Best online broking house for buying penny stocks ?

[Punter786]

Friends, who according to you is a best broking house in charging lowest brokerage when it comes to buying stocks whose price is 100 or below it ? For example most of the broking houses charges very high broking fees for buying stocks which are below 100, 40 or 10 etc -- I mean whatever level suites them for double digit or single digit stocks.

Thanks

 

[alroyraj]

Friends, who according to you is a best broking house in charging lowest brokerage when it comes to buying stocks whose price is 100 or below it ? For example most of the broking houses charges very high broking fees for buying stocks which are below 100, 40 or 10 etc -- I mean whatever level suites them for double digit or single digit stocks.

Thanks

Even I am searching for such a broker. Whatever it is, exclude Indiabulls, Motilal Oswal, India Infoline ( all charge min brokerage of 5 paise per share),and Sharekhan ( 3 paise per share). Even for IFCI, Suzlon it still falls under penny stocks for them, hence I am eagerly searching....

 

[nac]

In religare, there are plans (need to pay some up front brokerage). Under such plans, you have a daily limit of x amount for intra day, delivery and futures. Till that limit there is no minimum brokerage. I think plan name is freedom plan. But it won't suit for those who trade a lot. May be suitable for starter or swing traders.

 

[alroyraj]

In religare, there are plans (need to pay some up front brokerage). Under such plans, you have a daily limit of x amount for intra day, delivery and futures. Till that limit there is no minimum brokerage. I think plan name is freedom plan. But it won't suit for those who trade a lot. May be suitable for starter or swing traders.

Since Suzlon, IFCI, Moser Baer, Ashok Leyland are popular day trading shares, how do people trade them if there are minimum broking charges? I think Angel and maybe Religare does not charge it. Even those Rs 9 per order are tailor made for option trader. These shares I listed are decent scripts which are well known. And these charges are the least known .

 

[nac]

^ If not unlimited like RKG, there will be atleast 1p as minimum brokerage per unit.
Up to my knowledge you can find this in Religare, Bajaj. But those will come with plan i.e., we need to pay some upfront brokerage.

 

[Punter786]

Angel also charges heavily for stocks which are trading at 100 or under it.

 

[alroyraj]

Angel also charges heavily for stocks which are trading at 100 or under it.

Can you give details just how much. Another broker eliminated from our search. Was counting on Angel. Of course even in Indiabulls the senior mgr was saying that for a 1 lakh margin will reduce to 1 paisa per share. I nothing will eventually take that option if i can arrange it.