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

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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 direct investment in IPOs, No research report or advisory
Quick Link
Discount Broker
5 paisa
5Paisa
Part of IIFL (India Infoline), lowest brokerage stockbroker
Delivery charges: Rs 0
Intraday Charges: Rs 10 per trade
Account opening charge: Rs 650
Annual Maintenance Charge: Rs 45 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
Quick Link
Discount Broker
TSO
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link
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
Quick Link

 

*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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