What are Zerodha Alternatives? Best Discount Brokers in India

Last Updated: 28-Jan-2021

Short Answer

Look around and you will find plenty of discount brokers in India. A lot of stock broker options! The different alternatives to Zerodha include 5paisa, Samco, Upstox, Groww, Paytm Money, TradeSmartOnline, and Finvasia, etc. In fact, you can get a whole list of discount brokers offering their services in India.

Detailed Answer

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:

  1. 5paisa
  1. Samco
  1. Upstox
  1. TradeSmartOnline
  1. Fyers
  1. Stoxkart
  1. Wisdom Capital
  1. Groww
  1. Paytm Money
  1. Finvasia

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.

Tagged With: discount brokerszerodha alternativeszerodhadiscount brokers india
Categories: Stock Market
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Discussion (6)

Paytm Money is a great alternative to Zerodha Kite. You can directly connect your Paytm Payements Bank Account can make transactions directly from their 4.5/5 rated mobile and web application. Paytm Money also offers transparency and trust!

Upstox is a really good alternative to Zerodha. It has plenty of learning resources to make the whole process easy for the investors. Technically also I have not faced any glitches or issues. Obviously others are good too. But I like Upstox.

Any broker can face technical problems. These are tech based platforms, and when user base increases there can be new issues arising. And, they are trying to fix that up to avoid inconvenience ahead. So, that shouldn't be the deciding factor. You need to consider other important factors while selecting the best stock broker. There are so many of them: A/c opening charges, AMC charges, brokerage etc. Out of this, the most crucial one is how often you wish to use such a platform, occasionally or regularly. I mean you are an active investor/trader or not.

I think Wisdom Capital is a decent stock broker. They might be having franchisees and not the other way round. As far as I know, this discount broker Wisdom Capital was incorporated in 2013 and is doing fine since then.

I like 5paisa, my friend suggested me to open an account there. It is the 2nd largest discount broker in India. I am very satisfied with their overall services. It's a good online platform. I haven't faced any issue in it. It's the quality of services and good experience that matters. Even if there's a nominal charge, that's ok. Free platforms don't always offer the best services altogether. Every day I hear new players entering the market with new stock broking platforms. I don't think they can compete or even survive with these big giants like 5paisa.

Zerodha is good. I like its services. Sometimes, there are minor technical issues. But, my overall experience has been good with them.

Related FAQs
Who is the No.1 Stock Broker in India?

When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.

Which is the best stock broker for beginners in India?

Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.

Which is better Sharekhan vs. Zerodha Stock Broker?

I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.

Is Zerodha better than Interactive Brokers?

Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.

Is Zerodha good for beginners?

Zerodha is the largest stockbroker in India which holds more than 19% of the total market share. It is good for beginners as the account and brokerage charges are low. It offers a great trading platform and has a simple-to-use UI. All these features make it a suitable choice for beginners as well as advanced traders and investors.

Which is best 5paisa vs Zerodha stock broker?

You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.

Why do people prefer Zerodha over other discount brokers in India?

The popularity of Zerodha has grown manifolds in recent times, all thanks to its simple trading tools, low and effective broker charges, Zero opening charges, and an all-round package for investors looking for a reliable and effortless trading platform.

Which is the Best Broker in India for Option Trading?

Zerodha is the best broker for options trading in India because of the minimal per-order charges, advanced tools for technical analysis, features for placing a stop loss, bracket orders, and many more.

Is Zerodha Safe and Reliable Stock Broker for Trading?

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?

Which app is best for option trading in India?

Zerodha Kite is the best app for options trading in India. It is the preferred option among all traders due to its superior features and tools.