Paytm Money is a top broker with the lowest charges because it doesn't charge anything for buying and holding stocks, making it affordable for investors.
Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.
User-friendly apps, educational resources, expert portfolio management services, and personal guidance make Aditya Birla Capital an excellent choice for beginners.
Paytm Money is a relatively new entrant in the broking space, offering a simplified and user-friendly trading platform that caters to beginners and tech-savvy investors. Its zero brokerage for equity delivery and direct mutual funds, along with flat brokerage for intraday and F&O trades, makes it an attractive option for cost-conscious investors.
“I have been a happy user and investor for more than a year now. Possibly the best UI and app available for mutual fund investments. There are only Direct plans which benefit the public. Everything is so easily set up that it feels like you are purchasing regular goods at an e-commerce website.”
Zerodha is a top discount broker that had a stellar financial run, scoring ₹2,094 crore in profits from a ₹4,964 crore revenue in FY22. Known for its unique pricing and cool in-house tech, it's now India's top stockbroker. It caters to both beginners and experienced traders, offering a seamless trading experience and empowering them to make informed investment decisions.
Zerodha has an overall rating of 4.5 based on 341 customer reviews and positive reviews like -
Aditya Birla Capital is a trusted full-service broker with a strong track record of innovation. Its easy-to-use platform and excellent customer support make it a good choice for beginners. At the same time, the trading platform and wide range of investment options benefit experienced investors.
“Aditya Birla Capital is a great all-around broker that is well-suited for both beginners and experienced investors.”
Upstox is a rising player in the discount broking market, loved for its simple and affordable approach, including zero brokerage on equity delivery and affordable intraday trading. With over 10 million users, it's outpacing rivals at a valuation of $3.5 billion. Comprehensive research reports, giving traders valuable insights for smart investment decisions and lots of useful tools, make it perfect for both newbies and experienced traders.
ICICIdirect is a full-time stockbroker that offers a range of services apart from trading and investing in the stock market. ICICIdirect’s 3-in-1 account integrates your banking, broking, and demat accounts, making it a convenient option for investors and traders. ICICIdirect’s NEO brokerage plan is another noteworthy feature, which charges a flat brokerage fee of Rs. 20 per order for intraday, future and options (F&O), commodities, and currencies.
Users applaud ICICIdirect for its user-friendly interface, diverse mobile apps, trading platforms, and low brokerage fees.
HDFC Securities, a leading full-service broker, caters to both experienced traders and investors. Its comprehensive platform supports a diverse range of investment activities, backed by an expert research team that provides in-depth market analysis and recommendations, making it a standout choice among the top 20 share brokers in India.
People praised HDFC Securities for their services, easy-to-use interface and prompt customer support.
Kotak Securities is a promising full-service equity broker in India. It offers diverse trading platforms such as Keat Pro X, a Mobile App and a Website, research tools and educational content for informed decision-making. It caters to a diverse clientele, from beginners to experienced investors, offering a personalised approach to investment management.
“Very smooth UI. Really loved the app a lot. The brokerage-free plan is amazing.”
Motilal Oswal, a seasoned full-service broker, excels in personalised services, investor education, and profitable stock recommendations. With over 30 years of experience, it stands out as a leading choice for investors, recognised six times as the 'Best Performing National Financial Advisor - Equity Broker.'
“Motilal Oswal Demat and trading accounts are best for traders or investors looking for research advisory and handholding.”
Groww offers one of the lowest brokerage charges in India, with a flat fee of ₹20 per trade, making it a top choice for investors seeking to save money on trading costs. Its advanced charting tools, algorithms and automation really come in handy to make informed trading decisions.
SBI Securities is a subsidiary of the State Bank of India, offering a comprehensive range of investment products and services to a diverse clientele. It is basically a full-service broker company that provides services through both National and Central Depositary Services Limited. It is also one of the most reliable demat account providers in India.
“In Sbi the user interface is average, the service is good. Almost all the required facilities are available.”
Sharekhan, a full-service broker with almost 7,64,000 active clients, offers services through its website and 1800 offices across 550+ Indian cities. Ideal for traders needing diverse services like stock trading, research, and advisory.
“It has been one of the most trusted stock trading companies in India for over 2 decades now; best for beginners as it offers in-person onboarding, training, local support and a relationship manager.”
5paisa is a leading discount broker known for its user-friendly trading platform, zero brokerage for equity delivery and direct mutual funds, and flat brokerage for intraday and F&O trades. It offers tools for both traders and investors. At the same time, the lower brokerage charges for high volume make it a top equity broker in India, specifically for traders who trade in high volumes.
“It is a very simple and systematic app which can be used for buying and selling shares in the stock market. I loved it.”
IIFL Securities is a full-service share broker with over 4,23,474 active clients. It provides online trading and research-based advice on stocks, derivatives, commodities, and more. Whether you're a high-volume trader or a newcomer needing solid online training, look no further than IIFL Securities.
“IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you from the offline hurdles.”
Angle One is another promising discount broker, offering zero brokerage for equity delivery and direct mutual funds. With flat charges for intraday and F&O trades, it pairs competitive pricing with thorough research and advisory services, making it a go-to for traders, whether newbies or seasoned investors.
AxisDirect is a full-service broker known for its user-friendly trading platform, comprehensive research and advisory services, and wide range of investment products. It caters to a diverse clientele, from beginners to experienced investors, offering a seamless trading experience and tailored investment solutions.
"I've been very impressed with AxisDirect's low brokerage charges and wide range of investment options.”
Geojit is a good option for beginners who are just starting to invest or who are looking for a low-cost option with a wide range of investment products. They offer a variety of stocks, mutual funds, ETFs, and options at the lowest brokerage charges in India.
"Geojit is a reliable and trustworthy stockbroker with a long history of innovation.”
Fyers is one of the most feature-rich discount broker trading platforms. It has everything you need to make informed trading decisions, from advanced charting tools to technical indicators and fundamental analysis tools, making it one of the top stock market intermediaries.
"Fyers' brokerage charges are a bit higher than some of the other online brokers in India. However, I feel that the quality of their platform and customer support justifies the higher fees."
Choice Broking is a full-service broker known for its personalised service approach, extensive research and advisory services, and wide range of investment products. It has a diverse clientele, from beginners to experienced investors, offering tailored investment solutions and a seamless trading experience.
“I'm a professional trader and I've been using Choice Broking for over five years now. Their platform is one of the best in the market, and their customer support is always available to help.”
SMC Global is a full-service broker known for focusing on research and giving advice on investments. It mainly helps experienced investors looking for advanced trading solutions. They offer a wide range of investment products and provide personal guidance through experienced relationship managers.
“SMC Global is my go-to broker for all my investment needs. Their platform is user-friendly and always up-to-date. I'm always confident in my investment decisions when I use SMC Global.”
Alice Blue is one of the best Demat account providers and a promising discount broker recognised for its user-friendly trading platform, zero brokerage for equity delivery and direct mutual funds, and flat brokerage for intraday and F&O trades. It primarily caters to cost-conscious investors and beginners seeking a simplified trading experience.
“Alice Blue has made the transition so easy. Their platform is simple to use, and their customer support is excellent. I'm so glad I made the switch!”
Stock or share broker company simplifies the complex process of buying and selling stocks in the financial market. They offer access to the stock market, execute trades efficiently, and provide research tools. Brokers also assist with managing portfolios and ensuring diversified investments. Their expertise and guidance help traders make informed investment decisions and maximise profit.
The charges include brokerage fees for trades and other fees like account opening and maintenance charges, varying between brokers.
Full-service brokers offer comprehensive services with higher fees, while discount brokers provide basic services at lower costs.
Yes, you can have multiple accounts with different brokers, allowing flexibility and diversification in your investment strategy.
In this article, we've compiled a list of the top 20 rapidly growing share brokers in India, considering recent market trends and their performance.
The top stock trading companies or brokerage firms generally implement robust security measures, including encryption and two-factor authentication, to safeguard accounts and sensitive information from unauthorised access.
Consider factors like brokerage charges, customer service, and trading platforms. Choose the best one according to your preferences, trading style, and investment goals.
Yes, some Indian share brokers, like Groww, Zerodha, Upstox, etc, provide access to international markets, allowing investors to diversify their portfolios beyond the domestic market.
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