Comparison of top discount stock brokers in India

We have performed a comparison of the discount brokers in India (as of 13th August, 2017).

To read about how to choose a stock broker, please click here!

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Name Brokerage
Derivatives
Brokerage
Cash Delivery
Brokerage
Cash Intraday
Fixed
Brokerage
Leverage
(Margin)
Other Charges Trading
Platforms
Pricing Contact No. Email Comments
Zerodha ₹20 or 0.01%
*#
Free ₹20 or 0.01%
*#
#NA Margin AMC (₹300/year),
Call & Trade
(20/- per order)
Other charges
KITE, Pi,
NEST, NOW
Pricing 080 4913 2020 support@zerodha.com Leading discount broker in India
Finvasia Free Free Free Free Margin Trading Platform
cost is applicable
Other charges
Scalpert,
Presto, Blitz,
NEST, NOW
Pricing 0172 667 0000 contactus@finvasia.com Best in terms of brokerage
Upstox ₹20 # Free ₹20 # #NA Margin No charges Upstox Pro,
NEST
Pricing #NA support@upstox.com Have a good trading platform
MVT ₹10 # ₹10 # ₹10 # ₹1000
per month
Cash
Margin
No charges NEST Pricing 84678 84678 sales@myvaluetrade.com Have fixed monthly brokerage plan
Trade
Smart
Online
₹15 or 0.007%
#
₹15 or 0.007%
#
₹15 or 0.007%
#
₹3999
per month
Margin AMC (₹300/year),
Call & Trade
(20/- per order)
Charges
NEST, SPIN Pricing 022 61208000 contactus@vnsfin.com

 

* whichever is lower

# per executed order

#NA indicates either option or information is not available.

Note: Please visit broker’s website for latest details.

After spending more than 10 years developing Financial Software, I took a break from my career to start my own algorithmic trading setup. This new journey started well and along with my proprietary trading systems, I also started building automation systems for retail traders, fund managers and HNIs. I was employed with firms like Morgan Stanley, HSBC & SunGard. I work on various technologies, but my strengths are building server side cloud based algorithmic trading systems built primarily using Java programming language. Apart from all of this, I am a big fan of Formula 1 racing :-)

4 thoughts on “Comparison of top discount stock brokers in India”
  • I have my own strategy written in C#. Can i use Autotrader to place order in Nest using my strategy orders as well as reading position status

    March 12, 2019 at 8:36 pm
    • Admin says:

      Yes, it is pretty simple to integrate AutoTrader with any technology. Please refer to this article.

      March 13, 2019 at 3:28 am
  • Eshant Gupta says:

    May I know AMO timings on each platforms. Upstox it is pathetic..start 6:30 pm for cash

    October 18, 2019 at 6:10 am
    • Admin says:

      Sir, we do not have that information. Kindly contact stock brokers.

      November 8, 2019 at 7:14 am
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