Updated on September 30th,2017
With the increase in number of stock broker, people have a lot of stock brokers to choose from, but still it is not easy to choose. You need to be sure of what is that you want from the Brokers. Some pointers to keep in mind before deciding which broker would be a best fit for you are :-
1) Full service or discount broker: The main difference among them is full service broker would charge you brokerage as a percentage of your trade value(for ICICI it lies between .5% – .9%). while discount broker (Zerodha, Upstox) are much cheaper charging you based on per trade. Most of the discount brokers charges between Rs 15 to Rs 20 per trade irrespective of the trade volume. So if you are going to trade multiple times a month, go for a discount broker rather than a full service one. To understand there difference better, please have a look at the video below.