Ajay Bohra
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There is no single best demat account or trading app for everyone. On verified charges, Zerodha and Dhan charge ₹0 delivery brokerage among the eight popular apps compared here; Fyers, Groww and Angel One charge the lower of ₹20 or a percentage; Upstox, 5paisa and mStock charge ₹10 to ₹20 per delivery order; and mStock charges a flat ₹10 per order on every segment. Statutory charges are the same at every broker, so the choice comes down to brokerage, AMC, DP charges and whether the app suits how you trade.
Last updated: November 2026
This guide compares eight popular Indian trading apps on published charges, which we checked on each broker’s official pricing page between 18 October and 8 November 2026. To pick an account by how you trade (SIP, swing, intraday, F&O or algo) and see estimated yearly costs for 18 brokers, use the demat account finder.
Charges at a glance: 8 popular trading apps
| Broker | Equity delivery | Intraday | Options | Demat AMC | DP charge per sell |
|---|---|---|---|---|---|
| Zerodha | ₹0 | Lower of ₹20 or 0.03% | ₹20 per order | ₹0 in year one, then ₹300 + GST a year | ₹15.34 |
| Dhan | ₹0 | Lower of ₹20 or 0.03% | ₹20 per order | ₹0 | ₹14.75 |
| Fyers | Lower of ₹20 or 0.3% | Lower of ₹20 or 0.03% | ₹20 per order | ₹0 | ₹14.75 |
| mStock | ₹10 per order | ₹10 per order | ₹10 per order | ₹0 | ₹21.24 |
| 5paisa | ₹20 per order | ₹20 per order | ₹20 per order | ₹25 a month + GST for some BSDA clients | ₹15.34 |
| Groww | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | ₹20 per order | ₹0 | ₹23.60 |
| Upstox | ₹20 per order | Lower of ₹20 or 0.1% | ₹20 per order | ₹0 in year one, then ₹300 + GST a year | ₹23.60 |
| Angel One | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% | ₹20 per order | ₹0 in year one, then ₹20 + GST a month | ₹23.60 |
Brokerage is per executed order. DP charge is per stock sold in a day, shown with GST where the broker states it. Rates change, so confirm on the broker’s own page before you open an account.
What a trade costs in total: three worked examples
| Broker | Delivery buy and sell ₹1,00,000 | Intraday buy and sell ₹1,00,000 | Options buy ₹50,000, sell ₹60,000 |
|---|---|---|---|
| Zerodha | ₹237.82 | ₹82.68 | ₹184.95 |
| Dhan | ₹237.23 | ₹82.68 | ₹184.95 |
| Fyers | ₹284.43 | ₹82.68 | ₹184.95 |
| mStock | ₹267.32 | ₹59.08 | ₹161.35 |
| 5paisa | ₹285.02 | ₹82.68 | ₹184.95 |
| Groww | ₹293.28 | ₹82.68 | ₹184.95 |
| Upstox | ₹293.28 | ₹82.68 | ₹184.95 |
| Angel One | ₹293.28 | ₹82.68 | ₹184.95 |
Each figure adds brokerage, STT, exchange charges, SEBI fee, stamp duty, GST and, on the delivery sale, the DP charge. The statutory part is identical at every broker, so the gaps come from brokerage and DP. Each broker’s own page shows the line-by-line working. To test your own numbers, use the brokerage calculator.
What “zero commission” does and does not cover
- Delivery brokerage is ₹0 at Zerodha and Dhan only, and even there you still pay STT, exchange charges, stamp duty, SEBI fees, GST and a DP charge when you sell.
- Intraday and F&O are not free at any of the eight: expect about ₹20 per order, or ₹10 at mStock.
- Other charges apply: AMC after year one at some brokers, call-and-trade fees, pledge charges, auto square-off and MTF interest.
How to choose a demat account and trading app
- Start with how you trade. A buy-and-hold investor mostly pays AMC and DP charges; an intraday or options trader mostly pays per-order brokerage and statutory charges.
- Check the app itself. Open the Play Store and App Store listings, read recent reviews for lag and login problems, and try the order screen before you fund an account. App-store ratings differ by platform and change, so we show them with dates on each broker review rather than here.
- Check the regulator record. Look up the broker’s SEBI registration and exchange membership; our Is Dhan safe? page shows how.
- Compare the full yearly cost with the broker cost optimizer, not one headline fee.
- Read support and platform limits in the broker review: segments offered, API access, charting, and how account closure works.
Where to go next
- By trading style, with yearly cost estimates: demat account finder.
- Options and futures: lowest brokerage for F&O and algo trading brokers.
- Low AMC: zero AMC demat accounts. IPOs: demat accounts for IPO.
- Full lists: broker reviews, comparisons and charges and guides.
FAQs
Which is the best demat account in India?
There is no single best. Among eight popular apps, Zerodha and Dhan charge ₹0 delivery brokerage, and the cheapest overall depends on how you trade. Use the demat account finder to see estimated yearly costs by trading style.
Which trading app has zero brokerage?
On equity delivery, Zerodha and Dhan list ₹0. No app among the eight is free for intraday or options. STT, exchange charges, GST and DP charges still apply to every trade.
Which demat account has no AMC?
Dhan, Fyers, Groww and mStock list ₹0 AMC for individual accounts. Zerodha, Upstox and Angel One are ₹0 in year one and then charge, and 5paisa lists ₹25 a month for some BSDA clients. Check conditions on the broker’s page.
Is it safe to open an account with a discount broker?
Check that the broker is registered with SEBI, is an exchange member and a depository participant, and that your shares sit in your own demat account. Registration does not remove market risk.
Can I use more than one trading app?
Yes. Many investors keep one account for long-term holdings and another for trading. Each account has its own AMC and DP charges, so count them.
How much money do I need to start?
There is no minimum to open most accounts, and you can buy a single share. Brokerage, STT and DP charges are small on small trades but can be large relative to the amount, so test your order size in the brokerage calculator.
Sources
Pages read in November 2026: zerodha.com/charges; dhan.co/pricing; fyers.in/charges-list; mstock.com/pricing; 5paisa.com/pricing; groww.in/pricing; upstox.com/brokerage-charges; angelone.in charges.
Dhan can change processes and policies at any time, so confirm on Dhan before you act. This page is for information only, not investment advice.
Not sure which broker fits how you trade? Try the demat account finder to compare 18 brokers by profile.
