Broker Comparison
Compare and choose the best brokers for applying to IPOs
Top Brokers for IPO Applications
Detailed Broker Comparison
| Feature | Zerodha | Angel One | Upstox | Dhan |
|---|---|---|---|---|
| Account Opening Fee | Free | Free | Free | Free |
| Annual Maintenance | ₹300 | ₹240 | Free | ₹499 |
| Equity Delivery | Free | Free | 2.5% | Free |
| Equity Intraday | 0.03% or ₹20/order | 0.03% or ₹20/order | 0.05% | 0.04% |
| F&O | ₹20/order | ₹20/order | ₹20/order | ₹20/order |
| IPO Application | Free | Free | Free | Free |
| Trading Platforms | Kite, Console | Angel One Mobile, Web | Upstox Pro | Dhan App |
| Customer Support | Email, Ticket | Phone, Email, Chat | Phone, Email | Phone, Email, Chat |
How to Choose the Right Broker for IPO Applications
When choosing a broker for IPO applications, consider the following factors:
1. Reliability of IPO Application Process
Ensure the broker has a reliable and user-friendly IPO application process. The platform should be stable during peak IPO application periods and provide clear status updates.
2. UPI Integration
Check if the broker offers seamless UPI integration for IPO applications, as this is now the standard method for retail investors to apply for IPOs.
3. Fees and Charges
While most brokers offer free IPO applications, compare other fees like account opening, maintenance, and trading charges that might affect your overall investment strategy.
4. Customer Support
Good customer support is crucial, especially for resolving issues during time-sensitive IPO application windows.
5. Additional Features
Some brokers offer additional features like IPO funding, pre-IPO investments, or detailed IPO analysis that might be valuable to you.
6. User Experience
The broker's platform should be intuitive and easy to navigate, especially for first-time IPO applicants.