India’s Top 7 Stock Broker Brokerage Comparison – Step-By-Step

Indiabulls Shubh Account Opening and Brokerage Charges

Account Opening Charges

Shubh SubscriptionShubh – Online
Account OpeningRs.450Rs. 450
Annual Maintenance
(AMC)
Rs.450Rs. 450

Brokerage Charges

Equity – Delivery00
Equity – Intraday0 (if opted for subscription  plan)Rs.15 per executed order or 0.01% (whichever is lower)
Equity Futures0 (if opted for subscription  plan)Rs.15 per executed order or 0.01% (whichever is lower)
Equity Options (per lot)0 (if opted for subscription  plan)Flat Rs. 15
Currency options0 (if opted for subscription  plan)Flat Rs. 15
Call & Trade0Rs.15

Angel Broking Account Opening and Brokerage Charges

Account Opening Charges

Account OpeningRs. 699
Annual Maintenance (AMC)Free for 1st year
Rs. 450 2nd year onwards 

Brokerage Charges

Equity – DeliveryFlat Rs.15 for order size less than Rs.50,000
Flat Rs.30 for order size greater than Rs.50,000
Equity – IntradayFlat Rs.15 for order size less than Rs.50,000
Flat Rs.30 for order size greater than Rs.50,000
Equity FuturesFlat Rs.30 
Equity Options (per lot)Flat Rs.30 
Currency optionsFlat Rs.30 
Call and TradeRs.20

Zerodha Account Opening and Brokerage Charges

Account Opening Charges

Account OpeningEquity – Rs.300
Commodity – Rs.200
Annual Maintenance (AMC)Rs.300

Brokerage Charges

Equity – Delivery0
Equity – Intraday0.01% or Rs.20/executed order whichever is lower
Equity Futures0.01% or Rs.20/executed order whichever is lower
Equity Options
(per lot)
Flat Rs.20
Currency options0.01% or Rs.20/executed order whichever is lowe
Call & TradeRs.20

Upstox Account Opening and Brokerage Charges

Account Opening Charges

Account OpeningRs.150
Annual Maintenance (AMC)Rs.150

Brokerage Charges

Equity – Delivery0
Equity – IntradayRs.20 per executed order or 0.01% (whichever is lower)
Equity FuturesRs.20 per executed order or 0.01% (whichever is lower)
Equity Options
(per lot)
Flat Rs.20
Currency optionsRs.20 per executed order or 0.01% (whichever is lower)
Call & TradeRs.20

Motilal Oswal Account Opening and Brokerage Charges

Account Opening Charges

Account OpeningFree
Annual Maintenance (AMC)Free for 1st year
Rs. 400 2nd year onwards

Brokerage Charges

Equity – DeliveryFor Margin range of Rs 25,000-49,999 is 40 paisa
For Margin range of Rs 49,999 – 99,999 is 30 paisa
For Margin range of Rs 1,00,000-4,99,999 is 0.25 paisa
Equity – IntradayFor Margin range of Rs 25,000-49,999 is 4 paisa
For Margin range of Rs 49,999 – 99,999 is 3 paisa
For Margin range of Rs 1,00,000-4,99,999 is 0.025 paisa
Equity FuturesMargin Rs. 0 to 24999 0.05% – ( Min 5 Paise ) Margin Rs. 25000 to 49999 – 0.04% (Min 4 Paise)
Margin Rs. 50000 to 99999 – 0.03% (Min 3 Paise)
Margin Rs. 100000 to 299999 – 0.025% (Min 2 Paise)
Margin Rs. 300000 to 499999- 0.02% (Min 2 Paise)
Margin Rs. 500000 – 0.015% (Min 1 Paise)
Equity Options (per lot)Margin Rs. 0 to 24999 0.05% – Rs 100 per lot
Margin Rs. 25000 to 49999 – Rs 75 per lot
Margin Rs. 50000 to 99999 – Rs 70 per lot
Margin Rs. 100000 to 299999 – Rs 50 per lot
Margin Rs. 300000 to 499999- Rs 40 per lot
Margin Rs. 500000 – Rs 25 per lot
Currency optionsMargin Rs. 0 to 24999 0.05% – Rs 100 per lot
Margin Rs. 25000 to 49999 – Rs 75 per lot
Margin Rs. 50000 to 99999 – Rs 70 per lot
Margin Rs. 100000 to 299999 – Rs 50 per lot
Margin Rs. 300000 to 499999- Rs 40 per lot
Margin Rs. 500000 – Rs 25 per lot
Call & TradeFree

IIFL & 5 PAISA Account Opening and Brokerage Charges

Account Opening Charges

IIFL5 Paisa
Account OpeningRs.750Rs.650
Annual MaintenanceRs.400Free for 1st year
Rs.400 2nd year onwards 

Brokerage Charges

IIFL5 Paisa
Equity – Delivery0.50%Rs.10
Equity – Intraday0.05%Rs.10
Equity Futures0.05%Rs.10
Equity Options (per lot)1% of Premium or
Rs.100/- per lot whichever is higher
Rs.10
Currency options1% of Premium or
Rs.100/- per lot whichever is higher
Rs. 10
Call & TradeFreeRs.100

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