Thursday, June 16, 2022

Top 7 Best Discount Broker in India

 

Know the 7 Best Discount Broker in India

The discount broker in India is a stockbroker that offers brokerage services at discounted prices. It offers stock and commodity trading services to its clients. Before the era of discount brokers, full-service stockbrokers were the only instrument for trading in the Indian stock market.


A full-service stockbroker charges a specific percentage (quite high) of the trade value as brokerage fees. Whereas, the best discount broker in India charges a flat fee for every transaction, i.e. as low as INR 20 per transaction for most brokers.


The best discount broker in India is also known as a flat fee or budget stockbroker and is widely accepted across the nation. Many traders and investors are already using discount broking services and are glad about the profits they make without much investment.

Why should you opt for the best discount broker in India?

Below-described is the reasons to opt for the best discount broker in India:

  • Low brokerage fee

  • Rapid trading platforms

  • Trading across multiple devices

  • No enforcement by the support team for stock selection

  • Online stock tutorials

  • Refer & earn bonus

The best discount broker in India may offer excellent trading facilities at reasonable costs, but it would be great for you to consider a few factors before selecting one. These factors include trading costs, customer service, trading tools & platforms, account opening, and annual maintenance fees.


If you are willing to start your trading journey in the stock market or searching for the best discount broker 2022 in India, below-cited is the list of Top 7 Discount Brokers:

  1. Upstox

  2. Zerodha

  3. Samco

  4. 5Paisa

  5. SAS Online

  6. Trade-in

  7. Wisdom Capital

Know the Best Discount Broker in India: Top 7

1. Upstox

When it comes to the best discount broker in India, Upstox is a renowned name too. It offers an entirely paperless trading platform. Besides the stock market, Upstox also provides trading in mutual funds.

Features:

  • Free delivery trades. Maximum INR 20 per trade charges in other segments

  • Pro Web and Pro Mobile ( incredible trading platforms)

  • Multiple online tools and calculators

  • Mutual Fund Trading Platform available

Charges:

  • Equity Intraday – INR 20 flat, no charges for delivery

2. Zerodha

Established in 2010 in Bangalore, Zerodha is one of the best discount brokers in India for beginner traders. It provides various trading services in Equity, Commodities, Currency, Mutual Funds, Demat Account, trading education initiatives to its clients, and multiple updated trading platforms like Kite, Coin, etc.

Features:

  • Trading at a flat fee as low as INR 20

  • Advance Trading platforms such as Kite, Kite Mobile, and Pi

  • Mutual Fund trading via Coin platform

  • Education initiatives such as Open Trade

Charges:

  • Account opening charges: INR 200

3. 5Paisa

Backed by IIFL (India Infoline), 5Paisa also offers discount broking services in India. Besides stock trading, it offers multiple services including motor, life, health insurance, etc.

Features:

  • The brokerage of INR 10 per executed order

  • Desktop and Web-based Trading

  • Free stock research

Charges:

  • Account opening charges: INR 650

  • Maintenance charges: INR 400

  • Equity Trade & Delivery: INR 10 per executed order 

4. SAS Online

SAS Online is a reputed name when it comes to the best discount broker in India. Its specialty is its trading platform that offers a high-speed trading experience. Below-cited is the key features of SAS Online:

Features:

  • The brokerage of INR 9 per trade/ Unlimited Trading at INR 999 per month

  • Alpha (a high-speed trading platform)

  • Mutual Fund Investment facility

  • Portfolio tracker facility on a mobile

Charges:

  • Equity, Intraday, and delivery: INR 9 per trade

5. Trade Jini

Trade Jini is another best discount broker in India. It focuses more on technology and provides multiple trading platforms. Below-mentioned is some key features:

Features:

  • INR 20 brokerage across segments (maximum)

  • Multiple trading platforms (web and mobile-based)

  • Zero hidden costs & mo monthly obligation

6. Samco

Samco is a popular discount stock broker 2022 in India that offers various trading services at discounted prices. It enables users to trade on both desktop and mobile. Below-described is its key highlights:

Features:

  • Zero charges for account opening

  • Support services at NSE, BSE, MSEI, MCX

  • Trading Platform on desktop, mobile, and web

  • The brokerage of INR 20 per trade

Charges:

  • Maintenance Charges of Account: INR 400.

7. Wisdom Capital

Wisdom Capital is considered the best discount broker in India by several traders, as it provides you with low brokerage plans and excellent trade experience. It offers unlimited zero brokerage trading account in 2022 under its Freedom Plan for equity, futures, and options at NSE/BSE and commodities at MCX[1]/NCDEX[2]. Besides lifetime zero brokerage plans, it involves many technological aspects for your convenience in online trading activities. Wisdom Capital is trending as the best discount broker in India in 2021 as well. It offers credible versions of web, desktop, and mobile applications.

Features:

  • Embezzlement of free trade

  • Cheapest Brokerage rate in the industry

  • Hassle-free trading

  • Secured Transaction

Charges:

  • Account Opening: Zero

  • Annual Maintenance: INR 999+ Taxes (One time for whole life)




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