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 Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer |
Charges Account Opening Charge₹200 Brokerage Account AMC₹0 (Free) Demat Account AMC₹300 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹20 per executed order or .01% whichever is lower Equity Future₹20 per executed order or .01% whichever is lower Equity Options₹20 per executed order or .01% whichever is lower Currency Futures₹20 per executed order or .01% whichever is lower Currency Options₹20 per executed order or .01% whichever is lower |
Key Offerings 3 in 1 Account 
Margin Trading Funding
NRI Share Trading Account 
Trading PlatformKite Web, Kite Android/iOS, Pi, Coin, Kite mobile
|
Ratings Fees
 Brokerage
 Usability
 Customer Service
 Overall
Rated By 357 Traders 
|
Special Offers FREE Account Opening (₹650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat ₹10 per order. Get the offer |
Charges Account Opening Charge₹650 Brokerage Account AMC₹0 (Free) Demat Account AMC₹400 Minimum Brokerage₹10 per trade |
Brokerage Equity Delivery₹10 per executed order Equity Intraday₹10 per executed order Equity Future₹10 per executed order Equity Options₹10 per executed order Currency Futures₹10 per executed order Currency Options₹10 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading Platform5paisa Trade Station
|
Ratings Fees
 Brokerage
 Usability
 Customer Service
Overall
Rated By 54 Traders
|
Special Offers FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer |
Charges Account Opening Charge₹150 (Eq and F&O), ₹150 (MCX) Brokerage Account AMC₹0 Demat Account AMC₹150 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹20 per executed order Equity Future₹20 per executed order Equity Options₹20 per executed order Currency Futures₹20 per executed order Currency Options₹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
|
Ratings Fees
Brokerage
 Usability
 Customer Service
 Overall
Rated By 59 Traders
|
|
Charges Account Opening Charge₹555 Brokerage Account AMCNil Demat Account AMC₹400 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹10 per executed order Equity Intraday₹10 per executed order Equity Future₹10 per executed order Equity Options₹10 per executed order Currency Futures₹10 per executed order Currency Options₹10 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOMNESYS NEST
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 9 Traders
|
Special Offers FREE Unlimited Trading for 1st Month (₹1000 waived) Get the offer |
Charges Account Opening Charge₹500 Brokerage Account AMC₹0 Demat Account AMC₹450 Minimum Brokerage₹0 (Unlimited Plan), ₹15 (Per Trade Plan) |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹0 (Free) Equity Future₹15 per trade Equity Options₹15 per trade Currency Futures₹15 per trade Currency Options₹15 per trade |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformSHUBH Mobile, SHUBH Web, Power Indiabulls (PIB)
|
Ratings Fees
Brokerage
Usability
Customer Service
 Overall
Rated By 45 Traders
|
Special Offers Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer |
Charges Account Opening Charge₹0 Brokerage Account AMC₹0 Demat Account AMC₹400 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹20 per executed order Equity Intraday₹20 per executed order Equity Future₹20 per executed order Equity Options₹20 per executed order Currency Futures₹20 per executed order Currency Options₹20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOMNESYS NEST, StockNote
|
Ratings Fees
 Brokerage
 Usability
Customer Service
Overall
Rated By 12 Traders
|
Special Offers Free equity delivery trading (truly no brokerage) and Flat ₹20 Intraday and F&O trade brokerage. Get the offer |
Charges Account Opening Charge₹300 Equity | ₹200 Commodity Brokerage Account AMCNil Demat Account AMC₹300 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹20 per trade Equity Future₹20 per trade Equity Options₹20 per trade Currency Futures₹20 per trade Currency Options₹20 per trade |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformODIN, NSE NOW, JUSTRADE
|
Ratings Fees
 Brokerage
Usability
 Customer Service
Overall
Rated By 4 Traders
|
Special Offers FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer |
Charges Account Opening Charge₹200 Brokerage Account AMC₹0 Demat Account AMC₹300 Minimum Brokerage₹15 per executed order |
Brokerage Equity Delivery₹15 per executed order Equity Intraday₹15 per executed order Equity Future₹15 per executed order Equity Options₹15 per executed order Currency Futures₹15 per executed order Currency Options₹15 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNEST, NOW, Spin
|
Ratings Fees
Brokerage
Usability
Customer Service
 Overall
Rated By 60 Traders
|
|
Charges Account Opening Charge₹200 Brokerage Account AMC₹0 Demat Account AMC₹200 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 Equity Intraday₹0 Equity Future₹0 Equity Options₹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)
|
Ratings Fees
 Brokerage
 Usability
Customer Service
Overall
Rated By 61 Traders
|
Special Offers Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback |
Charges Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMCRegular Demat: ₹300, Lifetime free AMC Demat: ₹0 Minimum Brokerage₹0 (No Minimum Brokerage) |
Brokerage Equity Delivery₹20 per executed order or .01% whichever is lower Equity Intraday₹20 per executed order or .01% whichever is lower Equity Future₹20 per executed order or .01% whichever is lower Equity Options₹20 per executed order or .01% whichever is lower Currency Futures₹20 per executed order or .01% whichever is lower Currency Options₹20 per executed order or .01% whichever is lower |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOmnesys NEST is used as back-end. Front-end is built in-house by Trustline.
|
Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 6 Traders
|
Special Offers Brokerage Free equity delivery trading (truly no commission) and Flat ₹9 intranet and F&O trade brokerage. Get the offer |
Charges Account Opening Charge₹199 Brokerage Account AMC₹0 Demat Account AMC₹500 (5 years) |
Brokerage Equity Delivery₹0 (Free) Equity Intraday0.01% Equity Future₹799 per month (unlimited trading) Equity Options₹99 per month (unlimited trading) Currency Futures₹99 per month (unlimited trading) Currency Options₹99 per month (unlimited trading) |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformINFINI, NSE NOW
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 24 Traders
|
|
Charges Account Opening Charge₹300 Brokerage Account AMC₹0 Demat Account AMC₹300 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹20 per executed order or 0.10% whichever is lower Equity Intraday₹20 per executed order or .01% whichever is lower Equity Future₹20 per executed order or .01% whichever is lower Equity Options₹20 per executed order Currency Futures₹20 per executed order or .01% whichever is lower Currency Options₹20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOMNESYS NEST, NSE NOW
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 7 Traders
|
Special Offers Aliceblue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer |
Charges Account Opening ChargeEquity ₹310 | Commodity ₹120 Brokerage Account AMC₹0 Demat Account AMC₹0 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹20 per executed order or 0.01 whichever lower Equity Future₹20 per executed order or 0.01 whichever lower Equity Options₹20 per executed order or 0.01 whichever lower Currency Futures₹20 per executed order or 0.01 whichever lower Currency Options₹20 per executed order or 0.01 whichever lower |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformFront End: ANT | Back End: Omnesys NEST
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 19 Traders
|
|
Charges Account Opening Charge₹0 Brokerage Account AMC₹0 Demat Account AMC₹999 (Lifetime) |
Brokerage Equity Delivery₹9 per executed order Equity Intraday₹9 per executed order Equity Future₹9 per executed order Equity Options₹9 per executed order Currency Futures₹9 per executed order Currency Options₹9 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNEST
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 26 Traders
|
Special Offers FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer |
Charges Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMC₹400 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹20 per executed order or .01% whichever is lower Equity Future₹20 per executed order or .01% whichever is lower Equity Options₹20 per executed order Currency Futures₹20 per executed order or .01% whichever is lower Currency Options₹20 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformFyers One (In-house build)
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 11 Traders
|
|
Charges Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMC₹0 per year (Lifetime Zero AMC) Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 Equity Intraday₹0 Equity Future₹0 Equity Options₹0 Currency Futures₹0 Currency Options₹0 |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformScalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
|
Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 12 Traders
|
Special Offers Get Free Trading + Demat Account for limited time. Trade unlimited for ₹899 or ₹15/trade. Request a Callback |
Charges Account Opening Charge₹0 Brokerage Account AMC₹0 Demat Account AMC₹0 (Lifetime Zero AMC) Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 Equity Intraday₹0 Equity Future₹0 Equity Options₹0 Currency FuturesNA Currency OptionsNA |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformProStocks, NSE NOW
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 25 Traders
|
Special Offers RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer |
Charges Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMC₹0 for lifetime (Free) Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 (Free) Equity Intraday₹18 per executed order or .01% whichever is lower Equity Future₹18 per executed order or .01% whichever is lower Equity Options₹18 per executed order or .01% whichever is lower Currency Futures₹18 per executed order or .01% whichever is lower Currency Options₹18 per executed order or .01% whichever is lower |
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)
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 3 Traders
|
|
Charges Account Opening ChargeNil Brokerage Account AMCNil Demat Account AMCZero AMC with one time ₹876 fee Minimum Brokerage₹18 per executed order |
Brokerage Equity Delivery₹18 per executed order Equity Intraday₹18 per executed order Equity Future₹18 per executed order Equity Options₹18 per executed order Currency Futures₹18 per executed order Currency Options₹18 per executed order |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNSE Now, ODIN (My Armour)
|
Ratings Fees
Brokerage
 Usability
Customer Service
Overall
Rated By 2 Traders
|
|
Charges Account Opening Charge₹750 Brokerage Account AMCNil Demat Account AMC₹400 Minimum Brokerage₹15 |
Brokerage Equity Delivery₹15 Equity Intraday₹15 Equity Future₹15 Equity Options₹15 Currency Futures₹15 Currency Options₹15 |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNOW Online, NOW Trader
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 4 Traders
|
|
Charges Account Opening Charge₹150 Brokerage Account AMC₹0 Demat Account AMC₹150 Minimum Brokerage₹0 |
Brokerage Equity Delivery₹0 Equity Intraday₹20 Equity Future₹20 Equity Options₹20 Currency Futures₹20 Currency Options₹20 |
Key Offerings 3 in 1 Account
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNEST, Upstox
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 80 Traders
|
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