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
|
Ratings Fees
 Brokerage
 Usability
 Customer Service
Overall
Rated By 437 Traders 
|
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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformStoxkart Pro, Stoxkart Classic, Stoxkart Desktop, Stoxkart Web
|
Ratings Fees
 Brokerage
Usability
 Customer Service
Overall
Rated By 3 Traders
|
|
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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformGroww
|
Ratings Fees
 Brokerage
Usability
Customer Service
 Overall
Rated By 32 Traders
|
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
Margin Trading Funding
NRI Share Trading Account
Trading Platform5paisa Trade Station (Web, Mobile App and EXE)
|
Ratings Fees
Brokerage
 Usability
 Customer Service
 Overall
Rated By 83 Traders
|
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 and start trading today. |
Charges Account Opening ChargeRs 249 Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 300 Minimum Brokerage0.05% |
Brokerage Equity DeliveryRs 0 (Free) 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
|
Ratings Fees
 Brokerage
Usability
 Customer Service
 Overall
Rated By 117 Traders
|
|
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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformOMNESYS NEST
|
Ratings Fees
 Brokerage
 Usability
Customer Service
Overall
Rated By 12 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 ChargeRs 0 (Free) Brokerage Account AMCRs 0 (Free) Demat Account AMCRs 400 Minimum BrokerageRs 0 |
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 PlatformOMNESYS NEST, StockNote
|
Ratings Fees
Brokerage
 Usability
Customer Service
Overall
Rated By 20 Traders
|
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 300 Equity | Rs 200 Commodity Brokerage Account AMCNil Demat Account AMCRs 300 Minimum BrokerageRs 0 |
Brokerage Equity DeliveryRs 0 (Free) Equity IntradayRs 20 per trade Equity FutureRs 20 per trade Equity OptionsRs 20 per trade Currency FuturesRs 20 per trade Currency OptionsRs 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 6 Traders
|
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
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 67 Traders
|
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)
|
Ratings Fees
 Brokerage
Usability
Customer Service
 Overall
Rated By 74 Traders
|
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
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 7 Traders
|
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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformINFINI, NSE NOW
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 35 Traders
|
|
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
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 8 Traders
|
Special Offers Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open FREE Instant Account online with Alice Blue and start trading today. |
Charges Account Opening ChargeRs 0 (Free) 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
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 32 Traders
|
|
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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformNEST
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 30 Traders
|
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)
|
Ratings Fees
Brokerage
 Usability
Customer Service
Overall
Rated By 21 Traders
|
|
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
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 40 Traders
|
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 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 PlatformProStocks, NSE NOW
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 35 Traders
|
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
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 4 Traders
|
|
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)
|
Ratings Fees
Brokerage
Usability
Customer Service
Overall
Rated By 2 Traders
|
|
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
|
Ratings Fees
 Brokerage
Usability
Customer Service
Overall
Rated By 5 Traders
|
Special Offers Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer |
Charges Account Opening ChargeRs 200 Brokerage Account AMCRs 0 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
Margin Trading Funding
NRI Share Trading Account
Trading PlatformPaytm Money mobile app, Paytm Money website
|
Ratings Fees
Brokerage
Usability
 Customer Service
Overall
Rated By 16 Traders
|
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