BrokerWisely
Educational · Not investment advice

Step 1 · Explore

Try every stock broker's app.
See every hidden charge.
Then choose wisely.

BrokerWisely lets you place a real-feeling trade inside each Indian stock broker's app, as a safe simulation, and shows you exactly what a trade and a demat account cost before you open one.

New to investing?

Start where you are

Pick the one thing you are trying to do. Each path opens a tool that shows you the real numbers, in plain English. Nothing here is advice, and we never tell you what to buy.

Learn the basics: myths vs facts →

Open your first account

Compare what each stock broker charges, then follow a simple checklist to open a demat account.

Demat account: The account that holds your shares in electronic form. You also need a linked trading account to place orders.Brokerage: The stock broker's own fee for running your order. Many charge zero on delivery, but government charges still apply. Glossary →

Understand what a fund really costs

See how a Regular plan's higher cost quietly widens into a large gap versus the same fund's Direct plan over the years.

Expense ratio: The yearly percentage a fund charges to manage your money. A small difference compounds into a big gap over time.

Follow IPOs the honest way

Track upcoming IPOs and what applying, allotment and selling on listing day actually involve, without the hype.

GMP (grey market premium): An unofficial, unregulated price some traders quote before listing. It is a rumour about sentiment, not a promise of any gain.

What do you want to invest in?

How BrokerWisely works

1
Explore

Pick a segment and an instrument to test-drive.

2
Experience

Place a full buy → hold → sell trade inside each broker's app.

3
Compare

See the same trade on all five brokers, side by side. No winner crowned. You decide.

Zerodha · DeliveryRELIANCE · 10 shares · a real example
Total charges₹47.40
  • STT₹28.85
  • Exchange transaction₹0.89
  • SEBI turnover₹0.03
  • Stamp duty₹2.13
  • DP charge (incl. GST)₹15.34
  • GST (18%)₹0.16
  • Brokerage₹0Free
  • 🔒 Educational, never investment advice
  • 📅 Rates verified 13 Jul 2026
  • 🏦 5 brokers, 4 segments

Five stock brokers, one honest yardstick

Questions people ask before choosing a stock broker

What charges do I pay when I buy or sell a stock in India?

Every trade has a few layers. First your stock broker's own brokerage, then statutory charges the broker cannot waive: Securities Transaction Tax (STT), the exchange transaction charge, the SEBI turnover fee, stamp duty on the buy side, 18% GST, and a DP charge when you sell delivery shares. On a small delivery trade the statutory charges often add up to more than the brokerage itself.

Which is the cheapest stock broker in India?

It depends on how you trade. Most discount brokers charge zero on equity delivery and a flat ₹20 (or 0.03%, whichever is lower) on intraday and F&O, but they differ on AMC, DP charges and account-opening fees. There is no single cheapest stock broker for everyone, so use the Compare page to run your exact trade across all five and see the real numbers.

What is a demat account and do I need one?

A demat account holds your shares in electronic form, and a linked trading account lets you place orders. You need both to buy or sell stocks on the NSE or BSE. Opening one is free with several stock brokers, though some charge a yearly account maintenance fee (AMC).

Is BrokerWisely a stock broker or an advisory service?

Neither. BrokerWisely is an educational cost-comparison tool. It is not a stock broker, it is not a SEBI-registered adviser, and it never gives stock tips or buy, sell or hold recommendations. It only shows you, factually, what each broker charges so you can choose the account that fits how you invest.

Are these the real broker apps?

No. Each simulation is an original, training-only recreation of how a stock broker's app looks and feels, so you can get a sense of it before you commit. It is not the real app and is not affiliated with the broker. We use each broker's colour and real terminology only so the experience feels familiar.

What is the difference between Direct and Regular mutual funds?

It is the same fund with the same manager. A Regular plan carries a higher expense ratio, which quietly compounds into a large gap over the years. A Direct plan has a lower expense ratio, so more of your money stays invested. The Mutual Funds page shows the gap on your own numbers.

How long does it take to open a demat account?

Most accounts open online within a few hours to about 48 hours after you e-sign with your Aadhaar. You mainly need your PAN, Aadhaar, a bank proof and a photo. The account-opening checklist lists everything and the step-by-step process.