SEBI has mandated that all investors have to go through a registered stockbroker to buy or sell in the stock market. These brokers usually charge brokerage for offering their services to enter orders on the exchange. In recent years, many new brokerage plans have been launched by brokers to attract investors.
A zero brokerage on loss-making trades plan is a stockbroking plan where you are not charged any brokerage on intraday trades where the square-off trade is at a loss.