Discount broker
Trading & ordersA broker offering execution with little or no research or advisory, typically at zero delivery brokerage and a low flat charge per intraday or F&O order.
In plain terms
A ₹20 saving per order is irrelevant if the app freezes on the day the NIFTY moves 3%. DP charges, annual maintenance and square-off penalties are where a zero-brokerage broker actually earns.