Looking for the best stock broker in India? You’re in the right place.
Welcome to TheShareBrokers.com, your go-to destination for finding the most trusted stock brokers to start your trading journey. Whether you’re planning to invest for the long term or dive into daily trading, choosing the right broker is your first and most important step.
With so many brokers offering zero brokerage, free Demat accounts, and flashy features, it can get confusing fast. That’s why we’ve done the hard part for you.
We’ve compiled a detailed list of the top stockbrokers in India, including trusted names like Upstox, mStock, Angel One, Zerodha, HDFC Securities, Kotak Securities, 5Paisa, and more. In this guide, you’ll find everything from brokerage fees, account opening charges, to platform reviews, so you can confidently choose what works best for you.
 | Best for Overall Experience Most Popular - Upstox
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There are two categories of stockbrokers in India:
- Full-Service Brokers: Offer a wide range of products, expert research, and advisory support for personalized investing.
- Discount Brokers: Online-only brokers focused on low-cost trading, with no advisory or relationship management.
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List of Top Stock Brokers in India 2025
Broker Name | Rating | Account Opening Charge | Annual Maintenance Charge (AMC) | Equity Delivery Brokerage | Equity Intraday Brokerage |
Upstox | Free | Free | ₹20/order | ₹20/order | |
m.Stock | Free | Free | ₹0 | ₹5/order | |
Angel One | Free | ₹240 per annum | ₹20 or 0.1% | ₹20 or 0.03% | |
HDFC Securities | ₹0 | ₹0 | 0.10% | ₹0.01% | |
Zerodha | Free | ₹300 per annum | ₹0 | ₹20 per executed order or 0.03% | |
Kotak Securities | Free | ₹0 | ₹0 | ₹10 per order | |
5Paisa | ₹0 | ₹300 per annum | ₹20 per executed order | ₹20 per executed order | |
Axis Direct | Nil | ₹750 per annum (free for 1st year) | 0.50% | 0.05% | |
Motilal Oswal | Free | ₹199 (1st Year free) | 0.20% | 0.02% | |
SBICap Securities | ₹0 | ₹0 | 0.50% | 0.50% | |
ICIC Direct | ₹0 | ₹700 | 0.29% | 0.145% Brokerage on Intraday | |
Groww | ₹0 | ₹0 | Lower of ₹20 or 0.05% | Lower of ₹20 or 0.05% | |
Paytm Money | ₹200 | ₹0 | Lower of ₹20 or 2.5% | Lower of ₹20 or 2.5% | |
Geojit BNP Paribas | Free | ₹400 per annum | 0.30% | 0.03% | |
Nuvama | Free | ₹500 (1st Year free) | ₹20 per executed order) | ₹20 per executed order) |
Explore the 15 Best Stock Brokers in India (2025)
Let’s take a closer look at some of the top-performing share brokers in India right now. Whether you’re searching for a stockbroker near you or the best one overall, comparing their features, charges, and platforms side by side is key. This will help you figure out which broker truly deserves the spot of India’s best stockbroker in 2025, based on what actually matters to you.
1. Upstox
| Discount Brokers Upstox
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Upstox is one of the leading discount brokers in India, headquartered in Mumbai. Originally known as RKSV, the firm later rebranded to Upstox Securities Pvt. Ltd. Over the years, it has grown into a top choice for retail investors looking for reliable and affordable stock market services.
Founded in 2011 by Raghu Kumar, Ravi Kumar, and Shrinivas Vishwanath, Upstox quickly earned its name as one of the best stockbrokers in India. With low-cost services across segments like equity, currency, and futures, it’s ideal for both beginners and active traders.
Its trading platform is smooth, beginner-friendly, and built for performance. A seamless user experience, fast execution, and useful features make Upstox a solid pick for anyone opening a Demat account today.
Upstox Fees & Charges
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Brokerage charges: ₹20/order – Equity, F&O, Commodity and Currency
There are no charges to open an account with Upstox, and even equity delivery trades come at zero cost. This makes Upstox not just affordable, but one of the top stockbrokers in India for anyone looking to start trading without high upfront fees.
Upstox Trading Platforms
- Upstox Pro Web
A powerful web-based trading platform designed for all types of traders. It comes with advanced charting tools, real-time market data, and a customizable interface that keeps things fast, clean, and easy to use right from your browser.
- Upstox Nest Trader
This desktop-based platform is ideal for active traders who need speed and advanced tools. It supports multiple exchanges and offers features like market watchlists, direct market access, and highly customizable dashboards.
- Upstox Pro Mobile
Upstox’s mobile trading app gives you full market access on the go. Available on both Android and iOS, it supports trading across stocks, F&O, mutual funds, and more. With real-time data and intuitive charts, it’s designed for a seamless mobile trading experience.
Upstox Pros & Cons
| Pros | Cons |
| Flat ₹20 brokerage per trade across all segments including delivery, intraday, and F&O | Doesn’t offer unlimited monthly trading plans |
| lowest brokerage stockbroker in india | Does not offer 3-in -1 account |
| Backed by trusted names like Late Mr. Ratan Tata | |
| Free demat account opening and zero AMC with limited-time offers | |
| Quick and hassle-free 100% online account opening | |
| Margin against shares available for added flexibility |
Click here to open free account:
2. M.stock
m.Stock by Mirae Asset is one of the most talked-about zero brokerage stockbrokers in India. Launched by the globally trusted Mirae Asset group, this broker quickly made headlines by offering lifetime free trading across all segments without any hidden conditions.
m.Stock entered the Indian market with a bold promise: zero brokerage across equity delivery, intraday, F&O, and even currency for life.
Their platforms are fast, clutter-free, and built for both beginners and seasoned traders. The combination of deep financial expertise from Mirae Asset and clean digital execution gives m.Stock a competitive edge in India’s crowded broker space.
m.stock fees & charges
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Equity Delivery Brokerage: ₹0
- Brokerage charges: ₹5 per order Equity intraday, F&O.
m.Stock gives you unlimited trading for life. No hidden fees, no monthly charges, just true zero brokerage across equity, F&O, and currency. It’s one of the best low-cost brokers in India for serious investors and traders alike.
m.Stock Trading Platforms
- m.Stock Web
A fast and intuitive browser-based platform with smart UI, live market tracking, advanced charts, and smooth navigation. Great for users who prefer trading from their desktop without downloading software. - m.Stock Mobile App
Available on both Android and iOS, the app offers real-time data, fast order execution, and tools for quick decision-making. Whether you’re an intraday trader or a long-term investor, this app covers all the essentials.
m.stock Pros & Cons
| Pros | Cons |
| True zero brokerage across all segments for life with a one-time fee | Does not offer 3-in -1 account |
| Backed by Mirae Asset, a globally trusted financial brand | |
| Clean, fast, and modern trading platforms for mobile and web | |
| Free AMC and maintenance charges for demat and trading account | |
| Instant digital onboarding and account setup |
3. Angel One
 | Full-service discount broker Angel One
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Angel One is a well-established full-service broker in India with a strong reputation built over decades. Founded in 1987 by Dinesh Thakkar, this Mumbai-based firm has grown into one of the most trusted names in the Indian broking space.
Known for its deep industry experience and quality advisory services, Angel One serves a customer base of over 1 million across more than a thousand cities. It’s a registered depository participant with CDSL and a member of both NSE and BSE. For anyone looking for personalized advisory with a reliable brand name, Angel One stands tall among India’s best stock brokers.
Angel One Fees & Charges
- Account Opening Charges: ₹0
- Demat AMC: ₹240 per year
- Equity Delivery Brokerage: ₹20 or 0.1% per executed order
- Equity Intraday Brokerage: ₹20 or 0.03% per executed order
The Angel i-Trade Prime plan offers low flat-rate brokerage for all segments except equity delivery, which remains completely free, making it a strong choice for both active and passive traders.
Angel One Pros & Cons
| Pros | Cons |
| Flat ₹20 per order across all segments and exchanges | No 3-in-1 account integration with bank services |
| Strong reputation and legacy in the Indian brokerage industry | Doesn’t support trading in SME shares |
| Dedicated support and training sessions for beginner investors | |
| In-house research, stock recommendations, and expert advice available | |
| Free fund transfers via NEFT (many other brokers charge ₹10 per transaction) |
4. HDFC Securities
 | Full-service brokers HDFC Securities
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HDFC Securities is a leading full-service broker in India backed by HDFC Bank, one of the most trusted financial institutions in the country. Known for its strong banking-integrated services, HDFC Securities is ideal for customers who prefer a one-stop solution with high reliability.
Established in the year 2000, HDFC Securities offers a wide range of investment products including equity, derivatives, currency, mutual funds, IPOs, and bonds. Its biggest strength lies in the seamless 3-in-1 account feature, where your trading, demat, and bank accounts are all linked under one umbrella making fund transfers fast and hassle-free.
Whether you’re a new investor or a long-term trader, HDFC Securities offers powerful platforms, robust research tools, and premium support backed by the HDFC brand.
HDFC Securities Fees & Charges
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Equity Delivery Brokerage: 0.10%
- Equity Intraday Brokerage: 0.01%
Though slightly premium in pricing, HDFC Securities offers top-tier security, research, and banking integration that many investors prefer for long-term reliability.
HDFC Securities Trading Platforms
- HDFC Securities Web Platform
A secure and smooth trading interface accessible through browser. Offers access to live markets, charts, and order tracking along with easy fund transfer via linked HDFC Bank account. - HDFC Securities Mobile App
An all-in-one trading and investment app available on Android and iOS. It supports investments in stocks, mutual funds, IPOs, and fixed income products. - ProTerminal
A professional-grade trading platform built for active traders. Offers advanced analytics, heat maps, and in-depth research data.
HDFC Securities Pros & Cons
| Pros | Cons |
| Trusted full-service broker backed by HDFC Bank | Higher brokerage compared to discount brokers |
| Offers seamless 3-in-1 account integration for easy fund transfers | |
| Strong research support, daily reports, and investment recommendations | |
| Multiple trading platforms including ProTerminal for active traders | |
| Access to a wide variety of investment products beyond equities |
5. Zerodha
 | Discount Brokers Zerodha
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Zerodha is not just another discount broker, it’s the one that started it all. Launched in 2010 by Nithin Kamath, Zerodha has earned its place as one of the most trusted and recognized names in India’s stockbroking world.
The firm was built on the idea of making investing more affordable, and with over 6 million active users today, Zerodha holds the largest client base in the country.That kind of trust doesn’t come easy, it’s the result of transparent pricing, reliable platforms, and a consistent focus on making trading simple.
For anyone starting their investment journey, or even seasoned traders who prefer a no-nonsense platform, Zerodha remains a top choice across the board.
Zerodha Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹300 per year
- Equity Delivery Brokerage: ₹0
- Equity Intraday Brokerage: ₹20 per executed order or 0.03% whichever is lower
Zerodha was among the first to introduce free equity delivery trading, a move that turned heads back in 2015. That affordable model still continues, keeping it one of the most cost-effective brokers today.
Zerodha Pros & Cons
| Pros | Cons |
| India’s second largest stock broker by active clients. | Call-and-trade services are chargeable at ₹50 per order. |
| Over 6 million active customers, the highest in India. | Does not offer a 3-in-1 account (no direct integration with a bank account). |
| Zero brokerage on equity delivery trades. | |
| Fully online account opening process with minimal paperwork. | |
| Brokerage is capped at ₹20 per order for all other segments. | |
| Transparent and easy-to-understand brokerage structure. |
6. Kotak Securities
 | Full-service brokers Kotak Securities
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Kotak Securities is a full-service stockbroker that brings a mix of traditional experience and modern innovation. Launched back in 1994, the company is backed by Kotak Mahindra Bank and has become a strong name in the stockbroking space.
With over 1200 branches and a massive client base, it’s known for offering everything under one roof from banking to investments to trading. What sets Kotak apart is its tech-savvy approach. It was one of the first to introduce mobile trading apps and SMS alerts for tracking your portfolio, which was a game-changer at the time.
If you’re someone looking for a complete 3-in-1 account with added stability and support, Kotak Securities might just be the right pick.
Kotak Securities Fees & Charges
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Equity Delivery Brokerage: ₹0
- Equity Intraday Brokerage: ₹10 per order
Except this, Kotak Securities offers multiple pricing plans depending on the user type, including a youth plan for investors under 30 that offers reduced trading costs and no-account opening charges.
Kotak Securities Pros & Cons
| Pros | Cons |
| Comes with a 3-in-1 account (Demat, Trading, and Bank) for seamless transactions | Brokerage fees are on the higher side compared to newer brokers |
| Offers both investment and trading services in one place | Limited product options in the commodity market |
| Mobile trading app and SMS alert service add ease to monitoring and managing investments | Not the best pick for users looking for ultra-low-cost trading |
| Good support system with online chat and widespread branch presence |
7. 5Paisa
 | Discount brokers 5Paisa
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5Paisa is one of the newer-age discount brokers that has quickly climbed the ranks to be counted among the best stockbrokers in India. Launched in 2016 by Prakash Gagdani, the firm has made a name for itself by offering low-cost trading with quality service, a combo that clicks well with both new and experienced investors.
Even though the company operates primarily out of Mumbai with no widespread branch network, it still boasts a growing customer base of over 6 lakh+ investors. With a focus on affordability and digital innovation, 5Paisa continues to strengthen its position among India’s top stockbrokers.
5Paisa Fees & Charges
- Account Opening Charges: ₹0
- Demat AMC: ₹300 per year
- Equity Delivery Brokerage: ₹20 per executed order
- Equity Intraday Brokerage: ₹20 per executed order
With affordable delivery charges and order-based brokerage, 5Paisa is great for anyone who wants to trade actively without burning a hole in their pocket.
5Paisa Trading Platforms
- Trader Station Web
A lightweight and reliable browser-based trading platform where you can track, trade, and analyze across multiple asset classes with live data and technical indicators. - Trade Station EXE
Designed for serious desktop traders, this powerful trading terminal offers lightning-fast order execution and custom-built layouts for a personalized experience. - 5Paisa App
Their mobile trading app gives full control on the go, whether you’re trading stocks, mutual funds, or investing in insurance products. Real-time data and intuitive design make it a smooth experience across Android and iOS.
5Paisa Pros & Cons
| Pros | Cons |
| Flat ₹20 brokerage per order keeps trading affordable | No fixed monthly brokerage plans for high-volume traders |
| Supports investment in mutual funds, IPOs, and insurance | Robo-advisory tools lack personalization |
| Offers educational content and tips for beginners | Customer support service can be more responsive |
| Free and intuitive platforms across web, desktop, and mobile | |
| 100% digital account opening process |
8. Axis Direct
 | Full-service brokers Axis Direct
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Axis Direct is a full-service stockbroker backed by the trusted name of Axis Bank Ltd. It was founded in 2011 under the leadership of Arun Thukral and has since built a strong presence in the Indian broking industry, especially among traditional investors who prefer a bank-backed service.
Unlike discount brokers that focus heavily on online-only services, Axis Direct maintains a physical presence with over 75 branches across India. This offline support gives customers a sense of security and guidance, especially first-time investors who like in-person help.
One of its biggest advantages is the 3-in-1 account feature, which links your savings, trading, and Demat accounts in one place. This makes fund transfers and trade settlements effortless, giving Axis Direct an edge among full-service brokers in India.
Axis Direct Charges & Fees
- Account Opening Charges: Nil
- Demat AMC: ₹750 per year (1st year free)
- Equity Delivery Brokerage: 0.50%
- Equity Intraday Brokerage: 0.05%
Axis Direct also requires a margin balance of ₹25,000 to maintain active trading privileges.
Axis Direct Pros & Cons
| Pros | Cons |
| Backed by Axis Bank, a highly trusted and reputed brand | Brokerage is slightly higher than newer-age brokers |
| Offers a 3-in-1 account combining banking, trading, and Demat | Customer support isn’t always as quick or responsive |
| User-friendly web and mobile platforms with live market data | |
| Wide range of investment options such as stocks, mutual funds, IPOs, and more | |
| Free research reports, premium tools, and advisory services available |
9. Motilal Oswal
 | Full-service brokers Motilal Oswal
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Motilal Oswal is a well-known full-service stockbroker with its headquarters in Mumbai. The firm was founded in 1987 by Motilal Oswal and Raamdeo Agrawal, and over the years, it has grown into a massive financial services group with offerings that extend beyond stock broking.
From investment banking to wealth management, home finance, and private equity—the firm has a presence in every key financial vertical.
It’s not just about services; the company also boasts a widespread customer reach.
With over 40 lakh clients spread across 500+ cities, Motilal Oswal has become one of the most trusted names in Indian finance. Their strength lies in their high-quality research and advisory services, which are consistently rated among the best in the industry.
For investors looking for a reliable partner in their wealth-building journey, Motilal Oswal stands out as one of the top stock brokers in India.
Motilal Oswal Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹199 per year (1st year free)
- Equity Delivery Brokerage: 0.20%
- Equity Intraday Brokerage: 0.02%
But their brokerage plans vary based on customer profile and trading volume, but overall, it’s positioned well for full-service clients who expect more than just low-cost trades.
Motilal Oswal Pros & Cons
| Pros | Cons |
| Strong legacy and trust—serving customers for over three decades | Brokerage is higher compared to discount brokers |
| Offers full-service advisory, research reports, and investment planning | Mobile app experience may feel dated for some users |
| Wide presence in over 500 cities with 40+ lakh clients | |
| Excellent research and recommendation quality—ideal for long-term investors | |
| Offers PMS (Portfolio Management Services), IPOs, Mutual Funds, Insurance, and more |
10. SBICap Securities
 | Full-service broker SBICap Securities
|
SBICap Securities is the broking arm of India’s most trusted and largest bank (State Bank of India). Originally known as SBI Capital Securities, this public-sector full-service broker started operations in 2006 under the leadership of Arun Mehta, and since then, it has grown steadily into one of the best stock brokers in India.
Much of its strength comes from the trust associated with the SBI brand. Whether it’s domestic or NRI clients, a huge part of their retail customer base comes from the convenience of SBI’s banking ecosystem and a well-connected branch network.
SBICap offers a wide basket of services such as IPOs, ETFs, Bonds, Fixed Deposits, Mutual Funds, and more, making it a one-stop shop for investors looking for both banking and investment under the same roof. This versatility, combined with brand credibility, gives it a solid edge in the Indian stockbroking scene.
SBICap Securities Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Equity Delivery Brokerage: 0.50%
- Equity Intraday Brokerage: ₹20 per executed order
While the brokerage rates are higher than discount brokers, the benefit of end-to-end services with the SBI tag makes it appealing for traditional investors. The minimum margin requirement of ₹25,000 is something to keep in mind.
SBICap Securities Pros & Cons
| Pros | Cons |
| Backed by India’s largest public sector bank SBI. | Higher brokerage charges compared to newer discount brokers |
| Offers a complete suite of financial services including equity, MF, FDs, IPOs, and more | Hidden charges reported by some users |
| Access to expert research reports and market insights | Strict margin rules not suitable for all types of traders |
| Well-integrated mobile and web trading platforms | Physical branches are fewer compared to major players |
| Good NRI services and 3-in-1 account offering with SBI |
11. ICIC Direct
 | Full-service brokers ICIC Direct
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ICICI Direct is the retail trading arm of ICICI Bank, one of the most trusted banks in India. This full-service broker has been around since 1994 and has grown into one of the most reliable names in the industry.
With over 20 lakh+ active customers, it’s clear that ICICI Direct knows what Indian investors are looking for. It offers everything under one roof, from online equity trading and IPOs to mutual funds, fixed deposits, bonds, and even home loans.
What really makes ICICI Direct stand out is the 3-in-1 account feature, which links your bank, trading, and Demat accounts together. This makes the whole investing process super smooth, no need to transfer funds manually.
And since ICICI is already a household name, people naturally feel more comfortable trusting it with their money. Plus, it has branches spread all across India, making it even more accessible.
ICICI Direct Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹700 per year
- Equity Delivery Brokerage: 0.29%
- Equity Intraday Brokerage: 0.145%
The brokerage here is definitely on the higher side, especially if you compare it with discount brokers. But the ease of use, trust factor, and wide product range make it a solid pick for long-term investors.
ICICI Direct Pros & Cons
| Pros | Cons |
| Trusted name i.e. backed by ICICI Bank | Brokerage charges are a bit high |
| Offers a 3-in-1 account, it leads easy fund transfer | Not the best choice for active intraday traders |
| Wide range of products like stocks, IPOs, FDs, and more | Some tools and features are locked under premium plans |
| Good for beginners due to simple and reliable platform | Research and reports could be more detailed |
| Pan-India branch access for offline support |
12. Groww
Groww is one of the most popular modern trading platforms in India that grabbed attention with its simple and beginner-friendly interface.
It started in 2016 as a mutual fund platform and later entered stockbroking. What makes Groww stand out is its clean app design, easy navigation, and a smooth trading experience that even first-time investors can understand.
The platform is completely app-based, with no offline branches or physical offices. But that hasn’t stopped it from becoming one of the best stockbrokers in India with a growing number of young investors choosing it.
Groww Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹0
- Equity Delivery Brokerage: Lower of ₹20 or 0.05%
- Equity Intraday Brokerage: Lower of ₹20 or 0.05%
With zero AMC and free delivery trades, Groww is a low-cost and transparent platform that works well for simple investors.
Groww Pros & Cons
| Pros | Cons |
| Clean and easy interface ideal for beginners | No call and trade service |
| Zero brokerage on equity delivery | Doesn’t offer a 3-in-1 account |
| Flat ₹20 charges on intraday and F&O | No physical office or branch support |
| Free mutual fund investments and digital gold | Lacks advanced trading tools |
| Completely paperless account opening |
13. Paytm Money
Paytm Money is the stockbroking arm of Paytm, one of India’s most trusted fintech companies. It entered the stock market scene in 2019 and has quickly gained popularity for its low brokerage charges and seamless integration with the Paytm app.
The platform is best suited for budget-conscious investors who want everything in one app, including stocks, mutual funds, NPS, ETFs, and digital gold. Its ease of use and simplified process has made it a good choice for new-age traders.
Paytm Money Charges & Fees
- Account Opening Charges: ₹200
- Demat AMC: ₹0
- Equity Delivery Brokerage: Lower of ₹20 or 2.5%
- Equity Intraday Brokerage: Lower of ₹20 or 0.05%
Paytm Money offers a competitive pricing model with a flat fee structure, making it a practical option for cost-saving investors.
Paytm Money Pros & Cons
| Pros | Cons |
| Free equity delivery trading | No 3-in-1 account option |
| Flat ₹20 per order for intraday and F&O | No offline branch support |
| Supports investments in NPS, ETFs, digital gold | Limited charting and analysis tools |
| Fully online account opening process | Customer service can be improved |
| Easy integration with existing Paytm app |
14. Geojit BNP Paribas
 | Full-service brokers Geojit BNP Paribas
| Read Full Review |
Geojit BNP Paribas Group is a full-service public domain broker, well-known for its strong presence in the southern part of India. Over the years, it has established itself as one of the best stock brokers in India by offering a balanced mix of relationship management, advisory services, and educational training.
The firm holds a customer base of more than 987,000 clients and a nationwide presence with 479 branches, which shows how far its reach goes. Apart from this wide offline network, the firm has also introduced a dedicated telephone helpline that lets customers place orders and get assistance directly over a call.
This personalized approach and continuous innovation have helped Geojit gain a firm position among the top share market brokers in India. Some of the services offered include mutual funds, equities, currency futures, and stockbroking.
Geojit BNP Paribas Charges & Fees:
- Account Opening Charges: ₹0
- Demat AMC: ₹400 per year
- Equity Delivery Brokerage: 0.30%
- Equity Intraday Brokerage: 0.03%
The fee structure may not be the lowest in the market, but it matches the quality of service and the range of options they provide.
Geojit BNP Paribas Pros & Cons
| Pros | Cons |
| Wide branch network with 479 offices across India | Brokerage charges are slightly higher than some discount brokers |
| Offers margin trading facility for extra buying power | ₹20 per lot or 1 paisa per share, whichever is higher, can add up |
| Seamless trading platforms across devices | Some users have reported hidden or unclear charges |
| Free account opening and smooth onboarding | |
| Global presence with offices in UAE, Oman, Bahrain, and Kuwait for NRI support |
15. Nuvama Wealth (Edelweiss)
 | Full-service broker Nuvama
| Read Full Review |
Nuvama Wealth, earlier known as Edelweiss, is one of those dependable names you can count on when looking for a trusted stockbroker. It’s been around for over 20 years, offering a wide range of services with fast execution and solid customer support. Whether you’re into bonds, F&O, mutual funds, insurance, gold ETFs, or IPOs, Nuvama has something for everyone.
One of the standout points is their guided portfolio services. If you’re someone who likes a little help while building investments, they provide options like small case services, curated portfolios, and even portfolio organizers to manage everything in one place.
Nuvama Wealth Charges & Fees
- Account Opening Charges: ₹0
- Demat AMC: ₹500 per year (1st year free)
- Equity Delivery Brokerage: ₹20 per executed order
- Equity Intraday Brokerage: ₹20 per executed order
Here’s why Nuvama Wealth is considered one of the solid choices in the market:
Nuvama Wealth Pros & Cons
| Pros | Cons |
| Comes with the benefits of a full-service broker, while also offering a discount brokerage plan for more flexibility. | Call & Trade facility comes at an extra cost of ₹20 per call, which might not suit everyone. |
| Lets you easily invest in IPOs directly through the platform. | Monthly fee of ₹50 is charged if you want access to their research and trading calls. |
| Has a strong offline presence across India with plenty of branches and franchises for easy customer access. | Doesn’t support Bracket Orders or GTC (Good-Till-Cancelled) orders, which could limit some advanced traders. |
FAQs (Frequently Asked Questions)
Which is the best stock broker app for beginners in India?
If you’re just starting out, the Upstox Pro app is hands-down the best stock trading app for beginners in India. Its simple interface, smooth navigation, and zero-brokerage on delivery trades make it beginner-friendly and budget-friendly too.
What are the top 5 stockbrokers in India right now?
Based on popularity and trust, the top 5 stockbrokers in India currently are Upstox, Angel One, HDFC SKY, Zerodha, and Kotak Securities. These firms are known for solid platforms, good customer service, and investor-friendly pricing.
Which broker charges the lowest brokerage fees in India?
When it comes to lowest brokerage charges, Upstox and mStock is clearly the winner. It offers trades at just ₹20 per order and 5 per order and has zero account opening or maintenance fees, which is perfect for cost-conscious traders.
Which is the best broker for opening a Demat account in India?
The top 3 brokers for opening a Demat account in India are Upstox, Zerodha, and Angel One. They offer a fully online, paperless setup with zero or minimal fees, and a seamless trading experience
Which broker gives zero commission on investments?
Upstox is among the few that provide zero commission on mutual funds and IPO investments, which makes it a solid pick for long-term investors.
Which stockbroker is the safest in India?
Upstox continues to be one of the safest brokers in India. It’s registered with SEBI and CDSL, follows all regulations, and has a clean track record. Plus, it’s transparent with its charges, which builds even more trust.
Who is the best stock broker in India?
Choosing the “best” depends on your trading goals, but in general, Upstox, Angel One, and Zerodha are considered the best stockbrokers in India today based on user experience, features, and overall value.
Which is the most reliable trading platform in India?
Upstox Pro and Angel One app are among the most reliable platforms for trading. Both offer powerful analytics tools, real-time updates, and an easy-to-use dashboard suited for both beginners and pros.
Who is the No. 1 stockbroker in India right now?
Upstox takes the top spot as the No. 1 stockbroker in India at the moment. With over 1 crore users and a massive 15% share of retail trading volume, it’s the go-to choice for many Indian investors.
Which broker is better than Zerodha?
While Zerodha is a strong name, Upstox is often considered better due to its wider product offerings, better app interface, and more customer-centric features, especially for new-age traders.
Which is the best broker for IPO investment?
For IPO investments, Upstox and Angel One stand out. They offer seamless UPI-based IPO applications, zero charges on IPO orders, and a smooth app experience to track and apply on the go.
Are online stock brokers in India safe to use?
Yes, most top online stock brokers like Upstox, mStock, Angel One, and Zerodha follow SEBI regulations and use secure systems to protect your funds and data. Just make sure to pick a SEBI-registered broker.
How much do brokers charge for stock trading in India?
Brokerage charges in India typically range from ₹20 per trade in discount brokers to a percentage-based fee with full-service brokers. Flat fee brokers like Upstox are much more economical if you trade often.
Can I transfer my shares to others with help from a stockbroker?
Yes. Most of the stock Broking houses today facilitate the option of transfer of shares between parties via their demat account.
Can I transfer shares to someone else with help from my broker?
Which is the oldest stockbroker in India?
Angel One (Angel Broking) is one of the oldest stockbrokers in India. It started operations in 1987 and was also among the first to launch online trading for Indian investors.
Who provides the best stock market advice in India?
If you’re looking for quality research and stock tips, Angel One and ICICI Direct are great choices. Both offer expert insights, research reports, and personalized advice that can really help in making smart trading decisions.
How do I choose the right stockbroker in India?
To choose the right stockbroker, look at factors like brokerage charges, ease of use, features on the platform, safety (SEBI/CDSL registration), and user reviews. A little research goes a long way, and it’s best to go with a broker that balances cost and reliability—like Upstox or Angel One.
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