Currently, trading within the Indian stock market has become easier, yet brokerage expenses still reduce overall earnings. Attaining maximum trading productivity becomes achievable for active traders because each rupee saved in brokerage costs increases their earnings. The Unlimited Trading Plan serves as a solution for zero brokerage unlimited trading motion. This article explains what the Unlimited Trading Plan is all about, along with its functions and why it could fulfill your needs.
What is an Unlimited Trading Plan (Zero Brokerage Unlimited Trading)?
Through An Unlimited Trading Plan you gain access to execute unlimited trades for one dedicated monthly fee the brokerage calls a Zero Brokerage Unlimited Trading Plan. Users of these plans do not need to worry about paying additional brokerage fees for trades since they can execute unlimited transactions while keeping their costs unchanged. The trading model attracts individuals who execute numerous deals regularly.
How Unlimited Trading Plans Work
A trading plan with unlimited usage functions similarly to a continuous transportation pass. The payment of a steady fee enables you to undertake unlimited trading sessions. Subscribers to this service from their broker pay one fixed monthly amount in exchange for unlimited trades within select categories, including equity and F&O or currencies. The separate fees must be paid for every exchange and every trading segment you want to involve.
Trading on NSE and BSE and equities and currencies requires a separate subscription to different plans with different brokers. The fees brokers charge for their services differ among segments as well as between various brokers.
Types of Unlimited Trading Plans in India
- Equity Intraday Unlimited Plans: Unlimited trades in equity intraday for a fixed monthly fee.
- F&O Unlimited Plans: Unlimited trades in futures and options.
- Currency and Commodity Unlimited Plans: Unlimited trades in currency and commodity segments.
- Segment-Specific Plans: Some brokers offer separate plans for each segment (equity, F&O, currency, commodity).
Key Features of Zero Brokerage Unlimited Trading
- Fixed Monthly Fee: Pay once per month, trade unlimited times.
- No Per-Trade Brokerage: No commission on each executed trade.
- Segment and Exchange Specific: Plans can be specific to NSE, BSE, or MCX and equity, F&O, or currency.
- No Long-Term Contract: Most brokers allow you to switch or cancel plans without penalties.
- Other Charges Apply: Regulatory charges like GST, STT, and exchange fees are still applicable.
Who Should Choose Unlimited Trading Plans?
Unlimited trading plans are best suited for:
- Active Traders: Those who place multiple trades daily or weekly.
- Day Traders: Individuals who rely on frequent intraday trades.
- F&O Traders: Traders dealing in high volumes in futures and options.
- Cost-Conscious Investors: Anyone looking to save on brokerage costs.
If you make only a few trades a month, traditional brokerage plans may be more cost-effective.
Benefits of Unlimited Trading Plans
- Cost Savings: No brokerage on every trade; only pay a fixed monthly fee, which leads to significant savings for high-frequency traders.
- Predictable Costs: Know your trading expenses in advance.
- Encourages Active Trading: No need to worry about increasing brokerage costs with more trades.
- Easy to Track: Simple billing and no surprises at month-end.
- Accessibility: Makes trading more attractive for small investors and frequent traders.
Limitations and Important Considerations
- Not Truly “Zero Cost”: While brokerage is zero, you still pay regulatory charges like GST, STT, exchange transaction charges, and stamp duty.
- Segment Restrictions: Unlimited plans are often segment-specific; you may need multiple plans for different segments or exchanges.
- Monthly Fee Applies Regardless of Usage: You pay the full monthly fee even if you trade only once or not at all in that month.
- Turnover Limits: Some brokers may cap zero brokerage up to a certain turnover (for example, ₹1 crore per month).
- No Prorated Fees: You pay the full month’s fee even if you join mid-month.
- No Carry Forward: Unused trades or benefits do not carry over to the next month.
Comparison: Unlimited Trading vs. Traditional Brokerage
| Feature | Unlimited Trading Plan | Traditional Brokerage Plan |
| Brokerage per Trade | ₹0 (fixed monthly fee) | Charged per trade (e.g., ₹20/trade) |
| Cost Predictability | High (fixed fee) | Low (depends on trading volume) |
| Best for | Active, high-volume traders | Occasional, low-volume traders |
| Segment Specificity | Yes (may need multiple plans) | No (pay per trade across segments) |
| Other Charges | Regulatory charges apply | Regulatory charges apply |
Popular Brokers Offering Unlimited Trading Plans in India
Several brokers offer unlimited trading plans in India. Here are some leading names:
- Prostocks: Fixed monthly fee for unlimited trades in equity and F&O.
- SAS Online: Segment-wise unlimited plans for equity, currency, and commodity.
- Trade Plus: Flat Pro plan for unlimited derivative trade.
- Wisdom Capital: Zero brokerage for life with their Freedom Plan.
- Stoxbox: Zero brokerage up to ₹1 crore turnover per month, then nominal charges.
- Kotak Securities: Trade Free Plan with zero brokerage for intraday trades.
Note: Always check the latest terms and conditions on the broker’s official website before opening an account.
How to Open a Zero Brokerage Unlimited Trading Account
- Compare the Plans: Review different brokers and their unlimited trading plans.
- Choose a Broker: Select the broker and plan that fits your trading needs.
- Open an Account: Complete the online account opening process. Submit KYC documents as required.
- Activate the Plan: Subscribe to the unlimited trading plan by paying the monthly fee.
- Start Trading: Begin trading without worrying about per-trade brokerage.
Frequently Asked Questions (FAQs)
What is an Unlimited Trading Plan?
An unlimited trading plan allows you to trade as much as you want for a fixed monthly fee, with zero brokerage charge on every trade.
Are unlimited trading plans safe?
These plans are offered by SEBI-registered brokers and are as safe as any other regulated trading account in India.
Can I switch or cancel my unlimited plan anytime?
Most brokers allow you to switch or cancel without penalties, but you must check the broker’s policy.
Is there a turnover limit for zero brokerage?
Some brokers may cap zero brokerage up to a certain turnover (e.g., ₹1 crore per month), after which nominal charges apply.
Are unlimited trading plans available for delivery trades?
Some brokers offer free equity delivery, while others may charge a separate fee for delivery trades.
What happens if I don’t trade in a month?
You still pay the monthly fee, regardless of the number of trades executed.
How does zero brokerage work?
You pay a fixed monthly fee to your broker and can place unlimited trades in the chosen segment without paying per trade.
Are there any hidden charges in unlimited trading plans?
While brokerage is zero, you can still pay regulatory charges like GST, STT, exchange fees, and stamp duty.
Who should opt for unlimited trading plans?
Active traders, day traders, and F&O traders who make regular trades benefit the most from these plans.
Can I trade in all segments with one unlimited plan?
Usually, plans are segment-specific. You may need to subscribe separately for equities, F&O, currency, or commodities.
Conclusion
Indian active traders will find the Unlimited Trading Plan (Zero Brokerage Unlimited Trading) as a transformational solution. The plan requires a single monthly payment, which allows traders to make unlimited trades regardless of increasing brokerage expenses. The trading model provides predictable costs together with clear pricing and major cost reductions for regular traders. You need to compare brokerage plans and learn their terms before selecting the one that matches your trading practices. Using the proper plan will enable you to prioritize trading strategies and investment growth instead of being concerned about brokerage expenses.
