An authentic list of top discount brokers in India 2019 by the number of active clients. Zerodha is the top most stock broker among all the brokers. Zerodha is followed by discount brokers like 5paisa, upstox and Samco.
There are 3 top discount brokerage firms who have over 1 lakh active customers. The year wise list of top 5 discount stock brokers in India helps you find the big discount brokers.
The discount brokers (flat fee brokers or budget brokers) are online stock brokers offering low-cost brokerage services. They are technology driven brokers with low operations cost. Most discount brokers do not offer add-ons like research, advisory (trading tips), PMS, Wealth Management, dedicated relationship manager and local branch support. This allows them to offer trading at a very low brokerage charges.
The discount brokerage firms charge over 60% lower brokerage fees in comparison to full-service brokers. They offer free online trading software to all the customers.
The most popular discount brokers include Zerodha, 5paisa and upstox.
Most discount brokers including Zerodha and Upstox offer brokerage free equity delivery trading and direct mutual funds. For all other segments, they charge a flat rate brokerage i.e. Rs 20 per executed order irrespective to the size of the trade.
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There are 3 top discount brokerage firms who have over 1 lakh active customers. The year wise list of top 5 discount stock brokers in India helps you find the big discount brokers.
Top 5 Discount Brokers 2019
| Rank | Broker | Company Name | Number of Clients |
|---|---|---|---|
| 1 | Zerodha | ZERODHA BROKING LTD | 979,241 |
| 2 | Upstox | RKSV SECURITIES INDIA PVT LTD | 186,456 |
| 3 | 5paisa | 5PAISA CAPITAL LTD | 147,499 |
| 4 | Indiabulls | INDIABULLS VENTURES LTD | 44,170 |
| 5 | SAMCO | SAMCO SECURITIES LTD | 41,354 |
The discount brokers (flat fee brokers or budget brokers) are online stock brokers offering low-cost brokerage services. They are technology driven brokers with low operations cost. Most discount brokers do not offer add-ons like research, advisory (trading tips), PMS, Wealth Management, dedicated relationship manager and local branch support. This allows them to offer trading at a very low brokerage charges.
The discount brokerage firms charge over 60% lower brokerage fees in comparison to full-service brokers. They offer free online trading software to all the customers.
The most popular discount brokers include Zerodha, 5paisa and upstox.
Most discount brokers including Zerodha and Upstox offer brokerage free equity delivery trading and direct mutual funds. For all other segments, they charge a flat rate brokerage i.e. Rs 20 per executed order irrespective to the size of the trade.
Open your Demet account now
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