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:

Broker Name Account Features Ratings Review
5paisa Review

5paisa

Rs 10

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.3 Fees 4.0 Brokerage 3.5 Usability 2.9 Customer Service Rated 3.4 stars Overall Rated By 22 Traders Rate Review

Brokerage Plan
Zerodha Review

Zerodha

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 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 Review

ProStocks

Rs 15

per executed order

Equity Trading  Yes Mutual Fund   No Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 4.5 Fees 4.5 Brokerage 4.0 Usability 3.5 Customer Service Rated 4.5 stars Overall Rated By 2 Traders Rate Review

Brokerage Plan
Upstox Review

Upstox

Rs 20

per executed order

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 Review

Fyers

Rs 20

per executed order

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
Indiabulls Ventures Review

Indiabulls Ventures

Max Rs 15

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.7 Fees 3.5 Brokerage 3.9 Usability 3.4 Customer Service Rated 3.6 stars Overall Rated By 33 Traders Rate Review

Brokerage Plan
Alice Blue Review

Alice Blue

Rs 20

per executed order

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 Review

Finvasia

Rs 0

per executed order

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 Review

TradePlusOnline

Max Rs 9

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.3 Fees 4.8 Brokerage 3.9 Usability 3.9 Customer Service Rated 4.1 stars Overall Rated By 26 Traders Rate Review

Brokerage Plan
SAMCO Review

SAMCO

Rs 20

per executed order

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 Review

SAS Online

Rs 9 or 999 PM

per executed order

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
TradeSmart Review

TradeSmart

Rs 15

per executed order

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
Beeline Review

Beeline

Rs 18

per executed order

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
MyValueTrade Review

MyValueTrade

Rs 10

per executed order

Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.7 Fees 4.0 Brokerage 3.4 Usability 3.4 Customer Service Rated 3.4 stars Overall Rated By 10 Traders Rate Review

Brokerage Plan
Tradejini Review

Tradejini

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund   Yes 4.0 Fees 3.5 Brokerage 4.0 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 2 Traders Rate Review

Brokerage Plan
Wisdom Capital Review

Wisdom Capital

Rs 9

per executed order

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 Review

Achiievers Equities

Rs 15

per executed order

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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