• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

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:

  • 1. ZERODHA
  • 2. Upstox
  • 3. SAMCO
  • 4. 5Paisa
  • 5. Trade Smart Online

 (Comparison of all 5 to be shown)

ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Overall
(3.2/5)  
(3.84/5)  
(3.5/5)  
(3.5/5)  
(3.7/5)  
Brokerage & Other Charges
(4.75/5)  
(4.1/5)  
(4.8/5)  
(4.3/5)  
(3.8/5)  
Experience (Yrs / No. Of User)
(2/5)  
(4.5/5)  
(2.5/5)  
(3/5)  
(2.5/5)  
Customer Services
(2.5/5)  
(3.5/5)  
(2.5/5)  
(3.5/5)  
(3.5/5)  
Investment Offering
(2.6/5)  
(2.6/5)  
(2.4/5)  
(2/5)  
(2.4/5)  
Plateform & Tools
(4.5/5)  
(4.5/5)  
(4.5/5)  
(3.5/5)  
(4/5)  
Research
(0/5)  
(0/5)  
(0/5)  
(0/5)  
(3.75/5)  
Mobile Trading
(3/5)  
(3.9/5)  
(3.6/5)  
(3.7/5)  
(4/5)  
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Minimum Brokerage Rs. 15 NIL NIL Rs. 10 Rs. 10
Brokerage Plan Monthly : Rs.899 Equity/Rs.499 Currency Plan. Yearly : Rs.Rs.8999Equity/Rs.4999 Currency Plan. NA Rs.999 Equity/Rs.999 Commodity/Rs.499 Currency Plan Fixed Brokerage of Rs 1000 PM / Rs. 10000 PY NA
Equity Delivery Rs.15 per Trade NIL 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Equity Intraday Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Equity Future Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Equity Options Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Currency Future Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Currency Options Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade Rs.10 per Trade
Commodity Trading NA 0.01% or Rs.20 per Trade (whichever is lower) 0.01% or Rs.9 per Trade (whichever is lower) Rs.10 per Trade NA
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Equity Delivery NSE: 0.00350%| BSE: 0.00275% NSE: 0.00325%, BSE Rs1 NSE 0.00325% | BSE: Rs1.5 NSC / BSC: 0.00325% NSC / BSC: 0.00325%
Equity Intraday NSE: 0.00350%| BSE: 0.00275% NSE: 0.00325%, BSE Rs1 NSE 0.00325% | BSE: Rs1.5 NSC / BSC: 0.00325% NSC / BSC: 0.00325%
Equity Future NSE: 0.00190%| BSE: 0.0005% NSE: 0.0021%, BSE Rs1 NSE 0.0025% | BSE: Rs1.5 NSE 0.003% | BSE 0.0015% NSC/BSC : 0.0021%
Equity Options NSE: 0.05%| BSE: 0.025% NSE: 0.053%, BSE Rs1 NSE 0.065% | BSE: Rs1.5 NSE 0.06% | BSE 0.035% NSC/BSC : 0.051%
Currency Future NSE: 0.0011%| BSE: 0.0001% NSE: 0.00135% NSE 0.00165% NSE 0.0012% | BSE 0.001% NSC/BSC : 0.0021%
Currency Options NSE: 0.04%| BSE: 0.0001% NSE: 0.044% NSE 0.06% NSE 0.042% | BSE 0.01% NSC/BSC : 0.051%
Commodity Trading NA Non-Agri: 0.0031% | Agri: 0.00175% Non-Agri: 0.0031% | Agri: 0.00175% 0.0025% NA
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Accounting Opening (Trading A/c) Rs.0 Rs 200 for self printed or Rs 300 courier form Rs 200 Rs 555 Rs 650
Accounting Opening (Demat A/c) Rs.0 Rs 100 Rs 200 NIL NIL
AMC Yearly (Trading) Rs.0 NIL NIL NIL NIL
AMC Yearly (Demat) Rs.0 Rs 300 Rs 200 Rs 400 Rs 400
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Call in Trade
Trading in Both the Exchanges
3 in 1 Online Trading Account
NRI Services
Offers Multiple Plan
IPO Investment
Brokerage Calculator
Margin Calculator
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Commodity Trading
Investment in Mutual Funds
Investment in ETFs
Investment in Bonds
Investement in Debt funds
Banking Services
Insurance Services
SIP (Mutual Funds)
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Toll Free Number
Live Chat Facility
Email Facility
Branch Offices
Customer Care
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Web-Platform
Mobile App_Android
Mobile App_Iphone
Desktop_Windows
Desktop_Mac
Ipad_App
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
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ProStocksZerodhaSAS OnlineMyValueTrade5paisa
Equity Trading Recommendations
Equity Investment Recommendations
Free Tips
Daily Market Reports
ETF Research
Quarterly Results
Mutual Fund recommendation Basis Risk Profile
Mutual fund comparision
ProStocksZerodhaSAS OnlineMyValueTrade5paisa
No of Active Users 2581 641682 12214 45843 49927
Years of Experience <5 Yr 5-10 Yr >10 Yr >10 Yr 5-10 Yr