Free Mirae Asset Sharekhan alternatives: 5 apps ranked by verified data

Facts checked Nov 8, 2026AppBreakup editorialHow we rank

5 of the 6 Mirae Asset Sharekhan alternatives we track can be used for free (free, open source, or with a free plan). Motilal Oswal, Zerodha Kite and Angel One rank highest, with facts last verified Nov 8, 2026.

Quick comparison

#	App	Pricing	Verified price	Open source	Platforms	Verified facts	Score
1	Motilal Oswal	Free plan + paid	—	No	Web, iOS, Android	5 of 5	68.8
2	Zerodha Kite	Free plan + paid	—	No	Web, Android, iOS	8 of 8	61.8
3	Angel One	Free plan + paid	Lower of ₹20 or 0.1% per executed equity order	No	Web, Android, iOS	9 of 9	59.4
4	Upstox	Free plan + paid	—	No	Web, Android, iOS	7 of 7	57.5
5	Dhan	Free plan + paid	—	No	Web, Android, iOS	10 of 10	55.9

1. Motilal OswalTop pick
Best for: Indian investors who want research calls and a personal advisor alongside their trading account
Free plan + paidWeb, iOS, Android
68.8
score / 100
Why switch from Mirae Asset Sharekhan
Another research-heavy full-service broker with advisors and a big branch network.
Pros
Daily research recommendations for intraday, options and long-term picks
Wide product range, from stocks and F&O to PMS, bonds and US stocks
Large branch and advisor network for in-person help
Free account opening
Cons
Brokerage is usually higher than at discount brokers like Zerodha or Groww
Research-led selling and advisor calls won't suit purely self-directed traders
Pricing depends on the plan and is harder to compare than a flat fee
Visit Motilal Oswal Details and reviews
How this score is calculated
Editorial fit ×0.3100
Reviews ×0.363
Clicks (90 days) ×0.150
Freshness ×0.15100
Votes ×0.150
0 counted reviews, 0 up and 0 down votes. Full formula
Is Motilal Oswal a good Mirae Asset Sharekhan alternative?
Verified facts
5 of 5 verified
Founded
1987
Checked Nov 8, 2026motilaloswal.com(opens source in a new tab)
Account opening
₹0
Checked Nov 8, 2026motilaloswal.com(opens source in a new tab)
AMC
₹0 for the first year
Checked Nov 8, 2026motilaloswal.com(opens source in a new tab)
Branches
2,500+
Checked Nov 8, 2026motilaloswal.com(opens source in a new tab)
Customers
40 lakh+
Checked Nov 8, 2026motilaloswal.com(opens source in a new tab)
2. Zerodha Kite
Best for: Self-directed Indian investors and active traders who want low, flat fees and a clean charting app
Free plan + paidWeb, Android, iOS
61.8
score / 100
Why switch from Mirae Asset Sharekhan
Much cheaper flat-fee trading and a clean app for traders who don't need research or branches.
Pros
No brokerage on equity delivery trades or direct mutual funds
Flat ₹20 cap per intraday or F&O order
Detailed charts, 20-level market depth and GTT orders
Free Varsity courses and a public trading API
Cons
Annual demat maintenance charge after the first year for many accounts
No research reports or stock recommendations
Mutual funds live in a separate Coin app rather than inside Kite
Visit Zerodha Kite Details and reviews
How this score is calculated
Editorial fit ×0.377
Reviews ×0.363
Clicks (90 days) ×0.150
Freshness ×0.15100
Votes ×0.150
0 counted reviews, 0 up and 0 down votes. Full formula
Is Zerodha Kite a good Mirae Asset Sharekhan alternative?
Verified facts
8 of 8 verified
Equity delivery brokerage
₹0
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Intraday and F&O brokerage
₹20 or 0.03% per order, whichever is lower
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Account opening
Free for individual accounts
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Market depth
20 levels (level 3 data)
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Founded
2010
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Intraday brokerage
₹20 or 0.03% per executed order, whichever is lower
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Options brokerage
Flat ₹20 per executed order
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
Demat AMC
₹300 a year + GST (non-BSDA accounts)
Checked Nov 8, 2026zerodha.com(opens source in a new tab)
3. Angel One
Best for: Indian investors who want research and recommendations along with a low-cost trading app
Free plan + paidWeb, Android, iOS
59.4
score / 100
Why switch from Mirae Asset Sharekhan
Low flat brokerage while keeping research reports and a wide partner network.
Pros
Free account opening and no maintenance charge in year one
Research reports and stock recommendations included
No commission on mutual funds and IPO applications
Cons
Free brokerage lasts only 30 days, then per-order fees apply
Recommendations and promotions can be pushy for self-directed investors
Maintenance charge applies after the first year
Visit Angel One Details and reviews
How this score is calculated
Editorial fit ×0.369
Reviews ×0.363
Clicks (90 days) ×0.150
Freshness ×0.15100
Votes ×0.150
0 counted reviews, 0 up and 0 down votes. Full formula
Is Angel One a good Mirae Asset Sharekhan alternative?
Verified facts
9 of 9 verified
Account opening
₹0
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Introductory brokerage
₹0 for the first 30 days, up to ₹500
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Mutual funds and IPOs
₹0 commission
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Registered users
3.8 crore+
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Digital since
2019
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Starting price
Lower of ₹20 or 0.1% per executed equity order
Checked Nov 8, 2026angelone.in(opens source in a new tab)
F&O brokerage
₹20 per executed order
Checked Nov 8, 2026angelone.in(opens source in a new tab)
Introductory offer
₹0 brokerage up to ₹500 for the first 30 days
Checked Nov 8, 2026angelone.in(opens source in a new tab)
AMC
₹0 for the first year
Checked Nov 8, 2026angelone.in(opens source in a new tab)
4. Upstox
Best for: Indian traders who want flat-fee F&O trading with TradingView charts and API access
Free plan + paidWeb, Android, iOS
57.5
score / 100
Why switch from Mirae Asset Sharekhan
Discount broker with low fees and a modern app for self-directed traders.
Pros
Flat ₹20 maximum brokerage per order across segments
No brokerage on mutual funds and IPOs
TradingView charts and a trading API built in
Cons
Equity delivery trades cost ₹20 per order, not free
Account maintenance charge applies after the first year
No research or stock advisory like a full-service broker
Visit Upstox Details and reviews
How this score is calculated
Editorial fit ×0.363
Reviews ×0.363
Clicks (90 days) ×0.150
Freshness ×0.15100
Votes ×0.150
0 counted reviews, 0 up and 0 down votes. Full formula
Is Upstox a good Mirae Asset Sharekhan alternative?
Verified facts
7 of 7 verified
Equity delivery brokerage
₹20 per executed order
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Mutual funds and IPOs
₹0 brokerage
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Account maintenance
₹0 in the first year, then ₹300 + GST (non-BSDA)
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Broking licence
2010
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Users
2 crore+
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Equity options brokerage
Flat ₹20 per executed order
Checked Nov 8, 2026upstox.com(opens source in a new tab)
Account opening
Free
Checked Nov 8, 2026upstox.com(opens source in a new tab)
5. Dhan
Best for: Indian F&O and intraday traders who want TradingView charts, fast order tools and free APIs
Free plan + paidWeb, Android, iOS
55.9
score / 100
Why switch from Mirae Asset Sharekhan
Trader-focused app with options tools and low brokerage for active F&O users.
Pros
No brokerage on equity delivery and no account maintenance charge
Dedicated options trading app plus trading straight from TradingView charts
Trading APIs for algo traders at no extra cost
Cons
Intraday and F&O orders still cost a flat fee per order
Many separate apps and terminals can be confusing for beginners
Younger broker than Zerodha, Angel One or 5paisa
Visit Dhan Details and reviews
How this score is calculated
Editorial fit ×0.357
Reviews ×0.363
Clicks (90 days) ×0.150
Freshness ×0.15100
Votes ×0.150
0 counted reviews, 0 up and 0 down votes. Full formula
Is Dhan a good Mirae Asset Sharekhan alternative?
Verified facts
10 of 10 verified
Account opening and AMC
₹0
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Equity delivery brokerage
₹0
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Intraday and F&O brokerage
₹20 per order
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Trading API
Free
Checked Nov 8, 2026dhan.co(opens source in a new tab)
US stocks
Fractional investing from $1
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Intraday brokerage
₹20 or 0.03% per order, whichever is lower
Checked Nov 8, 2026dhan.co(opens source in a new tab)
F&O brokerage
₹20 per executed order
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Account opening fee
₹0 for individuals and HUFs
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Annual maintenance charge
₹0 for individuals; ₹800 + GST for NRIs and firms
Checked Nov 8, 2026dhan.co(opens source in a new tab)
Call & Trade
₹50 per order + GST
Checked Nov 8, 2026dhan.co(opens source in a new tab)

Quick comparison

1. Motilal OswalTop pick

Pros

Cons

Verified facts

2. Zerodha Kite

Pros

Cons

Verified facts

3. Angel One

Pros

Cons

Verified facts

4. Upstox

Pros

Cons

Verified facts

5. Dhan

Pros

Cons

Verified facts