Stock Broker Reviews India
Compare India's top stock brokers
How we rate brokers
Every star rating on this site is our own editorial score, computed the same way for every broker: 40% cost (brokerage plus the hidden charges most people discover later), 20% how plainly the broker publishes those charges, 20% support and platform quality, and 20% how our own test account opening went. Each review answers the same five questions — account opening charges, AMC, equity delivery, intraday & F&O, and hidden charges — so brokers can be compared point by point instead of through prose.
Charges shown are each broker's published headline plan as last reviewed by our team. Brokers revise tariffs without notice — confirm the current schedule on the broker's own site before opening an account.
Zerodha
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹300/yr
Delivery: ₹0
Intraday: ₹20 per order
Angel One
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Upstox
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Kotak Neo
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0 (linked Kotak bank account fees may apply)
Delivery: ₹0 (promotional)
Intraday: ₹20 per order
5Paisa
0.03% or ₹20 (whichever lower)
Discount Broker
Account Opening: ₹99
Demat AMC: ₹400/yr after the first year
Delivery: 0.03% or ₹20
Intraday: 0.03% or ₹20
Groww
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Dhan
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Fyers
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
mStock
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0 first year, then ₹300/yr
Delivery: ₹0
Intraday: ₹20 per order
Paytm Money
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
INDmoney
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Alice Blue
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
ProStocks
₹20 per order or ₹300/day unlimited
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹300/day unlimited
Tradejini
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
SAMCO
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Trade Smart Online
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0
Delivery: ₹0
Intraday: ₹20 per order
Bajaj Broking
₹20 / Intraday & F&O order
Discount Broker
Account Opening: Free (₹0)
Demat AMC: ₹0 first year, then ₹400/yr
Delivery: ₹0
Intraday: ₹20 per order
Data Sources & Verification:
All brokerage charges, AMC, account opening fees and DP charges are verified from each broker's official pricing page (zerodha.com/charges, angelone.in, upstox.com etc.) as on 20 Oct 2026. SEBI Registration Numbers verified from the NSE/BSE member list and SEBI website. Investor complaints data is public data compiled from SEBI SCORES (scores.sebi.gov.in) and the NSE investor complaints portal. Broker ratings are our own editorial scores computed uniformly. For the latest tariff, please confirm on the broker's official website before opening an account.
Last Verified: 20 Oct 2026 | Source: Official broker websites, NSE/BSE, SEBI SCORES, CDSL tariff.