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Best Stock Broker in India 2022 | Compare Top 10 Stockbrokers

Best Stock Broker in India – Overview

First of all, you need to know that, In India, the best stock broker is a stockbroker in terms of overall best Customer Experience – A stock broker is a registered person who buys and sells stocks on behalf of the client through the stock exchange, and in return, they charge their fee from the client. Now we have to find out which stockbroker offers the most features and less money.

Best stock broker in India – Qualities

Features and qualities of the best stockbroker like low brokerage cost, best trading platform and easy user interface of the application, good support and price transparency, and they offer the best Demat and trading accounts, best customer care services, and checkout broker’s customer reviews and rating. The broker who has all these qualities will come to the list of the top 10 best stock brokers Let’s start…

Who is a Stock Broker?

A stockbroker is a licensed investor who buys and sells stocks on behalf of his or her customers. A licensed agent or financial adviser is another name for a stockbroker.

In India, shares of a company may be purchased or sold on stock exchanges such as the NSE and BSE. However, ordinary citizens are not permitted to purchase and sell stock directly on exchanges.

Brokerage companies and broker-dealers are also known as stockbrokers. Which covers both full-service and discount brokers, who conduct trades but do not have personalized investing guidance.

Most online traders, at least at their most limited rate of service, are discount brokers, meaning that trades are executed for free or for a nominal set-price fee. Many online brokers now charge higher rates for service providers.

There are Mainly Two Categories of Stock brokers in India:

#1. Discount Stock Broker:

In India, the discount broker has introduced in 2010, A discount broker is a type of online stock broker, they are buying and selling stocks at lower commission rates as compared to a full-service broker. They are technology-driven brokers with low operating costs. For more details please visit.

#2. Full-service Stock Broker:

A full-service broker is a licensed financial brokerage firm that provides its clients with a range of services for which you pay commissions and fees and in return provides their investment expertise, advice, trading recommendations, and services. For more details please visit.

Point To Be Noted While Choosing The Best Stock Broker in India:

History of Stock Brokers In India:

Before selecting the Best stock broker in India, it is important to conduct a thorough background check on the brokerage houses. One of the most common methods is to visit the brokers’ websites and read through client testimonials and feedback.

It is important to learn everything you can about the online stockbroker, such as how long he has been in the business. What is the broker’s track record? Stockbrokers’ fees and services, among other things. Since he will be overseeing the portfolio, researching every aspect will ensure that you have found the right stockbroker.

Brokerage Cost (fee) of stock brokers in India:

This is also another critical element in determining the best stock broker in India. To run the trades, the brokers you choose charge a percentage of the trading fees or commission rate. It is important to remember that a broker’s fee has an effect on the return you get. If the online stock broker’s commission is on the high side, it will have an impact on your financial budget so you would have to pay a higher fee each time you make a sale. In this situation, it’s a good idea to look at and compare the commission rates of various brokers before opening an account.

Trading Platform of Stock Brokers in India:

The best stock broker in India facilitates stock trading electronically by providing a trading platform or app. This applies to the fact that the platform you are using should be user-friendly and secure.

When selecting an online Stock broker, you must ensure that the platform you are getting has all of the requisite capabilities, such as running charts and analyzing data in real-time. Can you get reminders or updates when stock prices change? Is it capable of meeting your trading needs, or is it a complete waste of time? It is strongly recommended that you first get a prototype of the platform from the broker to get the necessary guidance to run the program effectively.

Research Trading Tools And Education Provided by Stock Brokers:

The instructional material and trading facilities offered by the broker are important considerations when choosing an online stockbroker in India. Most reliable online brokers usually provide free instructional resources such as charts, news articles, webinars, e-courses, and seminars. Nevertheless, the quality of these goods varies depending on the broker you use. It is also important to choose the best stock broker that provides its customers with high-quality trading tools and instructional materials.

Account Opening & AMC Charges of Stock Broker:

Opening an account online is simple and can be done from the comfort of your home. Almost all top online brokers charge zero or a few hundred rupees as account opening fees, but AMC charges vary from one stockbroker to another.

Customer Support Provided by Stock Brokers:

There are a lot of stockbrokers available nowadays, however, the broker who provides excellent customer service can be considered the best stock broker in India. Clients generally prefer brokers who respond to their inquiries quickly. Poor customer service can upset them and cause them to look for other options. Customer support can be provided by e-mail or phone. As a result, make sure the broker you choose is readily available to provide you with the highest level of satisfaction.

List of Top 10 Best stock broker in India 2022

RankingStock Broker NameStock Broker Rating
4.Angel Broking9.10/10
5.Motilal Oswal9.01/10
7.Edelweiss 8.80/10
8.IIFL Securities8.70/10
9.ICICI Direct8.60/10
10.Kotak Securities8.40/10

FAQs On Best stock broker in India:

Which is the best stock broker in India?

According to My analysis, There are two types of stock brokers available in India.

In terms of the discount brokers category, Zerodha, Upstox, and Angel Broking (Angel One) are the best discount brokers in India because they are ranked among the top stock brokers list. They handle a large no of clients base.

In terms of the Full-service broker category, ICIC, HDFC, Kotak Securities and Sharekhan are the best full-service brokers in India because these are also ranked on the top stock brokers list and this is the most popular stock broker in India.

Which stock broker is best for beginners in India?

Zerodha, Angel One, and Upstox are Best for beginners in Terms of the discount broker category and they are charges low brokerage and fix brokerage charges.

Note: As a beginner investor you can always go through full-service brokers because they provide tips tricks recommendations and more services available but they charge high brokerage.

Which is the cheapest stock broker in India?

There are more than 200+ stock brokers available in India, In this category, credit goes to discount brokers because they provide the lowest brokerage charges in India. Example: Upstox, Zerodha, 5Paisa, and more Discount brokers are available.

Note: One thing you need to be cautious about is the broker you can consider the cheapest, may not be the perfect one for you. Therefore, you need to choose wisely.

Which is the oldest broker in India?

Sharekhan, Motilal Oswal, and Angel One (Angel Broking), these brokers are the oldest stock broker in India and they started a brokerage service in the early 90s.

Which broker is safest in India?

All the stockbrokers included in the above list are 100% safe.

Which stock broking Company is best?

Here is the List of best Stock Broking Companies in India 2022:

1. Zerodha- Top stock broking companies For overall.
2. Upstox- Best stock broking company for Beginners.
3. Angel one- Best stock broking company for Mobile.
4. 5paisa.- Best stock broking companies for lowest brokerages.
5. ICICI direct.- Best Banking Broker for beginners.
6. HDFC Securities.- Top banking brokerage companies in India.
7. Kotak Securities. Best stock broking companies for advance Traders.

Which is the best platform for trading?

Each stock trading platform is different. And now, each broker offers a unique stock trading platform to choose from, which transforms the overall trading experience.

When selecting a broker, investors should weigh investment opportunities, trading methods, market analysis, initial education, customer care, and ease of use.

Here is the List of Top Trading Platforms in India For Trading:

1. Zerodha Kite: The best Trading platform Overall.
2. Upstox Pro: Best Trading Platform for Beginners.
3. Angel One Speed Pro: Best Trading Platform for Mobile.
4. 5Paisa Trader Terminal: Best trading Platform for Low cost.
5. Sharekhan Trade Tiger: Best trading Platform For Advance Traders.

Which broker is best for IPO?

Here is the List of Top Trending Stock Broker For Ipo Investment.

1. Upstox.
2. 5Paisa.
3. Zerodha.
4. Angel Broking.

How do I find a stock broker?

Verify that the broker you choose has open pricing policies that are publicly explained on their website. For novice investors and traders, the policies of stock brokers in India can be surprising. If they want a seamless, hassle-free experience, they need to choose the right brokerage house.

What is the role of a stockbroker?

For a fee or commission, stockbrokers buy and sell stocks over the counter or through a stock exchange on behalf of general and institutional clients.

How do beginners buy stocks?

Stock trading process for beginners:

1. Choose the Best Stock Broker.
2. Open Account With top Demat account providers.
3. Comprehend share prices.
4. Stock market technical and fundamental knowledge.
5. Understand how to stop the loss.
6. Consult an expert.
7. Begin with a safer stock.

Can I trade without a broker?

Demat accounts can be opened through a DP without the help of a broker, however, to trade in the stock market, you need to open a trading account through a broker or sub-broker that is registered with SEBI. There are many brokers who provide services for a low brokerage fee.

Are online stock brokerage companies safe?

Yes, it is safe to buy and sell stocks from licensed stock brokers.

What are the brokerage charges for stockbroking?

Brokers are intermediaries or brokers who assist us in the purchase and sale of stocks, derivatives (such as futures and options), and some other financial instruments. Brokers charge a commission cost for the services they provide.

However, the brokerage is not the only charge that consumers must pay. The net amount charged to stock/commodity brokers includes a variety of costs, fines, and taxes.

Which share broker is best for the stock?

Zerodha and Upstox is the best broker for stock trading. and They provide advanced trading platforms and low brokerage charges and free brokerage on equity delivery trading.

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

Transferring a whole stock exchange portfolio or specific securities from one brokerage to another is possible. The Automated Customer Account Transfer Service (ACATS), is a consolidated mechanism that allows you to transfer an entire account. If you own shares in a certain manner, such as directly from a firm or via a paper stock certificate, you can also pass it to a brokerage house.

Compare Top Stock Brokers in India – Review of Best Stock Broker in India

Here, We analyze one by one best list of the Top 10 Stock brokers in India, and their Trading Platforms, Trading apps, Brokerage Charges, margins, Advantages & Disadvantages (Pros & Cons), Account Opening Charges & AMC, & More

#1. ZERODHA Review:

Zerodha | Best Stock Broker in India
Zerodha Logo

Zerodha is India’s biggest stockbroker it introduced the concept of the discount broking model in the year 2010 by brothers Nithin Kamath and Nikhil Kamath. Zerodha With its brokerage method, it is regarded as one of the fastest and largest rising discount brokers. & This is also the best broker for intraday trading.

Zerodha is primarily known as the best discount broker and the first largest stockbroker in India, here is the list of top stock brokers in India. With the support of technology advanced trading tools, and a three-way trading platform is also considered the best trading platform.

Zerodha now contributes over 15% of India’s fewer, total retail business volume, with a customer base of over 3 million. It is best for keeping high-volume trades with minimum margin requirements. The broker charges a flat. 20 for intraday and F&O trades.

Zerodha Brokerage Charges:

Trading Segment typeBrokerage Charges
Equity DeliveryZero
Equity Intraday0.03% or Rs 20/trade whichever is lower
Options (Equity, commodity, & currency)Rs 20/trade
Futures (Currency & Commodity)0.03% or Rs 20/trade whichever is lower

Zerodha Margin/Exposure/Leverage:

Trading Segment typeTrading Margin
Equity Intraday ( MIS)3X
Equity Cover Order(CO)/ Bracket Order (BO)4X-15X
Equity F&O1X-9X
Equity F&O MIS3X-20X
Equity F&O CO/BO10X-25X
Currency FuturesUp to 5X
Currency OptionsUp to 8X
CommoditiesUp to 10X

Zerodha Account Opening & AMC Charges:

Account typeCharges
Trading account annual maintenance chargesRs. 0
Commodity Account100
Trading and Demat account opening charges200
Demat account annual maintenance charges300

Zerodha Trading Platforms:

Zerodha Trading Platforms:
Zerodha Trading Platforms

 Kite 3.0 (Web-based Trading Platform):

  • Kite 3.0 is a web-based trading platform that helps you find 90,000+ stocks and F&O contracts on stock exchanges with zero latency.
  • For deeper insights into liquidity, Kite 3.0 20 reveals market depth or Level 3 data. It brings in Advanced charting, a Sleek user interface, Real-Time widgets

Kite 3.0 Mini (Mobile Trading App):

  • Kite is a mini version of bandwidth consumption having a kite 3.0 trading platform of fewer than 0.5 Kbps mobile application. 
  • The application is compatible with both Android and iOS. You will get all the features of Kite 3.0 in the Kite app. 
  • 2FA login – application a biometric (iOS fingerprint and face ID) for better security. You can monitor live streaming data from BSE, NSE, and MCX with the Trading and Kite application.

For more details article please visit the Best Trading App in India.

Zerodha Pi (Desktop-based Trading platform):

  • Zerodha Pi is an installable desktop trading terminal that is still easy to trade. Zerodha is now promoting the Kite 3.0 platform. 
  • Pi helps you trade in segments in BSE, NSE, and MCX, which have advanced charting, Algo, strategy, and backing.

Advantages & Disadvantages of Zerodha:


  • India’s largest stockbroker
  • 50 million + customers – the highest in India
  • Zero brokerage on delivery trades
  • The maximum brokerage for other segments is capped at Rs 20.
  • 100% open online account – no paperwork
  • Easy to understand the brokerage structure.


  • Calls and trades are paid at a rate of 20 rupees per trade.
  • Not a 3-in-1 Demat account

Zerodha Customer Feedback:

Product & Services9.7 / 10
Broking Experience9.63 / 10
Trading Platform9.59 / 10
Research & Advisory9.25 / 10
Brokerage Charges & Fees9.71/ 10
Overall Rating9.4/10
Customer Rating★★★★★

#2. UPSTOX Review:

Upstox | Best Stock Broker in India
Upstox Logo

Upstox is India’s largest and fastest-growing discount stockbroker. And they are on their way to becoming one of India’s top 10 best stock brokers list and this is also a High leverage broker in India.

Upstox was formerly known as RKSV Securities outside of Mumbai. After returning from the United States, four entrepreneurs founded Upstox. Mr. Ratan Tata, Kalari Capital, and GVK Devices are among the major investors in Upstox.

Upstox is the best choice for high-volume traders (up to 15X) who want low brokerage and a good trading platform. Regardless of trading volume, you can only pay Rs 20 an intraday, F&O, currencies, and commodities. The delivery of stock is free.

Upstox Brokerage Charges:

Trading Segment typeBrokerage Charges
Equity DeliveryZero
Equity(Intraday & Futures)0.05% or Rs 20/trade whichever is lower
Options (Equity, Currency, & Commodity )Rs 20/trade
Futures (Currency, & Commodity)0.05% or Rs 20/trade whichever is lower

Upstox Margin/Exposure/Leverage:

Trading Segment typeBasic PlanPriority Plan
NSE/BSE Cash15X20X
Index Futures3X6X
Stock Futures3X3X
Index Option Sell3X6X
Stock Option Sell3X3X
NSE Currency4X4X
MCX Futures2.5X3X

Upstox Account Opening Charges:

Account Type Charges
Demat Account Opening ChargesRs 0
Trading Account Opening ChargesRs 150 for equity, currency, and F&O and Rs 150 separate for commodities
Trading Account Annual Maintenance Charges (AMC)Rs 0
Demat Account Annual Maintenance Charges (AMC)Nil for the first year and Rs 150 from the second year onwards

Upstox Trading platform:

Upstox Pro Trading platform
Upstox Trading platform

Upstox Pro Web (Web-based Trading platform):

  • Upstox Pro web is a web-based trading platform that makes use of socket technologies to provide quicker access to real-time market data. You can trade directly from the map if you so like.
  • Advanced features like API integration, algo trading, strong maps, and 100+ technical metrics help you conduct in-depth stock and market research with Upstox Pro Web.
  • One-click trading also allows you to buy and sell easily. To get out of trading early, set your order priority.

Upstox NEST Trader (Desktop-based Trading Platform):

  • Nest Trader is a desktop trading app for partnerships that allow you to keep an eye on the market in real-time, position orders, and buy and sell shares.
  • Applications may be installed on a desktop or laptop computer.

The Multi-monitor view of the NEST trader has the following features:

  • The interface can be customized
  • The use of advanced charting
  • Latency is low.

Upstox Pro Mobile (Mobile Trading App):

  • Upstox Pro Web is a smartphone app that allows you to track, monitor, and trade using charting tools and over 100 technical analyses.
  • Both Android and iOS smartphones will use the Upstox Pro mobile trading platform.

Advantages & Disadvantages of Upstox:


  •  One of the first brokerage firms in India to provide discount brokerage services.
  • Zero Brokerage on Delivery trades is backed by the likes of Mr. Ratan Tata.
  • There are no fees associated with opening a Demat account (Limited Period Offer).
  • There is no need to fill out any paperwork when you open an account online.


  • The cost of a call and trade is Rs 20 per trade.
  • Good orders Till Cancelled (GTC) Up to aren’t provided in the Delivery segment.

Upstox Customer Feedback:

Product & Services9.64/ 10
Broking Experience9.53 / 10
Trading Platform9.05/ 10
Research & Advisory9.24 / 10
Brokerage Charges & Fees9.77/ 10
Overall Rating9.37/10
Customer Rating★★★★★

#3. 5Paisa Review:

5Paisa | Top Stock Broker in India
5Paisa Logo

5Paisa is a top online stock broker that charges flat Rs. 10 per order under the Power Investor and Ultra Trader packs. However, for stock distribution trades, you must pay up to Rs. 20 per order.

You will be given a single account for stock investing, mutual funds, and insurance investments.

The 5paisa mobile app is currently the best mobile trading app in India. The software is extremely simple to use and provides an excellent user experience.

5Paisa Brokerage Charges:

Trading Segment TypeBasic PackPower Investor PackUltra Trader Pack
Plan ChargesNo ChargesRs 499/monthRs 999/month
Monthly Brokerage Cashback00Up to Rs 1000
Equity (Intraday, & Delivery )Rs 20/OrderRs 10/OrderRs 10/Order
Equity (Futures, & Options)Rs 20/OrderRs 10/OrderRs 10/Order
Currency (Futures, & Options)Rs 20/OrderRs 10/OrderRs 10/Order

5Paisa Account Opening & AMC Charges:

Account TypeCharges
Trading Account Opening Charges (One Time)Rs 0
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0 (Free)
Demat Account Opening Charges (One Time)Rs 0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 540 (charged as Rs 45/ traded month)

5Paisa Margin/Exposure:

Trading Segment TypeBasic PackPower Investor PackUltraTrader Pack
Equity Delivery4x | As per the exchange4x | As per the exchange4x | As per the exchange
Equity Intraday20x20x20x
Equity Futures4X4X4X
Equity Options writing Margin – sell4X4X4X
Currency Futures3x | both3x | both3x | both
Currency Options writing, aren’t Margin – sell3x | sell only3x | sell only3x | sell only
Commodity Futures Margin current and near month4x4x4x
Commodity Options MarginNILNILNIL

5Paisa Trading Platforms:

5Paisa Trading Platforms:
5Paisa Trading Platforms:

Trader Station Web(web- browser trading platform):

  • The 5Paisa “Trader Station Site” is an online trading platform that can be accessed via a web browser such as Chrome, Firefox, or Safari.
  • 5Paisa Trader Station Web provides a complete overview of your portfolio, investments, and assets through equity and mutual funds.

Trade Station EXE (desktop-based trading platform):

  • The 5Paisa “Trade Station EXE” is a desktop-based trading terminal that is ideally suited for regular traders who need advanced trading features.
  • Trade Station EXE provides real-time info, advanced intraday charts, as well as historical stock market prices for analysis.

5Paisa App (Mobile Trading App):

  • The 5Paisa mobile trading app is a small version of the trade station, with trading, Robo analysis, and advisory services.
  • The app allows users to purchase stocks, exchange equity, and currency futures and options, and invest in mutual funds and shares.
  • The 5Paisa app can also be used to purchase insurance and obtain personal loans.

Advantages & Disadvantages of 5paisa:


  • Brokerage plans are very profitable, with Rs20 per executed order.
  • It is possible to invest in IPOs, mutual funds, as well as insurance.
  • India Infoline Limited is a well-known parent company (IIFL).
  • In the case of discount brokers, case studies and tips are given, which is unusual.


  • Fixed monthly brokerage plans are not available.
  • Customer support is subpar.
  • The suggestions are primarily robotic in nature and are solely dependent on their techniques.

5Paisa Customer feedback:

Product & Services9.29/ 10
Broking Experience9.23 / 10
Trading Platform9.14/ 10
Research & Advisory9.45/ 10
Brokerage Charges & Fees9.03/ 10
Overall Rating9.16/10
Customer Rating★★★★★

#4. Angel Broking Review:

Angel Broking | Best Stock Broker in India

Angel Broking is a full-service broker that has gone, a discount broker.  The organization is ranked among India’s top 10 full-service brokers. They even used to pay on a percentage basis.

However, as a result of intense competition from discount brokers, they now have decided to adopt the discount brokerage model.  Angel Broking is a reputable best online stock broker founded in 1987 and currently has a presence in over 900+  cities with an 8500+ sub-broker system.  Their client base is estimated to be 20 lakhs.

Angel Broking Brokerage Charges:

Trading Segment TypeBrokerage Charges
Equity DeliveryZero
Equity (Intraday,  Futures & Options)Rs 20/Trade
Currency (Futures & Options)Rs 20/Trade
Commodity (Futures & Options)Rs 20/Trade

Angel Broking Account Opening Charges:

Account TypeCharges
Demat Account Opening ChargesNIL
Trading Account Opening ChargesNIL
Demat Account Annual Maintenance Charges (AMC)Free for the first year, Rs450 from the second year onwards
Trading Account Annual Maintenance Charges (AMC)NIL

Angel Broking Margin/Exposure:

SegmentLeverage Offered
Equity DeliveryUp to 3X with 24% interest per year
Equity IntradayUp to 10X
Equity FuturesUp to 4X
Equity OptionsUp to 3X for Shorting
Currency FuturesUp to 2X
Currency OptionsUp to 5X for Shorting
Commodity FuturesUp to 3X
Commodity OptionsUp to 2X

Angel Broking Trading Platforms:

Angel Broking Trading Platforms
Angel Broking Trading Platforms:

Angel Broking App ( Mobile Trading App):

  • You can trade using the Angel Broking mobile app on your smartphone. The system is available both with smartphone and iOS operating systems.
  • The app can also be used to search various indices, view ledgers, the agreement notes, and P&L documents, and pass funds and stocks.

Angel EYE ( Web-based Trading Platform):

  • Angel EYE  Platform is a web-based trading platform on which you can sell and trade in mutual funds, commodities, currencies, mutual funds, shares, and IPOs.
  • The Angel Broking Trade network can be used to handle the wealth/accounts of the whole household with a standard username.

Angel Speed Pro ( Desktop-based Trading Platform):

  • Angel Speed Pro is a laptop/desktop trading app that can be used to trade on many PCs.
  • Speed Pro is useful for keeping track of your portfolio, receiving quick market coverage, and updating live market data in an excel spreadsheet.

Advantages & Disadvantages of Angel Broking:


  • Trading websites with advanced features
  • One of India’s most reputable brands.
  • Artificial Intelligence (AI)-based investment fund.
  • Sub dealers and franchises form a large part of the company’s network.
  • Research analyses and advice are provided by a great team of financial experts.


  • There is a fee of Rs 20 on all calls and trades.
  • Isn’t available Demat account of three functions (three-in-one)

Angel Broking Customer feedback:

Product & Services9.02/ 10
Broking Experience9.32 / 10
Trading Platform8.99 / 10
Research & Advisory9.46/ 10
Brokerage Charges & Fees9.23/ 10
Overall Rating9.10/10
Customer Rating★★★★★

#5. Motilal Oswal Review:

Motilal Oswal | Best Stock Broker in India

Motilal Oswal is a full-service stockbroker with over three decades of business experience and a reputation for providing sound research advice.

Motilal Oswal is also a list of the top 10 best stock brokers in India,  The company has an in-house research group that tracks over 260 businesses and securities across 21 industries. In practice, they invest about 10% of their income in testing and recruiting, and preparing for research. As a result, the MOSL research paper is well recognized.

Motilal Oswal provides regular, weekly, monthly, quarterly, and annual reports on financial markets, businesses, and different industries, as well as price forecasting and thematic reports.

Motilal Oswal Brokerage Charges:

Trading Segment TypeBrokerage Charges
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity OptionsRs 100/lot
Currency Futures0.05%
Currency OptionsRs 20/lot
Commodity Futures0.03%
Commodity OptionsRs 20/lot

Motilal Oswal Account Opening Charges:

Motilal Oswal charges a heavy account opening fee. Despite the fact that it is more like most full-service brokers at times.

Transaction TypeCharges
Demat Account Opening ChargesRs 1000
Trading Account Opening ChargesNIL
Demat Account Annual Maintenance Charges (AMC)Rs 299 Per year
Trading Account Annual Maintenance Charges (AMC)NIL

Margin/Leverage Offered By MOSL:

Trading Segment TypeLeverage Offered
Equity DeliveryUp to 4X with interest
Equity IntradayUp to 20X
Equity FuturesUp to 3X
Equity OptionsNo Leverage
Currency FuturesUp to 2X
Currency OptionsNo Leverage
Commodity FuturesUp to 3x
Commodity OptionsNo Leverage

Motilal Oswal Trading Platforms:

Motilal Oswal Trading Platforms
Motilal Oswal Trading Platforms

MO Investor & MO Trader (Web-based trading platform):

  • MO Investor is a web-based financial wellness and trading platform that integrates Robo Wealth with ACE (advice on a combination of equities). Both tools assist you in selecting the best stock and provide competent investing advice.
  • Share price scanners, advanced charting with 9 technological metrics, and the ability to position bulk orders are also included in this trading platform.
  • MO Trader is an innovative trading tool that allows you to use 19 screeners, build multi-asset watch lists, and receive real-time cutting-edge strong analysis advisory.

Motilal Oswal (Desktop-based Trading Platform):

  • Motilal Oswal’s desktop app includes tick-by-tick stock price indexes, over 40 metrics, and the ability to build a multi-asset watchlist.
  • When trading, traders have access to analysis reports as well as specialized instruments such as Market Guide Alert, Option Writer, and Option Decode.

MO Investor App and MO Trader App (Mobile Trading apps):

  • MO Investor and MO Trader apps are available for both Android and iOS devices.
  • In reality, they are a scaled-down version of their comprehensive counterparts.

Advantages & Disadvantages of Motilal Oswal:


  • Excellent exchange sites that are beneficial to all types of traders.
  • One of India’s most reputable brokerage firms
  • The large sizable franchise network


  • Many questions about secret costs are not clarified by the salesperson until the account is opened.
  • There is no 3-in-1 Demat account.
  • Account Opening Fees Are Expensive

Motilal Oswal Customer feedback:

Product & Services9.2 / 10
Broking Experience9.3 / 10
Trading Platform8.9 / 10
Research & Advisory8.4 / 10
Brokerage Charges & Fees8.23/ 10
Overall Rating9.0/10
Customer Rating★★★★★

#6. Sharekhan Review:

Share Khan stock broker in India

ShareKhan is one of India’s finest full-service brokers, with over two decades of experience, and 2 million dependents, Sharekhan was founded in the year 2000 as part of the SSKI groups. They are NSDL-affiliated Depository Participants (DP).

They also have a large number of agents and franchises in India, with over 550 outlets. Sharekhan has over 1800 offices and is also present in Oman and the United Arab Emirates.

Traders can screen and specify possible stocks using ShareKhan’s smart searching and investing trend finder & notification software. Portfolio management, mutual fund investing, and bond lending are also examples of their value-added services.

ShareKhan is not only appropriate for beginner investors, and also for experienced investors. Trade Tiger is one of the most well-known best trading apps in India.

Sharekhan Brokerage Charges:

Trading Segment TypeBrokerage Charges
Equity Delivery0.50% (minimum 10 paise per share)
Equity Intraday (on both legs)0.10% (minimum 5 paise per share) 
Equity Futures (1st leg)Equity Futures (2nd leg)0.10% 0.02%
Equity Options (both legs)2.5% (minimum Rs. 100 per lot)
Currency Futures (1st leg)Currency Futures (2nd leg)0.10% (minimum 0.01 paise)Nil
Currency Options (1st leg)Currency Options (2nd leg)2.5% or a minimum of Rs. 30 per lotNil
Commodity Futures (1st leg)Commodity Futures (2nd leg)0.10% Nil 
Commodity Options2.5%, maximum brokerage – Rs. 250 per lot

Sharekhan Account Opening Charges:

Demat Account Opening ChargesNIL
Trading Account Opening ChargesNIL
Demat Account Annual Maintenance Charges (AMC)Free for the first year, Rs400 from the second year onwards
Trading Account Annual Maintenance Charges (AMC)NIL

Sharekhan Margin/Leverage:

SegmentLeverage Offered
Equity DeliveryUp to 5X with 24% interest per year
Equity IntradayUp to 10X
Equity Futures & OptionsUp to 2X
Currency Futures & OptionsUp to 2X
Commodity Futures & OptionsUp to 2X

Sharekhan Trading Platforms:

Sharekhan Trading Platforms
Sharekhan Trading Platforms

Sharekhan website (Web-based trading platform):

  • Sharekhan is a web-based online trading platform that includes features like smart discovery, fund tracker, and sophisticated tracking including trading, reading, monitoring, and investing. From the Sharekhan website, people can directly access the trade sector.

Sharekhan Trade Tiger (Desktop-based trading platform):

  • Trade Tiger is a robust desktop trading platform with functionality similar to those seen in a broker’s terminal. 
  • Trade Tiger’s trading app is available in two models.
Specification detailsTrade Tiger BasicTrade Tiger Advanced
For IndividualsProfessional Traders
PC Works on Pentium 4 Processor or lowerWorks on Pentium Dual Core Processor or higher
Operating systemWin 7, Win 8Win 7 & above
ProcessorIntel Dual CoreIntel Dual Core
Disk Space40 MB1GB

 Sharekhan Mobile App (Mobile Trading App):

  • The Sharekhan App is available for both Android and iOS users. The platform makes investing and mutual fund transactions easier.

Sharekhan Mini:

  • Sharekhan Mini is a variant of the main Sharekhan site. Whenever you want to exchange on the go or have such a slow internet connection, this edition is ideal. Sharekhan Mini does not require app installation and is available on mobile, desktop, and laptop computers.

Advantages and disadvantages of Sharekhan:


  • It is absolutely free to open to call and trade.
  • There are no fees for transferring funds from a bank to a trading account or vice versa.
  • Free online trading classes for beginners and experienced traders.
  • It has a wide presence across India and can be accessed from all major cities.
  • Prepaid brokerage plans are available to reduce brokerage costs.
  • Sharekhan has one of the best trading platforms available (Trade tiger).


  • Because of the minimum brokerage provision, which costs 10/paise per share, trading in stocks trading below Rs 20 is just not profitable.
  • Sharekhan does not have a three-in-one Demat account.
  • There is no choice to position orders after trading hours.
  • Commodity exchange services are not available to traditional account holders.
  • Brokerage fees are far higher than the Rs20 charged by Zerodha.
  • It outperforms even other full-service brokers like Motilal Oswal.

Sharekhan Customer feedback:

Product & Services8.77/ 10
Broking Experience9.23 / 10
Trading Platform8.78 / 10
Research & Advisory8.41 / 10
Brokerage Charges & Fees8.30/ 10
Overall Rating8.90/10
Customer Rating★★★★★

#7. Edelweiss Review:

Edelweiss | Best Stock Broker in India
Edelweiss Logo

Edelweiss is one of the stockbrokers to choose from if you need a dependable stockbroker. its services are also fast, and as a result, it has made a name for itself in the industry. Edelweiss broking has been in the market for over two decades, so you can invest and trade in bonds, futures (F&O), mutual funds, insurance, gold ETFs, and IPOs.

If you need guided portfolio management assistance, Edelweiss broking is the way to go. They offer guided portfolios, small case services, and portfolio organizers.

Edelweiss Brokerage Charges:

Edelweiss has offered two brokerage plans:

Trading Segment TypeEdelweiss LiteEdelweiss Elite
Equity DeliveryRs. 10 per executed order0.30%
Equity IntradayRs. 10 per executed order0.03%
Equity FuturesRs. 10 per executed order0.03%
Equity OptionsRs. 10 per executed orderRs. 75 per lot
Currency FuturesRs. 10 per executed order0.02%
Currency OptionsRs. 10 per executed orderRs. 20 per lot

Edelweiss Margin/Exposure:

Trading Segment TypeLeverage Offered
Equity DeliveryUp to 10X with interest
Equity (Intraday & Futures)Up to 40X
Equity Up to 40X
Equity OptionsNo Leverage
Currency FuturesUp to 1.5X
Currency OptionsNo Leverage
Commodity FuturesUp to 6x

Edelweiss Account Opening & AMC Charges:

Account TypeEdelweiss LiteEdelweiss Elite
Account OpeningRs. 0Rs. 0
AMC ChargesFirst Year – FreeSecond Year onwards – Rs. 300First Year – FreeSecond Year onwards – Rs. 500

Edelweiss Trading Platforms:

Edelweiss Trading Platforms
Edelweiss Trading Platforms

Terminal X3 (TX3) (Desktop-based trading platform):

  • Terminal X3 (TX3) is a desktop-based trading terminal with speed, 60+ advanced metrics for advanced index, and informative database management.
  • The Terminal X3 display can be transformed through widget-sized boxes, resulting in multiple displays that help you monitor and exchange multiple assets.

Edelweiss Mobile Trader(Mobile Trading App):

  • The software works for both Android & apple applications. The Edelweiss mobile trader app allows you to display various chart styles such as Heiken Ashi, Renko, Points & Figure, Candlestick, and OHLC (open, high, low, & close).
  • The Edelweiss smartphone trader has parts devoted to the equity, derivatives, and commodity markets.

Advantages & disadvantages of Edelweiss Stockbroker:


  • One of India’s most reputable consulting and guidance firms
  • Brokerage plans for both buyers and traders are available.
  • Excellent offline presence, with over 4300 sub-brokers spread throughout India’s major cities.
  • Freephone calls and a trade center
  • Excellent and dependable trading platforms for all users


  • Excessive account maintenance fees
  • There is no 3-in-1 Demat account.

Edelweiss Customer feedback:

Product & Services8.9/ 10
Broking Experience8.2 / 10
Trading Platform8.6 / 10
Research & Advisory8.5 / 10
Brokerage Charges & Fees8.2/ 10
Overall Rating8.8/10
Customer Rating★★★★★

#8. IIFL Securities Review:

IIFL Securities | Best Stock Broker in India

IIFL Securities Ltd (IIFL) is one of India’s best full-service stockbrokers. The IIFL Demat account is appropriate for investors who want guidance and support for analysis during investment decisions. The IIFL team will support you promisingly and generously.

But when working with IIFL, it should be remembered that you should pay for your trading and valuation investment in a percentage-based brokerage. Here, a plan with 3 separate brokerage plans, like variable courier, value-added brokerage, or uniform brokerage, may be selected or authorized.

IIFL Brokerage Charges:

  • Stock delivery – Free 
  • Intraday, futures & options – Flat Rs 20/trade

IIFL Account Opening & AMC Charges:

Account TypeCharges
Trading & Demat account opening charges Free (limited time offer)
Annual maintenance chargesFirst Year – FreeFrom Second Year onwards – Rs. 250

IIFL Trading Platforms:

IIFL Trading Platforms
IIFL Trading Platforms

Trader Terminal (TT Web-based trading platform):

  • Trader Terminal is a web-based trading platform that allows you to trade easily while also providing access to stock updates and advisory directly on their trading desk.

IIFL Markets App (Mobile Trading APP):

  • The IIFL Market App is available for both Android and iOS devices. The software has a rating of 4.0 on Google Play. On the app, users can use the advanced dashboard as well as IIFL viewpoints and updates.

Advantages & Disadvantages of IIFL:


  •  Full-service broker with a large network of branches in India and around the world.
  • Both consumers get free equity and mutual fund analysis and advisory services.
  • One of the advanced trading platforms is ‘Trader Terminal.
  • Options, derivatives, bonds, IPOs, MFs, Corporate FDs, and insurance are among the financial instruments available.
  • For trade assistance, use RM (Relationship Manager) services.


  • It is not a three-in-one Demat account.
  • There are no intraday tick-by-tick maps available in the Investor Terminal (IT)

IIFL Customer feedback:

Product & Services8.6/ 10
Broking Experience8.3 / 10
Trading Platform8.5 / 10
Research & Advisory8.9 / 10
Brokerage Charges & Fees8.3/ 10
Overall Rating8.7/10
Customer Rating★★★★★

#9. ICICI Direct Review:

ICICI Direct | Top Stock Broker in India
ICICI Direct logo

ICICI Direct is one of India’s biggest and most dependable stockbrokers. Its consumers have complete faith in ICICI Direct’s services. It is an ICICI Bank online brokerage brand. ICICI Direct, a full-service stockbroker, offers a wide variety of banking products as well as stockbroking services.

ICICI Direct has access to loans (auto, home), savings, E-Locker, NPS, mutual fund investment, investment consulting, IPO, and wealth management services.

ICICI Direct Brokerage Charges:

ICICI has an I-Secure plan, Prepaid brokerage plan, ICICI Direct Prime plan, and ICICI Direct Neo plan. 

Brokerage charges for the I-Secure plan:

On the basis of quarterly sales, a variable percentage of brokerage is paid.

Trading Segment TypeBrokerage Charges
Equity Delivery0.55% (including buy and sell)
Equity Intraday0.275% ( the second leg is not charged)
Equity Futures0.050% plus a flat brokerage of Rs. 50 on the second leg
Equity OptionsRs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg
Currency / Commodity Futures & OptionsRs. 20 per order

Brokerage charges under Prepaid Brokerage plan:

Prepaid valueDelivery brokerageIntraday/ FuturesEquity OptionsCurrency F&OCommodity Futures
Rs. 5,0000.25%0.025%Rs. 35 per lotRs. 20 per orderRs. 20 per order
Rs. 12,5000.22%0.022%Rs. 30 per lotRs. 20 per orderRs. 20 per order
Rs. 25,0000.18%0.018%Rs. 25 per lotRs. 20 per orderRs. 20 per order
Rs. 50,0000.15%0.015%Rs. 20 per lotRs. 20 per orderRs. 20 per order
Rs. 1,00,0000.12%0.012%Rs. 15 per lotRs. 20 per orderRs. 20 per order
Rs. 1,50,0000.09%0.009%Rs. 10 per lotRs. 20 per orderRs. 20 per order

 Brokerage charges under ICICI Direct Prime plan:

Prime PlanScheme validity Delivery brokerageIntraday/ FuturesEquity OptionsCurrency F&OCommodity Futures
Rs. 299365 days0.27%0.027%Rs. 40 per lotRs. 20 per orderRs. 20 per order
Rs. 999365 days0.22%0.022%Rs. 35 per lotRs. 20 per orderRs. 20 per order
Rs. 1,999365 days0.18%0.018%Rs. 25 per lotRs. 20 per orderRs. 20 per order
Rs. 2,999365 days0.15%0.015%Rs. 20 per lotRs. 20 per orderRs. 20 per order

ICICI Direct Neo Plan:

Equity IntradayRs. 20 per order
Equity FuturesRs. 0 per order
Equity OptionsRs. 20 per order
Currency F&ORs. 20 per order
Commodity F&ORs. 20 per order

ICICI Direct Account Opening & AMC Charges:

Account TypesCharges
Trading and Demat account opening chargesRs. 0
Trading account annual maintenance chargesRs. 0
Demat account annual maintenance chargesRs. 700

Margin/Leverage offered by ICICI Direct:

Trading segment TypeLeverage Offered
Equity DeliveryUp to 5X with 24% interest per year
Equity IntradayUp to 25X
Equity FuturesUp to 4X
Equity OptionsUp to 2X for Shorting
Currency FuturesUp to 2X
Currency OptionsUp to 5X for Shorting

ICICI Direct Trading Platforms:

ICICI Direct Trading Platforms
ICICI Direct Trading Platforms

ICICI Trade Racer:

  • The ICICI Trade Racer trading platform is available in online, desktop, and smartphone versions.
  • Trade Racer includes a price and trends Scanner, as well as a Live Scanner, to aid in analysis and trading. Trade Racer also provides “Heat maps” to help you spot market movements.

Advantages & disadvantages of ICIC direct:


  • 3-in-1 Demat account, simplified fund flow.
  • One of the most well-known names in the brokerage industry.
  • A one-stop shop for both savings and insurance.


  • One of the brokers with the highest brokerage charges.
  • Commodity trading is not assisted.
  • The mobile app is not up to par.
  • The minimum brokerage provision makes it prohibitively costly for small businesses and newcomers.
  • There is no brokerage calculator offered.

ICIC direct customer feedback:

Product & Services8.72/ 10
Broking Experience8.20 / 10
Trading Platform8.90 / 10
Research & Advisory8.31 / 10
Brokerage Charges & Fees8.07/ 10
Overall Rating8.65/10
Customer Rating★★★★★

#10. Kotak Securities Review:

Kotak Securities | Best Stock Broker in India
Kotak Securities Logo

Kotak Securities, which is backed by Kotak Mahindra Bank, is a full-service stockbroker with a network in 400 cities and 2000 branches and franchisees.

Among the services provided are investments in stocks, derivatives, mutual funds, initial public offerings (IPOs), and exchange-traded funds (ETFs). You should also opt into fund management and in-house analyst consultancy services.

Kotak Securities Brokerage Charges:

Trading Segment Type Brokerage Charges
Equity (Delivery & Intraday)0.49%
Equity OptionsRs 300/lot
Futures (Equity, Commodity, & Currency) 0.049%
Options (Currency & Commodity)Rs 20/lot

Kotak Securities Account Opening & AMC Charges:

Trading Account TypeCharges
Trading Account opening feesRs. 750
Demat Account opening feesRs. 0
Trading account AMC chargesNil
Demat Account AMC Charges Rs. 50 per month

Margin/Exposure Offered By Kotak Securities:

Trading Segment TypeLeverage Offered
Equity DeliveryNo Leverage
Equity IntradayUp to 50X
Equity FuturesUp to 12X to 15X
Equity Options200 times for selling
Currency FuturesUp to 2X
Currency Options50 times for selling

Kotak Securities Trading Platforms:

Kotak Securities Trading Platforms
Kotak Securities Trading Platforms

KEAT Pro X (Desktop-based Trading Platform):

  • KEAT Pro X is a desktop-based trading platform for stocks and currencies. You can swap, watch live rates, make a target list, and keep track of your portfolio.

Kotak Stock Trader (Mobile Trading Application):

  • Kotak Stock Trader is a smartphone-based trading app that is available on both Android and iOS smartphones. You can trade from anywhere, track your portfolio, monitor the market, and view indexes, reports, and data analysis.

Advantages & Disadvantages of Kotak Securities :


  • provide a 3-in-1 Demat account that allows for the smooth transfer of funds
  • Both investing options are available under one roof.
  • Above-average exchange sites, as well as support for traders with poor internet connections
  • Online chat with the support staff is available.


  • There is little funding for the product market.
  • Brokerage fees are excessive, particularly as compared to other full-service brokers.

Kotak Securities Customer feedback:

Product & Services8.59/ 10
Broking Experience8.16 / 10
Trading Platform8.00 / 10
Research & Advisory8.63 / 10
Brokerage Charges & Fees8.12/ 10
Overall Rating8.40/10
Customer Rating★★★★★

Top 20 Stock Broking Company in India with Most Active Clients:

Sr.NoBrokerActive Clientsoverall rating
3ICICI Direct1,780,2338.6/10
4Angel Broking1,564,6679.1/10
5HDFC Securities967,0858.73/10
7Kotak Securities793,2068.4/10
10Motilal Oswal569,0349.1/10
12SBI Securities329,1998.29/10
13IIFL Securities291,8308.7/10
17SMC Global136,8638.03/10
18Nirmal Bang133,2138.19/10
19Alice Blue130,2238.63/10
20Reliance Securities127,3078.74/10

Find Top Online Stock Brokers in India Given Below:

Axis DirectPaytm MoneySBICap Securities
Kotak SecuritiesVentura SecuritiesArihant Capital
Indiabulls Ventures Anand RathiKarvy
SAMCOGeojit FinanceTradebulls
Aditya Birla MoneyReliance SecuritiesYes Securities
MastertrustSMC GlobalReligare Securities
Alice Blue OnlineNirmal BangProfitmart
IDBI DirectJM FinancialAstha Trade
Choice BrokingStandard Chartered SecuritiesFyers
GrowwCanmoneySAS Online

What is the best stock broker for beginners in India?

If you are new to the stock market, you would need the best stock broker for beginners to help you with your savings. The National Stock Exchange and the Bombay Stock Exchange are the two most important exchanges in India. However, the average person cannot trade directly from these markets. As a result, a common middleman is needed. These middlemen, also known as stockbrokers, assist you with purchasing and selling practices.

List of Top 9 Best stock brokers in India 2022 for beginners (Updated): stock brokers for beginners
6Angel One
8Motilal Oswal

What to expect from the Best stock brokers in India for beginners:

  • Best online trading platform.
  • Customer support.
  • Offer a wide range of products.
  • Broker has a well-known brand in the industry.
  • Feedback from customers (rating).
  • Assistance with dealing.
  • Reasonably priced brokerage fees.
  • Customers’ Education.

Several stockbrokers in India have the best stock brokerage services as well as a strong trading platform for newcomers by providing the lowest brokerage. Furthermore, equity trading can always be conducted with extreme caution, discipline, and emphasis. At the moment, we can assume that Zerodha is the best online stock broker for beginners and ranks first among the top stock brokers.

Conclusion on Best Stock Broker in India – 2022:

There are various Stock Brokers in India, In this article, I’ve attempted to explain to Pick one best Stock Brokers from the list of top 10 Stock Brokers in India to help you choose the best for your Trading requirements.

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