Whether or not traders or investors make money in the stock market, there is one market participant who always makes money – the stock broker. Stock brokers make money in both rising or falling markets. 

In recent years, discount brokers have changed the stock broker landscape for the better. Discount brokers charge a fixed brokerage per trade irrespective of the trade volume which helps you to save decent money on your brokerage charges. 

You might not feel the pinch of paying brokerage to a full-service broker in a single transaction. But if you look at the aggregate amount you pay to the broker over a number of transactions you will realize that you are probably paying a bomb. 

If you are a frequent trader, you must choose a discount broker rather than a full-service broker. 

In this article, I have reviewed the top 11 best discount brokers in India 2021.

Best discount brokers should be

  • Trustworthy and reputed 
  • Charge low brokerage fee 
  • Provide advance charts and tools for technical analysis 
  • Provide the latest technology trading platform 

Based on above factors, we have picked top 3 Best Discount Brokers in India

Biggest Discount Broker
Zerodha

Fix brokerage of Rs 20 per trade.

Get Rs 1000 Brokerage
Upstox Demat & Trading

Fix brokerage of Rs 20 per trade.

Open Free Demat Account
5Paisa

Lowest fixed brokerage of upto Rs.10 per trade.

Here is the list of best discount brokers in India 2021

  • Zerodha – Best for every trader
  • Upstox – Best alternative to Zerodha 
  • 5paisa – Best for only traders with no security holdings  
  • Wisdom Capital – Best for lifetime free account 
  • Samco – Great for high margin needs 
  • SAS Online – Best for lowest brokerage charges
  • TradeSmart Online – Best for lowest percentage based brokerage 

#1. Zerodha Demat Account (Top Discount Broker)

Zerodha

Zerodha is the biggest discount broker in India having over 12 Lacs customer base and the first broker to introduce fixed brokerage charges. Zerodha charges a fixed brokerage of Rs. 20 per trade for intraday and zero brokerage on delivery. 

Zerodha is the first choice of most of the traders because of its trading platforms equipped with advanced charts and tools. You can integrate your Zerodha account with other tools like Sensibull, Streak and Smallcase. 

You can expect great customer support from Zerodha starting from account opening and throughout your trading journey. With other discount brokers, you may face difficulty with their customer support. 

What makes Zerodha at #1

  • Most trusted & reputed broker in India
  • Best in customer support
  • Fix Rs 20/trade on intraday
  • Zero brokerage on the stock delivery
  • Provides advance charts and tools for technical analysis

Click Here to Open Zerodha Account

Zerodha Brokerage Charges

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%

<strong>Zerodha Account Opening & Annual Charges</strong>

  • Demat & trading account opening charges – Rs. 200
  • Commodity account opening charges – Rs. 100
  • Annual maintenance charges – 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

What I Liked

  • Zero brokerage for delivery
  • Low & fix brokerage irrespective of trade volume
  • No minimum balance required to open the account.
  • In-House trading platforms

What I Didnt Like

  • 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. Upstox Demat Account (Fastest Discount Broker)

Upstox

Upstox is one of the best discount brokers in India for traders who look for low brokerage, high margins, and good trading platforms.

You can trade with low brokerage charges of Rs 20 per trade and high margins up to 28X for higher earnings. The stock delivery is free, for value investing.  

What I like the most about Upstox, is its high-tech and advanced trading platforms. Upstox recently hit 10 lakh users and became the second-biggest discount broker after Zerodha. 

What Makes Upstox Number #2

  • Free brokerage credit of Rs 1000
  • Flat brokerage of Rs 20/trade
  • Zero stock deliver brokerage 
  • Great trading platforms with advance tools 

Special link to open Free account

Upstox Brokerage Charges

Upstox offers 0% brokerage on 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%

<strong>Upstox</strong><strong> Account Opening & Charges</strong>

  • Upstox account opening – Free (limited time offer) 
  • Upstox AMC – Rs. 25 per month 

Upstox Intraday Margin

Stock Market Segment

Basic Priority Pack
NSE/BSE Cash 15X 20X
Index Futures 3X 6X
Stock Futures 3X 3X
Index Option Sell 3X 6X
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 27X
Index Futures 20X 28X
Stock Futures 5X 6X
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

What I Liked

  • Zero brokerage charges for delivery
  • Great trading platforms
  • Fix & low brokerage irrespective of trade volume
  • Upstox offers complete online account opening process 

What I Didnt Like

  • You cannot invest in FPO and IPO through Upstox

Click here to open Free Upstox Account

#3. 5Paisa Discount Broker (Cheapest Discount Broker)

5

5Paisa is the cheapest discount broker in India that charges a flat brokerage fee of just Rs. 10/trade on titanium and platinum plan. 

5Paisa is best for traders who need access to an easy platform for trading or high volume trader who wants to save money on brokerage charges. 5paisa mobile trading app is the best mobile trading app so for. 

The best thing about 5Paisa is its extremely fast and paperless account opening process. I was able to complete all the documentation within 15 minutes.

What Makes 5paisa at #3

  • Cheapest brokerage charges of Rs 10/trade
  • Zero brokerage on delivery
  • Fastest & complete paperless account opening process
  • Decent customer support

Special link to open FREE account with 5Paisa

5Paisa Brokerage Charges Details

Zero brokerage on a stock delivery

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; 

TransactionOptimum PlanPlatinum PlanTitanium Plan
Stock DeliveryRs. 20 per orderRs. 10 per orderFree
Stock Intraday TradingRs. 20 per orderRs. 10 per orderRs. 10 per order
Stock FuturesRs. 20 per orderRs. 10 per orderRs. 10 per order
Stock OptionsRs. 20 per orderRs. 2 per lotRs. 2 per lot
Currency F&O TradesRs. 20 per orderRs. 10 per orderRs. 10 per order

<strong>5Paisa Registration & Annual Charges</strong>


  • 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

5Paisa Margin / 5Paisa Leverage

The intraday margins provided by 5 Paisa under different plans are as under

Segment5 Paisa Optimum Plan5 Paisa Platinum Plan5 PaisaTitanium Plan
Equity Delivery TradingUp to 4 timesUp to 4 timesUp to 4 times
Equity Intraday TradingUp to 3.5 timesUp to 5 timesUp to 5 times
Equity FuturesUp to 3.5X5X5X
Equity Option Writing2.5X5X on normal and 10X on expiry5X on normal and 10X on expiry
Currency Futures1 time1 time1 time

My opinion about 5Paisa



What I Liked


  • Paperless & fast account opening process
  • Good customer care support
  • Cheaper & fix brokerage charges (no complexity)
  • Great trading platform
  • 5Paisa offers complete online account opening process 




What I Didnt Like


  • Trading by calling them over the phone is very costly – Rs. 100 per call.
  • Some traders faced server issues in peak hours of trading



Click here to open FREE account with 5Paisa

Best Margin Broker in India 2021

#4. Wisdom Capital Review

Wisdom

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.

<strong>Wisdom Capital </strong><strong>Registration & Annual Charges</strong>


  • 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



What I Liked


  • Multiple brokerage plans
  • High Margin
  • Low brokerage




What I Didnt Liked


  • 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 2021.

#5. Samco Review

Samco

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

<strong>Samco </strong><strong>Registration & Annual Charges</strong>


  • 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



What I Liked


  • Low brokerage charges
  • High margin
  • No account opening charges




What I Didnt Liked


  • Low performing trading platform
  • Average customer service
  • Investment in IPO and mutual funds is not supported



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#6. SAS Online Discount Broker Review

sas

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:

SegmentMonthly Charges
Unlimited trading in commodities – MCX PlanRs 999
Trade unlimited across NSE Cash, BSE Cash and NSE F&ORs 999
Unlimited trading in currency derivativesRs 499

SAS Online Margin

Stock Market SegmentMargins/ Leverage
Equity DeliveryNo 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

ParticularsCharges
Account Opening (Trading & Demat)Rs 200
Commodity Trading AccountRs 200
Annual Maintenance Charges for Trading AccountRs. 0
AMC for Demat AccountRs. 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

trade

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 SegmentsBrokerage Charges
Equity DeliveryRs. 20 per executed order or 0.1% of turnover whichever is lower
Equity IntradayRs. 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 SegmentsMargins Provided
Equity Intradayup to 10 times
Equity Futures40% (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 futures50% (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

ParticularsFees/ Charges
Trading & Demat Account OpeningRs. 0
Annual Maintenance ChargesRs. 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 readBest online trading platform in India 2021

#8. TradingBells

trading

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 SegmentBrokerage Charges
 Standard PlanPremium Plan
Equity DeliveryZero0.30%
Equity Intraday0.01% or Rs. 20 per executed order whichever is lower0.03%
Equity Futures0.01% or Rs. 20 per executed order whichever is lower0.03%
Equity OptionsFlat Rs. 20 per executed orderRs. 30 per lot
Currency Futures0.01% or Rs. 20 per executed order whichever is lower0.03%
Currency OptionsFlat Rs. 20 per executed orderRs. 30 per lot
Commodity Futures0.01% or Rs. 20 per executed order whichever is lower0.03% 
Commodity OptionsFlat Rs. 20 per executed orderRs. 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 SegmentsMargin 
Equity IntradayUp to 10X depending on the stock
Equity FuturesUp to 3X
Equity Options (buy/ sell)1X
Commodity Up to 3X
CurrencyUp to 3X

TradeBells auto squares off the trading position at 80% erosion in the margin. 

Margins on respect of Cover orders are under:

Trading SegmentsMargin 
Equity IntradayUp to 22X 
Derivatives segment7X

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

ParticularsFees
Equity (trading + demat) and commodity account Rs. 750
Annual account maintenance chargesNIL

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 outHow to start commodity trading in India

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#9. TradeSmart Online Discount Broker Review

trade

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 SegmentBrokerage for Value Trading PlanBrokerage for Power Trading Plan
Equity delivery0.07%Rs. 15 per executed order
Equity Intraday0.007%Rs. 15 per executed order
Equity Futures0.007%Rs. 15 per executed order
OptionsRs. 7 per lotRs. 15 per executed order
Currency0.007%Rs. 15 per executed order
Commodities0.007%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 SegmentMIS IntradayCO IntradayBO Intraday
NSE CashUp to 10X30X30X
BSE CashUp to 10XNANA
Equity/Index futures3X7X7X
Equity/Index Options writing (selling)3X7X7X
Equity/Index Options buying1X1X1X
Currency futures3X3X3X
Currency Options writing3XNANA
Currency Options buying1XNANA
MCX Futures2X6X6X

TradeSmart Online Registration & Annual Charges

ParticularsFees
Account Opening chargesRs. 400
Annual Maintenance chargesRs. 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

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 SegmentFlat Zero brokerage SchemeFlexi Brokerage Scheme
Equity Delivery0%0%
Equity IntradayN.A.Lower of Rs. 9 per traded order or 0.01%
Equity FuturesRs. 799 per monthRs. 9 per traded order
Equity OptionsRs. 99 per monthRs. 9 per traded order
Currency Futures & OptionsRs. 99 per monthRs. 9 per traded order
Commodity Future & OptionsRs. 99 per monthRs. 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 SegmentMIS Intraday MarginCO/BO Margins
Equity IntradayLeverage 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 selling50% SPAN +50% Additionalmargin5% of the Contract value & Stop Loss 3% Compulsory
Currency Derivatives50% SPAN +50% AdditionalmarginN.A.
Commodity Futures/ option selling50% SPAN +50% Additionalmargin20% SPAN or SPAN / 5 for commodity futures and NA for Commodity options
Equity / Commodities options BUY100% of Premium Value for Equity and Commodity NAN.A

Trade Plus Registration & Annual Charges

ParticularsFees
Trading Account Opening FeesRs. 200
Demat Account Opening FeesRs. 0
Annual maintenance chargesFirst Year: NILSecond Year onwards: Rs. 200 per annum ORUpfront 5 years AMC: Rs. 500Upfront 10 years AMC: Rs. 900
Infini Trading Solutions trading platform feesRs. 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

master

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 Segment20:20 planStandard PlanMy Plan
Equity/ Commodity DeliveryFree0.30%25% off
Equity IntradayRs. 20 per executed order0.03%25% off
Futures (equity, currency & commodity)Rs. 20 per executed order0.03%25% off
Equity/ Commodity OptionsRs. 20 per executed orderRs. 75 per lot25% off
Currency optionsRs. 20 per executed orderRs. 10 per lot25% off

Master Trust Margin

Trading Segment (MIS)20:20 planStandard PlanMy Plan
Equity Delivery1XUp to 4.5XUp to 4.5X
Equity IntradayUp to 16XUp to 16XUp to 16X
Derivatives (equity, currency & commodity)2X2X2X
CO/BO20:20 planStandard PlanMy Plan
EquityUp to 48XUp to 48XUp to 48X
Equity Futures & Short Options6X6X6X
Commodity Non-Agri 6X6X6X
Currency Futures6X6X6X

Master Trust Registration & Annual Charges

Particulars20:20 planStandard PlanMy Plan
Account Opening ChargesRs. 100Rs. 100Rs. 100
Demat AMCRs. 300 per annumFree (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

If you ask me, which is the best discount broker in India, I would suggest you to open an account with Zerodha.

Open an account with Upsotx if you are looking for an alternative to Zerodha.

If your priority is to pick a broker with the lowest brokerage, open an account with 5paisa.

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