Discount brokers or free brokers make money through spread ?

[Mishra_86]

In my knowledge - payment for order flow is not applicable for Indian brokers - it happens in USA but not for Indian brokers - Nithin from Zerodha said so in their forum - tradingqna.com - he said orders directly goes to NSE or BSE i.e. exchanges

And they might increase the brokerage for F&O trades

 

[Mishra_86]

In my knowledge - payment for order flow is not applicable for Indian brokers - it happens in USA but not for Indian brokers - Nithin from Zerodha said so in their forum - tradingqna.com - he said orders directly goes to NSE or BSE i.e. exchanges

Bro have you heard about shoonya broker they provide zero brokerage in all the segments

 

[ImogenBeaumont]

I am wondering discount brokers or particularly free brokers who don't charge commission - they make money through spread?

If you are not sure what spread is ..please search online...

https://www.brokerxplorer.com/article/which-is-better-commission-or-spread-3258
https://www.forexfactory.com/thread/169032-spread-vs-commission

Basically when you sell you will little less money than actual price in market and
vice versa for buying ..when you buy that will charge a little more like 5 paise more than actual price in market.

In USA - its very common for a broker to make money through spread - so wondering if this also used by some brokers like @Finvasia or @FLATTRADE

May be they are not transparent enough to disclose that ...How do we verify that they are not making money through spread (instead charging commission) @timepass @siyalikashyap @newtrader101 @bottrade @vsaran @godfather @neo.mx @Vmaster369 @iTrade

That depends on a lot of factors, there are spreads, and withdrawal fees, and based on the broker type some of them trade against you so, all of that and more hidden fees by some other brokers that we never end up knowing about.

 

[Verde]

Only the forex brokers

 

[Ravish Sinha]

Bro have you heard about shoonya broker they provide zero brokerage in all the segments

Yes, bro, I heard about shoonya

 

[Mani_Mahajan03]

Bro have you heard about shoonya broker they provide zero brokerage in all the segments

Yes, I have heard of it and am also using this broker.

 

[Mishra_86]

Yes, I have heard of it and am also using this broker.

Great choice monika