Best Discount Brokers in India

Welcome to the top 10 online brokers. Ever since the time we started the section, we have focused on the decent analysis of the several discount stock brokers to present you the best discount broker in India. Yes, if you are looking for the perfect discount broker, the search ends here. Amidst, exploring the various broking companies, Question might have arisen in your mind “Who is the Best Stock Broker in India?” You can portray a clear image for the same by having a quick glance at our website by comparing renowned Indian share brokers listed in NSE, BSE, MCX, NCDEX, CDS segments.

Moreover, we are intended to bring into notice the set of qualities acting as the benchmark to find out the Best Broker in India. For that, we have presented the comparison among the top stock brokers in India on the basis of some crucial parameters. The points of comparison discussed later include brokerage, margin and other comprehensive stock trading applications.

In the hurry to trade in and out, one must not vitiate the possibility of making a good profit in trading through the best share broker. In the very beginning, we have introduced the discount broker which has appeared at the leading position on the overall comparison basis. However, before heading forward in the trading voyage, check how to be a buoyant trader, know more about the categories of brokers and subsequently, compare them to perceive the best share broker in India as per your needs.

lowest brokerage fees

Best Discount Broker in India 2020 – By Traders’ Choice 

Wisdom Capital has been appeared as the Best Stock Broker in India by traders’ choice for online stock trading. The points which make it highly admirable Indian share broker are:-

      • Pioneer in offering Lifetime Zero Brokerage trading account without any hidden charges
      • Highest Leverage Broker in India
      • Best Online Trading Platform & Mobile App in India
    • Best in class Customer care services

Pioneer Stock Brokers In India

lowest brokerage fees

Wisdom Capital

Wisdom Capital is one of the best discount online brokerage firm in india.
low brokerage trading account in india


Zerodha is one of the indian financial services brokers in the market.
online trading account

ICICI Direct

Founded in the year 2000, ICICI Direct is the best online trading platform.
best trading company

Kotak Securities

Kotak Securities is a stock broking section of Kotak Mahindra Group in India.
sharekhan logo


It was established in 1992, Sharekhan is a leading full service broker firm.
paisa builder

IDBI Paisa Builder

Established in 1993, IDBI Paisa Builder is the branch of the IDBI Bank Limited.


It was established in 2008. It’s demat is registered with CDSL,MCX, BSE, NSE.
top 10 stock brokers

Angel Broking

Established in 1987, Angel Broking is the best full services provider in India.
upstox logo


RKSV, is also known as Upstox, it has started in the year 2012.
sas online

SAS Online

SAS Online is a discount brokerage firm incorporated in 1995.
top 10 stock brokers in india

HDFC Securities

HDFC Securities is the subsidiary of HDFC Bank Limited , Started in 2002.
5 paisa


5paisa is a part of India Infoline (IIFL), that was incorporated in 1995.

How To Become A Successful Online Stock Trader In Indian Share Market?

In order to deploy in the direction of your trade, you must contemplate some of the key factors of online stock broking. Brokerage is the charge taken by the Share broker for executing your orders over the Stocks and commodity exchange and it varies broker to broker. Some brokers offer free brokerage in all segments to encourage retail investors to invest in stock market. Brokerage decides breakeven points that are entry and exit to the market. Margin required to trade in any segment, as the stock market is all about understanding the manipulation of all correct and incorrect decisions. The more you continue with margin trading, it will be easier for you to earn a profit with other’s money as high risk lies on broker’s end and lower risk lies on your side. Software plays a major role in the stock market trading. How fast and easy to navigate between your needs. Customer Support is a key factor to hinder risk when there is high liquidity in the stock market. Profit depends upon the taking position in the market (buying/selling) at the correct price. Buy at less and sell at more. For a better trading experience, you need to know about the brokers first.

Best Stocks & Commodity Brokers in India : Their Category

As we know, there are innumerable stock brokers in India. They all have the aim to be at the confluence of cutting-edge technology and financial segments. These share brokers are further divided into two categories.

Full-Service Share brokers in India

Full-service brokers are the ones who offer higher brokerage charges depending upon the volume of your trade. Unlike discount brokers, trade associated with such brokers is quite high-priced.

Some facts about the Full-service best share brokers in India

  • They are good for delivery based trading.
  • They also provide additional services like tips on research and investment advice.
  • They offer costly intraday trading.
  • Best Online Trading Terminal & Mobile Apps
  • Brokerage generally depends upon the volume of your trade.

Discount Brokers in India

“Discount Broker” is a preferred broker for online traders as it works on minimal brokerage charges (Fixed flat rate) resulting in low trading cost. Although it offers discounted brokerage rate it doesn’t provide any investment advice. It has presented the revolution in the field of trade as earlier traders with less capital were unable to pursue trading. But due to the discounted or low brokerage rate, they are also enjoying the profits associated with a trade.

Is Discount broker in India dominating Full-Service Share Broker?

    • Full time brokers works fine for delivery based trading while discount brokers are satisfactory in all market segments.
    • Traditional brokers  provide additional services like tips on research and investment advice.
    • Although services like research calls are provided with full service brokers still intraday trading become highly expensive due to high brokerages.
    • Discount brokers avail upgraded trading terminal & mobile apps while full time brokers’ trading tools do not follow the pace.
  • Best discount broker even offers the free trading services. However, with full service brokers, brokerage increases generally depending upon the volume of  trade.

Best Discount Brokers in India – Why to choose?

  • Lower Brokerage
  • Excellent Customer Service
  • Best Online Trading Platform
  • Best Mobile App for Stock Trading
  • Higher Leverages or Intraday exposures

Best Share Broker in India – Necessary Traits

SEBI registration

SEBI is extended as Securities and Exchange Board of India. Its registration really matters for any firm and adds value to it.

Exchanges Enabled for such brokers

Check if they have a membership of exchanges like BSE, NSE, MCX, and NCDEX to ensure credibility.

Being a veteran of the market

A well-experienced firm can always enhance your trading. Experience never goes in vain, therefore their expert articles and daily updates make your decisions savvy day by day and hence the more you explore, the more you gain.

Technology upgraded platform

They should have smart trading technology with a user-friendly interface available on desktops, web, and mobile so that you can run your trading screen anytime and anywhere to place orders in a fraction of a second.

List of Best Discount Brokers in India Vs Traditional Stock Brokers

List of Top 10 Discount Brokers in India and Top 10 full-service Stock Brokers in India.

full service TOP 10 Stock Brokers IN INDIATop 10 Discount Brokers in India
ICICI DirectWisdom Capital
Kotak SecuritiesTrade Smart Online
Axis DirectUpstox
Motilal OswalSAS Online
Angel BrokingSAMCO
Nirmal BangProstocks
Aditya BirlaFyers

In the table given below, we are comparing the Top 10 Discount Brokers in India on the basis of following aspects:

Compare Top 10 Discount Stock Brokers In India And Find Best Discount Broker In India

List of Discount Brokerstrading Account Opening Chargesdemat Maintenance ChargesBrokerage in NSE all SegmentsNifty Future Breakeven PointBrokerage in MCX/ncdexCrudeoil Breakeven pointIntraday Leverage/Exposures in MISHighest Delivery Leverage Margin(CNC)Nifty Margin in MISNifty Limit in COGold Mini Margin in MISGold Mini Margin in COYour Annual Savings (Rs.)
Wisdom CapitalFreeLifetime Free0.00%1.840.00%0.5Upto 200 timesUpto 5 times for CNC7,37037001850147453975
ZerodhaRs 200Rs 300Rs 20/trade or 0.01% whichever is lower2.15Rs 20/trade or 0.01% whichever is lower1.07Upto 20 times0 for CNC24008901573774,16843195
RKSVRs 200Rs 150 per yearRs 20/trade or 0.01% whichever is lower2.56Rs 20/trade or 0.01% whichever is lower1.07Upto 20 times1X for CNC1000510065118044,35043195
SAMCOZeroRs 400/yearRs 20/trade or 0.01% whichever is lower2.56Rs 20/trade or 0.01% whichever is lower1.71Upto 15 times for3X for CNC2388193907345490040195
SAS OnlineRs 300Rs. 200Rs 9/trade2.86Rs 9/trade0.9Upto 20 times3X for CNC300101004511705420046950
Trade Smart onlineRs 200Rs. 300Rs 15/executed order3.84Rs 15/executed order1.03Upto 5 times3X for CNC240002997480002362.9445980
5PaisaRs. 650(1 time)Rs. 400/yearRs 10 /executed order2.19Trading in MCX is not available1.07Upto 15 Times2X for CNC300009350NANA46600
Trade JiniRs. 300Rs 300/yearRs 20/executed order2.13Rs 20 per executed order1.07Upto 20 Times1X for CNC30001NA7377500043150
ProstocksZeroRs. 1000Rs. 15/executed order2.62Trading in MCX is not availableNAUpto 5 times1X for CNC450009950NANA45900
FyersZeroRs. 400/yearRs 20 /executed order2.23 Trading in MCX is not availableNAUpto 15 times1X for CNC24039NANANA43950

Best Online Discount Broker in India: Important points to be considered

Selection of online discount broker or full-service share brokers or as per your need.

  • Zero Account Opening Charges
  • Lowest Brokerage Charges
  • Excellent Customer Service
  • Best Online Trading Terminal & Mobile Apps
  • Hand Holding (For Beginners)
  • FREE Tips & Reports
  • Low AMC Charges /No AMC charges

Onset requirements while choosing a perfect discount broker in India

Every individual wants to earn money for fulfilling his/her wishes and to accomplish future endeavours. Not everyone entering the stock market becomes rich and neither gets bankrupt, it is just a game where money flows from less aware people to the wise man. It is just like a market where you buy anything at a lower price and sell it at a higher price. If you are the small trader you will have to wait for the right time and opportunities to make the profit.  And, penny stock broker offering discounted rates can really works fine for you. Understanding the market will be a primary focus. The way you understand the market, it will be easy for you to make a profit and to eradicate all the major risks.

Think vigilantly while selecting any of best discount broker or top full time broker

Check if the share broker you are choosing is having the quality you want. There are numerous brokers listed in exchange and providing services in all over India. Broking is segmented as online as well as offline. Online broking is carried forward by the people who have sound knowledge of technology. Discount brokers are preferred as they provide online trading platforms as well as the reporting tool to track the trades. You do not need to meet the broker and all your work will be completed online, from account opening services to contract notes. But you will have to depend on your own strategy and trading experiences or you will have to subscribe to services. Apart from this, Offline trading is to do with traditional brokers who charge high brokerage offering you all services like 3 in 1 Demat account having all features like saving the account, Demat account and trading account. The stockbroker will provide you tips and advisory along with terminal and they can provide a separate relationship manager who will be helping you to keep growing your money.

Gathering important aspects to be compared in best discount brokers in India

Top 10 Discount Brokers in India By Lowest Brokerage Charges

If we talk about the fees charged by brokers, whether in the case of full-service brokers or discount brokers then the discount brokers will appear as the one charging lower brokerage than full-service brokers because they do not charge you according to the order value of the trade. We are giving best discount broker for beginners in India list. You can also compare the charges associated with some other brokers to get better services at a low cost. Else, search for lowest brokerage in India for online trading.

For opening a low brokerage trading account offered by top discount broker, you can go through the following points:

Check your requirement: – Just like you go shopping you need to filter your needs and have well-evaluated choices to make a decision that in what manner you will proceed your trade by using software, mobile or web application.

Choose a broker with high in demand and reputation: – Broker high in demand offers you more services than the brokers who are obsolete. Many brokers who have a number of clients justify that they have been successful in delivering services so far with fewer complaints. Check who is trending.

Be aware of miscellaneous fees: – Broker high in demand offers you more services than the brokers who are obsolete. Many brokers who have a number of clients justify that they have been successful in delivering services so far with fewer complaints. Check who is trending.

BrokerBrokerageAccount Opening ChargesDemat Maintenance ChargesRanking
Wisdom Capital0.00% in all segments, Lifetime FreeZeroRs.700 + taxes for Lifetime1
SAS Online9 per tradeRs.200Rs.200 per year2
5 Paisa10 per trade(One Time): Rs.650Rs.400 per year3
Trade Smart Online15 per tradeRs.200Rs.300 per year4
Zerodha20 per tradeRs.200Rs.300 per year5
Upstox20 per tradeRs.150Rs.150 per year6
SAMCO20 per tradeNILNIL7
ProstocksZeroFreeIf paid Rs.2500 then Free AMC Lifetime8
TradejiniRs.300FreeRs.600 (free for the first year)9

Best Online Trading Platform in India by Top 10 Stock Brokers

The company’s reputation is firmly on the line while considering its technological aspects. So before giving the nod to selected share broker, check the features of the best trading platform it is dealing with. Like it should have the best mobile app in India and also updated web and desktop versions.

Online Trading Tools: – Now you need a place where you can apply your strategies to make money. The more market exposure you have, the more convenient it will be for you to trade in the stock market.

Advanced trading platform means there should be proper charting and less execution time. Millions are counted by 1 drops. From real-time streaming quotes to the mobile app all are important. It should also possess cutting-edge & sharp technological features, top-level security, easy-to-use interface.

BrokerTrading PlatformRanking
ZerodhaDesktop –PI, Web-Kite1
Wisdom CapitalDesktop –Nest, Web-Express2
UpstoxDesktop –Nest, Web-Upstox3
5 Paisa.comDesktop –Nest, Web-HTML 54
Trade Smart OnlineWeb-NOW (By NSE) NEST
(By Omnesys Technologies)
SAMCODesktop: SAMCO NEST Trader, web: SAMCO Web Xpress6
SAS OnlineDesktop –Nest, Web-HTML 57
ICICI DirectTrading Terminal: Trade Racer,
Web: Share Trading Account
Angel BrokingDesktop –Angel SpeedPro,
Motilal OswalDesktop-Orion Lite, Web-motilaloswal10

Best Mobile App in India by Top 10 Online Brokers in India

Best Discount Broker in IndiaTo steer a vehicle in the direction of your trade, you need something extraordinary, so the brokers competing in the market brought a platform which will make your trade quite convenient. This has emerged in the form of Best Mobile Trading App in India, many brokers are providing such an app, but the one, which is fastest and easily accessible will be in trend. This mobile trade app gives you the rhythm to check out trade-related updates on the go. The most valued quality of this app is that it makes your trade efficient. The rating for different stock brokers in terms of the mobile app is given below:

BrokerMobile Trading AppRanking
UpstoxUpstox Pro mobile app2
Wisdom CapitalTrade Eye3
5 Paisa.com5Paisa Trading & Robo Advisory4
SAS OnlineAlpha Mobile5
Trade Smart OnlineSINE7
Motilal OswalMOSLAPP8
ICICI Direct ICICI direct Mobile9
Angel BrokingAngel Swift (tablets/smartphones/mobiles)Angel Lite (mobile/tablet)10

High  Exposure Discount Stock Broker in India

Best Discount Broker in IndiaWhen rollover of fees and dividends needs to be carried out, the risk level has to be foreseen. Traders at the onset stage start their trading at a low margin to have the glimpse of risk management to cut losses. But on the other hand, veterans in the market prefer high margin to magnify their profit. So sometimes leverage acts as a double-edged sword as high margin increases the chances of activating stop loss. So in order to have the idea of High Exposure Brokers in India, you can go through the chart given below where rating regarding the top 10 brokers is shown individually.

BrokerLeverage DisplayRanking
Wisdom CapitalNSE: 60 times in equity,F&O: 10 times, MCX: 10 times.1
ICICI DirectNSE: 40 times in equity,F&O: 10 times, MCX: 10 times.2
Trade Smart OnlineNSE: 40 times in equity,F&O: 10 times, MCX: 10 times.3
UpstoxNSE: 20 times in equity,F&O: 2 times, MCX: 2 times.4
SAS OnlineNSE: 20 times in equity,F&O: 5 times, MCX: 5 times.5
ZerodhaNSE: 20 times in equity,F&O: 2.5 times, MCX: 2.5 times.6
SAMCONSE: times in equity,F&O: times, MCX: 10 times.7
5 PaisaNSE: times in equity,F&O: 2 times, MCX: 10 times.8
Motilal OswalNSE: times in equity,F&O: times, MCX: 10 times.9
Angel BrokingNSE: 40 times in equity,F&O: times, MCX:  times.10

Best Brokers in India as per Customer Support Services

customer support

Are you spending your own cost to communicate to customer care or you have got a toll free number. When you call customer care it means you seek help. Now there is a point how good you are being served there, if you are not being served properly means you are not going to get a good experience.

Stockbrokers in India are updated with the latest stock market news and fluctuations to make their clients aware of such things and to have the best return value. So they have the cooperative customer support team that usher its clients in the context of any trade-related query. They must deal as a tech-savvy to ensure trust among customers.

The interactions with old clients are also taken into consideration time to time by this support team to notify them with best trade deals. The team also maintains client base on its portfolio to ensure proper account management. The table given below shows how much effective such stock brokers are, in terms of customer support services.

Broker Phone SupportToll-Free No.Live Chat AgentTicket systemRelationship ManagerRanking
Wisdom CapitalBest Stock BrokerBest Stock BrokersBest Stock Broker IndiaBest Stock Brokers IndiaBest Stock Broker in India1
Trade Smart OnlineBest Stock Brokers in IndiaTop 10 stock BrokersTop 10 stock Brokers IndiaTop 10 stock Brokers in IndiaBest Discount Stock Broker2
ICICI DirectBest Discount Stock BrokersBest Discount Stock Broker IndiaBest Discount Stock Broker in IndiaTop Brokerage FirmsBest Brokerage Firms3
SAS Onlinediscount stock brokersbest discount brokerdiscount brokers in indiabest online share broker in indiabest online trading account4
Zerodhabest online trading account indiabest share brokerbest stock broker in indiabest trading accounttop 10 discount brokers in india5
Motilal Oswaltop brokerage firmstop discount brokerstop share broker in indiabest online broker in indiabest demat account in India6
UpstoxTop 10 stock brokers in Indiatop 10 stock broker in indiatop 10 stock brokers in indiatop 10 stock brokertop 10 stock brokers7
Angel Brokingtop 10 share broker in indiatop 10 share brokers in indiatop 10 share brokertop 10 share brokersBest stock broker in india8
5 Paisa.comBest stock brokers in indiaBest stock brokerBest stock brokersBest share broker in indiaBest share brokers in india9
SAMCOBest share brokerBest share brokerBest share brokerstop 10 online stock brokertop 10 online stock brokers10

Best Discount Stock Brokering firms: Availability of Exchanges

There are many active stockbrokers in the era of trade and technology. So to select the top discount broker in India, you need to know various essentials associated with such brokers. To propel in the direction of fruitful trading you need to choose best trading account. Availability of stock exchanges like BSE, NSE, MCX, NCDEX and few others make it clear that you can count on these brokers as they have the membership of popular exchanges. The name trending as the top 10 discount broker in India 2018-19 is Wisdom Capital.  The broker allows trading across various market segments like equities, F&O, commodity, Mutual Funds, IPO etc. BSE which is extended as Bombay Stock Exchange is the pioneer among all exchanges in India and it is active since 1875.

Best Indian Share Brokers by Reputation

For any online discount broker or full time broker, it takes some time to get in the groove. It is difficult to make the flawless design at the beginning, which affects their reputation. So to gain the trust and to become a dependable brand, they are working hard. Lowest brokerage charges or other technological aspects like finest trading platforms, high leverage or exposure and best mobile app, Wisdom Capital has proved its solid existence in all such measures in the matter of few years only. The other brokers can compare key traits of the broker to revive in the industry.

 Best Demat Account in India

What is Demat Account?

Best Discount Broker in India

In simple words, Demat account is the account where shares and securities are held electronically. When you buy shares with your trading account then they would be stored in your Demat account. After that, If you want to sell, they would be taken back from your Demat account to the trading account and sold in open stock markets at BSE or NSE or any other stock exchanges. 

If you want to kick-start your trading, you apparently need to know about some renowned Demat Account providers. We have mentioned some of the best Discount brokers in India to let you turn to the best one. With this, you may select the Best Demat Account in India while exploring the List of  Top 10 Demat Account providers.

Wisdom Capital1
Trade Smart Online2
SAS Online4
5 Paisa5

Best Discount Brokerage firms in India: Conclusion 

Trade Commissions: Low trade commissions/Brokerages are biggest advantages to exit your positions. It will bring your break-even point to the lower value, that will help you to make easy profits. Best discount brokers often offer low brokerage charges. Besides this, if you make more trades there will be more chances to make profits in an Indian stock market. A number of trades increase the probability of making profits.The biggest expenditure you are making is your brokerage.

Explore List of Discount Brokers in India:- Brokers providing free brokerage or 0.00% brokerage in all segments like Wisdom Capital, are more suitable for investors and traders and rank above like Zerodha (free only equity delivery ), Rksv (free only equity delivery ) and many other brokers.

Other Fees: – Things like service taxes, security transaction charges, transaction charges, stamp duty should be kept in mind as these charges vary broker to broker. Trades you make happen in lakhs and some percentage may be hard to pay sometimes. Also if you keep on counting such things it will be disappointing at some level.

Market Research: – If you are getting market research from your broker, it doesn’t mean he is guiding you a lot. It means he is expecting you to trade more over the exchange. But if you are getting updates, it means you are updated, simply watch them properly to have better trade experience.

Investment options: – A full fledge broker allows you to, not only trade in stocks, but also a strong selection of no-load mutual funds, ETFs, IPO, and complex options. Many brokers offer commission-free ETFs as well. Other unique investment offerings to look for, could include direct market routing, conditional orders, futures options trading and forex trading. A mutual fund is also the safe investment.

The state of the broker is marked by its capability to deal in various aspects like flexibility, technology, and different financial segments. As we know, there is an extensive range of the stock brokers in the country. So, we have covered the adequate measures that should be considered while selecting the best discount  broker in India. We hope that the broker’s comparison done on the basis of different attributes may help you get what you are actually looking for. Explore smartly to rise as an astute trader and enjoy intelligent trading ahead.