The discount brokers set a new trend the low-cost brokerage in India. A discount broker is a good option for those who don’t need research-based trading advice. People can save lots of money with a flat brokerage fee on trading and free delivery.
Zerodha Account Review
Zerodha is listed as the top discount brokerage company in India. Zerodha charges Rs. 20 per order or 0.03% (whichever is lower). Zerodha offers you a facility to invest in mutual funds directly without paying any commission.
Annual charges
Annual maintenance charges – Rs. 300 per year
Account opening charges – Equity – Rs. 200 and commodities – Rs. 100.
Upstox Account Review
Upstox is another famous in the discount brokers domain. The person can get cheap brokerage in different plans, designed specifically to meet the trading needs.
Annual charges
Annual maintenance charges – Rs. 300
Account opening charges – Rs 300
5paisa Account Review
5paisa is started by big Indian financial company IIFL to offers discount brokerage. 5paisa charge the lowest brokerage of Rs 10 per trade. 5paisa mobile app is the best mobile trading app in India.
Annual charges
Annual maintenance charges (Individual) – Rs. 45/month.
Annual maintenance charges (non-Individual) – Rs. 400 per year
Account opening charges – Rs. 650
Wisdom Capital Demat Account Review
Enjoy free trading on all asset classes like equity, commodities, and F&O with Wisdom Capital freedom plan. The person will get one of the highest margin facilities of up to 60x.
Annual charges
Account opening and annual maintenance charges – 0.
Demat maintenance charges – Rs. 999.
Samco Securities Account Review
Samco is another growing discount brokerage platform in India that offers flat fee brokerage at a low cost. Samco has launched a plan to allow margin funding at 100% of your collateral.
Annual charges
Samco Account opening charges – FREE
Annual maintenance charges – Rs. 400 (Individual) and Rs. 800 (non-individual).
Tradingbells Account Review
Trading bells is well-known for its multiple plans offering low brokerage, high margin leverage, and personalized full-service facility.
Annual charges
Account opening charges – Rs. 750 (Equity + Commodity)
Annual maintenance charges – NIL
Trade Plus Account Review
Trade Plus is the brokerage space but it is not very popular. Tradeplus charges the lowest brokerage charge of Rs 9 per order.
Annual charges
Account opening charges – Rs. 200
Annual maintenance charges – Rs. 200 per year
Lifetime AMC (5 Yrs) – Rs. 500
Lifetime AMC (10 Yrs) – Rs. 900
Trade Smart Online Account Review
Trade smart online is the cheapest discount broker in India. But if anyone wants to trades with high volume then they have to pay high brokerage charges.
Annual charges
Account opening charges – Rs. 400
Annual maintenance charges – Rs. 300
SAS Online Account Review
SAS Online is one of the lowest rate brokers in India. They charge Rs. 9 per trade. Moreover from stocks, people can invest in mutual funds.
Annual charges
Annual maintenance charges – Rs. 200.
Tradejini Account Review
Through Tradejini person can enjoy both high leverage and discounted trades.
Annual charges
Annual maintenance charges- Rs. 300.
Account opening charges – Free
Fyers Account Review
FYERS means Focus Your Energy & Reform The Self. Nowadays it is the biggest benefit of it is that people wouldn’t need to pay any account opening and annual maintenance fee.
Annual charges
Account opening – Zero
Annual maintenance charges – Zero
Comparison
|
|
Brokerage on Delivery |
Brokerage on Trading |
Margin Leverage |
Annual Charges |
Mutual Funds |
|
Zerodha |
0 |
Flat Rs. 20/order or 0.01% (whichever is lower.) |
Up to 12.5x leverage for intraday trading |
Rs. 300 |
Yes (Direct) |
|
UpStox |
0 |
Basic Plan – Rs. 20/order Priority plan – Rs. 30/trade (monthly charges extra). |
Up to 20x for Priority plan users. |
Rs. 300 |
Yes (Regular) |
|
5paisa |
Rs. 10/order |
Optimum Plan – Rs. 20/order |
Up to 12.5x leverage for intraday trading |
Rs. 45/month (pay only for the month you trade) |
Yes (Regular) |
|
Wisdom Capital |
0.005%-0.007% . |
Freedom Plan – Zero BrokeragePro plan – 0.005% per orderUltimate Plan – 0.007% per order |
Up to 60x for ultimate plan users. |
Rs. 999 (One time charges). |
No |
|
Samco Securities |
Flat Rs. 20 or 0.2% of executed order (whichever is lower) |
Flat Rs. 20/order or 0.01% (whichever is lower.) |
Cash plus – equity delivery margin upt 4x |
Rs. 400 |
Yes |
|
Trading Bells |
0 |
Flat Rs. 20/order or 0.01% (whichever is lower.) |
Upto 22x margin leverage. |
Rs. 750 |
Yes |