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  3. Discount Brokers

Discount Brokers

Groww (3.1) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

Free

Equity Delivery Brokerage

0.1%

Equity Intraday Brokerage

0.1%

Zerodha (3.8) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 300

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

Upstox (3.4) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

Free

Equity Delivery Brokerage

2.5%

Equity Intraday Brokerage

0.05%

Paytm Money (3.4) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

Free

Equity Delivery Brokerage

₹20

Equity Intraday Brokerage

0.05%

5paisa (3) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 300

Equity Delivery Brokerage

₹ 10

Equity Intraday Brokerage

₹ 10

Dhan (3.7) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

Free

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

FYERS (3.4) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

Free

Equity Delivery Brokerage

₹0

Equity Intraday Brokerage

0.03%

m.Stock (3.6) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹480

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.30%

Alice Blue (2.6) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 400

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.01%

Espresso Sharekhan (2.9) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 400

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

Shoonya (3.8) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Zero

Account Maintenance Charge

Zero

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

Zero

Samco (2.8) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 400

Equity Delivery Brokerage

0.5%

Equity Intraday Brokerage

0.05%

Bajaj Finserv (2.9) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

₹ 431

Account Maintenance Charge

Free

Equity Delivery Brokerage

0.10%

Equity Intraday Brokerage

₹ 17

TradeSmart Online (2.8) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

Free

Account Maintenance Charge

₹ 300

Equity Delivery Brokerage

0.07%

Equity Intraday Brokerage

0.007%

Stoxkart (2.9) Full Details

Discount Broker
Equity
Commodity
Currency
Futures
Options

Account Opening Charge

₹ 500

Account Maintenance Charge

₹ 300

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

₹ 15
Frequently Asked Questions

A discount broker offers a low-cost platform for buying and selling investments like stocks, options, and ETFs. They focus on online execution and offer limited or no investment advice.

  • Active investors who are comfortable with research and making their own investment decisions.
  • Cost-conscious investors who want to maximize their returns.
  • Beginners who are willing to learn and do their own research.

Some discount brokers offer basic research tools and educational resources, but they are typically not as comprehensive as what full-service brokers offer.

Yes, reputable discount brokers are regulated by financial authorities and take measures to protect your personal and financial information.

Full-service brokers offer more personalized advice and research resources, but they charge higher fees.