Top Discount Brokers in India Comparison-2018

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  

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 ,NSE NOW Web Trading Platformhttps://www.prostocksweb.com/ Mobile Trading PlatformProStocks Mobile Trading 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 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 4.1 Fees 4.5 Brokerage 3.7 Usability 3.9 Customer Service Rated 4.0 stars Overall Rated By 148 Traders Rate Contact Zerodha


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Special Offers

Special Offer:Take part in Zerodha 60 day challenge and get brokerage reversal* upto Rs 6000. Sign up now .

5paisa

Rs 10

per executed order

Minimum BrokerageNA Account Opening ChargeRs 650 Brokerage Account AMCFree Demat Account AMCRs 400 PA 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  No NRI Share Trading Account  Yes Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.1 Fees 3.8 Brokerage 3.4 Usability 2.9 Customer Service Rated 3.4 stars Overall Rated By 16 Traders Rate Contact 5paisa


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Special Offers

Open 5Paisa Trading A/C and get FREE Mutual Fund A/C, FREE 1st yr DP AMC, Trade @flat Rs.10 per order. Sign up now

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 Ltd BackOffice 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 Contact Beeline


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Special Offers

Get 15 days brokerage free trading + Lifetime Rs 0 AMC Demat Account for ?176 one time fee. Use Coupon CHT176 to avail this special offer.Sign up now

Upstox (RKSV)

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 3.6 Fees 4.0 Brokerage 3.4 Usability 3.0 Customer Service Rated 3.4 stars Overall Rated By 5 Traders Rate Contact Upstox (RKSV)


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Special Offers

Get account opening fees as brokerage cashback.Get the offer.

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 3.8 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.

TradePlusOnline

99 Rs PM Plan*

per executed order

Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCRs 1000 Life time AMC 2 in 1 Account  yes Desktop Trading PlatformNSE NOW for Equity,NEST for Commodity -INFINI TRADER Web Trading Platformhttps://infini.tradeplusonline.com/ Mobile Trading PlatformTradeplus Mobile 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 4.4 Fees 4.8 Brokerage 4.0 Usability 4.0 Customer Service Rated 4.2 stars Overall Rated By 25 Traders Rate Contact TradePlusOnline


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Special Offers

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

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


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Special Offers

100% Brokerage Cash Back for 1st Month for trades using Stocknote Mobile App + Free Trading and Demat Account Opening

Finvasia

Rs 0

per executed order

Minimum BrokerageRs 25 Account Opening ChargeFree Brokerage Account AMCFree Demat Account AMCFree 2 in 1 Account  yes 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 Contact Finvasia


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Special Offers

Free Account Opening+Free Demat AMC+Free Trading

RKSV

Rs 20

per executed order

Minimum BrokerageRs 0 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 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 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 4.5 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.

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 4.2 Fees 4.3 Brokerage 3.5 Usability 4.2 Customer Service Rated 4.0 stars Overall Rated By 6 Traders Rate Contact Wisdom Capital


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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 PlatformNSE NOW/ODIN Web Trading Platformhttp://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   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 Contact Achiievers Equities


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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 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 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 Contact MyValueTrade


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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 & NSE NOW Web Trading Platformhttp://trade.tradejini.com/ Mobile Trading PlatformNSE 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 AMCFree Demat Account AMCRs 400 PA (Waived for 1st year) 2 in 1 Account  yes Desktop Trading PlatformMdirect Nest Plus Web Trading Platformhttp://122.179.158.190/sohamrmclient/login.aspx 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

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