Looking for the best discount brokers in India? Here are the top 10 discount brokers that offer low brokerage rates, powerful trading platforms, and good customer support. These brokers help investors and traders save money, making it simpler to get the most out of their trades. Whether you`re new to trading or have been doing it for a while, these brokers are trusted for their honesty, clear practices, and user-friendly tools. Check out the leading stock market trading course in India to enhance your trading experience!
Top 10 Best Discount Brokers in India1. Shoonya 2. Zerodha 3. Upstox 4. Groww 5. Angel One 6. 5paisa 7. Smart Money 8. Fyers 9. Kotak Securities (Kotak Stock Trader) 10. IIFL Securities 11. Alice Blue Best Discount Brokers in India1. ShoonyaShoonya is one of India`s notable discount brokers, built on the motto "Invested in Your Growth." The platform combines cost efficiency with technology-driven tools, making it easier for both new and experienced traders to follow markets, evaluate opportunities, and act with confidence.
Key Features: - Easy-to-use mobile and web platforms
- Data-driven signal-based stock insights through "I Know First"
- Immediate Price View line charts for instant stock trends
- Advanced stock comparison tool and real-time option chain data
- Rs.0 brokerage on equity delivery, IPOs, mutual funds, and ETFs
- Vast investment choices, such as IPOs, ETFs, and 5000+ mutual funds
- Educational support via Infiniti by Shoonya for new investors
2. ZerodhaZerodha is the leader in the discount broking space and a pioneer in making stock trading affordable for retail investors. Known for its simple pricing model of ?20 per trade, Zerodha has become the go-to platform for millions of traders. They offer trading in equities, derivatives, commodities, and even bonds.
Key Features: - Low brokerage charges
- Excellent customer support
- Advanced trading platforms (Kite and Coin)
- Educational resources for beginners (Varsity)
3. UpstoxUpstox is another popular discount broker offering competitive pricing and advanced trading tools. With a flat ?20 per order fee, Upstox has attracted a large number of users. The platform supports trading in stocks, options, futures, and commodities.
Features: - User-friendly trading platform
- Fast execution speeds
- Advanced charting tools
- Mobile app available for stock trading on the go
4. GrowwGroww started as a mutual fund platform but quickly expanded into a discount broking platform. It offers commission-free trading in equities and a flat ?20 per order for F&O (futures and options) trades.
Key Features: - Clean, user-friendly interface
- Zero brokerage on equity delivery trades
- Low-cost trading for futures and options
- Investment in mutual funds and stocks
5. Angel OneAngel One is one of the oldest and most trusted names in Indian stock broking. While they offer full-service broking, they also have a highly popular discount broking plan that charges ?20 per trade.
Key Features: - Variety of investment options (stocks, futures, options, etc.)
- Advanced research and analytics tools
- Easy-to-use mobile app
- Dedicated customer support
6. 5paisa5paisa is a discount broker with a strong online presence and affordable trading solutions. They offer ?10 per order for intraday and delivery trades, making it one of the most budget-friendly options for investors.
Key Features: - Low brokerage fees
- Trading across equities, commodities, and derivatives
- Robo advisory services
- Research-based recommendations
7. Smart MoneySmart Money is a relatively new player in the discount broking industry, but it has quickly gained attention with its flat-rate pricing of rs. 20 per trade.
Key Features: - Low commission structure
- Wide range of financial products
- Easy-to-use mobile app
- High-quality customer service
8. FyersFyers offers low-cost brokerage services for intraday and delivery trading. With a ?20 per order pricing plan, Fyers is an appealing choice for traders who want a platform offering comprehensive research tools and an easy-to-navigate interface.
Key Features: - Low brokerage charges
- Reliable execution speed
- Advanced charting tools and technical analysis features
- Flexible trading accounts
9. Kotak Securities (Kotak Stock Trader)Kotak Securities offers a discount broking plan called Kotak Stock Trader, which provides a flat ?20 per trade fee. They`re known for their strong customer service and secure trading environment.
Key Features: - Wide range of asset classes available for trading
- Research reports and analysis
- Secure trading experience
- Easy-to-use platforms (desktop and mobile)
10. IIFL SecuritiesIIFL Securities is a well-known name in the Indian stock market, offering discount broking services with a ?20 per trade fee. While they also provide research and advisory services, their discount broking plan focuses on cost-efficiency for traders.
Key Features: - Low brokerage rates
- Advanced research tools and reports
- Strong customer service
- Trading across multiple platforms (mobile, desktop)
11. Alice BlueAlice Blue is a growing discount broker in India that offers a ?15 flat fee per trade for equity trading, making it an attractive option for budget-conscious traders.
Key Features: - Low brokerage rates
- Robust trading platforms (Antwork and Upstox)
- Reliable customer support
- Trading across equities, derivatives, and commodities
ConclusionThe rise of discount brokers has made stock trading accessible to a wider audience by reducing the cost of investing. The top 10 brokers listed above offer competitive prices, easy-to-use platforms, and a wide range of services to suit every type of investor. Whether you`re a casual investor looking for cost savings or an experienced trader seeking advanced tools and research, there`s a discount broker in India for you.
*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.
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Posted on: 27-Jan-2025 | Posted by: NIFM |
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