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Discount brokers provide very competitive brokerage rates with good customer services.<br>
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C CO OMP MPARE ARE O ONL NLIN INE E B BRO ROKER KER Find the Best Indian Share Broker
Zerodha - Featured Indian Discount Broker . Here's why PI - Next generating trading platform Rs 20 or .01% / .1% whichever is lower per executed order Same pricing for Equity, F&O, Currency, and Commodity across all exchanges No upfront fee or turnover commitment Over 50,000 happy customers, averaging a daily turnover of over Rs. 5000 crores 170+ dedicated support team to ensure the fastest turnaround time for your queries via email or phone
TYPESOFBROKERS You will want to understand the differences in brokers as well as the type of investor you are before choosing a specific broker. Two types of brokers include discount brokers and full service brokers. Discount brokers will charge a lower fee than a full service broker while providing minimum trading facility at a lower cost. This will generally allow for an investor trust the broker to make fast, real time decisions. Full service brokers provide multiple services apart from buying and selling shared. Many are bank subsidiaries providing a client with a savings account, demat account and online trading facility. Above all else, a full service broker will provide well established personal advice regarding market trends.
DISCOUNT BROKERS IN INDIA Discount broking is a very recent trend that started just five years back in 2010. Discount brokers charge a reduced commission and do not provide investments advice. The best known discounts brokers in India are Zerodha, RKSV and Tradejini; there are also few smaller players in the market as well, but based on the returns these three are the largest. Charges are kept low because discount brokers offer fewer employees, fewer products, and no advisory teams. Lately, discount brokerage is becoming very popular in India as more and more people have access to internet and several people are now investing using their own knowledge.
TOP 10 DISCOUNT STOCK BROKERSIN INDIA Zerodha: One of the largest and oldest discount brokers in India with more than 50,000 clients and a daily turnover that exceeds Rs. 5000 Crore. They serve for a minimal brokerage charge (Rs. 20 per trade). Zerodha leads the list of Top 10 discount stock brokers in India. They offer their customers the convenience of doing all the paper work online. They are one of the few discount brokers who have their own proprietary software. It is called Pi and is an advanced charting software provided free of cost. They are also one of the first Discount Brokers who opened franchise offices in many cities of India. RKSV: RKSV, broker based out of Mumbai provides NEST and ODIN platform for trading. They charge Rs.20 per trade irrespective of the size of the trade. Apart from that, they also offer their clients with 5 free trades per month for life. For traders preferring monthly plan, they offer unlimited monthly plan at Rs.1999 per month. Upstock, a new mobile app they have launched offers trading, analysis, charting and other important trading features. It also helps traders to place orders through mobile phones and web browser.
TOP 10 DISCOUNT STOCK BROKERSIN INDIA TradeJiNi: TradeJiNi who has entered the discount brokerage area recently, have made a mark because of their excellent customer service. Their founders, with three decades of knowledge in trading have imparted faith in the traders with their expert advice. TradeSmartOnline: TradeSmartOnline is a subsidiary of VNS Finance Capital Services Ltd. VNS has good standing in the Indian share market and have trader friendly plans based on fixed charge and monthly based schemes. SAS online: SAS Online, which started its discount brokerage operations in 2013, offers the cheapest brokerage service charges (Rs. 9 per executed order). It also provides its customers monthly unlimited plans at Rs. 499 and Rs. 699.
CompositEdge: CompositEdge has a large customer base in Karnataka and has unique brokerage plans. It supports automated trading. RK Global: RK Global started its retail broking business for Capital Markets first. Initially they offered an attractive of Rs.9 per lot. Later due to competition they changed the fee structure to Rs. 9 per executed order. My Value Trade: My Value Trade, a subsidiary of Master Trust Group, started its brokerage operations in 2014. Due of its large client base, the brokerage is able to achieve a turnover of Rs. 4500 Crore per day. It offers Rs.10 per executed order for BSE, NSE and MCX exchanges. Achiievers Equities: Achiievers Equities who are the channel partners for the insurance segment of ICICI, Kotak life insurance and LIC India, entered the brokerage operations in the year 2010. They offer plans such as Rs.15 per executed order and a monthly unlimited plan for Rs.750. TradePlusOnline: TradePlusOnline is the revamped name for Navia Markets Ltd which has been in the industry since 1983. The brokerage offers unlimited trading and zero brokerage schemes in commodities for Rs. 99 per month.
DEMAT ACCOUNT The advantages of having a Demat account There are many advantages that one can enjoy while having a Demat account in possession. Some advantages have been stated below for your understanding. The rights of all the shares as well as bonus to an investor are credited immediately to his or her account. There is also very minimal risk as there will not be any loss because of mutilation, theft and fire. The transaction costs are also much lower than the cost that can arise because of a physical segment. The problems associated with a physical share certificates can also be avoided easily. The risks associated with forgery are also eliminated successfully. As the stamps are stored in an automatic format, as a Demat account holder, you can save a lot of money during the entire process. This is one of the biggest advantages.
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