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Top 10 Discount Brokers in India By Clients at NSE in 2016

Discount Brokers are the online stock brokers offering cheap brokerage plans to the retail and institutional investors in India. Discount broker offers brokerage services in share and commodities trading. They are also called as flat fee brokers or budget brokers.

The discount brokerage firms opened their shops in India in year 2010. Since then thousands of investors and traders moved from traditional brokers (i.e. ICICI Direct, Sharekhan) to discount brokers. As they offer 60% - 80% cheaper brokerage and free trading terminals for everyone, they are well accepted and become very popular brokers.

Zerodha and RKSV are pioneers of Indian discount brokerage industry and among the most popular. Both of them offers flat Rs 20 per trade brokerage. This allows traders to execute trades of any size and pay flat Rs 20 brokerage on the trade.

Since year 2010, few traditional brokers adopted the business strategy of discount brokers and started offering discount brokerage plan or become a discount broker. IIFL and Master Capital are among few big traditional brokers who now offer discount brokerage plans.

Below is the list of top 10 discount brokers in India based on number of clients they have trading at NSE. Click on the name of broker to know more about them and the services they offer.

Broker Company Name Number of Clients
ZerodhaZERODHA165,586
MyValueTradeMASTER CAPITAL SERVICES LTD34,623
SAMCOSAMCO SECURITIES LTD18,176
UpstoxRKSV SECURITIES INDIA PVT LTD17,229
Trade Smart OnlineVNS FINANCE & CAPITAL SERVICES LTD11,995
SAS OnlineSOUTH ASIAN STOCKS LTD9,384
RK GlobalR K GLOBAL SHARES & SECURITIES LTD9,346
TradeplusNAVIA MARKETS LTD5,752
Alice BlueALICE BLUE SECURITIES PVT LTD4,476
Alice BlueALICE BLUE SECURITIES4,463
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By Popular Stock Brokers
Zerodha Review   Zerodha
    The Discount Stock Broker

Free Equity Delivery Trades
Flat Rs 20 Per Trade in F&O

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2nd largest stockbroker by the no. of clients.

5paisa Review  5paisa
    Fast Growing Discount Stock Broker

Trading at Flat Rs 10 Per Trade

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ProStocks Reivew
    ProStocks
    Flat Fee Discount Broker

Flat Rs 15 per Trade
Lowest Transaction Charge
Lowest Stamp Duty

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Angel Broking Review   Angel Broking
    Leading Retail Broker in India

Rs 0 account opening fee +
20% off on online trading

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