The discount based stockbrokers have to provide several services and solutions to the investors so that they can invest efficiently in different market securities. Basically, they act as an intermediary in the process of investment and make the whole process very easy. Discount brokers provide Limited services but when all such services are combined with low process rates charged by them, then it proves to be highly beneficial for the small investors. One can open the lowest brokerage trading account with the help of such brokers.
There are many discount brokerage companies in India and some of them are mentioned as follows:
- Upstox: This is a leading and very popular discount brokerage firm in India. The company is well known for providing the best quality solutions and services to the investors. The company also provides paperless trading which adds to the convenience of the individual. Another great advantage of the company is that it also provides an online-based trading platform through which the individuals can deal in various securities. This firm also provides a flat rate basis for charging the individuals which are Rs.20.
- Pro stocks: This is another highly popular discount brokerage firm in India and provides various tools and services to the individual investors so that they can make the process of investment problem-free. The individual can use this online-based trading platform to trade in different securities like commodities and shares. The individuals can also indulge in intraday-based trading through this trading platform. The individual can go with the option of monthly or yearly plans depending upon his or her requirements.
- Tradingbells: This is a new firm in comparison to all other firms in India and provides both web-based and application-based trading platforms. The individual can deal with all the securities with the help of a trading platform supported by this company. This company also provides a feature of three in one account and also provides various other investment-related services like customized advisory-based services and creation of portfolios.
- Wisdom capital: This Company is well known for providing the lowest brokerage trading account. The company also provides various invest investment plans and the best one is the freedom plan under which there is no requirement to pay brokerage from the individual’s end which in simple terms means that it involves zero brokerage. One can invest in different securities that are traded on NSE and BSE. The amount of brokerage per transaction charged by this company is very much reasonable in comparison to all other firms in the sector.
- Tradejini: This is another leading brokerage company in India and is based in Bangalore. This company provides a single-based trading platform through which individuals can make investments in different securities. The company provides services and charges the rate of 0.1% of the transaction value of Rs.20 per transaction whichever is lower. The company also provides a mobile-based trading platform that can be very easily used by individuals to invest in different securities.
All these discount brokerage companies provide the best quality professional services to the investors so that they can make profitable investments.