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Lowest Brokerage Charges: Full-Service vs Discount Brokers in India Explained

Written by Jainam Resources resources.jainam

Last Updated on: July 4, 2025

Lowest Brokerage charges

Introduction

Investors in India often compare full-service brokers and discount brokers to find the best value. With the rise of online trading, users frequently search for a demat account with lowest brokerage or the cheapest broker in India to reduce costs. When trading stocks and derivatives, one of the biggest costs can be brokerage fees

In recent years, many discount brokers in India have emerged, offering very low or even zero brokerage. This blog explains the key differences between full-service and discount brokers, and guides you on finding brokers with the lowest brokerage charges.

What Are Brokerage Charges?

Brokerage charges are the fees you pay to your stockbroker when you buy or sell shares. These charges vary based on the type of broker you choose, full-service or discount, and the type of trade you place, such as intraday, delivery, or derivatives like F&O.

There are two main types of brokerage models in India:

  • Percentage-based: You pay a percentage of your total trade value.
  • Flat fee: You pay a fixed charge per trade, regardless of trade size.

If you’re looking to save money, you should compare the lowest brokerage charges offered by different brokers and match them with your trading volume.

Full-Service Brokers in India: What They Offer and What You Pay For

Full-service brokers are traditional brokerage firms that offer a wide range of services. These include research reports, investment advice, portfolio management, offline branch support, and relationship managers. While they provide value-added services, they usually charge higher fees.

Most full-service brokers follow a percentage-based model, where brokerage charges depend on the trade value. For example, if you place a ₹1,00,000 trade and the broker charges 0.5%, you will pay ₹500 in brokerage alone.

This model can be expensive for frequent traders. If you trade regularly or in high volumes, it’s better to compare these fees with brokers offering the lowest brokerage charges.

At Jainam Broking Ltd., we offer competitive rates while still providing expert support and research, giving you the best of both worlds.

Benefits of Full-Service Brokers:

  • Personal advisory and research insights
  • Offline support and local branches
  • Suitable for investors who want hand-holding

Drawbacks:

  • Higher costs due to percentage-based brokerage
  • May not suit active or intraday traders

If your priority is low cost and frequent trading, you may want to explore discount brokers in India who offer the lowest brokerage charges.

Also Read: How to open Demat Account in India?

Discount Brokers: India’s Go-To for Lowest Brokerage Charges

Over the past decade, discount brokers in India have become extremely popular among traders—especially those looking for lowest brokerage charges. These brokers focus on offering only the essential trading services like order execution, and charge a flat fee per trade, regardless of the trade amount.

The typical brokerage fee is as low as ₹20 per trade or even zero in some cases. This model helps active traders and investors save big, especially in segments like intraday and F&O. Most discount brokers also offer free equity delivery, making them a strong choice for long-term investors.

Benefits of Discount Brokers:

  • Flat brokerage charges: Pay the same, whether your trade is ₹1,000 or ₹1,00,000
  • Online platforms: Fast, easy-to-use, mobile-friendly apps
  • Transparency: No hidden charges
  • Best for: Intraday traders, F&O traders, and cost-conscious investors

Popular Discount Brokers in India:

  • Zerodha
  • Upstox
  • Angel One (new discount model)
  • Jainam Broking Ltd. – A trusted name offering both research and lowest brokerage charges in India

Many discount brokers also offer Zero brokerage platform, especially for equity delivery, making them the cheapest demat account in India for retail traders.

Full-Service vs Discount Brokers: Side-by-Side Comparison

When choosing a broker, one of the biggest decisions is between full-service and discount brokers. To make the right choice, you need to compare their offerings, pricing, and your own trading needs.

Here’s a simple comparison to help you decide:

Full-Service vs Discount Brokers

If you want to minimize your trading cost, choose a broker that offers the lowest brokerage charges in India. If you value advisory and don’t mind paying more, full-service brokers may suit you. But for most traders today, discount brokers in India strike the right balance between cost and convenience.

Jainam Broking Ltd. gives you the best of both—affordable pricing and reliable support.

Segment-wise Comparison: Delivery, Intraday, and F&O Charges

Different segments in stock trading attract different brokerage rates. Whether you’re trading equity delivery, intraday, or futures and options (F&O), comparing the lowest brokerage charges across brokers is essential to save on costs.

Equity Delivery

This is for long-term investors. Many discount brokers in India offer zero brokerage for delivery trades.

  • Full-service brokers: Usually charge 0.3% – 0.5% per trade
  • Discount brokers: ₹0 or a flat ₹20 per order
  • Best for: Long-term investors looking for the lowest brokerage demat account in India

Intraday Trading

This involves buying and selling shares on the same day. Frequent trades = higher charges if you’re not careful.

  • Full-service brokers: Charge 0.03% to 0.05% per trade
  • Discount brokers: Flat ₹20 or less offering lowest brokerage trading account options
  • Best for: Traders who value fast execution and low costs

Futures & Options (F&O)

F&O trades can get expensive without the right broker.

  • Full-service brokers: High costs with added transaction charges
  • Discount brokers: Offer lowest brokerage charges for F&O, as low as ₹20 per executed order
  • Best for: Experienced traders seeking the cheapest broker in India for derivatives

With Jainam Broking Ltd., you can enjoy lowest brokerage charges across segments, making it easier to trade smart and cost-effectively.

How to Choose the Right Broker for Your Needs

Choosing the right broker isn’t just about the lowest brokerage charges—it’s about what works best for your trading style, goals, and comfort level. Here’s how to decide:

1. Identify Your Trading Style

  • Are you a long-term investor?
    Then look for a zero brokerage Demat Account for equity delivery. Many discount brokers in India offer this feature.
  • Do you trade daily or weekly?
    You’ll need a lowest brokerage trading account that charges flat or minimal rates on intraday and F&O trades.

2. Check Brokerage Plans

Always compare the pricing across full-service and discount brokers. Look beyond just ads that say “free trading”—check for hidden charges, taxes, and transaction fees. Jainam Broking Ltd. offers complete transparency with some of the lowest brokerage charges in India.

3. Platform & Ease of Use

A fast, reliable trading platform can make or break your trading experience. Make sure the broker provides a good web and mobile app with real-time data and smooth order placement like Jainam Broking Ltd.

4. Research & Support

If you’re new to investing, you may want a broker who offers market research and customer support. While discount brokers may lack advisory services, brokers like Jainam Broking Ltd. provide Research, advisory, RM, and offline support. 

5. Read User Reviews

Check what other users are saying. Reliability, service speed, and ease of fund withdrawal all matter.

Check our Latest Blog on How to transfer money from demat account to bank account?

Tips to Reduce Your Brokerage Costs Even Further

Even if you’ve chosen a broker with the lowest brokerage charges, there are still ways to cut down your trading costs. Here are some practical tips:

1. Avoid Overtrading

Every trade, even with a low fee, adds up. Trade only when necessary. This helps you save brokerage and also avoid emotional or impulse trading.

2. Choose a Flat-Fee Broker

Go with discount brokers in India who charge a flat ₹20 or less per order. Some even offer a zero brokerage platform for equity delivery.

3. Use Brokerage Calculators

Use a brokerage calculator before placing a trade to estimate costs. This helps you plan better and avoid unexpected charges.

4. Pick the Right Segment

If you’re just starting, equity delivery may be more suitable. F&O trades may carry higher transaction fees even if your broker offers the lowest brokerage charges.

5. Consolidate Trades

Instead of placing multiple small trades, try to place a single large trade if your broker uses a flat-fee model. This keeps your cost per trade low.

6. Track Offers & Promotions

Some brokers, including Jainam Broking Ltd., offer special deals and seasonal offers on lowest brokerage trading account packages. Keep an eye out.

How to Choose the Right Broker

By applying these strategies, even experienced traders can make the most out of lowest brokerage charges in India and maximize profits.

Open your Demat Account with The Best Discount Broker in India

At Jainam Broking Ltd. we provide a reliable and low-cost trading platform. From lowest brokerage charges to zero delivery fees, we deliver maximum value with minimal cost. Though we’re a discount broker, we also offer Research, advisory, RM, and offline support. Whether you’re into equities or derivatives, Jainam’s flat fees, advisory and powerful tools offer a winning combo.

Ready to save on every trade? Open your demat account today!

Frequently Asked Questions

Is a low brokerage stock broker suitable for beginners?

Yes, low brokerage stock brokers are ideal for beginners. They help reduce trading costs, allowing new investors to start small and learn without high fees eating into profits. Look for discount brokers in India offering simple platforms and educational tools.

Which demat account has the lowest charges in India?

Several brokers offer lowest demat account charges in India, including platforms like Zerodha, Upstox, and Groww. However, Jainam Broking Ltd offers the lowest brokerage charges. Also, it’s important to compare demat account with lowest brokerage, AMC (Annual Maintenance Charges), and transaction fees before choosing.

What are discount brokers and how are they different?

Discount brokers provide essential trading services at a much lower cost than traditional brokers. They usually charge lowest brokerage charges for trades but offer limited advisory or research support. Ideal for self-directed investors, especially in the F&O segment.

Can I open a demat account with lowest brokerage online?

Absolutely. Most of the cheapest brokers in India allow online account opening. You can compare and select brokers offering lowest brokerage charges in India through paperless KYC processes and easy onboarding steps.

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