Brokerage is the fee charged by any broker for providing broking services and online brokerage is charged for online broking services. Discount brokers are the online stock brokers who offer extremely inexpensive online brokerage plans to both retail and institutional investors in India for using their online services.
Discount brokers do
not provide all the services provided by any traditional broker and hence they
charge a brokerage that is at a discount to what is charged by traditional
brokers. Usually charging price per trade is the norm.
SAS Online, Zerodha & RKSV are
pioneers in the online discount brokerage industry. A flat online brokerage may
also be charged for the services provided that can be substantially lower than
the amount charged by conventional brokers.
SAS Online provides trading
services at only Rs.9 per-trade coupled with an excellent proposal of providing
unlimited trading plan. As per their unlimited brokerage plan SAS Online offers
unlimited online trading in equity at just Rs.999 fixed pay per month.
