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Top 20 Stock Broker in India 2023

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Top 20 Share Brokers in India 2021
Rank Broker Active Clients Account Opening
Charge
Join Now Account
Maintenance Charge
Equity Delivery
Brokerage
Equity Intraday
Brokerage
1 Zerodha 37,96,628 300
Rs.
Join
Today
300
Rs.
zero 0.03%
2 Upstox 23,69,796 249
Rs.
Join
Today
300
Rs.
zero 0.05%
3 Angel
Broking
16,60,058 FREE Join
Today
240
Rs.
zero 0.05%
4 ICICI
Direct
16,56,663 FREE Join
Today
700
Rs.
0.55% 0.05%
5 HDFC
Securities
9,63,691 FREE Join
Today
FREE 25 Rs. 25 Rs.
6 Groww 9,22,024 FREE Join
Today
FREE 0.05% 0.05%
7 5paisa 8,97,128 FREE Join
Today
45
Rs.
10 Rs. 10 Rs.
8 Kotak
Securities
7,50,711 FREE Join
Today
600
Rs.
0.39% 0.04%
9 Sharekhan 7,03,227 FREE Join
Today
400
Rs.
0.50% 0.10%
10 Motilal
Oswal
5,91,584 FREE Join
Today
FREE 0.20% 0.02%
11 AxisDirect 4,62,897 499
Rs.
Join
Today
790
Rs.
0.50% 0.05%
12 SBI
Securities
3,32,822 850
Rs.
Join
Today
350
Rs.
0.50% 0.05%
13 IIFL
Securities
2,99,018 FREE Join
Today
250
Rs.
zero 20 Rs
14 Geojit 2,06,213 425
Rs.
Join
Today
FREE 0.30% 0.03%
15 Edelweiss 1,59,320 FREE Join
Today
750
Rs.
0.30% 0.03%
16 SMC
Global
1,38,362 FREE Join
Today
400
Rs.
0.03% 0.03%
17 Religare 1,34,691 500
Rs.
Join
Today
FREE 0.50% 0.05%
18 Alice
Blue
1,30,312 FREE Join
Today
400
Rs.
zero 0.05%
19 Nirmal
Bang
1,24,754 FREE Join
Today
200
Rs.
0.02% 0.02%
20 Reliance
Securities
1,16,929 950
Rs.
Join
Today
400
Rs.
0.40% 0.04%
If you are looking to compare top 10 stock brokers in India for your investment then you are in the right place & at the right time. Check the Ratings of Top 10 Share Brokers in India:

A genuine list of top share brokers in India 2021 by the number of the active clients in 2021. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by ICICI Bank, HDFC Bank and Sharekhan.

Zerodha

Zerodha is best for placing high volume trades with minimal margin requirements. The broker charges a flat Rs. 20 for intraday and F&O trades.

    Zerodha is a self-clearing broker which means that they don’t recover clearing charges from customers.
    They provide only Direct Plans on Mutual Fund investments.
    Bonds & G-securities can also be invested through Golden Pi.
    Provides free stock market lessons and financial education for everyone.

Upstocks

Long term investors, pro traders or part-time traders can choose across various asset classes and create your customised portfolio. All from one platform.

    They have morning newsletters on market talks for free to know the market recap.
    Free equity delivery brokerage on each plan.
    There are many technical indicators for traders.
    Upstox is funded by Ratan Tata which adds a trust/ reliability in RKSV group.

Angel Broking

Angel Broking Limited is one of the largest independent full-service retail broking houses in India committed in providing accurate and widespread data for every online share trader. Angel Broking is considered as a home to the independent database on the web covering the Indian online brokerage industry.

Pros

    Provides Full-service brokerage services at low brokerage fees.
    Offers free investment advisory and research tools to the customers.
    Provides event-based daily, weekly and monthly reports to facilitate informed decision making.
    Provides free equity delivery.
    Provides an option to invest in Corporate bonds.

ICICI DIRECT

ICICIdirect is the largest retail broker and financial product distributor in the country trusted by over 50+lac customers with over 2 decades of service having 170+ branches across India. ICICIdirect.com has revolutionized the world of online investing.

    VTC (Valid Till Cancelled) option gives customers a chance to place buy or sell limit orders which will remain valid for 45 days.
    It offers research-based financial advice on all asset classes.
    Technical analysis and stock tips are provided to customers free of cost.

HDFC Securities

HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account.

    Enjoys brand equity and trust because of its banking service provider HDFC bank.
    Provision of 3 in 1 account facility provides the users smooth and flawless trading experience.
    Highly skilled relationship managers help the investors by solving their queries.
    Portfolio tracking system helps to monitor overall portfolio.
    They have physical branches present in most of the cities.

Groww

Groww is an online investment platform that allows investors to invest in mutual funds and stocks. Headquartered in Bangalore, Karnataka, the company has raised over $140 million as of April 2021, at a valuation of $1 billion

    Commission free investment for customers.
    Opening a trading and Demat account is quick and easy. Only the Aadhar Card is required for e-sign up.
    Simple and intuitive User Interface.
    They are coming up with an option to invest in US-based stocks.

5paisa

Start stock trading for delivery or intraday in NSE or BSE and trade across 5000+ listed companies.

    IIFL Group, that is a premier Indian NBFC with experience of over 2 decades, is the promoter of 5paisa.
    Provides an option to choose from 2 Subscription plans as per your trading needs.
    Offers free technical, derivative, and fundamental research with an advanced trading platform for traders.

Kotak Securities

Kotak Stock Trader is a widely used mobile trading app for trading in the Indian stock market. Tap and trade wherever you are with Kotak Stock Trader.

    Kotak Securities provides a wide range of investment options.
    Provides daily alerts, market pointers, research reports, stock recommendations, etc. to the customers.
    They also provide PMS services & foreign investment.
    NRIs can also open an account with Kotak Securities.

Sharekhan

Sharekhan is an India-based stockbroker founded in 2000. It is a subsidiary of French banking group BNP Paribas, which is listed on the Euronext Paris stock exchange. Sharekhan is regulated by the Securities and Exchange Board of India.

 Low non-trading fees    
 No withdrawal fee

Motilal Oswal

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. The company was founded by Motilal Oswal and Raamdeo Agarwal in 1987.

    Free call and trade services.
    Get in-depth stock or scheme analysis and recommendations for free.
    ‘Trend guiding tool’ provides combined strength of AI, Machine learning and deep industry insights specifically designed for traders.
    Differentiated trading platforms for traders and investors.

AxisDirect

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. Its main offices are in Mumbai. The company employs over 2,100 people

 Provision of 3 in 1 account facilities provides users with a smooth and flawless trading experience.
Free and quality research reports to its customers.
Highly skilled relationship managers help investors by solving their queries.
With ‘Funtastic’ learning, Axis Direct offers free seminars, tutorials, webinars etc., to users.
Enjoys brand equity and trust because of its banking service provider, AXIS bank

SBICap Securities Ltd

SBICap Securities Ltd. (SSL) is a corporation established to take over the SBI Capital Markets Ltd. brokerage operations. The services presently available include the Depository Participant services, Institution Equity, Retail Equity, Derivatives, Broking, E – Broking.

Trading in derivative options, the charge of brokerage is flat Rs.100 per lot
Brokerage charge for trading in currency options is flat Rs. 30 per lot and for currency future is 0.02%.
Minimum brokerage charged for trading is Rs.10 per Transaction.
Maintenance charge for Demat account is Rs 350 and free for trading account need to pay once in a year.
To trade with SBICap Securities minimum Rs 25,000 need to maintain as security amount in demats account.

IIFL Securities

IIFL Holdings Limited d/b/a IIFL and India Infoline, is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain.

    Being a full-service broker they have branches across India and abroad.
    They provide free research reports for Equity shares and Mutual Fund recommendation.
    For providing margin funding they also accept personal Fixed Deposits as collateral.
    Customers can trade in equity, commodity, and currency through a single platform.

Geojit

Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.

Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art online trading portal.

Geojit BNP Paribas has introduced a view only “terminal” that delivers real-time market information from the Company’s system to the GPRS enabled mobile phones of Company’s clients. FLIP-ME* (Financial Internet Platform-Mobile Edition) delivers key information and a host of other features empowering the client on the move to take trading decisions, and avail the call and trade facility to execute orders.
Investors can place orders via phone by calling customer care (Toll free) or through respective branch.
Company has list of preferred backs including HDFC Bank, ICICI Bank, Citibank & Federal Bank, Punjab National Bank, Union Bank of India, Bank of India and IDBI Bank.

Edelweiss

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group which was founded by Rashesh Shah. The company is registered with National Stock Exchange of India, Bombay Stock Exchange and MCX Stock Exchange.

    Full-service broker offering discount brokerage plans.
    Flat rates per executed order across all the trading segments in Lite plan.
    Provides free research, trading tips, and recommendations.
    They have offline presence through branches and franchises which makes it convenient for customers.
    Relationship managers and add-on services like PMS are available.

Alice Blue

Alice Blue is providing world class broking service to our clients and stakeholders with optimum returns at minimal cost. Its broking Model aims at minimizing your brokerage while you enjoy the most advanced online trading with best customer service experience

    Free Equity Delivery brokerage in Freedom (F20) plan.
    Trading Platform is backed by ANT.
    NEST offers a Risk and Order Management System to understand the trading strategy.
    ANT Trading Software is available for free to all its customers.
    Offers access to a range of third party online trading tools & apps.
    The free daily market report is available to all customers.

 

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