Zerodha - Featured Indian Discount Broker . Here's why

  • PI - Next generating trading platform
  • Rs 20 or .01% / .1% whichever is lower per executed order
  • Same pricing for Equity, F&O, Currency, and Commodity across all exchanges
  • No upfront fee or turnover commitment
  • Over 50,000 happy customers, averaging a daily turnover of over Rs. 5000 crores
  • 170+ dedicated support team to ensure the fastest turnaround time for your queries via email or phone
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Types of brokers

You will want to understand the differences in brokers as well as the type of investor you are before choosing a specific broker. Two types of brokers include discount brokers and full service brokers.

Discount brokers will charge a lower fee than a full service broker while providing minimum trading facility at a lower cost. This will generally allow for an investor trust the broker to make fast, real time decisions. Full service brokers provide multiple services apart from buying and selling shared. Many are bank subsidiaries providing a client with a savings account, demat account and online trading facility. Above all else, a full service broker will provide well established personal advice regarding market trends.

Choosing the right stock broker

While choosing an Indian stock broker, you can think over the following points.
  • What kind of investor are you?

    Before choosing an Indian stock broker you will need to ask yourself this question. If you consider yourself a day trader you will need to invest within a small time duration that can be as short as a few minutes and as long as a few hours. As a day trader you will want to seek out a broker who will offer a flat fee on transactions or offer lower fees. This is closely affiliated with discount brokers. Some well-established India based brokers who will offer you real-time, valuable market research platforms for a lower fee include Zerodha and RKSV Security.

    The second type of investor will buy and hold stock for longer periods of time. In this case of an investor there is a strong need to obtain extremely accurate data in a short time period in order to make the best investment decision possible. You will need a broker with a solid execution strategy and one who understands long-term market values, trends and trading patterns. India based full service brokers include IDBI Palsa builder, Motilal Oswal Review, Indiabulls and Geojit BNP Paribas.

  • Reputation of a stock broker

    Save yourself money by researching reputations of stock brokers. You can browse through SEBI and stock investment websites in order to find the right broker. Through reputation research you will be able to see any issues complaints that exist against a broker or browse their personal experience working with investors in the market. Choose a broker who is highly experienced and has an up to date knowledge of the inner workings and trends of the market.

  • Cost Efficiency

    There are different kind of fees associated with working with a broker. There are account opening fee, transaction fee, maintenance fee etc. Look for low transaction fees if you trade more often, and low maintenance fee if you hold stock for longer duration.

  • Platform and market research facilities

    Brokerages are increasing capacity to utilize advanced technology through software development and market research tools. Operating an account with a broker who has knowledge of these kinds of software and market research tools will provide incentives for you to make informed and timely decisions in choosing stocks.

  • Range of facilities offered

    Whether you are looking to invest in IPO or Market Funds choose an investor who allows you to do so. Working together as a team is crucial in choosing a broker to make decisions with your finances.

Check out the list of top share brokers in India below and find the best stock broker in India


Major Indian Discount Brokers

Find the list of top discount brokers in India below and choose the best discount broker in India. Most of these are online discount brokers in India and thus provide trading facilities over the internet.
Broker Name Opening Brokerage Offers
Broker Name Opening Brokerage Offers
Zerodha Rs 200 Rs 20 or 0.01% whichever is lower. Open Account Now
RKSV Security Zero for ISB readers Five trade free every month. Rs 20 per trade after that. Open Account Now
SAS Online Rs 400 Rs 9 per trade or 0.07% per trade. Open Account Now
TradeJini Rs 300 Rs 20 per trade. Open Account Now
Trade Smart Online Rs 400 Pay maximum of Rs 15 per order. Open Account Now
TradePlus Online Rs 499 but it is redeamable Unlimited commodity brokerage for Rs 99. Open Account Now
Ventura Securities Rs 3500 but it is refundable Rs 50 to Rs 18 per option Intraday from 1 paise to 3 paise. Open Account Now

Major Indian Full Service Brokers

Broker Name Opening Yearly Maintainence Brokerage Intraday
Broker Name Opening Yearly Maintainence Brokerage Intraday
Angel Broking Rs 350 Rs 300 .50% .06%
AXIS Direct Brokerage Rs 999 400 .5% .05%
Bonanza Rs 600 Rs 275 .50% .05%
Canmoney Rs 200 Rs 200 .35% .01%
Geojit BNP Paribas Rs 800 Rs 400 .30% .03%
HDFC Security Rs 999 Rs. 550 Higher of 25 or .5% Higher of 25 or .05%
ICICI Direct Rs 975 Rs. 500(mail statement) Rs 450 (email) .55% .05%
IDBI Paisa Builder Rs 700 Rs 350 .50% .08%
Indiabulls Rs 1350 Rs 450 .30% .05%
IIFL Rs 750 Rs 450 .50% .05%
Kotak Securities Rs 750 Rs 50 .59% .06%
Reliance Money Rs 950 Rs 210 .30% .035%
Motilal Oswal Rs 550 Rs 900 .5 - .9% Buy - Nil Sell - .25% to .4%
Religare Rs 499 Rs 300 (email) Rs 480 (paper statement) .3% .06%
SBI Rs 500 Rs 386 .75% .05%
Sharekhan Rs 750 Rs 441 .5% .1%
SMC India Rs 499 Nil .30% .03%
Ventura Rs 1000 Rs 400 .45% .05%