11 Best Discount Broker in India 2022 (Cheapest broker)

Whether or not traders or investors make money in the stock market, there is one market participant who always makes money – the stock broker. Stock brokers make money in both rising or falling markets. 

In recent years, discount brokers have changed the stock broker landscape for the better. Discount brokers charge a fixed brokerage per trade irrespective of the trade volume which helps you to save decent money on your brokerage charges. 

You might not feel the pinch of paying brokerage to a full-service broker in a single transaction. But if you look at the aggregate amount you pay to the broker over a number of transactions you will realize that you are probably paying a bomb. 

If you are a frequent trader, you must choose a discount broker rather than a full-service broker. 

Best discount brokers should be

• Trustworthy and reputed
• Charge low brokerage fee
• Provide advance charts and tools for technical analysis
• Provide the latest technology trading platform

Our top 3 picked dest discount brokers in India

Here is the list of best discount brokers in India 2022

• Zerodha – Best for every trader
• Upstox – Best alternative to Zerodha 
• 5paisa – Best for only traders with no security holdings  
• Wisdom Capital – Best for lifetime free account 
• Samco – Great for high margin needs 
• SAS Online – Best for lowest brokerage charges
• TradeSmart Online – Best for lowest percentage based brokerage 

11 Best Discount Broker in India 2022

#1. Zerodha Demat Account (Top Discount Broker)

Zerodha is the biggest discount broker in India having over 12 Lacs customer base and the first broker to introduce fixed brokerage charges. Zerodha charges a fixed brokerage of Rs. 20 per trade for intraday and zero brokerage on delivery. 

Zerodha is the first choice of most of the traders because of its trading platforms equipped with advanced charts and tools. You can integrate your Zerodha account with other tools like Sensibull, Streak and Smallcase. 

You can expect great customer support from Zerodha starting from account opening and throughout your trading journey. With other discount brokers, you may face difficulty with their customer support. 

Zerodha Brokerage Charges

Type	Brokerage
Equity Delivery	Rs. 0
Equity Intraday	Lower of Rs. 20 per executed order or 0.01%
Equity Futures	Lower of Rs. 20 per executed order or 0.01%
Equity Options	Rs. 20 per executed order
Currency Futures & Options	Lower of Rs. 20 per executed order or 0.01%
Commodity F&O	Lower of Rs. 20 per executed order or 0.01%

Zerodha Account Opening & Annual Charges

• Demat & trading account opening charges – Rs. 200
• Commodity account opening charges – Rs. 100
• Annual maintenance charges – Rs 300

Zerodha Margin

Stock Market Segment	Margin
Equity Delivery	No Margin
Intraday Equity	Up to 20 times
Equity Futures	40% of the normal margin (NRML)
Equity Options	No margin
Currency Futures	40% of the normal margin (NRML)
Currency Options	No margin
Commodity	40% of the normal margin (NRML)

My Opinion about Zerodha

What I Liked

• Zero brokerage for delivery
• Low & fix brokerage irrespective of trade volume
• No minimum balance required to open the account.
• In-House trading platforms

What I Didn’t Like

• Frequent delays and service down during trading hours
• The margin provided is low as compared to other brokerage companies
• Cannot invest in IPO through Zerodha

#2. Upstox Demat Account (Fastest Discount Broker)

Upstox is one of the best discount brokers in India for traders who look for low brokerage, high margins, and good trading platforms.

You can trade with low brokerage charges of Rs 20 per trade and high margins up to 28X for higher earnings. The stock delivery is free, for value investing.  

What I like the most about Upstox, is its high-tech and advanced trading platforms. Upstox recently hit 10 lakh users and became the second-biggest discount broker after Zerodha. 

Upstox Brokerage Charges

Upstox offers 0% brokerage on stock delivery

Type	Brokerage
Equity Delivery	Rs. 0
Equity Intraday	Lower of Rs. 20 per executed order or 0.01%
Equity Futures	Lower of Rs. 20 per executed order or 0.01%
Equity Options	Rs. 20 per executed order
Currency Futures & Options	Lower of Rs. 20 per executed order or 0.01%
Commodity F&O	Lower of Rs. 20 per executed order or 0.01%

Upstox Account Opening & Charges

• Upstox account opening – Free (limited time offer)
• Upstox AMC – Rs. 25 per month

Upstox Intraday Margin

Stock Market Segment	Basic	Priority Pack
NSE/BSE Cash	15X	20X
Index Futures	3X	6X
Stock Futures	3X	3X
Index Option Sell	3X	6X
Stock Option Sell	3X	3X
NSE Currency	4X	4X
MCX Future	2.5X	3X

Upstox Margin OC/OCO orders

Segment	Basic	Priority Pack
NSE/BSE Cash	20X	27X
Index Futures	20X	28X
Stock Futures	5X	6X
Index Option Sell	3X	4X
Stock Option Sell	3X	3X
NSE Currency	4X	5X
MCX Future	3X	4X
NSE Option Buy	1.33X	2X

What I Liked

• Zero brokerage charges for delivery
• Great trading platforms
• Fix & low brokerage irrespective of trade volume
• Upstox offers complete online account opening process

What I Didn’t Like

• You cannot invest in FPO and IPO through Upstox

#3. 5Paisa Discount Broker (Cheapest Discount Broker)

5Paisa is the cheapest discount broker in India that charges a flat brokerage fee of just Rs. 10/trade on titanium and platinum plan. 

5Paisa is best for traders who need access to an easy platform for trading or high volume trader who wants to save money on brokerage charges. 5paisa mobile trading app is the best mobile trading app so for. 

The best thing about 5Paisa is its extremely fast and paperless account opening process. I was able to complete all the documentation within 15 minutes.

5Paisa Brokerage Charges Details

Zero brokerage on a stock delivery

5paisa offers 3 plans to customers based on their requirements. The brokerage charges are different for different plans. 

Detailed 5 Paisa Charges

Transaction	Optimum Plan	Platinum Plan	Titanium Plan
Stock Delivery	Rs. 20 per order	Rs. 10 per order	Free
Stock Intraday Trading	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order
Stock Futures	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order
Stock Options	Rs. 20 per order	Rs. 2 per lot	Rs. 2 per lot
Currency F&O Trades	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order

5 Paisa brokerage charges under different plans are as under; 

Transaction	Optimum Plan	Platinum Plan	Titanium Plan
Stock Delivery	Rs. 20 per order	Rs. 10 per order	Free
Stock Intraday Trading	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order
Stock Futures	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order
Stock Options	Rs. 20 per order	Rs. 2 per lot	Rs. 2 per lot
Currency F&O Trades	Rs. 20 per order	Rs. 10 per order	Rs. 10 per order

5Paisa Registration & Annual Charges

• Optimum Plan – No plan charges
• Platinum Plan – Rs. 499 per month
• Titanium Plan – Rs. 999 per month

Demat annual maintenance charges for different plans are

• Optimum Plan – Rs. 45 per traded month.
• Platinum Plan – Free
• Titanium Plan – Free

• Optimum Plan – No plan charges
• Platinum Plan – Rs. 499 per month
• Titanium Plan – Rs. 999 per month

Demat annual maintenance charges for different plans are

• Optimum Plan – Rs. 45 per traded month.
• Platinum Plan – Free
• Titanium Plan – Free

5Paisa Margin / 5Paisa Leverage

The intraday margins provided by 5 Paisa under different plans are as under

Segment	5 Paisa Optimum Plan	5 Paisa Platinum Plan	5 PaisaTitanium Plan
Equity Delivery Trading	Up to 4 times	Up to 4 times	Up to 4 times
Equity Intraday Trading	Up to 3.5 times	Up to 5 times	Up to 5 times
Equity Futures	Up to 3.5X	5X	5X
Equity Option Writing	2.5X	5X on normal and 10X on expiry	5X on normal and 10X on expiry
Currency Futures	1 time	1 time	1 time

What I Liked

• Paperless & fast account opening process
• Good customer care support
• Cheaper & fix brokerage charges (no complexity)
• Great trading platform
• 5Paisa offers complete online account opening process 

What I Didn’t Like

• Trading by calling them over the phone is very costly – Rs. 100 per call.
• Some traders faced server issues in peak hours of trading

Best Margin Broker in India 2022

#4. Wisdom Capital Review

Wisdom Capital discount broker offers 3 different plans freedom plan, pro plan and ultimate plan to the investors. The plans are different on the basis of brokerage charges and margin provided.

The freedom plan offers zero brokerage charges across all the segments but doesn’t provide a good margin.

The pro plan and ultimate plan are for a higher margin broker requirement for which you would need to pay a little higher brokerage.

The annual maintenance charges for all three accounts are the same.

Wisdom Capital Registration & Annual Charges

• Trading account opening charges – 0
• Demat account opening charges – 0
• Trading account AMC – 0
• Demat account AMC – Rs. 999

Wisdom Capital Brokerage Charges

Brokerage Plan	Freedom Plan	Pro Plan	Ultimate Plan
Equities	Zero	0.005% Intraday &Delivery	0.007% Intraday &Delivery
Future	Zero	Rs. 9/trade	0.005%
Options	Zero	Rs. 9/trade	Rs. 15/Lot
Commodity	Zero	Rs. 9/trade	0.005%

Call & Trade Charges at Rs. 20 per executed order

Wisdom Capital Margin

Brokerage Plan	Freedom Plan	Pro Plan	Ultimate Plan
NSE Cash	Up to 5X	Up to 40X	Up to 60X
NSE Futures (MIS)	1X	6X	15X
NSE Futures (Cover Order)	1X	Up to 20X	Up to 20X
NSE Options	1X	1X Buy & 6X Sell	1X Buy & Up to 15X Sell
MCX (MIS)	1X	6X	Up to 10X
MCX (Cover Order)	1X	Up to 20X	Up to 20X
Deliver in NSE Cash	1X	Up to 4X	Up to 5X

What I Liked

• Multiple brokerage plans
• High Margin
• Low brokerage

What I Didn’t Liked

• Poor technology
• You cannot invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS)
• Higher Annual maintenance charges as compared to other discount brokers

#5. Samco Review

Samco discount broker is known for low brokerage charges and high exposure, margin products and free trading products.

One unique feature of Samco is that you can take a loan against stocks and other financial products.

Samco is a member of BSE, NSE, MCX, MCX-SX & NCDEX and allows you to trade

• Equity
• Currency
• Commodity
• Bonds
• ETFs

Samco Brokerage Charges

Segment	Brokerage
Equity Delivery	Lower of 0.2% or Rs. 20 per order
Equity Intraday	Lower of 0.02% or Rs. 20 per order
Equity Futures	Lower of 0.02% or Rs. 20 per order
Equity Options	Lower of 0.02% or Rs. 20 per order
Currency Futures	Lower of 0.02% or Rs. 20 per order
Currency Options	Lower of 0.02% or Rs. 20 per order

Samco Registration & Annual Charges

• Trading account opening charges – 0
• Demat account opening charges – 0
• Trading account AMC – Rs. 400
• Demat account AMC – 0

Samco Margin

Equity MIS	Up to 3 to 10 times on MIS
Equity Cover Order	Up to 50 times
Futures	Up to 50% of NRML* Margin
Options	N/A
Currency Futures	Up to 60% of NRML margin
Currency options	50% of NRML margin
Commodity	40% of NRML margin

(*NRML = Normal margin)

What I Liked

• Low brokerage charges
• High margin
• No account opening charges

What I Didn’t Like

• Low performing trading platform
• Average customer service
• Investment in IPO and mutual funds is not supported

#6. SAS Online Discount Broker Review

The USP of SAS Online discount broker is the low brokerage of Rs. 9 per trade for all segments. You can trade in Stocks (delivery), Intraday, Equity F&O, Currency F&O and Commodity futures.  

SAS Online brokerage has a daily average turnover of Rs. 10,000 crores. The broking house processes 1 Lakh+ orders per day for clients spread across 750+ cities.

SAS Online Brokerage Charges

SAS Online charges a brokerage fee of Rs. 9 per trade for all stock market segments.

The intraday trades are charged at 0.01% or Rs 9 whichever is lower. For delivery trades, you need to pay 0.1% or Rs 9 whichever is lower.

Unlimited Monthly Plans

Apart from that, SAS Online has unlimited monthly plans as under:

Segment	Monthly Charges
Unlimited trading in commodities – MCX Plan	Rs 999
Trade unlimited across NSE Cash, BSE Cash and NSE F&O	Rs 999
Unlimited trading in currency derivatives	Rs 499

SAS Online Margin

Stock Market Segment	Margins/ Leverage
Equity Delivery	No margin
Equity Intraday (MIS)	Up to 5 times on F&O stocks and Up to 3 times on Non-F&O stocks
Equity Intraday (CO & BO)	Up to 10 times on F&O stocks & Up to 5 times on Non-F&O stocks
Equity Futures (MIS)	2 times limit is provided in all the future and option selling contracts
Equity Futures (CO & BO)	5 times limit is provided in Index futures contracts 3 times limit is provided in Stock futures contracts
Equity Options (MIS)	2 times limit is provided for option selling. 100% premium required for option buying
Equity Options (BO)	3 times limit is provided for option selling. 50 % premium required for option buying
Currency Futures (MIS)	2 times limit is provided in all the Currency futures contracts
Currency Futures (CO & BO)	3 times limit is provided in all Currency futures contracts
Currency Options (MIS)	2 times limit is provided for option selling. 100% premium required for option buying
Currency Options (BO)	3 times limit is provided for option selling. 50 % premium required for option buying
Commodity Future (MIS)	2 times limit is provided in all the futures Contracts
Commodity Future (CO & BO)	3 times limit is provided in all futures contracts

SAS Online Registration & Annual Charge

Particulars	Charges
Account Opening (Trading & Demat)	Rs 200
Commodity Trading Account	Rs 200
Annual Maintenance Charges for Trading Account	Rs. 0
AMC for Demat Account	Rs. 200

But if you opt for offline account opening then SAS Online charges you Rs. 300 – to courier you the account opening form.

What I Liked

• Margin available against shares
• Rs. 9 per trade for all segments
• Monthly Unlimited Plans

What I Didn’t Like

• Additional, call & trade charges of Rs. 20 per executed order
• Rs. 200 charges for account opening

#7. Trade Jini

TradeJini Financial Services Ltd. is a Bengaluru based discount broker with a maximum brokerage of Rs. 20 per executed order.   

The brokerage allows you to trade in NSE, BSE, MCX and MSEI. Apart from equity and derivatives one can trade/ invest in debt instruments, mutual funds and ETFs.  

TradeJini Brokerage Charges

Trading Segments	Brokerage Charges
Equity Delivery	Rs. 20 per executed order or 0.1% of turnover whichever is lower
Equity Intraday	Rs. 20 per executed order or 0.01% of turnover whichever is lower
Futures (Equity/ Currency/ Commodity)	Rs. 20 per executed order or 0.01% of turnover whichever is lower
Options (Equity/ Currency)	Rs. 20 per executed order

For using the “Call & Trade” facility, TradeJini charges Rs. 20 per executed order.

TradeJini Margin

Trading Segments	Margins Provided
Equity Intraday	up to 10 times
Equity Futures	40% (2.5 times) of the margin prescribed by the exchange
Equity Options (writing)	40% (2.5 times) of the margin prescribed by the exchange
Currency Futures and writing Currency options (NSE CDS)	50% (2 times) of the margin prescribed by the exchange
Commodity futures	50% (2 times) of the margin prescribed by the exchange

No leverage is provided for Option buying in Equities and Currency markets.

TradeJini Registration & Annual Charges

Particulars	Fees/ Charges
Trading & Demat Account Opening	Rs. 0
Annual Maintenance Charges	Rs. 300 per year

What I Liked

• Allows investment in mutual funds, bonds and ETFs
• Flash Platform that gets curated financial & market news

What I Didn’t Like

• Need to courier account opening form 
• Rs. 20 charges for Intraday (MIS) positions squared RMS team

#8. TradingBells

TradingBells is a broking brand of Swastika Investment Ltd. with 80 branches and 600 franchises spread across India.

TradeBells also has a premium brokerage plan that is similar to a full-service stockbroking company.  

TradingBells Brokerage Charges

Trading Segment	Brokerage Charges
	Standard Plan	Premium Plan
Equity Delivery	Zero	0.30%
Equity Intraday	0.01% or Rs. 20 per executed order whichever is lower	0.03%
Equity Futures	0.01% or Rs. 20 per executed order whichever is lower	0.03%
Equity Options	Flat Rs. 20 per executed order	Rs. 30 per lot
Currency Futures	0.01% or Rs. 20 per executed order whichever is lower	0.03%
Currency Options	Flat Rs. 20 per executed order	Rs. 30 per lot
Commodity Futures	0.01% or Rs. 20 per executed order whichever is lower	0.03%
Commodity Options	Flat Rs. 20 per executed order	Rs. 30 per lot

Call & Trade to cost Rs. 20 per executed order. RMS square off trades will also be treated as call & trade and charged at Rs. 20 per executed order. 

TradingBells Discount Broker Margin

TradeBells provides margin facility for MIS intraday order and CO.

The MIS intraday margin is as under:

Trading Segments	Margin
Equity Intraday	Up to 10X depending on the stock
Equity Futures	Up to 3X
Equity Options (buy/ sell)	1X
Commodity	Up to 3X
Currency	Up to 3X

TradeBells auto squares off the trading position at 80% erosion in the margin. 

Margins on respect of Cover orders are under:

Trading Segments	Margin
Equity Intraday	Up to 22X
Derivatives segment	7X

50% of the margin needs to be in the form of cash and cash equivalents such as FD and bank guarantee. 

TradingBells Registration & Annual Charges

Particulars	Fees
Equity (trading + demat) and commodity account	Rs. 750
Annual account maintenance charges	NIL

What I Liked

• Rs. 0 delivery charges under the standard plan
• Rs. 0 AMC charges
• 22X leverage for equity intraday cover orders

What I Didn’t Like

• Rs. 750 account opening charges
• Auto square off on 80% margin erosion

#9. TradeSmart Online Discount Broker Review

TradeSmart Online charges one of the lowest brokerages of 7 paise for most of the segments if you trade less volumes.

TradeSmart Online is a discount broking venture of VNS Finance with over 20 years of business presence. 

VNS itself is a full-service broking company. 

TradeSmart Online Brokerage Charges

TradeSmart offers two brokerage plans:

• Value trading plan for less volume traders 
• Power trading plan for big volume traders 

You can choose anyone based on your trading preferences. The brokerage charged under both the plans are below:

Trading Segment	Brokerage for Value Trading Plan	Brokerage for Power Trading Plan
Equity delivery	0.07%	Rs. 15 per executed order
Equity Intraday	0.007%	Rs. 15 per executed order
Equity Futures	0.007%	Rs. 15 per executed order
Options	Rs. 7 per lot	Rs. 15 per executed order
Currency	0.007%	Rs. 15 per executed order
Commodities	0.007%	Rs. 15 per executed order

The “Call and Trade” is charged at Rs 20 per executed order. TradeSmart charges Rs. 20 for MIS, CO, BO auto square off.

TradeSmart Online Margin

Trading Segment	MIS Intraday	CO Intraday	BO Intraday
NSE Cash	Up to 10X	30X	30X
BSE Cash	Up to 10X	NA	NA
Equity/Index futures	3X	7X	7X
Equity/Index Options writing (selling)	3X	7X	7X
Equity/Index Options buying	1X	1X	1X
Currency futures	3X	3X	3X
Currency Options writing	3X	NA	NA
Currency Options buying	1X	NA	NA
MCX Futures	2X	6X	6X

TradeSmart Online Registration & Annual Charges

Particulars	Fees
Account Opening charges	Rs. 400
Annual Maintenance charges	Rs. 300

My Opinion About TradeSmart Online

What I Liked

• Value trading and Power trading plans
• Low 7 paise brokerage for equity delivery
• Up to 30X margins for Equity intraday BO/CO orders on NSE

What I Didn’t Like

• Rs. 20 auto square off charges
• Rs. 400 account opening charges

#10. Trade Plus Review

Trade Plus is the online brand of Navia Markets Ltd. with more than 2 decades of broking business. 

Apart from trading in equity and derivatives, you can invest in Direct Mutual Funds, ETFs, IPO and Bonds.

Trade Plus Brokerage Charges

Trading Segment	Flat Zero brokerage Scheme	Flexi Brokerage Scheme
Equity Delivery	0%	0%
Equity Intraday	N.A.	Lower of Rs. 9 per traded order or 0.01%
Equity Futures	Rs. 799 per month	Rs. 9 per traded order
Equity Options	Rs. 99 per month	Rs. 9 per traded order
Currency Futures & Options	Rs. 99 per month	Rs. 9 per traded order
Commodity Future & Options	Rs. 99 per month	Rs. 9 per traded order

The “Call & trade” are very high at a flat rate of Rs.75 per day, irrespective of the number of orders placed.

Trade Plus charges a monthly SMS charge of Rs.99 if you subscribe to Zero Brokerage monthly Plans.

Trade Plus Margin

Trading Segment	MIS Intraday Margin	CO/BO Margins
Equity Intraday	Leverage of 10x is provided for all stocks trading in the futures segment where (VAR+ELM) <=20%.	Between 20X – 30X on all F&O stocks
Equity Futures/ Option selling	50% SPAN +50% Additionalmargin	5% of the Contract value & Stop Loss 3% Compulsory
Currency Derivatives	50% SPAN +50% Additionalmargin	N.A.
Commodity Futures/ option selling	50% SPAN +50% Additionalmargin	20% SPAN or SPAN / 5 for commodity futures and NA for Commodity options
Equity / Commodities options BUY	100% of Premium Value for Equity and Commodity NA	N.A

Trade Plus Registration & Annual Charges

Particulars	Fees
Trading Account Opening Fees	Rs. 200
Demat Account Opening Fees	Rs. 0
Annual maintenance charges	First Year: NILSecond Year onwards: Rs. 200 per annum ORUpfront 5 years AMC: Rs. 500Upfront 10 years AMC: Rs. 900
Infini Trading Solutions trading platform fees	Rs. 499 per month ORRs. 2,999 per annum

What I Liked

• Rs. 0 for delivery trades under both the plans
• Flexible AMC plans with Rs. 0 AMC for the first year
• Rs. 99 pm charge for currency & commodity trading under flat brokerage scheme

What I Didn’t Like

• Rs. 499 trading platform charges
• Rs. 75 charges for call and trade facility
• Rs. 75 charges for intraday position squared off by RMS team

#11. Master Trust (MyValue Trade) Review

My Value Trade is a discount broking brand/ arm of Master Trust Ltd. 

Presently, the website for MyValue Trade is not available OR has been amalgamated with the Master Trust Ltd (that’s my guess). Any search for the website “My Value Trade” returns in a 404 Error.

All the details are found for Master Trust Ltd. So in the review, I have provided information for Master Trust Ltd. 

Master Trust Brokerage Charges

Master Trust Ltd offers three plans:

• 20:20 brokerage plan – for Do it yourself investor
• Standard plan – for long term investor looking for value-added services
• My plan – traders at other brokerages looking at 25% off on their plan on joining Master Trust.

Trading Segment	20:20 plan	Standard Plan	My Plan
Equity/ Commodity Delivery	Free	0.30%	25% off
Equity Intraday	Rs. 20 per executed order	0.03%	25% off
Futures (equity, currency & commodity)	Rs. 20 per executed order	0.03%	25% off
Equity/ Commodity Options	Rs. 20 per executed order	Rs. 75 per lot	25% off
Currency options	Rs. 20 per executed order	Rs. 10 per lot	25% off

Master Trust Margin

Trading Segment (MIS)	20:20 plan	Standard Plan	My Plan
Equity Delivery	1X	Up to 4.5X	Up to 4.5X
Equity Intraday	Up to 16X	Up to 16X	Up to 16X
Derivatives (equity, currency & commodity)	2X	2X	2X
CO/BO	20:20 plan	Standard Plan	My Plan
Equity	Up to 48X	Up to 48X	Up to 48X
Equity Futures & Short Options	6X	6X	6X
Commodity Non-Agri	6X	6X	6X
Currency Futures	6X	6X	6X

Master Trust Registration & Annual Charges

Particulars	20:20 plan	Standard Plan	My Plan
Account Opening Charges	Rs. 100	Rs. 100	Rs. 100
Demat AMC	Rs. 300 per annum	Free (on annual brokerage of Rs.1000)	Free (on annual brokerage of Rs.1000)

What I Liked

• Every 5th executed order is free under 20:20 brokerage plan
• Ami Broker charting platform connectors
• 25% off from the existing brokerage under My plan

What I Didn’t Like

• Rs. 100 account opening charges
• Zero brokerage on equity delivery only on 20:20 plan 

Conclusion

If you ask me, which is the best discount broker in India, I would suggest you to open an account with Zerodha.

Open an account with Upsotx if you are looking for an alternative to Zerodha.

If your priority is to pick a broker with the lowest brokerage, open an account with 5paisa.