Best Share Brokers for Cheap Trading in India

Posted on 14th Jul 2015
by team

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Best Share Brokers for Cheap Trading in India - 2016

I have personally observed when it come to services, most of the traders would like to go with money saving services. Like in airlines tickets, passengers look for cheap fare for short journeys without caring much about quality service.

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Same concept is also getting popular with discount share brokers in India, where investors are getting services at low cost. In Indian trading environment, it's very rare where investors are using complete services provided by full service brokers. So if you are not using all the services like research and so on, then why to pay high brokerage?

For this review, we are not only looking for the lowest broker commissions for trading, but we also focused on brokers that were easy to use and had minimum account opening fee and demat charges. Our top broker recommendations for best share brokers for cheap trading in India - 2016 are below:

  1. Zerodha: Incorporated in 2009, with approx. 50,000 clients Zerodha is the largest discount broker in India. They have great customer service with competitive brokerage Rs 20 per trade and free delivery trade. Read and follow more details about Zerodha Review.
  2. Upstox(RKSV): Mumbai based discount broker is giving competitive brokerage at Rs 20 per trade and free trading on equity delivery trades. Read and follow more details about Upstox(RKSV) Review.
  3. Prostocks: Mumbai based discount broker offering brokerage at Rs 15 per trade, Monthly Unlimited trading in Rs 899, Yearly unlimited trading in Rs 8999. Read and follow more details about Prostocks Review.
  4. SAMCO: Rs 20 Per trade plan.Read and follow more details about SAMCO Review.
  5. SAS Online : Bangalore based discount broker is giving competitive brokerage (Rs 9 per trade).Read and follow more details about SAS Online Review.
  6. RKGlobal : Rs 9 per trade plan. Read and follow more details about RKGLOBAL Review.
  7. Tradejini : Rs 20 per trade plan.Read and follow more details about Traderjini Review.
  8. Compositedge : Rs 20 per trade Plan. Read and follow more details about Compositedge Review.
  9. MyValueTrade : Rs 10 Per trade plan.Read and follow more details about My Value Trade Review.
  10. TradeSmartOnline: Rs 15 Per trade plan.Read and follow more details about Trade Smart Online Review.

Straight forward pricing structure: Discount Brokers' pricing structure is very simple, compared to traditional or full service brokers. Everyone pays the same brokerage either they buy 1 share or 1000 shares. Making the price clear and easy to understand is part of making it easy to adopt. Discount Brokers are trying to get more business from word of mouth publicity rather than high cost advertisement and media research.

Never skimping on quality - It would be a mistake to think that low cost share brokers skimp on quality of service, Software quality, Speed of trade and customer support is as competitive as full service brokers.

Here at we update our website daily to ensure you are getting the best deal possible for your new account.

Before choosing a broker for cheap trading, make sure to read their full broker review and compare them side by side to determine the best share broker for you.


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User Comments

1. sandy  Apr 19, 2016 11:59:38 AM IST Reply
Zerodha is cheaper broker in India. Zerodha charged only Rs.10/- brokrage for 1-lakh intraday transaction.
Future & Option he will charge flat 20/- per transaction and no hidden charges.

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