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Flat fee brokers and discount brokers both come under the same category – low fee brokers. They both have fix maximum brokerage. Flat fee brokers charge fix brokerage irrespective of quantity. 5paisa- Rs 10 flat fee, Prostocks – Rs 15 flat fee and so on. In flat fee, if you buy 1 share or 1,00,000 shares – broker will charge you the fix brokerage. Where discount brokers like Zerodha,Upstox, SAMCO have both % and maximum brokerage. Zerodha and Upstox charge .01% or Rs 20 whichever is minimum for equity intraday trades. In such case, if you buy 1 share and have brokerage less then Rs 20 then you don’t have to pay higher brokerage.
Discount brokers are worth when you are doing trades in penny stocks and don’t have huge volume. However, for high volume traders, discount brokers or flat fee broker doesn't make any big difference.
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Zerodha Free Demat Account
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Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (₹650)
Trade at Flat ₹20 per Trade
Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
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