Brokerage Comparison

Compare brokerage charges among top brokers in India and choose the best broker in India as per your requirement. Find out the detailed comparison of brokerage charges to open account from the best and cheapest stock broker in India!


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Brokerage Comparison

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Free Account Opening

Open Free trading+demat account from top brokers in India


  •  Emerging Discount Brokerage
  •  No Account opening Fees
  •  Zero Brokerage (Delivery)
  •  Good Tech Platform
  •  Daily Market Insights
  •  No Margin funding

  •  Cheapest Full Service Broker
  •  No account openning Fees
  •  Zero Brokerage (Delivery)
  •  1st year free AMC
  •  Research & Margin available
  •  No 3-in-1 account

  •  India's largest broker
  •  Fast & Efficient Tech platform
  •  Zero Brokerage (Delivery)
  •  A/C opening charge Rs.200
  •  No research/advisory
  •  No Margin funding

Brokerage Comparison

Kindly note that the charges mentiones here are indicative and subject to change based on the sole discretion of the brokerage company. 

Name A/C opening charge AMC charge Delivery Brokerage Intraday, F&O Brokerage Open Account
Zerodha Rs.200 Rs.300/year ZERO Rs.20 or 0.03% per trade (whichever is less) Quick Link
UpStox Free Rs.25/month ZERO Rs.20 or 0.05% per trade (whichever is less) Quick Link
Angel Broking Free 1st year Free. 2nd yr onwards Rs 450  ZERO Rs.20 or 0.25% per trade(whichever is less) Quick Link
Motilal Oswal Free Free/Rs.400 0.50% on transaction value 0.05% on transaction value Quick Link
5 Paisa Free Rs.45/month while you trade Rs.20 per trade Rs.20 per trade Quick Link
Sharekhan Rs.750 1st year Free. 2nd yr onwards Rs 400  0.5% 0.1% Quick Link
Groww Free ZERO Rs.20 or 0.05% per trade (whichever is lower) Rs.20 or 0.05% per trade (whichever is lower) Quick Link
PayTM Money Rs.200 ZERO ZERO Minimum of 0.05% or ₹10 (intraday) and a minimum of 0.02% of turnover or ₹10 per executed order for F&O Quick Link
ICICI Direct Rs.975/Free Rs.500/year Multiple Plans Multiple Plans Quick Link
HDFC Securities Rs.999/Free 1st year Free. 2nd yr onwards Rs 750  0.50% or minimum Rs.25 or ceiling of 2.5% on transaction value 0.10% or minimum Rs.25 or ceiling of 2.5% on transaction value Quick Link
SBI Securities Rs.850 Rs.500/year 0.50% or 5 Paisa per share (whichever is high) 0.15% of 5 Paise per share (whichever is high) Quick Link
Kotak Securities Rs.499/Free Rs.600/year 0.25% Zero on Intraday, Rs.20 on F&O Quick Link
Fyers Free ZERO ZERO Rs. 20 per trade or 0.03% per trade (whichever is less) Quick Link

Frequently Asked Questions

  • Which are the good stock brokers in India?

    One whose brokerage charges are low and has an advanced but easy to use trading platform can be considered a good broker in India.

    Overall, Zerodha, Upstox & Angel Broking are the top 3 stock brokerage company in India.

  • What are the documents required for opening a demat account?

    The following documents are required for opening a demat account -

    - PAN card.

    - Aadhar Card.

    - Cancelled Cheque or Bank statement.

    - A scanned copy of your signatures.

    - Income Proof (needed only if you want to trade in F&Os, Currency or Commodities).

    Make sure that your mobile number is linked with Aadhar Card as it will be used for verification purpose; if it is not linked then you can get it linked from the nearest Aadhaar Seva Kendra. The number linked with Aadhar Card can be different than what you want to register with your broker, so even if some other number is linked with Aadhar Card, then also it will work.  

  • What are the chances of brokers going bust?

    Brokers are regulated by SEBI through their strict guidelines. Even if a broker goes bankrupt, the shares of an investor will be 100% safe because brokers don't hold the shares, shares are anyways held by depositories like CDSL or NSDL which an investor can trade later from another brokerage firm.