https://v2.webnotes.in/tags/stockbroking/Recent content in Stockbroking on WebNotesHugoen-INMon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/discount-brokers-india/Mon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/discount-brokers-india/<p>A <strong>discount broker</strong> in India is a SEBI-registered stockbroker that charges a flat fee per executed order (typically Rs 20 or zero) rather than a percentage of turnover, and serves clients primarily through digital platforms (web and mobile apps) without research advisory, branch networks, or relationship managers. The discount-broker category was pioneered in India by <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> in 2010 when <a href="https://v2.webnotes.in/nithin-kamath/">Nithin Kamath</a> and <a href="https://v2.webnotes.in/nikhil-kamath/">Nikhil Kamath</a> pivoted the firm from a percentage-commission model to a flat Rs 20 per executed order, undercutting the prevailing percentage-of-turnover commissions of the incumbent full-service brokers by an order of magnitude on typical retail trade sizes.</p>