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Brokers with low brokerage, high speed and a fast platform for trading in stocks, commodities and currency derivatives. The brokerage charge while trading with these discount brokers are way lower compared to the traditional brokers in India like HDFC Securities, ICICI direct, SBI cap, etc.
Besides, the business model of a discount broker is quite straight forward. They offer a flat brokerage rate for every trade that their client makes, and it does not depend on the size of the trades. This rate can is usually between Rs 10 or 20 per trade.
On the other hand, full-service brokers charge a fraction of fee on the transaction volume. This commission can be as high as 0.3-0.7% of the transaction volume. Therefore, as the volume of the transaction increases, you have to pay more and more brokerage.
Best Discount Brokers in India – Stockbrokers List 2021
1. Zerodha - Open account now
2. Angel Broking - Open Account Now (N.E)
3. 5Paisa - Open Account Now (N.E)
4. Upstox - Open Account Now
5. Paytm Money -
6. Groww -
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