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Compare Online Brokers\n-------------------------------\nFinding a right stock broker that suits your needs can be a challenging task. Our tools help investors and traders finding the ideal stock broker that fulfills all their needs from a large pool of traditional and discount stock brokers. \nWe help you compare and review brokerage charges, turnover charges, annual maintenance charges, trading terminals, mobile apps, margins and other important things.

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types of stock brokers

Types of stock brokers

A stockbroker is licensed and regulated financial firm that facilitates buying and selling

transactions in various financial instruments- stocks, derivatives, bonds, and IPOs for both retail

and institutional investors. Basically, All financial market transactions have to be executed

through a broker and they charge commission or brokerage charge for their services.

There are two main types of stock brokers exist.

Traditional Brokers

Discount Brokers

The Discount Brokers usually charge much less, while full-service broker or traditional

broker can be very expensive but provides customized service. We advise investors and traders

to go through both discount and traditional brokers and get awareness of each of these types of

brokers before opening an account.

Here is the brief explanation that can help you in understanding the types of stock brokers.

traditional brokers traditional stock b rokers

Traditional Brokers

Traditional stock brokers or full-service stock brokers offer a wide array of services and

products, including financial and retirement planning, investing and tax advice, regular portfolio

updates and also offer margins to purchase investment products on credit which will be

subjected to necessary terms and conditions.

Since traditional brokers offer personalized investment or trading recommendations and services,

brokerages charges can be expensive. Take a look at some of the leading Traditional

Brokerage firms that let customers invest and trade in stocks, futures, options, currencies,

bonds in the Indian Stock Market.

Traditional

Brokers

HDFC

ICICI Securities

Securities

Share Khan

Axis Securities

Angel Broking

Ratings

A/C Opening

Rs.975

Rs.999

Rs.750

Rs.900

Rs.600

Charges

Demat AMC

Rs.450

Rs.750

Rs.400

Rs.500

Rs.300

Charges

Equity

0.3% - 0.5%

0.2% - 0.4%

0.25% - 0.5%

0.1% - 0.3%

0.25% - 0.5%

Delivery

Equity

0.025% - 0.05% 0.03% - 0.05% 0.02% - 0.04%

0.025% - 0.05%

0.01% - 0.03%

Intraday

Equity &

0.03% - 0.05% 0.03% - 0.05% 0.02% - 0.04%

0.025% - 0.05%

0.01% - 0.03%

Currency

Futures

Equity &

Rs.65-Rs.90 per

lot

Rs.50 - Rs 100

lot

Rs.20 - Rs.50 per

lot

Rs.50 - Rs.100

per lot

Rs.20 - Rs.50 per

lot

Currency

Options

NA

NA

0.02% - 0.04%

NA

0.01% - 0.03%

Commodities

Detailed

Review

Detailed Review

Detailed Review

Detailed Review

Detailed Review

Discount Brokers

Discount stock brokers or online stock brokers usually allow clients to trade on their own with

little or no interaction with a live broker. Discount brokers could be a better choice for the fee-

conscious investor who prefers to do it by themselves. These brokerages will generally not offer

investment advice although it s common

investment advice, although it’s common for a discount brokerage to offer free research and

educational tools to help you make better-investing decisions.

Since discount brokers offer fewer services and/or support, brokerages often come with lower

fees than a traditional brokerage firm. Take a look at some of the leading Discount Brokerage

firms and their brokerage charges, account opening charges and annual maintenance charges.

Fyers

Upstox

Zerodha

5Paisa

Discount

Brokers

Samco

Ratings

A/C Opening

Charges

Rs.300

Rs.150

Nil

Rs.650

Nil

Demat AMC

Charges

Rs.300

Rs.150

Rs.400

0.2% or

Rs.20 per

Executed

Order

0.02% or

Rs.20 per

Executed

Order

0.02% or

Rs.20 per

Executed

Order

Rs.400

Rs.400

0.1% or

Rs.20 per

Executed

Order

0.01% or

Rs.20 per

Executed

Order

0.01% or

Rs.20 per

Executed

Order

Rs.10 per

Executed

Order

Equity Delivery

Nil

Nil

0.01% or

Rs.20 per

Executed

Order

0.01% or

Rs.20 per

Executed

Order

Rs.10 per

Executed

Order

0.01% or Rs.20 per

Executed Order

Equity Intraday

Rs.10 per

Executed

Order

Equity &

Currency Futures

0.01% or Rs.20 per

Executed Order

Equity &

Currency

Options

Rs.20 per

Executed

Order

0.01% or

Rs.20 per

Executed

Order

Detailed

Review

Rs.20 per

Executed

Order

0.02% or

Rs.20 per

Executed

Order

Detailed

Review

Rs.10 per

Executed

Order

Rs.20 per

Executed

Order

0.01% or

Rs.20 per

Executed

Order

Detailed

Review

Rs.20 per Executed

Order

Rs.10 per

Executed

Order

Detailed

Review

0.01% or Rs.20 per

Executed Order

Commodities

Detailed Review