Full-time brokers have been in the industry since its emergence. Even though discount brokers came onto the scene later, they have made a lasting impression and are becoming increasingly more influential. Today, there are some prominent stockbrokers who have outgrown many of the traditional stockbrokers across the country due to their quality services and the low brokerage charges they offer.
Outperforming the traditional brokers, they have come up with some excellent facilities for traders, and have subsequently gained market share at the expense of their more traditional counterparts.
Who are Stock Market Discount Brokers?
The needs of investors in India, as in the rest of the world, vary considerably. To cater to some of them, discount brokers have created a mark for themselves. Brokerage charges are generally high for a full-time stockbroker, also because they provide advisory services.
Discount brokers, on the other hand, do not provide such advisory benefits to traders. Their main objective is to offer the most effective online trading platform for their clients.
The brokerage charges levied are low for such discount brokers. Some of them even charge a fixed and flat rate, which does not change no matter how much or little business the trader does. Whether a trader had a busy or quiet month, how much he or she pays remains the same.
Get more details about Discount Brokers in India here – https://top10stockbroker.com/discount-brokers-review/
Top 3 Stock Market Discount Brokers in India
Discount brokers may be the new players in the marketplace. However, their contribution to the industry has been significant in helping traders operate more efficiently and successfully.
The best discount brokers are those whose services are relevant and useful to the majority of clients and prospects. A prospect is somebody who is likely to become a paying customer. Let’s have a look at the top three:
With a customer base so huge, Zerodha’s expertise is unbeatable, and improves every time it adds a new client to its database. Its existing customers are more than satisfied with the services they are getting. If you are on a quest to find a cheap yet top quality stockbroker, Zerodha would be it.
5Paisa is probably the cheapest stockbroker in the industry at the moment. They have all the financial services under their hood, and provide them in the best way possible. You will experience an entirely new world of investments where you will be provided with all the financial products, including insurance online. One of the prime advantages of online services is that they give the trader much greater autonomy.
This discount broker has many awards under its belt. It has a large and very diverse client base, i.e., it caters for many different types of clients.The firm’s organizational structure is unique and extremely effective. In 2017, it received the Broker of the Year award, which showcases how well it performs on an overall basis
Other Major Discount Brokers include Upstox, Indiabulls Ventures, SAMCO, SAS Online, and more.
Why are they the Best Stock Market Discount Brokers?
The above-mentioned stockbrokers are currently the best in the industry. We ranked them after carrying out extensive research based on statistical data. They all offer the following benefits for their clients:
- The lowest trade charges.
- They provide virtually everything investors require in the world of stock markets, as well as the most competitive prices in the marketplace.
- Even though they do not provide advisory services, they offer spectacular trading platforms, through which investors can place orders online.
- All the brokers provide call and trade facilities. You can even get in touch with them to help you place an order.
- They have the market’s best customer service and customer support, something most online clients expect today.
There is one Discount Broker which covers all these benefits. Find that Discount Broker here
Based on the top quality of these discount brokers, Zerodha, 5Paisa, and Angel Broking are the best in the industry. They have very good customer support structured for investors.
After reading this article, you should now be in a better position to find your ideal brokerage service. Good Luck!
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