Arihant Capital review
Independent review of Arihant Capital — brokerage, app, account opening, customer support and the kind of investor it actually fits. Arihant Capital is a full-service broker offering a percentage-based Classic plan (0.30% delivery, 0.03% intraday and 0.03% futures) and a discount-style flat ₹20 plan via its ArihantPlus app with free equity delivery (₹20 per order or 0.25%, whichever is lower, on intraday and F&O)..
Verdict
Cost-conscious Indian investors and active traders who want a flat Rs 20 per-order discount-brokerage app backed by a long-established full-service broker.
Brokerage at a glance
Headline brokerage on the default Arihant Capital arihantplus (flat ₹20) plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Arihant Capital
Arihant Capital is a full-service broker offering a percentage-based Classic plan (0.30% delivery, 0.03% intraday and 0.03% futures) and a discount-style flat ₹20 plan via its ArihantPlus app with free equity delivery (₹20 per order or 0.25%, whichever is lower, on intraday and F&O).
The ArihantPlus trading app
- Trade equities, ETFs, derivatives (F&O), commodities and currencies on NSE, BSE, MCX and NCDEX
- Invest in IPOs and mutual funds (including SIPs) from the same app
- Technical charting with TradingView integration and 100+ indicators
- Option chain analytics with Greeks calculator and advanced order types
- Customizable watchlists with real-time price alerts
- Biometric login security
Opening an Arihant Capital account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at www.arihantcapital.com.
Customer support
Arihant Capital support is available monday to friday 09:00 a.m. to 6:00 p.m.; saturday 10:00 a.m. to 2:00 p.m.. For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Arihant Capital customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Arihant Capital’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Arihant Capital
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Flat Rs 20 per order brokerage on the ArihantPlus plan (free for IPOs and ETFs)
- TradingView-based advanced charting tools
- Advanced order types including Bracket Orders, Cover Orders and GTD orders
- Margin trading facility
- Two-factor authentication with biometric (Touch ID / Face ID) login
- In-app access to IPOs and mutual funds alongside equity and F&O
- Some users report the app slowing down or behaving inconsistently at times
- Some users mention frequent marketing or sales calls
- Some users note concerns about charges and fees
Alternatives to Arihant Capital
By active client count, Arihant Capital is the #29 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Arihant Capital.
Arihant Capital is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Cost-conscious Indian investors and active traders who want a flat Rs 20 per-order discount-brokerage app backed by a long-established full-service broker.
Equity delivery is Free. Equity intraday is ₹20 / 0.25%. Equity options is ₹20 / 0.25%. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Arihant Capital is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Trade equities, ETFs, derivatives (F&O), commodities and currencies on NSE, BSE, MCX and NCDEX. Invest in IPOs and mutual funds (including SIPs) from the same app. For a full feature list and download links see the Arihant Capital app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://www.arihantcapital.com.
Discount brokers comparable to Arihant Capital include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.