Some of them provide their own demat account and some use third party dp to enable you to deal in Stock market. How to Choose Best Indian Sharebroker for Yourself? It offers Rs 20 per executed order.
They started with NSE NOW , which is still good for beginners and small investor. At present they offer Zerodha Pi trade like it is which is an excellent platform for advanced traders. Open Account With Zerodha [Get Exciting Offers]. SAS Online equity broker was incorporated in , but started its discount brokerage operation in with headquarter at NewDelhi. SAS Online offers cheapest brokerage charges among the peers in India today at Rs 9 per executed order.
SAS Online also has monthly unlimited trading plans with Rs and Rs Open Account With SASOnline [Get Exciting Offers]. TradeJini is new entrant to the market, but they have been successful in generating good faith among the trading fraternity thanks to their quick and prompt customer service.
Comparison of Online stock broker in India
With more than 30 years of experience, its founders are able to understand the needs of traders of present times.
At present Tradejini is offering 30 days of unlimited free trading , more details can be found at Tradejini review page.
Open Account With Tradejini [Get Exciting Offers]. RKSV also entered the market along with Zerodha. RKSV is another popular broking house based out of Mumbai providing one of the best online trading account with zero brokerage plan in India today.
RKSV is too offering Zero Brokerage for delivery Trades. Open Account With RKSV [Get Exciting Offers]. VNS is a traditional brokerage company incorporated in which has good track record in Indian Share Market.
Compare and choose from India's top brokers - Compare Brokerages
It also offers various plans which include percentage based, fixed charge based and monthly unlimited trading plans. Open Account With TradeSmartOnline [Get Exciting Offers]. Tradeplus Online share broker based out of Chennai is the new revamped online brand of Navia Markets Ltd.
Navia markets has been in the industry since and through Tradeplus, they are offering discount brokerage services. TradePlusOnline is the first broker in to offer PayTM integration for their Value added Services.
For more details, visit TradePlusOnline Review page.
Open Account With TradePlusOnline [Get Exciting Offers]. MyValueTrade is Noida based subsidiary of Master Trust Group incorporated in It started the discount brokerage service in August MyValueTrade offer Rs 10 per executed order for BSE, NSE and MCX exchanges in equity, currencies, derivatives and commodities segment.
At present MyValueTrade is offerring discount of Rs on account opening fee. Open Account With MyValueTrade [Get Exciting Offers]. Though a Full Service broker offering wide range of services, Bonanza Online also has discount brokerage arm with brokerage rate as low as Rs 18 per order.
Bonanza has spread its trustworthy expertise all over the country with pan-India presence with more than outlets spread across cities, also it is one of the fastest growing financial service provider with 5 mega group companies under it. Open Account with Bonanza Get Exciting Offers. CompositEdge is a share broking company incorporated in in Bangalore and has large customer base in Karnataka. Companies brokerage plan is very unique.
Traders will be charged Rs 18 per executed order until first traders and afterwards the brokerage reduces to Rs Read full review of CompositEdge: RK Global started its retail broking business in at Kolkata for capital markets. RK Global offered the lowest brokerage at that time wit its Rs 9 per lot structure. With the increase in competition due to advent of discount brokers in , they changed the fee structure to Rs9 per executed order. It also has Rs monthly unlimited plan.
At present none of these online discount brokers feature among the largest stock broking companies of India such as ICICI Direct, Sharekhan and Kotak Securities. But they are growing at exponential rates and may catch up with full service brokers some day.
One thing common among all these discount share brokers is reduced brokerage fees. They are able keep the charges at lowest possible levels as they employ fewer employees, fewer products and no research and advisory teams. But you should also keep certain points in mind while selecting the discount share brokers. Also look out for the other points listed below. These plans may better suited for high frequency traders rather fixed pay per trade plans.
There will be other transaction fees associated with every stock brokers in India. These fees vary from broker to broker.
Always go with the share broker who displays brokerage calculator on their website, which is clearly sign of transparency. Check out the way your queries are answered. A good stock brokers should ideally create a service ticket for your query and see it closed to your satisfaction. Since discount brokers are most suitable for day traders, the cut off time on the exchange matters to a great extent.
A 10 minute extra time to close the position is very valuable. Some of the discount brokers like Tradejini have their own DP, which is an added advantage as there will be seamless transfer of funds between the accounts for trading as well as Investing..
This is one of the most important parameters to keep in mind as some of you may be trading from office and firewall may be blocking the broker site or you are not permitted to install software at your system without administrator privileges.
Speak with the brokers about this before opening the account. Get Interesting Posts, Updates about new Offers from Brokers and IPO alerts delivered to your Mailbox! Lowest Brokerage Best Platforms Monthly Plans 3-in-1 Accounts Account opening offers Zero AMC.
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