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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:

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Service Type

No. of Clients

Features

Investment Options

Rating by Customer

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Groww (3.9/5 Rated By 93 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 0

Equity Delivery Brokerage

Rs 20 per executed order or 0.05% whichever is lower

Equity Intraday Brokerage

Rs 20 per executed order or 0.05% whichever is lower

Zerodha (3.7/5 Rated By 476 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 200

Demat AMC

Rs 300

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 20 per executed order or .03% whichever is lower

Angel One (2.7/5 Rated By 274 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 240

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 20 per executed order

Upstox (2.4/5 Rated By 142 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 150

Equity Delivery Brokerage

Rs 20 per executed order or 2.5% whichever is low

Equity Intraday Brokerage

Rs 20 per executed order or 0.05% whichever is lower

Paytm Money (3.3/5 Rated By 49 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 200

Demat AMC

Rs 0 (Free)

Equity Delivery Brokerage

Rs 20 per executed order or 2.5% whichever is low

Equity Intraday Brokerage

Rs 20 per executed order or 0.05% whichever is low

5paisa (2.6/5 Rated By 94 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 300

Equity Delivery Brokerage

Rs 20 per executed order

Equity Intraday Brokerage

Rs 20 per executed order

Dhan (2.9/5 Rated By 18 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

₹0 (Lifetime Zero AMC)

Equity Delivery Brokerage

Rs. 0

Equity Intraday Brokerage

Rs 20 or 0.03% of trade value, whichever is lower

Fyers (2.9/5 Rated By 33 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 0 (Free)

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 20 per executed order or .03% whichever is lower

Alice Blue (3.1/5 Rated By 40 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 150

Demat AMC

Rs 400

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 15 per order or 0.05% whichever is lower

SAMCO (3.2/5 Rated By 26 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 400

Equity Delivery Brokerage

Rs 20 per trade or 0.50% (whichever is lower)

Equity Intraday Brokerage

Rs 20 per trade or 0.05% (whichever is lower)

Tradingo (4/5 Rated By 6 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 250 +GST (From 2nd Year)

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 20 per trade or 0.03% (whichever is lower)

Bajaj Financial (3.1/5 Rated By 15 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 199 (Free for 1st year)

Equity Delivery Brokerage

Rs 20 per order

Equity Intraday Brokerage

Rs 20 per order

TradeSmart (4/5 Rated By 67 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 200

Demat AMC

Rs 300

Equity Delivery Brokerage

Rs 15 per order

Equity Intraday Brokerage

Rs 15 per order

SAS Online (4/5 Rated By 80 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 200

Demat AMC

For Individual-Rs 200 (Free for the 1st year) | Non Individual-Rs 1000

Equity Delivery Brokerage

Rs 9

Equity Intraday Brokerage

Rs 9

Tradeplus (2.9/5 Rated By 37 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 0

Equity Delivery Brokerage

Rs 99 per month (unlimited trading)

Equity Intraday Brokerage

Rs 99 per month (unlimited trading)

Prostocks (3.3/5 Rated By 41 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 0 (Lifetime Zero AMC)

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 15 per executed order

RMoney (3.2/5 Rated By 5 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 299 (Free for first year)

Equity Delivery Brokerage

Rs 9 per executed order

Equity Intraday Brokerage

Rs 9 per executed order

Achiievers (4.6/5 Rated By 5 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 150

Demat AMC

Rs 400

Equity Delivery Brokerage

Rs 15

Equity Intraday Brokerage

Rs 15

Espresso Sharekhan (3.2/5 Rated By 69 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 354

Demat AMC

Rs 400

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 20 per executed order or .03% whichever is lowe

Beeline (4/5 Rated By 2 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Nil

Demat AMC

Zero AMC with one time Rs 876 fee

Equity Delivery Brokerage

Rs 18 per executed order

Equity Intraday Brokerage

Rs 18 per executed order

Stoxkart (3.8/5 Rated By 4 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 300

Demat AMC

Rs 300

Equity Delivery Brokerage

Rs 0

Equity Intraday Brokerage

Rs 15 (on profit trades only)

BlinkX (/5 Rated By 0 Traders)

Discount Broker
3-in-1 Account
LifeTime Free AMC
Margin Funding
Trading API
Direct Mutual Fund

Account Opening Charge

Rs 0 (Free)

Demat AMC

Rs 300 (Free for 1st year)

Equity Delivery Brokerage

Rs 0 (Free)

Equity Intraday Brokerage

Rs 0 (Free)

Side-by-Side Comparison of Share Brokers