Top 10 Stock Brokers offering Low Brokerage Charges in India

Top 10 Stock Brokers offering Low Brokerage Charges in India

Top 10 Brokers are ranked based on brokerage charged (intraday and delivery), call & trade charges, fund transfer charges, account opening and annual maintenance charges.

Main factor considered while ranking Top 10 Brokers:

  • Brokerage charged

Along with brokerage charges we will give you an insight on:

  • Trading Account Opening Charges
  • Demat Account Opening Charges
  • Trading Annual Maintenance Charges
  • Demat Annual Maintenance Charges and
  • Commodity Annual Maintenance Charges

Scroll down to know brief information about them :

Rank Broker Name
1 Wisdom Capital
2 SAS Online
3 5Paisa
4 My Value Trade
5 Upstox
6 Zerodha
7 Tradejini
8 Edelweiss
9 Axis Direct
10 Angel Broking

Wisdom Capital is a discount broker established in 2013, headquartered in Bangalore. They are depository participant of NSDL & CDSL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
CHARGES AMOUNT
Account opening charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 999 for lifetime
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Freedom Plan - ZERO (0.00%)
OR
Pro Plan- 0.005%
OR
Ultimate Plan- 0.007%
Equity Intraday Freedom Plan - ZERO (0.00%)
OR
Pro Plan- 0.005%
OR
Ultimate Plan- 0.007%
Equity Futures Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- 0.005%
Currency Futures Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- 0.005%
Commodity Futures Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- 0.005%
Equity Options Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- ₹ 15/Lot
Currency Options Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- ₹ 15/Lot
Commodity Options Freedom Plan- ZERO (0.00%)
OR
Pro Plan- ₹ 9/Trade
OR
Ultimate Plan- ₹ 15/Lot

SAS Online is a discount broker established in 2012, headquartered in New Delhi. They are depository participant of NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 200
Demat account Rs. 200
Commodity account Rs. 200
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 200
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 9 or 0.1% on turnover (whichever is lower) per order
OR
Monthly Brokerage Plan - of Rs. 999 per month
Equity Intraday Rs. 9 or 0.01% on turnover (whichever is lower) per order
OR
Monthly Brokerage Plan - Rs. 999 per month
Equity Futures Per Trade Brokerage Plan - Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 999 per month
Currency Futures Per Trade Brokerage Plan - Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 499 per month
Commodity Futures Per Trade Brokerage Plan - Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 999 per month
Equity Options Per Trade Brokerage Plan - Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 999 per month
Currency Options Per Trade Brokerage Plan - Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 499 per
Commodity Options Per Trade Brokerage Plan-Rs. 9 per order
OR
Monthly Brokerage Plan - Rs. 999 per month

5Paisa is a discount broker established in 2016 , headquartered in Mumbai. They are depository participants of NSDL & CDSL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 650 for Trading account + Rs. 250 for Mutual Fund
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 400
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 10 Per order
Equity Intraday Rs. 10 Per order
Equity Futures Rs. 10 Per order
Currency Futures Rs. 10 Per order
Commodity Futures Rs. 10 Per order
Equity Options Rs. 10 Per order
Currency Options Rs. 10 Per order
Commodity Options Rs. 10 Per order

My Value Trade is a discount broker established in 1985, headquartered in Ludhiana (Punjab). They are depository participant of NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 400 from the second year
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 10 Per order
Equity Intraday Rs. 10 Per order
Equity Futures Rs. 10 Per order
Currency Futures Rs. 10 Per order
Commodity Futures Rs. 10 Per order
Equity Options Rs. 10 Per order
Currency Options Rs. 10 Per order
Commodity Options Rs. 10 Per order

Upstox is a discount broker established in 2012, headquartered in Mumbai. They are depository participant of CDSL & NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 150
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 0
Equity Intraday Basic Rs. 20 or 0.01% on turnover (whichever is lower) per order
OR
Priority Rs. 30 or 0.05% on turnover (whichever is lower) per order
Equity Futures Basic Rs. 20 or 0.01% on turnover (whichever is lower) per order
OR
Priority Rs. 30 or 0.05% on turnover (whichever is lower) per order
Currency Futures Basic Rs. 20 or 0.01% on turnover (whichever is lower) per order
OR
Priority Rs. 30 or 0.05% on turnover (whichever is lower) per order
Commodity Futures Basic Rs. 20 or 0.01% on turnover (whichever is lower) per order
OR
Priority Rs. 30 or 0.05% on turnover (whichever is lower) per order
Equity Options Basic Rs. 20 per order
OR
Priority Rs. 30 per order
Currency Options Basic Rs. 20 per order
OR
Priority Rs. 30 per order
Commodity Options Basic Rs. 20 per order
OR
Priority Rs. 30 per order

Zerodha is a discount broker established in 2010, headquartered in Bangalore. They are depository participant of CDSL and offer products like :

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 300
Demat account Rs. 0
Commodity account Rs. 200
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 300
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 0
Equity Intraday Rs. 20 or 0.01% on turnover (whichever is lower) per order
Equity Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Currency Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Commodity Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Equity Options Rs. 20 per order
Currency Options Rs. 20 per order
Commodity Options Rs. 20 per order

Tradejini is a discount broker established in 2012, headquartered in Bangalore. They are depository participant of CDSL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 300
Demat account Rs. 0
Commodity account Rs. 300
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 300
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 20 or 0.1% on turnover (whichever is lower) per order
Equity Intraday Rs. 20 or 0.01% on turnover (whichever is lower) per order
Equity Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Currency Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Commodity Futures Rs. 20 or 0.01% on turnover (whichever is lower) per order
Equity Options Rs. 20 per order
Currency Options Rs. 20 per order
Commodity Options Rs. 20 per order

Axis Direct is a full-service broker established in 2011 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
CHARGES AMOUNT
Account opening charges
Trading account Rs. 999
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 499
Demat account Rs. 0
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 20 per order
Equity Intraday Rs. 20 per order
Equity Futures Rs. 20 per order
Currency Futures Rs. 20 per order
Commodity Futures Rs. 20 per order
Equity Options Rs. 20 per order
Currency Options Rs. 20 per order
Commodity Options Rs. 20 per order

Edelweiss is a full-service broker established in 1995 headquartered in Mumbai, they are depository participant of CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Brokerage Charges
Equity Delivery 1% on turnover
Equity Intraday 1% on turnover
Equity Futures Rs. 5 per lot
Currency Futures Rs. 5 per lot
Commodity Futures 0.04% on turnover
Equity Options Rs. 5 per lot
Currency Options Rs. 5 per lot
Commodity Options 0.03% on turnover

Angel Broking is a full-service broker established in 1987 headquartered in Mumbai, they are depository participant of NSDL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
CHARGES AMOUNT
Account opening charges
Trading account Rs. 0
Demat account Rs. 0
Commodity account Rs. 0
Annual Maintenance Charges
Trading account After first Rs. 531
Demat account After first Rs. 531
Commodity account Rs. 0
Brokerage Charges
Equity Delivery Rs. 15 - Rs. 30 per order
Equity Intraday Rs. 15 - Rs. 30 per order
Equity Futures Rs. 15 - Rs. 30 per order
Currency Futures Rs. 15 - Rs. 30 per order
Commodity Futures Rs. 15 - Rs. 30 per order
Equity Options Rs. 15 - Rs. 30 per order
Currency Options Rs. 15 - Rs. 30 per order
Commodity Options Rs. 15 - Rs. 30 per order




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