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Comparison of discount share brokers in India-2023

Discount Brokers provide less number of services but at a much cheaper price. They offer no-frill services and specialized into few investment options. Discount brokers are good for 'do-it-yourself' kind of investors. While the services offered by them varies from broker to broker, many of the discount stock brokers do not provide services like stock research, investment in IPO's, mutual funds, FD's, bonds and NCD's. They generally do not have their own research teams and thus do not provide wealth management related services. There are two sub-categories of discount brokers in India by the way they charge the brokerage - brokers charging a fixed price per trade and brokers charging fixed monthly fees for unlimited Trades. Below is the list of top discount brokers in India:

Broker Name Account Features Ratings Review
5paisa Review

5paisa

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.1 Fees 3.9 Brokerage 3.3 Usability 2.7 Customer Service Rated 3.2 stars Overall Rated By 27 Traders Rate Review

Brokerage Plan
Zerodha Review

Zerodha

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.0 Fees 4.5 Brokerage 3.7 Usability 3.8 Customer Service Rated 3.9 stars Overall Rated By 159 Traders Rate Review

Brokerage Plan
Nuvama Wealth Review

Nuvama Wealth

Rs 10

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 2.7 Fees 3.3 Brokerage 3.7 Usability 2.0 Customer Service Rated 2.3 stars Overall Rated By 3 Traders Rate Review

Brokerage Plan
Paytm Money Review

Paytm Money

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   No IPO   Yes Bonds   No Debt Fund  No 3.8 Fees 4.5 Brokerage 3.0 Usability 3.5 Customer Service Rated 4.0 stars Overall Rated By 4 Traders Rate Review

Brokerage Plan
Espresso Sharekhan Review

Espresso Sharekhan

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 1.0 Fees 5.0 Brokerage 3.0 Usability 2.0 Customer Service Rated 1.0 stars Overall Rated By 1 Traders Rate Review

Brokerage Plan
ProStocks Review

ProStocks

Rs 15

per executed order

 Equity Trading  Yes Mutual Fund   No Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 4.3 Fees 4.7 Brokerage 4.3 Usability 3.7 Customer Service Rated 4.3 stars Overall Rated By 3 Traders Rate Review

Brokerage Plan
Angel One Review

Angel One

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   Yes Debt Fund   Yes 3.4 Fees 3.6 Brokerage 3.5 Usability 3.3 Customer Service Rated 3.3 stars Overall Rated By 74 Traders Rate Review

Brokerage Plan
Upstox Review

Upstox

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 3.5 Fees 3.8 Brokerage 3.7 Usability 3.5 Customer Service Rated 3.7 stars Overall Rated By 12 Traders Rate Review

Brokerage Plan
SAMCO Review

SAMCO

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 3.7 Fees 4.6 Brokerage 4.0 Usability 4.0 Customer Service Rated 4.1 stars Overall Rated By 32 Traders Rate Review

Brokerage Plan
Fyers Review

Fyers

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 3.5 Fees 3.6 Brokerage 3.6 Usability 3.4 Customer Service Rated 3.2 stars Overall Rated By 10 Traders Rate Review

Brokerage Plan
Alice Blue Review

Alice Blue

Rs 15

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 2.6 Fees 3.4 Brokerage 2.4 Usability 2.6 Customer Service Rated 2.1 stars Overall Rated By 8 Traders Rate Review

Brokerage Plan
Finvasia Review

Finvasia

Rs 0

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.3 Fees 4.6 Brokerage 4.2 Usability 3.7 Customer Service Rated 4.4 stars Overall Rated By 16 Traders Rate Review

Brokerage Plan
TradePlusOnline Review

TradePlusOnline

Max Rs 9

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.3 Fees 4.8 Brokerage 3.9 Usability 3.9 Customer Service Rated 4.1 stars Overall Rated By 27 Traders Rate Review

Brokerage Plan
HDFC Sky Review

HDFC Sky

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 2.4 Fees 2.1 Brokerage 2.9 Usability 2.8 Customer Service Rated 2.4 stars Overall Rated By 97 Traders Rate Review

Brokerage Plan
SAS Online Review

SAS Online

Rs 9/order or 999 PM

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.6 Fees 4.7 Brokerage 4.0 Usability 4.5 Customer Service Rated 4.5 stars Overall Rated By 12 Traders Rate Review

Brokerage Plan
TradeSmart Review

TradeSmart

Rs 15

per executed order

 Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 3.9 Fees 4.4 Brokerage 3.7 Usability 4.0 Customer Service Rated 4.0 stars Overall Rated By 34 Traders Rate Review

Brokerage Plan
Dhan Review

Dhan

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   No Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 2.8 Fees 3.6 Brokerage 3.2 Usability 2.8 Customer Service Rated 3.3 stars Overall Rated By 12 Traders Rate Review

Brokerage Plan
Groww Review

Groww

Rs 20

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   No IPO   Yes Bonds   No Debt Fund  No 4.3 Fees 4.0 Brokerage 4.3 Usability 3.5 Customer Service Rated 4.5 stars Overall Rated By 6 Traders Rate Review

Brokerage Plan
Stoxkart Review

Stoxkart

Rs. 15 per order

per executed order

 Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes Fees Brokerage Usability Customer Service Overall Rated By Traders Rate Review

Brokerage Plan

special_offers
By Popular Share Brokers
Zerodha Review   Zerodha

Free Eq Delivery & MF
Flat ₹20 Per Trade

Open Account  Review

Angel One Review   Angel One

Free Equity Delivery
Flat ₹20 Per Trade in F&O

Open Account  Review

Kotak Securities Review   Kotak Securities

Free Account Opening
FREE Intraday Trading (Eq, F&O)

Enquire Now

Upstox Review   Upstox

Flat ₹20 Per Trade
Free Demat Account

Enquire Now

Nuvama Wealth Review   Nuvama Wealth

Full-service @ Flat Rate
Flat ₹10 Per Trade

Get FREE Account

Paytm Money Review  Paytm Money

Free MutualFund Investment
Max ₹20 Per Trade in F&O

Open FREE Account Now!

5paisa Review  5Paisa

FREE Account Opening
Trade at Flat ₹20 per Trade

GET FREE Demat Account

Fyers Review   Fyers

Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O

Open Instant Account

Alice Blue   Alice Blue

Flat ₹15 Per Trade
Most Popular Commodity Broker

Request Instant Call Back

Open an Instant Account with Zerodha