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
- Upstox
- 5paisa
- Alice Blue
- Groww
(Comparison of all 5 to be shown)
Zerodha |
Upstox |
5paisa |
Alice Blue |
Groww |
Zerodha | Upstox | 5paisa | Alice Blue | Groww |
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About The Brokers |
Zerodha : |
Upstox : |
5paisa : |
Alice Blue : |
Groww : |
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 : |
Upstox : |
5paisa : |
Alice Blue : |
Groww : |
Promo/offers |
Zerodha :Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
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Upstox :Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.
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5paisa :Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
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Alice Blue :Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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Groww :
N/A
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Advantage |
Zerodha :
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Upstox :
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5paisa :
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Alice Blue :
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Groww :
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Disadvantage |
Zerodha :
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Upstox :
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5paisa :
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Alice Blue :
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Groww :
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Why This |
Zerodha :
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Upstox :
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5paisa :
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Alice Blue :
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Groww :
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Open Account | Open Account | Open Account | Open Account |
Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Account Opening & AMC Charges
Zerodha Trading Account Opening Fee is Rs 200 and Upstox Trading Account Opening Fee is Rs 0 (Free) and 5paisa Trading Account Opening Fee is Rs 0 (Free) and Alice Blue Trading Account Opening Fee is Rs 150 and Groww Trading Account Opening Fee is Rs 0 (Free) . Zerodha Demat Account AMC is Rs 300 and Upstox Demat Account AMC is Rs 150 and 5paisa Demat Account AMC is Rs 300 and Alice Blue Demat Account AMC is Rs 400 and Groww Demat Account AMC is Rs 0 .
Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Brokerage Charges
Zerodha Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order . Upstox Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order . 5paisa Brokerage Charges Equity Delivery is Rs 20 per executed order and Equity Intraday is Rs 20 per executed order and Equity Options is Rs 20 per executed order . Alice Blue Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per order or 0.05% whichever is lower and Equity Options is Rs 15 per order . Groww Brokerage Charges Equity Delivery is Rs 20 per executed order or 0.05% whichever is lower and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order .
Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Exchange Transaction Charges
Zerodha Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) . Upstox Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) . 5paisa Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 0 and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) . Alice Blue Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Groww Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) .
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 Rs 50 per executed order . Upstox Minimum Brokerage is 0.05% and Call & Trade is Rs 20 per trade . 5paisa Minimum Brokerage is Rs 20 per trade and Call & Trade is Rs 100 per call (any number of trades in a call) . Alice Blue Minimum Brokerage is Rs 0 and Call & Trade is Rs 20 per executed order . Groww Minimum Brokerage is Rs 20 or 0.05% per executed order and Call & Trade is NA .
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 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 vs Upstox vs 5paisa vs Alice Blue vs Groww Basic Details
Zerodha Year of Incorporation is 2010 and Total Number of Clients is 7223525 and Total Number of Branches is 22 . Upstox Year of Incorporation is 2012 and Total Number of Clients is 2501173 and Total Number of Branches is 4 . 5paisa Year of Incorporation is 1996 and Total Number of Clients is 544270 and Total Number of Branches is 1 . Alice Blue and Total Number of Clients is 163460 and . Groww Year of Incorporation is 2016 and Total Number of Clients is 9185024 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 : - |
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
:
No |
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
:
7,223,525 |
Total Number of Clients
:
2,501,173 |
Total Number of Clients
:
544,270 |
Total Number of Clients
:
163,460 |
Total Number of Clients
:
9,185,024 |
Total Number of Branches |
Total Number of Branches
:
22 |
Total Number of Branches
:
4 |
Total Number of Branches
:
1 |
Total Number of Branches : - | 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 Orders
Orders
Zerodha vs Upstox vs 5paisa vs Alice Blue vs Groww Research and Advice / Trading Tips
Research and Advice / Trading Tips
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 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 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 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: