Top 10 Share Brokers in India | Who Offers the Best Deals?

Do you know what is the most important part of stock market trading? Having the best broker for trading in India can actually make a difference in your day-to-day experience. We have curated a list of the top 10 share brokers in India to help you make the right choice.

Take a look at their key features, pricing, and choose the one that best suits your trading needs.

Let’s begin!

Table of Contents

Groww

Groww, based in Bangalore, leading the list of top 10 share brokers in India was started in 2016. It offers equity and mutual fund trading, digital gold, US stocks, and fixed deposits.

Account Opening, Pricing, and Charges:

Account Opening: Quick and paperless.
Equity Delivery: Rs 20 per trade or 0.05%, whichever is lower.
Equity Intraday & F&O: Rs 20 per trade.
Mutual Funds: Free to buy and redeem.

USPs and Pricing:

Flat Rs 20 per trade.
Zero commission for direct mutual funds.
Instant, paperless account setup.
No annual demat charges.
Free educational resources.
Option to invest in digital gold and US stocks.
No call-and-trade services or margin trading.
No branch support.

Zerodha

Zerodha is a leading Indian stockbroker known for its flat-fee brokerage model. It offers trading in equities, currencies, commodities, and mutual funds. This online trading platform is known for its transparency and low-cost trading.

Account Opening, Pricing, and Charges:

Account Opening: Free for trading & demat.
Equity Delivery: Free.
Equity Intraday & F&O: Rs 20 per trade or 0.03%, whichever is lower.
Mutual Funds: Free for direct MF investments.

USPs and Pricing:

Enjoy free equity delivery trades with the best online broker in India.
Max brokerage of Rs 20 per trade.
Advanced trading tools and platforms.
Largest stockbroker by active clients.
No margin funding or proprietary trading.
Low complaint ratio.
Referral program with brokerage share.
No unlimited trading plans.

Shoonya by Finvasia

Shoonya emerges as the number three among the top 10 brokers in India. It offers zero-commission trading across various asset classes. It focuses on transparency and cost-effectiveness, making trading accessible without any hidden charges.

Account Opening, Pricing, and Charges:

Account Opening: Free
Equity Delivery: Zero
Futures & Options: Zero
Demat Account- Free

USPs and Pricing:

Zero brokerage across all trading segments.
3000+ direct mutual funds.
Advanced trading tools and user-friendly platforms.
Free account opening and maintenance.
Wide asset selection including mutual funds and ETFs.

Open now- zero brokerage demat account!

Upstox

Upstox is positioned fourth among the best 10 share brokers in India. It is known for its flat Rs 20 per trade model. With this platform, you can trade inequities, commodities, currencies, and mutual funds.

Account Opening, Pricing, and Charges:

Equity Delivery: Rs 20 per trade or 2.5%, whichever is lower.
Equity Intraday: Rs 20 per trade or 0.05%, whichever is lower.
Equity F&O: Rs 20 per trade or 0.05%, whichever is lower.

USPs and Pricing:

Flat Rs 20 per trade across all segments.
No commission on mutual funds.
Advanced trading platforms.
No software usage charges.
Margin trading available.
Tools for strategy execution.
Extensive mutual fund options.
No API access for automated trading.

ICICIdirect

ICICIdirect offers a wide range of trading and investment services. If you are looking for a 3-in-1 account, ICICIdirect is the option for you! However, it charges more as compared to other on the list of top 10 brokers.

Account Opening, Pricing, and Charges:

Equity Delivery: 0.55% brokerage.
Equity Intraday & Options: Rs 20 per trade.
Futures: 0.015% to 0.027% brokerage.

USPs and Pricing:

3-in-1 account for seamless trading.
Brokerage-free equity futures trading.
Flat Rs 20 per trade for options and currency F&O.
Quick access to funds from share sales.
Wide range of investment options.
Low bandwidth website for slow connections.
Additional fees for call & trade.
Higher brokerage charges compared to competitors.

Kotak Securities

Standing sixth among the top 10 share brokers in India, Kotak is known for its research services and physical presence across the country. If you are looking for some offline support, this can be your broker!

Account Opening, Pricing, and Charges:

Account Opening: Free.
Equity Delivery: Brokerage-free with Trade Free Plan.
Futures & Options: Flat Rs 20 per trade.
Demat Charges: Rs 18.5 per scrip (sell only).

USPs and Pricing:

Brokerage-free intraday trades.
Flat Rs 20 per trade for F&O.
3-in-1 account for seamless transactions.
Extensive research services.
Physical presence with numerous branches.
Trade Free Plan for intraday trades.
High net worth individual services.
Additional fees for call & trade.

HDFC Securities Overview

HDFC Securities is also known for its extensive branch network. With this online broker, you can invest in equities, derivatives, and mutual funds.

Account Opening, Pricing, and Charges:

Account Opening: Rs 999 (includes trading, bank, and Demat accounts)
Equity Delivery: 0.50% or min Rs 25 or 2.5% ceiling (Residents); 0.75% or min Rs 100 or 2.5% ceiling (NRIs)
Futures & Options:
- Futures: 0.05% or min Rs 25 or 2.5% ceiling (non-square-off trades); 0.025% or min Rs 25 or 2.5% ceiling (square-off trades)
- Options: Higher of 1% of premium or Rs 100 per lot
Demat Charges: Varies

USPs and Pricing:

Integrated 3-in-1 account for convenience.
Low brokerage rates for equity and derivatives.
Comprehensive trading platforms and 24/7 customer support.
Fast, paperless account opening.
Brokerage-free equity delivery and mutual funds under special offers.

Angel One Overview

Angel One is a major full-service broker in India. It is known for its low brokerage rates and extensive network of branches and agents.

Account Opening, Pricing, and Charges:

Account Opening: Free
Equity Delivery: Free
Futures & Options: Flat ₹20 per trade or 0.25% (whichever is lower)

USPs and Pricing:

Flat ₹20 brokerage for intraday and F&O trades.
Free equity delivery trades and advisory tips.
No NEFT charges and affordable call & trade.
Training and support for new investors.
No 3-in-1 account service.

Motilal Oswal Overview

Motilal Oswal is a well-established share broker in the Indian financial market. Here, you can trade in a range of investment services, including trading in equities, commodities, and currencies.

Account Opening, Pricing, and Charges:

Account Opening: Free
Equity Delivery: 0.20%
Futures & Options:
- Futures: 0.02%
- Options: ₹20 per lot
- Commodity Futures: 0.02%
- Commodity Options: ₹200 per lot

USPs and Pricing:

Free intraday trading for equity.
Comprehensive advisory and research services.
Wide range of investment options including mutual funds and US stocks.
Free trading software and expert market insights.
High margin benefits on select stocks.

5 Paisa Overview

5paisa Capital Ltd, another leading name among the top 10 share brokers in India, is an online discount broker. Established by IIFL founders, it serves a large client base with cost-effective solutions.

Account Opening, Pricing, and Charges:

Account Opening: Free
Equity Delivery/Intraday, Futures, Options, Commodities, Currencies: Rs 20 per trade (reduced to Rs 10 with subscription plans)
Demat Charges: Rs 300 annual AMC

USPs and Pricing:

Flat Rs 20 per order, reduced to Rs 10 with subscription plans.
Extensive research and advisory services.
Free mutual fund account and paperless opening.
Multi-product investment options, including insurance and P2P lending.
No NRI trading services and high demat debit transaction charges.

Conclusion

Trading is as much about experience as it is about strategy. The right platform should not only offer competitive pricing but also be intuitive. By understanding the features and offerings of each broker, you are now set to start!

Good luck!”