Whether it’s your friends, family, or colleagues, you’ve probably been hearing a lot of conversations about stock market investing these days. Trading is gaining immense popularity nowadays, and it might seem like an easy way to invest your savings. However, choosing the best broker for trading in India is the first and most important step in your investment journey. The right broker can make all the difference in how smoothly your journey unfolds. Take a look at the top 7 stock brokers in India.
Our list of the top 7 stock brokers in India details their features, offerings, pros and cons.
Groww- 1st Among Top 7 Stock Brokers in India
Known for its simplicity, Groww is a great platform for beginners.
| Key Information | Details |
| Services & Offerings | – Equities
– IPOs – Direct Mutual Funds – US Stocks – Digital Gold – Fixed Deposits |
| Brokerage Charges | – Equity Delivery: Rs 20 or 0.05% (whichever is lower)
– Equity Intraday: Rs 20 or 0.05% – F&O: Rs 20 – Mutual Funds: Free |
| Other Charges | – Transaction fees
– Regulatory fees – Demat charges – GST (on brokerage and transaction charges) – SEBI Charges – Stamp Duty |
| Pros | – Simple flat Rs 20 per trade
– Zero commission on direct mutual funds – Paperless account opening – No annual demat charges |
| Cons | – Limited investment options (no commodities, currencies, or margin trading)
– No call-and-trade services |
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Shoonya- 2nd Among Top 7 Stock Brokers in India
Shoonya, known among the best brokers, is favoured due to its transparent pricing policy.
| Key Information | Details |
| Services & Offerings | – Equities
– Futures – Options – Currencies – Commodities – Mutual Funds – ETFs – Bonds |
| Brokerage Charges | – Zero commission on IPOs, mutual funds, ETFs (delivery trades), bonds.
– Call & Trade Charges: Zero – Trading Platform Charges: Zero – Auto Square-Off Charges: Zero |
| Other Charges | – Account Opening: Free
– Account Maintenance Charges: Zero |
| Pros | – Low cost trading
– No hidden fees – Free account opening and maintenance – User-friendly platform – Multi-platform accessibility (desktop, web, mobile) |
| Cons | – No 3-in-1 account (trading, banking, Demat integration)
– No margin funding – No physical branches for in-person support |
Zerodha- 3rd Among Top 7 Stock Brokers in India
It offers low brokerage charges, free account opening, and an easy-to-use platform.
| Key Information | Details |
| Services & Offerings | – Equities
– IPOs – Direct Mutual Funds – Currencies – Commodities – Futures & Options (F&O) – Bonds – Government Securities |
| Brokerage Charges | – Equity Delivery: Rs 0 (Free)
– Equity Intraday: Rs 20 or 0.03% (whichever is lower) – F&O: Rs 20 – Currency Futures/Options: Rs 20 – Commodity: Rs 20 |
| Other Charges | – Trading & Demat Account Opening: Free
– Demat Account AMC: Rs 300/year – SEBI charges – Stamp duty – Transaction charges (varies by segment) |
| Pros | – Free account opening
– No brokerage for equity delivery – Low-cost trading – Advanced platforms and tools (Zerodha Kite, Coin, etc.) – Direct IPO application |
| Cons | – No stock tips, research reports, or recommendations
– No monthly unlimited trading plans – Extra charges for non-squared-off positions and call & trade |
HDFC 4th Among Top 7 Stock Brokers in India
HDFC Securities is a good option if you want personalised investment advice.
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| Key Information | Details |
| Services & Offerings | – Equities
– Bonds – Futures & Options (F&O) – Mutual Funds – IPOs – Currency Derivatives – Commodities |
| Brokerage Charges | – Equity Delivery: 0.50% or min Rs 25 or 2.5% ceiling (Residents), 0.75% or min Rs 100 or 2.5% ceiling (NRIs)
– Derivatives (Futures): 0.05% or min Rs 25 or 2.5% ceiling (non-square off trades), 0.025% or min Rs 25 or 2.5% ceiling (square-off trades) – Derivatives (Options): Higher of 1% of premium or Rs 100 per lot |
| Other Charges | – Account Opening Fee: Rs 999 (includes trading, bank, and Demat accounts)
– GST: 18% on brokerage – STT: 0.125% of transaction value – Stamp Duty: 0.01% on turnover – SEBI Turnover Tax: Rs 5 per crore on turnover |
| Pros | – Integrated 3-in-1 account for seamless transactions
– Various trading platforms |
| Cons | – Higher brokerage charges compared to discount brokers
– No commodity trading available – Minimum brokerage charges and additional costs for small trades |
ICICIdirect- 5th Among Top 7 Stock Brokers in India
ICICIdirect is one of the top brokers in India and offers an integrated 3-in-1 account (trading, demat, and bank).
| Key Information | Details |
| Services & Offerings | – Equities
– Commodities – Currencies – Mutual Funds – IPOs – Fixed Deposits – Bonds – NCDs – Wealth Products – Home Loans – Loans Against Securities |
| Brokerage Charges | ICICI Neo Plan:
– Equity Futures: Brokerage-free – Equity Intraday & Options: Rs 20 per order – Equity Delivery: 0.55% ICICI Prime Plan: – Equity Cash: 0.15% to 0.27% – Equity Futures: 0.015% to 0.027% – Equity Options: Rs 20 to Rs 40 per lot I-Secure Plan: – Equity Delivery: 0.55% – Equity Intraday: 0.275% – Equity Future: 0.05% – Equity Options: Rs 95 per order Prepaid Brokerage Plan: – Equity Cash: 0.09% to 0.25% – Equity Futures: 0.009% to 0.025% – Equity Options: Rs 10 to Rs 35 per lot |
| Other Charges | – Account Opening: Free
– Demat AMC: Rs 300 per year – Demat Debit Transaction: Rs 20 per transaction – Call & Trade: Rs 50 per order |
| Pros | – Integrated 3-in-1 account for seamless transactions
– Quick access to funds from stock sales (5-minute payout) – Free trading tips – Wide range of investment options including IPOs, mutual funds, etc. – Low bandwidth website for slow internet connections |
| Cons | – Higher brokerage charges compared to some competitors
– Minimum brokerage charges may be high for small trades – Additional fees for call & trade after a certain number of free calls |
Upstox- 6th Among Top 7 Stock Brokers in India
Upstox provides affordable trading services with a flat fee of Rs 20 per trade, whether it’s for equities, commodities, or options.
| Key Information | Details |
| Brokerage Charges | – Equity Delivery changes at Rs 20 per executed order or 2.5% (whichever is lower)
– Equity Intraday charged at Rs 20 per executed order or 0.05% (whichever is lower) – Equity F&O charges at Rs 20 per executed order or 0.05% (whichever is lower) – Currency at Rs 20 per executed order or 0.05% (whichever is lower) – Commodity ar Rs 20 per executed order or 0.05% (whichever is lower) |
| Other Charges | – STT: 0.1% (buy and sell for equity), 0.025% (sell for intraday), 0.1% (sell for F&O)
– Transaction Charges: NSE Rs 345 per Cr (equities), Rs 190 per Cr (Futures), Rs 5000 per Cr (Options), Rs 90 per Cr (Currency Futures), Rs 260 per Cr (Commodity Futures) – Demat Charges: Rs 18.5 per scrip (on sell only) – GST: 18% on brokerage – SEBI Charges: 0.0001% – Stamp Duty: 0.015% (equity buy-side), 0.003% (intraday buy-side), 0.002% (Futures), 0.003% (Options), 0.002% (Commodity Futures) |
| Pros | – Free online account opening
– Flat Rs 20 per trade brokerage across all segments – No software usage charges – Advanced order types (AMO, CO, SL, GTT) – Margin Trading Facility available – Tools for coding and strategy execution (e.g., Upstox Bridge for AmiBroker) |
| Cons | – No unlimited monthly trading plans
– Brokerage fee for stock deliveries (unlike some competitors) – No stock tips or recommendations – No 3-in-1 accounts – Limited customer support hours – No API access for automated trading – No NRI Trading and Demat accounts |
Angel One 7th Among Best Stock Brokers in India
With user-friendly platforms, free account opening, and additional research tools, Angel One is a great option for both beginners
| Key Information | Details |
| Special Offer | – Free Equity Delivery Trades: No brokerage charges for equity delivery.
– Flat ₹20 Brokerage: ₹20 per trade for intraday and F&O trades. – Free Tips: Get investment tips at no extra cost. |
| Brokerage Charges | – Equity Delivery: Free
– Equity Intraday: ₹20 per trade or 0.25% (whichever is lower) – Equity F&O: ₹20 per trade or 0.25% (whichever is lower) – Currency F&O: ₹20 per trade or 0.25% (whichever is lower) – Commodity F&O: ₹20 per trade or 0.25% (whichever is lower) |
| Other Charges | – Transaction Charges: Varies based on the segment
– GST: 18% on brokerage – Stamp Duty: As per state rules |
| Trading Platforms | – Angel One App: Mobile app for trading on Android and iOS.
– Angel One Trade: Web-based trading platform. – Angel SpeedPro: Desktop application for advanced trading. |
| Pros | – Low brokerage fees ₹20 per trade across all segments.
– Free equity delivery. – Free advisory and research tips. – Training and guidance for beginners. |
| Cons | – Margin funding can be confusing with high-interest charges.
– No SME trading. – Sales pressure from agents pushing other products. – No GTC/GTT orders. – No 3-in-1 account integration with the bank. |
Conclusion
Whether you’re a beginner who is looking to invest your first ₹1,000 or an experienced trader seeking advanced tools, choosing the right stock broker can set the tone for your financial success. You can choose the one that suits your style and needs from our shared list of the top 7 brokers in India.
