Discount Brokers

In India, there are mainly two kind of stock brokers-

  1. Traditional Broker or Full Service Broker
  2. Discount Broker

What is Discount Broker?

A discount broker is one who charges brokerage or commission on per executed order. They charge brokerage only on executed orders like Rs. 5 /Rs. 10/ Rs. 15 or Rs. 20 etc. per order. Following are the key characteristics of a discount broker –

  • Carries out buy and sell orders at a fixed reduced commission rate.
  • Useful to those who actively buy and sell shares on a frequent basis.
  • Investors who just want their trades executed are also usually prefer discount brokers as discount brokers do not provide research & advice.
  • No dedicated Relationship manager and no physical branches presence.

Top Discount Brokers

Wealth Inspiration

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