What is Zero brokerage …!!
Brokerage simply means a fee charged by a broker to execute transactions or provide specialized services. In the case of the stock market, it is the commission charged by a stockbroker on buying and selling of shares. All trading platforms charge a certain amount of fee as brokerage to provide a trading platform to the investor. Mostly, it is levied on every transaction. For Intraday, traders the amount of brokerage will be quite high as volume of trade will be quite high. To make the marker more lucrative for the traders, the concept of zero brokerage comes into existence.
Zero brokerage is a brokerage plan, where a broker offers no charge for any kind of trade. This concept was commenced due to a rise in the number of trade and rising competition among the traders. Let’s look at the benefits of zero brokerage:
- Traders don’t need to bother about the volume of trade.
- In case of Zero brokerage plan, your break-even point is lower. This boosts the chances of a trade being profitable.
- Traders don’t need to worry about the quantity of trade.
- Transparent rules and fees.
The discount brokerage firms are providing an excellent platform for the traders, to take the benefit of unlimited trading through zero brokerage service. Gulaq is also one such brokerage firm, which is providing zero brokerage service for delivery trades in equity.
*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing