Comparison of discount share brokers in India-2019

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 a 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 BrokerageNA Account Opening ChargeRs 650 + GST(Free Now Promotion Offer) Brokerage Account AMCFree Demat Account AMCRs 45 PM if Trade, else Zero 2 in 1 Account  yes Desktop Trading Platform5paisa Trade Station Web Trading Platformhttps://www.5paisa.com/online-trading Mobile Trading Platform5paisa Mobile App Margin Trading Funding  Yes Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.2 Fees 3.9 Brokerage 3.5 Usability 3.0 Customer Service Rated 3.4 stars Overall Rated By 21 Traders Rate Review >> Brokerage Plan >>

Zerodha

Rs 20

per executed order

Minimum BrokerageNIL Account Opening ChargeRs 200 Brokerage Account AMCFree Demat Account AMCRs 300 PA 2 in 1 Account  yes Desktop Trading PlatformZerdha PI Web Trading Platformhttps://kite.zerodha.com/ 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 4.0 Fees 4.5 Brokerage 3.7 Usability 3.8 Customer Service Rated 3.9 stars Overall Rated By 154 Traders Rate Review >> Brokerage Plan >>

ProStocks

Rs 15

per executed order

Minimum BrokerageNA Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 0 (Rs 1000 Refundable Deposit) 2 in 1 Account  yes Desktop Trading PlatformProStocks Desktop Web Trading Platformhttps://www.prostocksweb.com/ Mobile Trading PlatformProStocks Mobile 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 Review >> Brokerage Plan >>

Upstox

Rs 20

per executed order

Account Opening ChargeRs 150 Equity/ Rs 150 Commodity Brokerage Account AMCFree Demat Account AMCRs 150 PA (Waived for 1st year) 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 3.3 Fees 3.8 Brokerage 3.3 Usability 3.1 Customer Service Rated 3.3 stars Overall Rated By 8 Traders Rate Review >> Brokerage Plan >>

Fyers

Rs 20

per executed order

Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 400 PA 2 in 1 Account  yes Desktop Trading PlatformFyers One Web Trading Platformhttp://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 Review >> Brokerage Plan >>

Beeline

Rs 18

per executed order

Minimum BrokerageRs.25 [in % base plan] Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 876 Life time AMC 2 in 1 Account  yes Desktop Trading PlatformNOW, ODIN Web Trading Platformhttp://trading.beelinebroking.com/html5/ Mobile Trading PlatformBeeline Broking App 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   No 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 Review >> Brokerage Plan >>

Alice Blue

Rs 20

per executed order

Minimum BrokerageNA Account Opening ChargeRs 310 for Equity and Rs 120 for Commodities Brokerage Account AMCFree Demat Account AMCFree Lifetime AMC 2 in 1 Account  yes Desktop Trading PlatformANT Desk Mobile Trading PlatformANT Mobile Margin Trading Funding  No Combined Ledger for Eq & Comm  Yes NRI Share Trading Account  Yes 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 Review >> Brokerage Plan >>

Finvasia

Rs 0

per executed order

Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCFree 2 in 1 Account  yes Desktop Trading PlatformNEST& NSE NOW Web Trading Platformhttps://trade.finvasia.com/ Mobile Trading PlatformSCALPERT 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   Yes Debt Fund   Yes 3.0 Fees 3.8 Brokerage 4.0 Usability 3.4 Customer Service Rated 3.6 stars Overall Rated By 5 Traders Rate Review >> Brokerage Plan >>

TradePlusOnline

99 Rs PM Plan*

per executed order

Account Opening ChargeRs 199 Brokerage Account AMCFree Demat Account AMCRs 900 for 10 Yrs 2 in 1 Account  yes Desktop Trading PlatformINFINI TRADER Web Trading Platformhttps://infini.tradeplusonline.com/ Mobile Trading PlatformTradeplus Mobile Margin Trading Funding  Yes 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 4.4 Fees 4.8 Brokerage 4.0 Usability 4.0 Customer Service Rated 4.2 stars Overall Rated By 25 Traders Rate Review >> Brokerage Plan >>

SAMCO

20 Rs

per executed order

Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 400 PA 2 in 1 Account  yes Desktop Trading PlatformSAMCO NEST Web Trading Platformhttps://trade.samco.in/Samruddi/Login/indexauth.jsp Mobile Trading PlatformStockNote 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 4.7 Brokerage 4.1 Usability 4.1 Customer Service Rated 4.3 stars Overall Rated By 30 Traders Rate Review >> Brokerage Plan >>

SAS Online

Rs 9 or 999 PM

per executed order

Minimum BrokerageNIL Account Opening ChargeRs 200 Brokerage Account AMCFree Demat Account AMCFree 2 in 1 Account  yes Desktop Trading PlatformSAS NEST TRADER Web Trading Platformhttps://alpha.sasonline.in/ Mobile Trading PlatformAlpha 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 3.7 Fees 4.7 Brokerage 3.9 Usability 4.4 Customer Service Rated 4.5 stars Overall Rated By 10 Traders Rate Review >> Brokerage Plan >>

Trade Smart Online

Rs 15

per executed order

Minimum BrokerageRs 15 Account Opening ChargeRs 200 Brokerage Account AMCFree Demat Account AMCRs 300 PA 2 in 1 Account  yes Desktop Trading PlatformNSE NOW, NEST Web Trading Platformhttps://sine.tradesmartonline.in/userMaster/login Mobile Trading PlatformSine 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 4.4 Brokerage 3.7 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 34 Traders Rate Review >> Brokerage Plan >>

MyValueTrade

Rs 10

per executed order

Minimum BrokerageRs 10 or .01% whichever is lower Account Opening ChargeRs 555 Brokerage Account AMCFree Demat Account AMCRs 400 PA (Waived for 1st year) 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  Yes 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 Review >> Brokerage Plan >>

Tradejini

Rs 20

per executed order

Account Opening ChargeRs 300 Brokerage Account AMCFree Demat Account AMCRs 300 PA 2 in 1 Account  yes Desktop Trading PlatformNEST Trader Web Trading Platformhttp://trade.tradejini.com/ Mobile Trading PlatformTradeJini 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 Review >> Brokerage Plan >>

Wisdom Capital

Rs 9

per executed order

Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 999 Life time AMC 2 in 1 Account  yes Desktop Trading PlatformNSE NOW/ALPHA Web Trading Platformhttp://trade.wisdomcapital.in./ Mobile Trading PlatformTradeEye 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 4.3 Fees 4.4 Brokerage 3.1 Usability 4.3 Customer Service Rated 3.9 stars Overall Rated By 7 Traders Rate Review >> Brokerage Plan >>

Achiievers Equities

Rs 15

per executed order

Account Opening ChargeRs 750 Brokerage Account AMCFree Demat Account AMCRs 400 PA 3 in 1 Account  Yes Desktop Trading PlatformAchiievers Desk Web Trading Platformhttp://www.nowonline.in/ Mobile Trading PlatformAchiievers Mobi 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   No 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 Review >> Brokerage Plan >>

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