Sahi from Aaritya Broking is built specifically for active F&O and intraday traders, with a single-screen options scalper, in-house low-latency charts, trade-from-charts, smart risk management with trailing stop loss, and zero brokerage for the first 30 days then Rs 10 per executed order. The pitch is precision and speed. The trade-off most active traders weigh is community size: Sahi is newer and smaller than Zerodha or Dhan, which means fewer YouTube tutorials, smaller user forums, and less peer help when something breaks.
This guide compares 7 of the best Sahi alternatives for active F&O traders, intraday users, and option scalpers in India. Every option is SEBI-registered with low brokerage, deep options tooling, or strong charting. The right pick depends on whether you want the lowest brokerage, deepest strategy builder, or the largest broker community.
Why people leave Sahi
- Newer broker with a smaller community. Sahi is competent but lacks the tutorial ecosystem and forum depth of Zerodha or Dhan.
- Rs 10 per executed order is good but not zero. Dhan offers zero brokerage on equity delivery, and some discount brokers run promos below Rs 10 per order.
- Algo and API depth is mid-pack. Zerodha Streak, Dhan TradingView integration, and Upstox APIs sit deeper.
- Mutual fund range is narrow. Sahi is built for active traders; mutual fund investors will not find the depth of Groww or Zerodha Coin.
- Account-opening processes are clean but new. Some flows (margin pledge, intraday product types) trained traders on different UIs at other brokers.
Which app should you choose?
-
Zerodha Kite if you want the largest established discount broker with the deepest ecosystem. Kite plus Coin plus Console plus Streak.
-
Dhan if you want zero brokerage on delivery plus deep options strategy tools. Dhan was built around F&O.
-
Upstox if you want strong charts tightly integrated with the order pad. Upstox is one of the original chart-first brokers.
-
Fyers if you want pro-grade charting, free APIs, and an active community of active traders. Fyers is a trader-favourite.
-
5paisa if you want the lowest fixed brokerage plus subscription plans for unlimited trades. 5paisa stays competitive on cost.
-
AliceBlue if you want professional-grade trading with multiple platform options. AliceBlue ANT and ANT Mobi for serious users.
-
mStock if you want zero AMC and very competitive brokerage backed by a major bank. mStock from Mirae Asset.
Stay on Sahi if the single-screen scalper UX and trailing stop loss are central to your workflow. The product is genuinely tight on those specific scalping flows.
Quick comparison
| App | Best for | Equity delivery | F&O brokerage | Standout feature |
|---|---|---|---|---|
| Zerodha Kite | Largest established broker | Rs 20 or 0.03% | Rs 20 per order | Kite plus Console plus Coin plus Streak |
| Dhan | Active F&O traders | Rs 0 (free) | Rs 20 per order | TradingView integration, strategy builder |
| Upstox | Charting plus order pad | Rs 20 or 2.5% | Rs 20 per order | Tight chart-to-order workflow |
| Fyers | Pro charts and APIs | Rs 0 (free) | Rs 20 per order | TradingView Pro, free APIs |
| 5paisa | Lowest fixed brokerage | Rs 20 per order | Rs 20 per order | Subscription for unlimited trades |
| AliceBlue | Professional traders | Rs 0 to Rs 15 | Rs 15 per order | ANT desktop plus mobile |
| mStock | Zero AMC, low cost | Rs 0 (free) | Rs 5 per order | Mirae Asset backing |
1. Zerodha Kite -- best largest discount broker
Zerodha Kite is the original discount broker app and remains the largest by active client base in India (more than 1.2 crore active clients). Equity delivery is the lower of Rs 20 or 0.03% per order. The broader ecosystem includes Coin (direct mutual funds, zero commission), Console (analytics and tax reports), and Streak (algo trading and backtesting).
Where it falls short: Account opening can be slow during peak periods. Customer support response time during volatile sessions can lag.
Pricing: Account opening Rs 200 to Rs 500. AMC Rs 300 per year on Demat. Brokerage Rs 20 flat or 0.03% (lower).
Migrating from Sahi: Open Zerodha with PAN-Aadhaar e-KYC. Transfer holdings via off-market closure or CDSL Easiest. Re-create watchlists in Kite.
Download: Google Play · App Store
Bottom line: Pick Zerodha if you want the largest active community in India and the deepest ecosystem (Coin, Console, Streak) around the core broker.
2. Dhan -- best for active F&O and options traders
Dhan is built around the active trader and offers zero brokerage on equity delivery, Rs 20 flat on F&O and intraday, native TradingView integration, options strategy builder with payoff graphs, paper trading, and a fast order pad. Margin trading facility is priced competitively. Dhan vs Sahi is broader-ecosystem-trader-broker vs single-screen-scalper-specialist.
Where it falls short: Smaller mutual fund range than Zerodha Coin. Smaller community than Zerodha or Upstox.
Pricing: Equity delivery free. F&O and intraday Rs 20 per executed order. Account opening typically free.
Migrating from Sahi: Open Dhan with PAN-Aadhaar e-KYC, transfer holdings, set up watchlists and strategies.
Download: Google Play · App Store
Bottom line: Pick Dhan if F&O is your main use case and you want zero brokerage on delivery alongside professional-grade options tools.
3. Upstox -- best chart-first order workflow
Upstox integrates charting tightly with order placement and is one of the original chart-first discount brokers in India. The app supports stocks, F&O, currencies, commodities, and mutual funds, with intraday charts that intraday traders specifically migrate for. Backed by Ratan Tata and Tiger Global.
Where it falls short: UI feels denser than Zerodha Kite. Algo and API are mid-pack vs Fyers.
Pricing: Zero account opening. Brokerage Rs 20 or 2.5% (lower) for delivery, Rs 20 flat for F&O and intraday.
Migrating from Sahi: Open Upstox, transfer holdings via off-market or CDSL Easiest, set up watchlists.
Download: Google Play · App Store
Bottom line: Pick Upstox if intraday and F&O are central and you want charts tightly integrated with the order pad.
4. Fyers -- best for pro charts and free APIs
Fyers is a trader-favourite discount broker with TradingView Pro charts, free APIs for algo traders, FX-grade tools, and an active community of serious traders. Equity delivery is free; F&O is Rs 20 flat. Fyers vs Sahi is community-and-API-depth vs single-screen-UX.
Where it falls short: Mutual fund range is narrow. Mass-market UI polish is below Zerodha or Groww. Customer support is mid-pack.
Pricing: Equity delivery free. F&O Rs 20 per executed order. AMC Rs 200 to Rs 300.
Migrating from Sahi: Open Fyers, complete KYC, transfer holdings. Apply for API access if you want to run algos.
Download: Google Play · App Store
Bottom line: Pick Fyers if you write algos or want pro-grade TradingView charts integrated with a serious broker.
5. 5paisa -- best lowest fixed brokerage
5paisa charges a flat Rs 20 per executed order across equity delivery, intraday, and F&O. Subscription plans bundle unlimited trades for a monthly fee, which can be cheaper for very active traders. The platform covers stocks, F&O, mutual funds, US stocks, and insurance.
Where it falls short: UX is functional rather than polished. Customer support is mid-pack. Some advanced charting features require the premium tier.
Pricing: Account opening Rs 0 to Rs 250. AMC Rs 25 to Rs 50 per month. Brokerage Rs 20 flat per order.
Migrating from Sahi: Open 5paisa, complete KYC, transfer holdings via off-market.
Download: Google Play · App Store
Bottom line: Pick 5paisa if you trade actively and want either flat Rs 20 brokerage or a subscription for unlimited trades.
6. AliceBlue -- best for professional-grade multi-platform trading
AliceBlue is a SEBI-registered discount broker with desktop (ANT) and mobile (ANT Mobi) platforms targeted at professional and active traders. Equity delivery starts at Rs 0 on some plans; F&O is Rs 15 per order on the discount plan, even cheaper than the typical Rs 20.
Where it falls short: UI is less polished than Zerodha or Groww. Mutual fund range narrower. Account-opening flow is heavier.
Pricing: Multiple plans. Discount plan: equity delivery Rs 0 to Rs 15, F&O Rs 15 per order.
Migrating from Sahi: Open AliceBlue with PAN-Aadhaar e-KYC. Some flows still route to email or document upload.
Download: Google Play · App Store
Bottom line: Pick AliceBlue if you want a desktop-plus-mobile workstation feel with brokerage below the standard Rs 20.
7. mStock -- best zero AMC plus low brokerage
mStock is the discount broking arm of Mirae Asset and offers zero AMC for life, zero brokerage on equity delivery, and Rs 5 per executed order on F&O for active traders on subscription plans. The platform is one of the cheapest options for high-frequency F&O.
Where it falls short: Smaller community than Zerodha or Dhan. Mutual fund range is narrower. The brand is newer in India.
Pricing: Zero AMC. Equity delivery free. F&O Rs 5 to Rs 20 per order depending on plan.
Migrating from Sahi: Open mStock via the app with PAN-Aadhaar e-KYC, transfer holdings.
Download: Google Play · App Store
Bottom line: Pick mStock if you trade high volume and the Rs 5 per F&O order plus zero AMC makes a meaningful difference to monthly cost.
How to choose
Pick Zerodha Kite if you want the largest established discount broker with the deepest ecosystem (Coin, Console, Streak).
Pick Dhan if F&O is your main use case and you want zero brokerage on delivery plus a serious options strategy builder.
Pick Upstox if intraday and charting are central and you want charts integrated with the order pad.
Pick Fyers if you write algos or want pro-grade TradingView charts plus free APIs.
Pick 5paisa if you trade actively and want the lowest fixed brokerage or a subscription for unlimited trades.
Pick AliceBlue if you want a desktop-plus-mobile professional workstation and brokerage below Rs 20.
Pick mStock if you trade high volume and the Rs 5 per F&O order plus zero AMC matters for your monthly cost.
Stay on Sahi if the single-screen scalper and customised trailing stop loss are central to your workflow. The Rs 10 per executed order is competitive and the specific scalping flows are tight.
FAQ
Which is the cheapest broker for F&O in India? mStock currently charges Rs 5 per executed order on F&O on some plans, the lowest in India. AliceBlue is Rs 15. Most others (Zerodha, Groww, Upstox, Dhan, 5paisa) charge Rs 20 flat.
Is there a Sahi alternative with TradingView charts? Dhan and Fyers both offer TradingView integration. Dhan ships TradingView charts as the default; Fyers gives access to TradingView Pro for active accounts.
Which broker has the best options strategy builder? Dhan’s options strategy builder is widely considered one of the most comprehensive in India, with payoff graphs, probability calculations, and one-click strategy execution. Sensibull (integrated with Zerodha and others) is also strong.
Can I have accounts at multiple brokers? Yes. There is no SEBI restriction on the number of Demat accounts. Many active traders run two or three brokers in parallel for different use cases (intraday at one, delivery at another, F&O at a third).
Are these Sahi alternatives safe? Every broker listed is SEBI-registered with exchange memberships in NSE, BSE, MCX, and where applicable NCDEX and MSEI. Client funds are held in exchange-mandated segregated accounts, and stocks sit in the client’s CDSL/NSDL Demat account, not the broker’s books.
What is the fastest broker for order execution? Order execution speed depends on the broker’s order management system and the exchange, but Dhan, Zerodha Kite, Upstox, and Fyers all advertise sub-100ms median execution. Sahi specifically markets low-latency single-screen execution for scalpers.
