Zerodha
India's largest stockbroker by client base
4.6/ 5
Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.
Compare Zerodha with others →Broker review
Indiabulls Securities review
₹11 flat per order across every segment
3.6/ 5App: 4.0/5
- Since 2003
- Delivery 2.5% or ₹11 per order
- AMC ₹25 + GST per month
Open an account with Indiabulls SecuritiesCompare Indiabulls Securities →SEBI stockbroker INZ000036136 | Member: NSE, BSE, MCX | DP: NSDL + CDSL | AMFI distributor
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.4
Trading platforms4.0
Customer support3.5
Research & education3.2
Ease of opening4.0
Overview
Rebranded Dhani Stocks: assisted plus DIY broker with the lowest headline flat in the set — ₹11 across equity, F&O, currency and commodity — with algo tools and RM guidance.
Best for: Cost-obsessed all-segment traders wanting one flat plus algo tools.
Pros & cons
What we like
- Cheapest headline flat: ₹11 every segment
- Free opening with no inactivity fees
- Trader toolkit: algo, TradingView, FnO analytics plus RM
Watch out for
- Monthly AMC — the only monthly-billing broker here
- MTF at flat 14% runs steep
- Rebrand history muddies legacy reviews
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- No opening charges✓ Verified 14/9/2026
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- ₹25 + GST per month✓ Verified 14/9/2026
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- 2.5% or ₹11 per order✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- 2.5% or ₹11 per order✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- 2.5% or ₹11 per order✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- 2.5% or ₹11 per order✓ Verified 14/9/2026
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
What you can invest in
- Stocks (delivery)
- ✓ Yes
- Intraday
- ✓ Yes
- Futures & options
- ✓ Yes
- Mutual funds
- ✓ Yes
- IPOIPO + MF distribution
- ✓ Yes
- US stocks
- —
- Trading APIIB Algo + no-code automation
- ✓ Yes
Platforms & features
platforms
- Mobile app✓ · Indiabulls Securities: Stocks app
investing
- IPO investing✓ · IPO + MF distribution
trading
- Charting✓ · TradingView + option analytics
- Trading API✓ · IB Algo + no-code automation
research
- Research & advisory✓ · RM-assisted model
Support & company
Customer support
Support channels not yet listed — check the broker's contact page.
Company facts
- Founded
- 2003
- Regulation
- SEBI stockbroker INZ000036136 | Member: NSE, BSE, MCX | DP: NSDL + CDSL | AMFI distributor
Lowest flat on paper; net benefit depends on monthly AMC and MTF versus your volume.
How to open a Indiabulls Securities account
Start your application
Open the Indiabulls Securities signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.