Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs.
Enjoy free delivery trades, zero account opening/AMC, ₹0 for mutual funds, and ₹20 Intraday/F&O. Instant fund transfers and sale proceeds with zero gateway or pledge charges.
Why Firstock?
- They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
- You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
- You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
- Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
- Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
- The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
- They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.
Positives
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✔ What Firstock Does Well
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Needs Improvement
✘ Where Firstock Falls Short
| ✗ | Very new brand (Firstock since June 2025) — limited public track record and review data |
| ✗ | Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers |
| ✗ | No commodity trading (MCX) |
| ✗ | Call & Trade: ₹50+GST per order — high for a smaller broker |
| ✗ | Auto square-off: ₹50+GST per order |
| ✗ | DDPI charge: ₹100+GST one-time |
| ✗ | Login delay issues reported during heavy market sessions |
| ✗ | Bangalore-only head office; no physical branch presence |
| ✗ | F&O brokerage ₹20 is standard, not a differentiator |
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FIRSTOCK
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Firstock Review 2026 — ₹0 Delivery, ₹20 F&O, ₹0 AMC, Free API, TradingView & Honest AssessmentBy CompareShareBrokers Editorial Team | Last updated: March 2026 | Affiliate disclosure
✔ Verified March 2026 Rebranded June 2025 (formerly NCO Securities)
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Open Free Account →
Free • ₹0 AMC • ₹0 delivery
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₹0
Delivery brokerage
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₹20
F&O & Intraday per order
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₹0
AMC & account opening
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₹0
Pledge & payment gateway
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Jun 2025
Rebranded from NCO Securities
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3.5/5
CSB Rating
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| Year of Incorporation | 2021 |
| Products | Equity, F&O, ETFs, SGBs |
| Demat Services | CDSL, NSDL |
| Active Exchange Memberships | NSE, BSE |
| Website | https://www.firstock.in/ |
| Contact Details | 080 4670 2050 |
| Total Number of Clients | - |
| Total Number of Branches | - |
Established in 2021, Firstock Broking Private Limited is a modern investment and trading platform transforming discount broking in India through innovative, technology-driven solutions. With a mission to make financial services more accessible, efficient, and user-friendly, Firstock is designed for the new-age investor.
Focused on a tech-first and customer-centric model, the platform delivers a simplified and intuitive trading experience that helps users invest with confidence.
With the trust of over 25,000 active users, Firstock offers a seamless investment journey across a wide range of products including Equity (Stocks), Futures & Options (F&O), Exchange Traded Funds (ETFs), Sovereign Gold Bonds (SGBs), and Government Securities (G-Secs).
Firstock Broking Private Limited is a SEBI-registered discount broker (INZ000260334) headquartered in Jayanagar, Bangalore. The company was originally founded in 2008 as NCO Securities and Share Broking Private Limited — one of Bangalore's older SEBI-registered brokerage firms. In June 2025, the company underwent a complete transformation: new name (Firstock), new brand identity, and a fully redesigned technology platform. The rebranding was driven by a stated mission to simplify trading and eliminate complexity for retail and professional investors.
Firstock's pricing structure is one of the most comprehensive zero-cost offerings in Indian discount broking. From the official charges page (fetched directly in March 2026): ₹0 delivery brokerage, ₹0 AMC lifetime, ₹0 account opening, ₹0 pledge charges, ₹0 payment gateway charges, ₹0 direct MF investment charges. For F&O and intraday: ₹20/order or 0.03% whichever lower for futures and intraday; ₹20 flat for options. The platform includes TradingView-integrated charts, free API access, GTT orders, basket orders, strategy builder, and a desktop (.exe) application alongside mobile and web platforms.
| Brokerage charges |
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4.3 |
| Trading platform |
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3.9 |
| Account opening |
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4.4 |
| Product breadth |
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3.8 |
| Trust & track record |
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3.0 |
| Customer support |
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3.2 |
| Zero-cost structure |
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4.7 |
| Overall Rating |
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3.5 |
Ratings based on independent testing, verified user reviews, SEBI complaint data, and platform benchmarking. Updated March 2026.
All charges verified from firstock.in/support/charges (official charges page, fetched directly March 2026). These are primary-source confirmed.
| Segment | Brokerage | Source |
|---|---|---|
| Equity Delivery | ₹0 Zero Brokerage | Official charges page |
| Equity Intraday | ₹20 or 0.03%, lower | Official charges page |
| Futures | ₹20 or 0.03%, lower | Official charges page |
| Options | ₹20 flat per order | Official charges page |
| Direct MF | ₹0 | Official charges page |
| Commodity (MCX) | Not available | MCX not supported |
| Charge | Amount | Notes |
|---|---|---|
| Account opening | ₹0 Free | Free for online and offline. Confirmed official. |
| Demat AMC | ₹0 lifetime | No annual maintenance charges. Confirmed official. |
| Pledge charges | ₹0 Nil | No pledge or unpledge charges. Confirmed official. Compare: most brokers charge ₹20–₹30 per pledge. |
| Payment gateway | ₹0 Nil | No fund transfer charges. Confirmed official. Most brokers charge ₹9–₹15 per non-UPI transfer. |
| Call & Trade | ₹50+GST per order | Confirmed official. Use app/web to avoid. |
| Auto square-off / margin shortfall | ₹50+GST per order | Confirmed official charges page. |
| DDPI (one-time) | ₹100+GST | Demat Debit and Pledge Instruction — one-time, deducted from Firstock account balance. |
| Delayed payment interest | 12% p.a. (0.0329%/day) | On debit balance from F&O margin shortfall. |
| NRI accounts | Available | NRE/NRO PIS: 0.5% or ₹100 lower. Non-PIS: 0.3% or ₹25 lower. F&O non-PIS: ₹25/order. All confirmed official. |
| Tax | Delivery | Intraday | F&O (Budget 2026) |
|---|---|---|---|
| STT | 0.1% buy+sell | 0.025% sell | Fut: 0.05% sell Opt: 0.15% sell (premium) Effective April 1, 2026. |
| GST | 18% on brokerage + exchange charges + SEBI charges | ||
| SEBI charges | ₹10 per crore | ||
| Stamp duty | 0.015% (buy) | 0.003% (buy) | Fut: 0.002% Opt: 0.003% (buy) |
Firstock offers three trading platforms. The Firstock App (Android and iOS) provides real-time market data, option chain, portfolio tracking, and order execution on mobile. The Firstock Web is a browser-based platform with TradingView-powered charts, basket orders, GTT, and a strategy builder — no installation required. The Standalone Desktop App (.exe) is a Windows application offering full access to the ecosystem with real-time charts and analytics tailored for active traders who prefer desktop. Having all three platforms at a broker with ₹0 AMC and ₹0 delivery is unusual at this size.
Most brokers charge ₹20–₹30 per pledge transaction when you pledge existing holdings as collateral to get margin for F&O trading. Firstock charges ₹0 for pledge and unpledge. For traders who regularly pledge their holdings to fund F&O positions, this can save hundreds of rupees per month. Combined with ₹0 payment gateway (most brokers charge ₹9–₹15 per non-UPI fund transfer), Firstock eliminates a category of small recurring costs that add up over time.
Firstock covers equity (delivery and intraday), equity F&O, ETFs, direct mutual funds (₹0 commission), IPO applications, Sovereign Gold Bonds (SGBs), and Government Securities (G-Secs). Commodity trading (MCX) is not supported. NRI accounts are available for both NRE and NRO accounts, with PIS and non-PIS routes. This product range is notably broader than Share.Market or MarketWolf for a broker of similar size.
- You want the most comprehensive ₹0 cost structure available — ₹0 delivery, ₹0 AMC, ₹0 account opening, ₹0 pledge, ₹0 payment gateway, ₹0 MF, ₹0 IPO. Almost no broker matches this combination.
- You trade F&O with pledged holdings — ₹0 pledge charges remove a recurring cost that most brokers charge. On 10 pledges/month, you save ₹200–₹300 vs typical brokers.
- You need a free API for algo trading with ₹0 delivery — combined with ₹0 AMC, this is a cost-efficient algo setup for long-term equity strategies.
- You are an NRI who wants low-cost F&O — ₹25/order for F&O (non-PIS) is one of the lowest NRI F&O rates available.
- You want a battle-tested platform — 25,000+ users and a June 2025 brand launch means limited stress-test history. Zerodha, Angel One, or Groww have infinitely more battle-hardening. For large portfolios, size and maturity matter.
- You trade MCX commodities — not available. Use Shoonya or Zerodha.
- You make frequent phone trades — ₹50+GST Call & Trade is high. Always use the app or web.
| Feature | Firstock | Zerodha | Shoonya | ProStocks |
|---|---|---|---|---|
| Delivery | ₹0 ✔ | ₹0 ✔ | ₹0 ✔ | ₹0 ✔ |
| F&O brokerage | ₹20 | ₹20 | ₹5 ✔ | ₹15 |
| AMC | ₹0 ✔ | ₹300/yr | ₹0 ✔ | ₹0 ✔ |
| Pledge charges | ₹0 ✔ | ₹30/pledge | ₹0 ✔ | Charged |
| Commodity | ⚠ None | Yes ✔ | Yes ✔ | Yes ✔ |
Firstock's ₹0 combination — delivery, AMC, pledge, payment gateway, MF — is one of the most comprehensive zero-cost structures in Indian discount broking. The free API, TradingView charts, GTT, strategy builder, desktop app, and NRI support add genuine depth. The F&O brokerage at ₹20 is standard. The biggest limitation is the very new Firstock brand (June 2025) with only 25,000+ active users — less track record than established brokers.
Overall: 3.5/5 — Recommended for investors and traders who want the most complete ₹0 cost structure available in India, and are comfortable with a newer platform. Exercise caution with large portfolios until the brand builds more track record.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
Frequently Asked Questions:
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1. What are Firstock brokerage charges in 2026?
Delivery: ₹0 (zero brokerage). Intraday: ₹20 or 0.03% whichever lower. Futures: ₹20 or 0.03% whichever lower. Options: ₹20 flat per executed order. AMC: ₹0 lifetime. Account opening: ₹0. Pledge charges: ₹0. Payment gateway: ₹0. Direct MF: ₹0. All confirmed from firstock.in/support/charges (official charges page, fetched March 2026).
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2. Is Firstock the same as NCO Securities?
Yes. Firstock Broking Private Limited was previously known as NCO Securities and Share Broking Private Limited. The company rebranded to Firstock in June 2025 with a fully redesigned platform and corporate identity. The SEBI registration (INZ000260334), NSE membership (90047), and BSE membership (6101) belong to the same legal entity. The Firstock name and platform are from June 2025; the underlying company has operated since 2008.
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3. Does Firstock really charge ₹0 for pledging?
Yes. Pledge and unpledge of securities as collateral margin is ₹0 at Firstock. Confirmed from official charges page. Most brokers charge ₹20–₹30 per pledge transaction. Pledge Invocation is ₹20+GST. For traders who regularly pledge holdings to fund F&O margins, the ₹0 pledge charge is a meaningful ongoing saving.
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4. Does Firstock offer NRI accounts?
Yes. Both NRE and NRO accounts with PIS and non-PIS routes are supported. NRE with PIS: 0.5% or ₹100 whichever lower. NRE non-PIS: 0.3% or ₹25 lower. NRO PIS: 0.5% or ₹100 lower. NRO non-PIS: 0.3% or ₹25 lower. F&O non-PIS: ₹25 per order (one of the lowest NRI F&O rates in India). All confirmed from official charges page.
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5. Is Firstock safe for my money and investments?
Firstock is SEBI-registered (INZ000260334), NSE/BSE member, and CDSL DP (IN-DP-67-2015). Your shares are held in your own CDSL demat account, independent of Firstock. If the broker were to shut down, your holdings remain safe. The risk is platform continuity given the very new Firstock brand (25,000+ users, June 2025 launch). Regulatory risk to your securities is negligible. Operational/service continuity risk is higher than at established brokers with millions of users.
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6. Does Firstock offer commodity trading?
No. Firstock does not support MCX commodity trading. The broker supports equities, F&O, ETFs, MF, IPO, G-Secs, and SGBs. For commodity trading alongside zero delivery brokerage and free API, Shoonya (₹5/order, ₹0 AMC, MCX available) is the closest comparable.
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7. What platforms does Firstock offer?
Three platforms: Firstock App (Android/iOS), Firstock Web (browser-based with TradingView charts, GTT, basket orders, strategy builder), and a standalone Windows Desktop Application (.exe). The web and desktop both offer full TradingView chart integration, real-time data, and advanced tools.
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8. Does Firstock provide mutual funds and IPO?
Yes. Direct mutual fund investment at ₹0 commission. IPO applications at ₹0. Sovereign Gold Bonds and Government Securities (G-Secs) are also available. This product range is broader than most discount brokers of similar size.
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9. Firstock vs Shoonya — which is better?
Shoonya (Finvasia): ₹5/order F&O (vs Firstock ₹20), MCX commodity available (vs Firstock None), ₹0 AMC (same), ₹9 DP charge (vs data not confirmed for Firstock), SensAI AI platform, 1.42 lakh active clients (vs Firstock 25,000+). Firstock: ₹0 pledge charges (vs Shoonya charges), ₹0 payment gateway (Shoonya was proposed to charge but put on hold), broader product range (SGBs, G-Secs), TradingView integration, NRI brokerage lower for F&O (₹25 vs Shoonya structure). For most traders, Shoonya's ₹5 F&O brokerage and larger established user base make it the stronger choice. Firstock's ₹0 pledge and broader product range make it better for pledge-heavy investors and NRIs.
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