Best Stock Broker in India – Top 10 Stock Brokers in India
Are you excited to start your trading journey? Planning to invest your hard-earned money into a pool of investments? But are you scared to step into the trading world alone? Worried about the losses?
In such a scenario, choosing a trusted and the best stock broker in India can be your safe ally in the evolving trading world. Brokers can make the journey simple and valuable for both beginners and seasoned investors.
They provide real-time market updates, advanced strategies and tools, and portfolio management to make smart financial decisions. The top 10 best stock brokers in India provide you with professionals who help you leverage the best investment tricks to create a diversified and long-term portfolio.
While finding the best stock broker in India can seem overwhelming, the platform will give you with a thorough to help you make an informed decision.
Importance of Choosing the Best Stock Broker In India
Finding the best stock broker in India who can assist you in aligning your investment goals is essential.
- For making important trades, the broker must provide a stable, dependable, and easy-to-use trading platform.
- Professional stock brokers will provide you with real-time market updates, analysis, and market research so you can make informed decisions.
- You can access a variety of financial products through leading stock brokers, including stocks, mutual funds, initial public offerings, and derivatives.
- The best stock brokers help you to learn and trade. They provide a library of learning tools with webinars and demo accounts to build your skills and confidence.
- The platform allows you to track and analyse your portfolio in real-time, allowing you to strategize and trade with experience.
- A trusted stock broker offers transparency in trading charges, secure transactions, and compliance management for effective trading practices.
- They offer customer service to assist in overcoming obstacles and support for technical malfunctions or problems pertaining to accounts.
Types of Stock brokers
There are two types of stock brokers in India:
1. Full-Service Brokers: They provide a variety of services, such as investment advisory, research reports, stock trading, wealth management, and portfolio management. These brokers charge such as ICICI Direct, HDFC Securities, and Kotak Securities, charge higher brokerage fees.
2. Discount Broker: They provide services without any research or advisory services and charge either a flat fee or no brokerage at all. Some popular discount brokers are Zerodha, Upstox, and Groww.
Comparison Between Full-Service Brokers and Discount Brokers
| Feature | Full-Service Brokers | Discount Brokers |
|---|---|---|
| Commission Fees | Higher commission fees | Lower commission fees |
| Services Provided | Extensive range including research, investment advice, retirement planning, etc. | Basic execution of trades, limited or no research or advice |
| Customer Support | Personalized support including dedicated advisors | Generally limited support, often through online channels |
| Trading Platforms | Feature-rich trading platforms with advanced tools and analysis | Simple and user-friendly platforms for trade execution |
| Investment Products | Wide range including stocks, bonds, mutual funds, options, etc. | Mostly stocks, ETFs, and basic investment products |
| Education/Resources | Extensive educational resources, seminars, webinars, etc. | Limited educational resources |
| Accessibility | Primarily geared towards experienced investors or high net-worth individuals | Suitable for all types of investors including beginners |
| Advice and Research | In-depth research reports, market analysis, and personalized advice | Limited or no research is provided |
| Transparency | Clear fee structure but higher overall fees | Transparent fee structure with lower overall costs |
Key Factors to Consider When Choosing the Best Stockbroker In India
It’s crucial to comprehend a few crucial factors that influence your decision to choose the top 10 best stockbrokers in India.
Broker Type: You must choose between full-service brokers (with advisory and research) and discount brokers (low-cost, DIY).
Brokerage Fees: Verify F&O, intraday, and delivery fees to guarantee affordability and transparency.
Trading Platform: Seek out a smart and user-friendly platform with sophisticated charting and analysis capabilities.
Account Opening and Maintenance Fee: Take into account the one-time or yearly fees associated with trading and demat accounts.
Customer Assistance: Customer service should be responsive and available during trading hours.
Research & Advisory: For beginners or long-term traders looking for stock suggestions, this is useful.
Margin and Leverage Facility: Compare margin availability and interest rates for intraday or trading in derivatives.
Regulatory Compliance & Reputation: You need to find out a lot about the broker, such as whether they have a good track record and are registered with SEBI.
List of Top 10 Stock Brokers in India:
| S.No | Stock Brokers | Rating | Sign In/Login | Download Link |
|---|---|---|---|---|
| 1. | Groww | ⭐⭐⭐⭐⭐ | Sign Up | Download |
| 2. | Zerodha | ⭐⭐⭐⭐⭐ | Sign Up | Download |
| 3. | Upstox | ⭐⭐⭐⭐ | Sign Up | Download |
| 4. | Angel One | ⭐⭐⭐ | Sign Up | Download |
| 5. | Motilal Oswal | ⭐⭐⭐ | Sign Up | Download |
| 6. | Kotal Securities | ⭐⭐⭐ | Sign Up | Download |
| 7. | Paytm Money | ⭐⭐⭐⭐ | Sign Up | Download |
| 8. | 5Paisa | ⭐⭐⭐⭐ | Sign Up | Download |
| 9. | ICICI Direct | ⭐⭐⭐⭐ | Sign Up | Download |
| 10. | Dhan | ⭐⭐⭐⭐ | Sign Up | Download |
Groww
Established in 2016, Groww has emerged as one of the best stock brokers in India. Its user-friendly, simple and intuitive platform makes investment simple and easy.
The platform is well-designed for beginners and experienced traders, enabling a seamless and direct process for opening a Demat account for investment in stocks, mutual funds and ETFS. It also offers a mobile and web platform for making trading available on the go and tracking your portfolio whenever you want.
What makes Groww unique is its low-cost structure, transparent fee structure and simple onboarding process. The platform also offers learning ability with tutorials, webinars and insightful data to trade effectively.
0
0
0.1%
0.1%
Groww allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Rs 0
- Account Maintenance Charge- Rs 0
- Equity Brokerage- Rs 20 or 0.05% per order
- Equity Margins- 1x on Delivery & upto 5x on Intraday
Key Features:
- Easy-to-use interface across apps and the internet
- Direct investing in mutual funds without fees
- Simple onboarding and paperless KYC.
Why Choose Groww?
Groww is ideal for beginner traders that value simplicity. The site provides a seamless experience with easy access to stocks, mutual funds, and initial public offerings. It is user-friendly for beginners and is rapidly expanding across India.
Zerodha
Founded in 2010 by Nithin Kamat and broker Nikhil Kamath, Zerodha is widely known as the best stoc kbroker in India due to its pioneering role in discount broking. It made trading easily accessible and affordable for beginners by introducing a flat fee pricing model that included zero brokerage charges on equity delivery.
Zerodha’s powerful ecosystem of trading and investment platforms, including Kite for trading, Coin for mutual funds, and Console for portfolio analysis. These tools are built in-house, optimized for performance, and designed with both beginners and active traders in mind. Backed by strong customer support and robust security, Zerodha has not only set the benchmark in low-cost investing but also created a community-driven, education-first approach to wealth creation.
Free
300
Zero
0.03%
Zerodha allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Rs 0
- Account Maintenance Charge- Rs 300/per year
- Equity Brokerage- Rs 0 on Delivery and Rs 20 on Intraday
- Equity Margins- 20x on Intraday
Key Features:
- Modern, person-pleasant Kite trading platform
- Real-time charts, signs, and technical analysis equipment
- Seamless mobile and web experience
Why Choose Zerodha?
Zerodha is India’s most trusted stock broker, with over one crore clients. It’s perfect for buyers who require powerful equipment without complicated expenses. The platform is dependable, fast, and suitable for both new and seasoned customers.
Upstox
The top stock broker in India, Upstox, is supported by Ratan Tata and Tiger Global Management and provides both novice and expert traders with affordable trading options. It is unique due to its features, which include charting tools, real-time market updates, and unique trading lists. Additionally, it provides users with actionable data and insights to help them make informed decisions.
It provides an online and mobile platform with a paperless onboarding procedure. To help users learn and advance in their trading careers, the platform provides educational resources such as webinars, tutorials, and market data. Additionally, Upstox is a great trading platform because of its user-friendly and technologically advanced interface.Upstox allows trading in:
0
0
20
0.05%
Upstox allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 0
- Equity Brokerage- Rs 20 or 2.5% on Delivery
- Equity Margins- 5x on Intraday
Key features:
- Sleek and easy cell purchasing and selling platform
- Smart analytical tools provide real-time insights.
- Backed by trusted brands such as Tata.
Why Choose Upstox?
Upstox is designed for speed and comfort. Whether you’re a casual trader or a regular investor, the platform provides smooth execution and intelligent features. It’s a trustworthy choice with superior support.
Angel One
Angel One is a technology-powered financial services company offering low brokerage charges. Whether you are looking to invest for the long term or trade on the go, Angel One’s platform, with its intuitive design and smart tools, helps to make your decisions trusted, smarter, and faster.
Its web and mobile platform, with zero brokerage on delivery trades and competitive intraday charges, allows you to track your diverse portfolio on the go and customize your investment strategies to maximize potential returns. Plus, backed by data insights and expert advisory tools, analysts at Angel One help you make a trusted investment journey. It allows you to trade from equities and mutual funds to F&O and IPO.
0
240
20
0.03%
Angle One allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 250
- Equity Brokerage- Rs 20 or 0.3% per executed order
- Equity Margins- 10x on Intraday
Key features:
- AI-powered ARQ Prime investment hints.
- A wide range of stocks, mutual fund prices, and commodities
- Free expert research and market reports.
Why Choose Angel One?
Angel One combines the benefits of a full-service brokerage with an exceptional era. It’s ideal for people looking for both professional advice and the power of online trading. Suitable for retail and long-term investors.
Motilal Oswal
Motilal Oswal is one of the trusted full-service stock brokers in India, trusted for its in-depth market studies and viable investment strategies. Alongside secondary market trading, they offer other primary services such as mutual funds and brokerage services under flexible plans, enabling personalized account management. Be it equities, derivatives, mutual funds, or even IPO, Ostwal offers dedicated breadth management, flexible strategies and builds trust in wealth optimization.
The platform provides advanced tools for charting, market screeners, and even real-time analytics, which can be seamlessly accessed through the app or website. Furthermore, their in-house advisors and relationship managers are committed to providing timely guidance in portfolio analysis and risk evaluation to support informed decisions.
Free
₹199
0.20%
0.02%
Motilal Oswal allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 199 per year
- Equity Brokerage- Rs 20 or 0.20% per executed order
- Equity Margins- 5x on Intraday
Key features:
- Premium research reviews and market analysis.
- Personalized financing strategies and support
- A diverse variety of asset instructions and advisory services
Why Choose Motilal Oswal?
Known for in-depth research and wealth management, Motilal Oswal is ideal for serious investors. It offers professional insights and long-term planning tools that help grow and manage your wealth effectively.
Kotak Securities
Kotak Securities, one of the leading full-service stock brokers in India, and part of the Kotak Mahindra Group, offers a safe and reliable investment platform. From equity, derivatives, mutual funds, and ETF, Kotak Securities offers convenience and smooth trading experience with an extensive banking network.
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0
0.10%
0.01%
Additionally, investors have access to effective risk management tools, dynamic brokerage services, and updated market information. Further, the complex trading market is simplified through its smart trade platform, customizable dashboards, in-depth research reports, and a wide assortment of financial products. The platform enhances the experience with its dedicated customer service and expert relationship managers, available through call or chat at any time.
Kotak Securities allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 250 annually
- Equity Brokerage- Rs 20 or 0.25% per executed order
- Equity Margins- 5x on Intraday
Key Features:
- Smooth fund transfers with Kotak Bank
- User-friendly mobile and web trading platform
- Strong brand trust from Kotak Group
Why Choose Kotak Securities?
A great option for Kotak Bank customers searching for hassle-free trading. Enjoy secure transactions, one-click fund transfers, and support from one of India’s leading financial institutions.
Paytm Money
The investment arm of Paytm, Paytm Money, has evolved to become one of the trusted trading platforms in Indian digital branding. Created for the mobile-first generation, Paytm Money offers an easy-to-use platform to invest in stocks, mutual funds, IPOs, ETFs, and NPS—all from a single app. Its zero-commission policy on direct mutual funds and very low brokerage on stock trades empowers investors to create wealth efficiently and transparently.
The Paytm ecosystem lets investors enjoy a smooth KYC procedure and swift fund transfers. For a beginner to investing and investors who wish to invest from their smartphones, Paytm Money ensures a seamless, paperless experience with data security and great customer support through chat and app help.
Free
Free
₹20
0.05%
Paytm Money allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Rs 200
- Account Maintenance Charge- Free
- Equity Brokerage- Rs 20 per executed order or 2.5%
- Equity Margins- 4x on Intraday
Key features:
- Simple mobile application for equities, mutual funds, and initial public offerings (IPOs).
- Multiple funding options in one app
- Fast onboarding and smooth KYC.
Why Choose Paytm Money?
Paytm Money is designed for mobile-savvy investors who require a quick and easy entry into the market. It’s user-friendly, minimalist, and backed with a well-known digital brand.
5 Paisa
Backed by IIFL Group and ranked among India’s top discount brokers, 5paisa provides traders a flawless digital trading experience across stocks, mutual funds, insurance, and more, all at a flat, low brokerage rate. It’s the platform for any trader who values simple, fast, and valuable solutions.
From their mobile-first platform, they offer advanced charting, smart order types, robo-advisory for mutual fund investments, and even a portfolio analyzer. Whether you are trading in equities or F&O or investing through SIPs, 5paisa, with top-rated execution and insights, gives the best experience. Also, the dedicated customer service available through live chat, email, and call will help you out with all queries and glitches.
Free
₹300
₹10
₹10
5Paisa allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 300 per year
- Equity Brokerage- Rs 20 per order
- Equity Margins- 5x on Intraday
Key Features:
- Rich set of investment tools like Smart Investor & Swing Trader
- Packs for advanced features (Power Investor, Ultra Trader)
- Investment options in stocks, mutual funds, and insurance
Why Choose 5paisa?
Ideal for value seekers, 5paisa provides powerful tools at affordable rates. It’s a good choice for investors who want insights and automation without paying for full-service brokers.
ICICI Direct
Part of ICICI Group, ICICI Direct is one of India’s trustworthy full-service brokers, with premium offerings backed by research. ICICI Direct is a one-stop shop for any kind of investor, offering equity, mutual funds, F&O, commodity, and IPOs.
Research reports, daily market recommendations, model portfolios, and goal-oriented advisory services keep the investment options fitting to financial goals. Its team of experts and relationship managers assist in warding off volatility in markets and understanding the nuances of any product to invest wisely, regardless of experience levels. Plus, their mobile-first platform allows advanced charting, smart order types and advisory services for mutual fund investments.
₹0
₹300
0.29%
₹20
ICICI Direct allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- 0
- Account Maintenance Charge- Rs 700 per year
- Equity Brokerage- Rs 20 or 0 for Delivery or 0.3% for Intraday
- Equity Margins- 5x on Intraday
Key Features:
- Linked account with ICICI Bank for easy fund movement
- Comprehensive research and stock suggestions
- Multiple brokerage plan options (traditional + discount)
Why Choose ICICI Direct?
A trusted name in finance, ICICI Direct suits investors who want secure, all-in-one trading with the added benefit of ICICI’s banking network. Best for those who prefer support and strong infrastructure.
Dhan
Dhan focuses on speedy and easy trading options. For active traders and long-term investors, Dhan offers zero brokerage on delivery trades and flat, low-cost charges for intraday and F&O. Dhan’s unique value proposition is its focus on product innovation- from advanced trading APIs, lightning-fast order execution, integration, and strategy builders.
Though tech-first, Dhan’s educational content, quick support, and active user communities make breaking down complex trades and resolving issues nearly effortless.
Free
Free
Zero
0.03%
Dhan allows trading in:
- Equity
- Commodity
- Equity options
- Equity futures
- Currency option
- Currency futures
Fees:
- Account Opening Charges- Free
- Account Maintenance Charge- Rs 0
- Equity Brokerage- Rs 20 or 0 for Delivery or 0.3% for Intraday
- Equity Margins- 5x on Intraday
Key Features:
- Fast execution and feature-rich interface
- Specialized Options Trader platform
- Integrated Trading View charts and developer APIs
Why Choose Dhan?
Dhan is designed for dealers that like more control and personalization. Whether you’re interested in options, APIs, or in-depth technical analysis, this is a strong platform designed for the future generation of investors.
Final Thoughts
India’s stock market has a variety of brokerage systems, each targeted to a certain sort of investor. There are several options available, ranging from zero-brokerage models for novices to advanced tools for active traders. While platforms such as Groww and Paytm Money prioritize ease of use and simplicity, serious traders can enjoy feature-rich experiences on Zerodha and Upstox. Meanwhile, full-service brokers like Kotak Securities and ICICI Direct offer personalized advisory and wealth management.
Finding the best stock broker in India is not about who ranks highest—but who meets your needs the best. Always assess your trading goals, cost preferences, and the kind of support or tools you expect before making a decision.
FAQs – Best Stock Broker in India
How do I choose the best stockbroker in India?
Whether you are a beginner, a seasoned investor, or an active trader, evaluating trading goals is necessary to select the best stockbroker in India. It is essential to examine brokerage fees, platform usability, research assistance, the range of account kinds offered, and customer service quality. Regarding pricing and services, certain stock brokers, such as ICICI Direct, Zerodha, and Angel One, are better suited to certain needs.
What factors should I consider when comparing brokers in India?
The key factors include brokerage fees, account maintenance charges, the trading platform, research-based tools, margin facility, and customer support. Besides that, how easy is it to open an account? Next, consider whether you want a discount broker (for example, 5paisa or Dhan) or a full-service broker (such as ICICI Direct or Motilal Oswal).
Which brokers offer the lowest fees for trading stocks in India?
Zerodha, Dhan, and 5paisa are discount brokers and offer the lowest charges-from flat charges of ₹20 or even no charges on delivery trades. These brokers are for those who would like to invest with minimum charges using advanced tools.
How do I open a demat account with a reliable broker?
Opening a demat account has become online and simple; you just need to go on the broker’s website, fill out the KYC form, upload PAN, Aadhaar, and bank details, and sign electronically, or carry out in-person verification. Angel One, ICICI Direct, and Groww are a few trusted brokers that have excellent customer onboarding procedure.
What features should I look for in a trading platform?
Check if the trading platform is user-friendly and provides features such as real-time data, quick trade execution, mobile apps, and market news. Investors can also benefit from features like watchlists, alerts, and strategy backtesting options.
Which brokers in India provide the best tools for market analysis?
ICICI Direct, Motilal Oswal, and Angel One brokers are very popular because they provide detailed research reports and offer additional services. Dhan and Zerodha offer great charting tools for traders who are more technically savvy, as well as APIS for custom strategy development.
How can I transfer stocks between different brokers?
Stock transfers from one broker to another can be done online with CDSL or NSDL through the Easiest or Speed-e portals. Another option is to write a DIS and give it to your current broker, who will then submit it to the new broker. The transfer is usually completed within one to three working days.
Which broker offers the lowest brokerage charge in India?
Dhan, 5paisa, and Zerodha are some of the lowest brokerage charges. They provide flat rates of ₹20 or zero brokerage for equity delivery trades. These platforms are optimal for traders whose primary concern is minimizing transaction costs.