Zerodha Alternatives: Best Discount brokers in India
Ishu last edited by Ishu
Zerodha ranks quite high in the list of discount brokers in India. Zerodha has increased its customer base to a large extent in the past few years.
Discount brokers in India have gained massive popularity owing to low brokerage, their simple process and useful services.
There are a whole lot of discount brokers in India, the true competitors of Zerodha. We can simply call them as Zerodha alternatives:
There is a very thin line of margin in the discount broking business. What matters is the technology driven platforms with adequate and timely customer support. The discount broker that can offer this combo of user friendly software/app plus great customer service shall emerge to be the winner.
Which Zerodha alternatives come to your mind? Any discount broker's name that you want to add, share your valuable experiences.
Mandip last edited by
@ishu Zerodha is good. I like its services. Sometimes, there are minor technical issues. But, my overall experience has been good with them.
A Former User last edited by
There are a number of discount brokers in India. Zerodha is a popular one. Thanks for sharing different alternatives.
Ishu last edited by
Hi, Yes I too like Zerodha, they offer great services. I haven't face any technical issues as such. Might be some site maintenance going on at sometime. But, they have quite handy tools and app to support you in having a good investing and trading experience.
Ramesh last edited by
Hi, I have heard about 5paisa from my friends. I am confused which one to go for: Zerodha vs 5paisa. Which one is better? I am looking for a low fee account to invest some money.
Jashan last edited by
You can try sasonline as well. It is one of the best discount brokers and has a very nominal fees. However, if you are doing only delivery trades, noone beats zerodha still, everyone charges for delivery except Zerodha
Jatin last edited by
Why not try something like Groww which has got both the direct funds as well as advise built into the product ?
UniQueme last edited by ftForumMod
I think you should also add Finvasia in your list.
The broker is giving tough competition to all discount brokers with its unbeatable pricing model. They have zero brokerage across all the segments.Trading platform is highly stable and doesn’t hang or freezes every second day like zerodha. Customer support team is highly responsive.
Rishabh last edited by
@UniQueme I haven't heard about this broker. Is it a new one? My friends usually discuss about Zerodha only. In fact, I was also thinking to open a demat account with them. But, I am confused. Which one to prefer? I mean, I am looking for a low brokerage account.
Arun Kaushal last edited by ftForumMod
@UniQueme I think 5paisa is a better discount broker. I opened my account sometime back. But, now they have a quick account opening process. I referred it to my friend. And, the account was opened in just 2 days. The process is entirely online. I really liked such a fast process. No need to go and submit documents, you can e-sign and just get it done online. Also, you can trade @ Rs.10/order only. I personally like their services. What do you think? You can consider this too.