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.

Quick Note: You can also download this FREE android app of ‘Brokerage Calculator’ to find the total brokerage and actual profits/loss while trading in stocks ‘on your phone’. Here is the quick link!

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:

1. Zerodha
2. 5Paisa
3. Upstox
4. Trade Smart Online
5. SAMCO
6. Wisdom Capital
7. SAS online
8. Tradejini
9. Prostocks
10. Fyers

Also read: Compare Online Stockbrokers in India 2019- Brokerage, Opening Charges & More!