# Which is the best stock Brokerage App?

In India, there are many stock brokerage platforms available to you. We hope that our inputs on some of these platforms will help you find one you’re comfortable with

There are two main types of broking services

* Discount Broker
* Full service Broker

## Full service broker

These are the traditional stock brokers which offers other services too like advisor, portfolio management etc. They have both online and offline presence to service you.

## Discount Broker

After the penetration of internet, it became less and less necessary to have a physical location to cater the customer needs. So with reduced staff by not haivng physical customer serivce locations, discount brokers are offering the trade with discounted rate. They also dont provide the research services, portfolio management services etc. to keep the things lean.

Some of them are listed below in alphabetical order.
1. 5Paisa
2. Groww
3. Paytm Money
4. Upstox
5. Zerodha

| | 5Paisa | Groww | Paytm Money | Upstox | Zerodha |
| -------------------------------- | ----------------------------------------------------------------------------------------------------- | ----- | ----------- | ------ | --- |
| **Good For** | - Various trading plan from basic to untra trader pack to cater different customer segments & charges | Single platform for Stocks, direct mutual fund and other asset class investments | Lowest trading charges| Fastest trading platform (15 Seconds) | Technical Analysis & Integration with 'Quant'- for behaviour analysis & fundamental analysis |
| **Bad For** | - User interface is difficult to navigate especially for beginners | No option to currently trade in derivatives (futures & options), commodity, and currency segment. | No NRI Trading | No Good Till Triggered (GTT) or Good Till Cancel (GTC) orders | Only Indian markets are covered |
| **IPO application Possible?** | Yes | Yes | Yes | Yes | Yes |
| **Subscription Plan available?** | Yes | No | No | Yes | No |
| **Charges** | | | | | |
| --- Demat Annual Charges | 300 Rs. | Free | 300 Rs. | 300 Rs. | 300 Rs. |
| --- Equity Delivery | 20 Rs./Order | Rs. 20 or 0.05%/Order (whichever is lower) | Free | Free | Free |
| --- Equity Intraday | 20 Rs./Order | Rs. 20 or 0.05%/Order (whichever is lower) | Rs. 10 or 0.05%/Order (whichever is lower) | Rs. 20 or 0.05%/Order (whichever is lower) | Rs. 20 or 0.03%/Order (whichever is lower) |
| --- Equity Futures | 20 Rs./Order | NA | Rs. 10/Order | Rs. 20 or 0.05%/Order (whichever is lower) | Rs. 20 or 0.03%/Order (whichever is lower) |
| --- Equity Options | 20 Rs./Order | NA | Rs. 10/Order | Rs. 20 / Order | Rs. 20 or 0.03%/Order (whichever is lower) |
| **Fund Transfer Options** | | | | | |
| --- UPI | NA | Immediate / Free | Immediate / Free | NA | Immediate / Free |
| --- Instant payment gateway | NA | Immediate via Net banking / Free | Immediate via Net banking & Debit Card / Free | 22 banks / 7Rs+tax | 25 banks / 9Rs+tax |
| --- NEFT / RTGS | 2-10Hrs / Free | NA | NA | 2-10 Hours / Free | 2-10 Hours / Free |
| --- IMPS | 10 Min. / Free | NA | NA | NA | 10 Min. / Free |
| Cheque | NA | NA | NA | 3-5 Days (250Rs+tax- For dishonored margin cheque) |3-5 Days / 350Rs+tax |
| **Number of accounts** | 0.25 Million | 1 Million | 6 million | 2 million | 4 million |

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#### Note
* As per SEBI stipulation of BSDA, there will not be any annual maintenance charges if your portfolio value is less than 50,000Rs and 100 Rs. if the value is less than 200,000Rs.