Who should you choose as Discount Brokers in India?

by Sandeep M. Tour and travel

The role of a share broker is much important for the traders or investors who love to go for offline trading or investment in this market where they need some support system. Investors or clients often choose for discount brokers rather than full-service brokers — the simplest reason being their policies of cheap fees and conscious traders. Unlike Foreign countries, discount brokers in India keep a luminous intention to provide cheap trade fees to the clients or traders.

But before going for such brokers who provide an eye-catchy discount, look and leap over all the terms and conditions and compare the discount fees with other brokers providing discounts. There is also a leg fee mentioned. Top 10 Discount brokers in India who provide generously and cost-effective offers is a long list, but you will get to know the different brokers available in the commercial market.

The first type of discount brokers

In broking fraternity, the first place is taken by certain brokers by providing a fee without keeping the volume of the trade in context. The traders here can invest without any implication of policies and offers barrier-free trading. A brief description includes the equity delivery, options, intraday or futures fee at zero brokerage, 0.01 per cent or INR 20 and INR20 respectively.

The second type of discount brokers

Most of the discount brokers are a public limited company, those supports with stability factor as a Discount broker company. One of the major facilities that these discount broker companies provide is quite different from the other. It provides financial consultation and advice on it also. It charges 10 INR for the segment known as equity (currency F&O, equity F&O).

The third type of discount brokers

There are certain discount brokers companies which were started by entrepreneurs filled with high ambition and enthusiasm to overpower the discount broker industry. These are true industries providing brokerages at nominal costs. Like the other brokers, they also provide offers and support on equity MCX (commodity) and currency. If you want long-term plans, you can subscribe to packages like INR 499 or 999 per month. But as in normal terms, they offer 9INR on trades.

The fourth type of discount brokers

It is a matter of astonishment as you have some great brokers. Among many, one is a repute in the brokers’ industry as it records itself to provide discounts on products over all segments and supports equity. Along with it, also works in support for MSEI, MCX, BSE, and NSE. It has declared its price officially and keeps no hidden costs. The company charges 20 INR for 0.02 per cent.

Last type of discount broker

There is another trustable discount broker platform where you can invest, trade and do all sort of business ventures as many legendary businessmen are supporting it. It provides INR 20 as per trade counting.

This is a brief description of the types of discount brokers entrusted in India. These points will pave you the way to choose your discount broker wisely.

 

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 4th 2018 04:19. Viewed 499 times.

Comments