About Discount Brokers –
Discount Brokers are a new segment of stock brokers emerging very fast in this industry. These companies are growing fast as they are offering trading services at a very low brokerage fees. USP of Discount Brokers is Low Brokerage charge. Digital Trading has helped these new breed of companies to grow at a very fast rate. Discount brokers don’t provide any service unlike their full service counter parts other than trading service like buying & selling of stocks. Some of the renowned discount stock brokers are Zerodha, RKSV, SAS Online etc.
Major Benefits of Discount Brokers –
- Low Brokerage – This is the major USP on discount broker. Low brokerage means high revenue for the client & hence, these brokers are able to grow fast in a highly competitive market against highly experienced brokers.
- Practice Online – These brokers are changing the mind-set of clients that they can do trading online & it is now a risk free mechanism of trading.
- Beneficial for Volume and Frequent Traders – Now Frequent traders have option to avoid paying high brokerage. They can now get away from confusing stock tips coming from brokers & use their own gut feel & expertise in this industry.
Now let’s have a brief Review of Discount Brokers –
Zerodha is India’s first and largest discount broker which has been active since 2009. Here is a comprehensive review of this discount broker, as well as its products, offerings and services. Started in 2009, Zerodha is officially recognized as India’s first and most prominent discount broker. It was founded by Nithin Kamath who had worked as a stock trader before starting his own broking house. Read More
Set up in 2011, this discount brokerage organisation was founded by three young men – Ravi Kumar, Raghu Kumar and Shrini Vishwanath. It offers trading of stocks, futures, options, currencies and commodities on all the recognized Indian stock exchanges i.e. BSE, NSE, MCX and MCX-SX. For trading in commodities exchnages, RKSV has set up a separate legal entity which is like its sister concern. Read More
SAS Online commenced its operations in April 2013 and had merely 3 people on board – Shrey Jain, Siddhant Jain and Anubha. The organisation is said to have speedy and far reach since its very first year. The key for this vast network was their referral policy. This entity does an average turnover of INR 6,000 Crores. In 2015, it won NSDL Best Performer Award 2015-Rising DP’s for best DEMAT service provider. Read More