Best Discount Stock Brokers in Mumbai


Low Brokerage Trading Account in Mumbai | Discount brokers in Mumbai

Are you looking for Discount Brokerage or lowest commission best broker in Mumbai then you land up at right place. Here will try to simplified meaning of discount broking and help you in comparison between Discount Brokers and Full-Service Broker. So, let’s Start…

In 2010 discount broker concept lunched in India. Discount Broking is concept comes in limelight when usage of internet increased in India. Mumbai is Hub for Broking business from decades.

Zero Brokerage Demat Account

Top 10 Stock Brokers in Mumbai

There are many share brokers in Mumbai. Investallign the best stock broker presents a list of top 10 stock brokers in Mumbai. If you are looking for top 10 stock broking companies then your search ends here.

Angel Broking

Angel Broking company is HQ located in Mumbai but also spread far and wide having branches in around 900 cities in India, 8000 sub brokers and 1 million clients. The broker provides NRI services to its 800 k + retail NRI clients across 143 nations and territories.

Shilpa Stock Broker Pvt. Ltd.

Shilpa Stock Broker Pvt. Ltd. is engaged in client based business and proprietary trading as well. It has a team of highly skilled and intellectual staff, specialized in various segments, to help you in any kind. The conglomeration of dedicated sub-brokers, reasoned analysts, research advisors, commodity watchers, sector pundits, stock gurus will take care of all your expectations.


ProStocks, a Sunlight Broking LLP venture, is a leading online brokerage firm allowing customers to invest and trade in stocks listed in Indian Stock Market. Customers can trade at BSE and NSE in segments including Equity Cash, Equity Derivatives, Currency Derivatives and Depository Services. We intend to start Mutual Fund Services soon.

Bonanza Portfolio Limited

Bonanza has spread its trustworthy expertise all over the country with pan-India presence across more than 1784 outlets spread across 560 cities. With a smorgasbord of services across all verticals in finance, Bonanza offers you the perfect blend of financial services right from Equity Broking, Advisory Services that cover Portfolio Management Services, Mutual Fund Investments and Insurance to exceptional Depository Services.


Zerodha is Pioneer in discount broker concept in India. Zerodha started his Broking business with Discount brokerage module where charges of brokerage are same for all clients whether they are big HNI client or small investor like student or housewife.

Samco Securities Ltd

SAMCO Ventures Private Limited was incorporated in March 2015. The company was founded by Jimeet Modi who is currently the CEO of the company. It acquired Samruddhi Stock Brokers Limited and re-branded it to SAMCO Securities. In May 2015, SAMCO launched the country’s first capital market league, Indian Trading League.

Wellworth Share And Stock Broking Ltd.

Wellworth Share and Stock Broking Ltd started its operations in the 1999 and is one of the reputed CRISIL graded brokerage house. WSSBL provides all investment related services to various categories of investors on PAN India basis through both offline and online channels.

Swastika Investmart Ltd.

Swastika Investmart Ltd., a public limited company, was incorporated in 1992 with its registered office in Mumbai and administrative office at Indore (M.P.). It is promoted by Mr. Sunil Nyati belonging to the Swastika group of Rajasthan, engaged in diversified business since 1959.

Kotak Securities Limited

Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group. Kotak Securities Limited is a financial services company. Its major business comes from stock brokerage service for investors and traders.

Way2Wealth Brokers Pvt Ltd

Way2Wealth is an Investments Consultancy Firm known for making investing simpler and more profitable for investors. It offer a wide range of products & services under one roof, for the convenience and benefit of customers.

Why ZERODHA as Share Broking Firm in Mumbai?

  • 60-day-challenge – If you are profitable trader Brokerage refunded.
  • PI – write, backtest and go live on Technical Analysis strategies for free
  • Zerodha Varsity – knowledge university for novice to professional trader and investor
  • T+0 settlement on NSE and no additional margin on MCX — lowest overnight margin requirement
  • Debt free, profitable, and QOQ growth from day one (37 cr. revenue in 2013-14 and 70 cr. in 2014-15)

Our Zerodha Navi Mumbai Branch/Office:

G 172 Ground Floor Corporate Wing,
Haware Fantasia Business Park,
Sec 30A Next to Inorbit Mall,
Vashi Railway Station Navi Mumbai

Contact No: 8655212020, (022)-69492020
Email id: [email protected]

Why Investallign?

Investallign Offer Lowest Brokerage Trading Account with association with Zerodha – India’s Leading stock Brokering firm & Best Discount Broker.

  • Business Partner with more then 20,000 client’s happy smiles
  • Mumbai, Delhi, Ahmedabad, Rajkot, Surat Branch Office
  • Call N Trade Support for all Investallign Clients
  • Regional language Support Team
  • Highest Standard and Proficient 50+ Emp Customer Care Centre
  • Daily Market update on Mail – Mobile
  • Regular update and Software Trading from Staff.
  • Open Account Open in 10 Mins.
  • SEBI register Investment Advisor ( Applied )

Compare other share brokers in Mumbai with Zerodha

Discount Broker? – everyone have one question what are discount broker and how they differ from full service broker in India. The discount broker is where broker charge low brokerage compare to full service broker.

Thanks to Easy and cost-effective internet connectivity in India. Discount Broking concept growing rapidly in last 5 yrs. Traditional Broker Charged high brokerage commission before discount broking structure. Thanks to Discount Broking & Internet Connectivity in India Now everyone can have access of stock market and commodity market.

They are SEBI register? — Yes, all discount brokers in india are SEBI register broker. Most of these discount brokers follows strict risk management policy and Exchange guidelines. SEBI rules and regulation are same for both – Discount Brokers or Traditional full-service broker so its safe to deal with Discount Brokers.


Zerodha Pricing

  • Free delivery brokerage and Rs 20 or .01% whichever is lower executed order.
  • Cheapest Demat Account in Industry
  • 100% transparent Same pricing for all segment(Equity, F&O, Currency, and Commodity on NSE, BSE, MCX-SX and MCX)
  • No Commitment upfront fee or turnover commitment.
  • Same brokerage for all penny stockor No minimum contract charge.
  • India’s 1st Broker with ZerodhaBrokerage Calculator to help you calculate all charges upfront before trade.

Zerodha Support

  • Z-Connect, interactive blog and portal for all your queries.
  • Over 4,00,000 happy customers Community with averaging a daily turnover of over Rs10000 crore.
  • No Sales target or Brokerage Target for Relationship Managers,
  • 20+ State Presence more then 500 + dedicated support team to ensure the fastest turnaround time on email or phone.
  • India’s 1st Associate Programme for Client Zerodha Associate Program: Refer a friend – earn for a lifetime

Zerodha Platform & Technology

  • Kite , Pi – best trading Platform
  • Trading, charting, and analysis, all rolled into one next generation desktop platform
  • Kite Mobile – Android and IOS with charting support
  • Innovative and unique trading tools – SPAN Calculator, Bracket orders & Trailing Stoploss, algoZ etc
  • Amongst few brokerages with multi-datacenter disaster management infrastructure for safety,speed, and reliability.
  • Q & Quant, the next generation backoffice, reporting tools

We are happy to answer you about your queries. We’re available from Monday to Friday, 09:30-19:00 to take your call. – 07940325797 / 08866502020.

Zerodha : Branch Offices in India

Zerodha New Delhi Zerodha Ahmedabad Zerodha Rajkot Zerodha Bangalore
Zerodha Chennai Zerodha Hyderabad Zerodha Jaipur Zerodha Pune

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