Are you searching for the best broker in Indian stock market but confused by endless choices, complex charges, and flashy promises? You’re not alone. With trading apps and brokers multiplying every year, picking the right one can feel overwhelming. This guide, based on the latest 2025 data from verified sources, will help you make a confident, informed decision—placing Upstox at the top for its unbeatable blend of low cost, advanced features, and reliability.
Are you tired of high brokerage fees, slow trading platforms, or a lack of useful features? Every trader—whether a beginner or a pro—wants a broker that offers low charges, seamless technology, and solid support. The right choice can boost your profits and make trading stress-free. In this article, you’ll discover the best broker in Indian stock market for 2025, with a detailed comparison of top players, their charges, and features. All insights are based on current data from Chittorgarh, SEBI, Forbes India, and leading broker reviews, so you can trust the advice you’re getting.
Top 7 Brokers in Indian Stock Market (2025)
Here are the top brokers leading the Indian stock market, ranked by cost, technology, and user experience.
1. Upstox (Top Pick for 2025)
Upstox is one of India’s fastest-growing brokers, trusted by over 2.7 million active clients as of March 2025. SEBI-registered and founded in 2010, Upstox is known for its transparent pricing, advanced trading tools, and user-friendly platforms. It offers trading in equities, derivatives, commodities, and currencies—all in one app.
Why Choose Upstox?
- Flat ₹20 per executed order for equity, F&O, currency, and commodities—no hidden fees.
- Zero account opening and maintenance charges, making it affordable for new and experienced traders.
- No brokerage on IPOs and mutual funds, so you can invest without extra costs.
- AI-powered tools for stock analysis and trading decisions, helping you trade smarter.
- Advanced platforms: Upstox Pro for traders with hundreds of indicators, option chain analysis, and multi-chart setups.
- Margin Trading Facility and margin against shares for extra buying power.
- Quick online account opening—get started in just 15 minutes.
- Comprehensive support: Online help center, WhatsApp updates, and responsive customer care.
Key Features
- TradingView integration for advanced charting and analysis.
- Basket orders, cover and bracket orders, and GTT (Good-Till-Triggered) orders.
- Real-time market data and instant order execution.
- Free educational resources through Uplearn and live news updates.
- DP Charges: ₹20 + GST per scrip per day on sell transactions.
2. Zerodha
Zerodha is India’s largest broker by active clients (7.88 million as of March 2025). It’s famous for its low-cost model, free equity delivery trades, and robust Kite trading platform.
Why Choose Zerodha?
- Free equity delivery trades and flat ₹20 or 0.03% per executed order for intraday, F&O, and commodities.
- Kite platform with advanced charting and ecosystem tools like Coin for direct mutual funds.
- Pay-as-you-go pricing and no prepaid plans.
Key Features
- Algo trading, APIs, and direct mutual fund investment.
- NRI trading available (offline process).
- Good-Till-Triggered (GTT) orders and fast mobile app.
3. Angel One
Angel One (formerly Angel Broking) is known for its reliability, wide investment options, and research-backed insights.
Why Choose Angel One?
- Flat ₹20 per executed order for most trades.
- Comprehensive research and advisory services.
- Strong customer support and user-friendly app.
Key Features
- Multiple investment products
- Educational resources for all levels
4. ICICI Direct
ICICI Direct is a full-service broker offering a 3-in-1 account with integrated banking, trading, and demat services13.
Why Choose ICICI Direct?
- Integrated bank and trading account for seamless transactions.
- AI-based advisory tools and robust research ecosystem.
- Trusted brand with strong offline support.
Key Features
- Wide range of products: Equities, mutual funds, ETFs, IPOs.
- Portfolio management services
5. 5paisa
5paisa is a discount broker popular for its flat fee model and data-backed investment suggestions.
Why Choose 5paisa?
- Flat ₹20 per executed order across all segments.
- No account opening fees and integrated research/advisory.
- All-in-one account for stocks, mutual funds, and more.
Key Features
- Tailored investment suggestions
- User-friendly mobile app
6. Dhan
Dhan is a new-age broker with a high-speed, ultra-light interface and free research tools.
Why Choose Dhan?
- Flat ₹20 brokerage per transaction.
- No account opening or maintenance charges.
- Margin Trading Facility and seamless experience for HDFC Bank customers.
Key Features
- Fast onboarding
- Integrated bank and trading account
7. Kotak Neo
Kotak Neo, from Kotak Securities, combines the group’s expertise with a versatile trading platform1.
Why Choose Kotak Neo?
- Integrated with Kotak Bank
- Comprehensive suite of services for traders and investors1.
Key Features
- Secure and reliable
- AI-powered tools
Comparison Table: Best Brokers in Indian Stock Market (2025)
| Broker | Active Clients (Mar 2025) | Brokerage (Equity/F&O) | Account Opening | AMC | Key Features |
| Upstox | 2,747,330 | ₹20/order | ₹0 | ₹0 | AI tools, TradingView, zero MF/IPO fee |
| Zerodha | 7,888,964 | ₹20/order or 0.03% | Nominal | Nominal | Kite, Coin, GTT, direct MF |
| Angel One | Data not specified | ₹20/order | ₹0 | Nominal | Research, advisory, app |
| ICICI Direct | Data not specified | Varies | Varies | Varies | 3-in-1, AI advisory, research |
| 5paisa | Data not specified | ₹20/order | ₹0 | Nominal | All-in-one, research, low cost |
| Dhan | Data not specified | ₹20/order | ₹0 | ₹0 | Ultra-light, no AMC, margin trading |
| Kotak Neo | Data not specified | Varies | Varies | Varies | Kotak integration, AI tools |
How to Choose the Best Broker in Indian Stock Market
- Brokerage Charges: Prefer flat, transparent pricing (like Upstox’s ₹20/order) to avoid surprises.
- Platform Technology: Look for advanced charting, fast execution, and mobile compatibility.
- Product Range: Ensure access to equities, F&O, commodities, currencies, IPOs, and mutual funds.
- Research and Tools: AI-powered analysis, real-time data, and educational support are key for smart trading.
- Account Opening & AMC: Zero or low fees make it easier to start and maintain your account.
- Customer Support: Quick, reliable help is essential, especially during market volatility.
Frequently Asked Questions (FAQs)
1. Who is the best broker in Indian stock market in 2025?
Upstox stands out for its low cost, advanced tools, and user-friendly platform, making it the best broker for most traders in 2025.
2. What are Upstox’s brokerage charges?
Flat ₹20 per executed order for equity, F&O, currency, and commodities. No brokerage for IPOs and mutual funds.
3. Does Upstox charge AMC?
No, there are zero account maintenance charges for new accounts.
4. Is Upstox safe and regulated?
Yes, Upstox is SEBI-registered and uses robust security measures.
6. Which broker has the largest active client base?
Zerodha leads with nearly 7.9 million active clients as of March 2025.
7. What are DP charges at Upstox?
₹20 + GST per scrip per day on sell transactions.
8. Does Upstox offer advanced trading tools?
Yes, including TradingView integration, option chain analysis, and AI-powered research.
9. Is account opening with Upstox fully online?
Yes, you can open an account in just 15 minutes online.
10. Does Upstox support margin trading?
Yes, Upstox offers margin trading and margin against shares.
Conclusion
Choosing the best broker in Indian stock market is crucial for maximizing your returns and enjoying a smooth trading experience. In 2025, Upstox leads the way with its flat ₹20 per order pricing, zero AMC, advanced AI tools, and a platform trusted by millions. Whether you’re a beginner or a pro, Upstox empowers you to trade smarter, invest confidently, and reach your financial goals. Ready to upgrade your trading? Open your Upstox account today and experience the difference!
