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What is Tradeplus Zero Brokerage Plan?

TradePlus recently change its percentage base equity delivery plan from .1% to 0%, which means free delivery trading. This move is taken for being competitive with discount broker like Zerodha, Upstox, Fyers who are offering free delivery trading from almost 2 years. The Company has recently started margin funding facility and up to 4x margin for delivery trading.

Offering Free delivery trading can give 2 benefit to brokers –

  • Attract new customer who are interested for Margin Funding facility.
  • Get more IPO Investors in portfolio.

Benefit for Traders/Investors:

  • For Long term investors – No brokerage for new investment, they don’t need to move to other discount broker who is giving similar facility.
  • For Traders – If they want to hold intraday scripts, they can use margin funding facility and hold the existing intraday position without paying any brokerage.
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