Are you searching for the best discount broker in India to start your trading journey in 2025? With so many options promising low brokerage, fast platforms, and easy account opening, it’s easy to feel overwhelmed. Choosing the right broker is crucial for maximizing profits and ensuring a smooth trading experience. This guide, built on deep research and analysis of top competitors like Chittorgarh and TheShareBrokers, will help you confidently select the best discount broker in India for your needs. We’ll break down the latest offerings, compare charges, highlight key features, and answer your most pressing questions. Let’s find the perfect trading partner for you.
What Is a Discount Broker?
A discount broker is an online stock broker that provides trading services at a low, flat fee per order, rather than charging a percentage of the trade value. These brokers focus on technology and efficiency, offering fast, paperless account opening, intuitive trading platforms, and minimal overheads. However, they typically do not provide advisory, research, or wealth management services, which keeps their costs- and your fees- down.
Top 10 Best Discount Brokers in India 2025
Below is our expert-curated list of the best discount brokers in India for 2025. We’ve prioritized Upstox for its unbeatable combination of zero account opening fees, low charges, and advanced technology.
1. Upstox (Our Top Pick for 2025)
About Upstox
Upstox is a leading discount broker, registered with SEBI, and backed by investors like Tiger Global and Ratan Tata. It has over 1 crore customers and is known for its powerful trading platforms and transparent pricing.
Why Choose Upstox?
- Zero account opening fees – Start investing with no upfront cost.
- Lowest brokerage – Rs 20/order or 0.05% (whichever is lower) for intraday and F&O.
- Free equity delivery trades – No charges for delivery trades.
- Advanced platforms – Upstox Pro Web and Mobile offer real-time charts, fast order execution, and easy navigation.
- Quick onboarding – 100% paperless and can be completed in under 15 minutes.
- Robust security – SEBI registered, member of NSE, BSE, and MCX.
Key Features
- Account Opening Fee: ₹0
- AMC: ₹150/year
- Equity Delivery Brokerage: ₹0
- Intraday/F&O Brokerage: ₹20/order or 0.05%
- Trading Platforms: Upstox Pro Web, Mobile App
- Investment Options: Stocks, F&O, Commodities, Mutual Funds, IPOs
- Customer Support: Email, chat, and phone
2. Zerodha
About Zerodha
Zerodha is one of the most popular discount brokers in India, known for its low fees and advanced trading tools. It was founded in 2010 and has since grown to become the largest discount broker in India, with over 4 million clients.
Why Choose Zerodha?
- Flat brokerage – Rs 20/order or 0.03% (whichever is lower).
- Zero delivery charges – No brokerage on equity delivery.
- Industry-leading platforms – Kite, Coin, and Console.
- Strong educational content – Varsity and webinars.
Key Features
- Account Opening Fee: ₹200 (Equity), ₹100 (Commodity)
- AMC: ₹300/year
- Equity Delivery Brokerage: ₹0
- Intraday/F&O Brokerage: ₹20/order or 0.03%
- Platforms: Kite, Coin, Console
3. Angel One
About Angel One
Angel One is a well-established online broker in India, recognized for its comprehensive range of investment options and advanced trading tools. Founded in 1987, it has grown to become one of the largest discount brokers in India, serving over 2 million clients. Whether you’re interested in stocks, commodities, or mutual funds, Angel One offers an intuitive platform and various resources to enhance your trading experience.
Why Choose Angel One?
- Zero account opening charges
- Flat Rs 20/order for all segments
- AI-powered advisory (ARQ Prime)
- Wide branch network
Key Features
- Account Opening Fee: ₹0
- AMC: ₹240/year
- Equity Delivery Brokerage: ₹0
- Intraday/F&O Brokerage: ₹20/order
- Platforms: Angel One App, Web
4. 5paisa
About 5paisa
A tech-driven broker with a focus on affordability and ease of use.
Why Choose 5paisa?
- Flat Rs 20/order across all segments
- Free account opening
- Multiple investment options including insurance and loans
Key Features
- Account Opening Fee: ₹0
- AMC: ₹300/year
- Equity Delivery Brokerage: ₹20/order
- Intraday/F&O Brokerage: ₹20/order
- Platforms: 5paisa App, Web
5. Groww
About Groww
Originally a mutual fund platform, Groww now offers stock trading with a simple, intuitive interface.
Why Choose Groww?
- Zero account opening and AMC
- Zero delivery brokerage
- User-friendly app
Key Features
- Account Opening Fee: ₹0
- AMC: ₹0
- Equity Delivery Brokerage: ₹0
- Intraday/F&O Brokerage: ₹20/order
- Platforms: Groww App, Web
6. SAS Online
About SAS Online
Known for ultra-low brokerage and unlimited trading plans.
Why Choose SAS Online?
- Rs 9/order or unlimited trading at Rs 999/month
- Low annual charges
- Advanced NEST platform
Key Features
- Account Opening Fee: ₹200
- AMC: ₹200/year
- Equity Delivery Brokerage: ₹9/order
- Intraday/F&O Brokerage: ₹9/order
7. Samco
About Samco
Focuses on analytics and risk management tools for traders.
Why Choose Samco?
- Flat Rs 20/order
- Smart trading tools
- Free account opening
Key Features
- Account Opening Fee: ₹0
- AMC: ₹400/year
- Equity Delivery Brokerage: ₹20/order
- Intraday/F&O Brokerage: ₹20/order
8. Wisdom Capital
About Wisdom Capital
Offers multiple brokerage plans, including lifetime free options.
Why Choose Wisdom Capital?
- Rs 9/order or one-time Rs 999 for lifetime
- No AMC on select plans
- Good for high-frequency traders
Key Features
- Account Opening Fee: ₹999 (lifetime)
- AMC: ₹0 (lifetime plan)
- Equity Delivery Brokerage: ₹9/order
9. Trade Smart
About Trade Smart Online
Trade Smart Online is a reputable discount broker that stands out for its competitive flat fee structure and advanced trading tools. With a focus on providing an intuitive trading experience, it has become a popular choice among traders in India.
Why Choose Trade Smart Online?
- Affordable Brokerage: Enjoy a flat fee of Rs. 15 per trade, regardless of the transaction size.
- Advanced Trading Platform: Utilize Justrade, the broker’s proprietary platform designed for seamless trading and technical analysis.
- Diverse Investment Options: Access a wide range of investment choices, including stocks, commodities, and mutual funds.
- User-Friendly Interface: The platform is easy to navigate, making it suitable for both beginners and experienced traders.
Key Features About Trade Smart
– Account Opening Fee: Minimal charges to get started.
– AMC: Competitive annual maintenance fees.
– Equity Delivery Brokerage: Rs. 15 per trade.
– Intraday/F&O Brokerage: Rs. 15 per trade.
– Trading Platforms: Justrade and mobile app.
– Customer Support: Responsive support through various channels.
Key Features
- Account Opening Fee: ₹200
- AMC: ₹300/year
- Equity Delivery Brokerage: ₹15/order
10. TradeJini
About TradeJini
Tradejini stands out as a leading online discount brokerage firm in India, delivering a streamlined and transparent trading experience since its inception in 201239. Headquartered in Bangalore and regulated by SEBI, Tradejini empowers traders and investors with access to equities, commodities, currencies, and derivatives across major Indian exchanges
Why Choose TradeJini?
- – A straightforward flat rate of Rs 20 for each order, ensuring transparency in pricing
- – Dedicated personalized customer support that caters to your unique needs and preferences
- – An intuitive and easy-to-navigate platform designed for a seamless user experience
Key Features
- Account Opening Fee: ₹0
- AMC: ₹300/year
- Equity Delivery Brokerage: ₹20/order
Comparison Table: Best Discount Broker in India 2025
| Broker | Account Opening Fee | AMC | Delivery Brokerage | Intraday/F&O Brokerage | Platform |
| Upstox | ₹0 | ₹150 | ₹0 | ₹20/order or 0.05% | Pro Web/App |
| Zerodha | ₹200 (Equity) | ₹300 | ₹0 | ₹20/order or 0.03% | Kite |
| Angel One | ₹0 | ₹240 | ₹0 | ₹20/order | Angel App |
| 5paisa | ₹0 | ₹300 | ₹20/order | ₹20/order | 5paisa App |
| Groww | ₹0 | ₹0 | ₹0 | ₹20/order | Groww App |
| SAS Online | ₹200 | ₹200 | ₹9/order | ₹9/order | NEST |
| Samco | ₹0 | ₹400 | ₹20/order | ₹20/order | StockNote |
| Wisdom Capital | ₹999 (lifetime) | ₹0 | ₹9/order | ₹9/order | NEST |
| Trade Smart | ₹200 | ₹300 | ₹15/order | ₹15/order | Justrade |
| TradeJini | ₹0 | ₹300 | ₹20/order | ₹20/order | TradeJini |
Discount Broker vs. Full-Service Broker
| Feature | Discount Broker | Full-Service Broker |
| Brokerage Charges | Low or zero, flat per order | High, percentage-based |
| Research & Advisory | Not provided | Included |
| Trading Platform | Online-focused, tech-driven | Online + branch network |
| Ideal For | DIY, cost-conscious traders | Investors needing handholding |
| Account Opening | Fast, paperless | May involve offline steps |
How to Choose the Best Discount Broker in India
When selecting the best discount broker in India, consider these factors:
- Brokerage Fees: Lower fees mean higher profits, especially for frequent traders.
- Account Opening and AMC: Prefer brokers with zero or minimal charges.
- Trading Platforms: Look for fast, stable, and easy-to-use platforms.
- Investment Options: Ensure the broker offers all segments you want (stocks, F&O, mutual funds, IPOs).
- Customer Support: Good support is vital for resolving issues quickly.
- Regulation: Always choose SEBI-registered brokers for safety.
User Reviews: Check recent reviews for reliability and platform performance.
Frequently Asked Questions (FAQs): Best Discount Broker in India
Which is the best discount broker in India for 2025?
Upstox is the top choice for 2025 due to its zero account opening fee, low brokerage, and advanced technology.
Are discount brokers safe?
Yes, if they are SEBI-registered and members of NSE/BSE/MCX.
What is the difference between a discount broker and a full-service broker?
Discount brokers offer low-cost trading without advisory services, while full-service brokers provide research and personal advice at higher fees.
Can beginners use discount brokers?
Absolutely. Most discount brokers have user-friendly platforms and educational resources.
Which broker has the lowest brokerage in India?
SAS Online and Wisdom Capital offer the lowest per order brokerage (Rs 9/order).
Is Upstox better than Zerodha?
Upstox offers zero account opening fees and competitive features, making it a strong alternative to Zerodha.
Can I invest in mutual funds through discount brokers?
Yes, most top brokers like Upstox, Zerodha, and Groww allow mutual fund investments.
How long does it take to open a Demat account?
With brokers like Upstox and Zerodha, you can open an account online in under 15 minutes.
Do discount brokers offer IPO investment?
Yes, leading brokers like Upstox, Zerodha, and Angel One allow IPO investments.
What documents are needed to open an account?
PAN card, Aadhaar card, bank proof, and a selfie/photo.
Conclusion
To achieve success in Future trading, one must obtain the right demat account for future and option trading operations. Upstox remains the market pioneer in 2025 because it offers affordable brokerage rates and innovative trading tools, and dependable customer services. Upstox exists to supply all the tools needed by experienced and beginner traders to execute F&O with both efficiency and confidence. Today is the day to create your Upstox demat account, which will access levels of F&O trading potential.
