I saw some price reduction. here is the updated one. Upstox has reduced futures to 210 and SAS has reduced futures to 220. Also for MCX now both Finavsia and Zerodha charge 260 equivalent to Samco so samco lost its importance for MCX. Also there are reduction in currency segment.
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going forward I see self clearing as the new normal.
Currently we have 4 brokers who don't charge for clearing Finvasia Prostocks IB and Zerodha
Self clearing is also going to act as an entry barrier for any new entrant into discount broking.
finvaisa with zero brokergae is at top cost wise but they are still struggling to provide a good enough web platform and scalpert still lacking.
Next we have Prostocks I did not see any phenomenal growth. Not sure how aggreasive they are gonna compete in future.They are advertising as a broker who don't do proritery trading which others lack so that is one plus for them.
IB is definitely good in many aspects thats the desi brokers cannot even compete.One negative is they do not have mcx.
Zerodha after going self clearing reduce that last pricing difference and made them super competitive.
Their mobile platforms and kite continues to improve.But their huge customer base becoming their own undoing ...probably the root cuase of platform issues and also option buying restriction on far strikes.
All rest don't have self clearing yet. That means they have to convince users to pay them more for other features/services. Only time will tell how they will compare in future.