Compare Online Stockbrokers

Sr. NoNameBrokerage Charges (Delivery)Intraday ChargesAccount Opening ChargeAnnual Maintenance Charge (AMC)Open Account
1ZerodhaRs 00.01% or Rs 20 per executed trade (Whichever is less)Rs 300Rs 300Quick Link
45PaisaRs 0Rs 10 per tradeRs 650Rs 45 per month (only for months when you trade)Quick Link
3UpstoxRs 0Rs 20 per executed trade or 0.01 whichever lower (Basic Plan)Rs 300Rs 150Quick Link
4Trade Smart OnlineRs 15 per trade (Power plan) or 0.07% (value plan)Rs 15 Per trade (Power plan) or 0.007% (Value Plan)Rs 400Rs 300 (Second year onward)Quick Link
5Angel BrokingFlat ₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)Flat ₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)0Rs 450 (Second year onwards)Quick Link
6Sherekhan0.5% (Classic plan)0.1% (Classic plan)Classic Account : 750, Trade Tiger Account : 1000Rs 400 (Second year onward)Quick Link
7ICICI Direct0.55% (I-Secure plan)0.275% (I-secure plan)Rs 975Rs 500Quick Link
8HDFC Securities0.50% or min Rs 25 or ceiling of 2.5% on transaction value0.10% or min Rs 25 or ceiling of 2.5% on transaction valueRs 999Rs 750 (Second year onwards)Quick Link
9Motilal Oswal0.50% on transaction value (Default pack)0.05% on on transaction value (Default pack)Rs 1,000 (Trading)
Rs 0 (Demat)
Rs 400Quick Link
10Kotak Securities0.49% on transaction value (for fixed brokerage plan)0.049% on transaction valueRs 750Rs 600Quick Link
11India Infoline (IIFL)0.50% or 5 paise per share whichever is higher0.05% on both sidesRs 750 (Trading Account), Rs 555(DEMAT Account)Rs 300Quick Link
12SBI Cap SecuritiesHigher of 0.50% or 5 Paisa per shareHigher of 0.15% of 5 Paise per shareRs 850Rs 500Quick Link

Discount Broker

Zerodha

  • Largest discount broker in India, +1 million clients, +10% of daily retail trading volumes
  • Delivery charges: Rs 0
  • Intraday Charges: 0.01% or Rs 20 per executed trade (whichever is less)
  • Account opening charge: Rs 300
  • Annual Maintenance Charge: Rs 300
  • Services: Equity, Derivatives, Currency, Mutual Funds & Commodities
  • Trading Platform: Kite 3.0 trading platform, Kite Mobile, Console, Pi, Sentinel, Coin
  • Pros: Free Equity Delivery trading, Innovative & User Friendly trading platform, Max brokerage per trade is Rs 20
  • Cons: 3-in-1 account not available, No research report or advisory

Discount Broker

5Paisa

Part of IIFL (India Infoline), lowest brokerage stockbroker
  • Delivery charges: Rs 0
  • Intraday Charges: Rs 10 per trade
  • Account opening charge: Rs 300
  • Annual Maintenance Charge: Rs 0 per month (only for months when you trade)
  • Services: Equity, currency, Commodity, Mutual funds, Insurances, Personal loans
  • Trading Platform: Investor terminal web platform, trader terminal, 5Paisa share trading mobile app
  • Pros: Free delivery trading, Can invest in stocks, mf & insurance from same account, lower maintenance charges
  • Cons: No 3-in-1 account, Higher exchange transaction charges

Discount Broker

TS

25 years expertise in the market with Over 50,000+ happy customers, daily avg. turnover of over Rs. 5000 Cr
  • Delivery charges: Rs 15 per trade (Power plan) or 0.07% (Value plan)
  • Intraday Charges: Rs 15 Per trade (Power plan) or 0.007% (Value Plan)
  • Account opening charge: Rs 400
  • Annual Maintenance Charge: Rs 300 (Second year onward)
  • Services: Equity, Derivatives, Commodities and depository services
  • Trading Platform: NEST Trader, SINE(Mobile App), SineWeb
  • Pros: Low and Unique Brokerage Plans, high margin, Fast Account opening, Zero additional software charges, No min balance required
  • Cons: 3-in-1 not available, No direct IPO Investment

Discount Broker

Upstox

Fast growing discount broker, backed by a group of investors including Kalaari Capital, Ratan Tata etc.
  • Delivery charges: Rs 0
  • Intraday Charges: Rs 20 per executed trade or 0.01 whichever lower (Basic Plan) | Rs 30 per executed trade or 0.05 whichever lower (Pro Plan)
  • Account opening charge: Rs 300
  • Annual Maintenance Charge: Rs 150
  • Services: Equity, Currency, Commodity
  • Trading Platform: Upstox Pro Web Trading Platform, Bridge for AmiBroker, Developer Console, Option Chain Tool, Upstox MF Platform
  • Pros: Free delivery trading, Flat brokerage irrespective of trade volume, Margin against share is available, Priority brokerage
  • Cons: Cannot make direct IPO & FPO, NCDs, Margin Funding not available on delivery trades

Full-Service Broker

Angel

Big brand in broking world with presence in over 1800+ Cities, 1M+ customers, one of the oldest broker
  • Delivery charges: Flat ₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)
  • Intraday Charges: Flat ₹15/trade (<₹50k order) | ₹30/trade (>₹50k order)
  • Account opening charge: Rs 0
  • Annual Maintenance Charge: Rs 450 (Second year onwards)
  • Services: Equity, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs, Mutual Funds
  • Trading Platform: Angel Eye, Angel Booking App, Angel Speed Pro, Angel Bee
  • Pros: Cheapest full-service brokers, 10x Margin on deposits, Good Research Reports & market recommendation, Fast account opening process
  • Cons: No 3-1 account, Min brokerage higher than discount brokers, Hidden Additional Charges

Full-Service Broker

Sharekhan

17+ lakh customers, 1800 offices, 550 cities, Huge online/offline presence
  • Delivery charges: 0.5% (Classic plan)
  • Intraday Charges: 0.1% (Classic plan)
  • Account opening charge: Classic Account : 750, Trade Tiger Account : 1000
  • Annual Maintenance Charge: Rs 400 (Second year onward)
  • Services: Equities, Derivatives, Currency, Mutual Fund, Commodities,PMS, IPOs
  • Trading Platform: Trade Tiger, Sharekhan web, Sharekhan mobile app, ComMobile Pro, InstaMf App
  • Pros: Brand value, Huge presence, A/C opening charges get adjusted with brokerage, offers offline training workshops etc
  • Cons: No 3-in-1 A/c facility, Higher brokerage charge

Full-Service Broker

Motilal

20+ years of experience in trading and investment, Spread over 500+ cities and comprising 2,200+ Business Locations
  • Delivery charges:  0.50% on transaction value (Default pack)
  • Intraday Charges: 0.05% on on transaction value (Default pack)
  • Account opening charge: Rs 1,000 (Trading) Rs 0 (Demat)
  • Annual Maintenance Charge: Rs 400
  • Services: Equity, Derivatives, Commodities, Currency, IPOs, Mutual Funds
  • Trading Platform: Motilal Oswal Trade, Desktop trading platform, web trading platform, Mobile App
  • Pros: Award winning research services, Wide investment choices, Personal advisor/advisory, 3 brokerage plans
  • Cons: High brokerage, Doesn’t offer 3-in-1 account, additional hidden charges

Full-Service Broker

Icici Dir

One of the oldest and biggest stock broker in India with +2 Million Users
  • Delivery charges: 0.55% (I-Secure plan)
  • Intraday Charges: 0.275% (I-secure plan)
  • Account opening charge: Rs 975
  • Annual Maintenance Charge: Rs 500
  • Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, FD, Bonds, NCDs, ETFs
  • Trading Platform: Share trading account, Trade Racer Web, ICICI Direct Mobile
  • Pros: 3-in-1 Account, Brand Value, Fast Trading Platform, offers 3 brokerage plans – I-Secure, I-Saver & Prepaid brokerage plan
  • Cons: No trading facility for Commodities, High charges, Poor Mobile App Performance, Brokerage Plan little complicated

Full-Service Broker

Hdfc Sc

Subsidary of the largest private bank in India with huge online/offline presence, Big brand Value
  • Delivery charges: 0.50% or min Rs 25 or ceiling of 2.5% on transaction value
  • Intraday Charges: 0.10% or min Rs 25 or ceiling of 2.5% on transaction value
  • Account opening charge: Rs 999
  • Annual Maintenance Charge: Rs 750 (Second year onwards)
  • Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, ETFs, Bonds, FDs, Insurance
  • Trading Platform: HDFC Sec web trading platform, Blink, ProTerminal, Mobile App
  • Pros: 3-1 Account, Umbrella platform, Excellent customer services, Research Reports & Reccomendation, NRI Section
  • Cons: High brokerage charges, no commodity trading

Full-Service Broker

Kotak

Founded in 1994, Kotak Securities Ltd is a subsidiary of Kotak Mahindra Bank, 360+ cities presence
  • Delivery charges: 0.49% on transaction value (for fixed brokerage plan)
  • Intraday Charges: 0.049% on transaction value
  • Account opening charge: Rs 750
  • Annual Maintenance Charge: Rs 600
  • Services: Equity, Derivatives, Mutual Funds, IPOs, ETFs, Currency, bonds, ETFs
  • Trading Platform: XTRALITE (web), KEAT PRO X (terminal application), Fastlane, Stock Trader(mobile app)
  • Pros: Wide investment options, high performance platforms, 3-1 account, offers multiple brokerage plan- Fixed, Dynamic & FIT
  • Cons: High Brokerage charges, Average Customer service

Full-Service Broker

IIFL

Incorporated in 1995, India Infoline has wide network of 4000+ branches spread over 900+ cities across India
  • Delivery charges: 0.50% or 5 paise per share whichever is higher
  • Intraday Charges: 0.05% on both sides
  • Account opening charge: Rs 750 (Trading Account), Rs 555 (Demat Account)
  • Annual Maintenance Charge: Rs 300
  • Services: Stocks, Derivatives, Commodities, Insurance, FD’s, Loans, Bonds
  • Trading Platform: IIFT Trader Terminal, Investor Terminal (IT), IIFL Trader Terminal App
  • Pros: High Performing trader terminal platforms, Wide network of branches across India
  • Cons: Mutual Funds & IPO investment is comparatively tougher, Average customer service

Full-Service Broker

SBICap

A trusted brand and Subsidiary of State Bank of India, country’s largest bank of India
  • Delivery charges: Higher of 0.50% or 5 Paisa per share
  • Intraday Charges: Higher of 0.15% of 5 Paise per share
  • Account opening charge: Rs 850
  • Annual Maintenance Charge: Rs 500
  • Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, ETFs, Bonds, FDs, Insurance
  • Trading Platform: SBI Smart web trading platform, eZ-Trade@sbi
  • Pros: 3-in-1 account, Umbrella platform to invest in stocks, bonds, mf, fds etc, large presence
  • Cons: High brokerage charges, Below-average customer service

*Disclaimer: All pricing data was obtained from the published stockbroker’s web site as of 02/08/2019 and is believed to be accurate, but is not guaranteed. It can vary from time to time depending on the active campaigns and hence recommended to refer the broker’s website for latest updates.

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