Top Discount Brokers in India Comparison-2017

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 top discount brokers in India:

    Fee and Other Charges Account Features Investment Products available Ratings  

5paisa

Rs 10

per executed order

Minimum BrokerageRs 25 Account Opening Charge650 Brokerage Account AMCNil Demat Account AMCRs 400 PA 2 in 1 Account  yes Desktop Trading Platform5paisa Trade Station Web Trading Platformhttps://trade.5paisa.com Mobile Trading Platform5paisa mobile app Margin Trading Funding  Yes Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 3.6 Fees 3.7 Brokerage 3.7 Usability 3.9 Customer Service Rated 4.0 stars Overall Rated By 7 Traders Rate Contact 5paisa


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Special Offers

Open an account with 5paisa and get 5 free trades. In addition, maintain a margin of Rs 25000 and get full refund of your account opening and DP AMC (saving of Rs 1050). Sign up now

ProStocks

Rs 15

per executed order

Minimum BrokerageNA Account Opening ChargeRs 300 - Promo Discount Rs 0 Now Brokerage Account AMCRs 0 Demat Account AMCRs 0 2 in 1 Account  yes Desktop Trading PlatformProStocks Desktop ,NSE NOW Web Trading PlatformProStocks Web,NSE NOW Mobile Trading PlatformProStocks Mobile ,NSE NOW Margin Trading Funding  Yes Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   No Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 4.0 Fees 4.0 Brokerage 4.0 Usability 3.0 Customer Service Rated 4.0 stars Overall Rated By 1 Traders Rate Contact ProStocks


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Special Offers

Free Life time Demat AMC & Trading AMC for limited time.Sign up now.

Zerodha

Rs 20

per executed order

Minimum BrokerageNIL Account Opening ChargeRs 200 for self printed or Rs 300 courier form Brokerage Account AMCNIL Demat Account AMCRs 300 2 in 1 Account  yes Desktop Trading PlatformZerdha PI Web Trading PlatformZerodha Kite Mobile Trading PlatformZerodha Kite Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 4.2 Fees 4.6 Brokerage 3.9 Usability 4.0 Customer Service Rated 4.1 stars Overall Rated By 136 Traders Rate Contact Zerodha


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Special Offers

100 Rs off on account opening fee for limited time. Sign up now.

Upstox (RKSV)

Rs 20

per executed order

Account Opening ChargeRs 150 for Equity & Currenct, Rs 150 for Commodity Brokerage Account AMCNIL Demat Account AMCRs 150 from second year onwards 2 in 1 Account  yes Desktop Trading PlatformNSET Web Trading Platformhttps://pro.upstox.com/ Mobile Trading PlatformUpstox Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 4.5 Fees 4.5 Brokerage 4.0 Usability 4.0 Customer Service Rated 4.5 stars Overall Rated By 2 Traders Rate Contact Upstox (RKSV)


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Special Offers

Zero Account Opening Fee.Get the offer.

SAS Online

Rs 9 or 999 PM

per executed order

Minimum BrokerageNIL Account Opening ChargeRs 200 Brokerage Account AMCNil Demat Account AMCNil 2 in 1 Account  yes Desktop Trading PlatformSAS NEST TRADER Web Trading Platformhttps://trade.sasonline.in Mobile Trading PlatformSAS MOBILE Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.8 Fees 4.7 Brokerage 4.0 Usability 4.4 Customer Service Rated 4.6 stars Overall Rated By 9 Traders Rate Contact SAS Online


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Special Offers

Zero account opening fees (Rs 200 waived) for limited time. Get the offer.

RKSV

Rs 20

per executed order

Minimum BrokerageRs 0 Account Opening ChargeRs 150 for Equity & Currenct, Rs 150 for Commodity Brokerage Account AMCNIL Demat Account AMCRs 150 from second year onwards 2 in 1 Account  yes Desktop Trading PlatformNEST Web Trading Platformhttps://pro.upstox.com/ Mobile Trading PlatformUpstox Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 4.3 Fees 4.6 Brokerage 3.9 Usability 4.3 Customer Service Rated 4.4 stars Overall Rated By 46 Traders Rate Contact RKSV


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Special Offers

Zero Account Opening Fee.Get the offer.

Trade Smart Online

Rs 15

per executed order

Minimum BrokerageRs 15 Account Opening ChargeRs 200 Brokerage Account AMCRs 0 Demat Account AMCRs 300 2 in 1 Account  yes Desktop Trading PlatformNSE NOW, NEST Web Trading PlatformNSE NOW, NEST Mobile Trading PlatformNSE NOW, NEST Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.9 Fees 4.5 Brokerage 3.7 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 33 Traders Rate Contact Trade Smart Online


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Special Offers

Open an account with Trade Smart Online and get a flat 50% off on new account opening fees.).Get the offer.

Tradeplus Online

99 Rs PM Flat*

per executed order

Account Opening Charge199 Rs- FREE with joining offer Brokerage Account AMCNIL Demat Account AMC500 Rs for 5 years 2 in 1 Account  yes Desktop Trading PlatformNSE NOW for Equity,NEST for Commodity -INFINI TRADER Web Trading Platformhttps://www.nowonline.in/ Mobile Trading PlatformNSE NOW Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 5.0 Fees 4.8 Brokerage 3.3 Usability 3.0 Customer Service Rated 3.5 stars Overall Rated By 6 Traders Rate Contact Tradeplus Online


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Special Offers

Waiving off Account opening of Rs 199 i.e. zero trading account opening fee for limited time.If KYC is completed and submitted within 2 days of contacting us.

SAMCO

20 Rs

per executed order

Account Opening ChargeNIL Brokerage Account AMCRs400 Demat Account AMCNIL 2 in 1 Account  yes Desktop Trading PlatformSAMCO NEST Web Trading Platformhttps://trade.samco.in/Samruddi/Login/indexauth.jsp Mobile Trading PlatformSAMCO Mobile Margin Trading Funding  Yes Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.7 Fees 4.6 Brokerage 4.2 Usability 4.0 Customer Service Rated 4.3 stars Overall Rated By 28 Traders Rate Contact SAMCO


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Wisdom Capital

Rs 9

per executed order

Account Opening ChargeRs 0 Brokerage Account AMCRs 0 Demat Account AMCRs 999 + taxes for Lifetime 2 in 1 Account  yes Desktop Trading PlatformNSE NOW/ALPHA Web Trading Platformhttp://trade.wisdomcapital.in./ Mobile Trading PlatformNSE NOW Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 4.2 Fees 4.4 Brokerage 3.4 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 5 Traders Rate Contact Wisdom Capital


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Achiievers Equities

Rs 15

per executed order

Account Opening ChargeRs 750 Brokerage Account AMCNil Demat Account AMCRs 400 3 in 1 Account  Yes Desktop Trading PlatformNSE NOW/ODIN Web Trading PlatformNSE NOW Mobile Trading PlatformNSE NOW Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.8 Fees 5.0 Brokerage 4.3 Usability 4.0 Customer Service Rated 4.8 stars Overall Rated By 4 Traders Rate Contact Achiievers Equities


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Fyers

Rs 20

per executed order

Account Opening ChargeNIL Brokerage Account AMCNIL Demat Account AMCRs 400 2 in 1 Account  yes Desktop Trading PlatformFyers One Web Trading PlatformFyers Web Trader -http://webtrader.fyers.in/userMaster/login Mobile Trading PlatformFyers Markets Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 3.4 Fees 3.8 Brokerage 4.2 Usability 4.0 Customer Service Rated 3.8 stars Overall Rated By 5 Traders Rate Contact Fyers


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MyValueTrade

Rs 10

per executed order

Minimum BrokerageRs 10 or .01% whichever is lower Account Opening ChargeRs 555 Brokerage Account AMCNil Demat Account AMC400 Rs Per Year (First year free) 2 in 1 Account  yes Desktop Trading PlatformMVT Trader, MVT Classic Web Trading Platformhttps://direct.mastermarts.com/ Mobile Trading PlatformMVT Mobile Margin Trading Funding  Yes Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   No Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 3.7 Fees 4.0 Brokerage 3.2 Usability 3.2 Customer Service Rated 3.2 stars Overall Rated By 9 Traders Rate Contact MyValueTrade


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Tradejini

Rs 20

per executed order

Account Opening ChargeRs 300 Brokerage Account AMCNil Demat Account AMCRs 300 2 in 1 Account  yes Desktop Trading PlatformNEST Trader & NSE NOW Web Trading Platformhttp://trade.tradejini.com/ Mobile Trading PlatformNEST Mobile & NSE NOW Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund   Yes 3.0 Fees 3.0 Brokerage 3.0 Usability 3.0 Customer Service Rated 3.0 stars Overall Rated By 1 Traders Rate Contact Tradejini


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MDirect

Rs 18

per executed order

Account Opening ChargeRs 500 Brokerage Account AMCNil Demat Account AMCRS 400/p.a - Waived for 1st year 2 in 1 Account  yes Desktop Trading PlatformMdirect Nest Plus Web Trading PlatformMdirect Nest Plus Mobile Trading PlatformMdirect Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  No Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No Fees Brokerage Usability Customer Service Overall Rated By Traders Rate Contact MDirect


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Special Offers

First 5 orders Free, First year DP AMC Free, Free research

Beeline

Rs.18 per order

per executed order

Minimum BrokerageRs.25 [in % base plan] Account Opening ChargeFREE Brokerage Account AMCFREE Demat Account AMCRs 876 (One time - Life time) 2 in 1 Account  yes Desktop Trading PlatformNOW, ODIN Web Trading Platformhttp://trading.beelinebroking.com/html5/ Mobile Trading PlatformNSE NOW Margin Trading Funding  No Combined Ledger for Eq & Comm  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 1.0 Fees 5.0 Brokerage 3.0 Usability 2.0 Customer Service Rated 1.0 stars Overall Rated By 1 Traders Rate Contact Beeline


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