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Discount brokers provide less number of services but at a much cheaper price. They offer no-frill services and specialized into few investment options. Discount brokers are good for 'do-it-yourself' kind of investors. While the services offered by them varies from broker to broker, many of the discount stock brokers do not provide services like stock research, investment in IPO's, Mutual Funds, FD's, Bonds and NCD's. They generally do not have their own research teams and thus do not provide wealth management related services. There are two sub categories of discount brokers in India by the way they charge the brokerage; Brokers charging Fixed Price per Trade and Brokers charging Fixed Monthly Fees for unlimited Trades. Below is the list of popular discount brokers in India:
| Broker | Stock Broker Fees | Brokerage Charges | Key Offerings | Ratings |
|---|---|---|---|---|
Special Offers Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. |
Charges Account Opening ChargeRs 200 Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 300 Minimum Brokerage0.03% in Intraday and F&O |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per executed order or .03% whichever is lower Equity FutureRs 20 per executed order or .03% whichever is lower Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order or .03% whichever is lower Currency OptionsRs 20 per executed order or .03% whichever is lower |
Key Offerings 3 in 1 Account 
Margin Trading Funding
NRI Share Trading Account 
Trading PlatformKite Web, Kite Mobile for Android/iOS and Coin
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Ratings Fees
 Brokerage
 Usability
 Customer Service
Overall
Rated By 462 Traders 
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Special Offers Brokerage free equity delivery trades, free tips and flat Rs 20 intraday and F&O trade brokerage. Open Instant Account and start trading today. |
Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 240 Minimum BrokerageEquity Rs 20 | F&O Rs 30 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per executed order Equity FutureRs 20 per executed order Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformAngel One App (Mobile), Angel Eye (Website), Angel Speedpro (Trading Terminal)
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Ratings Fees
Brokerage
 Usability
 Customer Service
 Overall
Rated By 261 Traders
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Charges Account Opening ChargeRs 300 Brokerage Account AMCRs 0 Demat Account AMCRs 300 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 Equity IntradayRs 15 (on profit trades only) Equity FutureRs 15 Equity OptionsRs 15 Currency FuturesRs 15 Currency OptionsRs 15 |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformStoxkart Pro, Stoxkart Classic, Stoxkart Desktop, Stoxkart Web
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Ratings Fees
 Brokerage
Usability
 Customer Service
Overall
Rated By 4 Traders
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Charges Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 0 Minimum BrokerageRs 20 or 0.05% per executed order |
Brokerage Equity DeliveryRs 20 per executed order or 0.05% whichever is lower Equity IntradayRs 20 per executed order or 0.05% whichever is lower Equity FutureRs 20 per executed order Equity OptionsRs 20 per executed order Currency FuturesNA Currency OptionsNA |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformGroww
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Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 64 Traders
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Special Offers Zero Account Opening Fee + brokerage-free Equity Delivery + Pay only when you profit in Intraday. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Espresso by Sharekhan and start trading today. |
Charges Account Opening ChargeRs 354 Brokerage Account AMCRs 0 Demat Account AMCRs 400 Minimum Brokerage0.03% in Intraday and F&O |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per executed order or .03% whichever is lowe Equity FutureRs 20 per executed order or .03% whichever is lowe Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order or .03% whichever is lowe Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformMobile, Web and Installable Trading Terminal
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 68 Traders
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Special Offers FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. |
Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 300 Minimum BrokerageRs 20 per trade |
Brokerage Equity DeliveryRs 20 per executed order Equity IntradayRs 20 per executed order Equity FutureRs 20 per executed order Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading Platform5paisa Trade Station (Web, Mobile App and EXE)
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Ratings Fees
Brokerage
 Usability
 Customer Service
Overall
Rated By 92 Traders
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Special Offers FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today. |
Charges Account Opening ChargeRs 249 Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 0 (Free) Minimum Brokerage0.05% |
Brokerage Equity DeliveryRs 20 per executed order or 2.5% whichever is low Equity IntradayRs 20 per executed order or 0.05% whichever is lower Equity FutureRs 20 per executed order or 0.05% whichever is lower Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order or 0.05% whichever is lower Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
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Ratings Fees
Brokerage
Usability
 Customer Service
 Overall
Rated By 131 Traders
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Special Offers Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today. |
Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 400 Minimum Brokerage0.2% per executed order for Equity Delivery and 0.02% per executed order for all other segments |
Brokerage Equity DeliveryRs 20 per trade or 0.20% (whichever is lower) Equity IntradayRs 20 per trade or 0.02% (whichever is lower) Equity FutureRs 20 per trade or 0.02% (whichever is lower) Equity OptionsRs 20 per trade or 0.02% (whichever is lower) Currency FuturesRs 20 per trade or 0.02% (whichever is lower) Currency OptionsRs 20 per trade or 0.02% (whichever is lower) |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformStockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star
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Ratings Fees
 Brokerage
Usability
Customer Service
 Overall
Rated By 23 Traders
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Special Offers Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer |
Charges Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 250 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per trade or 0.03% (whichever is lower) Equity FutureRs 20 per trade or 0.03% (whichever is lower) Equity OptionsRs 20 per executed order Currency FuturesRs 20 per trade or 0.01% (whichever is lower) Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformTradingo, Justrade
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Ratings Fees
 Brokerage
 Usability
Customer Service
Overall
Rated By 6 Traders
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Special Offers Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. |
Charges Account Opening ChargeRs 200 Brokerage Account AMCRs 0 Demat Account AMCRs 300 Minimum BrokerageRs 15 per executed order |
Brokerage Equity DeliveryRs 15 per order Equity IntradayRs 15 per order Equity FutureRs 15 per order Equity OptionsRs 15 per order Currency FuturesRs 15 per order Currency OptionsRs 15 per order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNEST, NOW, Spin
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Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 67 Traders
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Special Offers Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today. |
Charges Account Opening ChargeRs 200 Brokerage Account AMCRs 0 Demat Account AMCRs 200 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 Equity IntradayRs 0 Equity FutureRs 0 Equity OptionsRs 0 Currency FuturesNA Currency OptionsNA |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST)
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Ratings Fees
 Brokerage
Usability
Customer Service
 Overall
Rated By 79 Traders
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Charges Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 0 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayNA Equity FutureRs 799 per month (unlimited trading) Equity OptionsRs 99 per month (unlimited trading) Currency FuturesRs 99 per month (unlimited trading) Currency OptionsRs 99 per month (unlimited trading) |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformINFINI, NSE NOW
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 37 Traders
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Charges Account Opening ChargeRs 300 Brokerage Account AMCRs 0 Demat Account AMCRs 300 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 20 per executed order or 0.10% whichever is lower Equity IntradayRs 20 per executed order or .01% whichever is lower Equity FutureRs 20 per executed order or .01% whichever is lower Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order or .01% whichever is lower Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOMNESYS NEST, NSE NOW
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 9 Traders
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Special Offers Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today. |
Charges Account Opening ChargeRs 150 Brokerage Account AMCRs 0 Demat Account AMCRs 400 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 15 per order or 0.01% whichever is lower Equity FutureRs 15 per order or 0.01% whichever is lower Equity OptionsRs 15 per order Currency FuturesRs 15 per order or 0.01% whichever is lower Currency OptionsRs 15 per order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformFront End: ANT | Back End: Omnesys NEST
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 37 Traders
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Special Offers Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. |
Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 300 Minimum BrokerageIntra-day: Rs 7 or 2.5% whichever is lower |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per executed order or .03% whichever is lower Equity FutureRs 20 per executed order or .03% whichever is lower Equity OptionsRs 20 per executed order Currency FuturesRs 20 per executed order or .03% whichever is lower Currency OptionsRs 20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformFyers One (In-house build)
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 30 Traders
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Special Offers Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today. |
Charges Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 0 (Lifetime Zero AMC) Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 15 per executed order Equity FutureRs 15 per executed order Equity OptionsRs 15 per executed order Currency FuturesRs 15 per executed order Currency OptionsRs 15 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 38 Traders
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Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 0 for lifetime (Free) Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 9 per executed order Equity IntradayRs 9 per executed order Equity FutureRs 9 per executed order Equity OptionsRs 9 per executed order Currency FuturesRs 9 per executed order Currency OptionsRs 9 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformRMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 5 Traders
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Charges Account Opening ChargeNil Brokerage Account AMCNil Demat Account AMCZero AMC with one time Rs 876 fee Minimum BrokerageRs 18 per executed order |
Brokerage Equity DeliveryRs 18 per executed order Equity IntradayRs 18 per executed order Equity FutureRs 18 per executed order Equity OptionsRs 18 per executed order Currency FuturesRs 18 per executed order Currency OptionsRs 18 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNSE Now, ODIN (My Armour)
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 2 Traders
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Special Offers Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!. |
Charges Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 899 per year Demat Account AMCRs 199 (Free for 1st year) Minimum BrokerageRs 5 for Equity Delivery & Intraday |
Brokerage Equity Delivery0.10% Equity IntradayRs 17 per order Equity FutureRs 17 per order Equity OptionsRs 17 per order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformBFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website)
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 14 Traders
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Charges Account Opening ChargeRs 150 Brokerage Account AMCNil Demat Account AMCRs 400 Minimum BrokerageRs 15 |
Brokerage Equity DeliveryRs 15 Equity IntradayRs 15 Equity FutureRs 15 Equity OptionsRs 15 Currency FuturesRs 15 Currency OptionsRs 15 |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNOW Online, NOW Trader
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Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 5 Traders
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Special Offers Pay flat ₹15 per trade brokerage for Delivery, Intra-day and F&O trades. Get the offer |
Charges Account Opening ChargeRs 200 Brokerage Account AMCRs 300 (Annual Platform Fees) Demat Account AMCRs 0 (Free) |
Brokerage Equity DeliveryRs 15 per executed order or 2.5% whichever is low Equity IntradayRs 15 per executed order or 0.05% whichever is low Equity FutureRs 15 per executed order or 0.02% whichever is low Equity OptionsRs 15 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformPaytm Money mobile app, Paytm Money website
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Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 39 Traders
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30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
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