Last updated on September 19, 2023
Are you looking for the best stock broker in India, get here the complete list of top 10 stock brokers in India with detail review given by share market expert. Due to impressive returns, multiple investment options and easy liquidity, people have been rushing towards stock market and searching the best stock broker in India for investments.
Stock investment is a technical process, hence requires you to connect with the top brokers in India. Stock trading can be risky, so it needs trading support. This is where Top 10 Stock Brokers in India come into play.
Your ultimate partner in search for the Best Stock Broker in India
The Best Stock broker are largely referred as agents who are skilled and certified to invest in securities market. They typically act as agents for buyers and sellers of stocks and charge a fee against the delivery of their services. It is necessary to keep in mind that the Best stock broker in India does not own the securities, They just offer their services to the investors at Lowest brokerage charges.
Top 10 Stock Brokers in India
List of Best Stock Broker in India 2023
1. ICICI Direct
2. Zerodha
3. Upstox
4. Angel One
5. Sharekhan
6. Wisdom Capital
7. Kotak Securities
8. HDFC Securities
9. Motilal Oswal
10. SBI Cap Securities
There are primarily two types of stock brokers in India – Discount Brokers and Full-Service Brokers. Discount Brokers in India are known to offer better investing tools and low brokerages fee. A full-service brokerage firm offers personalized recommendations and services and hence comes with a higher fee.
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ICICI Direct
ICICI Direct |
Open Account |
One of India’s largest brokers and financial product distributors, ICICIdirect is trusted by over 80 lac customers with a vintage of over two decades of serving those customers with the best products and services. ICICIdirect.com has been at the forefront in the world of online investing. ICICIdirect offers more than 49 products and services ranging from Equity, Mutual Fund app, Futures and Options, Currency, Commodity, FDs, etc. All of this is provided under one umbrella to help you to achieve your financial goals.
What sets ICICIdirect apart is its research desk that offers various research based services, products and tools keeping in mind your needs across different time frames. ICICIdirect’s award winning research team has a great strike rate since the beginning.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 8.2 / 10 |
Brokerage Charges & Fees | 8.25/ 10 |
Product & Services | 8.76/ 10 |
Trading Platform | 8.11/ 10 |
Broking Experience | 8.0/ 10 |
Overall Rating | 8.10/10 |
Customer Rating | ★★★★★ |
Services & Charges of ICICI Direct(Best stock broker in India) –
Delivery brokerage charges – 0.15% – 0.25%
Intraday charges – INR 15 per order
F&O, currency/commodity brokerage – INR 20 per trade
Services – Equities, Derivatives, Currency, Mutual Fund, IPOs, FD, Bonds, NCDs, ETFs
Detail – ICICI direct Review
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Zerodha
Zerodha is largely known for introducing the concept of discount broking in 2010. Backed by latest technology, great trading tools and three-way trading platform also considered as best trading platform in India, it is the largest discount broker and best broker for trading in India.
Zerodha is considered as one of the top 10 stock brokers in India because they offer some great features like low brokerage, great exposure and 100% web-based broker. Zerodha is principally known as the best discount broker and 3rd largest stock broker in India. Zerodha also offers top notch trading apps in India along with algo trading software.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 9.0 / 10 |
Brokerage Charges & Fees | 9.5 / 10 |
Product & Services | 9.55 / 10 |
Trading Platform | 9.20 / 10 |
Broking Experience | 9.7/ 10 |
Overall Rating | 9.24/10 |
Customer Rating | ★★★★★ |
Services & Charges of Zerodha(Top 10 stock brokers in India) –
Delivery brokerage charges – INR 0
Intraday charges – 0.01% or INR 20 per order(whichever is lower)
Mutual fund investment – Zero brokerage
Services – Equity, Derivatives, Currency, Mutual Funds & Commodities
Detail – Zerodha Review
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Upstox (RKSV)
Upstox (RKSV) |
Open Account |
Another big name in the field of discount broking is Upstox, You can find the list of top brokers in India here. The Best share broker in India offers cutting-edge tools to free trade option and value-centric education also.
Upstox is best broker for trading. There is free brokerage on equity delivery trading and trading in Equity, F&O & Equity Intra Day. An investor can trade on Commodities and Currency Derivates at just Rs. 20 per order.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 9.0 / 10 |
Brokerage Charges & Fees | 9.5 / 10 |
Product & Services | 9.5 / 10 |
Trading Platform | 9.0 / 10 |
Broking Experience | 9.7/ 10 |
Overall Rating | 8.18/10 |
Customer Rating | ★★★★★ |
Services & Charges of Upstox(Top stock broker in India) –
Delivery brokerage charges – INR 0
Intraday charges – 0.05% or INR 20 per order(whichever is lower)
F&O Trading charges – INR 20 per order
Services – Equity, Derivatives, Currency, Mutual Funds & Commodities
Detail – Upstox Review
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Angel One
Angel One |
Open Account |
Angel One, early known as Angel Broking is a top-rated full-service brokerage houses & one of the best stock broker in India and has been operating since 1987. It boasts of modern and user-centric trading platforms along with expert advisory service to its customers.
The Angel Group is a official member of the Bombay Stock Exchange, National Stock Exchange and two commodity exchanges- the NCDEX and MCX. It is also registered as a Depository participant with CDSL.
Customer Ratings | |
Experience | 9.0 / 10 |
Trading Platform | 8.6 / 10 |
Product & Services | 8.8 / 10 |
Brokerage Charges | 9.5 / 10 |
Research | 8.5 / 10 |
Overall Rating | 9.61 / 10 |
Star Rating | ★★★★★ |
Customer Reviews | 3486 |
Services & Charges of Angel One(Best stock broker in India) –
Delivery brokerage charges – INR 0
Intraday charges – Flat INR 20 per order
Equity F&O Trading charges – INR 20 per order
Services – Equity, Derivatives, Currency, Mutual Funds & Commodities
Detail – Angel One Review
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ShareKhan
ShareKhan |
Open Account |
Sharekhan is one of the biggest full-service broking houses based out of Mumbai with more than 1.4 million clients. Sharekhan is widely regarded as top 10 stock brokers in India.
It has branches & franchises in over 550 cities across India. They deliver quality brokerage services through their web-based trading website and over 1800 offices. The brand also enjoys international presence as the best stock broker, in the Oman and UAE countries.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 8.0 / 10 |
Brokerage Charges & Fees | 8.5/ 10 |
Product & Services | 9.0 / 10 |
Trading Platform | 8.55 / 10 |
Broking Experience | 8.5/ 10 |
Overall Rating | 8.1/10 |
Customer Rating | ★★★★ |
Services & Charges of Angel One(Top brokers in India) –
Delivery brokerage charges – 0.5% on the buy side and 0.5% on the sell side
Intraday charges – 0.1% on the buy side and 0.1% on the sell side
Options brokerage charges – Rs 50 per lot or 2.5% on the premium
Futures brokerage charges – 0.10% on the first leg, 0.02% on the second leg
Services – Equity, Derivatives, Currency, Mutual Funds & Commodities
Detail – Sharekhan Review
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Wisdom Capital
Wisdom Capital |
Open Account |
Another new yet rapidly developing discount broker & one of the top brokers in India is Wisdom Capital. Wisdom Capital offers trading services for stocks, futures, options on NSE and BSE. It also supports commodity trading on MCX & NCDEX. It is considered among top stock brokers in India and initially offers three brokerage plans.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 4.0 / 10 |
Brokerage Charges & Fees | 4.4 / 10 |
Product & Services | 3.8 / 10 |
Trading Platform | 3.39 / 10 |
Broking Experience | 3.97/ 10 |
Overall Rating | 3.8/10 |
Customer Rating | ★★ |
Services & Charges of Wisdom Capital –
Delivery brokerage charges – 0.01%
Intraday charges – 0.1%
F&O brokerage charges – Rs 9 per order
Services – Equity, Derivatives, Currency, Mutual Funds & Commodities
Detail – Wisdom Capital Review
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Kotak Securities
Kotak Securities |
Open Account |
Kotak Securities is a full-service broker, discovered in 1994. They have a great customer base of 1-1.2 million. Here is the list of other top stock brokers in India. Kotak Securities is a well reputed member of BSE & NSE managing over 5 lakh trades on a regular basis. They are also a depository participant with NDSL and CDSL. Kotak Securities is presently measured as one of the best stock broker in India.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 9.0 / 10 |
Brokerage Charges & Fees | 8.5/ 10 |
Product & Services | 8.6 / 10 |
Trading Platform | 8.9 / 10 |
Broking Experience | 8.0/ 10 |
Overall Rating | 8.0/10 |
Customer Rating | ★★★★ |
Services & Charges of Kotak Securities –
Delivery brokerage charges – INR 0 per order
Intraday charges – Flat zero brokerage
Equity F&O Trading charges – INR 20 per order
Services – Equity, Derivatives, Mutual Funds, IPOs, ETFs, Currency, bonds, ETFs
Detail – Kotak Securities Review
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HDFC Securities
HDFC Securities |
Open Account |
HDFC Securities is basically an equity trading business, It also offers online trading through phone. HDFC Securities is also in the list of best stock brokers in India and doing well.
HDFC Securities provides also boasts of features such as Day trading on both NSE and BSE, Cash-n-Carry on both NSE and BSE, Trade on Futures or Options on NSE and the online IPO Investments.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 8.2 / 10 |
Brokerage Charges & Fees | 8.30/ 10 |
Product & Services | 8.0 / 10 |
Trading Platform | 8.36 / 10 |
Broking Experience | 8.35/ 10 |
Overall Rating | 8.85/10 |
Customer Rating | ★★★★ |
Services & Charges of HDFC Securities –
Delivery brokerage charges – 0.07%-0.32% on transaction value
Intraday charges – 0.40%- 0.15% on transaction value
Account opening charges – INR 999
Services – Equity, Derivatives, Mutual Funds, IPOs, ETFs, Currency, bonds, ETFs
Detail – HDFC Securities Review
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Motilal Oswal
Motilal Oswal |
Open Account |
Motilal Oswal is a financial services firm with a range of products and services such as Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering & Investment Banking. Motilal Oswal is considered in the top 10 stock brokers in India.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 9.0 / 10 |
Brokerage Charges & Fees | 8.50/ 10 |
Product & Services | 8.50 / 10 |
Trading Platform | 9.0 / 10 |
Broking Experience | 8.0/ 10 |
Overall Rating | 9.05/10 |
Customer Rating | ★★★★ |
Services & Charges of Motilal Oswal(One of the best stock brokers in India) –
Delivery brokerage charges – 0.50% on transaction value
Intraday charges – 0.05% on on transaction value both side
Account opening charges – INR 0
Services – Equity, Derivatives, Commodities, Currency, IPOs, Mutual Funds
Detail – Motilal Oswal Review
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SBI Cap Securities
SBI Cap Securities |
Open Account |
SBI, one of nation’s largest most preferred bank, set up a brokerage house with the name of SBI Securities.
SBI, one of the top brokers in India offers an extensive range of products and services for both investors as well as traders. It caters to individuals, corporate/institutions and even NRIs. Even they have set up ha a dedicated help desk for dealing with NRI related queries that makes it the best share broker in India.
Customer Ratings | |
Criteria | Ratings |
Research & Advisory | 8.0 / 10 |
Brokerage Charges & Fees | 8.0/ 10 |
Product & Services | 9.4 / 10 |
Trading Platform | 9.0 / 10 |
Broking Experience | 8.0/ 10 |
Overall Rating | 8.4/10 |
Customer Rating | ★★★ |
Services & Charges of SBI Securities –
Delivery brokerage charges – Higher of 0.50% or 5 Paisa per share
Intraday charges – Higher of 0.15% of 5 Paise per share
Account opening charges – INR 850
Services – SBicap is considered as the best stock broker in India and offers services in Equities, Derivatives, Currency, Mutual Fund, IPOs, ETFs, Bonds, FDs, Insurance
Detail – SBI Securities Review
Do remember that:
When it comes to choose the best stock broker, there is no one ideal choice for every investor. It majorly depends on one’s personal needs, services and features offered, we details the list of registered best stock brokers in India. If you don’t want to pay high brokerage, online discount brokers are the best option. However, if you need advice from the best stock advisor in India and you’re a high frequency trader, it is better to consider a full-service broker.
Best Broker for Trading – Best Stock Broker in India
If you are searching for the best stock broker in India for your fast, affordable and secure trading needs, here we have mentioned all top brokers in India with their trading charges.
Top Brokers in India with Lowest Brokerage Charges
Here are the top brokers in India shorted by expert ratings according to their brokerage charges. With low brokerage charges you can make more profit in investing and trading.
Stock Broker | Expert Ratings |
Zerodha | 9.36 |
Angel One | 9.18 |
Upstox | 9.16 |
IIFL / India Infoline | 9.15 |
Groww | 9.03 |
ICICI Direct | 9.00 |
Kotak Securities | 8.86 |
Sharekhan | 8.82 |
Motilal Oswal | 8.75 |
HDFC Securities | 8.48 |
Top 10 Stock Brokers in India with highest active clients
Factors to consider while choosing Best stock broker in India
To make it easy for you to choose the right stock broker, here are some of the most prominent factors that must be kept in mind while browsing through a wide range of top stock brokers in India operating in the market.
- Broker’s History
Before choosing the Best stock broker in India, it is necessary to carry out a detailed background check on the brokerage firm. Go through client testimonials and reviews, check their history, charges and reputation. Researching every small detail will make sure that you have chosen the best stock broker.
- Commission Cost
This is another most crucial factor in selecting the top brokers in India. It is necessary to note that the commission of a broker makes an impact on the return you get. It makes a great sense to check out and compare the commission cost of different brokers before opening an account.
- Trading Platform
To carry out stock trading online, a trading platform or software is facilitated by the Best stock broker in India. It refers to the platform you are using must be user-friendly, stable and fast. It is highly prudent that you must first get a demo of the platform from the broker to get the much-needed support to operate the software easily.
- Customer Support
A broker providing an exemplary customer support service definitely has an upper hand over the others and can be considered as the top brokers in India. Customers typically choose brokers, who are rapid to respond to their questions. Hence, make sure that the broker you are choosing as best share broker in India is rapidly available to provide you utmost support.
- Trading tools and education
One important factor to keep in mind when choosing best brokerage firm in India is educational materials and trading tools provided by the broker. A majority of reputable online brokers generally provide educational materials including videos, article, webinars, e-courses, and seminars at no extra cost.
- Regulation
Proper regulation helps to ensure that the forex broker is well exploited in the unforeseen event of a trading loss. It also ensures that the broker upholds standard practices as well as keep your money and data safe. It is advisable that you choose the best stock broker in India who has a clean regulatory record.
List of Top Stock Brokers in India – Find Top Brokers in India here
FAQs on Best Stock Broker in India
Ques- Who is the best stock broker in India?
Answer- Looking for Best Stock Broker in India? Here is the complete List, Angel Broking is ideally India’s best stock broker with excellent rating 9.5 out of 10 by the users. It leaves no stone unturned in easing its customer’s trading experience and has a full-fledged arsenal of tools and widgets for assisting them with trade.
Ques- Which is the best discount broker in India?
Answer- Zerodha with a magnificent rating of 9.6, stands as the best discount broker and one of the top 10 stock brokers in India. The best part about Zerodha is its affordable brokerage charges which don’t burn a hole in the trader’s pocket. The affordable brokerage increases the broker’s revenue and is making stock broking accessible to the common man.
Ques- Which stock broker has the best advisory, research, and stock tips facility?
Answer- India Infoline abbreviated as IIFL is trusted by the traders for dedicated advice, having a rating of 8.9. IIFL, one of the top stock brokers in India has accurately and precisely extracted the perfect information on various stock’s performance and their prospects in marketing conditions.
Ques- Which stock broker has the lowest brokerage charges?
Answer- 5 paisa has the lowest brokerage charges amongst all stock broking companies. Brokerage is an essential factor for traders and investors as it decides the magnitude of their profits and final income. People generally don’t want to lose their fair share of money and 5 paisa takes care of such needs.
Ques- Which broker is safest in India?
Answer- Zerodha is clear winner with a rating of 9.4. Along with being fast and most secured stock broker, It also provides best-in-class features such as stock recommendations, data streaming, and watch lists which ease the trader’s experience and simplify things for them.