famous stock brokers in india

Your ultimate partner in search for the Best Stock Broker in India

Due to impressive returns, multiple investment options and easy liquidity, people have been rushing towards stock market and searching top 10 stock brokers in India for investments. Stock investment is a technical process, hence requires you to connect with the best stock broker in India. Stock trading can be risky, so it needs trading support. This is where Top 10 Stock Brokers in India come into play.

The Best Stock broker are largely referred as agents who are skilled and certified to invest in securities market. They typically act as agents for buyers and sellers of stocks and charge a fee against the delivery of their services. Here, it is necessary to keep in mind that the Best stock broker in India does not own the securities, They just offer their services to the investors for Lowest brokerage charges.

Top 10 Stock Brokers in India – Review of Best Stock broker in India 2021

Rank	Broking House	Overall Rating	Charges	Best Features	Top offers
1	ALICE BLUE	9.85 / 10	Rs 15/Order	Best offers Free Equity Delivery, Single Margin, Robust Trading App
2	Zerodha	9.82 / 10	Free	Best stock broker , 45 Lakh customers ,Best trading platform
3	Angel Broking	9.61 / 10	Rs.15/Order	Free RM service and avisory
4	Upstox	9.53 / 10	Free	Equity MF free Free demat customer friendly
5	5Paisa	9.40 / 10	Rs 20/ trade	Best customer service, fastest trading platform
6	Motilal Oswal	9.05 / 10	0.02 paise	World class advisory free , Dedicated RM
7	Groww	8.70 / 10	Rs.20/order	Best mutual fund platform , fastest growing broker
8	ICICI Direct	8.40 / 10	0.05 paise	3 in 1 demat account with Relationship manager
9	Edelweiss	8.25 / 10	Rs.10/order	Rs 10 per order , advisory free , quick account opening
10	HDFC Securities	8.05 / 10	0.04 paise	Quick support , instant demat account

There are primarily two types of stock brokers in India – Discount Brokers and Full-Service or Traditional Brokers.

List of Top 10 Discount Brokers in India

Top 10 Discount Brokers in India are known to offer better investing tools than others, and they provide low brokerages fee. With discount brokers, you can either perform a trade on web through a computerized trading system or call in your order with a broker over the phone.

1. Zerodha Broking Limited

Zerodha Broking Limited

Zerodha is largely known for introducing the concept of discount broking in 2010. Backed by latest technology, great trading tools and three-way trading platform also considered as best trading platform in India, it is the largest discount broker and best broker for trading in India.

Zerodha is considered as one of the top 10 stock brokers in India because they offer some great features like low brokerage, great exposure and 100% web-based broker. Zerodha is principally known as the best discount broker and 3^rd largest stock broker in India.

Customer Ratings
Criteria	Ratings
Research & Advisory	9.0 / 10
Brokerage Charges & Fees	9.5 / 10
Product & Services	9.55 / 10
Trading Platform	9.20 / 10
Broking Experience	9.7/ 10
Overall Rating	9.24/10
Customer Rating	★★★★★

2. Upstox (RKSV)

Upstox (RKSV)

Another big name in the field of discount broking is Upstox, You can find the list of top brokers in India here. The Best share broker in India offers cutting-edge tools to free trade option and value-centric education also.

Upstox is best broker for trading. There is free brokerage on equity delivery trading and trading in Equity, F&O & Equity Intra Day. An investor can trade on Commodities and Currency Derivates at just Rs. 20 per order.

Customer Ratings
Criteria	Ratings
Research & Advisory	9.0 / 10
Brokerage Charges & Fees	9.5 / 10
Product & Services	9.5 / 10
Trading Platform	9.0 / 10
Broking Experience	9.7/ 10
Overall Rating	8.18/10
Customer Rating	★★★★★

3. 5 Paisa

5 Paisa

5 Paisa allows trading across Equity, F&O and Currency on NSE and BSE at a discount brokerage of Rs. 10 per executed order. 5 Paisa recently announced Zero Account Maintenance Charge with effect from 1st January 2021. Now you need not pay any demat account maintenance charge (AMC).

Customer Ratings
Criteria	Ratings
Research & Advisory	8.0 / 10
Brokerage Charges & Fees	9.8 / 10
Product & Services	9.0 / 10
Trading Platform	8.12 / 10
Broking Experience	8.0/ 10
Overall Rating	8.08/10
Customer Rating	★★★★

4. Samco

Samco

Samco Securities offers impressive online discount brokerage service to investors and traders. Samco offers Samco Trader software for trading from desktop, Samco Mobile Trader for trading from iOS/Android platform.

In terms of brokerage charges, Samco charges 0.02% or Rs. 20 per executed order, whichever is lower.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.24 / 10
Brokerage Charges & Fees	8.25 / 10
Product & Services	8.0 / 10
Trading Platform	8.29 / 10
Broking Experience	9.5/ 10
Overall Rating	8.8/10
Customer Rating	★★★

5. Wisdom Capital

Wisdom Capital

Another new yet rapidly developing discount broker & one of the top brokers in India is Wisdom Capital. Wisdom Capital offers trading services for stocks, futures, options on NSE and BSE. It also supports commodity trading on MCX & NCDEX. It is considered among top stock brokers in India and initially offers three brokerage plans.

Customer Ratings
Criteria	Ratings
Research & Advisory	4.0 / 10
Brokerage Charges & Fees	4.4 / 10
Product & Services	3.8 / 10
Trading Platform	3.39 / 10
Broking Experience	3.97/ 10
Overall Rating	3.8/10
Customer Rating	★★

6. SAS Online

SASOnline

SAS Online delivers one of the most inexpensive brokerages with the charge of just Rs.9 per trade across all the segments. But, if you are a high frequency trader, you can choose to buy lump-sum plans or Rs.499 or Rs.999 per month wherein you can do unlimited number of trades as you would like without being charged any additional fees.

Customer Ratings
Experience	8.94/5
Product & Services	8.91/5
Brokerage Charges &  Fees	9.3/5
Stock Research & Advisory	8.0/5
Trading Platforms	8.2/5
Overall Ratings	8.85/5
Star Ratings	★★★☆☆

7. Trade Smart Online

Trade Smart Online

Trade Smart Online is a leading discount brokerage firm sponsored by VNC Finance & Capital Services Ltd, since 1994.

TSO Brokerage Plans

• Value Trading Plan: Brokerage for Intraday Cash, Futures, Currency, Commodities is 0.007% and delivery is 0.07% For Options Rs. 7 per lot. Suitable for low volume traders.
• Power Trading Plan: Rs.15 per trade irrespective of executed trade. Suitable to traders with less frequency but big volume.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.60 / 10
Brokerage Charges & Fees	9.5 / 10
Product & Services	8.32 / 10
Trading Platform	8.0 / 10
Broking Experience	8.25 / 10
Overall Rating	8.25/10
Customer Rating	★★★★★

8. Prostocks

Prostocks

Prostocks is a rapidly evolving one of the Top 10 discount brokers in India. The platform offers desktop trading tool, a mobile trading application and Prostocks web trading application. Prostocks takes a flat charge of Rs.15 per order. The most selling point of Prostock is its lowest brokerage.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.82 / 10
Brokerage Charges & Fees	9.0 / 10
Product & Services	8.8 / 10
Trading Platform	8.27 / 10
Broking Experience	8.37/ 10
Overall Rating	8.9/10
Customer Rating	★★★★★

9. Trading Bells

Trading Bells

Trading bells is one of the top brokers in India. One can choose to trade across Equity (Delivery, intraday, F&O), currencies and commodities on the platform. The platform features 15-minute account opening if you have an Aadhar card.

Equity Delivery: 0 Brokerage

Equity Intraday or Futures: 0.01% or Rs.20 whichever is lower

Equity Options: Rs.20 Flat

Customer Ratings
Criteria	Ratings
Research & Advisory	8.88 / 10
Brokerage Charges & Fees	8.5 / 10
Product & Services	8.4 / 10
Trading Platform	8.1 / 10
Broking Experience	8.5/ 10
Overall Rating	8.21/10
Customer Rating	★★★★★

10. Finvasia

Finvasia

Setup in 2016, Finvasia offers zero brokerage trading plans across all segments on NSE, BSE and MCX. However, they feature charges for few software usages. There is no demat account opening charges and AMC associated with DP Account.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.0 / 10
Brokerage Charges & Fees	9.0/ 10
Product & Services	8.8 / 10
Trading Platform	8.14 / 10
Broking Experience	8.77/ 10
Overall Rating	8.9/10
Customer Rating	★★★★★

List of Top 10 Full Service Brokers in India

A full-service brokerage firm offers personalized recommendations and services and hence comes with a higher fee. A full-service broker charges 1-2% on the assets managed by them and hence you need to be wise while choosing the best stock broker from full service brokers list.

1. Angel Broking

Angel Broking

Angel Broking is a top-rated full-service brokerage houses & one of the best stock broker in India and has been operating since 1987. It boasts of modern and user-centric trading platforms along with expert advisory service to its customers.

The Angel Group is a official member of the Bombay Stock Exchange, National Stock Exchange and two commodity exchanges- the NCDEX and MCX. It is also registered as a Depository participant with CDSL.

Customer Ratings
Experience	9.0 / 10
Trading Platform	8.6 / 10
Product & Services	8.8 / 10
Brokerage Charges	9.5 / 10
Research	8.5 / 10
Overall Rating	9.61 / 10
Star Rating	★★★★★
Customer Reviews	3486

2. ShareKhan

ShareKhan

Sharekhan is one of the biggest full-service broking houses based out of Mumbai with more than 1.4 million clients. Sharekhan is widely regarded as top 10 stock brokers in India.

It has branches & franchises in over 550 cities across India. They deliver quality brokerage services through their web-based trading website and over 1800 offices. The brand also enjoys international presence in the Oman and UAE countries.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.0 / 10
Brokerage Charges & Fees	8.5/ 10
Product & Services	9.0 / 10
Trading Platform	8.55 / 10
Broking Experience	8.5/ 10
Overall Rating	8.1/10
Customer Rating	★★★★

3. Kotak Securities

Kotak Securities

Kotak Securities is a full-service broker, discovered in 1994. They have a great customer base of 1-1.2 million. Here is the list of other top stock brokers in India. Kotak Securities is a well reputed member of BSE & NSE managing over 5 lakh trades on a regular basis. They are also a depository participant with NDSL and CDSL. Kotak Securities is presently measured as one of the best stock broker in India.

Customer Ratings
Criteria	Ratings
Research & Advisory	9.0 / 10
Brokerage Charges & Fees	8.5/ 10
Product & Services	8.6 / 10
Trading Platform	8.9 / 10
Broking Experience	8.0/ 10
Overall Rating	8.0/10
Customer Rating	★★★★

4. ICICI Direct

ICICI Direct

ICICI Direct is the 2nd largest retail stock broker in India that offers a wide range of investment to the retail and institutional customers. Their website offers a great bunch of investment products such as Mutual Fund & IPO, Online Equity Trading, Fixed Deposit, Bond, Derivatives Trading, NCD, wealth products, Home Loans, etc.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.2 / 10
Brokerage Charges & Fees	8.25/ 10
Product & Services	8.76/ 10
Trading Platform	8.11/ 10
Broking Experience	8.0/ 10
Overall Rating	8.10/10
Customer Rating	★★★★★

5. HDFC Securities

HDFC Securities

HDFC Securities is basically an equity trading business, It also offers online trading through phone.

HDFC Securities provides also boasts of features such as Day trading on both NSE and BSE, Cash-n-Carry on both NSE and BSE, Trade on Futures or Options on NSE and the online IPO Investments.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.2 / 10
Brokerage Charges & Fees	8.30/ 10
Product & Services	8.0 / 10
Trading Platform	8.36 / 10
Broking Experience	8.35/ 10
Overall Rating	8.85/10
Customer Rating	★★★★

6. Motilal Oswal

Motilal Oswal

Motilal Oswal is a financial services firm with a range of products and services such as Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering & Investment Banking.

Customer Ratings
Criteria	Ratings
Research & Advisory	9.0 / 10
Brokerage Charges & Fees	8.50/ 10
Product & Services	8.50 / 10
Trading Platform	9.0 / 10
Broking Experience	8.0/ 10
Overall Rating	9.05/10
Customer Rating	★★★★

7. Edelweiss

Edelweiss

Edelweiss was started in 1995. Since then they have emerged out as a company worth INR 32,000 Crore with more than 6000 employees working in various divisions. They have also acquired some major businesses like Anagram Capital, Forefront & recently JP Morgan AMC (India).

Customer Ratings
Criteria	Ratings
Research & Advisory	8.0 / 10
Brokerage Charges & Fees	8.05/ 10
Product & Services	8.15 / 10
Trading Platform	8.5 / 10
Broking Experience	8.90/ 10
Overall Rating	8.05/10
Customer Rating	★★★★

8. Karvy

Karvy

Karvy is a well-known full-service brokerage firm which is based out of Hyderabad and a part of country's leading business group – Karvy Group.

Measures among the top 5 full-service brokers in the country, the firm has over 70 million customers along with 600+ corporate houses.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.7 / 10
Brokerage Charges & Fees	8.0/ 10
Product & Services	8.5 / 10
Trading Platform	8.5 / 10
Broking Experience	8.0/ 10
Overall Rating	8.5/10
Customer Rating	★★★

9. SBI Cap Securities

SBI Cap Securities

SBI, one of nation's largest most preferred bank, set up a brokerage house with the name of SBI Securities.

SBI, one of the top brokers in India offers an extensive range of products and services for both investors as well as traders. It caters to individuals, corporate/institutions and even NRIs. Even they have set up ha a dedicated help desk for dealing with NRI related queries and concerns.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.0 / 10
Brokerage Charges & Fees	8.0/ 10
Product & Services	9.4 / 10
Trading Platform	9.0 / 10
Broking Experience	8.0/ 10
Overall Rating	8.4/10
Customer Rating	★★★

10. Axis Direct

Axis Direct

Axis Direct is among the few Full services brokers in India with 3-in-1 account. Axis Direct, one of the best broker in India, allow investment in Equities, MF, SIPs, IPOs, Derivatives, Bonds, NCDs, Exchange Traded Funds and Company Fixed Deposits.

Axis Direct boasts of a feature of 3-in-1 account, which includes Axis Bank Savings Account, Axis Securities Trading Account and Axis Direct Demat Account.

Customer Ratings
Criteria	Ratings
Research & Advisory	8.3 / 10
Brokerage Charges & Fees	8.22/ 10
Product & Services	8.25 / 10
Trading Platform	8.53 / 10
Broking Experience	8.32/ 10
Overall Rating	8.3/10
Customer Rating	★★★★

Do remember that:
When it comes to choose the best stock broker, there is no one ideal choice for every investor. It majorly depends on one's personal needs, services and features offered, we details the list of registered best stock brokers in India. If you don't want to pay high brokerage, online discount brokers are the best option. However, if you need advice on stocks and you're a high frequency trader, it is better to consider a full-service broker.

Top 10 Stock Brokers in India with highest active clients

S. No.	10 Top Stock brokers in India with highest Active Clients	No. of   Active Clients	%Share
1	ZERODHA BROKING LIMITED	2398743	14.28%
2	RKSV SECURITIES INDIA PRIVATE LIMITED (Upstox)	1281861	9.66%
3	ANGEL BROKING LIMITED	1125418	6.48%
4	HDFC SECURITIES LTD.	675551	6.03%
5	ICICI SECURITIES LIMITED	629260	5.62%
6	KOTAK SECURITIES LTD.	583482	5.21%
7	SHAREKHAN LTD.	547950	4.89%
8	5PAISA CAPITAL LIMITED	489661	4.37%
9	MOTILAL OSWAL FINANCIAL SERVICES LIMITED	385535	3.44%
10	AXIS SECURITIES LIMITED	271990	2.43%

Factors to consider while choosing Best stock broker in India

To make it easy for you to choose the right stock broker, here are some of the most prominent factors that must be kept in mind while browsing through a wide range of top stock brokers in India operating in the market.

1. Broker's History

Before choosing the Best stock broker in India, it is necessary to carry out a detailed background check on the brokerage firm. Go through client testimonials and reviews, check their history, charges and reputation. Researching every small detail will make sure that you have chosen the best stock broker.

2. Commission Cost

This is another most crucial factor in selecting the top brokers in India. It is necessary to note that the commission of a broker makes an impact on the return you get. It makes a great sense to check out and compare the commission cost of different brokers before opening an account.

3. Trading Platform

To carry out stock trading online, a trading platform or software is facilitated by the Best stock broker in India. It refers to the platform you are using must be user-friendly, stable and fast.  It is highly prudent that you must first get a demo of the platform from the broker to get the much-needed support to operate the software easily.

4. Customer Support

A broker providing an exemplary customer support service definitely has an upper hand over the others and can be considered as the top brokers in India. Customers typically choose brokers, who are rapid to respond to their questions. Hence, make sure that the broker you are choosing as best share broker in India is rapidly available to provide you utmost support.

5. Trading tools and education

One important factor to keep in mind when choosing best brokerage firm in India is educational materials and trading tools provided by the broker. A majority of reputable online brokers generally provide educational materials including videos, article, webinars, e-courses, and seminars at no extra cost.

6. Regulation

Proper regulation helps to ensure that the forex broker is well exploited in the unforeseen event of a trading loss. It also ensures that the broker upholds standard practices as well as keep your money and data safe. It is advisable that you choose the best stock broker in India who has a clean regulatory record.

List of Top Stock Brokers in India – Find Top Brokers in India here

FAQs on Best Stock Broking Companies

Ques- Which is the best stock broker in India offering full service brokerage?

Looking for Best Stock Broker in India? Here is the complete List, Angel Broking is ideally India's best stock broker with excellent rating 9.5 out of 10 by the users. It leaves no stone unturned in easing its customer's trading experience and has a full-fledged arsenal of tools and widgets for assisting them with trade.

Ques- Which firm offers the best discount broking services?

Zerodha with a magnificent rating of 9.6, stands as the best discount broker and one of the top 10 stock brokers in India. The best part about Zerodha is its affordable brokerage charges which don't burn a hole in the trader's pocket. The affordable brokerage increases the broker's revenue and is making stock broking accessible to the common man.

Ques- Which stock broker has the best advisory, research, and stock tips facility?

Answer- India Infoline abbreviated as IIFL is trusted by the traders for dedicated advice, having a rating of 8.9. IIFL, one of the top stock brokers in India has accurately and precisely extracted the perfect information on various stock's performance and their prospects in marketing conditions.

Ques- Which stock broker has the lowest brokerage charges?

Answer- 5 paisa has the lowest brokerage charges amongst all stock broking companies. Brokerage is an essential factor for traders and investors as it decides the magnitude of their profits and final income. People generally don't want to lose their fair share of money and 5 paisa takes care of such needs.

Ques- Which stock broker has  fastest trading platform?

Answer- Zerodha yet again is a clear winner with a rating of 9.4. Along with being fast the stock broker also provides best-in-class features such as stock recommendations, data streaming, and watch lists which ease the trader's experience and simplify things for them.

famous stock brokers in india

Source: https://www.thebeststockbroker.com/