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Top Picks For Best Demat & Trading Account in India

ZerodhaNo 1 STOCKBROKER IN INDIA
Zerodha
Free equity investments | Flat ₹20 intraday and F&O trades		TB Rating
★★★★★		APPLY NOW
angel brokingGET FREE DEMAT ACCOUNT
Angel Broking
0 Brokerage on Equity Delivery | Rs 20 per order for Intraday‎		TB Rating
★★★★★		APPLY NOW
5paisaGET FREE DEMAT ACCOUNT
5Paisa
Fix brokerage of Rs. 20 per trade		TB Rating
★★★★		APPLY NOW

Compare Top Stockbrokers in India - 2020

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 200Rs 300Quick Link
45PaisaRs 20 per tradeRs 20 per tradeFREE (Rs 650 Waived)Rs 45 per month (only for months when you trade)Quick Link
3Angel BrokingRs 0Rs 20 per tradeFREE (Waived)Rs 450 (Second year onwards)Quick Link
4UpstoxRs 0Rs 20 per executed trade or 0.01 whichever lower (Basic Plan)Rs 300Rs 150Quick Link
5Trade SmartRs 15 per trade (Power plan) or 0.07% (value plan)Rs 15 Per trade (Power plan) or 0.007% (Value Plan)FREE (Rs 400 Waived)Rs 300 (Second year onward)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)FREE (Rs 1,000 Waived)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
13SAMCO0.20% or ₹20 per trade whichever is lower0.02% or ₹20 per trade whichever is lowerFREE (Waived)Rs 400 (Demat Ac)Quick Link
14Wisdom CapitalZERO (Freedom Plan), 0.005% of the transaction (Pro Plan)ZERO (Freedom Plan), 0.005% of the transaction (Pro Plan)FREE (Waived)Lifetime Rs 999Quick Link
15Tradejini0.10% or ₹20 per trade whichever is lower0.01% or ₹20 per trade whichever is lowerRs 300 (Trading), Rs 300 (Commodity)Rs 300 (Demat AMC)Quick Link
16FyersRs 0Flat ₹20 per executed orderFREE (Waived)Rs 0 (Demat AMC Waived)Quick Link
Discount Broker
Zerodha
Largest discount broker in India, +1.5 million clients, +15% 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 200
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 research report or advisory
Quick Link
Discount Broker
5 paisa
5Paisa
The part of IIFL (India Infoline), low brokerage stockbroker
Delivery charges: Rs 20 per trade
Intraday Charges: Rs 20 per trade
Account opening charge: FREE (Rs 650 Waived)
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, Paperless account opening, Can invest in stocks, mf & insurance from same account, lower maintenance charges
Cons: No 3-in-1 account, Higher exchange transaction charges
Quick Link
Full-Service Broker
Angel
A big brand having +30 Years in broking world with +1 million customers and presence in over 1800+ cities in India
Delivery charges: Rs 0
Intraday Charges: Flat ₹20 Per Trade
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 iTrade, Angel Booking App, Angel Speed Pro, Angel Bee
Pros: Cheapest full-service brokers, Flat brokerage charges, Upto 48x leverage, Research Reports & Market recommendation, Fast account opening process
Cons: No 3-in-1 account, Call & Trade are charged extra
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
Discount Broker
trade smart online logo
TS
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: FREE (Rs 400 Waived)
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
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: FREE (Rs 1,000 Waived)
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 02/01/2020 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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