Do you have a problem of finding the best brokerage to trade in India and you are lost in a pool of options? There are so many brokers out there offering low commissions, strong platforms, and excellent customer services that it is hard to keep up. As a novice or an experienced trader, the choice of broker is the key to trading success. This article is written on the basis of the latest available information of the reliable sources such as Chittorgarh, SEBI, Forbes India, and Finology that will assist you in making an informed decision.
Top 5 Best Brokerages for Trading in India (2025)
The following is a well-researched list of the best stock brokers in India in 2025 based on the number of active clients, reliability of the platform, pricing, and experience. All the brokers have something special to offer, yet some of them are more dazzling when it comes to certain requirements.
1. Upstox – Best for Technology-Driven Trading
Why Choose Upstox:
- Low Brokerage: Flat ₹20 per executed order or 0.05% (whichever is lower) for equity, F&O, currency, and commodity trades.
- Fast Account Opening: 100% online, paperless process—get started in minutes.
- Advanced Trading Platform: Upstox Pro app and web platform offer lightning-fast order execution, customizable charts, and real-time data.
- Margin and Leverage: Up to 5x leverage for intraday equity trading; 1.3x for F&O, currency, and commodities.
- Diverse Investment Options: Trade in stocks, mutual funds, IPOs, commodities, and more.
- Transparent Pricing: No hidden charges; detailed fee breakdown available on the official website.
- Strong Security: SEBI-registered and compliant with the latest regulatory standards.
- Customer Support: Responsive chat, email, and phone support.
Key Features:
- Brokerage: ₹20/order or 0.05% (whichever is lower)
- Account Opening: Free (limited period offers)
- Platform: Upstox Pro (mobile & web)
- Margin: Up to 5x on intraday
- Active Clients (2025): Over 2.7 million
- SEBI Registration: Yes
2. Groww – Best for Beginners and Mutual Fund Investors
Groww has quickly captured the attention of new investors with its simple, easy-to-use interface and commission-free equity delivery. It’s especially popular among those who want to invest in stocks and mutual funds without any hassle.
Why Choose Groww:
- Zero Account Opening and Maintenance Charges
- Commission-Free Equity Delivery
- User-Friendly App: Clean design, easy navigation—perfect for first-time investors.
- Wide Product Range: Stocks, mutual funds, ETFs, IPOs, F&O, and gold bonds.
- Paperless KYC: Open an account in minutes from your phone.
- Educational Resources: In-app guides and tutorials for beginners.
Key Features:
- Brokerage: ₹20/order or 0.05% (whichever is lower)
- Account Opening: Free
- Platform: Groww App & Web
- Active Clients (2025): Highest in India
3. Zerodha – Best for Low-Cost Trading and Tools
Zerodha remains a top choice for traders who want low fees and powerful trading tools. With a massive client base, it’s known for its reliability and innovative platforms like Kite.
Why Choose Zerodha:
- Lowest Brokerage: ₹20/order or 0.03% (whichever is lower)
- Advanced Tools: Kite trading platform, Varsity for learning, and Sensibull for options trading.
- Wide Asset Coverage: Stocks, F&O, commodities, bonds, and more.
- Transparent Fee Structure: No hidden costs.
Key Features:
- Brokerage: ₹20/order or 0.03% (whichever is lower)
- Account Opening: ₹200 (one-time)
- Platform: Kite (web & app)
- Active Clients (2025): Over 6 million
4. Angel One – Best for Research and Advisory
Angel One offers a blend of full-service and discount broking, making it ideal for investors who want research, advisory, and a wide range of products.
Why Choose Angel One:
- Zero Brokerage on Equity Delivery
- Research and Advisory: In-house research, AI-powered recommendations, and portfolio advice.
- Diverse Investment Options: Equities, F&O, mutual funds, commodities, currencies, US stocks, and more.
- Educational Content: Articles, webinars, and videos for all levels.
Key Features:
- Brokerage: ₹20/order for intraday, F&O, currencies, and commodities
- Account Opening: Free (offers may vary)
- Platform: Angel One App & Web
- Active Clients (2025): Over 4.5 million
5. ICICIdirect – Best for Full-Service and Banking Integration
ICICIdirect is a full-service broker, perfect for those who want integrated banking and trading services, plus access to research and portfolio management.
Why Choose ICICIdirect:
- Integrated 3-in-1 Account: Banking, Demat, and Trading in one.
- Comprehensive Research: Detailed reports and recommendations.
- Wide Product Suite: Stocks, F&O, mutual funds, IPOs, bonds, and insurance.
- Strong Brand Trust: Backed by ICICI Bank.
Key Features:
- Brokerage: Variable; often higher than discount brokers
- Account Opening: Charges apply
- Platform: ICICIdirect Web & App
- Active Clients (2025): Over 3.2 million
Comparison Table: Top Stock Brokers in India 2025
| Broker | Brokerage Charges | Account Opening | Active Clients (2025) | Platform | Best For |
| Upstox | ₹20/order or 0.05% | Free | 2.7 million+ | Upstox Pro | Tech-driven traders |
| Groww | ₹20/order or 0.05% | Free | Highest in India | Groww App/Web | Beginners, mutual fund investors |
| Zerodha | ₹20/order or 0.03% | ₹200 | 6 million+ | Kite | Low-cost, advanced tools |
| Angel One | ₹20/order (zero delivery) | Free | 4.5 million+ | Angel One App/Web | Research, advisory seekers |
| ICICIdirect | Variable (higher) | Charges apply | 3.2 million+ | ICICIdirect | Full-service, bank integration |
How to Choose the Best Brokerage for Trading in India
The following factors are the most important to keep in mind when choosing the best brokerage to trade in India:
- Brokerage Charges: The lesser the fee, the more the profits particularly to the frequent traders.
- Platform Reliability: Make sure that the app and web platform of the broker are stable and quick.
- Product Range: Try to find brokers who specialize in stocks, F&O, mutual funds, IPOs, etc.
- Account Opening: It is fully online and paperless, which saves time.
- Margin and Leverage: Increased leverage may be beneficial to active traders.
- Research and Advisory: Newbies can take advantage of brokers that provide research and education materials.
- Customer Support: Fast and efficient customer support is very important to solve problems.
- Regulatory Compliance: Safety should be your priority so always go with SEBI registered brokers.
Frequently Asked Questions (FAQs)
1. Which is the best brokerage for trading in India in 2025?
Upstox is a top pick for its technology-driven platform, low fees, and wide range of investment options.
2. What are the brokerage charges for Upstox?
Upstox charges ₹20 per executed order or 0.05% (whichever is lower) for most segments.
3. Is account opening free with Upstox?
Yes, Upstox offers free account opening for a limited time.
4. Which broker is best for beginners?
Groww is highly recommended for beginners due to its simple interface and zero account maintenance charges.
5. Which broker offers the highest leverage?
Upstox offers up to 5x leverage for intraday equity trading.
6. Are all these brokers SEBI registered?
Yes, all brokers listed are SEBI registered and comply with regulatory standards.
7. Can I invest in mutual funds through these brokers?
Yes, all top brokers like Upstox, Groww, and Zerodha offer mutual fund investment options.
8. What is the minimum investment required?
Most brokers do not have a minimum investment requirement for opening an account.
9. Do brokers offer research and advisory services?
Angel One and ICICIdirect are known for their research and advisory services2.
10. How do I open an account with Upstox?
Visit the Upstox website, fill in your details, upload KYC documents, and complete the e-sign process. Your account can be activated within minutes.
Conclusion
Selecting a brokerage firm to trade in India is an essential aspect in your investment process. In 2025, Upstox will be the most preferred stock broker by majority of investors and traders, due to its cheap brokerage, robust technology and an easy to use platform. As a beginner or a professional trader, Upstox has the perfect combination of affordability, features and support to make you a successful trader. So are you ready to trade? Get an Upstox account now and see the difference!
