In this post, we’ll look at India’s 15 biggest stock brokers based on the total number of unique active clients. More than 5000 stockbrokers are registered with SEBI and other stock exchanges in India. According to the most recent available data, as of March 31, 2023, the National Stock Exchange (NSE) has 310 registered stock brokers in India (including defaulters and exiles). The total number of active clients is one of the most accessible criteria for looking for the best stock broker in India to open a Demat and trading account.
Although a solid buyer base does not guarantee a better carrier, having a significant company minimizes the chances of the brokerage company quitting or leaving the carrier too soon. Stock brokers nowadays will say that they are simple because they are registered with SEBI. However, just because they’re registered with SEBI doesn’t mean they’ll be dependable in the long run. Frequently, many such small agents are both thrown out of the change or forced to leave the business and file for bankruptcy. And this causes a great deal of frustration for their modern clients.
As a result, creating a trading account with the biggest stock brokers in India is safer for clients who want to prevent such problems.
Factor For Choosing the Biggest Stock Brokers In India
Some websites rank Indian stock brokers based on brand value, trading platform, customer service, amenities supplied, complaint rate, etc. This article, however, will not go into detail about it.
The total number of unique active clients for that broker is the only factor we observe here. This article lists the stock broker with the most clients first, followed by the stock broker with the most active clients. This method makes use of data from the NSE India website. The monthly totals for each client of the numerous stock brokers listed on the National Stock Exchange website are available.
15 Largest Stock Brokers In India- (Based On Active Clients)
After gaining brief information about the 15 biggest stock brokers in India, it’s time to delve deeper and get to know more about these stockbrokers in detail. So, let’s start.
1. Zerodha
Known to be the first to offer flat fee discount brokerage services, Zerodha is undoubtedly the top stock broker in India. Setup by Nitin Kamath in 2010, Zerodha has more than 6 million active traders and investors. It is the most popular and biggest stock broker in India. It allows traders and investors to invest in Currency, Equity, IPO, Commodity, and Direct Mutual Funds.
The term Zerodha is made up of two words – Zero and Rodha, where ‘Rodha’ refers to the barrier. Put simply, it means zero barrier.
The biggest feature of Zerodha is its 0 brokerage for trading in equity delivery and direct mutual funds. It charges flat Rs. 20 or 0.03% (whichever is lower) for trading in intraday and F&O. The maximum brokerage with Zerodha is Rs. 20 for any trade order across all segments.
Best Features
- One of the biggest stock brokers in India in terms of active clients, fresh customer acquisition, and market volume
- Maximum brokerage is capped at Rs. 20 per trade, which is 60 – 90% lower than its counterparts
- Gives up to 20x leverage on intraday trading
- 0 brokerage for trading in equity delivery and mutual funds
- Years of market expertise
- One of the safest and most reliable stockbrokers in India
- 0 commission on Direct Mutual Funds
- A perfect choice for beginners, active and passive investors, algo traders, and active traders
- Advanced and user-centric web and mobile trading app – Zerodha Kite
- Zerodha Coin – A mutual fund investment platform
- Zerodha Varsity – An investor education program
- Smallcase – A thematic investment platform
- Other trading platforms – Streak (algo & strategy platform), Sensibull (options trading platform), and GoldenPi (bonds trading platform).
Zerodha Brokerage Charges:
| Segment | Zerodha 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) |
2. Upstox
The second largest stock broker in the list is Upstox, which was earlier known as RKSV Securities India Pvt. Ltd. The biggest strength of Upstox is that it is supported by the legendary businessman Mr. Ratan Tata, Kalaari Capital, and GVK Davix. A Mumbai-based stock broker, Upstox was founded in 2011 with the objective to bring a high level of simplicity to stock trading.
Best Features:
- Availability of 3-in-1 account
- Margin funding
- Flat Rs. 20 per trade for intraday trading
- Nill brokerage on delivery
- Offers reasonable brokerage basis for the trading plan chosen
- Next-gen mobile trading platform- Upstox Pro Mobile
- Choose from a large number of mutual funds under the Upstox MF platform
- Availability to invest in IPOs online
- Margin trading facility can be used at an interest rate of Rs. 20 per day
- Upstox Developer Console helps people develop and code their own trading app using Python language
- Dartstock software offers live & trend finders, opportunity scanners, recover & fall trackers & several other tools,
Upstox Brokerage Charges
Upstox enables traders and investors to trade in equity, commodity, equity intraday, F&O, and currency derivatives. The stock broker charges Rs. 249 for Demat account opening. Upstox equity delivery brokerage stands at Rs 20 or 2.5% per order (whichever is lower. Its brokerage for equity intraday is Rs 20 per executed order or 0.05% (whichever is lower).
| Segment | Upstox Brokerage Charges |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order or 2.5%, whichever is low |
| Equity Intraday | Rs 20 per executed order or 0.05%, whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05%, whichever is lower |
| Equity Options | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or 0.05%, whichever is lower |
| Currency Options | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or 0.05%, whichever is lower |
| Commodity Options | Rs 20 per executed order |
3. Groww
Set up in 2016, Groww started its journey as a direct mutual fund investment platform, and later, in 2020, it expanded its wings and forayed into equity trading. It allows investors to trade in IPO, equity, and direct mutual funds.
Groww gives its investors a flawless trading experience with its own trading platform, Groww, for both web and mobile-based trading. It has 128-bit encryption, making it a safe and secure app. Groww had a robust user base, making it one of India’s fastest-growing stock brokers in India. Additionally, it has one of the top ratings (4.5+) in both the App Store and Google Play Store.
Groww Brokerage Charges
| Segment | Groww 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 |
The commission-free investment feature of Groww makes it one of the most popular stock brokers in India for mutual fund investment. Moreover, the trades and investors can invest in US ETFs, US equities, US FDs, and gold.
4. Angel One
Earlier known as Angel Broking, Angel One is one of India’s leading full-service stock brokers and became active in 1987. It also offers discount brokerage services to its clients. With an excellent branch and sub-broker network across different cities, the stock broker allows traders and investors to invest in stocks, IPOs, mutual funds, and insurance.
Opening the Demat account with Angel One is quick and hassle-free. Angel One charges zero brokerage for stock investments. The maximum brokerage is Rs. 20 per order across intraday, commodities, F&O, and currencies.
The broker provides the top internal online trading platforms across desktops, smartphones, and web browsers. An all-in-one mobile trading app, called Angel One App, puts commerce across industries at your fingertips. One of the most significant desktop trading platforms is Angel SpeedPro, which offers portfolio management features, extensive charting capabilities, and quick market updates. Additionally, it provides customers with paperless mutual fund investment options through the Angel BEE app.
Angel One Brokerage Charges
The brokerage plan by Angel One has zero brokerage on equity delivery and Rs. 20 or 0.25% for other categories.
| Segment | Angel One Brokerage Charges |
| Monthly Fee (Fixed) | |
| Equity Delivery | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order |
| Equity Futures | Rs 20 per executed order |
| 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 |
5. ICICI Securities
ICICI Securities is one of the most reliable full service stock brokers in India and offers a plethora of trading and investment products, including mutual funds, commodities, derivatives, equity trading, IPO, currencies, fixed deposits, bonds, and loans against securities.
ICICI Securities’ 3-in-1 account opening feature is undoubtedly the best. Put simply, it enables easy pay-in and pay-out. The stockbroker offers four brokerage plans – Prime Plan, Neo flat brokerage plan, I-Secure plan, and Lifetime Prepaid brokerage plan. The delivery trading is totally free and there is a maximum brokerage of Rs. 20 per order across commodity, F&O, intraday, and currency.
ICICI Direct Brokerage Charges:
| Segment | ICICIDirect 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 |
6. SBICAP Securities
A part of the State Bank of India Group, SBICAP is a 100% subsidiary of BI Capital Markets Ltd, a full-service stockbroker in India. Set up in 2006, the company’s offerings include retail equity, institutional equity, broking, derivatives, and third-party distribution services.
NRIs living all over the world can choose to access a comprehensive range of services from SBICAP Securities Limited. Due to legal limitations, SSL does provide a 3-in-1 account to NRIs who live in the US, UK, Canada, and Japan but does not actively seek out investments from them. NRIs, however, are free to use any of the company’s services as they look easy and effective. SSL offers online trading solutions to NRIs in collaboration with the State Bank of India.
SBICAP Brokerage Charges
The 3-in-1 account opening charges at SBICAP is Rs. 840, whereas its annual maintenance charges are Rs. 500.
| Segment | SBICAP Brokerage Fee |
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 100 per lot |
| Currency Futures | 0.03% |
| Currency Options | Rs 30 per lot |
| Commodity Futures | NA |
| Commodity Options | NA |
7. Kotak Securities Limited
Kotak Securities Limited is one of the largest stock broker in India with highest active clients. It started its operations in 1994 and offers a wide range of products and services to traders and investors in India. It allows them to invest in equities, currency, commodities, and mutual funds. Its major services include research advisory, portfolio management services (PMS), depository services, margin trade funding, and insurance. With Kotak Securities, investors can also invest in US stocks.
Kotak Securities Limited Brokerage Charges
The excellent branch network of Kotak Mahindra Group gives an upper edge to the stock broker within the country. It also offers 3-in-1 account opening features to retail investors. Though the account opening charges are zero, the account maintenance charges are Rs. 600 per year, whereas the call & trade charges are Rs. 49. Being in the stock trading sector for more than 25 years, Kotak Securities has maintained a robust and reliable position in the industry. As intraday trading at Kotak Securities is free, the broker offers reasonable brokerage. However, equity delivery brokerage is a bit higher than other categories.
| Segment | Kotak Brokerage Charges |
| Monthly Fee (Fixed) | |
| 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 |
8. HDFC Securities Limited
HDFC Securities is one of the biggest stock broker in India with 1483643 active clients. HDFC Bank’s subsidiary HDFC Securities was founded. Customers may trade and invest in stocks, bonds, futures, options, buybacks, mutual funds, initial public offerings (IPOs), currency derivatives, commodities, stock portfolios, and more through the firm. A SEBI-registered broker, HDFC Securities is an active participant in the BSE, NSE, MCX, CDSL, and NSDL exchanges.
With the use of HDFC Securities’ 3-in-1 account, investors can open a bank account, a demat account, and a trading account directly through HDFC Bank Limited. By completing a single application form, those accounts can be opened either individually or simultaneously under a single umbrella.
HDFC Securities Brokerage Charges
HDFC Securities offers user-friendly trading platforms for desktop, browser, and mobile. The major benefit of using these trading platforms is that they are created and maintained internally, so you will receive complete assistance in the event of a problem or question. The account opening charges of HDFC Securities is very high and stands at Rs. 999.
| Segment | HDFC Securities Brokerage Charge |
| Monthly Fee (Fixed) | Rs 199 per year |
| Equity Delivery | 0.32% |
| Equity Intraday | 0.032% |
| Equity Futures | Rs 20 per trade |
| Equity Options | Rs 20 per trade |
| Currency Futures | |
| Currency Options | |
| Commodity Futures | |
| Commodity Options |
9. IIFL Securities Limited
Started operating way back in 1995, IIFL Securities has come a long way in providing cutting-edge, technology-driven stock broking services to traders and investors in India. The full-service stockbroker’s two major offerings are research advisory and online trading services that are offered across derivatives, stocks, insurance, commodities, loans, IPOs, bonds, fixed deposits etc.
IIFL Securities Brokerage Charges
There is a zero-cost account opening service by IIFL Securities, however, the account maintenance charges are Rs. 250. There is zero AMC for the first year. IIFL offers an easy brokerage mechanism to traders and investors. It offers trading at flat Rs. 20 per order across all trading categories.
| Segment | IIFL Securities Brokerage Charges |
| Monthly Fee (Fixed) | Rs 0 (Free) |
| Equity Delivery | Rs 20 per executed order |
| Equity Intraday | Rs 20 per executed order |
| Equity Futures | Rs 20 per executed order |
| 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 |
10. Motilal Oswal
One of the biggest stock brokers in India, Motilal Oswal was set up in 1987. The full-service stock broker enables investors and traders to trade in Equity, Commodity, Currency, and Derivatives. Its other investment products include Mutual Funds, Gold, IPOs, Fixed Deposits, and Insurance. The broker’s retail clients – international institutional investors, financial institutions, and corporate clients make up Motilal Oswal’s diverse clientele.
Motilal Oswal Brokerage Charges
For equity delivery, Motilal Oswal charges 0.20%, for equity intraday (free) and futures, 0.02%, and for equity and currency options, Rs.20 per lot. For futures and options, the commodity brokerage fee is 0.02%, and it costs Rs. 20 per lot.
| Segment | Motilal Oswal 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 |
11. Sharekhan
Sharekhan is one of the well-known and trusted names in the stock broking industry. Started functioning in the year 2000, Sharekhan is a clear winner in the equity and derivative segment in India. It is also said that it is Sharekhan that brought the concept of online trading.
The full-service stockbroker is a registered member of NSE, BSE, and MCX. It offers margin trading services in addition to allowing trading in stocks, derivatives, commodities, currencies, IPOs, and mutual funds. The broker caters to all types of clients, including retail traders, investors, NRIs, businesses, and institutions.
Sharekhan is a pioneer in internet trading when compared to Zerodha. Sharekhan started with internet trading in early 2000, much as Zerodha did with their cheap brokerage concept in 2012. One of the greatest online trading platforms and PAN India branches are still provided by Sharekhan. In terms of brokerage, Sharekhan does really charge more than Zerodha (Maximum Rs 20 per order and free Delivery trade).
Sharekhan Brokerage Charges
| Segment | Sharekhan 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 |
12. 5Paisa Capital Limited
Started in 2016, 5Paisa Capital Limited is one of the most popular discount brokers in India and offers almost everything that is needed to deliver an amazing stock trading experience from affordable brokerage plans, zero-cost mutual fund investment, tech-enabled trading platforms, and others. Fully managed by none other than IIFL, 5Paisa allows traders and investors to invest in equity, currency, and commodity across BSE, NSE, and MCX.
5Paiasa is a discount brokerage firm with an emphasis on technology. It provides cutting-edge online trading platforms in web, mobile app, and desktop editions. The desktop trading program 5paisa Trade Station 2.0 and 5paisa Trade Station Web are both web-based trading platforms with browser support for active traders. A number of special features, like a multi-asset watchlist, sophisticated charting, exclusive research, and Robo investment advising capabilities, are available on the broker’s top 5paisa Mobile Trading App. Customers may also access the industry’s best automatic trading using the cutting-edge algo trading platform offered by 5paisa, which is favored by seasoned investors.
5Paisa Brokerage Charges:
| S. No. | Segment | Basic Plan | Power Investor Pack | Ultra Trader Pack |
| 1 | Monthly Charges | 0 | Rs. 499 | Rs. 999 |
| 2 | Equity Delivery | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 3 | Equity Intraday | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 4 | Equity Futures | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 5 | Equity Options | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 6 | Currency Futures | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 7 | Currency Options | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| 8 | Commodity | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
13. Axis Direct
Set up in 2005, Axis Securities Ltd is a subsidiary of Axis Bank, a leading banking firm in India. It is a full-service broker and offers a wide range of stock broking services and financial products to best traders and investors across the country. Axis Direct is consider among the 15 biggest stock brokers in India with a large 5.5 lakh clients.
This full-service stockbroker is registered under NSE, BSE, MSEI, and MCX – SX s and allows its clients to trade across Equity, Derivative Trading, Currency Trading, IPO, NCDs, Mutual Funds, Bonds, and ETFs.
Axis Direct Brokerage Charges:
Axis Direct has account opening charges are Rs. 900 where the AMC is capped at Rs. 640 for the Demat account.
| Segment | Brokerage Charges |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Future | 0.05% |
| Equity Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.05% |
| Currency Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Commodity Futures | 0.03% |
| Commodity Options | Rs 50 per lot |
14. Paytm Money Limited
Set up in 2017, Paytm Money Limited (usually called Paytm Money) is a leading discount broker in India. Paytm Money is a wholly-owned subsidiary of One97 Communications Ltd, which is India’s biggest and top digital goods and mobile platform. Paytm is an RBI-certified Indian e-commerce payment system in India.
Paytm Money is a registered member of CDSL, BSE, and NSE. Beginning its operations as a direct mutual fund investment platform, Paytm Money later expanded its portfolio by allowing its clients to trade in equity, IPOs, digital gold, and ETFs. Paytm Money is primarily known for its competitive charges for trading like zero-cost Equity Delivery trading. Paytm Money also provides Free Mutual Fund services with zero charges to invest or redeem the mutual funds.
Paytm Money Brokerage Charges:
| Segment | Brokerage Charges |
| Equity Delivery | Rs 20 or 2.5% of turnover (whichever is lower) |
| Equity Intraday | Rs 20 or 0.05% of turnover (whichever is lower) |
| Equity Future | Rs. 0.01 upto Rs 20 per Executed Order |
| Equity Options | Rs 20 per order |
15. Nuvama Wealth & Investment Limited
Set up in 2008, Nuvama Wealth & Investment Limited (Earlier known as Edelweiss) is India’s leading full-service stock broking firm. The firm’s major offerings are Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
For all asset classes, trading approaches, and time horizons, Nuvama provides its clients with investing guidance that is supported by research and analysis. The finest selection of trading platforms for all media is offered by Nuvama (Mobile app, a website & desktop trading software). All trading platforms are excellent and simple to use, with India’s top-rated app being Nuvama Mobile Trader.
Nuvama (Edelweiss) Brokerage Charges:
Account opening for trading and demat accounts is free at Nuvama. The annual maintenance fee for a Nuvama Demat Account is Rs 500. The first year of the demat AMC is free. For trading in stock delivery, intraday, and F&O, Nuvama charges a fixed brokerage of Rs 10 per order. Trading in currency derivatives is subject to the same brokerage charge.
| Segment | Brokerage |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 10 per executed order |
| Equity Intraday | Rs 10 per executed order |
| Equity Futures | Rs 10 per executed order |
| Equity Options | Rs 10 per executed order |
| Currency Futures | Rs 10 per executed order |
| Currency Options | Rs 10 per executed order |
| Commodity Futures | |
| Commodity Options |
Conclusion:
As of March 31, 2022, the total number of active clients of all stock brokers was 3.60.35.020, according to the NSE India website (3.60 Cr).
From the table above, it is clear that Zerodha is the largest stock broker on the National Stock Exchange of India and its mobile trading app is Zrodha Kite, with unique clients registered.
Zerodha has roughly 17.42 percent of the total market share of active clients registered on the National Stock Exchange as of March 31, 2022. There are around 62.77 million active clients, compared to 3.5 million active clients across all NSE stock brokers.
What makes this list even more interesting is that Zerodha, which acquired unicorn startup status in 2020, surpasses all old and mature traditional brokers, even though it was just founded in 2010. .. As of 2022, Zerodha reports that both profits and revenues in 202122 increased by about 60% year-on-year to about Cr 1,800 and Rs 4,300 Cr. Zerodha is currently worth more than $ 2 billion.
RKSV Securities (Upstox), Angel Broking, 5Paisa, and Groww (NextBillion Technologies) have also climbed into India’s top ten stock brokers in terms of active clients.
Upstox comes in second, according to the table above. Upstox is in the second position, with approximately 52.15 unique clients and a 14.47 per cent market share.
Groww (38.47 lakh client), Angel Broking (36.57 lakh client), ICICI Securities (30.31 lakh client), 5Paisa (17.54 lakh client), Kotak Securities (12.56 lakh client), HDFC Securities (11.41 Rak client), IIFL Securities (11.32 Rak client), Motilal Oswal Group (8.96 Rak client), Sharekhan (7.64 Rak client) are the other most prominent stock brokers on this list. These 15 largest stock brokers collectively account for more than 85.19 per cent of all individual clients registered with the NSE.
In addition, compared to other stock brokers, Upstox (RKSV Securities) and Groww (Next Billion Technologies) are fast rising. On March 22, Upstox’s market share increased from 11.33 per cent on June 21 to 14.47 per cent. Groww has eclipsed ICICI Securities, 5 Paisa, HDFC Securities, Kotak Securities, and Sharekhan in the last six months in terms of the total number of active NSE clients, jumping from 7th to 3rd place.
Upstox and Groww, by coincidence, are both well-funded businesses with a higher reputation than Zerodha. After the most recent funding round, Upstox was given Unicorn status and is now valued at $ 3 billion.
FAQs
Qu1. Which are the top stock brokers in India?
Ans. The top 5 stock brokers in India are:
- Zerodha
- Angel One
- Groww
- Upstox
- 5Paisa
Qu2. Can you name the most trusted stock broker in India?
Ans. Zerodha is considered the most reliable stockbroker in India at present. The various Zerodha reviews available online clearly indicate that the discount brokerage firm has been maintaining a reliable and steadfast reputation among traders and investors.
Qu3. Which stockbroker offers the lowest brokerage charges in India?
Ans. Among all stock brokerage firms, 5 Paisa has the lowest brokerage charges. For traders and investors, the brokerage is of extreme importance since it determines the size of their earnings and net income. People typically don’t want to spend more money than they should, and 5 paisa meets these demands.
Qu4. Which stockbroker is known for research, advisory, and stock tips?
Ans. India Infoline abbreviated as IIFL is trusted by traders for dedicated advice, having a super rating of 8.9. IIFL, one of the leading stock brokers in India has accurately and precisely extracted the most sought-after insights on various stock’s performance and their prospects in varying market situation.