Best Discount Broker In India

Get 100+ trade opportunities with Best Discount Broker in India

Do you really want your head high, in the segment of trade you are dealing with? Whether it’s equity, commodity or options, your ultimate goal is to have a good profit with fewer expenses.

For this, various aspects of choosing best discount broker for stocks and commodity online trading must be plumbed. The importance of perfect discount stock broker in India can be easily seen by evaluating the ratings and review they get on various social sites and forums. Also, relevant search in this context must be pursued so as to keep the rhythm of happy and profitable trade.

The basic difference between the discount broker and full-service broker

The discount brokers in India are well recognized for the discounted brokerage rates they offer. Additionally, they offer quicker services and some extra-ordinary plans too. The full-service brokers offer high brokerage however they provide advisory facilities too unlike discount brokers. In terms of other services, the discount brokers are preferred over traditional brokers nowadays. As they reflect their strategy by coordinating equally with the present market needs.

Some essential traits of Top Discount Broker in India

Best Discount Stock Brokers in India

  • Check if the discount broker has the membership of various Stocks & commodity exchanges like BSE, NSE, MCX, NCDEX.
  • Check whether these stock brokers have the low brokerage rate, maximum leverages/ best margin fund facility, great user interface and good customer support.
  • Also know about broker’s account opening charges in addition to stamp duty, transaction fee, service tax, STT/CTT etc.
  • Leading online discount broker also retains the trade-related tools and the product like brokerage calculator, latest trading terminals, and margin calculator etc.

 

Reviewing the above insights, choose the best discount broker from the list of prime discount stock brokers in India here:

Wisdom Capital

 

Best Discount Stock Brokers

Wisdom Capital is one of the best discount brokerage firm, as it provides you a low brokerage plans and excellent trade experience. Besides lifetime zero brokerage plans, it involves a number of technological aspects for your convenience in the online trading activities. It is trending as the best discount broker in India in 2018. It offers credible versions of a web, desktop, and mobile applications. Before moving forward, get to know the important traits of this discount stock broker here:

  • Embezzlement of free trade.
  • Cheapest Brokerage rate in the industry.
  • Hassle free trading.
  • Secured Transaction.

It is important to note that none other than Wisdom Capital offers Brokerage free stock trading services in India. Even though some brokers used to assert that they are charging zero brokerage, but in real life, they used to charge hefty amount per trade or some upfront charges on the monthly or yearly basis. Wisdom Capital gives lifetime zero brokerage freedom plan in equity, futures, and options at NSE/BSE and commodities at MCX/NCDEX.

In some of the brokerage firms, brokerage rates and the commissions associated are higher than expected but Wisdom Capital offers low brokerage charges at the same time. Many investors are unaware of the fact that how much brokerage they are going to pay, and how much money they could have saved if they would have chosen the right discount stock brokerage firm. So check for the brokerage and margin calculator before moving ahead in your trade activities. You can also check their brokerage plans that justifies its best discount brokerage firm tag.

Account and margin details are given below:

PlansFreedom PlanPro PlanUltimate Plan
Account OpeningFreeFreeFree
ValidityLifetimeLifetimeLifetime
Brokerage in FNO (NSE/MCX)ZERO (0%)9/TradeFuture: 0.005 (NSE/MCX), Options : Rs. 15/Lot
Free Demat OpeningYesYesYes
Trading Software NestFreeFreeFree


Margin

Wisdom Capital is providing highest margin among other stock brokers in the market as per brokerage plan.

SegmentsFreedom PlanPro PlanUltimate Plan
 EquityUpto 5 times for Intraday & 1 time for Delivery tradingUpto 40 times for Intraday & 1 time for DeliveryUpto 60 times for Intraday & 1 time for Delivery
 Equity FuturesUpto 2 times for IntradayUpto 6 times for IntradayUpto 10 times for Intraday
 Equity OptionsNo Leverage buying, Shorting Intraday upto 2 timesNo Leverage buying, Shorting Intraday upto 6 timesNo Leverage buying, Shorting Intraday upto 10 times
 Currency FuturesUpto 2 times for IntradayUpto 6 times for IntradayUpto 10 times for Intraday
 Currency FuturesNo Leverage buying, Shorting Intraday upto 2 timesNo Leverage buying, Shorting Intraday upto 6 timesNo Leverage buying, Shorting Intraday upto 10 times
CommodityUpto 2 times for Intraday Upto 6 times for Intraday  Upto 10 times for Intraday

 

 Zerodha

Best Discount Stock Brokers India

A discount service stockbroker which carries out stock trading has the subsidiary responsibilities too. Before hopping on to its key features, let us have look over its brokerage charges offered. Zerodha being one of the noticeable brokerage firm has following fee structure.

Account OpeningRs 200
Brokerage RateRs 20
Brokerage intraday cashRs 20
Brokerage Delivery cashFree
Brokerage intraday FNORs 20/Trade

 

Similar pricing for Equity, F&O, Currency, and Commodity across all exchanges with zero upfront fee or turnover commitment.

An organization that enhances the trade of equities and other segments between the buyer and seller is a brokerage firm. A discount broker or an online broker is a firm that performs the trade at low brokerage rate. Full-service stockbroker will charge a very high premium for their services. Everyone can explore the stock market with the help of discount brokers, its clients charging less, but does not provide financial assistance. Zerodha is known for its trading platforms. The features are good. The flat fee brokerage of Rs 20 per executed order in intraday trading makes it eligible to appear in the list of top discount brokers in India.

Dedicated team is present to ensure the fastest resolving of queries via email or calls.

Discount brokers offer their clients the easy way to perform trades via automated, computerized trading systems. Many discounted services are provided by these firms as there is cut-throat competition in the market. All brokerage firms, including discount brokerage and full-service discount brokerage work on the similar process and are licensed by financial regulatory authority.

Zerodha is one of the leading stock brokers in the market. Due to its large trading volume, the number of customers and growth, it is considered as a credible one. The headquarters of Zerodha is in Bangalore. Among the numerous discount brokers in the nation. Anyone who would like to open an account online can walk into its franchise offices and access its available services.

The electronic trading platforms are provided free of cost to the clients. The trading platforms provided by Zerodha are:

  • Zerodha Trader (Desktop application)
  • Web (html5) called Z5
  • Mobile
  • Offline (Call and trade with a charge of Rs. 20 per call)

 

SAS Online

Best Discount Stock Broker in India

It has been incorporated in 1995 and exchanges enabled are BSE, NSE, MCX. SAS Online comes under the top position zone of the perfect discount broker in India. The broker is in the industry for years now. Although it competes with best discount broker in India 2017 in some other terms still it has higher brokerage than that. And the trading platform that it avails are discussed below:

Trading platforms available with SAS online are:

  1. NOW Trader– Free software provided by NSE. Equity, derivatives, commodity and all accessible on this It is available in web and mobile and desktop versions.
  2. NEST Trader– Efficient execution of orders, as well as real-time monitoring, prevails. This is easy to use the trading terminal. In other words, it’s reliable and user-friendly.

Marginal charges associated are as follows:

EquityUpto 20 times for Intraday & 0 for Delivery
Equity FuturesUpto 5 times above Span
Equity OptionsBuying 0 & Shorting upto 2 times
Currency FuturesUpto 2 times for Intraday
Currency OptionsBuying 0 & Shorting upto 2 times
CommodityUpto 5 times on Span

 

Some other details:

  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 250/crore for Futures, Rs 6000/crore on premium for options for Delivery trades in Equity.
  • Stamp Duty: Charges relies on the place, where the customer resides.
  • (GST): 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: It is charged at Rs 15 per Crore.

Margin against shares is available and monthly unlimited trading plans available for trading at NSE, BSE and MCX.Trading Software’s including website, mobile app and installable trading terminals are available at zero cost. Call & Trade is available at a surcharge of Rs 20 per executed order but margin funding is not available. SASOnline Referral Program allows its customers to refer friends and earn from 20% to 50% of the brokerage paid by them.

 

Tradeplus online:

 

Best Discount Stock Broker India

Being established in 1983 as Navia Markets Ltd, it has emerged as a revolutionary stock broker, which had shown it’s potential at nascent stage itself. In terms of Customer Care, their customer support is impressive as they have toll free no to call, email support and sms service too. Their Back office support is also very good with high degree of performance. All mentioned traits bring it in the chief discount broker category. 

The full product and services of the company include trading in equity, Intra-day, future and option, currency and commodities on NSE, BSE and MCX, Tradeplus gives its own DP services which has a membership with NSDL.

With its vetted brokerage plans, it provides high scale customer acquisition at low cost.

Leverage display is presented here:

Equity30 X on NIFTY 50 Stocks
Equity FuturesSPAN/4 on Indices and NIFTY 50 stocks
Equity Options2 times on selling
Currency Futures2 times intraday
Currency OptionsNo leverage
CommoditySPAN/4

 

 

 

RKSV/UPSTOX

Best Discount Stock Brokers in India

This discount brokerage firm was formed in 2009, the exchanges enabled are NSE, BSE and MCX. It was founded by  Raghu Kumar, Ravi Kumar and Shrinivas Viswanath. It has commenced its trading platform named as Upstox. It has also introduced its India’s first online only unlimited trading platform. RKSV has also made effort by bringing its trade academy support which ushered a number of traders who were at the starting stage of their trading. The discount broker in India have some attractive offers that make it appear on the relevant discount brokers catalogue.

It has a number of charting indicators with highly advanced computational capabilities. They have additional offers and they provide 5 free trades per month for the  lifetime. Margin overview is:

EquityUpto 20 times for intraday, 0 for delivery
 Equity FuturesUpto 4 times for intraday
 Equity OptionsBuying no leverage, shorting upto 4 times for intraday
 Currency FuturesUpto 4 times for intraday
 Currency OptionsBuying no leverage, shorting   upto 4 times for intraday
 CommodityUpto 3 times for intraday

 

 

Tradejini

Discount Stock Brokers in India

Tradejini was originated in the year 2012. It is a Bangalore based stock broker, engaged in multiple segments of financial instruments. With minimal charges, it also provides a trading programme which is built for the convenience of its customers. You can proceed with your trade activities easily by using its mobile, desktop and web versions. Although there are more cheaper discount brokers in India than Tradejini still it is making good efforts to launch the adaptive plans. That is the reason it is also seen on the discount broker India listing.

As it consigns easy-to-use interface, Besides this it also upgrades cutting-edge & powerful technological features. The margin rates offered are mentioned below:

EquityUpto 20 Times for Intraday, & No leverage for Delivery
 Equity FuturesUpto 2 times for Intraday
 Equity OptionsFor Buying No leverage, For Shorting upto 2 times for Intraday
 Currency FuturesNA
 Currency OptionsNA
 CommodityUpto 2 times for Intraday