Best stock Brokers in India 2021

Over the long period, the stock market is one of the best places to invest money to grow, but you can’t just buy a stock through your bank account or call the company and ask to purchase shares; you’ll need to find one of the best stockbrokers who buy stocks for you.

But who are the best stockbrokers for trading? This depends on the type of investor you are and the features you need. Our team analyzed the most players to help you find the best stock brokers for trading. Here are our picks.

But First, we understand that who is a stockbroker and why it is so important.

Stockbroker: meaning and Types:-

Who is a Stock Broker png

A stockbroker is a recognized stock exchange member who is permitted to make trades on the screen-based trading system of different stock exchanges (i.e. BSE, NSE). He is enrolled as a member of the concerned exchange and is registered with SEBI.

There are thousands of registered stock brokers in India that offer Demat & trading Accounts to retail clients. But not all are trustworthy and famous.

So here is a list of the top 20 famous stockbrokers in India; they have a good client base, great service and the best brand image.

Zerodha Upstox Angel Broking 5paisa
ICICI Direct Kotak Securities HDFC Securities Sharekhan
Motilal Oswal Groww AxisDirect SBI Securities
IIFL Securities Geojit Edelweiss SMC Global
Religare Reliance Securities Nirmal Bang Alice Blue

But wet not all brokers are the same; they are divided into two categories discount brokers and full-service brokers.

Discount broker: 

discount brokers provide a trading platform to investors but no advisory at lower/cheaper brokerage. This type of broker is suitable for traders; they don’t waste money on brokerage commissions.

The most popular discount brokers include Zerodha, 5paisa, and upstox. Here is a list of the best discount brokers in India.

Rank Broker Active Clients
1 Zerodha 2,923,141
2 Upstox 1,623,515
3 5paisa 793,518
4 Groww 424,845
5 Alice Blue 106,680
6 SAMCO 72,728
7 Master Trust 44,744
8 Paytm Money 39,984
9 TradeSmart 34,705
10 Fyers 29,255

Full-Service Brokers:

Full-service brokers or traditional brokers are the ones who provide advisory and trading facilities in stocks, commodities, and currencies. These brokers charge commission in percentage terms on the total amount of trade clients execute.

Rank Broker Active Clients
1 ICICI Direct 1,289,023
2 Angel Broking 1,221,008
3 HDFC Securities 889,126
4 Kotak Securities 688,217
5 Sharekhan 632,476
6 Motilal Oswal 495,271
7 AxisDirect 415,014
8 IIFL Securities 301,059
9 SBI Securities 268,346
10 Geojit 186,169

List of Best stock Broker in India

 #1. Best stock broker for beginners:

In the beginning, everyone needs help with a market guide and simple trading platform, low pricing, high margin funding, so you need that broker to provide beginner-friendly service at a low cost.

Here are the best stock broker they provide beginner-friendly service

Rank Broker Name Demat AMC Demat Account Opening Charges
1 Zerodha Rs 300 Rs 300
2 Upstox 300 Free
3 Angel Broking Rs 450 Free
4 5paisa Rs 540 Free
5 Groww Rs 0 (Free) Free
6 SAMCO Rs 400 Free
7 TradeSmart Rs 300 Rs 200
8 Paytm Money Rs 0 (Free) Free
9 Fyers Rs 0 (Free) Rs 400
10 Alice Blue Rs 400 Rs 400

 #2. Best Stock Brokers in India with Best Brokerage Charges & Margin Fee

In stock market trading, there is a lot of charge and commission. If you want to increase profits and reduce expenses, you need a stockbroker; they provide the lowest commission on trading.

Here is list stockbroker they provide lower brokerage and margin fee.

Rank Stock Broker Broking charges
1 Zerodha Rs. 20 or 0.03%
2 Upstox Rs. 20 or 0.05%
3 groww Rs. 20 or 0.05%
4 5Paisa Rs. 20
5 Angel Broking Rs. 20 or 0.25%
6 Edelweiss ₹10/ or 0.300%
7 IIFL Rs. 20
8 Sharekhan 0.50% or Rs. 0.10
9 Motilal Oswal 0.1% on bothside
10 HDFC Securities 0.50% or min Rs.25/-

in India, a lot of brokers provided free Demat account if you know them to read this: List Best Free Demat Account In India

 #3.Best Stock Broker in India with Best Trading Platforms

As a new investor, the best trading platform for beginners offers three essential benefits:

  1. The trading platform is easy to use.
  2. The platform provides a variety of educational materials to encourage learning.
  3. The best platform gives access to quality market research.

For our review, we tested and scored different trading platforms. We were focusing on beginners.

Here is a list of stockbroker they offer Best Trading Platforms

Rank Stock Broker Trading Platform Ratings
1 Zerodha
2 Upstox
3 IIFL / India Infoline
4 Angel Broking
5 Sharekhan
6 Edelweiss
7 5Paisa
8 groww
9 Motilal Oswal
10 ICICI Direct

 #4.list of a stockbroker with best Products & Services

As a beginner, it essential to check how is brokers Products & Services. All full-service brokers provide many products & services to their clients, helping them manage their investments.

All major Discount Brokers don’t offer any services. This is a reason why they charge very low brokerage from their clients

Here are some stockbroker there Products & Services best in the market.

Rank Stock Brokers Services Rating
1 Zerodha 9.5 / 10
2 Angel Broking 9.0 / 10
3 IIFL / India Infoline 8.8 / 10
4 Motilal Oswal 8.7 / 10
5 ICICI Direct 8.5 / 10
6 Sharekhan 8.5 / 10
7 HDFC Securities 8.3 / 10
8 Edelweiss 8.3 / 10
9 Upstox 8 / 10
10 5Paisa 8 / 10

 #5.Best Stock Broker with high-quality Research and Advisory 

Most of the time, the new investor did not know how and which stock or asset to invest money. At that time, Research and Advisory help a lot.

A stockbroker has its high-quality and expert team to predict the market for its clients.

Let’s have a look at some of the brokers with the best Research and Advisory service:

Rank Stock Brokers Advisory Rating
1 IIFL / India Infoline 9.14 / 10
2 ICICI Direct 8.88 / 10
3 Motilal Oswal 8.74 / 10
4 HDFC Securities 8.60 / 10
5 Sharekhan 8.50 / 10
6 Edelweiss 8.48 / 10
7 Axis Direct 8.44 / 10
8 Kotak Securities 8.44 / 10
9 Axis Direct 8.42 / 10
10 Geojit Finance 8.38 / 10

Best Stock Brokers FAQs

  • Which is the best stock broker for beginner in India?

    Based on our research, the best stock broker for beginners is IIFL Securities. because IIFL offers the largest and most diverse selection of educational content. also, low brokerage and free Demat account are included

  •  Which is the Best discount broker in India?

    Zerodha and Upstox is the best discount broker in all of India. They don’t charge too much brokerage commission. Also, they offer free delivery trading, 

  • Which is the best stock broker for research, advisory, and stock tips?

    IIFL (India Infoline) is the best stock broker in this category. They predict the market well, and their success rate is reasonable compared to others.

  • Which stockbroker has the lowest brokerage fees?

    5paisa is one of the finest stockbroking and financial services providers committed to offering a lot more than just the lowest brokerage trading plans, advisory, and portfolio management.

  • Which stockbroker provides the fastest trading platform or app?

    With a 4.5 rating on the play store, Upstox provides the fastest trading platform. It provides enormous features like real-time data streaming, Advanced charting tools with 100+ technical indicators.

  • What are the top 5 stock brokers in India?

    Zerodha, Upstox, ICICI Direct, IIFL, and Angel Broking are the top 5 stock brokers in India.

  • Which is the best full service broker in India?

    ICICI Direct is the leading full-service broker in India, with over 10 lakh customers.

  • Which is the best stock broker in India?

    Zerodha offer ₹0 delivery trades, fantastic trading platforms, excellent support, industry-leading education for beginners, and reliable customer service. This outstanding all-around experience makes Zerodha the best stock broker in India in 2021

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