Investing in the stock market has never been easier, thanks to a range of user-friendly stockbroking apps. For new investors or those looking to minimise upfront costs, choosing a platform with zero account opening fees can be a smart move. Here’s a roundup of some of the best stockbroking apps that allow you to start investing without paying any account opening charges.
Best Stock broking App With Zero Account Opening Fees
Dhan
Dhan is one of the newer entrants in India’s discount broking space that has quickly built a loyal user base of over 1 million active users. The platform offers zero account opening charges for its demat and trading accounts, and also comes with zero annual maintenance charges (AMC). Equity delivery trades are completely free on Dhan, while F&O and commodity trades are charged at a flat ₹20 per executed order.
Dhan offers a wide product range within a single app, including equities, F&O, commodities, currencies, direct mutual funds, ETFs, and IPOs. For more advanced traders, Dhan also provides DEXT T3, a professional-grade desktop trading terminal, along with a dedicated Options Trader app with built-in strategy tools.
With zero account opening fees, zero AMC, and a clean, fast interface, Dhan is a robust option for both new investors looking to keep costs low and active traders who want access to more advanced tools as they grow.
Groww
Groww is India’s No. 1 stockbroker and has become one of the most popular investment and trading apps in India. The platform offers zero account opening charges for its demat and trading account. The best part is that Groww also offers zero lifetime annual maintenance charges (AMC), which many brokers don’t. This means you don’t have to pay any charges for maintaining your demat account.
The app features a clean, intuitive interface that makes investing and trading simple for everyone.
Users can invest in direct mutual funds, IPOs, ETFs, NFOs, bonds, and digital gold (gold ETFs and gold mutual funds) and trade in equities, F&O, commodities, intraday, and even API-based strategies, all within a single platform. For high-volume and professional traders, Groww also offers 915 by Groww, a standalone web-based trading terminal designed to provide an institutional-grade trading experience.
With transparent fees, no hidden charges, and a user-friendly design, Groww is ideal for long-term investors and active traders alike who want a low-cost, hassle-free investment journey.
Upstox
Upstox PRO is another stockbroking app with zero account opening charges. It provides a smooth and intuitive user experience, making it suitable for active traders. Equity delivery trades are low-cost, while intraday and F&O trades have a flat fee per order.
Upstox also offers robust tools and features, giving traders the ability to analyse markets and execute trades efficiently.
Zerodha
Zerodha offers free account opening but levies ₹300 per year for annual maintenance charges (AMC). Its intraday and F&O trades incur a flat fee, and it is a good platform for trading and investing.
Angel One
Formerly known as Angel Broking, Angel One allows investors to open a demat and trading account for free. The app is well-suited for those seeking a mix of DIY investing and advisory support.
Equity delivery trades are often free, while intraday and F&O trades carry modest charges. Angel One also provides curated investment recommendations, research tools, and a portfolio tracking feature.
Shoonya by Finvasia
Last but not the least, Shoonya stands out for offering zero account opening fees and zero annual maintenance charges, making it one of the most cost-effective platforms for cost-conscious investors.
While it may not have as many advanced trading tools as some competitors, Shoonya is perfect for casual investors who want a simple, no-frills platform to trade stocks, mutual funds, and participate in IPOs.
Conclusion
Even when account opening is free, it’s important to be aware of other charges such as AMC, broking fees for intraday or F&O trades, and transaction fees. Carefully evaluating these costs against your trading style can help you pick the most suitable app.
Starting your investment journey doesn’t have to be expensive. With these stockbroking apps offering zero account opening fees, you can begin investing without upfront costs while enjoying reliable platforms and useful tools to grow your portfolio.
