What do you think abt BSE brokers forum lobbying with sebi to increase brokerage charges for Investors?. They are trying to stifle Discount brokers see todays news on ET

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The BSE brokers can only lobby but at the end of the day they will have to change their business model. Now if u look majority of the retail investors almost 70% are in the mid 20’s and 30’s who are very aggressive and willing to learn new skills when it comes to stock market. So they will look at the trading cost first of any broker and will see whether its competitive than the other brokers. That is the main reason old guard are losing clients since their trading cost is very high which will ultimately result in erosion of their clients.