Top 5 Discount Brokers
As the name suggests, Discount Brokers are the online stock brokers offering cheap brokerage plans to the retail and institutional investors in India. The Discount Broker would charge either flat rate for trading across all the asset class or they charge very minimal brokerage rate. Discount broker offers brokerage services in share and commodities trading. They are also called as flat fee brokers or budget brokers.
Below are the top 5 discount brokers in India based on number of active clients they have:
- Zerodha
- MyValueTrade
- SAS Online
- 5paisa
- ProStocks
(Comparison of all 5 to be shown)
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Zerodha |
MyValueTrade |
SAS Online |
5paisa |
ProStocks |
Zerodha | MyValueTrade | SAS Online | 5paisa | ProStocks |
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About The Brokers |
Zerodha : |
MyValueTrade : |
SAS Online : |
5paisa : |
ProStocks : |
Find More Information about the Broker : |
Zerodha :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
MyValueTrade :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
SAS Online :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
5paisa :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
ProStocks :OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING |
Type of Broker |
Zerodha : |
MyValueTrade : |
SAS Online : |
5paisa : |
ProStocks : |
Promo/offers |
Zerodha :Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
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MyValueTrade :
N/A
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SAS Online :Special Offer: Flat Brokerage of ₹9/ executed order or ₹999/ month,Trade unlimited across segments with zero brokerage.Get the offer
|
5paisa :Special Offer: Free Direct Mutual fund/SIP investment + Flat ₹20 Brokerage on Equity & F&O Trades. Get the offer
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ProStocks :Special Offer: Unlimited Equity Trading- Rs 899/PM, 8999/PY or Brokerage free equity delivery trading + Flat ₹15 Intra-day and F&O trades. Get the offer
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Pros |
Zerodha : |
MyValueTrade :
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SAS Online :
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5paisa :
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ProStocks :
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Cons |
Zerodha : |
MyValueTrade :
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SAS Online :
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5paisa :
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ProStocks :
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Why This |
Zerodha : |
MyValueTrade :
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SAS Online :
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5paisa :
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ProStocks :
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Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Account Opening & AMC Charges
Zerodha Trading Account Opening Fee is ₹200 and MyValueTrade Trading Account Opening Fee is ₹555 and SAS Online Trading Account Opening Fee is ₹200 and 5paisa Trading Account Opening Fee is ₹300 and ProStocks Trading Account Opening Fee is ₹0 . Zerodha Demat Account AMC is ₹300 and MyValueTrade Demat Account AMC is ₹400 and SAS Online Demat Account AMC is ₹200 and 5paisa Demat Account AMC is ₹25/ month (HV >2L), ₹8/ month (50K><2L), ₹0 <50k and ProStocks Demat Account AMC is ₹0 (Lifetime Zero AMC) .
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks 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 . MyValueTrade Brokerage Charges Equity Delivery is ₹0 and Equity Intraday is ₹0 and Equity Options is ₹0 . SAS Online Brokerage Charges Equity Delivery is ₹9 per executed order and Equity Intraday is ₹9 per executed order and Equity Options is ₹9 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 . ProStocks Brokerage Charges Equity Delivery is ₹0 and Equity Intraday is ₹15 and Equity Options is ₹15 . Equity Delivery is NA and Equity Intraday is NA and Equity Options is NA .
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks 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) . MyValueTrade Transaction Charges (Per Crore) Equity Future is NSE ₹300 | BSE ₹150 and Equity Options is NSE ₹6000 | BSE ₹3500 . SAS Online Transaction Charges (Per Crore) Equity Future is 0.0022% (₹220/crore) and Equity Options is 0.055% (₹5500/crore) 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) . ProStocks Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE: 0.0005% and Equity Options is NSE: 0.050% | BSE: 0.0025% .
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Other Charges
Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is ₹50 per executed order . MyValueTrade Minimum Brokerage is ₹10 or .01% whichever is lower and Call & Trade is ₹20 per executed order . SAS Online Minimum Brokerage is ₹0 and Call & Trade is ₹20 per trader . 5paisa Minimum Brokerage is ₹20 per trade and Call & Trade is ₹100 per call (any number of trades in a call) . ProStocks Minimum Brokerage is ₹0 and Call & Trade is Intraday and F&O: ₹10 per trade. Delivery: ₹25 per .
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Features
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks all offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Demat Account Charges
A comparative table of various demat account charges between Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks is below:
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Basic Details
Zerodha Year of Incorporation is 2010 and Total Number of Clients is 2,720,797+ and Total Number of Branches is 22 . MyValueTrade and and . SAS Online Year of Incorporation is 2013 and Total Number of Clients is 15,824+ and Total Number of Branches is 1 . 5paisa Year of Incorporation is 1996 and Total Number of Clients is 757438+ and Total Number of Branches is 900 . ProStocks Year of Incorporation is 2016 and Total Number of Clients is 3,562 and Total Number of Branches is 1 .
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Charts and Data
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks all offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:
Zerodha | MyValueTrade | SAS Online | 5paisa | ProStocks | |
---|---|---|---|---|---|
Live data source |
Live data source :
Yes |
Live data source : - |
Live data source :
NSE, BSE |
Live data source : - |
Live data source :
BSE, NSE |
Advanced Charting tools |
Advanced Charting tools :
Yes |
Advanced Charting tools : - |
Advanced Charting tools :
Yes |
Advanced Charting tools :
Yes |
Advanced Charting tools :
Yes |
Multi-Chart Setup |
Multi-Chart Setup :
Yes |
Multi-Chart Setup : - |
Multi-Chart Setup :
Yes |
Multi-Chart Setup :
Yes |
Multi-Chart Setup :
Yes |
No.of indicators |
No.of indicators :
111 |
No.of indicators : - |
No.of indicators :
100+ |
No.of indicators : - |
No.of indicators :
100+ |
No.of charts can be opened |
No.of charts can be opened :
13 |
No.of charts can be opened : - |
No.of charts can be opened :
10+ |
No.of charts can be opened :
NA |
No.of charts can be opened :
6 |
Live Scanners |
Live Scanners :
Yes |
Live Scanners : - |
Live Scanners :
Yes |
Live Scanners :
Yes |
Live Scanners :
Yes |
Customizable screeners |
Customizable screeners :
Yes |
Customizable screeners : - |
Customizable screeners :
Yes |
Customizable screeners :
yes |
Customizable screeners :
Yes |
Trading from charts |
Trading from charts :
Yes |
Trading from charts : - |
Trading from charts :
Yes |
Trading from charts :
Yes |
Trading from charts :
Yes |
Compare Symbol performance on Chart |
Compare Symbol performance on Chart :
No |
Compare Symbol performance on Chart : - |
Compare Symbol performance on Chart :
No |
Compare Symbol performance on Chart : - | Compare Symbol performance on Chart : - |
Options charts |
Options charts :
Yes |
Options charts : - |
Options charts :
Yes |
Options charts : - | Options charts : - |
Continuous futures charts |
Continuous futures charts :
Yes |
Continuous futures charts : - |
Continuous futures charts :
Yes |
Continuous futures charts : - | Continuous futures charts : - |
Intraday historical data for charts |
Intraday historical data for charts :
365 days on Pi |
Intraday historical data for charts : - |
Intraday historical data for charts :
Yes |
Intraday historical data for charts : - |
Intraday historical data for charts :
Yes |
End of Day historical data for charts |
End of Day historical data for charts :
10 years on Pi |
End of Day historical data for charts : - |
End of Day historical data for charts :
Yes |
End of Day historical data for charts : - |
End of Day historical data for charts :
Yes |
Corporate action adjusted charts |
Corporate action adjusted charts :
No |
Corporate action adjusted charts : - |
Corporate action adjusted charts :
No |
Corporate action adjusted charts : - | Corporate action adjusted charts : - |
Back Testing |
Back Testing :
No |
Back Testing : - |
Back Testing :
Yes |
Back Testing : - | Back Testing : - |
Options Chain |
Options Chain :
Yes |
Options Chain : - |
Options Chain :
NO |
Options Chain : - | Options Chain : - |
Heat Maps |
Heat Maps :
Yes |
Heat Maps : - |
Heat Maps :
Yes |
Heat Maps : - | Heat Maps : - |
Analytics |
Analytics :
Yes |
Analytics : - |
Analytics :
NO |
Analytics : - | Analytics : - |
Price Ladder |
Price Ladder :
No |
Price Ladder : - |
Price Ladder :
NO |
Price Ladder : - | Price Ladder : - |
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Leverage
Leverage
Zerodha | MyValueTrade | SAS Online | 5paisa | ProStocks | |
---|---|---|---|---|---|
Equity Delivery |
Equity Delivery :
1x (no margin) |
Equity Delivery : - |
Equity Delivery :
1x (no margin) |
Equity Delivery :
Upto 4x (Category E 4x, A 3.5x, B 3x, C 2x, D 1.5x) |
Equity Delivery :
1x (no margin) |
Equity Intraday |
Equity Intraday :
Up to 20x (based on the stock) |
Equity Intraday : - |
Equity Intraday :
13x to 20x with CO (Intraday), 5x to 9x for MIS (Intraday) |
Equity Intraday :
Up to 20x |
Equity Intraday :
7x (Margin intraday sq off) |
Equity Futures |
Equity Futures :
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Equity Futures : - |
Equity Futures :
5x with CO (Intraday), 2x for MIS (Intraday) |
Equity Futures :
Intra-day: 3.5x | Carry forward: 1x (no margin) |
Equity Futures :
2x |
Equity Options |
Equity Options :
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Equity Options : - |
Equity Options :
2x for selling 100% premium amount for buying |
Equity Options :
Intra-day: 1x | Carry forward: 1x |
Equity Options :
1x (no margin) |
Currency Futures |
Currency Futures :
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Futures : - |
Currency Futures :
2x trading margin |
Currency Futures :
Intra-day: 1 time | Carry forward: 1x |
Currency Futures :
1.5x |
Currency Options |
Currency Options :
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Options : - |
Currency Options :
2x for selling 100% premium amount for buying |
Currency Options :
Intra-day: 1x | Carry forward: 1x |
Currency Options :
1x (no margin) |
Commodity Futures |
Commodity Futures :
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Commodity Futures : - |
Commodity Futures :
NA |
Commodity Futures :
Up to 2x exposure for current & near month expiry |
Commodity Futures : - |
Commodity Options | Commodity Options : - | Commodity Options : - | Commodity Options : - |
Commodity Options :
Up to 2x exposure for current & near month expiry |
Commodity Options : - |
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Orders
Orders
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Research and Advice / Trading Tips
Research and Advice / Trading Tips
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Franchisee / Authorized Person related information
Franchisee / Authorized Person related information
Zerodha | MyValueTrade | SAS Online | 5paisa | ProStocks | |
---|---|---|---|---|---|
Availability for franchisee / AP |
Availability for franchisee / AP :
Yes |
Availability for franchisee / AP : - |
Availability for franchisee / AP :
No |
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 :
NA |
Investment required for Franchisee / AP : - |
Investment required for Franchisee / AP :
NA |
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Product & Services
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks all offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Customer Services
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks 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 vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Other Investement
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks 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 vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Trading PlatForm
Zerodha and MyValueTrade and SAS Online and 5paisa and ProStocks all offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:
Zerodha vs MyValueTrade vs SAS Online vs 5paisa vs ProStocks Company Information
Company Information
Zerodha | MyValueTrade | SAS Online | 5paisa | ProStocks | |
---|---|---|---|---|---|
Financials * |
Financials :
No |
Financials : - |
Financials :
No |
Financials :
No |
Financials :
No |
News * | News : - | News : - | News : - |
News :
Yes |
News : - |
Company Analysis * |
Company Analysis :
No |
Company Analysis : - |
Company Analysis :
No |
Company Analysis :
No |
Company Analysis :
No |
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