Discount Stock Brokers in India
How do you Benefit from Discount Brokers? 100 Shares of ICICI each valued at ₹2000 Total Value = ₹100 X 2000 i.e. ₹2,00,000 Full Service Brokerage = 0.4% X 2,00,000 i.e. ₹800 Discount Brokerage = Flat ₹9 to ₹20 Savings : ₹(800 - 20) = ₹780
What do Discount Stock Brokers Provide? Low Flat Brokerage Charges High tech advanced trading platforms. Discount brokers generally do not charge annual maintenance charges (AMCs) They do not push clients to buy or sell a particular stock to make commission out of it for themselves. Different trading related educational content and material for free.
What Discount Stock Brokers DO NOT With no frills, discount brokers provide no research reports, intraday tips or Provide? market advisory to its clients Do not have any branches or franchises across the country. Their customer service is majorly to handle administration related tasks Discount brokers generally have lesser number of trading or investment segments as compared to full service brokers. At times, discount brokers charge hidden fees and charges that are not
Top Discount Brokers in India
- Charges Flat 20 or 0.1% per executed trade for Intraday - Free Delivery Trades - Trading education initiatives with Varsity, Open Trade Concerns - Okayish Customer Service
Top Discount Brokers in India
- Flat INR 20 per executed trade across segments - High tech trading platforms with speed and performance - Free Demat and Trading Account opening Concerns - Investing in IPOs or Mutual funds not possible.
Top Discount Brokers in India
- Charges 0.007% or INR 20, whichever is lower - No minimum balance required to open a Trading Account - Offer Unlimited trading plan at a Subscription price Concerns - Relatively higher transaction charges
Top Discount Brokers in India
- First 50 trades are Free to all customers - â‚š20 per executed order or 0.10% of Turnover whichever is lower - Pretty high exposure of up to 20 times for intraday Concerns - Not much innovation in trading platforms
Top Discount Brokers in India
- Flat price of INR 10 per executed order - Unlimited trading plans across segments for INR 1000 per month and INR 10000 per year - In house developed trading platforms Concerns - Not much exposure or leverage offered across segments
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