I follow the brokerage industry very closely. Recently I came across a radical change in the India brokerage industry. This has drastically changed the trading habits of many traders and has brought down the brokerage cost significantly. In this article I will explain about how new breeds of broker are taking the traditional brokers head on and how the broking industry in India is heading for a change. Types of ‘Retail Brokers’ in Indian Stock Market As stock market investors we all use brokers on a regular basis. These brokers are registered members of the stock exchange and regulated by SEBI.