Top 5 Discount Brokers in India l CompareShareBrokers.com

	Zerodha	Groww	Upstox	5paisa	Alice Blue

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

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

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

Find More Information about the Broker :

Zerodha :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Groww :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

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

Type of Broker

Zerodha :

Discount Broker

Groww :

Discount Broker

Upstox :

Discount Broker

5paisa :

Discount Broker

Alice Blue :

Discount Broker

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.

Groww :

N/A

Upstox :

Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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.

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.

Advantage

Zerodha :

✔ What Zerodha Does Well

✓ Zero brokerage on equity delivery

✓ ₹20 flat fee makes large F&O trades cheap

✓ Kite — best-designed Indian broker platform

✓ Varsity education — world-class and completely free

✓ Coin saves 1–1.5%/year vs regular MF plans

✓ Full pricing and outage transparency

✓ Zero-debt company — financially very stable

✓ GTT orders for hands-off long-term investing

✓ SEBI-regulated, CDSL custody — securities are safe

✓ Free IPO applications via UPI/ASBA

Groww :

✔ What Groww Does Well

✓	₹0 AMC for life — no conditions, no BSDA, permanent
✓	Direct mutual fund plans — lowest expense ratios
✓	Best-in-class mobile app — most intuitive for beginners
✓	US stocks investing available directly from the app
✓	SME share trading available — Zerodha does not offer this
✓	Fastest account opening — live in under 10 minutes
✓	All-in-one: stocks, MF, IPO, ETF, gold, FD in one app
✓	IPO applications free via UPI/ASBA
✓	Digital gold & fixed deposits available in-app
✓	SEBI-registered, CDSL + NSDL registered DP

Upstox :

✔ What Upstox Does Well

✓	Flat ₹20 per order — simple, transparent pricing
✓	First year demat AMC completely free
✓	Pro Web — fast TradingView charting with Chart360
✓	Backed by Ratan Tata & Kalaari Capital — credible
✓	Account opens in 15 minutes — among fastest in India
✓	Well-documented API for algorithmic traders
✓	150+ technical indicators on Pro platform
✓	IPO applications free via UPI/ASBA
✓	SEBI-registered, CDSL custody — securities safe
✓	Call & Trade at ₹20/order — cheaper than Zerodha's ₹50

5paisa :

✔ What 5paisa Does Well

✓	Robo Advisory built-in — automated portfolio recommendations in-app
✓	First listed discount broker in India — public accountability
✓	IIFL parentage — 25+ years institutional broking infrastructure
✓	FnO 360 — best-in-class F&O platform with 16+ live Greeks
✓	Flexible plans: ₹10/order at ₹499/mo; ₹0 delivery at ₹999/mo
✓	Both direct and regular mutual fund plans
✓	Up to 4x MTF leverage
✓	Personal loans available via IIFL group
✓	Insurance products integrated in one platform
✓	FinSchool — structured courses on equity, MF, F&O, technical analysis
✓	One-tap rollover for futures positions

Alice Blue :

✔ What Alice Blue Does Well

✓	₹0 AMC lifetime (from Sep 12, 2024) — permanently free
✓	₹0 account opening — fully online, paperless
✓	₹0 API access — free for algo and automated trading
✓	1LY Options — dedicated F&O platform with pre-market reports and option chain
✓	Trade Store — 15+ third-party tools (Sensibull, Smallcase etc.) worth ₹3,000 free
✓	17 branches + 1,000+ partner network — strong South India presence
✓	No inactivity charges — account stays active without penalty
✓	Trade School — education platform with webinars and articles
✓	All segments: equity, F&O, currency, commodity, MF, IPO
✓	No minimum balance required in trading account

Disadvantage

Zerodha :

✘ Where Zerodha Falls Short

No advisory, no stock tips, no research
Ticket-only support — no live chat
NRI account opening is offline only
DP charge ₹15.34/scrip surprises many investors
Call & Trade at ₹50/call is expensive
₹300/yr AMC — not zero like Groww/Finvasia
No 3-in-1 integrated banking account
No international trading
No margin funding for delivery purchases
the lack of free API for retail users

Groww :

✘ Where Groww Falls Short

✗	Delivery brokerage ₹20 or 0.1% — unlike Zerodha's ₹0
✗	UPI mandate brokerage is 1% with NO cap — major trap
✗	NRI accounts NOT available
✗	GTT orders NOT available
✗	No research, no stock tips, no advisory at all
✗	No physical branches — 100% online only
✗	Customer support is email/chat only — slow response
✗	Trading terminal less advanced than Zerodha Kite
✗	No 3-in-1 integrated banking account
✗	F&O intraday leverage only 1.3x — lower than most brokers

Upstox :

✘ Where Upstox Falls Short

✗	₹20 charged on delivery trades — unlike Zerodha's ₹0
✗	NRI trading accounts NOT available
✗	Mutual funds: regular plans only (not direct plans)
✗	No education resource like Zerodha Varsity
✗	No public platform outage disclosure page
✗	DP charge ₹20/scrip — applies on every delivery sell
✗	No phone support — chat and email only
✗	No research or stock recommendations
✗	No 3-in-1 integrated banking account
✗	Platform slows on high-volatility expiry days

5paisa :

✘ Where 5paisa Falls Short

✗	₹300/yr AMC — Groww is ₹0 for life
✗	₹10/order MF charge on Optimum plan — others are free
✗	NRI accounts NOT available
✗	Smallest active client base of the top 5 brokers (~3.85L)
✗	Research only on paid plans — not free on Optimum
✗	Call & Trade: ₹20/call on Optimum (higher than peers)
✗	No GTT (Good Till Triggered) orders
✗	App interface less polished than Groww or Zerodha
✗	Customer support response times consistently flagged
✗	No US stocks, no digital gold via Groww-style

Alice Blue :

✘ Where Alice Blue Falls Short

✗	₹20 delivery brokerage (changed from free in Aug 2024) — Zerodha, Groww, ProStocks, Shoonya offer ₹0
✗	Call & Trade ₹50+GST per trade — highest among major discount brokers
✗	NRI accounts NOT available
✗	Customer support widely reported as slow and scripted
✗	Mobile app reported slower than the web platform
✗	August 2024 delivery brokerage change still confuses many users and is misreported on third-party sites
✗	No 3-in-1 account (no integrated bank account)
✗	DP charge ₹15 — higher than Shoonya (₹9), Fyers (₹12.50), ProStocks (₹13.50)
✗	POA required if portfolio above ₹1 crore / sell exceeds ₹1 crore/day
✗	No demo trading account

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.

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

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

Open Account

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

Zerodha Trading Account Opening Fee is ₹0 Free and Groww Trading Account Opening Fee is Rs 0 (Free) 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 . Zerodha Demat Account AMC is ₹300+GST = ₹354/yr and Groww Demat Account AMC is Rs 0 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 .

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Trading Account Opening Fee	Trading Account Opening Fee : ₹0 Free	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : Rs 150
Demat Account Opening Fee	Demat Account Opening Fee : ₹0 Free	Demat Account Opening Fee : Rs 0	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : Rs 0
Demat Account AMC	Demat Account AMC : ₹300+GST = ₹354/yr	Demat Account AMC : Rs 0	Demat Account AMC : Rs 150	Demat Account AMC : Rs 300	Demat Account AMC : Rs 400
Trading Account AMC	Trading Account AMC : ₹0 Free	Trading Account AMC : Rs 0	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : Rs 0
	Open Account	Open Account	Open Account	Open Account	Open Account

Zerodha vs Groww vs Upstox vs 5paisa vs Alice Blue 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 . Groww Brokerage Charges Equity Delivery is ₹20 or 0.1%, min ₹5 and Equity Intraday is ₹20 or 0.1%, min ₹5 and Equity Options is ₹20 flat per 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 .

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Plan Name	Plan Name : Standard Plan	Plan Name : Basic Plan	Plan Name : Basic Plan	Plan Name : Basic Plan	Plan Name : Freedom Plan (F15)
Equity Delivery	Equity Delivery : Rs 0 (Free)	Equity Delivery : ₹20 or 0.1%, min ₹5	Equity Delivery : Rs 20 per executed order or 2.5% whichever is low	Equity Delivery : Rs 20 per executed order	Equity Delivery : Rs 0 (Free)
Equity Intraday	Equity Intraday : Rs 20 per executed order or .03% whichever is lower	Equity Intraday : ₹20 or 0.1%, min ₹5	Equity Intraday : Rs 20 per executed order or 0.05% whichever is lower	Equity Intraday : Rs 20 per executed order	Equity Intraday : Rs 15 per order or 0.05% whichever is lower
Equity Future	Equity Future : Rs 20 per executed order or .03% whichever is lower	Equity Future : ₹20 flat per order	Equity Future : Rs 20 per executed order or 0.05% whichever is lower	Equity Future : Rs 20 per executed order	Equity Future : Rs 15 per order or 0.05% whichever is lower
Equity Options	Equity Options : Rs 20 per executed order	Equity Options : ₹20 flat per order	Equity Options : Rs 20 per executed order	Equity Options : Rs 20 per executed order	Equity Options : Rs 15 per order
Currency Futures	Currency Futures : Rs 20 per executed order or .03% whichever is lower	Currency Futures : ₹20 flat per order	Currency Futures : Rs 20 per executed order or 0.05% whichever is lower	Currency Futures : Rs 20 per executed order	Currency Futures : Rs 15 per order or 0.05% whichever is lower
Currency Options	Currency Options : ₹ 20/executed order	Currency Options : ₹20 flat per order	Currency Options : Rs 20 per executed order	Currency Options : Rs 20 per executed order	Currency Options : Rs 15 per order
Monthly Fee	Monthly Fee : -	Monthly Fee : NA	Monthly Fee : NA	Monthly Fee : NA	Monthly Fee : -
Margin Trading	Margin Trading : 0.3% or Rs. 20/executed order, whichever is lower	Margin Trading : -	Margin Trading : -	Margin Trading : 0.05%	Margin Trading : -
Commodity Futures	Commodity Futures : Rs 20 per executed order or .03% whichever is lower	Commodity Futures : ₹20 flat per order	Commodity Futures : Rs 20 per executed order or 0.05% whichever is lower	Commodity Futures : Rs 20 per executed order	Commodity Futures : Rs 15 per order or 0.05% whichever is lower
Commodity Options	Commodity Options : ₹ 20/executed order	Commodity Options : ₹20 flat per order	Commodity Options : Rs 20 per executed order	Commodity Options : Rs 20 per executed order	Commodity Options : Rs 15 per order
	Open Account	Open Account	Open Account	Open Account	Open Account

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

Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is ₹50/order . Groww Minimum Brokerage is Rs 20 or 0.05% per executed order and Call & Trade is NA . 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 .

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Minimum Brokerage	Minimum Brokerage : 0.03% in Intraday and F&O	Minimum Brokerage : Rs 20 or 0.05% per executed order	Minimum Brokerage : 0.05%	Minimum Brokerage : Rs 20 per trade	Minimum Brokerage : Rs 0
Call & Trade	Call & Trade : ₹50/order	Call & Trade : NA	Call & Trade : Rs 20 per trade	Call & Trade : Rs 100 per call (any number of trades in a call)	Call & Trade : Rs 20 per executed order
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%,	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%	Stamp Duty : -	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹15.34/scrip	DP Charges (on sell side) : ₹20+GST	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
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS	Other Miscellaneous Charges : Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50	Other Miscellaneous Charges : Auto Square-off Charges: Rs 50	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -
	Open Account	Open Account	Open Account	Open Account	Open Account

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

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

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Trading Platform	Trading Platform : Kite Web, Kite Mobile for Android/iOS and Coin	Trading Platform : Groww	Trading Platform : Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola	Trading Platform : 5paisa Trade Station (Web, Mobile App and EXE)	Trading Platform : Front End: ANT \| Back End: Omnesys NEST
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : No	Placing orders through charts : -	Placing orders through charts : Yes	Placing orders through charts : Yes
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 : No	Research and Advice / Trading Tips : 1	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No	Detailed Education Initiatives : No	Detailed Education Initiatives : Yes	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -	Unique features & Offers : -	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : 1	Referral Program : -	Referral Program : 1	Referral Program : 1	Referral Program : 1
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : No	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) : No	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : No
	Open Account	Open Account	Open Account	Open Account	Open Account

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

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

	Zerodha	Groww	Upstox	5paisa	Alice Blue
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 : Rs 50 (Stamp charges payable upfront)	Account Opening Fee : ₹0 Free	Account Opening Fee : Rs 249	Account Opening Fee : Rs 0 (Free)	Account Opening Fee : â‚¹0
Advance Deposit	Advance Deposit : Rs 0	Advance Deposit : NA	Advance Deposit : Nil	Advance Deposit : Nil	Advance Deposit : â‚¹0
AMC	AMC : ₹300/yr	AMC : ₹0 Free	AMC : Rs 150	AMC : Rs 300 per year	AMC : â‚¹400 per year
Dematerialisation Charges	Dematerialisation Charges : Rs 150 per certificate (+ Rs 100 Courier charges)	Dematerialisation Charges : -	Dematerialisation Charges : Rs 2.00 per certificate plus courier charges of Rs 35 per demat request	Dematerialisation Charges : Rs 15 per certificate + Rs 40 as postal charges	Dematerialisation Charges : â‚¹10 per certificate + â‚¹50 per request
Rematerialisation Charges	Rematerialisation Charges : Rs 150 per certificate + CDSL charges + Rs 100 Courier charges	Rematerialisation Charges : -	Rematerialisation Charges : Rs 25 per certificate or 0.05% of the value whichever is higher.	Rematerialisation Charges : Rs 15 per certificate or Rs 15 for every 100 securities or part thereof whichever is higher + Rs 40 for courier	Rematerialisation Charges : â‚¹30 per request + CDSL Fee + â‚¹10 per 100 securities
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : Rs 8 + Rs 5.5 (CDSL charges)	Transaction Charges (debit) : -	Transaction Charges (debit) : Rs 13 + Rs 5.50 (CDSL charges) per scrip.	Transaction Charges (debit) : Rs 12.50 per transaction per script	Transaction Charges (debit) : 0.04% of the value of the transaction (minimum â‚¹20)
Pledge Creation Charges	Pledge Creation Charges : Rs 30 per request + GST	Pledge Creation Charges : ₹20 per ISIN + 18% GST	Pledge Creation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.	Pledge Creation Charges : Rs 12.50 per scrip for Margin pledge. Rs 25.00 per scrip for MTF. Rs 50.00 per scrip for Normal pledging charges (Loan Against Shares)	Pledge Creation Charges : 0.04% of the value of the transaction (minimum â‚¹40)
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : Rs 0	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.	Pledge Creation Confirmation Charges : Nil	Pledge Creation Confirmation Charges : â‚¹0
Pledge Invocation Charges	Pledge Invocation Charges : Rs 20	Pledge Invocation Charges : â‚¹20	Pledge Invocation Charges : 0.05% of the transaction charges subject to a minimum of Rs 50	Pledge Invocation Charges : Nil	Pledge Invocation Charges : 0.04% of the value of the transaction (minimum â‚¹40)
Failed Instruction Charges	Failed Instruction Charges : Rs 50 per ISIN	Failed Instruction Charges : â‚¹50 per ISIN	Failed Instruction Charges : Rs 50 per transaction	Failed Instruction Charges : Nil	Failed Instruction Charges : -
Other Charges	Other Charges : Cheque Bounce: Rs 350 Physical Statement - Rs 50 (+Courier charges at actual) Modification in CML - Rs 25 per request KRA Upload / Download - Rs 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 : KYC Modification: â‚¹50	Other Charges : Demat Rejection Charges: Rs 35 per rejection for every 500 gms. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.	Other Charges : Postal Charges: Rs 40	Other Charges : Power of Attorney (PoA): â‚¹150 Courier Charges: â‚¹100 per request Additional DIS Booklet: â‚¹100 per booklet
	Open Account	Open Account	Open Account	Open Account	Open Account

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

Zerodha Year of Incorporation is 2010 and Total Number of Clients is 6862233 and Total Number of Branches is 22 . Groww Year of Incorporation is 2016 and Total Number of Clients is 12480505 and . Upstox Year of Incorporation is 2012 and Total Number of Clients is 2036413 and Total Number of Branches is 4 . 5paisa Year of Incorporation is 1996 and Total Number of Clients is 343187 and Total Number of Branches is 1 . Alice Blue and Total Number of Clients is 163460 and .

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Year of Incorporation	Year of Incorporation : 2010	Year of Incorporation : 2016	Year of Incorporation : 2012	Year of Incorporation : 1996	Year of Incorporation : -
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX and NCDEX	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : BSE, NSE, MCX	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE, BSE, MCX
Demat Services	Demat Services : No	Demat Services : No	Demat Services : No	Demat Services : Yes	Demat Services : No
Website	Website : https://zerodha.com	Website : https://groww.in/	Website : www.upstox.com	Website : www.5paisa.com	Website : www.aliceblueonline.com
Contact Details	Contact Details : 080-40402020	Contact Details : -	Contact Details : +91-22-6130-9999	Contact Details : +918976689766	Contact Details : 080-61575500\|080-45490850
Total Number of Clients	Total Number of Clients : 6,862,233	Total Number of Clients : 12,480,505	Total Number of Clients : 2,036,413	Total Number of Clients : 343,187	Total Number of Clients : 163,460
Total Number of Branches	Total Number of Branches : 22	Total Number of Branches : -	Total Number of Branches : 4	Total Number of Branches : 1	Total Number of Branches : -
Products *	Products : Kite Web, Kite Mobile for Android/iOS and Coin	Products : GROWW MOBILE APP	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
Key USP *	Key USP : Pioneer discount broker; Kite platform; GTT; Coin direct MF; most trusted	Key USP : Simplest UI; No. 1 by clients; ₹20 F&O; ₹0 delivery; MF powerhouse	Key USP : RKSV Group; TradingView charts; modern UI; Ratan Tata-backed	Key USP : IIFL Group; ₹20/order flat; research tips; investment in robo-advisory	Key USP : ANT platform; ₹20 F&O; strong API; popular among algo traders
Broker Type *	Broker Type : Discount	Broker Type : Discount	Broker Type : Discount	Broker Type : Discount	Broker Type : Discount
	Open Account	Open Account	Open Account	Open Account	Open Account

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

Orders

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

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

Research and Advice / Trading Tips

	Zerodha	Groww	Upstox	5paisa	Alice Blue
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No	Equity Trading Recommendation : No	Equity Trading Recommendation : Yes	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No	Equity Investment Recommendation : No	Equity Investment Recommendation : Yes	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 : No	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No	Daily Market report : No	Daily Market report : No	Daily Market report : Yes
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
	Open Account	Open Account	Open Account	Open Account	Open Account

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

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

	Zerodha	Groww	Upstox	5paisa	Alice Blue
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 : No	Margin Trading : No	Margin Trading : Yes	Margin Trading : Yes	Margin Trading : No
Call N Trade *	Call N Trade : Yes	Call N Trade : NA	Call N Trade : Yes	Call N Trade : Rs 100 Per call	Call N Trade : Yes
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 : Yes	Limit Order : -
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 : No	NRI Services : No	NRI Services : No	NRI Services : No
SMS Alerts *	SMS Alerts : No	SMS Alerts : Yes	SMS Alerts : No	SMS Alerts : Yes	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No	Offers Multiple Plan : No	Offers Multiple Plan : Yes	Offers Multiple Plan : No
IPO Investment *	IPO Investment : No	IPO Investment : YES	IPO Investment : No	IPO Investment : Yes	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : Yes	Portfolio Analysis : NO	Portfolio Analysis : Yes	Portfolio Analysis : Yes	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : No	Advanced Charting Features : Yes	Advanced Charting Features : Yes	Advanced Charting Features : Yes
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 : No	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : No	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : No	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes	Currency Future & Option Trading : Yes
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 : No	Aumtomated Trading : Yes	Aumtomated Trading : Yes
	Open Account	Open Account	Open Account	Open Account	Open Account

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

Zerodha and Groww and Upstox and 5paisa and Alice Blue 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	Groww	Upstox	5paisa	Alice Blue
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 : No	Live Chat Facility : Yes	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 / walk-in support *	Branch / walk-in support : Yes	Branch / walk-in support : No	Branch / walk-in support : Yes	Branch / walk-in support : No	Branch / walk-in support : Yes
Customer Care *	Customer Care : Yes	Customer Care : No	Customer Care : Yes	Customer Care : No	Customer Care : No
Community Service *	Community Service : Yes	Community Service : No	Community Service : Yes	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
	Open Account	Open Account	Open Account	Open Account	Open Account

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

Zerodha and Groww and Upstox and 5paisa and Alice Blue 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	Groww	Upstox	5paisa	Alice Blue
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : No	Commodity Trading : Yes	Commodity Trading : Yes	Commodity Trading : Yes
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 : No	Investment in Corporate Debt instruments : Yes
Insurance Services *	Insurance Services : No	Insurance Services : No	Insurance Services : No	Insurance Services : Yes	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No	Banking Services : No	Banking Services : No	Banking Services : No
	Open Account	Open Account	Open Account	Open Account	Open Account

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

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

	Zerodha	Groww	Upstox	5paisa	Alice Blue
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 : No	Desktop Windows : Yes	Desktop Windows : Yes	Desktop Windows : Yes
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 : Yes	I-Pad App : No	I-Pad App : Yes
Algo trading platform / API *	Algo trading platform / API : No	Algo trading platform / API : No	Algo trading platform / API : No	Algo trading platform / API : Yes	Algo trading platform / API : 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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