Stock broker in India pre – 2010 where mainly full-service broker that is they charge for every trade you do and mostly the brokerage rate were high. They charged mostly as percentage of your trading and the percentage could be anywhere from .2 – .6 %. These rate are very high and if you are trading a lot or your volume are large, it make sense to look at other discount broker.
After 2010, discount broker have started to open up in India a in last 2-3 years, with better technology becoming common. These are good for traders who are comfortable with trading online and don’t mind not talking to a real person. These brokers generally charge fixed rate as brokerage irrespective of the value of the trade. So if you buy Rs 1 lakh share of RIL or 1 Crore, the rate is the same and in most case they charge a flat brokerage of Rs 20 per trade. This makes a major difference as if you are trading with a full service broker, you would have paid a brokerage of Rs 500 on a Rs 1 lakh trade.
The major players in discount broker in India are :
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Zerodha, The Free Trade Zone
A Bangalore based Flat Fee Share Trading Broker who charges Rs 20 per trader. Zerodha was the first company to introduce this brokerage model in India in June 2010. Click here to know more about Zeordha.
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RKSV Securities – The Dream Plan (Flat Rs 20 Per Trade)
RKSV is a Mumbai based popular discount broker famous for its cheapest Rs 3,999 / month plan which offer unlimited trading in cash and F&O segments. RKSV also have the Dream Plan offers trading at flat Rs 20 flat irrespective to the size of the trade or number of lots in a trade. Click here to know more about RKSV Securities.
Some other major discount brokers in India are SAS online, TradeSmartOnline and TraedPlusOnline. You can read more about the top 5 discount brokers in Indian here.
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i am interest to know about the discount stock brokers having their head office or branch in delhi
SAS online operates from Delhi.