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Top 21 Best Stock Brokers in India 2024: Compare & Trade Now

Are you thinking of venturing your journey into the world of stock trading and confused about which is the best stock trading broker in India to begin with?  With a plethora of choices available in the industry today, it might seem a little overwhelming to decide upon the best stock trading brokers to open your best Demat account with and invest your hard-earned money.

Well, look no further, as we in order to ease off the burden have carefully crafted a composite SEBI resisted list of Top Stock Broking Companies in India that offers everything from user-friendly trading platforms, low brokerage charges, and exceptional customer support services. Here’s a countdown:

Read Related Articles on Best Share Brokers In India:

The top stock brokers in India based on popularity and user base include:

Best Overall
upstox pro logo

Upstox

  • Account Opening Fee: Free
  • Account maintenance charges: Free
  • Brokerage charges: ₹20 per executed order

With prominent features like zero brokerage on Mutual Funds and IPOs, an easy account opening process, investment tracking tools, and equity-linked savings schemes (ELSS), Upstox can currently be crowned as the overall champion amongst the best stock brokers in India.

  • Best For lowest brokerage charges- 5Paisa:

5Paisa is a discount broker that, not only offers the lowest brokerage charges in the industry, but also free account opening, a free trading platform, fundamental research, and investment advice, advanced charting tools along with algorithm-based trading tips.

Paytm Money provides competitive pricing for cost-conscious users, along with a transparent fee structure and zero-commission on delivery trades making it stand out as the most affordable and best for lowest brokerage charges in India.

Angel One is a full-service discount broker that offers tools for trading, investment, consulting, portfolio management, research services, and much more. Its tailored portfolio and single stock advisory services make it the best stockbroker for beginners in India.

The discount brokerage house of Zerodha offers concrete features like low brokerage rates, an easy-to-use interface, SEBI and CDSL registered reliable platform, Varsity (detailed training courses), referral programs, and integration with Sensibull (an options trading platform).

Who is a stockbroker and what are their types?

A stock broker is an individual or organization that assists or facilitates its clients with investment transactions. i.e. buying and selling of shares in the stock market. They also offer portfolio management services, financial report analysis and interpretation, and investment consulting services that cover prospective market trends, scopes, and risks.

Stock brokers are predominantly of two types:

  1. Full-Service Stock Brokers refers to a traditional brokerage house that not only provides an online trading platform but also expert trading and investment advisory for its clients. Generally, they have physical branches as well.

2. Discount Stock Brokers on the contrary are targeted towards providing an online stock buying and selling platform for self-directed investors. However, they do not provide any investment advisory or analysis services.

Compare List of Top 21 Stock Brokers in India 2024:

RankBroker LogoBroker NameRating
#1Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Upstox – Best for Overall Experience

  • Account Opening Charge: Free
  • Account Maintenance Charge: Free
  • Intraday Brokerage: ₹20 per executed order or 0.05%
  • Delivery Brokerage: ₹20 per executed order or 2.5%
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order or 0.05%
  • Active Clients: 2501173
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, Corporate FDs, Foreign Stocks, Currency Trading, Commodities Trading, F&O, Tax-Saving Investments, Retirement Planning, NRI Accounts, HNI Accounts, Minor Accounts
  • Read Review
9.5
Open Free Account
#2Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Angel one

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹240
  • Intraday Brokerage: ₹20 per executed order or 0.01% to 0.05%
  • Delivery Brokerage: Zero Brokerage
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order or 0.01% to 0.04%
  • Active Clients: 5983067
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, Digital Gold, Corporate FDs, Foreign Stocks, Currency Trading, Commodities Trading, F&O, PMS, Tax-Saving Investments, Retirement Planning, NRI Accounts, HNI Accounts, Minor Accounts
9
Read Review
#3Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Groww

  • Account Opening Charge: Free
  • Account Maintenance Charge: Free
  • Intraday Brokerage: ₹20 per executed order or 0.05%
  • Delivery Brokerage: Zero Brokerage
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order or 0.03%
  • Active Clients: 9185024
  • Investment Options: Equity, Mutual Funds., ETFs, Digital Gold, Corporate FDs, various tax-saving investment options, including ELSS funds, PPF, NPS, etc
8.5
Read Review
#4Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Zerodha

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹300
  • Intraday Brokerage: ₹20 per executed order or 0.03%
  • Delivery Brokerage: Zero Brokerage
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order or 0.03%
  • Active Clients: 7223525
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, Foreign Stocks, Currency Trading, Commodities Trading, F&O, PMS, Tax-Saving Investments, Retirement Planning, NRI Accounts, HNI Accounts, Minor Accounts
8.5
Read Review
#5Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

ICICI direct

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹700
  • Intraday Brokerage: ₹0.03% to 0.05%
  • Delivery Brokerage: 0.55% to 0.75%
  • Options Brokerage: ₹95 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clint: 1869925
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
8.5
Read Review
#6Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Kotak Securities

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹600
  • Intraday Brokerage: 0.03% to 0.05%
  • Delivery Brokerage: 0.49% to 0.59%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 1179674
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
8.5
Read Review
#7Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

HDFC Securities

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹700
  • Intraday Brokerage: 0.03% to 0.05%
  • Delivery Brokerage: 0.25% to 0.50%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 1088561
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
8.5
Read Review
#8Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Motilal Oswal

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹199
  • Intraday Brokerage: 0.05% to 0.15%
  • Delivery Brokerage: 0.50% to 0.75%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.05% to 0.15%
  • Active Clients: 874230
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
8.5
Read Review
#9Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

SBI Securities

  • Account Opening Charge: ₹499
  • Account Maintenance Charge: ₹500
  • Intraday Brokerage: 0.05% to 0.10%
  • Delivery Brokerage: 0.50% to 1.00%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.05% to 0.10%
  • Active Clients: 855994
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD
8
Read Review
#10Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Paytm Money

  • Account Opening Charge: Free
  • Account Maintenance Charge: Free
  • Intraday Brokerage: ₹20 per executed order or 0.05%
  • Delivery Brokerage: Zero Brokerage
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order or 0.02%
  • Active Clients: 814342
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD
8
Read Review
#11Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Sharekhan

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹400
  • Intraday Brokerage: ₹0.03% to 0.05%
  • Delivery Brokerage: 0.10% to 0.50%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 665129
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
8
Read Review
#12Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

5paisa

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹300
  • Intraday Brokerage: 0.05% to 0.10%
  • Delivery Brokerage: 0.10% to 0.25%
  • Options Brokerage: 0.05% to 0.10%
  • Futures Brokerage: 0.05% to 0.10%
  • Active Clients: 544270
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD
7.5
Read Review
#13Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

IIFL Securities

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹250
  • Intraday Brokerage: 0.05% to 0.05%
  • Delivery Brokerage: 0.05% to 0.50%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.05% to 0.05%
  • Active Clients: 437829
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#14Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Dhan

  • Account Opening Charge: Free
  • Account Maintenance Charge: Free
  • Intraday Brokerage: ₹20 per executed order or 0.03%
  • Delivery Brokerage: Zero Brokerage
  • Options Brokerage: ₹20 per executed order or 0.03%
  • Futures Brokerage: ₹20 per executed order or 0.03%
  • Active Clients: 434798
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#15Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Axis Direct

  • Account Opening Charge: ₹499
  • Account Maintenance Charge: ₹799
  • Intraday Brokerage: 0.05% to 0.10%
  • Delivery Brokerage: 0.50% to 1.00%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.05% to 0.10%
  • Active Clients: 357390
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#16Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Geojit

  • Account Opening Charge: ₹600
  • Account Maintenance Charge: ₹700
  • Intraday Brokerage: ₹0.03% to 0.05%
  • Delivery Brokerage: 0.15% to 0.30%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 243444
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#17Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

FYERS

  • Account Opening Charge: Free
  • Account Maintenance Charge: Free
  • Intraday Brokerage: 0.01% to 0.05%
  • Delivery Brokerage: 0.10% to 0.30%
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: 0.01% to 0.05%
  • Active Clients: 219169
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#18Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Choice Broking

  • Account Opening Charge: Free
  • Account Maintenance Charge: ₹200
  • Intraday Brokerage: 0.03% to 0.05%
  • Delivery Brokerage: 0.15% to 0.50%
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 194350
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7.5
Read Review
#19Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

SMC Global

  • Account Opening Charge: ₹499
  • Account Maintenance Charge: ₹300
  • Intraday Brokerage: 0.03% to 0.05%
  • Delivery Brokerage: 0.30% to 0.50%
  • Options Brokerage: ₹100 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 177541
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7
Read Review
#20Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

NUVAMA Wealth

  • Account Opening Charge: Free
  • Account Maintenance Charge: F₹500
  • Intraday Brokerage: 0.03% to 0.05%
  • Delivery Brokerage: 0.30% to 0.50%
  • Options Brokerage: ₹10 per executed order
  • Futures Brokerage: 0.03% to 0.05%
  • Active Clients: 174590
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7
Read Review
#21Top 21 Best Stock Brokers in India 2024: Compare & Trade Now : TheShareBrokers.com

Alice Blue

  • Account Opening Charge: ₹150
  • Account Maintenance Charge: ₹400
  • Intraday Brokerage: ₹20 per executed order
  • Delivery Brokerage: 0.01%
  • Options Brokerage: ₹20 per executed order
  • Futures Brokerage: ₹20 per executed order
  • Active Clients: 163460
  • Investment Options: Equity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity Derivatives
7
Read Review

FAQs

Which broker app is best for beginners in India?

Angel One is the best for beginners into stock trading apps as it not has a super user-friendly interface but is also provides specialized recommendations along with portfolio and single stock advisory services.

What are the top 5 brokerage firms for stock trading?

Looking from popularity standpoint, the top 5 brokerage firms for stock trading in India can  be concluded as  GROWW, Zerodha, Upstox, Angel One, and Paytm Money as they have the highest number of active users in India.

Which broker has the lowest charges?

With a standard brokerage rate of Rs 20 per trade, and no setup or annual maintenance fees, Paytm Money can be concluded of currently having the lowest brokerage charges in India.

What are the top 3 brokerage firms for demat accounts?

The top 3 brokerage firms for demat accounts are Zerodha demat account, GROWW demat account, and Upstox demat account.

Which broker has zero commission?

Upstox offers zero commission on delivery trades, making its affordable choice for traders

Which share broker is best for beginners in India?

Angel One is considered the best stock broker of beginners in India, as it has a user-friendly platform and detailed stock training courses.

Which broker is safest in India?

Zerodha, which is one of the oldest stock brokers in India, is till date considered as one of the safest and most reliable stock brokers in India owing to its proven track record of having strong regulatory compliance (SEBI and CDSL registered) and transparency of inherent charges to customers.

Which stock Broking company is best?

The best online brokerage company depends on factors such as individual trading/investment goals, risk level durability, and requirements. But GROWW app, Zerodha, Upstox, and Angel One are considered amongst the best stock broking companies in India. 

Which is the best platform for trading?

Zerodha, GROWW app, Upstox, and Angel One, are regarded as some of the best platforms for trading amongst customers pertaining to factors such as their safe and reliability, low-brokerage rates, user-friendly interface with detailed analytics tools for research. 

Who is the No. 1 stock broker in India?

Currently,  Zerodha can be considered as the overall champion and the No.1 stock broker in India. Their user-friendly app & platform, strong customer support, transparency of charges, wide range of investment products, and services tailored to the needs of Indian investor adds to the reason of having more than 1 crore loyal customer base constituting to  15% of all retail trading volumes in India.

Which broker is better than Zerodha?

Going by the number of current active users, GROWW app outpaced ZERODHA in 2023, and thus, can be considered better than ZERODHA.

Which broker is best for IPO?

Broker platforms like Zerodha, Upstox, and GROWW app that provides the important features  for IPO investment such as Direct IPO Apply process through UPI, Free or Zero Brokerage charges on IPO investment,  IPO application window on their mobile app for seamless transaction can be considered as the best broker for IPO investing.

Are online stock brokerage companies safe?

Yes, reputable online stock brokerage companies that adhere to strict regulatory standards to ensure the safety and security of client funds and transparency of its charges to customers. information.

What are the brokerage charges for stock broking?

 Brokerage charges vary depending on the broker and the type of trade. However, they typically range from a fixed percentage of the transaction value to a flat fee per trade.

Which share broker is best for stock trading?

For trading into the equity or stock market, GROWW app, Zerodha, Upstox, and Angel One are popular choices amongst customers due to their competitive brokerage charge, user-friendly platforms along with tools for research and market analytics.

Can I transfer my shares to others with help from a stockbroker?

Yes. Most of the stock Broking houses today facilitate with the option of transfer of shares between parties via their demat account.

Which is the oldest broker in India?

Incepted back in 1st April, 2000, Geojit Securities is considered the oldest stock broker in India. It was registered with the National Stock exchange (NSE) and was the first to offer internet trading in 2000. 

Who gives the best trading advice?

If you are looking for best trading advice , platforms line Angel One and ICICI Direct  are know for its analytics tools and recommendations it provides through it’s portfolio and single stock advisory services.

How do I find a stock broker?

Searching online is the best way to find a stockbroker. Some of the factors to be considered while researching and deciding upon your stock broker to choose includes online rating and customer reviews, Brokerage charges, Safety and reliability (if SEBI and CDSL registered), ease of usability of the interface and features offered.

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