Flattrade review
Independent review of Flattrade — brokerage, app, account opening, customer support and the kind of investor it actually fits. Flattrade (Flattrade Broking Private Limited, formerly Fortune Capital Services, Chennai) is a discount broker charging zero brokerage on equity delivery, intraday, F&O, currency and commodity trades.
Verdict
Traders who want to pay no brokerage in any segment, including equity intraday, F&O, currency and MCX commodity, and algo traders who want free API access.
Brokerage at a glance
Headline brokerage on the default Flattrade zero brokerage 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 Flattrade
Flattrade (Flattrade Broking Private Limited, formerly Fortune Capital Services, Chennai) is a discount broker charging zero brokerage on equity delivery, intraday, F&O, currency and commodity trades. It charges a one-time ₹200 + GST trading account opening fee, no AMC, a ₹20 + GST DP charge per debit transaction, and offers free trading APIs.
The Flattrade trading app
- Trade equity, F&O, currency and MCX commodity from one account
- TradingView charts with 100+ indicators
- GTT, AMO and bracket orders
- Watchlists, portfolio tracking and price alerts
- Fund transfer via UPI
- Two-factor (2FA) login
Opening a Flattrade 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 flattrade.in.
Customer support
Flattrade support is available support: mon-fri 08:30 am - 6:15 pm, sat 09:00 am - 4:00 pm; escalation contacts: mon-fri 10:00 am - 6:00 pm. 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 Flattrade customer care page.
Alternatives to Flattrade
By active client count, Flattrade is the #36 largest of 40 retail brokers on the NSE (as of 2026-08-31). 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 Flattrade.
Flattrade 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. Traders who want to pay no brokerage in any segment, including equity intraday, F&O, currency and MCX commodity, and algo traders who want free API access.
Equity delivery is Free. Equity intraday is Free. Equity options is Free. 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.
Flattrade 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 equity, F&O, currency and MCX commodity from one account. TradingView charts with 100+ indicators. For a full feature list and download links see the Flattrade 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://flattrade.in.
Discount brokers comparable to Flattrade 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.