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Comparison of discount share brokers in India-2022

Discount Brokers provide less number of services but at a much cheaper price. They offer no-frill services and specialized into few investment options. Discount brokers are good for 'do-it-yourself' kind of investors. While the services offered by them varies from broker to broker, many of the discount stock brokers do not provide services like stock research, investment in IPO's, mutual funds, FD's, bonds and NCD's. They generally do not have their own research teams and thus do not provide wealth management related services. There are two sub-categories of discount brokers in India by the way they charge the brokerage - brokers charging a fixed price per trade and brokers charging fixed monthly fees for unlimited Trades. Below is the list of top discount brokers in India:

Broker Name Account Features Ratings Review
Zerodha Review

Zerodha

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.0 Fees 4.5 Brokerage 3.7 Usability 3.8 Customer Service Rated 3.9 stars Overall Rated By 159 Traders Rate Review

Brokerage Plan
ProStocks Review

ProStocks

Rs 15

per executed order

Equity Trading  Yes Mutual Fund   No Commodity  No Currency   Yes IPO   No Bonds   No Debt Fund  No 4.3 Fees 4.7 Brokerage 4.3 Usability 3.7 Customer Service Rated 4.3 stars Overall Rated By 3 Traders Rate Review

Brokerage Plan
Upstox Review

Upstox

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 3.5 Fees 3.8 Brokerage 3.7 Usability 3.5 Customer Service Rated 3.7 stars Overall Rated By 12 Traders Rate Review

Brokerage Plan
Fyers Review

Fyers

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   No Debt Fund  No 3.4 Fees 3.7 Brokerage 3.8 Usability 3.4 Customer Service Rated 3.3 stars Overall Rated By 9 Traders Rate Review

Brokerage Plan
Alice Blue Review

Alice Blue

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   No Bonds   No Debt Fund  No 2.6 Fees 3.4 Brokerage 2.4 Usability 2.6 Customer Service Rated 2.1 stars Overall Rated By 8 Traders Rate Review

Brokerage Plan
TradePlusOnline Review

TradePlusOnline

Max Rs 9

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  Yes Currency   Yes IPO   Yes Bonds   Yes Debt Fund   Yes 4.3 Fees 4.8 Brokerage 3.9 Usability 3.9 Customer Service Rated 4.1 stars Overall Rated By 27 Traders Rate Review

Brokerage Plan
Groww Review

Groww

Rs 20

per executed order

Equity Trading  Yes Mutual Fund   Yes Commodity  No Currency   No IPO   Yes Bonds   No Debt Fund  No 4.3 Fees 4.0 Brokerage 4.3 Usability 3.5 Customer Service Rated 4.5 stars Overall Rated By 6 Traders Rate Review

Brokerage Plan

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