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Investallign presents a list of Top 10 Discount Brokers in India. If you are looking for best online discount brokers then your search ends here. Compare best discount broker in India for 2018. Select the best discount broker in India for you from the list of top 20 or 50 richest stock broking companies and their Online trading platform for mcx, forex, and commodity trading. <br>
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List of Top 10 Discount Brokers in India There are many discount brokers in India, Investor have to choose right stock broker based on their requirement. We will try to help you here give points keep in mind for choosing the best online discount broker and give also you a list oftop 10 discount brokers in India.
What is Discount Brokerage? Discount Brokerage Concept Lunched in India 2010. Discount Broker is who offer lowest Brokerage for buy and sell stocks to the client. However Discount brokers not provide investment advice or research analyst report to their client. Discount broker mainly client base is online client. They provide online trading terminal to their client to trade. What stock broking is all about lets understand till 2002 the entire industry was in paper form but after 2002 the industry adopted digitalization as in everything is in digital format for the ease of clients to bring transparency with the digitalization of stock broking all the investments are in digital format.
What is Discount Brokerage? Since decades our broking industry have been charging client percentage based brokerage in 2010 new revolution came in our broking industry where discount broking came into existence discount broking is where a fixed brokerage is charged per executed order and some brokers to revolutionize more have started giving delivery brokerage free. Initially this concept faced lot of hurdles as the acceptance was not there in the market but now more than 50 discount stock brokers are there into existence in India where they charge different brokerage and more focus is on technology and customer awareness. Let us see the top 10 discount brokers in India as they are customer centric.
Here we compare top 10 discount stock brokerage firms in India There is two type of Broker in industry basically Full-service broker: Full service brokerage basically traditional Offline Broker where client can visit branch, Sit trade , use brokers advisory service – Traditional broker offer almost all kind of investment option Discount Broker: Discount Broker in India is basically Online broker where client open trading account online , use there online trading platform and trade him self There are few Leading Full Service broker also offer online trading like – Motilal Oswal , Angle Broking , Sharekhan , Edelwise& many more … but there brokerage are quit high compare to discount broker in indie Like Zerodha – Discount Brokerage , RKSV , SAS online.
Here we compare top 10 discount stock brokerage firms in India Now days, Discount Broker Spread their wings in Broking Here we are trying to give you few points which you need to watch before Choosing a Broker. Brokerage Availability Trading Platfrom Broker Background Customer Support Product they offer
1. Zerodha It leads the chart in top 10stock brokers in India it has a client base of 6 lakh clients they charge flat Rs 20 per exe order and the are the few with their own in house software pi and chart base trading. 1st Discount Broker in India. Pioneer of Discount Broking concept in India Zero Delivery Brokerage 20 or 0.01% whichever is lowest brokerage in all other segment. Best Trading Platform – Zerodha Kite Web – Mobile ,Zerodha PI 1st In India 10 Regional Language Trading Platform India’s 1st Thematic Investment Product – Smallcase Zerodha Coin – Online Direct Mutual Fund Platfrom( saveupto 28 lacs in 25yrs go direct mutual fund ) Zerodha Varsity – Knowledge HUB ( Interactive Blog ) Trading QnA – Platform for all trader and investor query 22 Branch Office , 500 + Support Team
2. Upstox Upstox has their own mobile software with trading,fundtransfer,chart base trading they charge flat Rs20 brokerage and zero delivery brokerage . Rs 20 Lowest Brokerage in all Segment Free Delivery Brokerage – NSE , BSE Own frontend trading platform – Upstox Pro – Web & Mobile Mutual Fund Investment Platform Average Customer support
3. Samco In 2008 Samco start his journey. With 23762 client Samco top 3 in discount broking league. Highest Leverage 20 per order Brokerage in Stocks , Future , Option , Commodities Delivery Funding upto 4x with interested charged Lowest Margin Requirement Weekly outlook from CEO desk
4. SAS ONLINE SAS online offers the cheapest brokerage flat Rs9 per executed order they started their operations in 2013.it also provides its customer with monthly unlimited plans like 499 and 699. Rs 9 Flat per trade or Rs 999 month choice is yours 20000+ Trading member 7000 + Cr daily turnover Advance Trading Platform – Alpha Trader
5. TRADEJINI TRADEJINI is the latest entry in the discount broking they founders with 3 decades of experience have made a extraordinary presence by customer service. Rs 20 Maximum Brokerage in all segment High Exposure and leverage in Intraday 1st 50 trade free Nest Trader – Web – Mobile Trading Platform – third-party trading platform Other investment option Available
6. RK GLOBAL Rkglobal first started its capital market business in year 2004 than later they started discount broking with a mere brokerage of 9 per lot the lowest in market a that time. Low Account Opening Charges 999 Rs – Monthly or 9 Rs Per Trade Brokerage Offer In-house Research Team – Research Report 7 support Office – Decent Customer support team
7. Astha Trade Aastha Trade being a discount broker gives research reports and trading calls they charge 0.001% in intraday and 0.01% in delivery brokerage they have a prompt customer service and astha trade give 40 times exposure in intraday 8. TradeSmart Trade smart online is a subsidiary of a well renowned existing broker VNS FINANCIAL CAPITAL SERVICES LIMITED THEY CHARGE 0.007% OR RS 20 whichever is lower and to accommodate clients they have fixed monthly brokerage plans also
9. TRADE PLUS ONLINE They are old players in the market with a changed name originally trade plus online was Navia markets limited which was established in 1983 they have zero brokerage plans in commodities in Rs99 per month. Above this they have 5 year and 10 year AMC plans for demat at a nominal cost 10. MY VALUE TRADE My value trade is a trusted name from master trust they provide flat Rs10 brokerage and also have unlimited monthly and yearly plans for clients ranging from 1000p/m to 10000/year plans Above are Top 10 Best Discount Broker in India and their comparison, Now you can select right broker for as per requirements. Still you confused allow us to call you and help you to find best Discount Broker for your.
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