Discount brokers are the newer brokerage firms which charge a flat fee brokerage on per executed order.
For example, Zerodha, one of the biggest discount broker in India charges ₹20 or 0.01% (whichever is lower) per executed order on intraday trades across equity, currency, and commodity trades across NSE, BSE, and MCX.
Unlike full-service brokers, who charge brokerage on a percentage basis, these brokers help traders/investors to trade in equity, commodities, and currencies at a lower brokerage.
Here is the list of the best discount brokers in India 2019:
- Trade Smart Online
- Wisdom Capital
- SAS online