Best Discount Broker In India

What is Discount Broker?

A discount broker is a stockbroker who carries out buy and sell orders at a minimum commission rate. However, a discount broker does not provide investment advice or perform analysis on a client's behalf, unlike a Full-Service Broker.

However, the internet has now brought an Explosion of Discount Broker that allows individuals with smaller capital to trade, at a smaller fee.

Now, most discount brokers operate through online platforms. As a result, the discount broker is nearly synonymous with online brokerages.

Below Are Some Discount Broker In India:-

1) Zerodha:-

Zerodha, founded by Nitin Kamath in 2010, it is the biggest discount broker in India. It has over +1.5 million clients. It contributes over 15% of daily retail trading volumes across the Indian Stock Market. Its mobile app ‘KITE’ has over +1,000,000 downloads on the play store.

According to the NSE, DEC 2018 Report, ( Client Wise) Zerodha Is The Biggest Stock Broking Firm In India.

Zerodha Brokerage Charges:- 

 Zerodha Follow Fixed Brokerage Module, It Charge A Flat ₹20 or 0.03% (which is lower) Per Executed Order. Zerodha Is Charges ₹0 On Equity Delivery, The maximum Brokerage Charge is ₹20.

Trading Segment	Brokerage Charge
EquityDelivery	₹0 (fee)
Equity Intraday	₹20 or 0.03% per Executed Order
Futures Charges	₹20 Per Executed Order
Option Charges	₹20 Per Executed Order
Commodity Charges	₹20 Per Executed Order
Mutual Fund	₹0 (Free Direct MF)

Zerodha Demat And Trading Account Opening Charges:-

For opening a trading and Demat account at Zerodha, here are the charges:

           ------- Equity Trading Account: 200

           ------- Commodity Account: 100

The total account opening charges will be Rs 300. Further, the annual maintenance charge for the Demat account is Rs 300.

Services Offered: Zerodha offers Trading services in equity, derivatives, currency, mutual funds, and Commodities.

Trading Platform:- Zerodha Provide You Trading Platform Like Kite 3.0, Kite Mobile, Console, Pi, Sentinel, Coin.

 Click Below To Open Account Now 👇👇

2) Upstox:-

Upstox is a fast-growing discount broker in India, a group of leading investors including Kalaari Capital, Ratan Tata, GVK Davix Invested In This Company. It is also known as RKSV. Upstox started as RKSV in 2012 and in 2015 it rebranded to Upstox.

Upstox Brokerage Charges:-

 Upstox offers two different brokerage plans basic and pro plan. Here are the Brokerage Charges :

Trading Segment	Brokerage Charge (Basic)	Brokerage Charge (Pro)
Equity Delivery	₹0 ( Free)	₹0 (Free)
Equity Intraday	₹20 Or 0.05% Per Trade	₹30 or 0.10% Per Trade
Futures and options, Commodity, Currency	₹20 Or 0.05% Per Trade	₹30 or 0.10% Per Trade
Mutual Fund	₹0 (Free Direct MF)	₹0 (Free Direct MF)

Click Here to Know About Pricing Of Upstox

Trading Account Opening Charges :

              -------------- Account Opening Charges: 300

    

              -------------- Annual Maintenance Charges: 150

Service Offered: Upstox offers trading services in equity, currency, commodity, and Mutual Fund.

Trading Platform:  Upstox Provide Trading Platform Like - Upstox Pro Web Trading Platform, Bridge for AmiBroker, Developer Console, Option Chain Tool, Upstox MF Platform

 Click Below To Open Account Now 👇👇

3) 5Paisa:-

5Paisa is a part of India Infoline (IIFL) and offers the Lowest stock brokerage in India. IIFL launched 5Paisa to offer a lower brokerage platform for there clients and to compete with the fastest growing discount broking industry.

5paisa Brokerage Charges : 

 

Trading Segment	Brokerage Charges
Equity Delivery	Flat ₹20
Intraday Trading	Flat ₹20
Futures and options, Commodity and Currency	Flat ₹20
Mutual Fund	Free

Click Here to Know About Pricing Of 5paisa

Trading Account Opening Charges : 

 

— Account opening charges: FREE (Rs 650 Waived If you Register From Below Link)

— Annual Maintenance charges: Rs 45 per month (only for months when you trade)

Service Offered: 5paisa Provide Trading Services In Equity, Commodity and Currency it also provide mutual funds, Insurances, Personal loans.

Trading Platform: Investor terminal web platform, trader terminal, 5Paisa share trading mobile app

Click Below To Open Account Now 👇👇

4) Angel Broking:-

Incorporated in 1987, Angel broking is a big brand having +30 Years of experience in the broking world and It Has 1 million+ happy customers. They have their Branches in over 1800+ cities in India. Angel Broking offers the trading facility in Equity, Futures and Options, Commodities, and currency across BSE, NSE, NCDEX & MCX. 

Angel Broking Brokerage Charges : 

Trading Segment	Brokerage Charges
Equity Delivery	₹0 Per Trade (Free)
Intraday Trading	Flat ₹20 Per Trade
Future and Options, Commodity and Currency	Flat ₹20 Per Trade
Mutual Fund	₹0 (Free on Direct MF)

Trading Account Opening Charges : 

 

— Account opening charges: FREE (Not Charge If you Register From Below Link)

--- Account Maintenance Charge - ₹450 (Charges From Second Year)

Survive Offered: Angel Broking offers services in Various Segments Like - Equity, Commodity, Currency, PMS, Life Insurance, ETFs, IPOs & Mutual Funds.

Trading Platform: Angel Broking Provide Trading Platform like- Angel iTrade, Angel Broking Mobile App, Angel BEE

Click Below To Open Account Now 👇👇

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