List of Best Discount Broker in India 2019
As the use of internet increased, discount broking also became popular in the Indian market-space. People looking to invest their money search for the top 10 stock broker in India so that they can make a well-informed decision and invest their money in the right place.
Discount brokers charge a small amount of brokerage to provide a trading platform to investors. This amount is lower than the amount charged by full service brokers. In this post, we will share the list of the best discount broker in India and benefits offered by them:
1. Zerodha
Zerodha indeed is the pioneer in the world of discount broking because it revolutionized the market. It was the first to introduce discount broking and has been in existence since 2010. Today, it is known as one of the largest and one of the best discount broker in India. Zerodha charges a flat Rs. 20 of brokerage regardless of the volume. This gave a huge benefit to investors as they no longer had to pay huge brokerages charged on percentage basis by full service brokers.
2. SAS Online
SAS Online made its name in the market within a short span of time. Once started by 2 ambitious and young entrepreneurs, SAS Online is today celebrated as one of the top 10 stock broker in India. It supports Equity market and Currency trading. It charges a flat Rs. 9 per trade.
3. Wisdom Capital
Wisdom capital is known for providing services for stocks, futures, BSE and NSE. Besides, commodity trading on MCX and NCDEX is also provided. There are 3 plans available with Wisdom.
4. Samco
Samco Securities is another one of the best discount broker in India offering trading services related to NSE, BSE, MCX and MSEI. It charges a flat fee of Rs. 20 or 0.02 percent whichever happens to be lower.
5. Upstox
Another popular company on the list is Upstox. Their trading platform facilitates paperless demat account opening and trading. You can trade intraday, commodity, currencies and F&O using their platform. Made for convenience, the Upstox trading platform has a lot to offer to investors. This trading platform charges a small Rs. 20 per trade which is another advantage of choosing Upstox.
6. Prostocks
This is indeed one of the rapidly growing firms in India. You can use their platform to trade in F&O, currencies, delivery or intraday with convenience and security. They offer free account opening facility as well.
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