Full-Service Broker is a stock broker who offers add-ons like research reports, advisory and a relationship manager apart from helping you buy and sell shares. They also offers wide range of products including Mutual Funds, IPO, Debt, Insurance, Loans etc.
On the other side, a Discount Broker leverages technology to reduce the operation cost and offer low cost online brokerage services. Discount brokers do not offer most add-ons usually offered by a full service broker.
A full-service broker is good for following investors/traders:
Note that apart from the standard % based brokerage structure, most traditional brokerages also offer volume-based plans where the brokerage varies according to the size of transactions on a periodic basis. At higher turnovers, the brokerage can come down to as low as 0.05-0.15%.
Below is the list of top 10 full-service brokers in India based on number of active clients at NSE. Click on the name of broker to read the review of the broker and to know more about the services they offer.
|<< Year 2016||2017|
|Broker Name||Number of Clients|
Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade
Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
Flat Rs 20 Per Trade
Free Equity Delivery Trades
Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits
(* on online account opening)