Best Discount Brokers in India
Save on every trade with flat-fee and zero-brokerage platforms.
Updated for 2026 • 15 Brokers Reviewed
What is a Discount Broker?
Discount brokers are tech-first platforms (like Zerodha, Groww) that offer stock trading at a very low cost—often flat fees like ₹20 per trade or even zero brokerage.
They do not provide advisory services or stock tips (unlike full-service brokers). They are best suited for DIY investors and traders who want to save money.
Pros & Cons
- Low / Zero Brokerage
- Fast Mobile Apps
- Instant Paperless Open
- No Research Tips
- Limited Branch Support
- DIY Approach Needed
Top Rated Discount Brokers
Free Opening?
₹200
Delivery
₹0 (Free)
Intraday
₹20 or 0.03%
Best For
BeginnersInvestorsOptions
Zero brokerage on equity delivery
Most reliable trading platform (Kite)
Free Opening?
₹0 (Free)
Delivery
₹20 or 0.05%
Intraday
₹20 or 0.05%
Best For
BeginnersMutual Funds
Zero Account Opening & AMC Charges
Extremely simple UI for beginners
Free Opening?
₹0 (Free)
Delivery
₹20 or 2.5%
Intraday
₹20 or 0.05%
Best For
IntradayOptions
Fast trading platform (Pro)
Good charting tools
Free Opening?
₹0 (Free)
Delivery
₹0 (Free)
Intraday
₹20 or 0.03%
Best For
IntradayOptions
Built for Super Traders
TradingView Charts Integration
Free Opening?
₹0 (Free)
Delivery
₹20
Intraday
₹20
Best For
BeginnersIntraday
Flat fee per order
Good mobile app
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹0
Best For
InvestorsMutual Funds
US Stocks Investing
All-in-one finance tracking
Free Opening?
₹999 (One time)
Delivery
₹0
Intraday
₹0
Best For
IntradayOptions
Zero Brokerage across all segments
Lifetime free AMC plan
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹20
Best For
IntradayOptions
Excellent Charting (TradingView)
Drag and drop trading
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹15
Best For
IntradayOptions
Unlimited Trading Plans
Low latency API
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹20
Best For
InvestorsMutual Funds
Backed by PhonePe
Factor-based investing
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹15
Best For
IntradayBeginners
Pay only when you profit (Intraday)
Good research calls
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹0
Best For
IntradayOptions
True Zero Brokerage forever
Zero Clearing charges
Free Opening?
₹0 (Free)
Delivery
₹0
Intraday
₹15
Best For
IntradayOptions
Single Margin for Equity and Commodity
Advanced API
Free Opening?
₹0 (Free)
Delivery
₹15
Intraday
₹15
Best For
IntradayBeginners
Low flat brokerage
VNS Finance backing
Free Opening?
₹0 (Free)
Delivery
₹20
Intraday
₹20
Best For
IntradayInvestors
StockNote App (Guidance)
Leverage products
Who should choose a discount broker?
If you are comfortable placing your own orders using a mobile app and don't need a relationship manager to call you, a discount broker is the best choice. You save 80-90% in commission fees compared to traditional banks.