Top 5 Discount Brokers offering Lowest Brokerage Charges in India

Top 5 Discount Brokers offering Lowest Brokerage Charges in India

Top 5 Discount Brokers are ranked based on the brokerage charged (intraday and delivery), call & trade charges, fund transfer charges, account opening and annual maintenance charges.

Main factor considered while ranking Top 5 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 5Paisa
3 Upstox
4 Zerodha
5 Tradejini

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

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

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




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