If you are a frequent trader or investor who invest in equities or derivatives several times in a month, your brokerage charges might be eating away your profits. Therefore choosing the best low brokerage trading account for stock trading will maximize your profit. Let us first understand what exactly is trading account, brokerage and low brokerage trading account?
Trading Account
A trading account has to be seen as distinct from a demat account. A trading account is used for actual buying and selling of shares in the stock market. The demat account is used as a bank where shares bought are deposited in, and where shares sold are taken from. Demat means dematerialising shares into digital format rather than on physical paper. You will get a single account for demat & trading.
Brokerage
Brokerage is the predetermined percentage which an investor is bound by law to give to his/her stockbroker on every transaction even if it results in a loss. These brokerage charges resulted in reducing the profits of the investors by a huge margin. To tackle this problem, better brokerage firms came up with a trading account with a low or zero brokerage.
Low brokerage trading account
A low brokerage trading account is an online trading account which charges the lowest amount of brokerage, probably lowest in the market. Many good online brokerage firms have come up with a brokerage amount which is very low when compared to other traditional brokerage firms.
When you open a low brokerage trading account, you won’t have to pay a high commission on all of your transactions. In most cases, a Low brokerage trading account means rather than paying a percentage of your profits to stockbroker, you are charged a low flat fee on your transactions when opening a low brokerage trading account.
Benefits of Low Brokerage Trading Account
- Very low brokerage or flat fee is paid instead of paying a huge portion of your profits.
- There is no need to calculate commission every time you deal in the share market.
- Various broking firms are charging zero AMC charges.
- Most of them are offering zero account opening charges.
- If you are a frequent trader or investor who invest regularly in equities or derivatives, your profits might be eaten by your brokerage charges. Therefore choosing low brokerage trading account will maximize your profits.
- A low brokerage trading account doesn’t increase your burden by a huge margin in case there is a loss in your transactions.
- With Zero Brokerage Concept, you don?t have better to bother about the volume of trade you do.
You can consider one of the best option such as EZ Wealth (ezwealth.in) a discount broking platform of Wealth Discovery Group.
If you are searching for the best online trading account at lowest brokerage charges then EZ Wealth is the ultimate source of your requirements. Below mentioned are various reasons to choose EZ Wealth:
- Range of Plans:?EZ Wealth has wide range of plans such as EZ Assist for RM assisted investment advice and trade, EZ Flat for less frequent traders regardless of the size of the order, EZ Family for high volume active unlimited traders.
- Lowest Brokerage in Industry:?EZ Wealth has the lowest Flat Rs.11/executed order. Yearly unlimited trading at Rs.4999/Segment or Rs.7999 all segments all exchanges.
- Platform & Technology:?Advanced Back office software for online trading to secure opportunity. EZ Web, EZ Mobi and EZ Desk let you connect to the markets from anywhere.
- Same price for Equity, F&O and Currency across all exchanges.
- Free technical charts and live streaming quotes to all customers.
- 100% online account opening through our Aadhar based account opening platform.
- Online fund transfer facility through multiple banks.
- Informative and engaging blogs to explain and discuss important aspects related to the market.
- Dedicated and interactive online customer support.
- Simple pricing models. No hidden charges.
- Among lowest Exchange Transaction costs.
- Referral Program to earn money by referring friends.
- Business associate program to start your business with the lowest investment.
- Free intraday and positional research call across all segments.
- Free fundamental research reports on a bi-monthly basis to our clients.
- Flexibility to call and seek free financial advice.