Online Brokerage Comparison 2011

online brokerage comparisonOnline Brokerage Comparison in India

Here you will find a table comparing intraday brokerage charges and delivery brokerage charges charged by different online brokers in India : Sharekhan, ICICIdirect, Motilal Oswal, Religare, SBICAP Securities, Angel Broking, 5paisa, Indiabulls, UTI Securities, HDFC Securities, Indiainfoline, Reliance Money. I constantly try to update this table and try to keep it upto date, so if you have any more information, please leave a comment. It is also important that you read the remarks below the table to get a complete picture.

Following is a list of popular online Brokerage firms in India for trading in Indian stock markets using Internet.

Online Broker Brokerage for Delivery Brokerage for Intraday trading MMC*
SBICAP Securities
brokerage charges
0.50% 0.10% NIL
brokerage charges
0.03% - 0.50% 0.03% - 0.10% NIL
Motilal Oswal
brokerage charges
0.30% - 0.50% 0.03% - 0.15%
5 paisa
brokerage charges
0.25% - 0.85% 0.07%
Angel Broking
brokerage charges
0.50% 0.02% - 0.03%
ICICI direct
brokerage charges
0.75% 0.15%
brokerage charges
0.25% - 0.50% 0.05% - 0.10%
HDFC Securities
brokerage charges
0.50% 0.15%
UTI Securities
brokerage charges
0.80% 0.15%
brokerage charges
0.20% - 0.30% 0.02% - 0.03%
Reliance Money
brokerage charges
0.01% 0.01% card system
brokerage charges
brokerage charges
0.50% 0.10% -
MMC=Minimum monthly commitment.

Online Brokerage Comparison of Other Country


Minimum To Open Account

Online Commissions



$2,000 (Varies depending on current promotion. Please see site for details.)

0-149 trades/quarter: $9.99/trade
150+ trades/quarter: $7.99/trade

Power E*TRADE Pro trading platform at no cost if 30 or more trades per quarter with advanced charting




Excellent Research Tools

Discounts available for Active Traders

Excellent Backtesting available

Interactive Brokers


$.005 per share
Minimum Commission $1.00
Maximum Commission: 0.5% of trade plus fees

See website for various commission examples

Many advanced capabilities available




$8.95 flat rate per trade regardless of account balance.




Broker Assisted Trades: $27.00

Free Dow Jones News

TD Ameritrade

Amount varies depending on whether or not you are taking advantage of a promotion or not or whether a margin account is being applied for.


Broker Assisted Trades: $44.99

Additional Benefits for Upgraded "Apex" qualified accounts.


Amount varies depending on whether or not you are taking advantage of a promotion or not or whether a margin account is being applied for.


Typically regular ongoing promotions that vary from time to time. Check website for current offers.



First 500 shares $.01 per share, $.006 per share thereafter.

Or Flat Fees based on monthly trades:
1-9 Trades: $9.99/trade
10-29 Trades: $7.99/trade
30 or More: $6.99/trade

Additional Trading platform Fee of $99.95/month unless you trade 5000 or more shares in the previous month, then $0 Platform fee.

Excellent backtesting and trade automation capabilities.


Broker Assisted Trades are $19.99 per trade.