If you care a little to research to find out the best discount broker in India, you will see there are hundreds of discount brokers in the market with various facilities for their customers.
But the aspects mentioned in the question are the basic parameters to judge a suitable stock broker.
Today some big names in the discount broker category are Zerodha, SAS Online, Fyers, Traderjini, RKSV, etc. The first and foremost discount broker is Zerodha who introduced the unique model in India back in 2010. Today they are the largest and the fastest growing in India in the category with 6+ lakh clients and 5% of daily retail trading volumes across NSE, BSE, MCX.
They have made it possible for being able to have an edge over it’s competitors in respect of trading platform, good support, good data, report management, etc.
Brokerage:
Very low. For Intraday-0.01% or Rs 20/- whichever is lower per executed order and for Delivery-NIL brokerage. It’s unbelievable but true.
Trading Platform:
They have sleek, modern, intuitive trading tools built from scratch with ease of trading in mind with technology and innovation-first approach.
Kite: It is a slick, full fledged HTML5 trading platform with streaming market data, advanced charts, an elegant UI, and more. A client can enjoy the Kite experience seamlessly on Android and iOS devices.
Pi : Pi is the desktop trading application built by Tradelab. Facilities like trading, charting, scripting, and analysis, all rolled into a Windows desktop trading platform.
Advanced research and order placing facilities are available.
Coin : Zerodha Coin is a platform for buying mutual funds online, completely commission-free, directly from asset management companies.
Strong support team
They have 900+ strong Multilingual support team to answer queries of clients over phone and e-mail. Besides, they have set up a country wide network of partners to offer regional support. Till date they have 22 Branches, 94 Partner Offices and 6 support and Call & Trade Offices across the country.
Report management
- They have Q and Quant for providing various information regarding Tax, P&L, trade visualisations, holding periods and lot more.
- Operations are very easy with same login ID as Kite & Pi but different password sent via welcome email.
They are technologically advanced and they have introduced online account opening facility. One can easily open account online with PAN, Aadhar and Bank details at any time.
So, for obvious reasons Zerodha is one of the best discount brokers in India.