Discount Brokerage is very fast 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 Best Discount Share Brokers In India
Zerodha is one of fast growing Discount Brokerage firm in India, founded by Nithin Kamath in 2010,Who has more than 10 years of experience in the financial market. The company claims them selves India’s 1s Discount broker. Zerodha currently servicing more then 75000 customers in PAN India. Zerodha currently charging flat Rs. 20 per Trade or 0.01% whichever will lower.
Also Read: Account Opening Fee & Brokerage Of Zerodha
2. RKSV Securities:
RKSV Securities is a leading discount brokerage firms founded in year 2009 by the team of active trader of American & European Markets. In year 2011 – 2012 RKSV entered in to retail brokering with India’s first online-only unlimited trading plan. Now RKSV has more then 50,000 customer in PAN India. RKSV gives 5 free trades every month to their customers which is best for them who trades fewer times in a month.
3. Trade Smart Online:
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. VNS finance also provide full service brokering.
4. SAS online:
Incorporated in 1995. SAS online (South Asian Stock ltd.) is a leading discount stock brokerage firms. They offers brokerage services for stocks, future and options, commodities and currency trading. SAS online has started discount brokerage business in 2013 and currently they have 7000+ customer in PAN India. Like mostly discount brokerage firms they have 1 centralized office located in Delhi.
5. SAMCO Securities Ltd.
Incorporated in 1995. SAMCO (Formerly known as Samruddhi Stock Brokers Limited) Mumbai based India’s leading discount brokerage firm. With SAMCO you can trade in shares, commodities and currencies.
6. My Value Trade
MyValueTrade is a leading discount stock broker promoted by Master Capital Services Ltd. They are offering both brokerage plans per trade flat fee and unlimited monthly/yearly trading plans at a very low brokerage charge. Master Capital Services Ltd Incorporated in 1985 is a leading financial services provider in India with over 1.5 lakhs customers.
7. Tradejini Financial Service
Tradejini is a Bangalore based discount brokerage company Incorporated in 2012, They offers retail brokering services in equities, commodities and currencies.
8. R K Global
R K Global was founded in year 1995 New Delhi by by Shri Ramesh Kumar Bhagchandka, as a Bhagchandka group initiativeShri Ramesh Kumar Bhagchandka, as a Bhagchandka group initiative. R K global is a online discount brokerage company offers online trading services for equities, future and options, commodities and currency on NSE, BSE, NCDEX & MCX.
09. Trade Plus
Tradeplus online is a Chennai based discount brokerage company founded in 1983, After spending few initial years in Investment Services they got membership as a Equity broker on NSE in year 1995, In 1997 they become Depository Participant with NSDL, Equity Stock Brokers in BSE in 2010 & Commodity broker on MCX in year 2009. They offers retail brokering services in equities, commodities and currencies. Currently they are servicing more then 20,000 customer in PAN India.
10. Wisdom Capital
Wisdom capital was founded in 2013 by by Mrs. Sudeshna Mukherjee & Mr. Pralay Shankar Chakraborty. Wisdom Capital is a online discount brokerage company offers online trading services for equities, future and options, commodities and currency on NSE, BSE, NCDEX & MCX.