Best Stock Broker In India: List of Top 10 Stock Brokers 2024

Do you want to invest in stocks? If yes, you should also be aware of the fact that stock investments can only be done through a stock broker. The role of a stock broker is crucial for both investors and stock exchanges. These stock brokers act as intermediaries between them and ensure mutual benefits. This indicates that an investor should choose the best stock broker in India. When it comes to making the best choice, the most preferred way to gain knowledge of the top 10 stock broker in India and choose the one that matches your investment objectives the best.

Whether you are a new stock investor or a seasoned investor, make sure you choose the best stock broker in India. There are both full-service stock brokers and discount brokers to choose from. The selection of a stock broker mainly relies on your investment objectives and the level of support required.

What Is Stock Brokers?

A stock broker can be an individual or a firm that helps stock investors in the buying and selling of stocks along with offers several other services. Stock brokers serve both retail and institutional investors and provide investment-related support to their clients.

Role Of Stock Brokers:

  • Update themselves with the latest financial information
  • Keeping a track of stock market performances
  • Performing specific stock market research and analysis

Types Of Stock Brokers In India

Primarily, there are two types of stock brokers.

  1. Full-service Stock brokers
  2. Discount Broker

1. Full-Service Stock Brokers

These stock brokers provide a wide range of stock investment-related services to their clients that can help them make sagacious investment decisions. Apart from the basic buying and selling of stocks, full service stock brokers provide several other services like portfolio management, stock advisory, customer support, personalized research & investment etc. These services may come at a high cost due to their scope.

Most popular full-service brokers are: ICICI, HDFC and Sharekhan

2. Discount Broker

On the other hand, discount stock brokers provide limited services like buying and selling stocks at a nominal cost or sometimes at zero cost. Discount brokers mainly serve retail clients and usually don’t provide stock advisory and stock analysis services. Nowadays, discount stock brokers have become extremely popular due to their zero brokerage plans and add-on services, especially among retail stock investors.

Most popular discount brokers are: Zerodha, 5paisa and Upstox

Top 10 Stock Brokers In India- Based On Their Performance

Top 10 Stock Brokers in India

S.NO. Stock Broker Name Overall Rating Charges Best Features Best Offers
1 Zerodha 9.56/10 Free equity delivery trading
Max Rs. 20 per order brokerage for Commodity, Intraday, F&O, and Currency
0-cost investment in Mutual Funds & IPOs
Zero Account Maintenance Charges (AMC)
Best-in-class trading platforms – Kite by Zerodha & Coin
Cheapest stock brokerage in India
Online IPO application
Pay as you go brokerage plans
A self-clearing broker
Click Here
2 Upstox 9.25/10 Zero cost delivery trading
Rs. 20 per order or 0.05%  brokerage for intraday and futures trading
Rs. 20 per trade order for options trading
Free account opening and account maintenance
3-in-1 account opening feature
Free digital account opening
Availability of margin against shares
Click Here
3 Angel One 9.10/10 Free equity delivery trading
Flat Rs 20 or 0.25% (whichever is lower) for equity intraday, equity F&O, currency F&O, and commodity F&O.
Free Demat account opening
Margin trade facility
Full-service brokerage at nominal cost
Free fund transfer facility
Free stock advisory/recommendations
Click Here
4 ICICIdirect 8.97/10 Free account opening
Zero brokerage trading in equity futures
Flat Rs. 20 brokerage for Options, Currency F&O and Commodity futures in BSE, NSE and MCX
Rs. 300 Demat AMC (From 2nd year onwards)
3-in-1 account opening
Zero cost trading tips
VTC feature
Availability of low-bandwidth website
Click Here
5 Groww 8.70/10 Zero brokerage trading in equity delivery
Flat Rs. 20 brokerage for equity intraday and F&O
Zero cost account opening and annual maintenance
Free investment in mutual funds
Digital and instant account opening
Insightful investor education program
Option to invest in digital gold, US stocks, and corporate FD
Click Here
6 5Paisa 8.5/10 Free Demat account opening & AMC of Rs. 300
Flat Rs. 20 per order brokerage across all segments
Zero cost mutual fund account
Algo trading and robo advisory
Digital account opening in just 5 minutes
Multilingual trading application
Click Here
7 HDFC Securities 8.2/10 Trading account opening charges – Rs. 999 and Demat account AMC of Rs. 750
Multiple brokerage plans – Rs. 199, Rs. 1,999, and Rs. 4,999
0-cost Demat account opening
Digital account opening
In-depth portfolio tracking
3-in-1 account opening
Margin trading facility
Click Here
8 Kotak Securities 8.0/10 Demat account AMC is Rs. 600
Minimum Rs. 20 per trade for equity delivery trading
Free equity intraday trading
Flat Rs. 20 per order brokerage for equity and commodity F&O
3-in-1 account opening feature
Multiple brokerage plans
Free technical, basic, derivatives, macro-economic and mutual fund research.
Zero brokerage plan for investors up to 30 years of age
Click Here
9 Sharekhan 7.68/10 Demat account annual maintenance charges are Rs. 400 from 2nd year onwards
Minimum brokerage of 5 paise per share for intraday trading
Minimum brokerage of 10 paise per share for delivery-based trading
DP charges are fixed at Rs. 16 per scrip
Online and offline training, workshops, and seminars
Free call & trade facility
Multiple brokerage slabs
Option to use fixed deposit as a collateral for F&O trading
Click Here
10 Motilal Oswal 7.40/10 Demat account AMC is Rs. 199 per year
Brokerage of 0.20% for equity delivery
Free equity intraday trading
Rs. 20 per lot brokerage for equity options
0.02% for equity futures
Rs. 20 per lot for currency futures & options
Free account opening
Desktop and web loging with an innovative mobile trading application
UP to 4X margin
Free trading software
Stock SIP feature
Free and early access to StoCoMo, an Investor Community
Click Here

List Of 10 Best Stock Brokers In India-Most Popular

  1. Zerodha
  2. Upstox
  3. Angel Broking
  4. ICICI Direct
  5. Groww
  6. 5paisa
  7. HDFC Security
  8. Kotak Securities
  9. Sharekhan
  10. Motilal Oswal

1. Zerodha:

With its innovative and user-friendly platform, Zerodha is one of the best stock broker in India that has revolutionized the way trading is conducted in India. The company offers various investment options, including stocks, mutual funds, commodities, and derivatives, providing traders with a diverse portfolio to choose from. One of Zerodha’s standout features is its low-cost structure, with no brokerage charges for equity delivery trades, making it particularly attractive for small and medium-sized traders.

Zerodha also offers best app for trading and charting capabilities, empowering traders with the necessary tools to analyze the market and make informed investment decisions. Additionally, Zerodha is renowned as the top 10 stock brokers in India for its emphasis on education and investor awareness, providing various educational resources, webinars, and a thriving online community where traders can learn from and interact with experienced investors. Hence, Zerodha’s commitment to innovation, affordability, and investor education has made it an indispensable resource for traders looking to navigate the complexities of the stock market efficiently.

Service Offered By Zerodha-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investing

Top Trading Platform By Zerodha-

  1. Zerodha Kite
  2. Zerodha Pi
  3. Coin by Zerodha

Zerodha Brokerage Charges:

Trading Segment Brokerage Charges
Equity Delivery Rs 0 (Free)
Equity Intraday Flat Rs 20 or 0.03% (whichever is lower) per traded order
Equity Future Flat Rs 20 or 0.03% (whichever is lower) per traded order
Equity Options Flat Rs 20 per executed order (on Turnover)
Currency Futures Flat Rs 20 or 0.03% (whichever is lower) per traded order
Currency Options Flat Rs 20 or 0.03% (whichever is lower) per trader order
Commodity Flat Rs 20 or 0.03% (whichever is lower) per trader order
Mutual Fund Rs 0 (No Limit on Direct MF)

Pros

  • One of the biggest stock broker in India (In terms of active clients)
  • Free equity delivery trading
  • Innovative and user-friendly trading platform
  • Maximum brokerage per trade is Rs 20
  • Free partner platforms available for clients 

Cons

  • No provision of research reports or advisory services

Why is Zerodha the best stock broker in India?

As a debt-free firm authorized by SEBI, Zerodha can be trusted for short-term trading and long-term investing for many years to come, making it a safe bet for investors. This brand has built a solid reputation in the business thanks to a large number of dynamic user networks. Zerodha stands out as the best stock brokers in India and securing the top position on our list of top 10 stock brokers in India. For F&O and day trading, the broker can only charge a flat fee of Rs.20 or 0.03 % (whichever is lesser).

Read Also- Zerodha Kite Review

2. Upstox 

Upstox, as one of the top 10 stock brokers In India, is incredibly valuable for traders, offering useful features and services that cater to the needs of both beginner and experienced traders. The platform provides a user-friendly interface with advanced charting tools, real-time market data, and a variety of order types, allowing traders to execute trades efficiently. It also stands out for its competitive pricing structure, offering low brokerage fees and zero charges for equity delivery trades. This affordability factor makes it an attractive choice, especially for traders looking to optimize their trading costs.

Moreover, Upstox as the top brokers in India provides a seamless mobile trading experience through its mobile app, enabling traders to stay connected and trade on the go.

Service Offered By Upstox-

Equity, Commodity, Currency, Mutual fund, ETF Derivatives

Top Trading Platform By Upstox

  1. Upstox Pro Web Trading Platform
  2. Developer Console
  3. Bridge for AmiBroker
  4. Option Chain Tool
  5. Upstox MF Platform

Upstox Brokerage Charges

Trading Segment Brokerage Charges
Monthly Fee (Fixed)
Equity Delivery Rs 20 per executed order or 0.25% (whichever is lower)
Equity Intraday Rs 20 per executed order or 0.25% (whichever is lower)
Equity Futures Rs 20 per executed order or 0.25% (whichever is lower)
Equity Options Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.25% (whichever is lower)
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.25% (whichever is lower)
Commodity Options Rs 20 per executed order

Pros:

  • Free delivery trading
  • Fast paperless demat and trading account opening
  • Margin against shares available
  • 3-in-1 Account available (Partnership with IndusInd Bank) 

Cons:

  • Good till cancelled (GTC) and good till date/time (GTD) orders are not available
  • Margin funding is not available on delivery trades
  • Small technical glitches on the app reported by customers

Why Is Upstox The Top 10 Stock Brokers In India For Trading?

Upstox is making a reputation for itself on the trading landscape thanks to its innovative features for futures, options, and day trading. The broker is regulated by SEBI, BSE, NSE, MCX, and CDSL, making it a trustworthy option. 

3. Angel One

Angel One is widely recognized as one of the top stock brokers in India, providing seamless access to various financial markets, including stocks, commodities, derivatives, mutual funds, and more. With its comprehensive services, advanced technology, research expertise, and customer-centric approach, Angel One has rightfully earned its reputation as one of India’s best stock brokers, attracting many traders who seek a reliable and rewarding trading experience.

One of the key highlights of Angel One is its extensive research and analysis capabilities, providing traders with in-depth insights, recommendations, real-time data, and expert advice to navigate the complexities of the market. The brokerage firm also offers competitive pricing and transparent fee structures, making it affordable for traders of all levels.

Service Offered By Angel One-

Equity Derivatives, Commodity, Currency, Mutual Funds, IPO Investments etc.

Top Trading Platform By Angel One-

  1. Angel iTrade
  2. Angel SpeedPro
  3. Angel Broking App
  4. Angel BEE

Angel One Brokerage Charges

Trading Segment Brokerage Charges
Monthly Fee (Fixed)
Equity Delivery Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.03% (whichever is lower)
Equity Futures Rs 20 per executed order or 0.25% (whichever is lower)
Equity Options Rs 20 per executed order or 0.25% (whichever is lower)
Currency Futures Rs 20 per executed order or 0.25% (whichever is lower)
Currency Options Rs 20 per executed order or 0.25% (whichever is lower)
Commodity Futures Rs 20 per executed order or 0.25% (whichever is lower)
Commodity Options Rs 20 per executed order or 0.25% (whichever is lower)

Pros

  • Most affordable full-service broker
  • Quick and efficient account opening process
  • Flat brokerage charges
  • Access to expert research reports and market advisory

Cons

  • Does not offer a 3-in-1 account
  • Additional charges apply for Call & Trade services

Why Is Angel One The Top 10 Stock Brokers For Trading?

The firm ranks higher regarding the trading platform’s technological capabilities and responsiveness. Plus, Angel One as the best stock broker in India prioritizes security and data privacy, implementing stringent measures to safeguard traders’ investments and personal information.

People Also Read: Angel Broking Login Process

4. ICICI Direct

As a subsidiary of ICICI Bank, one of India’s largest banking institutions, ICICI Direct leverages its robust financial infrastructure and expertise to provide a seamless and integrated trading experience. The platform offers a wide range of investment options, including equities, derivatives, mutual funds, IPOs, and more, catering to the diverse investment needs of traders as the top stock brokers in India. One can trade seamlessly through its advanced charting tools, analytical reports, and market data.

The brokerage firm has a high-tech trading platform. They also give traders personalized advice, so they get expert guidance based on their investment goals and how much risk they’re comfortable with. ICICI Direct, one of the best stock brokers in India, makes things easy by connecting with ICICI Bank’s online banking. This means transferring funds is smooth, and customers can access everything easily.

Service Offered By ICICI Direct-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits, Loan Against Shares etc.

Top Trading Platform By ICICI Direct-

  1. ICICI Direct Mobile Trading App
  2. Trade Racer

ICICI Direct Brokerage Charges:

Trading Segment Brokerage Charges
Monthly Fee (Fixed)
Equity Delivery 0.55%
Equity Intraday Rs 20 per executed order
Equity Futures Free
Equity Options Rs 20 per executed order
Currency Futures Rs 20 per executed order
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order
Commodity Options Rs 20 per executed order

Pros

  • 3-in-1 Account
  • Facility to invest in US Stocks
  • Brand Value
  • Multiple brokerage plans to choose from (ICICI Direct Prime, ICICI Direct NEO, I-Secure, I-Saver, Prepaid plan, etc.)

Cons

  • High charges
  • Poor Mobile App Performance
  • Complicated Brokerage Plan

What Makes It The Best Broker For Trading? 

ICICI Direct has a strong user support network and a wide range of beneficial and interactive features. With its strong reputation, extensive range of services, cutting-edge technology, and personalized advisory, ICICI Direct has established itself as best stock broker in India, trusted by a large customer base seeking a comprehensive and rewarding trading experience.

5. Groww

Groww has emerged as the top 10 stock brokers in India, offering a unique set of trading features that distinguish it from its competitors. One notable aspect of Groww is its intuitive and user-friendly mobile app, which provides a seamless trading experience for investors. The app’s clean and organized interface makes it easy for traders to navigate and execute trades effortlessly.

Additionally, Groww offers a simplified account opening process, enabling new investors to start trading quickly and conveniently. Another standout feature of Groww is its focus on investor education and awareness. Plus, Groww offers a diverse range of investment options, including stocks, mutual funds, ETFs, and digital gold, catering to the varied preferences of traders. The platform also provides comprehensive research tools and data analysis, allowing investors to evaluate investment opportunities and make well-informed choices making them the top 10 stock brokers in India.

Service Offered By Groww-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits etc.

Top Trading Platform By Groww-

  1. Groww Web Trading Platform
  2. Groww Mobile Trading App

Groww Brokerage Charges

  • Account opening charges: No fees
Trading Segment Brokerage Charges
Equity Delivery Rs 20 per trade (or 0.05% whichever is lower)
Equity Intraday Rs 20 per trade (or 0.05% whichever is lower)
Equity F&O Rs 20 per trade

Pros

  • User-friendly and intuitive interface
  • All-in-one platform for stocks, mutual funds, gold, and US stocks
  • Facility to invest in US Stocks 

Cons

  • Futures & Options (derivatives), currency, and commodity trading are not available yet
  • The trading platform’s performance on high trading days is yet to be tested due to its status as a newer entrant.

Why Is Groww One Of The Top Stock Brokers In India?

Groww is an excellent choice for several reasons. With its user-friendly interface, emphasis on education, diverse investment options, and robust research capabilities, Groww has positioned itself as the top 10 stock brokers in India, empowering traders of all levels to participate confidently in the financial markets. The platform provides educational content, tutorials, and guides that empower traders with knowledge and understanding of the market. This emphasis on education encourages informed decision-making and helps investors build confidence in their trading strategies.

6. 5Paisa

5paisa, known as a best stock broker in India offers a lightning-fast trading platform, which provides real-time market data and seamless order execution. The platform is equipped with advanced charting tools, customizable watchlists, and comprehensive market analysis, enabling traders to make well-informed decisions.

The platform also offers unique features like Smart Investor, an automated investment advisory tool that provides personalized investment recommendations based on individual risk profiles. In addition, its easy-to-use mobile application voice-enabled trading and instant fund transfers make it a highly favourable app and the best broker in India.

The platform also offers unique features like Smart Investor, an automated investment advisory tool that provides personalized investment recommendations based on individual portfolios. With its fast and feature-rich trading platform, cost-effective pricing, diverse investment options, and innovative tools, 5paisa stands out as the best stock broker in India, delivering customers a seamless and rewarding trading experience.

Service Offered By 5Paisa-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits etc.

Top Trading Platform By 5Paisa-

  1. Investor terminal web platform
  2. Trader terminal
  3. 5Paisa share trading mobile app.

5Paisa Brokerage Charges

Segment Basic Plan Power Investor Pack Ultra Trader Pack
Monthly Charges 0 Rs. 499 Rs. 999
Equity Delivery Rs. 20 per order Rs. 10 per order Rs. 10 per order
Equity Intraday Rs. 20 per order Rs. 10 per order Rs. 10 per order
Equity Futures Rs. 20 per order Rs. 10 per order Rs. 10 per order
Equity Options Rs. 20 per order Rs. 10 per order Rs. 10 per order
Currency Futures Rs. 20 per order Rs. 10 per order Rs. 10 per order
Currency Options Rs. 20 per order Rs. 10 per order Rs. 10 per order
Commodity Rs. 20 per order Rs. 10 per order Rs. 10 per order

​​Pros

  • Zero brokerage charges for delivery trading
  • Low flat brokerage fee of Rs 10 per trade
  • Completely paperless account opening and investing process
  • Ability to invest in stocks, mutual funds, and insurance from a single account
  • Lower maintenance charges compared to other brokers
  • Access to research reports and advisory services (for higher plans) 

Cons

  • Absence of a 3-in-1 account (combining trading, demat, and bank account)
  • Higher exchange transaction charges
  • Unavailability of commodity trading facility

Why Is 5paisa The Top Stock Brokers In India?

Offering a unique range of trading features that sets it apart in the market, 5paisa is one of the top 10 stock brokers in India with its low-cost structure, competitive brokerage fees and discounted plans cater to the needs of both frequent and occasional traders. Additionally, 5paisa provides a comprehensive suite of investment options, including stocks, derivatives, mutual funds, and insurance products, allowing traders to diversify their portfolios easily.

7. HDFC Securities

With its strong presence and affiliation with HDFC Bank, one of India’s leading financial institutions, HDFC Securities has established itself as the best stock broker in India. It offers a wide range of investment options across various asset classes, including equities, derivatives, mutual funds, IPOs, and more.

HDFC Securities as one of the top 10 stock brokers in India also offers a robust and technologically advanced trading platform that empowers traders to analyze the market and execute trades efficiently. Additionally, the brokerage firm ensures a seamless and secure trading experience, with stringent security measures and encryption protocols to protect investors’ personal and financial information. The firm is committed to customer support with a dedicated team of professionals who provide prompt assistance and address queries effectively.

Service Offered By HDFC Securities-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits etc.

Top Trading Platform By HDFC Securities-

  1. Blink
  2. ProTerminal
  3. HDFC Securities Mobile Trading App

HDFC Securities Brokerage Charges

  • Account opening charge: Rs 999
Segment Brokerage Charge
Monthly Fee (Fixed) Rs 199 per year Rs 299 per year Rs 5999 per year
Equity Delivery 0.32% 0.27% 0.10%
Equity Intraday 0.032% 0.027% 0.01%
Equity Futures Rs 20 per trade Rs 20 per trade Rs 20 per trade
Equity Options Rs 20 per trade Rs 20 per trade Rs 20 per trade

Pros

  • Comprehensive 3-in-1 Account combining demat, trading, and savings accounts
  • Option to invest in US stocks
  • Integrated platform offering various investment instruments
  • Access to research reports and equity recommendations for clients
  • Dedicated NRI section catering to non-resident indian investors 

Cons

  • High brokerage charges compared to other brokers
  • Absence of commodity trading facility

Why Is HDFC Securities An Excellent Choice As The Best Broker In India?

HDFC Securities is renowned for providing the best trading opportunities, making it a preferred choice for investors seeking a comprehensive and rewarding trading experience. The platform provides investors access to extensive research and analysis, with expert recommendations and insights to guide their investment decisions. It provides real-time market data, advanced charting tools, and customizable trading strategies.

8. Kotak Securities

Kotak Securities stands out as an exceptional trading platform, offering a host of features that set it apart from its competitors. With its strong reputation as a subsidiary of Kotak Mahindra Bank, one of India’s financial institutions, Kotak Securities provides a seamless and technologically advanced trading experience.

Kotak Securities is considered one of the top 10 stock brokers in India. It’s well-regarded for its excellent trading features, especially for quick buying and selling (intraday trading). The platform is easy to use and smooth, making it simple for traders to make fast and effective trades. Kotak Securities also offers features like margin trading, which lets traders use borrowed money to potentially increase their profits. Additionally, the platform gives access to tips for intraday trading, research reports, and insights from experts. This helps traders make smart decisions. Overall, Kotak Securities is great for active traders who want to take advantage of short-term market changes.

Service Offered By Kotak Securities-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits etc.

Top Trading Platform By Kotak Securities-

  1. XTRALITE (web)
  2. KEAT PRO X (terminal application)
  3. Fastlane Stock Trader (mobile app)

Kotak Securities Brokerage Charges

Category Brokerage
Monthly Fee (Standard)
Equity Delivery 0.25% (Minimum Rs 20 per trade)
Equity Intraday Free
Equity Futures Delivery: Rs 20 per trade | Intraday: Free
Equity Options Delivery: Rs 20 per trade | Intraday: Free
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free

Pros

  • Full-service broker with flat brokerage charges
  • Offers a wide range of investment options
  • Provides fast and high-performance trading platforms
  • Availability of 3-in-1 account (combining Demat, Trading, and Savings accounts)
  • Offers multiple brokerage plans, including FREE trade, Fixed, Dynamic, and FIT

Cons

  • High brokerage charges on other plans
  • Trading platform performance is average

What Makes Kotak Securities The Best Broker For Trading?

With its exceptional range of features, robust research capabilities, advanced trading tools, reliable customer support, and investor education initiatives, Kotak Securities has established itself as an outstanding trading platform, trusted by traders who seek a comprehensive and rewarding trading experience. Furthermore, Kotak Securities as the best stock broker in India emphasises investor education, offering educational resources, webinars, and seminars to enhance traders’ knowledge and understanding of the market.

9. Sharekhan

Sharekhan stands out as the best broker in India for 2024 due to the distinctive features that set it apart from other competitors. The firm provides traders with the tools and resources they need for successful trading. It offers a comprehensive range of investment options, including equities, derivatives, commodities, mutual funds, and more, enabling traders with opportunities to diversify their portfolios.

The firm also prioritizes customer support, offering dedicated assistance through various channels to address queries and provide prompt resolution for traders. Additionally, Sharekhan places emphasis on investor education, offering educational resources, webinars, and workshops to enhance traders’ knowledge and skills.

Service Offered By Sharekhan-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits etc.

Top Trading Platform By Sharekhan-

  1. Trade Tiger
  2. Sharekhan web
  3. Sharekhan mobile app
  4. ComMobile Pro
  5. InstaMf App

Sharekhan Brokerage Charges

  • Account opening charge: Classic Account: 750, Trade Tiger Account: 1000
  • Annual maintenance charge: Rs 400 (Second year onward)
Trading Segment Brokerage Charges
Plan Name Classic Trading Plan (Percentage Based)
Monthly Plan NA
Equity Delivery 0.5% or 50 paisa
Equity Intraday 0.1% or 10 paisa
Equity Futures 0.1% or 10 paisa
Equity Options 2.5% of Premium or Rs 250 per lot whichever is high
Currency Futures 0.1% or 10 paisa
Currency Options 2.5% of Premium or Rs 30 per lot whichever is high
Commodity 0.1% or 10 paisa

Pros

  • The well-established brand with strong brand value
  • Extensive online and offline presence
  • Offers multiple brokerage charges to cater to different requirements
  • Provides offline training, workshops, and other educational resources 

Cons

  • Does not offer a 3-in-1 account facility
  • Higher brokerage charges compared to some other brokers

What Makes Sharekhan The Top Brokers In India?

The firm excels in research and analysis, providing expert recommendations, market insights, and research reports that aid traders in making informed investment decisions. With its extensive reach, diverse investment options, strong research capabilities, advanced trading platform, customer-centric approach, and focus on investor education, Sharekhan truly stands out as the best stock broker In India for 2024, providing traders with a rewarding and enriching trading experience.

10. Motilal Oswal

Motilal Oswal is widely regarded as one of the top stock broker in India, earning its reputation through a combination of exceptional services and a strong track record in the financial industry. With a focus on delivering a seamless trading experience, Motilal Oswal offers a robust trading platform equipped with advanced features and tools.

The firm is known as the best broker for trading for its accurate and insightful research reports, expert recommendations, and in-depth market analysis, enabling traders to stay ahead of market trends and identify profitable trading opportunities. The firm’s exceptional trading ability is also complemented by its dedicated customer support team, ensuring prompt assistance and resolving queries effectively.

Service Offered By Motilal Oswal-

Equities, Derivatives, Currency, Commodities, Mutual Fund Investment, IPO Investment, Fixed Deposits, SIPs etc.

Top Trading Platform By Motilal Oswal-

  1. Motilal Oswal trade
  2. Desktop trading platform
  3. Web trading platform Mobile app

Motilal Oswal Brokerage Charges

Trading Segment Brokerage Charges
Equity Delivery 0.20%
Equity Intraday Lifetime Free
Equity Futures 0.02%
Equity Options Rs 20 per lot
Commodity Futures Rs 20 Per Lot
Commodity Options Rs 20 Per Lot
Currency Futures 0.02%
Currency Options Rs 20 per lot

Pros

  • Recognized for its award-winning research services
  • Offers a wide range of investment choices
  • Provides the option of a personal advisor or advisory service
  • Multiple brokerage plans available to cater to different requirements

Cons

  • Brokerage charges are relatively high compared to discount brokers
  • Does not offer a 3-in-1 account facility
  • The potential presence of additional hidden charges

Why Is Motilal Oswal The Right Choice As Best Stock Broker in India?

Motilal Oswal has a wide variety of products to choose from, including mutual funds, gold investment, IPOs, insurance, and fixed-income products, among others. If you’re an experienced investor who isn’t afraid of taking on risks, this is the best option for you. With its diverse investment options and responsive customer support, Motilal Oswal excels in delivering exceptional trading experiences, making it the best stock broker in India for traders who value exceptional trading abilities.

Read More- Motilal Oswal Review (Recently Updated)

Important Points To Follow While Choosing The Top 10 Stock Brokers In India

Here are some of the most important considerations to keep in mind when searching for the top 10 stock brokers in India to work within the current market.

1. History Of The Brokerage

A thorough investigation of the brokerage firm is required before settling on the best stock broker in India. Check out the company’s history, fees, and reputation by reading through customer testimonials and reviews. If you do your homework thoroughly, you may rest assured that you’ve selected the greatest stock broker. 

2. Amount Paid In Fees

This is also another important consideration when making your final decision on the best broker for trading. A broker’s commission has an impact on the amount of money you make. Before deciding on a broker, it’s a good idea to evaluate the fees charged by each one.

3. Platform For Trading

To trade stocks online, the top brokers in India provide a trading platform or software. It means that the system you’re working with has to be easy to use, reliable, and quick. Obtaining a sample of the platform from the broker is highly recommended to ensure that you can run the software effectively. 

4. Support For Clients

Top 10 stock brokers in India are those that provide excellent client service, which gives them an advantage over their rivals. Brokers who are quick to reply to customer questions are more likely to be chosen by customers. As a result, ensure that the best stock broker in India you select is quick and responsive to your needs. 

5. Tools And Knowledge For The Trader

When looking for the top 10 stock brokers in India, it’s critical to consider the firm’s instructional resources and trading tools. At no additional charge, the majority of trustworthy internet brokers offer instructional materials like video lectures, online courses, webinars, and seminar presentations. 

6. Regulation

If you experience a loss while trading, having proper regulations in place is crucial. This ensures that the forex broker is fair and follows industry rules, safeguarding your money and personal details. Choosing an Indian stock broker with a solid history of compliance with government standards is a smart move for your financial safety.

Top 5 Stock Brokers In India 2024 (Client Rating)

Trading Platforms Rating (out of 10)

Zerodha Upstox Angel One Groww 5paisa
Fast Trade Completion 9.5 9.25 9.25 9.3 9.5
Bulk Trade Processing 9.35 9.47 9.47 9.6 9.35
Trading without Errors 9.4 9.38 9.38 9.3 9.4
Features 9.65 9.3 9.3 9.6 9.65
Quick Interaction 9.4 9.25 9.25 9.35 9.4
Easy to Use 9.56 9.55 9.55 9.75 9.56
Open Demat Account Request Callback Request Callback Request Callback Request Callback Request Callback

Conclusion

Choosing the best stock broker in India would help you not only in seamless buying and selling of stocks in stock exchange but a reliable stock broker can be your most trusted partner in your journey to sensible and fruitful stock investment. No matter what investment objective you have, the aforementioned top 10 stock brokers in India have been found to deliver best-in-class stock investment experience to their clients across BSE and NSE. However, for best outcomes, it’s suggested to look into the top 10 stock brokers in India and pick the one that suits your investment goals and budget the most.

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FAQs

1. Who is no 1 broker in India?

Ans. According to various industry report and user reviews, Zerodha is the no.1 stock broker India. It offers zero brokerage Demat account. There is no brokerage for delivery-based transaction. And it charges a brokerage of flat Rs. 20 per order for intraday and derivates trading.

2. Which stock broker is safe in India?

Ans. ICICIdirect is considered the safest stock broker in India.

3. Which is the best stock broker for beginners in India?

Ans. Zerodha is the best stock broker for beginners in India. Not just the stock broker offers competitive brokerage plan but it also provides insightful stock market education to investors which helps them in understanding market dynamics and make sensible investment decisions down the line.

4. Who is the No 1 full service broker in India?

Ans. According to market experts, ICICIdirect is the top full-service stock broker in India in terms of client base, trading services, and user reviews.

5. Which one is the best discount broker in India?

Ans. Undoubtedly, Zerodha is the best discount broker in India.

6. Which broker offers the lowest brokerage charges?

Ans. The lowest brokerage charges in India are levied by Zerodha which levies a brokerage of 0.03% of Rs. 20 per executed order across trading in equity, currency, and commodity segments. There is a brokerage of flat Rs. 20 per order in the case of option trading.

7. Who is the best person in the stock market in India?

Ans. Rakesh Jhunjhunwala is considered the most respectful and admired person in the stock market in India. He is a role model for all the best traders in India due to his humble personality and unmatched stock investment strategies. He is popularly known as the India’s Warren Buffet” and “The Big Bull”. He passed away at an age of 62 on 14th Aug, 2022.