Recently US based brokers like td ameritrade, charles schwab etc. has gone completely commission free. So I’d like to know if there’s a possibility here in India of that happening anytime soon or do we need something like robinhood for the other brokers to drop their commissions.
only buying ETFs & Securities is commission free.
which Indian brokers are already doing. (ex: zerodha)
US brokers still charge for options trades.
1 Like
How is it free when zerodha charges ₹20 for intraday trading? The only Indian broker I know who doesn’t charge anything is finvasia even for options. Only exchange related fees.
Robinhood and Webull have been offering literally zero(no exchange fees too) commissions, Robinhood offers options trading at zero commissions. Now All other major brokers followed the lead and mimicking the same prices. But option per contract is 65cents that’s outstanding, I don’t find similar brokers apart from small player Finvasia
Once tradition of saloons in the United States providing a “free” lunch to patrons who had purchased at least one drink. Many foods on offer were high in salt (e.g., ham, cheese, and salted crackers), so those who ate them ended up buying a lot of beer.
1st Robinhood (US)
2nd Finvasia (India)
3rd TD, Charles Schwab, etc. (US)
I can see that in few years, many brokers will offer commission free and competition will be tighter. Credit goes to initiators Robinhood and Finvasia.
Only Robinhood & Finvasia are free when it comes to traidng options.
IBKR & other brokers are free for buying ETFs or so. not for trading options.
Why would Indian brokers reduce brokerage if US brokers are reducing commissions.
If us brokers come to indian market and offer free plans, then indian brokers have something to compete against.
even IBKR says, they dont offer free commissions in India.
You can buy fixed brokerage plan from SAS (1k/month), if you are worried about brokerage. thats the closest to free i came across in indian market.