
Do you want to find the most suitable share broking company in India to start or improve your investment experience in 2025? When hundreds of brokers are trying to compete with your attention, it might be difficult to identify the appropriate partner. Whether you are a novice investor or an experienced trader, selecting an appropriate broker is the key to maximum returns, lowest expenses, and an uninterrupted trading process. This guide will help us dissect the best share brokers in India, their distinctive features, and how this firm is the best choice in 2025. The information and analysis are collected on the most reputable industry sites, so you can make a certain decision.
Top 7 Share Broking Companies in India 2025
These are the top share brokers in India in 2025 as per the active client base, technology, pricing, and user experience:
- Upstox
- Groww
- Zerodha
- Angel One
- ICICI Direct
- HDFC Securities
- 5paisa
We will look at what the difference between each broker is, and more importantly, why Upstox is a better option than the rest of the brokers in the market to most investors.
1. Upstox: The Best Share Broking Company in India 2025

Why Upstox?
Upstox has quickly become a pioneer in the Indian broking business, with the combination of state-of-the-art technology, transparent pricing, and customer-centricity. As of July 2025, Upstox has more than 27,01,041 active clients and is one of the three largest brokers in India in terms of clients. It has strong trading platforms, zero account opening fees, and flat fee-based structure which makes it the preferred option of new and experienced traders.
Upstox Main Features
No Account Opening Charges: Start investing without a charge.
No Annual Maintenance Charges (AMC): Get a really cheap trading experience.
Flat Brokerage: Charged on a per-order basis on intraday and F&O transactions (20 or 0.05 percent of the order value, whichever is lower); charged on a per-trade basis on equity delivery (20 or 2.5 percent of the trade value, whichever is lower).
Advanced Trading Platforms: Connect to robust web, mobile, and desktop platforms with 100+ charting tools and indicators.
Broad Product Offering: Trade in equities, derivatives, commodities, currencies, mutual funds and IPOs.
SEBI Registered: Upstox is a completely regulated entity (SEBI Registration No. INZ000185137)7.
Low Complaint Ratio: At NSE, the number of complaints is 0.0045% in FY 2025-26, which is an indication of quality service.
Free Research & Education: Get high value educational material and trading tools without any additional cost.
Instant Account Opening: Open your account and begin to trade on the same day.
Upstox 2025 Brokerage Charges
- Segment
- Brokerage Charges
- Equity Delivery
- 20 rupees per order or 2.5 percent (whichever is less)
- Equity Intraday
- 0.05 per cent or 20 per order (the lower is the higher)
- Equity Futures
- 0.05 per cent or 20 per order (the lower is the higher)
- Equity Options
- ₹20 flat per order
- Currency Futures
- 0.05 per cent or 20 per order (the lower is the higher)
- Currency Options
- ₹20 flat per order
- Commodity
- 0.05 per cent or 20 per order (the lower is the higher)No hidden charges. All taxes and statutory charges are transparently disclosed
2. Groww

- Active Clients (2025): 1.3 crore+ (13.02 million)
- USP: Easy to use application, no cost to open account, free delivery of equity.
- Brokerage: The intraday and F&O are charged at 20 per trade.
Best suited: New-age investors and mutual fund enthusiasts
3. Zerodha

- Number of active Clients (2025): 79.6 lakh (7.96 million)
- USP: The first discount broker, powerful Kite platform, educational materials.
- Brokerage: 20INR per trade on intraday and F&O, and free delivery on equity.
- Best Suited To: Traders who are price-sensitive and DIY investors.
4. Angel One

- Active Clients (2025): 74.4 lakh (7.44 million
- USP: Full-service, research reports, good advisory.
- Brokerage: Intra day and F&O 20 per trade, equity delivery free.
- Best Suited: Investors who want research and advisory services.
5. ICICI Direct

- Active Clients (2025): Not disclosed, but one of the leading full service brokers.
- USP: 3-in-1 account, wide research, good offline presence.
- Brokerage: Slab based, more than discount brokers.
- Best Suited: High-net-worth individuals, and individuals who want to receive high-end services
6. HDFC Securities

- USP: 3-in-1 account, research, and advisory.
- Brokerage: Slab-based, premium pricing.
- Best For: HDFC Bank customers and traditional investors.
7. 5paisa

- USP: Low-cost trading, digital-first approach.
- Brokerage: ₹20 per trade for all segments.
- Best For: Budget-conscious traders.
Comparison Table: Top Share Brokers in India 2025
Broker | Active Clients (2025) | Account Opening | AMC | Equity Delivery | Intraday/F&O | Platform Rating | SEBI Registered |
Upstox | 27,01,041 | Free | Free | ₹20/order or 2.5% | ₹20/order or 0.05% | 4.0/5 | Yes |
Groww | 1,30,20,000 | Free | Free | Free | ₹20/order | 4.0/5 | Yes |
Zerodha | 79,60,000 | Free | ₹300 | Free | ₹20/order | 4.0/5 | Yes |
Angel One | 74,48,502 | Free | Free | Free | ₹20/order | 3.8/5 | Yes |
ICICI Direct | Not disclosed | Paid | Paid | Slab-based | Slab-based | 4.2/5 | Yes |
HDFC Sec | Not disclosed | Paid | Paid | Slab-based | Slab-based | 4.1/5 | Yes |
5paisa | Not disclosed | Free | Free | ₹20/order | ₹20/order | 3.7/5 | Yes |
How to Choose the Best Share Broking Company in India
- The choice of a broker should be made depending on your trading style, investment objectives and preferences of services. This is what to take into consideration:
- Brokerage Charges: The lesser the amount of fee, the greater the net returns, particularly with more active traders.
- Account Opening & AMC: Zero or minimal charges are desirable to the cost-sensitive investors.
- Trading Platform: Seek out platforms that are intuitive, quick, and solid with powerful charting and analytical tools.
- Product Range: The broker should have a wide range of assets that you want to invest in.
- Customer Support: Having a responsive support is important in solving problems fast
- Regulatory Compliance: It is always safer and transparent to use a SEBI registered broker
- Reputation & Reviews: See how the users rate it and what is their ratio of complaints to know its real-life reliability.
FAQs: Best Share Broking Company in India 2025
1. Which is the best share broking company in India for 2025?
Upstox is the top pick for 2025, offering a blend of low costs, advanced technology, and a large active client base..
2. What are the brokerage charges for Upstox?
Upstox charges a flat ₹20 per order or 0.05% (whichever is lower) for intraday and F&O, and ₹20 or 2.5% (whichever is lower) for equity delivery.
3. Is Upstox SEBI registered?
Yes, Upstox is fully SEBI registered (INZ000185137).
4. Which broker has the most active clients in 2025?
Groww leads with over 1.3 crore active clients, followed by Zerodha and Upstox.
5. Are there any hidden charges with Upstox?
No, Upstox maintains a transparent fee structure with no hidden charges.
6. Can I invest in mutual funds and IPOs through Upstox?
Yes, Upstox offers direct mutual fund investments and online IPO applications.
7. How fast can I open an account with Upstox?
You can open an account instantly and start trading the same day.
8. What is the complaint ratio for Upstox?
Upstox has a very low complaint ratio of 0.0045% at NSE in FY 2025-26.
9. Which broker is best for beginners?
Upstox, Groww, and Zerodha are all beginner-friendly, but Upstox stands out for its educational resources and intuitive platforms.
10. Does Upstox offer research and advisory services?
Upstox provides free educational content and trading tools, but does not offer traditional advisory services.
Conclusion: Choose Upstox for the Best Share Broking Experience in 2025
In the year 2025, the Indian stock broking environment is as competitive as it can be. Although some of the brokers provide attractive services, Upstox is the best in the market because the company is the cheapest, most technologically advanced, and customer-friendly. Whether you are a first timer wanting to purchase your first stock, an active trader or a mutual fund and IPO diversifier, Upstox offers a smooth, transparent and rewarding experience.
Are you ready to get to the next level of investments? Open your Upstox account today and get the best of Indian share broking!