Compare Stock Brokers in India
Put any two of India's top discount brokers head to head — account opening, AMC, equity delivery, intraday and F&O brokerage, ratings and a free brokerage cost calculator that shows the exact charges on a trade of your size.
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Best Discount Brokers in India 2026 — at a Glance
Account opening, AMC & brokerage charges for India's top discount brokers. Tap any broker for its full charges, review and a free brokerage calculator.
| Broker | Rating | Account | AMC | Delivery | Intraday | F&O |
|---|---|---|---|---|---|---|
 | 3.9 | ₹200 | ₹300 / year | ₹0 (free) | ₹20 or 0.03% (lower) | ₹20 / order (flat) |
 | 3.7 | ₹0 (free) | ₹0 (free) | ₹20 or 0.1% (lower) | ₹20 or 0.1% (lower) | ₹20 / order (flat) |
 | 3.6 | ₹0 (free) | ₹150 / quarter (1st year free) | ₹20 or 2.5% (lower) | ₹20 or 0.05% (lower) | ₹20 / order (flat) |
 | 3.6 | ₹0 (free) | ₹0 (1st year), then ₹240 / year | ₹20 or 0.1% (lower) | ₹20 or 0.03% (lower) | ₹20 / order (flat) |
 | 4.0 | ₹0 (free) | ₹0 (free) | ₹0 (free) | ₹20 or 0.03% (lower) | ₹20 / order (flat) |
 | 3.4 | ₹0 (free) | ₹0 (Basic plan) | ₹20 / order (flat) | ₹20 / order (flat) | ₹20 / order (flat) |
 | 3.9 | ₹0 (free) | ₹0 (free) | ₹0 (free) | ₹20 or 0.03% (lower) | ₹20 / order (flat) |
 | 3.7 | ₹0 (free) | ₹0 (Trade Free plan) | ₹0 (free) | ₹20 or 0.05% (lower) | ₹20 / order (flat) |
 | 3.5 | ₹0 (free) | ₹0 (free) | ₹0 (free) | ₹20 / order (flat) | ₹20 / order (flat) |
Charges are indicative, compiled from each broker's published rate card (reviewed June 2026). Verify on the broker's website before opening an account.
How to Choose
Picking the Right Broker in India
Discount vs Full-Service Brokers
India's broking market split in two over the last decade. Full-service brokers bundle research, advisory and a relationship manager, charging a percentage of each trade. Discount brokers — the seven compared here — strip that back to a self-serve app with free or flat brokerage, which is why they now dominate new account openings. If you make your own decisions and trade online, a discount broker almost always costs far less; if you want hand-holding and research calls, a full-service broker may still suit you.
The Charges That Actually Matter
Four numbers decide your real cost: account opening (one-time), AMC (annual maintenance, charged yearly), brokerage (per trade), and statutory charges (STT, exchange fees, GST, stamp duty — identical across brokers). For a buy-and-hold investor, free delivery and zero AMC dominate. For a high-frequency F&O trader, the flat per-order fee and execution speed matter far more than AMC. The calculator on each comparison page adds all of these up so you can see the difference on a trade of your own size.
Brokerage Is Only Part of the Story
Two brokers quoting ₹20 per order can still feel very different in daily use. Platform stability during volatile sessions, charting quality, order types, margin policies, the speed of fund transfers, and the quality of support all shape the experience — and none of them show up on a price card. That's why this comparison pairs the hard numbers with pros, cons and a 'best for' verdict for each broker.
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FAQs
Broker Comparison — FAQs
For information only — not investment advice or a recommendation of any broker. OptionX is broker-neutral. Charges are indicative; confirm current rates with the broker.
Broker-neutral · Free terminal
Whichever Broker You Choose, Trade Smarter on OptionX
Keep your existing broker — OptionX plugs into Zerodha, Upstox, Dhan, Angel One and 20+ others, adding a live options chain with OI heatmaps, single-click execution and ₹5 Cr of paper-trading funds. All free.