BROKER REVIEWS

List of 21 + Stock Brokers in India 2021
5 PaisaAditya Birla MoneyAlmondz Global Securities
Amrapali Capital & FinanceAshika Stock BrokingArihant Fincap Ltd
Angel BrokingAxis DirectBOB Capital Markets
Canara Bank SecuritiesEdelweiss Fyers
Geojit Financial Services LtdHDFC SecuritiesIDBI Direct
ICICI DirectIIFL SecuritiesIndiabulls Ventures Subh
Kotak SecuritiesLKP SecuritiesMotilal Oswal
Nirmal Bang SecuritiesReligare SecuritiesSharekhan 
SAS OnlineStockholding (SHCIL) Services LtdSMC Global Securities
SAMCO SecuritiesSBICaps SecuritiesUpstox
Ventura SecuritiesWisdom CapitalZen Securities
Zerodha

5PAISA CAPITAL

5Paisa is a top stock broker that charges the lowest brokerage of flat Rs. 10 per order under the Power Investor & Ultra Trader pack. But you need to pay up to Rs. 20 per order for stock delivery trades.

You get a common account for stock trading, mutual funds and insurance investment.

5paisa mobile app is the best mobile trading app till now in India. The app is really easy to use and provide great experience.

If you are looking for the cheapest brokerage charges and having a requirement for the mobile trading app then you should go with 5Paisa.

5Paisa offers two addon packs with lower brokerage charges

TransactionWithout Addon PackWith Power Investor PackWith Ultra Trader Pack
Stock DeliveryRs. 20 per orderRs. 10 per orderRs. 10 per order
Stock Intraday TradingRs. 20 per orderRs. 10 per orderRs. 10 per order
Stock F&ORs. 20 per order/lotRs. 10 per order/lotRs. 10 per order/lot
Commodity F&ORs. 20 per order/lotRs. 10 per order/lotRs. 10 per order/lot
Currency F&O TradesRs. 20 per order/lotRs. 10 per order/lotRs. 10 per order/lot

Under the Ultra Trader pack, the first 100 trades are free every month after which you need to pay Rs. 10 per executed order.

5Paisa Account Opening & AMC Charges.

The Demat and Trading account opening is free. The account maintenance charges are up to Rs. 25 per month.



UPSTOX

Upstox is the fastest growing discount broker in India. Upstox is the best choice for high volume traders looking for high margins (up to 15X), low brokerages, and decent trading platforms.

You only pay brokerage of Rs. 20 to do an intraday, F&O, currencies, and commodities trading irrespective of the trade volume. The stock delivery is free.

  • Free brokerage credit of Rs 1000
  • Fix brokerage of Rs 20/trade
  • Zero brokerage on stock deliver 
  • Advance trading platforms with charts & tools 

There are two trading plans – namely the Basic plan and the Priority plan. 

Trading TypeBrokerage Charges for
Basic Plan
Equity DeliveryRs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.05%
Futures (Equity, Currency & Commodity)Lower of Rs. 20 per executed order or 0.05%
Options (Equity, Currency & Commodity)Rs. 20 per executed order 

Upstox Account Opening & AMC Charges 

  • Demat & Trading account opening – Rs 299
  • Account maintenance charges – Rs 25/month

Upstox Pro web helps you to perform in-depth stock and market analysis with advanced features like API integration, algo trading, powerful charts and 100+ technical indicators. 

Additionally, the one-click trade helps you buy & sell quickly. Just preset your order preference to quickly get in and out of the trade. 

NEST trader is a partnered trading desktop software that helps you monitor markets, place orders, and buy & sell shares in real-time.

You can install the application on a desktop or a laptop.

Features

  • Multi-monitor view
  • Customizable interface
  • Advanced charting
  • Low latency 

Upstox is best for traders and investors because of the flat brokerage of Rs. 20 and decent trading platforms.