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
Share.Market review
PhonePe's broking arm: nil AMC, ₹10 F&O
4.1/ 5App: 4.2/5
- Since 2023
- Delivery ₹20 or 0.1% per order (min ₹2)
- AMC Nil (regular + BSDA)
Open an account with Share.MarketCompare Share.Market →SEBI stockbroker INZ000302639 | Member: NSE, BSE | DP: CDSL | AMFI-registered MF distributor
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.4
Trading platforms4.2
Customer support3.8
Research & education4.0
Ease of opening4.5
Overview
PhonePe Wealth Broking's Share.Market offers stocks, ETFs, F&O, WealthBaskets, mutual funds and IPOs with flat capped pricing and nil AMC.
Best for: PhonePe users wanting low flat brokerage with research baskets.
Pros & cons
What we like
- Nil account opening plus nil AMC
- Low flat caps: ₹20 equity and ₹10 F&O
- WealthBaskets plus MF distribution and TradingView
Watch out for
- ₹10 F&O slab confirmed for newer accounts — check your vintage
- Ancillaries add up: RMS, call-and-trade, transfers
- One demat plus trading account per PAN only
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- ₹0 (free)✓ 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.
- Nil (regular + BSDA)✓ 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.
- ₹20 or 0.1% per order (min ₹2)✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- ₹20 or 0.1% per order (min ₹2)✓ Verified 14/9/2026
- DP charge (sell)Charged when shares leave your demat on a sell (delivery). Goes mostly to the depository, not the broker.
- ₹18.50 per sell (incl CDSL ₹3.25)✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹10 per order✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹10 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
- IPOApply via app
- ✓ Yes
- US stocks
- —
- Trading API
- —
Platforms & features
platforms
- Mobile app✓ · Share.Market app (Android + iOS)
- Web platform✓ · share.market
investing
- IPO investing✓ · Apply via app
trading
- Charting✓ · TradingView integration
research
- Research & advisory✓ · WealthBaskets + research
support
- Customer support✓ · Email helpdesk
Support & company
Customer support
Email helpdesk
Company facts
- Founded
- 2023
- Regulation
- SEBI stockbroker INZ000302639 | Member: NSE, BSE | DP: CDSL | AMFI-registered MF distributor
A strong low-cost full-stack option with genuinely free AMC; confirm your F&O slab before comparing.
How to open a Share.Market account
Start your application
Open the Share.Market 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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Beginner-friendly investing super-app
4.5/ 5
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Upstox
Low-cost broker with fast trading tools
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Best for: Mobile-first traders and developers who use trading APIs.
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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.