5 Best Stock Brokers in India- Comparison of best Brokers in India

What is a Stock Broker?

A Stock broker is an Agent or firm that charges commission/ Brokerage fees for executing buy and sell orders on behalf of a client. A stockbroker may also be referred to as a “Financial Advisor”. However, most investors and traders use online discount brokers these days. As Brokerage charges of these Discount brokers are generally small. stockbrokers can be classified into 2 categories. 1 full-service broker and 2. Discount broker

In this article, we will compare 5 of the most popular Discount Stock Brokers in India on different factors, So as to figure out which Stock Broker will provide the best services. Every trader and Investor requires different kinds of services from a Stockbroker. Hence we will compare these Stock Brokers on the most important and required features that are essential for trading. In order to Pick the best Stock Broker, you will have to set your priorities straight.

List of top 5 Stock Brokers in India.

This list is based upon the number of active users on these Platforms.

  1. Zerodha: Zerodha is arguably the most famous online discount broker in india. Zerodha has more than 7.5 million clients and It single handedly contributes to over 15% of all retail orders in the Indian market. Zerodha is Right up on the top in the competiton with low brokerage charges on almost every segment. this platform allows the traders to trade in, Futures and Options, Commodity derivatives, Currency derivatives, Stocks & IPOs, Direct mutual funds ,Bonds, and Govt. Securities
  2. Upstox : Upstox is the fasting growing platfrom in the Indian market today. It provides easy interface and Easy Acess to various segements like Stock, IPOs, Mutual funds, and Future and options. Technical analysts preffer upstox due to its fast performance and easy to use interface
  3. Angleone: Angleone have rebranded their name recently, It is one of the most peopular platform amon traders, it was formarly know by the name Angle broking. Angle one has been in the bussines for a long time, and currently has a client base of more that 6 million. It is another platfrom that provides low broking charges and quality user interface.
  4. ICICIdirect : ICICIdirect is one of the largest retail broker and financial product distributor in the country. Trusted by over 5 million customers with over 2 decades of service having 170+ branches across India. ICICIdirect offers more than 50 products and services like Equity, Mutual Funds, Derivatives, Futures and Options , Commodity, Insurance, IPOs etc.
  5. Groww : Groww has the biggest customer base amongst the stockbrokers listed here. It is truste by over 20 million users. Grow provides various products and services like Stocks, Mutual funds, IPOs, and F&O. Apart from these Groww also provides a trustable palatorm for traaders and investors to trade in US market.

Comparison of Stock Brokers

Demat Services ZerodhaUpstoxAngeloneICICdirectGroww
Depository SourceCDSLCDSLCDSLNSDL & CDSLNSDL & CDSL
Account Opening ChargesRs.200Rs 0 (Free)ZeroZeroZero
Demat AMC ChargesRs.300 per AnnumRs 249Rs 450Rs 300 (from 2nd year)Free
Trading AMC ChargesFreeFreeFreeFreeFree
Margin Money75% Margin75% Margin75% Margin75% Margin75% Margin

Brokerage and Fees

Brokerage Charge & FeesZerodhaUpstoxAngeloneICICdirectGroww
Equity DeliveryRs 0 (Free)Rs 20 per executed order or 2.5%
whichever is low
Rs 0 (Free)
0.55%
0.01
Equity Intraday Rs 20 per executed order or .03%
whichever is lower
Rs 20 per executed order or 0.05%
whichever is lower
Rs 20 per executed order
0.275%
2.025%
Equity FuturesRs 20 per executed order or .03%
whichever is lower
Rs 20 per executed order or 0.05%
whichever is lower

Rs 20 per executed order
0.05%0.01 %
Equity Options Rs 20 per executed orderRs 20 per executed order
Rs 20 per executed order
Rs 95 per lot0.05%
Currency FuturesRs 20 per executed order or .03%
whichever is lower
Rs 20 per executed order or 0.05%
whichever is lower
Rs 20 per executed order
Rs 20 per order
NA
Currency OptionsRs 20 per executed order or .03%
whichever is lower
Rs 20 per executed orderRs 20 per executed orderRs 20 per orderNA
Commodity FuturesRs 20 per executed order or .03%
whichever is lower
Rs 20 per executed order or 0.05% whichever is lower
Rs 20 per executed order

Rs 20 per order
Na
Commodity OptionsRs 20 per executed order or .03%
whichever is lowe
Rs 20 per executed orderRs 20 per executed orderRs 20 per orderNA
Minimum Brokerage0.03% in Intraday and F&O
0.05%
Equity Rs 20 | F&O Rs 30Rs 35 per trade (I-Secure Plan)0.05%
Call & Trade ChargesRs 50 per executed orderRs 20 per tradeAdditional Rs 20 per executed orderRs 50 per tradeRs 20 per trade

 

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