Best Discount Brokers in India / top indian discount brokers
Over the past decade, the Indian stock market grew dramatically due to millions of new people investing their money. New investors in the Indian stock market can grow thanks to discount brokers who give them low-cost trading tools and flexible investment options. Finding a suitable broker becomes your first step when entering trading and investing. This guide presents detailed information about five leading discount brokers in India and shows why they excel in their services.
What are Discount Brokers ?
They are brokers who provide trading platforms at low cost compared to regular online brokerage firms. They match investors with trading markets, but don’t give you complete financial advice or help you protect your assets.
Features of Discount Brokers in India
Low Brokerage Fees:
Discount brokers require far smaller fees than what full-service brokers demand. Discount brokers set the same cost for each trade they process regardless of the number of orders someone places.
Online Platforms:
Most discount brokers run their entire platform online through web and mobile applications. The platforms are built to make trading straightforward while giving users live market information and tools for placing orders plus drawing technical charts.
No Advisory Services:
Discount brokers support basic brokerage services but do not give investors financial planning guidance. They help traders and investors make their own investment decisions without guidance.
Focus on Execution:
As their basic duty, discount brokers efficiently handle transactions between clients and the market. They handle transactions easily and quickly while charging small fees.
Wide Market Access:
Discount brokers enable investors to trade with both stock and derivatives alongside mutual funds and ETFs with addition of foreign markets when provided.
Top best discount brokers in india
1. Zerodha
2. Upstox
3. Groww
4. 5Paisa
5. Angel One
Best indian discount brokers
| Broker | Equity Delivery | Equity Intraday | Equity F&O | Currency & Commodity | Special Discounts / Plans |
| Zerodha | ₹0 | ₹20 or 0.03% | ₹20 per order | ₹20 per order | No special discounts, low-cost model |
| Upstox | ₹0 | ₹20 or 0.05% | ₹20 per order | ₹20 per order | Occasional free AMC or account opening offers |
| Groww | ₹0 | ₹20 or 0.05% | ₹20 per order | ₹20 per order | No special discounts, beginner-friendly pricing |
| 5Paisa | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | Subscription plans for lower brokerage |
| Angel One | ₹0 | ₹20 per order | ₹20 per order | ₹20 per order | No brokerage for delivery trades |
Best Discount Brokers in India
Let us see some best discount brokers in India providing top notch services at a very competitive prices.
1. Zerodha
How this Startup from Bangalore changed Discount Broking in India
Overview:
Indian customers started using Zerodha when it opened for business in 2010, and they are still its most common customers today. The platform provides two types of fees. It doesn’t charge brokerage for buying and selling stocks held for long, while charging ₹20 per trade for buying and selling stocks during the day or trading futures and options. You can simply trade using Kite while Zerodha Varsity gives you handy learning tools. This is one of those indian discount brokers who provide education as well
Key Features:
Pricing: The delivery-based equity trades will be available to traders at zero brokerage charge. Monthly consolidated charges of ₹20 per executed order for intraday, F&O, commodities and currency business.
Platforms: Kite, is an indigenous proprietary trading platform that is easy to navigate, and its charting capabilities and over 100 technical indicators.
Educational Resources: Zerodha Varsity currently has a wide range of tutorial courses on trading and investment.
Innovative Offerings: Others include – Coin which is a direct mutual fund investment portal and Streak which is an algorithmic trading tool.
Why Choose Zerodha ?
Being a broker and a trading platform, Zerodha is suitable for new as well as experienced traders in the stock market. Low fees, systematic platform, and primacy of financial literacy make it the best one. Zerodha is one of the best discount broker in india
2. Upstox
A Trading Platform Driven by Cutting Edge Technology
Overview:
Since starting in 2012, Upstox gives clients unlimited free trades for buying and selling stocks they hold, while intraday trading costs them ₹20 per transaction. It has two excellent trading apps, Upstox Pro Web and Mobile that are easy for everyone from novices to experienced traders to use.
Key Features:
Pricing: Free equity delivery trades. Commission of ₹20 flat on the intraday as well as F&O segment business.
Platforms: The one that you use might be Upstox Pro which comes as a web and an app and comes with charting tools, one touch trade, and real time data.
Investment Options: Apart from stock investments, clients can invest in mutual funds, IPOs, and digital gold.
Customer Support: Currently, these Upstox brokers provide reliable assistance through the chat and rescue male via email with quick response to the inquiries.
Why Choose Upstox ?
Upstox is a cheap platform with innovative solutions for trading that should appeal to any active trader interested in embracing recent innovations. Upstox falls under one of the known and best discount broker in india.
3. Groww
For first-time investors, they have an easy time managing their assets.
Overview:
The investor app Groww opened in 2016 for mutual funds but now covers stocks, ETFs, and trading US shares. Because of its simple design, Groww is easy to use for people who have never invested before. Groww comes in top indian discount brokers used to trade multiple instruments.
Key Features:
Pricing: Shares bought directly and held until sold have no trade fees. You’ll pay ₹20 for each order you place when holding your investments overnight.
Platforms: Groww gives users a simple experience through both its app and website, with clear designs that work well.
Diverse Offerings: You can use this app to buy stocks, fund shares, American stock holdings, cash savings accounts, and electronic gold.
Educational Content: Groww shares financial knowledge by writing articles, posting videos, and sharing learning material on both its website and mobile app.
Why Choose Groww?
Groww’s easy to use website shows you everything you need to get started, and gives new investors lots of information and many different ways to invest money.
4. 5Paisa
If you want to buy and sell stocks cheaply, 5Paisa’s your best choice since it’s partnered with IIFL.
Overview:
As a sister company of IIFL (India Infoline), 5Paisa is famous for low brokerage costs and many useful financial services. Starting in 2016, Groww was built to fulfill all financial requirements in one quick and simple way.
Key Features:
Pricing: You only pay ₹10 for each trade you finish, which puts 5Paisa at the bottom of most brokerage companies’ rate tables.
Platforms: Both 5Paisa and TradeStation give traders a nice, simple way to buy and sell stocks, with helpful tools such as dashboard customization, detailed charts, and computer trading.
All-in-One Account: You can handle mutual funds, buy insurance coverage, request a personal loan, and set up Systematic Investment Plans in the same account.
Membership Plans: As a customer reward in trading, 5Paisa lets frequent traders join their membership discounts to pay even less for their brokerage fees.
Why Choose 5Paisa ?
5Paisa provides good deals for traders looking to save money while using a complete financial service package.
5. Angel One
Improving Technology to Reflect Its Long-Running Success
Overview:
Ever since its start, Angel One (formerly called Angel Broking) has gained a long-lasting positive reputation as one of India’s top favorite brokerage houses. The firm started with complete service options but now focuses mainly on creating tech-based discount brokerage.
Key Features:
Pricing: The company charges nothing when you buy or sell stock and hold the shares through delivery. But they charge ₹20 for each order you place if you buy or sell stock and take back your money that day.
Platforms: You can use the Angel One app and website to trade using SmartAPI for algorithm trading, ask ARQ Prime to get personalized investment ideas, and check advanced market information.
Comprehensive Research: Angel One helps you make better trading decisions by giving you well-described stock research along with trading tips.
Legacy Trust: After being in business for 20 years, Angel One uses trusted systems while adding new ways to trade.
Why Choose Angel One?
Angel One meets all the needs of people who want a broker with a solid reputation while enjoying modern trading tools. Angel One is a well known, Experienced and best discount broker in india.
Compare best discount broker in India with other discount stock brokers here
| Feature | Zerodha | Upstox | Groww | 5Paisa | Angel One |
| Equity Delivery | ₹0 | ₹0 | ₹0 | ₹20 per order | ₹0 |
| Equity Intraday | ₹20 or 0.03% | ₹20 or 0.05% | ₹20 or 0.05% | ₹20 per order | ₹20 per order |
| Equity Futures | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order |
| Equity Options | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order |
| Currency Futures | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order |
| Currency Options | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order |
| Commodity Trading | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order |
| Account Opening Charges | ₹200 | ₹0 | ₹0 | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹300 per year | ₹0 | ₹0 | ₹0 | ₹0 |
| Subscription Plans | No | No | No | Yes | No |
| Trading Platform | Kite | Upstox Pro | Groww App | 5Paisa App | Angel One App |
| Research & Advisory | Limited | Moderate | Basic | Yes | Yes |
How to choose the right discount broker ?
Your best pick between these brokers comes from what you like to trade, your investment aims, and your personal style. Here are a few factors to consider:
Brokerage Charges: Intraday and F&O fee costs should matter to you, and that’s why you should consider brokers with low rates if you trade often.
Trading Platforms: A good trading website makes it easy to understand, and includes tools like charts with additional charting choices, technical analysis tools, and live data updates.
Investment Options: Make sure the broker lets you invest where you want to, like U.S. stocks or mutual funds.
Customer Support: New investors need customer support that goes right away when they need it.
Additional Features: Search for services that add value to your trading, like educational resources, research data, and automated trading options.
Advantages of Discount Brokers
Cost Savings:
Trading with a discount broker is affordable because their fees are very small – this saves money overall, especially if you trade often.
DIY Approach:
Anyone looking to run their own investment strategy can benefit from using discount brokers because they give you the tools to trade by yourself.
Accessibility:
Are online trading companies carefully designed to help you trade with tools available on your computer or smartphone.
No Hidden Fees:
When dealing with discount brokers, they don’t keep track of fees you might not be aware of – everything is visible up front.
Limitations of Discount Brokers
No Advisory Support:
Starting investors often struggle to know how to trade alone, because discount brokers don’t supply one-on-one help with investment decisions.
Limited Research and Tools:
Discount brokers do provide basic research tools, but they fall short when it comes to giving you comprehensive marketplace analysis that full-service brokers offer.
Self-Directed Investing:
Buyers who trade without guidance need to personally own their trading choices, something basic clients who know less about trading and market shifts find hard.
Who should choose a Discount Broker ?
Active Traders: Small traders who make many buy/sell transactions pay lower fees thanks to a sliding scale used by this broker.
Cost-Conscious Investors: For investors who keep their stocks for years, regular delivery orders have low fees with discount brokerage firms.
Tech-Savvy Individuals: Those who currently manage their investments via online tools should rely on these brokers.
Self-Learners: People who enjoy managing their investments on their own, without hiring a financial expert.
You can save money, spend less time on your trades, and do it all yourself by working with discount brokers. Due to huge changes in moving money online for shopping, more Indian people are investing digitally in markets right now.
Conclusion
India’s stock market is opening up to many more people as discount brokers enter the market and make trading available to everyone. Being the most powerful companies, Zerodha, Upstox, Groww, 5Paisa, and Angel One give everyone the chance to pick the portal that suits them best. No matter where you are as a trader – new or advanced – there’s a broker who can meet your needs perfectly.
Look at your trading style, learn about each platform, and see what costs they charge before picking your discount broker. Finding the best discount brokers in India lets you profit from and enjoy the growth of India’s financial world.
FAQ'S
What Are the Best Discount Brokers in India ?
There are many indian discount brokers who operate in this segment but Best Discount Brokers in India are:
Zerodha
Upstox
Groww
5Paisa
Angel One
What are Discount Brokers in India ?
Low-cost stockbrokers, called ‘discount brokers,’ charge less for trading compared to regular (full-service) brokers you find at traditional financial institutions. They help you trade four different kinds of financial assets – stocks, bonds, commodities, and derivatives – but they don’t provide investment guidance, thorough research reports, or management help for your portfolio.
What are the Advantages of Discount Brokers in India ?
There are many advantages of Indian Discount Brokers
No Hidden Charges
Cost Saving
Accessibility
Wide Range of Services
What is the difference between Full service Broker and Discount Broker ?
Full Service Brokers
They provide financial services that cover research, financial planning, and giving investment solutions. They offer assistance with both tax strategy and creating plans for your future finances.
Discount Brokers
Focuses on executing orders for clients and opening Demat accounts. They may offer limited investment guidance.
