Copy trading has become a transformative option for traders to engage with the stock market without having to perform the trades themselves. Copy trading allows beginners or even experienced traders to copy expert traders without the friction of trading. Coupled with this phenomenon has been the proliferation of zero-broking brokers in India, which makes trading relatively affordable, especially for those who are heavy on the execution in equities and derivatives. Brokers such as mStock and Flattrade are leading the charge with their zero-broking models on F&O and other affordable trading options that are highly beneficial for copy-trading enthusiasts.
The idea of zero broking grew in India around 2015, as discount brokers became aware that they could use technology to effectively reduce operational costs. While traditional brokers employ humans to conduct trading, these platforms use software and automation to offer free or very cheap trading, putting downward pressure on broking fees. Nowadays, more and more platforms such as mStock and Flattrade offer not only the best zero broking trading app in India, but also automated copy trading whereby traders can look for top traders on the specific platform and copy their live trades.
1. mStock
mStock is one of the most widely used zero-broking trading applications available in India. mStock offers free equity trading for intraday and delivery segments as follows:
mStock also has a great and easy-to-use platform. Plus, they have great charting tools, and they would be more ideal for copy trading or automating a trader's trades down the road using copy trading software like Combiz Services Copy Trading Software.
2. Flattrade
Another strong option is Flattrade, which is available to all traders and has recently gained traction with traders who are concerned with cost. Indicating to traders their broking is not budget-friendly includes the following:
Flattrade also integrates with multiple tools as well to allow traders to copy trades easier without facing additional steps and setup.
High broking fees can reduce profitability for traders deploying copy trading strategies. This is especially true for high-frequency trading or intraday strategies, where fees can quickly add up and account for a higher percentage of profits. Trading commissions are a non-consideration on zero-broking platforms like Flattrade and mStock:
If you trade in India and want the best copy trading experience with minimal or zero fees, a zero-broking trading app could be the perfect solution.
Zero-broking brokers, like those offered by mStock or Flattrade, are making trading more rewarding and attainable for Indian traders. In addition to rule bases, commissions, and inactivity charges, offsetting the advantages of copy trading (or any strategy) must also consider the commissions and delays that are often involved with brokers. When zero broking is combined with effective copy trading strategies, traders can minimise total cost while maximising returns. If you are contemplating starting to trade or refining simplicity in your trading, these platforms would be ideal.
Whether you are new to the practice or an experienced trader, choosing the best zero-broking trading apps in India will elevate your trading investment experience. In time, zero broking will exist not only on F&O but also on other services, such as equities, and reshape the trading environment and trader mindset away from fees and towards profits.