A discount broker is the one that executes your buy and sell of orders at lesser fees than the full-service brokers. However, they rarely offer detailed advisory or research call to specify the stock to buy. Such services are generally available with full-.service brokers. But the problem with these traditional brokers is related to high value of brokerage they charge as a commission. That limits the full service brokers to wealthy ones. Some people despite having keen interest in stock trading can not afford to pay heavy brokerages to the full time stock broking majors like ICICI Direct, HDFC Securities, Kotak Securities.
To provide ease in trading, the discount broking or flat fee was introduced as a brokerage by discount broker. There are number of discount brokerage firms prevalent these days. One can really enjoy the benefits of trading easily by opting the discount broker. Though extra services like personal investment advice, research, tax planning or robo-advisory etc isn’t there still they offer much better substitute form the same. Some of the trading platforms dispensed by the discount stock broker offer analytical features that support intelligent trading at user’s end. Moreover, there are multiple trading sites which post relevant stock market tips and guidance. And, today in the world of internet one can easily prepare oneself for anything. So, what is the need of paying those high brokerages which multiply with increase in trading size? Instead, go with the discounted stock trading that yields good profit on the cost of negligible paid amount.
Online discount stock brokers in India are more chosen these days as per the recently done survey. Their internet based techniques are admired by the big crowd in India. Brokerage companies started to provide their service online for years now. The trading platforms also play crucial role. One can have a soothing trading track if have chosen a better discount broker in India. With the help of trading terminals you can insert your own orders. They are desktop based, web based and you can also trade using mobile trading application on the go. The account opening is faster with online discount brokers and some discount brokers do not charge to sign up with them in order to initiate trading.