Comparison of Share Brokers in India

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:

	Stock Broker Fees	Brokerage Charges	Transaction Charges	Broker Features	Broker Ratings
Zerodha Standard Plan	Account Opening Charge₹300 Brokerage Account AMC₹0 (Free) Demat Account AMC₹300 Minimum Brokerage₹0	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity IntradayNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity FutureNSE ₹210 per crore \| BSE ₹1 per trade (each side) Equity OptionsNSE ₹5300 per crore \| BSE ₹1 per trade (each side) Currency FuturesNSE ₹135 per crore (0.00135%) Currency OptionsNSE ₹4400 (on premium) per crore (0.044%) CommodityNon-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformKite Web, Kite Android/iOS, Pi, Coin	Fees Brokerage Usability Customer Service Overall Rated By 322 Traders	Contact Zerodha Learn more >> Special Offers Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
ProStocks Flat Fee Plan	Account Opening Charge₹0 Brokerage Account AMC₹0 Demat Account AMC₹0	Equity Delivery₹15 Equity Intraday₹15 Equity Future₹15 Equity Options₹15 Currency Futures₹15 Currency Options₹15	Equity DeliveryNSE: 0.00325% \| BSE: 0.00275% Equity IntradayNSE: 0.00325% \| BSE: 0.00275% Equity FutureNSE: 0.0019% \| BSE: 0.0005% Equity OptionsNSE: 0.050% \| BSE: 0.0025% Currency FuturesNSE: 0.0011% \| BSE: 0.0001% Currency OptionsNSE: 0.040% \| BSE: 0.0001%	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformProStocks, NSE NOW	Fees Brokerage Usability Customer Service Overall Rated By 24 Traders	Contact ProStocks Learn more >> Special Offers Get Free Trading + Demat Account for limited time. Request a Callback
5paisa Standard Account	Account Opening Charge₹650 Brokerage Account AMC₹0 (Free) Demat Account AMC₹400 Minimum Brokerage₹10 per trade	Equity Delivery₹10 per trader Equity Intraday₹10 per trader Equity Future₹10 per trader Equity Options₹10 per trader Currency Futures₹10 per trader Currency Options₹10 per trader	Equity Delivery₹325 per crore (0.00325%) Equity Intraday₹325 per crore (0.00325%) Equity Future₹210 per crore (0.0021%) Equity Options₹5100 per crore (on premium) (0.051%) Currency Futures₹210 per crore (0.0021%) Currency Options₹5100 per crore (on premium)(0.051%) CommodityNA	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading Platform5paisa Trade Station	Fees Brokerage Usability Customer Service Overall Rated By 36 Traders	Contact 5paisa Learn more >> Special Offers Open 5Paisa Trading Account & get FREE Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 10 per order. Get the offer
Trade Smart Online Power Plan (Rs 15/Order)	Account Opening ChargeRs 300 Brokerage Account AMCRs 0 Demat Account AMCRs 300 Minimum BrokerageRs 15	Equity DeliveryRs 15 Equity IntradayRs 15 Equity FutureRs 15 Equity OptionsRs 15 Currency FuturesRs 15 Currency OptionsRs 15	Equity Delivery0.0035% Equity Intraday0.0035% Equity Future0.0024% Equity Options0.0715% Currency Futures0.00165% Currency Options0.06% Commodity0.0039%	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformNEST, NOW	Fees Brokerage Usability Customer Service Overall Rated By 57 Traders	Contact Trade Smart Online Learn more >>
Upstox Upstox Basic	Account Opening Charge₹150 (Eq and F&O), ₹150 (MCX) Brokerage Account AMC₹0 Demat Account AMC₹150 (paid upfront) Minimum Brokerage₹0	Equity Delivery₹0 Equity Intraday₹20 per trade or 0.01% (whichever is lower) Equity Future₹20 per trade or 0.01% (whichever is lower) Equity Options₹20 per trade or 0.01% (whichever is lower) Currency Futures₹20 per trade or 0.01% (whichever is lower) Currency Options₹20 per trade or 0.01% (whichever is lower)	Equity DeliveryNSE ₹325 \| BSE ₹275 Equity IntradayNSE ₹325 \| BSE ₹275 Equity FutureNSE ₹210 Equity OptionsNSE ₹5500 Currency Futures₹150 Currency Options₹6000 CommodityMCX ₹260/Cr	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformUpstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola	Fees Brokerage Usability Customer Service Overall Rated By 45 Traders	Contact Upstox Learn more >> Special Offers Get account opening fees as brokerage cashback + Free equity delivery trading (truly no brokerage) + Flat ₹20 for Intraday and F&O trades. Get the Exclusive Offer
SAMCO Standard	Account Opening Charge₹0 Brokerage Account AMC₹0 Demat Account AMC₹400 Minimum Brokerage₹0	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity IntradayNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity FutureNSE ₹190 per crore \| BSE ₹1 per trade (each side) Equity OptionsNSE ₹5000 per crore \| BSE ₹1 per trade (each side) Currency FuturesNSE ₹110 per crore (0.0011%) Currency OptionsNSE ₹4000 (on premium) per crore (0.040%) CommodityNon-Agri ₹260 (0.0026%) \| Agri ₹175 per Crore	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformOMNESYS NEST, StockNote	Fees Brokerage Usability Customer Service Overall Rated By 10 Traders	Learn more >> Special Offers Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App
Fyers Flat Fee Brokerage Plan	Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMC₹400	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	Equity Delivery₹325 per crore (0.00325%) Equity Intraday₹325 per crore (0.00325%) Equity Future₹240 per crore (0.0024%) Equity Options₹5900 per crore (on premium) (0.059%) Currency Futures₹240 per crore (0.0024%) Currency Options₹5900 per crore (on premium) (0.059%) CommodityNA	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformFyers One (In-house build)	Fees Brokerage Usability Customer Service Overall Rated By 7 Traders	Contact Fyers Learn more >> Special Offers FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer
TradingBells Standard Plan	Account Opening Charge₹300 Equity \| ₹200 Commodity Brokerage Account AMCNil Demat Account AMC₹300 Minimum BrokerageRs 0	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹275 per crore (each side Equity IntradayNSE ₹325 per crore \| BSE ₹275 per crore (each side Equity FutureNSE ₹210 per crore \| BSE ₹70 per crore (each side) Equity OptionsNSE ₹6000 per crore \| BSE ₹3000 per crore (each side) (on premium) Currency FuturesNSE ₹135 per crore (0.00135%) Currency OptionsNSE ₹4400 (on premium) per crore (0.044%) CommodityNon-Agri ₹310 (0.0036%) \| Agri (NCDEX) ₹400 per Cr	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformODIN, NSE NOW, JUSTRADE	Fees Brokerage Usability Customer Service Overall Rated By 4 Traders	Learn more >>
Tradeplus Infinite Trading Plans	Account Opening Charge₹199 Brokerage Account AMC₹0 Demat Account AMC₹900 for 10 years, ₹500 for 5 years	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)	Equity Delivery₹330 per crore (0.0033%) (each side) Equity Intraday₹330 per crore (0.0033%) (sale side) Equity Future₹350 per crore (0.0035%) Equity Options₹7500 per crore (0.075%)(on premium) Currency Futures₹165 per crore (0.00165%) Currency Options₹6000 (on premium) per crore (0.06%) Commodity₹400 (0.004%)	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformINFINI, NSE NOW	Fees Brokerage Usability Customer Service Overall Rated By 18 Traders	Contact Tradeplus Learn more >>
Beeline Discount Brokerage Plan	Account Opening ChargeNil Brokerage Account AMCNil Demat Account AMCZero AMC with one time ₹876 fee Minimum Brokerage₹18 per executed order	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	Equity DeliveryNSE ₹325 \| BSE ₹275 per Crore Equity IntradayNSE ₹325 \| BSE ₹275 per Crore Equity FutureNSE ₹215 per Crore Equity OptionsNSE ₹5600 per Crore Currency FuturesNSE ₹135 per Crore Currency OptionsNSE ₹4600 per Crore CommodityMCX ₹260 \| NCDEX ₹400 per Crore	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformNSE Now, ODIN (My Armour)	Fees Brokerage Usability Customer Service Overall Rated By 2 Traders	Learn more >> Special Offers Open a Lifetime free AMC Demat Account at just ₹176 + 15 days trading free. Use coupon code CHT176 for this special offer.
SAS Online Rs 9 per trade Plan	Account Opening ChargeRs 200 Brokerage Account AMCNil Demat Account AMCRs 200 Minimum BrokerageNIL	Equity DeliveryRs 9 Equity IntradayRs 9 Equity FutureRs 9 Equity OptionsRs 9 Currency FuturesRs 9 Currency OptionsRs 9	Equity DeliveryNSE: 0.00325% \| BSE: 0.00325% Equity IntradayNSE: 0.00325% \| BSE: 0.00325% Equity FutureNSE: 0.0025% Equity OptionsNSE: 0.065% (on premium) Currency FuturesNSE: 0.00165% Currency OptionsNSE: 0.06% CommodityNon-Agri: 0.0031%	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformNEST, NOW	Fees Brokerage Usability Customer Service Overall Rated By 54 Traders	Contact SAS Online Learn more >>
MyValueTrade Per Order Executed	Account Opening Charge₹555 Brokerage Account AMCNil Demat Account AMC₹400 Minimum Brokerage₹10 or .01% whichever is lower	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	Equity DeliveryNSE ₹325 \| BSE ₹325 Equity IntradayNSE ₹325 \| BSE ₹325 Equity FutureNSE ₹300 \| BSE ₹150 Equity OptionsNSE ₹6000 \| BSE ₹3500 Currency FuturesNSE ₹120 \| BSE ₹100 Currency OptionsNSE ₹4200 \| BSE ₹1000 CommodityMCX ₹250	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformOMNESYS NEST	Fees Brokerage Usability Customer Service Overall Rated By 9 Traders	Contact MyValueTrade Learn more >>
Tradejini Standard Plan	Account Opening Charge₹300 Brokerage Account AMC₹0 Demat Account AMC₹300 Minimum Brokerage₹0	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	Equity DeliveryNSE ₹325 \| BSE ₹275 Equity IntradayNSE ₹325 \| BSE ₹275 Equity FutureNSE ₹200 \| BSE ₹200 Equity OptionsNSE ₹5300 \| BSE ₹2500 Currency FuturesNSE ₹125 Currency OptionsNSE ₹4350 CommodityMCX ₹300	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformOMNESYS NEST, NSE NOW	Fees Brokerage Usability Customer Service Overall Rated By 6 Traders	Contact Tradejini Learn more >>
Wisdom Capital Rs 9 per trade plan	Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 700 + taxes	Equity DeliveryRs 9 Equity IntradayRs 9 Equity FutureRs 9 Equity OptionsRs 9 Currency FuturesRs 9 Currency OptionsRs 9	Equity Delivery0.0035% Equity Intraday0.0035% Equity Future0.0028% Equity Options0.06% (on premium) Commodity0.0025%	3 in 1 Account Margin Trading Funding Trading PlatformNEST	Fees Brokerage Usability Customer Service Overall Rated By 20 Traders	Contact Wisdom Capital Learn more >>
Achiievers Equities Flat Fee Plan	Account Opening ChargeRs 750 Brokerage Account AMCNil Demat Account AMCRs 400 Minimum BrokerageRs 15	Equity DeliveryRs 15 Equity IntradayRs 15 Equity FutureRs 15 Equity OptionsRs 15 Currency FuturesRs 15 Currency OptionsRs 15	Equity Delivery₹350 per Crore Equity Intraday₹350 per Crore Equity Future₹390 per Crore Equity Options₹7500 per Crore Currency Futures₹175 per Crore Currency Options₹6500 per Crore CommodityMCX Agri ₹325 \| Non Agri ₹460 per Crore	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformNSE Now	Fees Brokerage Usability Customer Service Overall Rated By 4 Traders	Contact Achiievers Equities Learn more >>
RKSV Standard Plan	Account Opening Charge₹150 Brokerage Account AMC₹0 Demat Account AMC₹150 Minimum Brokerage₹0	Equity Delivery₹0 Equity Intraday₹20 Equity Future₹20 Equity Options₹20 Currency Futures₹20 Currency Options₹20	Equity DeliveryNSE ₹325 \| BSE ₹275 Equity IntradayNSE ₹325 \| BSE ₹275 Equity FutureNSE ₹210 Equity OptionsNSE ₹5500 Currency Futures₹150 Currency Options₹6000 CommodityMCX ₹260/Cr	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformNEST, Upstox	Fees Brokerage Usability Customer Service Overall Rated By 80 Traders	Contact RKSV Learn more >>
Alice Blue F20	Account Opening ChargeEquity ₹310 \| Commodity ₹120 Brokerage Account AMC₹0 Demat Account AMC₹0 Minimum Brokerage₹0	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity IntradayNSE ₹325 per crore \| BSE ₹1 per trade (each side) Equity FutureNSE ₹210 per crore \| BSE ₹1 per trade (each side) Equity OptionsNSE ₹5300 per crore \| BSE ₹1 per trade (each side) Currency FuturesNSE ₹135 per crore (0.00135%) Currency OptionsNSE ₹4400 (on premium) per crore (0.044%) CommodityNon-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore	3 in 1 Account Margin Trading Funding NRI Share Trading Account Trading PlatformFront End: ANT \| Back End: Omnesys NEST	Fees Brokerage Usability Customer Service Overall Rated By 15 Traders	Learn more >> Special Offers Aliceblue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
RMoney Zero Brokerage Plans	Account Opening Charge₹0 (Free) Brokerage Account AMC₹0 (Free) Demat Account AMC₹0 for lifetime (Free) Minimum Brokerage₹0	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹275 per crore (0.00275%) Equity IntradayNSE ₹325 per crore \| BSE ₹275 per crore (0.00275% Equity FutureNSE ₹250 per crore \| BSE ₹110 per crore (0.0011%) Equity OptionsNSE ₹7000 per crore (0.07%) \| BSE ₹4500 per crore (0.045%) Currency FuturesNSE, BSE - ₹150 per crore (0.0015%) Currency OptionsNSE, BSE - ₹7500 (on premium) per crore (0.075%) CommodityMCX ₹325 (0.00325%) \| NCDEX ₹600 per Cr(0.006%)	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)	Fees Brokerage Usability Customer Service Overall Rated By 3 Traders	Learn more >> Special Offers RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer
iTradeOnline Pay Per Trade	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)	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	Equity DeliveryNSE ₹325 per crore \| BSE ₹1.5/trade (each side) Equity IntradayNSE ₹325 per crore \| BSE ₹1.5/trade (each side) Equity FutureNSE ₹190 per crore (0.0019%) Equity OptionsNSE ₹5000 per crore (0.05%) Currency FuturesNSE ₹90/cr (0.0009%) \| BSE ₹18/cr (0.00018%) Currency OptionsNSE ₹4000 (on premium) per cr (0.04%) \| BSE ₹1500 CommodityMCX ₹260/Cr (0.0026%) \| NCDEX ₹600/cr (0.006%)	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.	Fees Brokerage Usability Customer Service Overall Rated By 5 Traders	Learn more >> Special Offers Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).