9 Cheapest Low Cost Brokers To Open A Share Trading Account

Low cost brokers are also called discount brokers. They offer either a monthly flat fee, or offer brokerages per transaction. This means they do not offer you transaction on value basis.

For example, if you have bought shares worth Rs 1 lakh, and a broker charges you 0.25 per cent brokerage for delivery, you have to pay Rs 250. These brokers, however, charge per transaction, which means you could end-up paying Rs 10, 20 or a maximum Rs 30 as brokerage, which is very cheap. We have tried to get accurate rates, though may still differ. You need to talk to the respective brokers.

Here are 8 low cost brokers in India, which would help you save on brokerage charges.

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