Discount brokers usually do not provide stock market trade advice, unlike a full-service broker. But they provide extremely cheap brokerage on trading.
Discount brokers are a better option for investors and traders who frequently trade because of the lowest brokerage charged by the discount brokers. In this article, I have reviewed the top 11 discount brokers in India.
- Trade frequently
- Do not need investment advice
- Have a small portfolio
Top Picks For Best Discount Brokers in India
Upstox Demat & Trading
Fix brokerage of Rs. 20 per trade.
Here is the list of 11 best discount brokers in India 2020
11 Best Discount Broker in India 2020
#1. Zerodha Demat Account (Top Discount Broker)
Zerodha is the biggest discount broker in India having over 10 Lacs customer base and known for lower brokerage charges. Zerodha charges a fixed brokerage of Rs. 20 per trade irrespective of the trading volume.
Zerodha provides an advanced trading platform and one of the best customer support among the discount brokers in India.
The account opening process is completely online. You will get full support while opening your Demat and trading account.
Zerodha is a member of BSE, NSE, MCX & MCX-SX and allows you to trade
- Stocks
- Mutual Funds
- Futures & Options
- Govt. Securities
- Sovereign Gold Bond
Zerodha Brokerage Charges
Zerodha offers 0% brokerage on Stock Delivery and a flat Rs. 20 per trade on Intraday Trades.
Click Here to Save Up to 90% on your Brokerage with Zerodha
Zerodha Charges Details
| 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 trading account opening charges – Rs. 300
- Zerodha demat account opening charges – Rs. 100
- Zerodha trading account AMC – Rs. 0
- Zerodha demat account AMC – 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
- Zero brokerage for delivery
- Low & fix brokerage irrespective of trade volume
- No minimum balance required to open the account.
- In-House trading platforms
- 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
Click Here to Save Up to 90% on your Brokerage with Zerodha
#2. 5Paisa Discount Broker (Cheapest Discount Broker)
5Paisa is the best discount broker in India that offers a flat fee of just Rs. 10 per trade. You can save huge money on brokerage charges if you trade high volumes regularly.
5Paisa allows you to trade on BSE, NSE, MCX, and MCX-SX exchanges.
The best thing about 5Paisa is its extremely fast and paperless account opening process. I was able to complete all the documentation just within 15 minutes.
5Paisa is best for traders who need access to an easy platform for trading or high volume trader who want to save money on brokerage charges. 5paisa mobile trading app is the best mobile trading app so for.
5Paisa Brokerage Charges Details
0% on stock delivery – Zero brokerage on long term investment
5paisa offers 3 plans to customers based on their requirements. The brokerage charges are different for different plans.
Detailed 5 Paisa Charges
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 |
- 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
100% Fees Waiver on Account Opening Charges (Only for CashOverflow Readers)
Special link to open FREE account with 5Paisa
You would save Rs. 650+GST that 5Paisa charges for account opening.
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 |
My opinion about 5Paisa
- Paperless & fast account opening process
- Good customer care support
- Cheaper & fix brokerage charges (no complexity)
- Great trading platform
- 5Paisa offer complete online account opening process
- Trading by calling them over the phone is very costly – Rs. 100 per call.
- Some traders faced server down issues in peak hours of trading
Special link to open FREE account with 5Paisa
#3. Upstox Demat Account (Fastest Discount Broker)
Upstox (earlier known as RKSV securities) is one of the best discount broker in india for traders who look for low brokerage, high margins, and decent trading platforms.
What I like the most about Upstox, is their high tech and advanced trading platforms.
If you are looking for advanced and easy to use trading platforms you should go with Upstox. You would also get low brokerage charges and high margins which are key points for trading.
Upstox offers a fixed brokerage of Rs. 20 per trade irrespective of the trade volume.
Open Upstox account now and get (limited time offer)
- Zero account opening charges
- Zero brokerage for the next 30 days
- Free Moneycontrol annual subscription worth Rs 1999
Special link to open FREE Upstox Account
Upstox Brokerage Charges
Upstox offers 0% brokerage on the 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 Equity demat and trading – Rs. 300 (includes first year AMC)
- Upstox Commodity trading Account – Rs. 150
- Upstox AMC – Rs. 150
Upstox Intraday Margin
Stock Market Segment | Basic | Priority Pack |
| NSE/BSE Cash | 15X | 20X |
| Index Futures | 3X | 4X |
| Stock Futures | 3X | 3X |
| Index Option Sell | 3X | 4X |
| 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 | 25X |
| Index Futures | 3X | 4X |
| Stock Futures | 3X | 3X |
| Index Option Sell | 3X | 4X |
| Stock Option Sell | 3X | 3X |
| NSE Currency | 4X | 5X |
| MCX Future | 3X | 4X |
| NSE Option Buy | 1.33X | 2X |
My opinion about Upstox
- Zero brokerage charges for delivery
- Great trading platforms
- Fix & low brokerage irrespective of trade volume
- Upstox offer complete online account opening process
- You cannot invest in FPO and IPO through Upstox
Special link to open FREE Upstox Account
Best Margin Broker in India 2020
#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.
- 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 |
My opinion about Wisdom Capital
- Multiple brokerage plans
- High Margin
- Low brokerage
- 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
You can check out the full list of top Demat and trading account in India.
#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 |
- 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)
My opinion about Samco
- Low brokerage charges
- High margin
- No account opening charges
- 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
You would like to read – Best online trading platform in India 2020
#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
Check out – How to start commodity trading in India
#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
From the above list, I find Zerodha, Upstox and 5 Paisa to be best in term of brokerage charges, margins and trading platforms provided.
However, 5 Paisa charges for stock delivery, plus the Rs. 100 charges on call to trade is very costly. Hence, for Intraday trading, you can choose between Zerodha and Upstox.
Leave a Reply