Top 5 Discount Brokers in India l CompareShareBrokers.com

	Zerodha	Upstox	5paisa	Alice Blue	Groww

About The Brokers	Zerodha : Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that >>> more	Upstox : "Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co >>> more	5paisa : "Low Brokerage, decent trading platforms, provision of tips & recommendation makes 5 Paisa a player who offers more than the value for money services to his customers. >>> more	Alice Blue : "Started in 2006, Alice Blue provides Stock & Commodity trading at the lowest brokerage fee and has a network of 17 branches located in major cities along with more th >>> more	Groww : "Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas >>> more
Find More Information about the Broker :	Zerodha : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Upstox : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	5paisa : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Alice Blue : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES
Type of Broker	Zerodha : Discount Broker	Upstox : Discount Broker	5paisa : Discount Broker	Alice Blue : Discount Broker	Groww : Discount Broker
Promo/offers	Zerodha : Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer	Upstox : Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer	5paisa : Special Offer: Free Direct Mutual fund + Free Account Opening + Pay-as-you-go Demat AMC + Trade at flat Rs 20 per order. Get the offer	Alice Blue : Special Offer: Brokerage free Equity Delivery trading+ Flat ₹15 and F&O trades. Get the offer	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer
Advantage	Zerodha : No Brokerage on Equity delivery & Mutual Fund. Flat rate for stock trading. Own DP services. Strong Customer service . Good Brokerage & Margin Calculator. Offers up to 20x leverage on intraday trading. Offers most advanced online trading tools. Offers facility to apply on-line IPO . Zerodha offers referral program to its customers.	Upstox : No Brokerage on Mutual funds. DEMAT AMC free for Life Low cost Brokerage Self-directed, easy to use online learning for all levels Easy to get started with Aadhar based signup Good Brokerage & Margin Calculator Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you	5paisa : It provides service equivalent to full-service broker though it discount broker. It is one of the cheapest stock brokers in India and charges brokerage starting from Rs 10 per executed order. Provide trading facility in Equity & derivatives, Future & Options (F&O) and Currency segments. Robo Advisory platform to builds a fully customized mutual fund investment portfolio. One mobile app for all services like trading in equity & derivatives, IPOs, Mutual Funds, and Insurance. Above average customer service as a perk of its parent company, i.e., IIFL. Offers free technical, derivative and fundamental research & advice to customers for additional cost. You can choose from Add-on-packs Free trading platform including mobile app, website and desktop trading terminal. No software charges.	Alice Blue : Free Delivery Trade Lowest Brokerage charges on Intrady & F&O at Rs 15 Per Trade. commission Free mutual fund investment Free Trading & Demate account opening Instant digital account opening No minimum brokerage. No minimum commitment. No Prepaid Plans. ANT Trading Software is available for free to all its customers. The daily market report is available for free to all customers. Free API for Algo trading. Up to 10 times exposure on Equity via Bracket Order..	Groww : Free research services No DP charges on buy & low brokerage. Commission Free mutual fund investment Free Demat & Trading account, No charges on account opening Zero Clearing Charges Zero Demat AMC Charges Option to invest online in digital gold.
Disadvantage	Zerodha : No margin funding. Very High charges on Call and Trade @ ₹50 per call. Charges on Funds Transfer @ ₹9 per fund transfer. Charges on SMS Tradw alerts.₹1 for Equity, F&O, and Currency trade alerts and ₹0.50 for Commodity Additional charge of ₹50 per executed order for MIS/BO/CO positions which are not square off by the customer. Doesn't provide stock tips, research reports or recommendations. Doesn't offer Unlimited Trading Plans.	Upstox : No margin funding Does not provide Tips & recommendation Turnover charges on futures and options is higher than competitors Upstox doesn't offer unlimited monthly trading plans. Doesn't offer research based services. Charges on Funds Transfer @ ₹7 per fund transfer.	5paisa : Does not have a physical presence anywhere all over India-No branches. Does not provide monthly or yearly plans for trading. Does not provide the facility of trading in commodity Call & Trade is available at an additional cost of Rs 100 per call in Power Investor Pack. The customer can place any number of trades in one call for Flat Rs 100 fee.	Alice Blue : Does not provide a 3in1 account facility. Does not provide trading options: GTC (Good Till Cancelled) & GTT orders Do not Offer NRI Trading 3rd party trading tools are not free and charge a subscription fee. Online IPO, NCD, and Corporate bonds are not available. Broker-assisted trades (Call & Trade) are available at an extra Rs 20 per executed order.	Groww : No F&O Trading, Grow does not provide Options & Future Trading. Does not provide a 3in1 account facility. Does not provide commodity Trading Does not provide trading options: Bracket, GTT orders, etc does not provide Margin trading facilityc No Call and Trade services No Margin against shares Does not offer NRI Trading
Why This	Zerodha : Zerodha Charge flat rate of ₹20 per executed order. Zerodha does not charge any brokerage on Equity delivery transactions. Zerodha provides platform to invest in mutual funds. Innovative trading platform. No upfront fee, no minimum brokerage and no minimum contract charges. The largest stockbroker by active clients, market volume. Zero brokerage Direct Mutual Funds. Offers up to 20x leverage on intraday trading.	Upstox : Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery, intraday and F&O trades. After Market Order (AMO), Cover Order and BO are available on both web and mobile. Trailing-Stop/Stop-Loss (SL) is available in both web and mobile. Zero Demat AMC, Free demat account for life. Offers NRI trading. Offers Mutual Fund Investment, SIP Investement. Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.	5paisa : It is one of the renowned stockbrokers who provide broking service to its clients at a nominal rate. 5 Paisa offers broking service, opportunity to invest in mutual funds, insurance facility, and various other financial products to diversify your portfolio. All trading platform of 5 paisa.com has an excellent user interface. High-quality investment advice from an experienced research team is leveraging from the parent stock broking company India Infoline."	Alice Blue : Free Delivery Trade, Alice Blue does not charge any brokerage on Delivery trade. They offer Equity intraday trade at ₹15 or 0.01% (whichever is lower) Alice Blue provides mutual funds investment at Zero Commission, No transaction charges, 100% paperless online Demat account opening Advanced Trading Tools- ANT Meta and , ANT Scanner. and other 3rd party tools. Free trading software's to all its customers. Trade School an online resource for learning investment concepts and trading skills. Experience trust of over 20 years as a full-service broker. Advanced charts and other options like cover order,bracket order and Aftermarket order (AMO) are available Provides Brokerage & Margin Calculator	Groww : Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade. Equity intraday trade at Rs. 20 or 0.05% (whichever is lower) Groww provides mutual funds investment at Zero Fees, No transaction charges, 100% paperless online Demat account opening 128 bit SSL Encryption Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost No DP charges on buy. Highly rated Groww mobile App Facility to invest in US Stocks

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Account Opening & AMC Charges

Zerodha Trading Account Opening Fee is ₹200 and Upstox Trading Account Opening Fee is ₹249+GST and 5paisa Trading Account Opening Fee is ₹0 and Alice Blue Trading Account Opening Fee is ₹0 and Groww Trading Account Opening Fee is ₹0 (Free) . Zerodha Demat Account AMC is ₹300 and Upstox Demat Account AMC is ₹0 (Free) and 5paisa Demat Account AMC is ₹75/ Quarter (HV>50K), ₹0 <50k and Alice Blue Demat Account AMC is ₹0 and Groww Demat Account AMC is ₹0 (Free) .

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Trading Account Opening Fee	Trading Account Opening Fee : ₹200	Trading Account Opening Fee : ₹249+GST	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : ₹300	Demat Account AMC : ₹0 (Free)	Demat Account AMC : ₹75/ Quarter (HV>50K), ₹0 <50k	Demat Account AMC : ₹0	Demat Account AMC : ₹0 (Free)
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : ₹0 (Free)	Trading Account AMC : ₹0	Trading Account AMC : ₹400	Trading Account AMC : ₹0 (Free)

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Brokerage Charges

Zerodha Brokerage Charges Equity Delivery is ₹0 (Free) and Equity Intraday is ₹20 per executed order or .03% whichever is lower and Equity Options is ₹20 per executed order . Upstox Brokerage Charges Equity Delivery is ₹20 per executed order or 2.5% whichever is lower and Equity Intraday is ₹20 per executed order or 0.05% whichever is lower and Equity Options is ₹20 per executed order . 5paisa Brokerage Charges Equity Delivery is ₹20 per executed order and Equity Intraday is ₹20 per executed order and Equity Options is ₹20 per executed order . Alice Blue Brokerage Charges Equity Delivery is Free and Equity Intraday is 0.01 or ₹15/Trade whichever is lower and Equity Options is Flat ₹15 per executed order . Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade .

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Plan Name	Plan Name : Standard Plan	Plan Name : Basic Plan	Plan Name : Basic Plan	Plan Name : Freedom Plan (F15)	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : ₹0 (Free)	Equity Delivery : ₹20 per executed order or 2.5% whichever is lower	Equity Delivery : ₹20 per executed order	Equity Delivery : Free	Equity Delivery : Rs.20 per executed order or 0.05% of order value
Equity Intraday	Equity Intraday : ₹20 per executed order or .03% whichever is lower	Equity Intraday : ₹20 per executed order or 0.05% whichever is lower	Equity Intraday : ₹20 per executed order	Equity Intraday : 0.01 or ₹15/Trade whichever is lower	Equity Intraday : Rs.20 per executed order or 0.05% of order value
Equity Future	Equity Future : ₹20 per executed order or .03% whichever is lower	Equity Future : ₹20 per executed order or 0.05% whichever is lower	Equity Future : ₹20 per executed order	Equity Future : 0.01 or ₹15/Trade whichever is lower	Equity Future : Flat Rs.20 per Trade
Equity Options	Equity Options : ₹20 per executed order	Equity Options : ₹20 per executed order	Equity Options : ₹20 per executed order	Equity Options : Flat ₹15 per executed order	Equity Options : Flat Rs.20 per Trade
Currency Futures	Currency Futures : ₹20 per executed order or .03% whichever is lower	Currency Futures : ₹20 per executed order or 0.05% whichever is lower	Currency Futures : ₹20 per executed order	Currency Futures : 0.01 or ₹15/Trade whichever is lower	Currency Futures : Trade Not Available
Currency Options	Currency Options : ₹20 per executed order or .03% whichever is lower	Currency Options : ₹20 per executed order	Currency Options : ₹20 per executed order	Currency Options : Flat ₹15 per executed order	Currency Options : Trade Not Available
Monthly Fee	Monthly Fee : NO	Monthly Fee : NA	Monthly Fee : NA	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading : NO	Margin Trading : NA	Margin Trading : 0.05%	Margin Trading : Yes	Margin Trading : NA
Commodity Futures	Commodity Futures : ₹20 per executed order or .03% whichever is lower	Commodity Futures : ₹20 per executed order or 0.05% whichever is lower	Commodity Futures : Rs 20 per executed order	Commodity Futures : 0.01 or ₹15/Trade whichever is lower	Commodity Futures : Trade Not Available
Commodity Options	Commodity Options : ₹20 per executed order or .03% whichever is lower	Commodity Options : ₹20 per executed order	Commodity Options : ₹20 per executed order	Commodity Options : Flat ₹15 per executed order	Commodity Options : Trade Not Available

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Transaction Charges (Per Crore)

Zerodha Transaction Charges (Per Crore) Equity Future is NSE ₹190 per Cr (0.0019%) and Equity Options is NSE ₹5000 per Cr (0.05%) (on premium) . Upstox Transaction Charges (Per Crore) Equity Future is NSE ₹210 per Cr (0.0021%) and Equity Options is NSE ₹5500 per Cr (0.055%) (on premium) . 5paisa Transaction Charges (Per Crore) Equity Future is ₹210 per crore (0.0021%) and Equity Options is ₹5100 per crore (0.051%) (on premium) . Alice Blue Transaction Charges (Per Crore) Equity Future is NSE ₹200 per Cr (0.0020%) and Equity Options is NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side) . Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) .

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Equity Delivery	Equity Delivery : NSE ₹325 per Cr (0.00325%) \| BSE ₹300 per Cr (0.003%) (each side)	Equity Delivery : NSE ₹325 per Cr (0.00325%) (each side)	Equity Delivery : ₹325 per crore (0.00325%)	Equity Delivery : NSE ₹345 per Cr (0.00325%) \| BSE ₹345 per Cr	Equity Delivery : NSE ₹345 per Cr \| BSE ₹345 per Cr
Equity Intraday	Equity Intraday : NSE ₹325 per Cr (0.00325%) \| BSE ₹300 per Cr (0.003%) (each side)	Equity Intraday : NSE ₹325 per Cr (0.00325%) (each side)	Equity Intraday : ₹325 per crore (0.00325%)	Equity Intraday : NSE ₹345 per Cr (0.00325%) \| BSE ₹345 per Cr	Equity Intraday : NSE ₹345 per Cr \| BSE ₹345 per Cr
Equity Future *	Equity Future : NSE ₹190 per Cr (0.0019%)	Equity Future : NSE ₹210 per Cr (0.0021%)	Equity Future : ₹210 per crore (0.0021%)	Equity Future : NSE ₹200 per Cr (0.0020%)	Equity Future : NSE: 0.0019% \| BSE 0.003% (each side)
Equity Options *	Equity Options : NSE ₹5000 per Cr (0.05%) (on premium)	Equity Options : NSE ₹5500 per Cr (0.055%) (on premium)	Equity Options : ₹5100 per crore (0.051%) (on premium)	Equity Options : NSE ₹5300 per Cr (0.053%) \| BSE ₹1 per trade (each side)	Equity Options : NSE: 0.0019% \| BSE 0.003% (each side)
Currency Futures *	Currency Futures : NSE ₹90 per Cr (0.0009%) \| BSE ₹22 per Cr (0.00022%)	Currency Futures : NSE ₹130 per Cr (0.0013%) \| BSE ₹26 per Cr (0.00026%)	Currency Futures : ₹210 per crore (0.0021%)	Currency Futures : NSE ₹260 per Cr (0.00026%)	Currency Futures : NA
Currency Options	Currency Options : NSE ₹3500 per Cr (0.035%) \| BSE ₹100 per Cr (0.001%) (on premium)	Currency Options : NSE ₹2900 per Cr (0.029%) \| BSE ₹2600 per Cr (0.026%) (on premium)	Currency Options : ₹5100 per crore (0.051%) (on premium)	Currency Options : NSE ₹3260 per Cr (0.032%) (on premium)	Currency Options : NA
Commodity	Commodity : Group A - ₹260 per Cr (0.0026%)	Commodity : Group A - ₹290 per Cr (0.0029%)	Commodity : -	Commodity : ₹375 per Cr (0.00375%)	Commodity : NA

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Other Charges

Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is ₹50 per executed order . Upstox Minimum Brokerage is 0.05% and Call & Trade is ₹20 + GST per order placed. . 5paisa Minimum Brokerage is ₹20 per trade and Call & Trade is ₹100 per call (any number of trades in a call) . Alice Blue Minimum Brokerage is ₹0 and Call & Trade is ₹20 per executed order . Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA .

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Minimum Brokerage	Minimum Brokerage : 0.03% in Intraday and F&O	Minimum Brokerage : 0.05%	Minimum Brokerage : ₹20 per trade	Minimum Brokerage : ₹0	Minimum Brokerage : ₹20 or 0.05% per executed order
Call & Trade	Call & Trade : ₹50 per executed order	Call & Trade : ₹20 + GST per order placed.	Call & Trade : ₹100 per call (any number of trades in a call)	Call & Trade : ₹20 per executed order	Call & Trade : NA
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : (On buy side only) Delivery: 0.015%, Intraday: 0.03%, Equity F&O: 0.002%, Commodity F&O: 0.002% and Currency F&O: 0.0001%	Stamp Duty : (On buy side only) Delivery: 0.015%, Intraday: 0.03%, Equity F&O: 0.002%, Commodity F&O: 0.002% and Currency F&O: 0.0001%	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%
DP Charges (on sell side)	DP Charges (on sell side) : ₹13.5 per scrip	DP Charges (on sell side) : ₹13 plus ₹5.50 (CDSL charges) per scrip.	DP Charges (on sell side) : ₹12.5 per transaction per script	DP Charges (on sell side) : ₹15 per transaction	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS	Other Miscellaneous Charges : Adhoc / Non periodic statement requests: ₹25	Other Miscellaneous Charges : ₹10 /pay In Transaction, delayed Int 0.06% /day	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Features

Zerodha and Upstox and 5paisa and Alice Blue and Groww all offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Trading Platform	Trading Platform : Pi, Kite, NEST	Trading Platform : Upstox Pro Web, Dartstock, NEST Trader, Fox Trader	Trading Platform : 5paisa Trade Station (Web, Mobile App and EXE)	Trading Platform : Front End: ANT \| Back End: Omnesys NEST	Trading Platform : Groww Web , Groww Mobile
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : -	Placing orders through charts : Yes	Placing orders through charts : Yes	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes	Trading Alerts : Yes	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : Yes	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : Direct MFs, APIs	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,	Unique features & Offers : Algo Trading, Swing Trader,	Unique features & Offers : Algo Trading	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,
Referral Program	Referral Program : Yes	Referral Program : Yes	Referral Program : -	Referral Program : Yes	Referral Program : No
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Demat Account Charges

A comparative table of various demat account charges between Zerodha and Upstox and 5paisa and Alice Blue and Groww is below:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL	Depository Service Provider : CDSL	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹200	Account Opening Fee : ₹0 (Free)	Account Opening Fee : Rs 0	Account Opening Fee : Nil	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : Nil	Advance Deposit : NIL	Advance Deposit : ₹0	Advance Deposit : NA	Advance Deposit : NIL
AMC	AMC : ₹0 (Free)	AMC : ₹300	AMC : ₹75/ Quarter (HV>50K), ₹0 <50k	AMC : ₹400	AMC : ₹0 (Free)
Dematerialisation Charges	Dematerialisation Charges : ₹150 per certificate (+ ₹100 Courier charges)	Dematerialisation Charges : ₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.	Dematerialisation Charges : ₹15 per certificate +₹40 postal charges	Dematerialisation Charges : Rs 10 per certificate + Rs 50 per request	Dematerialisation Charges : ₹150 per certificate + courier charges
Rematerialisation Charges	Rematerialisation Charges : ₹150 per certificate + CDSL charges + ₹100 Courier charges	Rematerialisation Charges : ₹25 per certificate or 0.05% of the value whichever is higher	Rematerialisation Charges : ₹15 per certificate +₹40 postal charges	Rematerialisation Charges : Rs 30 (Per certificate) + CDSL Charges	Rematerialisation Charges : ₹150 per certificate + courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -	Transaction Charges (Credit) : Nil	Transaction Charges (Credit) : -	Transaction Charges (Credit) : NA
Transaction Charges (debit)	Transaction Charges (debit) : ₹8 + ₹5.5 (CDSL charges)	Transaction Charges (debit) : ₹20 per debit instruction	Transaction Charges (debit) : ₹12.50 per debit transaction	Transaction Charges (debit) : Rs 15 flat for every debit transaction	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN
Pledge Creation Charges	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL charges)	Pledge Creation Charges : 0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual	Pledge Creation Charges : ₹50 Normal Pledge,₹12.5margin Pledge, ₹25 for MTF	Pledge Creation Charges : Rs 20 + Rs 12 per request (CDSL Charges)	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : Nil	Pledge Creation Confirmation Charges : 0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual	Pledge Creation Confirmation Charges : ₹50	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))
Pledge Invocation Charges	Pledge Invocation Charges : ₹20	Pledge Invocation Charges : 0.05% of transaction charges subject to a minimum of ₹50	Pledge Invocation Charges : ₹12.50	Pledge Invocation Charges : Rs 20	Pledge Invocation Charges : ₹20
Failed Instruction Charges	Failed Instruction Charges : ₹50 per instruction	Failed Instruction Charges : ₹50 per transaction	Failed Instruction Charges : -	Failed Instruction Charges : Rs 50 per ISIN	Failed Instruction Charges : ₹50 per ISIN
Other Charges	Other Charges : Cheque Bounce- ₹350 Physical Statement - ₹50 (Courier charges) Modification in CML - ₹25 per request KRA Upload / Download - ₹50 per request Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.	Other Charges : Demat Rejection Charges: ₹35 per rejection	Other Charges : ₹10 /pay In Transaction, delayed Int 0.06% /day	Other Charges : -	Other Charges : KYC Modification Request : ₹50

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Basic Details

Zerodha Year of Incorporation is 2010 and Total Number of Clients is 5685723 and Total Number of Branches is 22 . Upstox Year of Incorporation is 2012 and Total Number of Clients is 4551755 and Total Number of Branches is 4 . 5paisa Year of Incorporation is 1996 and Total Number of Clients is 1459744 and Total Number of Branches is 900 . Alice Blue Year of Incorporation is 2006 and Total Number of Clients is 147637 and Total Number of Branches is 17 . Groww Year of Incorporation is 2016 and Total Number of Clients is 2964344 and .

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Year of Incorporation	Year of Incorporation : 2010	Year of Incorporation : 2012	Year of Incorporation : 1996	Year of Incorporation : 2006	Year of Incorporation : 2016
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX and NCDEX	Active Exchange Memberships : BSE, NSE, MCX	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE and BSE
Demat Services	Demat Services : No	Demat Services : No	Demat Services : Yes	Demat Services : No	Demat Services : From CDSL
Website	Website : https://zerodha.com	Website : www.upstox.com	Website : www.5paisa.com	Website : www.aliceblueonline.com	Website : https://groww.in/
Contact Details	Contact Details : 080-40402020	Contact Details : +91-22-6130-9999	Contact Details : +918976689766	Contact Details : 080-61575500\|080-45490850	Contact Details : -
Total Number of Clients	Total Number of Clients : 5685723	Total Number of Clients : 4551755	Total Number of Clients : 1459744	Total Number of Clients : 147637	Total Number of Clients : 2964344
Total Number of Branches	Total Number of Branches : 22	Total Number of Branches : 4	Total Number of Branches : 900	Total Number of Branches : 17	Total Number of Branches : -
Products *	Products : Kite Web, Kite Mobile for Android/iOS and Coin	Products : Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.	Products : 5Paisa Mobile app, 5paisa trade station, 5paisa trade terminal	Products : Mutual Fund, Equity, Currency & Commodity	Products : GROWW MOBILE APP

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Leverage

Leverage

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Equity Delivery	Equity Delivery : 1x (no margin)	Equity Delivery : 1x (no margin)	Equity Delivery : 100% of trade value (1x leverage)	Equity Delivery : Intraday: 20x \| Bracket Order: 20x \| Cover Order: NA \| CNC-Delivery: 3x	Equity Delivery : 1x (no margin)
Equity Intraday	Equity Intraday : Up to 20x (based on the stock)	Equity Intraday : Basic: 15x \| Priority: 20x \| Basic CO: 20x \| Priority CO: 27x	Equity Intraday : Up to 20% of trade value (5x leverage)	Equity Intraday : Intraday: 20x \| Bracket Order: 20x \| Cover Order: NA \| CNC-Delivery: 3x	Equity Intraday : Up to 8x (based on the stock)
Equity Futures	Equity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Equity Futures : Basic: 3x \| Priority: 3x \| Basic CO: 5x \| Priority CO: 6x	Equity Futures : -	Equity Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Equity Futures : NA
Equity Options	Equity Options : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Equity Options : Basic: 3x \| Priority: 3x \| Basic CO: 3x \| Priority CO: 3x	Equity Options : -	Equity Options : Intraday: Buy-3x Sell 10x \| Bracket Order: NA \| Cover Order: NA \| CNC-Delivery: 1x	Equity Options : NA
Currency Futures	Currency Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Currency Futures : Basic:4x \| Priority:4x \| Basic CO:4x \| Priority CO:5x	Currency Futures : -	Currency Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Currency Futures : NA
Currency Options	Currency Options : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Currency Options : Basic: 4x \| Priority: 4x \| Basic CO: 4x \| Priority CO: 5x	Currency Options : -	Currency Options : Intraday: Buy-3x Sell 10x \| Bracket Order: NA \| Cover Order: NA \| CNC-Delivery: 1x	Currency Options : NA
Commodity Futures	Commodity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span	Commodity Futures : Basic: 2.5x \| Priority: 3x \| Basic CO: 3x \| Priority CO: 4x	Commodity Futures : -	Commodity Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Commodity Futures : NA
Commodity Options	Commodity Options : -	Commodity Options : -	Commodity Options : -	Commodity Options : -	Commodity Options : NA
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : 100% of NRML margin (Span+Exposure) (1x leverage)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Orders

Orders

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : Yes	Cover Orders (CO) : Yes	Cover Orders (CO) : Yes	Cover Orders (CO) : NO
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : NO
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes	After Market Orders (AMO) : Yes	After Market Orders (AMO) : No
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No	Equity Trading Recommendation : Yes	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No	Equity Investment Recommendation : Yes	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No	Comparison : No	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No	Free Tips : Yes	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No	Daily Market report : Yes	Daily Market report : Yes	Daily Market report : No
ETF research *	ETF research : No	ETF research : No	ETF research : No	ETF research : No	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No	Quarterly Results : No	Quarterly Results : No	Quarterly Results : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : -	Availability for franchisee / AP : -	Availability for franchisee / AP : -	Availability for franchisee / AP : NA
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.11,000	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : NA

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Product & Services

Zerodha and Upstox and 5paisa and Alice Blue and Groww all offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes	Delivery Based Trading : Yes	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	Margin Trading : Yes	Margin Trading : Yes	Margin Trading : Yes	Margin Trading : NA
Call in Trade *	Call in Trade : Yes	Call in Trade : Yes	Call in Trade : Rs 100 Per call	Call in Trade : Yes	Call in Trade : NA
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : Yes	Limit Order : Yes	Limit Order : Yes	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : Yes	NRI Services : Yes	NRI Services : Yes	NRI Services : No	NRI Services : NO
SMS Alerts *	SMS Alerts : No	SMS Alerts : No	SMS Alerts : Yes	SMS Alerts : No	SMS Alerts : YES
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No	Offers Multiple Plan : Yes	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : No	IPO Investment : No	IPO Investment : Yes	IPO Investment : No	IPO Investment : YES
Portfolio Analysis *	Portfolio Analysis : Yes	Portfolio Analysis : Yes	Portfolio Analysis : Yes	Portfolio Analysis : No	Portfolio Analysis : NO
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes	Advanced Charting Features : Yes	Advanced Charting Features : Yes	Advanced Charting Features : No
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes	Brokerage Calculator : Yes	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : Yes	Margin Calculator : Yes	Margin Calculator : Yes	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes	Stop Loss Order : Yes	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : No
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes	Equity Future & Option Trading : No
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes	Currency Future & Option Trading : No
Market Trading *	Market Trading : Yes	Market Trading : Yes	Market Trading : Yes	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No	Aumtomated Trading : Yes	Aumtomated Trading : Yes	Aumtomated Trading : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Customer Services

Zerodha and Upstox and 5paisa and Alice Blue and Groww all offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Toll Free Number *	Toll Free Number : No	Toll Free Number : No	Toll Free Number : No	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : Yes	Live Chat Facility : No	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes	Email Facility : Yes	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : Yes	Branch Offices : Yes	Branch Offices : No	Branch Offices : Yes	Branch Offices : No
Customer Care *	Customer Care : Yes	Customer Care : Yes	Customer Care : No	Customer Care : No	Customer Care : No
Community Service *	Community Service : Yes	Community Service : Yes	Community Service : No	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No	Relationship Manager : No	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No	24/7 Support : No	24/7 Support : No	24/7 Support : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Other Investement

Zerodha and Upstox and 5paisa and Alice Blue and Groww all offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : Yes	Commodity Trading : Yes	Commodity Trading : Yes	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes	Investment in ETFs : Yes	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No	Investment in Bonds : No	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No	Insurance Services : Yes	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No	Banking Services : No	Banking Services : No	Banking Services : No

Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Trading PlatForm

Zerodha and Upstox and 5paisa and Alice Blue and Groww all offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Zerodha	Upstox	5paisa	Alice Blue	Groww
Web Platform *	Web Platform : Yes	Web Platform : Yes	Web Platform : Yes	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes	Android Mobile App : Yes	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : Yes	Desktop Windows : Yes	Desktop Windows : Yes	Desktop Windows : No
Desktop Mac *	Desktop Mac : No	Desktop Mac : No	Desktop Mac : No	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : Yes	I-Pad App : No	I-Pad App : Yes	I-Pad App : Yes
Virtual Trading *	Virtual Trading : No	Virtual Trading : No	Virtual Trading : Yes	Virtual Trading : No	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes	iPhone Mobile App : Yes	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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