Top Discount Brokers in India for Low Brokerage Trading in Stocks and Derivatives

Brokers

Several good brokers in India offer low brokerage charges for trading in stocks and derivatives.

Discount Brokers:

Zerodha: With over 1 crore clients and a 15% market share, Zerodha is the largest and most popular discount broker in India. They offer free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They have a user-friendly platform and mobile app, making them a good choice for beginners and experienced traders.

5paisa: Another popular discount broker, 5paisa offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They also offer free mutual fund investments and access to research reports. Their mobile app is highly rated and offers advanced features for charting and analysis.

Upstox: Known for its simple and user-friendly interface, Upstox offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They also provide educational resources and webinars to help traders get started.

Samco: Offering a flat ₹20 per executed order across all segments, Samco is another good option for low-cost trading. They have a robust trading platform with advanced features and also offer algorithmic trading options.

Angel One: Another established discount broker, Angel One offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They have a strong research team and provide personalized recommendations.

Full-Service Brokers:

ICICI Direct: One of the largest full-service brokers in India, ICICI Direct offers a comprehensive range of services, including research reports, investment advice, and portfolio management. They charge a fixed fee or a percentage of the trade value, depending on the plan chosen.

Kotak Securities: Another popular full-service broker, Kotak Securities offers a wealth management platform with access to various investment products. They charge a brokerage fee based on the trade value and provide personalized investment advice.

HDFC Securities: Known for its strong research and investment recommendations, HDFC Securities offers a range of services, including portfolio management and margin trading. They charge a fixed fee or a percentage of the trade value, depending on the chosen plan.

Additional factors to consider:

Trading platform: Choose a broker with a user-friendly and stable trading platform that provides the features you need.

Research and support: If you are a new trader, look for a broker that offers good research reports and educational resources.

Customer service: Choose a broker with responsive and helpful customer service.

Account opening and maintenance fees: Compare the account opening and maintenance fees charged by different brokers.

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