Full-service vs discount broker

Mon, 11 May 2026 00:00:00 +0000

A full-service broker in India is a SEBI-registered stockbroker that provides, in addition to trade execution, a bundle of ancillary services including equity research, investment advisory, portfolio management, physical branch support, and relationship management. A discount broker is a SEBI-registered stockbroker that provides primarily trade execution at a reduced fee, typically a flat charge per order rather than a percentage of trade value, without maintaining a large research or advisory infrastructure. The distinction is commercial and historical, not a separate regulatory category: both types of broker operate under the same SEBI (Stock Brokers) Regulations.

Broker Comparison India on WebNotes

Full-service vs discount broker