India has seen a large rise in the number of people looking to park their savings in the stock market hoping to grow their wealth through equity investments. With the increase in demand, more and more stock brokers are emerging in the country. In a world with so many choices, which stock broker do you choose? So in this blog post, We will inform you about Top Stock Brokers in India and their significant features.
Lets know, what is a stock broker.
Before we move on to the list, let us quickly take you through what a stock broker does. A stock broker is a business professional that provides multiple services to investors of all levels, ensuring an optimal return. A stockbroker performs the buy and sell orders for stocks and other securities on its clients. Besides just executing trades, stock brokers also provide many other services such as researching and analysis to give investment advice that helps their clients make more educated decisions.
Best Stock Brokers in India
1. Zerodha
- Pioneer: Zerodha — like it or not, you just have to give this to them, as they brought retail discount brokerage in India.
- They have a wide existing customer base, probably because of pioneer factor.
- They do have a charting and execution platform that rivals the best out there. (For a discount brokerage).
- They Invested in Trader Education.
- Zerodha focused more on client financial security.
- Introduced GTT(Good-Till-Triggered) order free of cost.
2. Groww
- Competitive Pricing: Zero brokerage on equity delivery, direct mutual funds via Groww, and flat Rs.10/trade for F&O.
- No cost account opening: Free Demat and trading account with no annual maintenance charges.
- International investing: Access to US stocks for commission-free trading.
- Digital gold: Buy & sell gold from just ₹1 across a range of purities from 99.9% • Low ticket size, high liquidity.
- Now you have fixed deposits (multiple partner banks offering good interest rates).
- E-books, blogs, and stock analysis tools for educated decision-making.
- Easy-to-use platforms: Top-rated, web-based and mobile trading platforms.
In one line: Groww is offering intuitive, simple to use trading platform and provides a wide range of investment options and learning tools at a very cost-effective price.
3. Upstox
- Zero account opening charges.
- Offer trading platforms featuring the latest in technology.
- Quick Independent Payment Terms: Independent payment terms that include local bank transfer, Google Pay cheque and more.
- No monthly maintenance charges and transparent flat pricing at ₹20 per order on stocks
- Company backed by the Tata group.
It has lightening fast trading platforms with advanced features. It also frees delivery and charges a few rupees as brokerage for other trading types like intraday, F&O, currencies & commodities orders. For much of the trading in cash delivery, they provide no leverage or curb high with maximum of weekends. Tool: Pro Web, Pro Mobile & Upstox Mutual Funds and Bridge for AmiBroker available attributes benefits traders and investors.
4. Angel One
- Ultra-low brokerage fees for full-service brokerage services.
- Flat fee stockbroker: It is Per order Rs 20.
- Beginners have access to training and handholding.
- Collateral: The nature of the collateral is Margin trading facility and securities.
- No fees or charges are levied for NEFT/ fund transfers (Others charge \~Rs 10 per).
- Intraday square-off and call & trade only at Rs 20 (RS 50 by others).
- Tips/advisory are free for stocks and mutual funds (not by others).
- Local BF RM services even at discount brokerage.
- Hands down, the best part is the ability to actually call the RM in case of any issues (Other well-known brokers almost always have their lines busy).
5. 5paisa
- It has simple regular plan of Rs 20 Flat brokerage for all trading verticals.
- The expert Pack of 5Paisa Super Saver Pack provides you Zero brokerage on equity delivery and the lowest brokerage of Rs 10 per order for all trade segments.
- No brokerage on any trading segments with 5Paisa YoungVestor account for 18-23 years generations.
- Unique Discount Broker providing tips and researched analysis for 4000+ stocks.
- Customer review 4.3 becoming to praise.
- Instant order execution.
- Variety of investment options – Investment in MFs, IPO, ETF, Stock SIP, US Stocks, Shares and Derivatives (F&O).
- Tools and products for advanced trading : charting, indicators, drawing tools, direct trade from chart, customization dashboard, quick order window, multiple option strategies.
- Top notch customer service.