Trending Discount brokers in India

Discount Brokers

Let us start with the basics that can be fruitful to the beginners in the stock market.  Discount brokers are the brokerage firms that provide trading services at the low commissions. Similar to the full time brokers they also allow you to trade in equities, F&O, commodities etc. A concept of discount broking came into play in the year 2010. Earlier the traditional brokers were the only source to trade and invest thereby making them charge more and more on the name of advisory services. The discount brokers in India are seen performing well as compared to full-service brokers. They charge a flat fee on trades. Earlier traders were delighted by having offers like Rs.20 per trade. And now they have the alternative to enjoy unlimited trading with zero brokerage. Yes, the broker recognized as the Wisdom Capital provides such extraordinary plan too. So here what we are trying to say is, discount stock brokers are more preferred nowadays. They are also popularly known as the budget brokers. Discount brokers just provide trading facility for their clients. They do not offer advisory and suits for a ‘do-it-yourself’ type of clients. They offer low brokerage, high speed and decent platform for trading in stocks, commodities and currency derivatives.

Some of the qualities that make discount brokers outperform the full-time brokers are:

Free account opening accompanied with refer and earn facility by most of them is available. Low brokerage rate, fast trading platform/quick order execution and multiple support channels availability, high leverage funding etc are all found in leading discount brokers. No more research calls and suggestions from support team for selecting stocks. This ensures unbiased move.

Online discount brokers provide tempting trading services and you have to spend much lesser than that in the case of old or traditional brokers.  The factors one can focus on while searching right discount broker are free account opening and decent maintenance charges, minimal brokerage, cost of trading,  range of products, excellent customer support, convenient trading platform, smooth and accurate functioning of the tools like brokerage calculator and margin calculator etc. You can examine the top discount brokers by comparing them or with the help of peers already in the field. 

In a parting note we would like to affirm the presence of popular and promising discount brokers in India. Some of them that are actually serving well in the industry are Wisdom Capital, Upstox, SAMCO, SAS Online, Zerodha etc. If you think I have missed any leading discount broker’s name, feel free to write it to us.

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