Have you been searching for the right online broker in India to serve you with the best? There are multiple share brokers in India, but choosing the one that offers cost-effective trading is indeed a difficult task. To help you make the easy choice, we have curated a list of the top 10 share brokers in India.
In this article, you will read:
- Groww (Leads Best Brokers in India)
- Zerodha (Top Online Stock Broker in India)
- Shoonya (Best Broker for Beginners In India)
- Angel One (Top Online Trading App)
- Upstox (Best Investment Platform)
- ICICI Direct (Best Stock Market Broker in India)
- HDFC Securities Ltd (Best Stock Broker App)
- Fyers Securities (Top Share Broker for Trading)
- SBI Securities Ltd. (Best Online Trading Platform in India)
- 5 Paisa (Best Investment Platform in India)
Let us walk you through each.
Top 10 Brokers in India
1. Groww | Leads Best Brokers in India
Leading the list of top 10 share brokers in India is Groww. It offers minimal brokerage fees, a user-friendly trading app and zero-commission direct mutual funds.
The platform provides a user-friendly interface for investing in a variety of assets, including equity, IPOs, and more.
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2. Zerodha | Top Online Stock Broker in India
Securing the second spot on the list of top 10 share brokers in India is Zerodha.
With zero brokerage fees for equity delivery and mutual funds, Zerodha stands out for its market leadership, trustworthiness, and technological advancement.
3. Shoonya | Online Trading App with Zero Brokerage
Shoonya, introduced in 2013, emerged as India’s first zero-commission trading platform. Currently ranked third among the top 10 share brokers in India, it offers lifetime zero brokerage across all segments. You can start trading with a zero brokerage demat account on Shoonya and enjoy features like advanced trading tools and AI-powered insights.
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4. Angel One | Top Online Trading App
Angel One ranks fourth among the top 10 share brokers in India. It is one of India’s largest full-service retail brokers and provides online discount brokerage services.
It offers brokerage-free equity delivery trades, along with free tips and a flat Rs 20 brokerage fee for intraday and F&O trades. Investors prefer it for its user-friendly trading app and investment advisory services.
5. Upstox | Best Investment Platform
Attaining the fifth position among the top 10 brokers in India, Upstox distinguishes itself with a range of distinctive features.
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It offers trading opportunities across various segments like equities, commodities, currency, futures, and options. With Upstox Pro, traders can access Equity F&O, Equity Intraday, Commodities, and Currency Derivatives trading.
Upstox offers competitive charges, including zero account opening fees and a nominal Rs 150 per year for Demat AMC.
6. ICICI Direct | Best Stock Market Broker in India
Ranked sixth among top 10 share brokers in India, ICICI Direct offers diverse brokerage plans. It offers equity, commodity, and currency trading across major exchanges. Additionally, you can also check Mutual Funds & IPO investments, fixed deposits, loans, and wealth products.
The 3-in-1 account, comprising ICICI Bank Account, Trading Account, and Demat Account, ensures a seamless trading experience.
It offers multiple brokerage plans, including the Neo Plan offering flat Rs 20 per trade brokerage for Intraday and F&O.
7. HDFC Securities Ltd | Best Stock Broker App
Founded in 2000, HDFC Securities stands at seventh rank among the top 10 share brokers in India.
It offers a variety of investment options, including shares, bonds, futures, options, mutual funds, IPOs, and more. It is SEBI-registered and affiliated with major exchanges like BSE, NSE, and MCX.
Its 3-in-1 account integration combines savings, trading, and Demat accounts.
Setting itself apart, HDFC Securities boasts comprehensive investment offerings, multiple trading platforms, and the lowest brokerage of 0.10% per trade for Equity Delivery. It is the preferred choice for investors seeking reliability, convenience, and comprehensive services.
8. Fyers | Top Share Broker for Trading
Fyers Securities, established in 2015, ranks at eighth position among the top 10 share brokers in India.
It specializes in equity cash, F&O, and currency derivatives trading on the NSE.
It offers a simple pricing model. There is a flat brokerage fee of a maximum of ₹ 20/ executed order across all segments.
The company provides free access to its in-house web trading platform, desktop trading terminal, and mobile trading app.
9. SBI Securities Ltd. | Best Online Trading Platform in India
Established in 2006, SSL provides a comprehensive range of services. This includes Institution Equity, Retail Equity, Derivatives, Broking, and Depository services.
The flagship trading platform, SBI Smart, facilitates online investments in Equity, Derivatives, Mutual Funds, IPOs, and NCDs.
For NRIs, SSL offers a full suite of services globally, including a 3-in-1 account linking Bank, Demat, and Trading accounts.
Additionally, SSL offers research services, various online trading software including SBISmart Portal, SBISmart Xpress, and SBISmart Lite.
10. 5 Paisa | Best Investment Platform in India
5 Paisa offers online trading in equity, commodity, and currency across major exchanges like BSE, NSE, and MCX.
It operates on a flat-rate model, charging a nominal Rs 20 brokerage fee per order, irrespective of trade size or segment.
There are a variety of subscription plans, ranging from the Regular Account Pack to the Ultra Trader Pack. It offers brokerage fees as low as Rs 10.
Conclusion
In order to make the best of your stock trading experience, finding the right broker can make all the difference. From zero brokerage demat accounts to advanced trading platforms, these brokers offer a blend of technology, affordability, and expertise. You must do a proper comparison before selecting the best online broker in India.
