Best Discount Broker in India | Trendy Traders

When it comes to stock market trading, one truth is universal — every saved rupee adds up. And that’s where discount brokers step in. Think of them as the budget airlines of the stock market: no unnecessary frills, just the essentials to get you from point A to point B at the lowest cost possible.

In this guide, we’ll explore the best discount broker in India, compare popular Indian discount brokers, and help you choose the right one for your trading journey. Whether you’re a beginner or a seasoned trader, you’ll find this guide packed with insights that could save you thousands in brokerage fees.

Explore top discount brokers in India. Find the best discount broker in India from our list of trusted Indian discount brokers for smart, low-cost trading.

What is a Discount Broker?

A discount broker is a stockbroker that provides a trading platform without the extra services of a full-service broker, like in-depth research or personal investment advice. Their primary appeal? Low brokerage fees — often a flat rate per trade, or even zero.

If a full-service broker is like a five-star hotel, a discount broker is more like a clean, comfortable budget hotel — you get the basics you need, minus the luxuries you might not use.

Difference Between Discount Brokers and Full-Service Brokers

The main difference lies in cost and services:

Full-Service Brokers: Offer research, advisory, and wealth management along with trading facilities. Higher brokerage fees (percentage-based).
Discount Brokers: Focus on execution of trades at minimal cost, often with online platforms and no advisory services.

Example:
If you trade shares worth ₹1,00,000 — a full-service broker might charge ₹200–₹500 (percentage basis), while a discount broker may charge ₹20 or even ₹0 per trade.

Why Choose a Discount Broker in India?

Here’s why discount brokers are a favorite among Indian traders:

Lower Costs – Keep more profits in your pocket.
Technology-Driven Platforms – Fast, reliable, and easy to use.
Transparency – Flat fees mean no unpleasant surprises.
Accessibility – Great for beginners and small investors.

It’s like swapping a chauffeur-driven car for an affordable self-drive — you still reach your destination, but without the hefty price tag.

Key Factors to Consider Before Choosing a Discount Broker

Before you jump in, check these factors:

Brokerage Charges – Flat fee or zero brokerage?
Account Opening & AMC Fees – Hidden costs can eat into savings.
Trading Platform – User-friendly, stable, and fast execution.
Customer Support – Quick resolution of issues.
Regulatory Compliance – Registered with SEBI and stock exchanges.

Top 10 Best Discount Brokers in India 2025

Here’s our carefully curated list of the best discount broker in India for 2025:

Zerodha – India’s largest and most trusted discount broker.
Upstox – High-tech platform with low brokerage.
Angel One – Hybrid model with added research benefits.
Groww – Simplified trading for first-time investors.
Paytm Money – Mobile-first, ultra-low cost.
5paisa – Flat-fee brokerage with multiple plans.
Shoonya by Finvasia – 100% zero brokerage.
Rupeezy – Affordable and beginner-friendly.
SAMCO – Leverage-focused discount broker.
ProStocks – Unlimited monthly plans for active traders.

Zerodha – Pioneer of Indian Discount Brokers

Founded: 2010
Brokerage: ₹0 for equity delivery, ₹20 per intraday order
Why Choose: Reliable platform (Kite), educational resources, massive user base.

Zerodha is like the “Google” of discount brokers in India — simple, effective, and widely trusted.

Upstox – Feature-Packed Low-Cost Trading

Brokerage: ₹20 per trade or 0.05% (whichever is lower)
Highlights: Great mobile app, advanced charts, pro plans for active traders.

If Zerodha is Google, Upstox is like Apple — sleek design, top-tier tech, and loyal followers.

Angel One – Hybrid of Low Cost and Research Support

Brokerage: ₹0 for delivery, ₹20 for intraday
Unique Point: Offers research and advisory along with discount pricing.

Perfect for traders who want cost savings without sacrificing expert insights.

Groww – Simplified Trading for Beginners

Brokerage: ₹20 per trade
USP: Minimalist design, easy account setup, seamless mobile app.

Ideal for new investors who want a clean, no-clutter platform.

Paytm Money – Affordable & Mobile-First Broker

Brokerage: ₹15 per trade
Best For: Mobile traders and Paytm ecosystem users.

5paisa – Flat-Fee Trading Platform

Brokerage: ₹20 per trade
Edge: Multiple subscription plans for active traders.

Shoonya by Finvasia – Zero Brokerage Revolution

Brokerage: ₹0 across all segments
Why It Stands Out: Literally free trading — perfect for high-volume traders.

Rupeezy – Budget-Friendly with a Personal Touch

Brokerage: ₹10 per trade
Best For: Cost-conscious traders who still want customer care.

How to Open an Account with a Discount Broker

Step 1: Choose your broker.
Step 2: Fill in the online application.
Step 3: Upload KYC documents (PAN, Aadhaar, bank proof).
Step 4: E-sign and complete verification.
Step 5: Start trading!

Tips for Maximizing Savings with Discount Brokers

Avoid unnecessary trades — more trades = more costs.
Use free tools — most platforms offer charts, scanners, and reports.
Monitor hidden charges like DP fees, transaction tax, etc.

Final Thoughts – Which One Should You Pick?

Choosing the best discount broker in India depends on your trading style.

Beginners? Groww or Paytm Money.
Active traders? Shoonya or ProStocks.
Balanced approach? Zerodha or Angel One.

In the end, it’s not just about the cheapest — it’s about the most value for your money.

FAQs on Discount Brokers in India

Q1. Which is the No.1 discount broker in India?
Zerodha is widely considered the No.1 discount broker due to its reliability, low fees, and massive user base.

Q2. Are discount brokers safe in India?
Yes, if they are SEBI-registered and comply with regulations. Always check their credentials.

Q3. Can I switch from a full-service broker to a discount broker?
Yes, you can transfer your holdings to a discount broker through a simple process.

Q4. Do discount brokers provide advisory services?
Most don’t, but some (like Angel One) offer basic research reports.

Q5. Which discount broker has zero brokerage in India?
Shoonya by Finvasia offers zero brokerage across all segments.