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Zerodha 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Espresso Sharekhan 

Espresso Sharekhan was started in 2020 as a discount broking firm. Espresso Sharekhan is part of Sharekhan which is one of largest full-service stock brokers in India. Espresso was launched to compete with discount broking firms such as Zerodh, Angel one, Upstox, Groww etc. Within 2 years, the Company has got 100K+ active clients and the number is growing day by day. Espresso Sharekhan provides the facility to invest and trade into equity delivery, intraday trading, commodities, currency, futures and options etc. One of the unique features about the brokerage charge  of the Espresso Sharekhan is that it doesn't charge for loss making intraday trade. It also doesn't charge for equity delivery. It charges 0.03% for equity intraday and futures, flat Rs. 20 for options. Opening a demat account with Espresso Sharekhan is free but it charges Rs. 400 as annual maintenance charge. The Company provides Espresso mobile app and web app for trading and Binge for desktop trading.  

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Zerodha 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Bajaj Financial Securities Limited (BFSL)

Incorporated in 2010, Bajaj Financial Securities Limited is a discount broking firm. It is a fully owned subsidiary  of Bajaj Finance Limited.  The Company is serving approximately 100K active clients. It offers a wide range of financial products and trading services such as equity delivery, intraday trading, futures and options, NCDs, ETFs, IPO, mutual funds, loans against shares etc. The brokerage charges differ with various subscription plans. It offers Freedom Plan, Professional Plan and Bajaj Club Plan to its clients. BFSL charges 0.1% for equity delivery, and flat Rs. 17 for equity intraday, equity futures and equity options. It also provides the opportunity to invest in US stocks. The account opening charge with BFSL is zero while annual maintenance charge is Rs. 431. The Company has developed its own trading platform such as BFSLTrade (mobile app), Trade Online (web platform). 

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Dhan  

Started by former Paytm Money CEO Pravin Jadhav in 2021, Dhan is one of the fastest growing discount brokers in India. Within a year, the Company has 1 million app downloads on Google Play Store. The company is growing rapidly with 75K+ active clients base. The Company offers the facility to invest and trade in equity delivery, intraday trading, ETFs, IPOs, mutual funds, futures and options, commodity and currency. The Company charges zero for equity delivery, 0.03% for intraday trading and  futures,  Rs. 20 for options trading. The account opening charge and account maintenance charge with Dhan is zero. To encourage women to participate in the stock market, Dhan has reduced 50% brokerage for women.  Dhan charges Rs. 10 per order for intraday and futures and options trading for women. Dhan app and Dhan web are the platforms developed by the Company to access its services and invest seamlessly in the stock market.

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Samco 

Established in 2015 by Jimeet Modi, Samco is Mumbai based SEBI-registered discount broking firm. Currently, the Company has 70K+ active clients base. The Company provides the facility to invest and trade in equity delivery, intraday trading, commodity, currency, futures and options, IPOs, and regular mutual funds. The brokerage charges of the Company are fixed for all segments. It charges a maximum of Rs. 20 or 0.02% ( whichever is lower)  per trade executed.  The account opening charge with Samco is zero while it charges Rs. 400 for annual maintenance charge. For the first year, Samco charges zero annual maintenance charge and for the first month it provides 100% brokerage cashback. Samco has developed its own trading platform such as StockNote for  mobile  web trading and Nest Trader for desktop trading. It provides a separate mobile and web platform for mutual fund investment which is RankMF. 

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Trade Smart Online 

Started in 2013 by Vikas Singhania and Neha Singhania, TradeSmart online is Mumbai-based SEBI-registered a discount broking firm in India. It has very low brokerage charges as compared to other discount brokers.  Currently, the Company has approximately 45K active clients. It offers various products and services to customers such as  the facility to invest and trade in equity, intraday trading, commodity, futures and options, currency, IPOs, mutual funds and insurance. TradeSmart online offers two brokerage plans to its clients 'Power Trading Plan' and 'Value Trading Plan'. Under 'Power Trading Plan', the Company charges Rs. 15 per executed order regardless of size and offers high margin and under ' Value Trading Plan', it charges 0.07% for equity delivery, 0.007% intraday, futures, currency and commodities and Rs. 7 per order in options. Account opening with Trade Smart Online is zero while it charges Rs. 300 for annual maintenance charge. To access its services and products, it has developed SINE (mobile and web trading platform) and Nest Trader for desktop trading. 

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Founded by Nikhil Kamath and Nitin Kamath, Zerodha is the fastest growing discount broker in India. Started in 2010, with customer centric approach, soon Zerodha became market leader in the industry and currently serving 65+ lakhs active clients. Being the No.1 stock broker, Zerodha is technologically the most advanced stock broker in India. Zerodha is a discount broking firm that provides the facility to invest in equity, currency, direct mutual fund, commodity, IPO,  future and options. The brokerage charges of Zerodha for equity delivery and direct mutual funds are zero. For intraday trading, the brokerage charge is Rs. 20 or 0.03% (whichever is lower) irrespective of transaction size. The account opening charge with Zerodha is Rs. 300 and the same amount for annual maintenance charge. For investment in equity and mutual funds, Zerodha has developed two different applications, Kite for investment and intraday trading and Coin for mutual funds investment.

Stoxkart 

Launched in 2019, Stoxkart is a discount broking business of SMC Global Securities Limited which is a leading full service stock broker and financial service provider. The Company has so far acquired approximately 23K+ active clients. It provides the facility to invest and trade in equity, intraday trading, commodity, currency, futures and options, mutual funds etc. The brokerage charges of Stoxkart are very low compared to other brokers. It charges zero for equity delivery and flat Rs. 15 per executed order for all segments. For equity intraday, it charges only when you make profit. Account opening charge with Stoxkart is zero while it charges Rs. 300 for annual maintenance charge. It offers different trading platforms for different devices. Stoxkart Classic ( mobile app), Proweb( web trading platform)   and a desktop trading platform. It has a separate platform StoxMF for mutual fund investment. 

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options