If you want to save money by paying low brokerages but do not want to compromise with the quality of service then these 3 Cheapest Stockbrokers in India will be perfect fit for you.
Rest assured that the below mentioned stockbrokers are not only cheapest but they are the best in the broking industry and trust me you can’t get both qualities apart from these stockbrokers in India.
Choosing the right broker for trading is one of the most important steps to be taken, however many people make huge mistakes before finding the right one.
This happens due to the lack of information as well as about the wrong information available on internet, because of this one may choose the worst broker for trading rather then the best one and loose his/her hard earned money.
As there are more than 300+ stock brokers available on playstore today in India, in other words similar number of stockbrokers as per the latest available NSE Data, it is quite a possibility to be selecting the wrong one.
Even the stockbroking companies sometime makes wrong promises and even have hidden charges associated, hence it becomes very important for you to only choose the top ones.
Keep in mind that, If you want your trading and investing journey to smooth and hassle free than do choose from the below list of stockbroker’s as this comparison is only been done after experience the service instead of just plain information.
But before we I tell you the list of 3 cheapest stockbrokers In India In 2025 I would like to tell you what exactly you should look before choosing any stockbroker.
One important aspect to keep in perspective before choosing a stockbroker is not just the mobile trading app but the desktop, downloadable as well as web version should also have great technical and fundamental analysis tools and resources, it should be user friendly, intuitive with ease of placing orders.
Moreover never ever consider just one USP while you choose any stockbroker i.e. to say a best broker is one who has all the services for users such as lower brokerage and other charges, segments (Equity, FnO, Commodity, currency) in which a client trade or invest, Investing opportunities other then stock market such as SIP’s in mutual fund, IPO, NFO, SGB, ETF, Bonds etc.
If you are an option trader than do look for features such as Advanced option chain table, option moneyness data, option Greeks data (Theta, delta, gamma, vega) , Customized option strategy builder, Open interest (OI) data, Put call ratio data, Max pain data, Intrinsic value etc. other than than this very often traders who do not trade with option strategies may incur huge losses, mostly because option strategies are complicated and require complex math’s.
But with latest tool available with these top stock brokers it has solved this problem and made options trading with strategies a lot simpler.
Other then this third party tool integration such as Sensibull, smallcase, Tickertape, Stratzy, Streak, Refinitiv, Sentinel or any inbuilt tools and resources are also to be kept in mind.
Just to let you know it is next to impossible to cover all different services offered by these stock brokers in one post, hence if you want you can read the separate review for any of them on website or the links provided below.
Also, keep in mind the list is hierarchical i.e. the best one at the top and all aggregates of all segments and services has been taken in account while ranking them.
So without any further delay lets us directly move to check who makes in to list of moneycontain 3 cheapest stockbrokers In India In 2025 with best features.
3 Cheapest Stockbrokers In India In 2025 With Best Features:
I will not be able to explain the features in details here as it will become a very long post to cover all of above mentioned stock brokers, but you can check the review and comparison of them by clicking above link.
Stock Broker |
Account Opening Charges |
Annual maintenance Charges (AMC) |
Brokerage Charges |
Free |
Free |
Rs.20 or 0.03% |
|
Free for Limited Time |
Free for Limited Time |
Rs.20 or 0.05% |
|
Zerodha |
Rs.200 |
Rs.300 yearly |
Rs.20 or 0.03% |
Let us discuss all of them above mentioned stockbrokers in brief to know why I choose them at first place.
I find this new discount broker Dhan which is giving tough competition to Zerodha because apart from lower brokerages and free account opening with no AMC honestly it has one of the best web based trading platform I have personally seen and it beats even the Zerodha trading platform due to the various features available under the same page such as technical, advanced option chain data, fundamentals of company, financials etc.
What make them different and currently at the top is dhan have a dedicated option trading app and web version available with custom option strategy builder inbuilt in their trading platform for users.
Dhan has Pre-Built Option Trading Strategies for FREE plus customized Option strategy builder which you won’t be getting at any other broker.
Dhan also gives Margin Trading Facility (MTF) for up to 4X leverage (75% funds) from Dhan for Equity Delivery trading. You can buy 950+ stocks and hold them for unlimited period of time.
Dhan also offers another feature known as WelathBasket, it is a basket of stocks/ETFs, based on a strategy, theme or idea. WealthBaskets are professionally managed and help you invest in Stock Markets in a systematic way.
Dhan have also made tie up with smallcase for making portfolio based investment moreover they do have a stock recommendation tool as well which gives long term investment ideas known as Stratzy.
1Cliq by oipulse is integrated with Dhan which helps fast traders to identify trends especially scalpers. You can have trade execution with pre defined SL, auto Trailing SL, MTM target and stop loss are some of it’s amazing features.
Dhan has also partnered with Tactic who provides Trade Ideas & Strategies of top SEBI registered traders in currently 3 modes – Intraday, Positional & BTST. This feature will greatly help the new as well as experience traders.
Dhan also has Auto-Detection of Candlestick Patterns on Charts on their trading platform which means charts will now automatically recognize & display the names of 37 widely known Candlestick Patterns.
Combine this with dhan other features like 20 Depth Data, Price Alerts, Import Watchlists, etc. you have enough data to help you with your trades.
There are many more features which I won’t be discussing here but the crux of the matter is Zerodha’s top position from last several years had been challenged by Dhan broker for sure and after experiencing their platform I recommend it as my top broker for 2025.
If you want to read the dhan broker complete review in detail explaining each and every features then you can click here.
Open dhan account for free here
Just to let you know that I personally have been using Zerodha since 2013 and everyone knows that they are currently at the top in the Indian broking industry but I have a solid reason of why I am saying that Dhan even beats Zerodha in every aspect.
But before we find out about that let us first know in brief about Dhan Stockbroker.
Dhan Stock broker made their entry in one of the highly competitive broking industry in September 2021. Pravin Jadhav who was also the former Paytm Money CEO is the CEO of Dhan. Dhan is backed by leading investor such as MIRAE ASSET, BEENEXT, BLUME, 3ONE4 CAPITAL, Social Leverage etc.
Dhan is SEBI Registered (INZ000006031) online stock broker offering trading on all exchanges (BSE, NSE, MCX) and across all segments (equity, exchange-traded funds, futures, options, currency, commodities). Dhan have partnered with CDSL for depository services.
The company is registered by the name Moneylicious Securities Private Limited and have corporate office in, Borivali East, Mumbai, Maharashtra.
Let us go ahead and checkout the features dhan has and understand why I am saying it is the best cheapest stockbroker currently in India.
If you want a Safe & Trusted stock market app with Advanced Features, Fast Order Execution, Seamless Charts, Simple UI, and Helpful Customer Support? Dhan share market app has it all. Below I have listed all it’s features in brief.
- Access 4,000+ Scrips and major Indices like Nifty 50, Bank Nifty, FinNifty
- Stock Trading App offers 1,600+ Stocks for Intraday Trading
- MTF with 4x Leverage on 1,000+ Stocks & Unlimited Holding Period
- Create a Basket of Stocks & Place Order in 1-Click
- Daily, Weekly, Monthly SIP in Stocks
- Busy Between 09:15 AM to 3:30 PM? Place After Market Orders
- ₹0 Brokerage on Stock Investing & ₹20 for Intraday Trading
- Buy/Sell Directly from Option Chain
- Get Real-time Payoff Graph, Greeks & Live Trade Volumes
- Advanced Order Types like Trailing Stop Loss, Iceberg, Forever (GTT)
- Get Instant Pledge Margin for Option
- Buying/Selling on 1,500 Stocks
- Buy Options Quickly with Flash Trade
- ₹20 on Options for All Segments
- ₹20 or 0.03% (whichever is lower) on Futures for All Segments
- Choose from 1,000+ Direct Mutual Funds
- Start SIP in Equity, Debt, Hybrid, and Index Funds
- Save Taxes with ELSS Funds
- Find Top Rated Funds Easily on Mutual Funds SIP App
- Add Multiple Funds in Cart and Invest in 1-Click
- Manage Mutual Fund SIP with AutoPay or 1-Tap Top-up
- Pay ZERO Charges for investing mutual funds – Absolutely Free!
- Access to All Stock Market ETFs – Nifty BEES, Gold, Debt, Global
- Daily, Weekly, & Monthly SIP in ETFs
- Pledge ETFs in your Portfolio to get Money for Trading
- MTF with 4X Leverage for Swing Trading ETFs
- Separate ETF Dashboard for Tracking Returns
- ₹0 Brokerage on ETF Investing
- Trade All Currency Pairs: 4 INR & 3 Cross Currency
- Trade All Commodities: Gold, Silver, Crude Oil, Natural Gas etc.
- Trade Currencies & Commodities from Charts
- Pre-Apply for Upcoming IPOs
- Bid for Mainboard & SME IPOs
- Invest in IPO at ₹0 Charges
Special Features Built by Dhan Broker to Solve Problems:
- Trade Options on TradingView.com only via Dhan
- Access & Trade NIFTY, NIFTY BANK, FINNIFTY from Charts
- Set Alerts on Losses and Over Trading with Trader’s Controls
- Evaluate what went right and wrong in your strategy with Traders Diary
- Save your Order and Execute later whenever you want with Draft Order
Apart from normal trading app dhan also have a dedicated option trading platform (Web + App) for a powerful options trading experience designed especially for F&O Traders.
Options Trader by Dhan is one of the best app for F&O trading because of features like:
- Readymade Option Strategies – Fast create and execute popular option strategies like Straddle, Strangle, Iron Condor, and many more with our options app.
- Custom Strategy Builder – Create your own derivative trading strategies and execute them from the same platform. Simple. Convenient. Powerful option strategy builder!
- Options Screener & Scanner – Identify and monitor scrips based on Volume, OI, Trends, Buildup, IV, and more with our option trading analysis app.
- Outlook Based Ideas – Search scrips available for option trading ideas based on Bullish, Bearish, or Netural market outlook.
- Realtime Pay-off Graph – Dhan app for option analysis helps you understand the potential P&L for your strategies before you execute them.
- Dedicated Commodity & Currency Dashboard – If you are Trading Across Segments than you can Manage your positions in separate, dedicated dashboards.
- Forever Order with OCO – Set a target price that stays active on Dhan FnO app until the specified price hits, including OCO for F&O trading.
- Instant Pledge Margin – Pledge shares from your demat account to get more margin for f&o trading within minutes.
- Option Chain – Trade calls and puts directly from the option chain with Greeks and other awesome insights on Dhan option trading app.
- Synced Across All Dhan Platforms – All Dhan platforms are synced in real-time all across Positions, Orders, Basket, Margin & Funds, Portfolio, Charts, Watchlist and Tradebook.
Dhan mobile App have been downloaded on playstore for more than 5 million with a user rating of 4.5 which also shows the trust they have created among users within small time period.
Open a Free Dhan trading/demat account with Zero Annual Maintenance Charges online here
What are the brokerage charges for options trading at Dhan?
The fees and charges on Dhan are always transparent for all segments. For options trading, there is a ₹20 (or 0.03%) charge per order executed in any segment’s options. You can view this and other charges before placing a trade on the Txn Estimator, and afterwards on your Contract Note.
There are no account opening charges as of now with dhan for a limited time period. You can open dhan trading and demat account with zero AMC (Annual Mainenetance Charges).
- ₹0 Demat Account Fees
- ₹0 AMC
- ₹0 Platform Fees
- ₹0 Brokerage for Delivery Trades
- ₹20 per order for Intraday Trades
The second on my list is Upstox because as an stockbroker it has made its place in the Indian stock broking industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.
Moreover apart from trading app Upstox in partner with other financial tech companies provide many other services which are built on these apps, such as Sensibull, Smallcase, Tickertape, Sentinel, etc.
The charges and brokerages are very much reasonable in comparison to other brokers.
The kind of growth Upstox has seen in past couple of year is unprecedented, believe it or not but with same speed they will snatch the no.1 position from zerodha with in a span of less than a year in terms of high active client list.
Reason To Open Upstox Demat & Trading Account?
India’s Highest-Rated Stock Market App with 1.3 Cr+ users and growing 🚀
Looking for a powerful and feature-rich trading platform? Whether you’re a pro trader or a long-term investor, Upstox offers everything you need in one place.
🔁 Modes for Every Type of User
🧠 1. Upstox PRO – For Active Traders
Trade in F&O, Currency, Commodity, and Equity with advanced tools and insights:
🔍 Discover Trades with Ease:
- Option Chain Tool with customizable Greeks, Max Pain, PCR & more
- Smartlists: Top Traded, OI Gainers/Losers, Most Active
- Futures Heatmap: Visualize market trends
- Ready-Made Option Strategies built right into the app
- Currency & Commodity Futures in one platform
📊 Advanced Trade Analysis:
- TradingView + ChartIQ integration with 100+ indicators
- In-depth Open Interest (OI) analysis for indices
- Accurate FII + DII data for smarter decisions
⚙️ Powerful Order Tools:
- Place 20-leg Basket Orders instantly
- Automate risk with GTT + Trailing Stop-Loss
- Margin Pledge: Get up to 90% collateral margin
- 4X Leverage for Equity Delivery
- 5X Intraday Margin on stocks
📈 2. Upstox – For Long-Term Investors
Invest in Stocks, Mutual Funds, ETFs, IPOs, Bonds & more
📌 Stock Investing:
- Browse 5,000+ stocks with curated lists (Top Gainers, Movers, Sector-based)
- Fundamentals: PE ratio, dividend yield, analyst ratings
- Stock SIPs & 365-day limit orders
- 6-point checklist for better decisions
- Easy intraday and delivery trading
📊 Mutual Funds & ETFs:
- 15+ Mutual Fund categories, SIPs from ₹100
- Save more with Direct Plans
- Built-in SIP Return Calculators
- Smart ETF tracking: error, liquidity & more
🪙 Gold & Govt-Backed Investments:
- Sovereign Gold Bonds: 2.5% interest + tax-free maturity
- Access to T-Bills, SDLs, Fixed Income Bonds & NCDs
🚀 IPOs:
- Pre-apply for upcoming IPOs
- Track recently listed IPOs
- Easy UPI payments (GPay, BHIM, etc.)
💼 What Makes Upstox the Best Choice?
- ✅ Limited Time Free Account Opening – Zero AMC, online KYC
- ✅ ₹0 Brokerage on Mutual Funds, IPOs, Gold Bonds
- ✅ Flat ₹20/order on Equity, F&O, Currency & Commodity
- ✅ Access to UpLearn – Learn strategies, trading & more
- ✅ Invest in P2P Lending & Fixed Deposits
- ✅ Tools for every level – from beginner to pro
🏁 Ready to Get Started?
🎯 Open Your Free Demat + Trading Account in Just 5 Minutes!
✅ 100% Online | ⏱ Quick Setup | 💰 ₹0 Opening Fee
Zerodha is in the list due to it’s advanced trading platform, lower brokerage structure, transparency for clients and different third party and in house developed tools and resources integration such as sensibull, smallcase, tickertape, streak, sentinel, Refinitiv etc.
Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.
Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets and with zerodha account you get access to this tools as well.
Incase if you want to find every features offered by Zerodha then do check Zerodha review here.
Keep in mind that while opening account online keep your Pancard, Aadhaar Card and your signature on white piece of paper handy with you.
Also, you will need to take a selfie for the process of KYC process. Your account gets activated within 24-48 hours after submitting the required details and you can start placing trades once you receive the credentials in your email.
Now that you know the list of stockbrokers with 3 cheapest stockbrokers let us know what you can expect from them in trading and investing space apart from being best trading platform.
Some other important technical and fundamental features are listed below which you can get with any of the above discount brokers.
- Universal search tool to find simple and complex stocks.
- Access to NSE/BSE cash, Futures and Options, commodities and Currencies scrips
- Cutting-edge charting tools that are above industry standards
- Japanese Candlestick Charts of multiple intervals, types and drawing styles
- Apply 100+ technical indicators on real-time charts
- Trade directly from charts with the Trade From Charts (TFC) feature
- Checkout Fundamentals of company such as Balance Sheet, Profit/loss statement, RoA, RoCE , Results etc.
- Set unlimited number of price alerts for instant updates
- Option chain, Option Greek Calculator, Option Moneyness, Option Scholes Calculator etc.
- Create unlimited number of customized watchlists
- Different types of orders such as Gtt, Limit order, Market order, Stop-loss order, Basket order etc.
- Receive real-time market feeds to stay on top of your scrips
- Access predefined watch-list of Nifty 50, FINNifty and other indices
- Biometric (fingerprint and Face ID – iOS) 2FA for seamless logins and better security
- Invest in ETF’s, Gold, SIP’s in Mutual Funds, and lot more options such as third party integration smallcase, sensibull, tickertape, streak, Stratzy, Thematic Investment, Swing Trader, Sentinel, Refinitiv, etc.
Open Your Free Dhan Account Here
Open Your Free Upstox Account Here
Conclusion -:
I hope the above list of 3 cheapest stockbrokers have certainly helped you in choosing the right broker for you, Just like in cooking without all ingredients in balance can’t make a dish best, similarly if you are choosing a stock broker for trading and investing you have to look for all the features.
Never opt any discount broker based on just one particular USP, see what all it has apart from that.
All above mentioned stock brokers has made there place in the Indian discount broker industry with their fast and efficient trading platforms, low brokerages charges, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.
So, whether you are a beginner or experienced trader and investor in stock market you should open an account with these stock brokers, now it is up to you to decide and selecting that suits your need.
So go ahead and open the best trading and demat account of your choice.
Having said that Dhan is any day my favorite stock broker while comparing with others.
At last if you are thinking why I did not spoke about margin or leverage with any above stockbrokers, it is because of SEBI Rules on Intraday margin every stockbroker is giving same margin in every segment throughout India, hence this does not matter anymore.
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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.
