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Full-service brokers Vs discount brokers- What’s the difference? December 17 2020Full-service brokers, Discount brokers, Share mark

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Difference Between Discount Broker And Full-Service Broker In India

What is Full-service broker 

Full-service brokers provide you every possible assistance and information relevant for your trading purposes. You get the entire kit with a full-service broker. In simple words, someone else controls your investment portfolio for you, making a decision on your behalf. In the past, full-service brokers were the only choice and could cost a lot of money for each transaction. 

But today, full-service brokers cost a lot less. However, they also provide investment advice and guidance and handle your investments on your behalf. Expect to pay administration fees on the basis of how much money you have in your account. Generally speaking, full-service brokers charge between 1% and 2% of the assets under control. 

Another factor to bear in mind is that many full-service brokers need account minimal. For example- You may need $100,000 or $250,000 in assets if you choose to work with a full-service brokerage company. While some full-service brokers sell services to those with less assets, the relative costs may actually be higher. 

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What is Discount broker

Discount brokers give you the ability to do a lot of heavy lifting on your own. You have access to online trading platforms that allow you to make your own investment choices. They might also have useful tools, such as stock screeners, to help you determine what works best for you. As long as you know how to use the tools, you can be able to do very well on your own. 

Discount brokers offer minimal general guidance, but commissions are much lower. However, discount brokers provide very limited access and information which is not sufficient for a person to understand the vast market and its activities. 


When to consider a full-service broker. 

You might feel better about getting a specialist in charge of your portfolio. And there are several other advantages that could come with the use of a full-service broker. 

Here are some features that could make a full-service broker a better option for you: 

• You are dissatisfied with the thought of handling your own investments. For many people, the thought of investing is so frightening that they don't want to handle a portfolio. If you're going to be under a lot of tension, it would make sense to turn it over to the professionals.

You have little time to handle your portfolio. There's a reason so many rich and wealthy people don't handle their own investments. They haven't got the time. Being directly involved will take a lot of time. If you want to use your time for something other than fund management, a full-service brokerage service can be of great benefit. 

• You've got enough money to make it worth it. Some full-service brokers offer discounts if you have a certain amount of money.


When to look up to discount brokers

When you are comfortable with technology, prefer control and have a less amount of money to invest, you can opt for discount brokers. With a discount broker, you're going to have a lot of options and be in charge of what comes next. If that idea appeals to you—or you just need a cheap place to start building your portfolio—a discount broker may be the right option for you. Although discount brokers don’t provide a wide range of scope. 


Take away. 

Both of the brokers play a role in assisting the investors and potential service seekers. However Full-service brokers provide an edge over the discount brokers as they provide wide range of information and knowledge about how to pursue operations in the market with resulting into profits. 

Discount brokers can play a role for short term trading services but you can rely on full-service providers if you’re willing to stay in the market for a longer time. 

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3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.


  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost

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