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Comparison of Share Brokers in India

Find the right broker

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:

Compare Discount Brokers

Broker Stock Broker Fees Brokerage Charges Key Offerings Ratings

Zerodha

Zerodha Share Broker Logo

Contact Zerodha

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  No Margin Trading Funding  No NRI Share Trading Account  Yes Trading PlatformKite Web, Kite Mobile for Android/iOS and Coin
Ratings
3.7 Fees 4.3 Brokerage 3.6 Usability 3.4 Customer Service Rated 3.7 stars Overall Rated By 452 Traders Rate

Angel Broking

Angel Broking Share Broker Logo

Contact Angel Broking

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  No Margin Trading Funding  Yes NRI Share Trading Account  Yes Trading PlatformAngel Broking App (Mobile), Angel Eye (Website), Angel Speedpro (Trading Terminal)
Ratings
3.0 Fees 3.0 Brokerage 3.1 Usability 2.6 Customer Service Rated 2.7 stars Overall Rated By 251 Traders Rate

Stoxkart

Stoxkart Share Broker Logo

Special Offers

Rs 0 Delivery Brokerage + Rs 0 Intraday Trades in Loss. Open a Demat Account in 15 Minutes. Request a Callback

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  No Margin Trading Funding  Yes NRI Share Trading Account  Yes Trading PlatformStoxkart Pro, Stoxkart Classic, Stoxkart Desktop, Stoxkart Web
Ratings
3.3 Fees 4.7 Brokerage 3.3 Usability 3.0 Customer Service Rated 3.3 stars Overall Rated By 3 Traders Rate

Groww

Groww Share Broker Logo

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 FutureNA Equity OptionsNA Currency FuturesNA Currency OptionsNA
Key Offerings
3 in 1 Account  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformGroww
Ratings
4.3 Fees 4.0 Brokerage 3.9 Usability 3.6 Customer Service Rated 4.0 stars Overall Rated By 47 Traders Rate

5paisa

5paisa Share Broker Logo

Contact 5paisa

Special Offers

FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + 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 540 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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading Platform5paisa Trade Station (Web, Mobile App and EXE)
Ratings
2.9 Fees 3.6 Brokerage 2.8 Usability 2.2 Customer Service Rated 2.6 stars Overall Rated By 88 Traders Rate

Upstox

Upstox Share Broker Logo

Contact Upstox

Special Offers

Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online 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  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Ratings
3.4 Fees 3.5 Brokerage 2.6 Usability 2.3 Customer Service Rated 2.4 stars Overall Rated By 122 Traders Rate

Master Trust

Master Trust Share Broker Logo

Charges
Account Opening ChargeRs 100 Brokerage Account AMCNil Demat Account AMCRs 300 Minimum BrokerageRs 0
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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformOMNESYS NEST
Ratings
3.8 Fees 4.4 Brokerage 4.0 Usability 3.9 Customer Service Rated 3.9 stars Overall Rated By 12 Traders Rate

SAMCO

SAMCO Share Broker Logo

Contact SAMCO

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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformStockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star
Ratings
3.4 Fees 3.8 Brokerage 2.6 Usability 3.0 Customer Service Rated 3.1 stars Overall Rated By 22 Traders Rate

Tradingo

Tradingo Share Broker Logo

Contact Tradingo

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  No Margin Trading Funding  Yes NRI Share Trading Account  Yes Trading PlatformTradingo, Justrade
Ratings
4.2 Fees 4.7 Brokerage 3.5 Usability 3.8 Customer Service Rated 4.0 stars Overall Rated By 6 Traders Rate

TradeSmart

TradeSmart Share Broker Logo

Contact TradeSmart

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  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformNEST, NOW, Spin
Ratings
3.8 Fees 4.4 Brokerage 3.8 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 67 Traders Rate

SAS Online

SAS Online Share Broker Logo

Contact SAS Online

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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST)
Ratings
4.4 Fees 4.6 Brokerage 3.5 Usability 4.0 Customer Service Rated 4.1 stars Overall Rated By 75 Traders Rate

iTradeOnline

iTradeOnline Share Broker Logo

Special Offers

Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Charges
Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRegular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Minimum BrokerageRs 0 (No Minimum Brokerage)
Brokerage
Equity DeliveryRs 20 per executed order or .01% 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 or .01% whichever is lower Currency FuturesRs 20 per executed order or .01% whichever is lower Currency OptionsRs 20 per executed order or .01% whichever is lower
Key Offerings
3 in 1 Account  No Margin Trading Funding  Yes NRI Share Trading Account  Yes Trading PlatformOmnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Ratings
3.9 Fees 4.1 Brokerage 3.9 Usability 3.7 Customer Service Rated 4.0 stars Overall Rated By 7 Traders Rate

Tradeplus

Tradeplus Share Broker Logo

Special Offers

Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

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  No Margin Trading Funding  Yes NRI Share Trading Account  Yes Trading PlatformINFINI, NSE NOW
Ratings
3.5 Fees 4.1 Brokerage 2.8 Usability 2.6 Customer Service Rated 2.9 stars Overall Rated By 36 Traders Rate

Tradejini

Tradejini Share Broker Logo

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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformOMNESYS NEST, NSE NOW
Ratings
3.8 Fees 4.1 Brokerage 4.1 Usability 4.4 Customer Service Rated 4.3 stars Overall Rated By 9 Traders Rate

Alice Blue

Alice Blue Share Broker Logo

Contact Alice Blue

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  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformFront End: ANT | Back End: Omnesys NEST
Ratings
3.8 Fees 3.7 Brokerage 3.5 Usability 2.9 Customer Service Rated 3.3 stars Overall Rated By 33 Traders Rate

Wisdom Capital

Wisdom Capital Share Broker Logo

Charges
Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 999 (Lifetime)
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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformNEST
Ratings
4.0 Fees 4.2 Brokerage 3.3 Usability 3.4 Customer Service Rated 3.6 stars Overall Rated By 30 Traders Rate

Fyers

Fyers Share Broker Logo

Contact Fyers

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  No Margin Trading Funding  No NRI Share Trading Account  Yes Trading PlatformFyers One (In-house build)
Ratings
3.4 Fees 3.8 Brokerage 3.3 Usability 3.2 Customer Service Rated 3.2 stars Overall Rated By 25 Traders Rate

Finvasia

Finvasia Share Broker Logo

Charges
Account Opening ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 0 per year (Lifetime Zero AMC) Minimum BrokerageRs 0
Brokerage
Equity DeliveryRs 0 Equity IntradayRs 0 Equity FutureRs 0 Equity OptionsRs 0 Currency FuturesRs 0 Currency OptionsRs 0
Key Offerings
3 in 1 Account  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformScalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Ratings
4.8 Fees 4.9 Brokerage 3.5 Usability 4.3 Customer Service Rated 4.5 stars Overall Rated By 48 Traders Rate

Prostocks

Prostocks Share Broker Logo

Contact Prostocks

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  No Margin Trading Funding  No NRI Share Trading Account  Yes Trading PlatformProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Ratings
4.5 Fees 4.2 Brokerage 2.9 Usability 3.2 Customer Service Rated 3.2 stars Overall Rated By 37 Traders Rate

RMoney

RMoney Share Broker Logo

Special Offers

RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

Charges
Account Opening ChargeRs 199 Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 0 for lifetime (Free) Minimum BrokerageRs 0
Brokerage
Equity DeliveryRs 0 (Free) Equity IntradayRs 18 per executed order or .01% whichever is lower Equity FutureRs 18 per executed order or .01% whichever is lower Equity OptionsRs 18 per executed order or .01% whichever is lower Currency FuturesRs 18 per executed order or .01% whichever is lower Currency OptionsRs 18 per executed order or .01% whichever is lower
Key Offerings
3 in 1 Account  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformRMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Ratings
4.8 Fees 4.5 Brokerage 4.0 Usability 4.0 Customer Service Rated 3.8 stars Overall Rated By 4 Traders Rate

Beeline

Beeline Share Broker Logo

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  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformNSE Now, ODIN (My Armour)
Ratings
4.5 Fees 4.5 Brokerage 3.0 Usability 3.5 Customer Service Rated 4.0 stars Overall Rated By 2 Traders Rate

Achiievers

Achiievers Share Broker Logo

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  No Margin Trading Funding  Yes NRI Share Trading Account  No Trading PlatformNOW Online, NOW Trader
Ratings
4.6 Fees 5.0 Brokerage 4.2 Usability 4.2 Customer Service Rated 4.6 stars Overall Rated By 5 Traders Rate

Paytm Money

Paytm Money Share Broker Logo

Contact Paytm Money

Special Offers

Brokerage-free equity delivery trades for life + Flat ₹10 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) Minimum BrokerageRs 0.01 per executed order on Equity Delivery trades
Brokerage
Equity DeliveryRs 0 (Free) Equity IntradayLower of 0.05% or Rs 10 per executed order Equity FutureRs 10 per executed order Equity OptionsRs 10 per executed order
Key Offerings
3 in 1 Account  No Margin Trading Funding  No NRI Share Trading Account  No Trading PlatformPaytm Money mobile app, Paytm Money website
Ratings
3.7 Fees 4.2 Brokerage 3.9 Usability 3.0 Customer Service Rated 3.7 stars Overall Rated By 23 Traders Rate

Side-by-Side Comparison of Share Brokers