#1
Zerodha
4.64.6 out of 5(18,420)
India's largest discount broker, known for a clean platform and flat-fee pricing.
- Delivery
- Zero
- AMC
- ₹300/yr
- Opening
- ₹200
Free equity delivery + free direct mutual funds
Charges last updated 12 Aug 2026
Best Discount Brokers
Flat-fee brokers that keep per-order costs predictable for regular traders.
| # | Broker | Rating | Delivery | Intraday | AMC | |
|---|---|---|---|---|---|---|
| 1 | Zerodha | 4.64.6 out of 5 | Zero | 0.03% or ₹20 / order (lower) | ₹300 | Open Account |
| 2 | GrowwSponsored | 4.44.4 out of 5 | 0.1% or ₹20 / order (lower) | 0.1% or ₹20 / order (lower) | ₹0 | Open Account |
| 3 | Upstox | 4.24.2 out of 5 | ₹20 or 2.5% per order (lower) | ₹20 or 0.05% per order (lower) | ₹300 | Open Account |
| 4 | 5paisa | 3.83.8 out of 5 | ₹20 per order (₹10 on packs) | ₹20 per order (₹10 on packs) | ₹300 | Open Account |
#2
Groww
Sponsored4.44.4 out of 5(24,110)
Beginner-friendly app that started with mutual funds and now covers stocks and F&O.
- Delivery
- 0.1% or ₹20 / order (lower)
- AMC
- ₹0/yr
- Opening
- Free
₹0 account opening and ₹0 AMC
Charges last updated 12 Aug 2026
#3
Upstox
4.24.2 out of 5(15,230)
Discount broker with fast execution and competitive flat pricing for active traders.
- Delivery
- ₹20 or 2.5% per order (lower)
- AMC
- ₹300/yr
- Opening
- Free
Zero account opening charges
Charges last updated 12 Aug 2026
#4
5paisa
3.83.8 out of 5(5,420)
Low-cost discount broker with subscription packs that reduce per-order fees.
- Delivery
- ₹20 per order (₹10 on packs)
- AMC
- ₹300/yr
- Opening
- Free
Flat ₹10 per order on subscription packs
Charges last updated 12 Aug 2026
Our methodology
Ranked primarily on per-order cost, platform stability and product coverage.
Editorial rankings are produced independently of any commercial relationship. Sponsored listings are labelled and are never promoted above their earned editorial position.
Pros & cons of the top pick
- + Zero delivery brokerage
- + Fast, uncluttered trading platform
- + Strong educational content
- − Limited research recommendations
- − Phone support can be slow at peak hours
Frequently asked questions
- What is a discount broker?
- A broker that charges a flat, low fee per order and typically does not provide advisory or research services.
We are a broker comparison and discovery platform. Brokerage rates, fees, offers and product features may change. Please verify the latest information on the broker's official website before opening an account. Information provided on this platform should not be considered investment advice.