Discount Brokerage is very fastly growing in the India. Discount brokers are providing less number of services but they provide cheapest brokerage to their client with respect of the full service brokerage. Discount broker suitable for that client who does trades in high volume, they can reduce their brokerage charge as discount broker is charging very low brokerage or fixed brokerage.
Here is the List of the some leading Discount Broker in India
RKSV Securities is founded in year 2009 by the team of active trader of American & European Markets.
Zerodha is one of fast growing Discount Brokerage firm in India, founded by Nithin Kamath, Who has more than 10 years of experience in the financial market. Zerodha currently charging Rs. 20 per Trade or 0.01% whichever will lower
Trade Smart online is another Fast growing Discount broker is India which is promoting by VNS Finance Ltd. Founded by the Vijay Singhania in 1994.
Compositedge, a division of Composite Investments Pvt. Ltd., a brokerage firm of over 16 years standing
VPS Share is new Discount broker in India they have very lowest brokerage. The basic price is 0.01% / 0.1% or Rs. 10 per order whichever is lower for all segments (Equity, Commodity, F&O, and Currency)