Comparison and Reviews of Best Stock Brokers in India

Through this website, I am trying to bring out the top stock brokers in India. I have accounts with most of these best stock brokers of India and hence I will be writing detailed review of each one of them in coming days.

Initially, I wanted to make a combined list of top 10 stock broker of India, later I decided to split them into two categories namely,

  1. Discount Stock Brokers
    • Discount brokers are known for charging lower fee than the full service brokers and provide trading facility at bare minimum cost.
    • The brokerage is fixed per trade irrespective of trade/investment amount
  2. Full Service Stock brokers
    • Full Service brokers offer multiple products apart from buying and selling of shares
    • They charge brokerage in percentage basis hence it is very high compared to discount brokers

I am sure, you will agree that it is extremely difficult to rank these brokers because of the cut throat competition among them.

However, I have used below parameters to rank them.

  • Customer Service
  • Trading Platforms
  • Brokerage and Margin provided
  • Research, advisory and reports
  • Experience and reputation

Major Indian Discount Brokers

Below is the list of top 10 discount brokers in India, select the broker which suits best for you. Keep in mind account with most of the below brokers can be opened online without visiting their offices.

Sl NoBrokerNameAccount
BrokerageOpen Account
1ZerodhaRs 300Zero for Delivery
Rs 20 for other segment
2UpstoxRs 300Zero for Delivery
Rs 20 for other segment
3TradejiniRs 395No Brokerage for First Month
Rs20 for all Segments
4SAS OnlineRs 400Rs 9 For all Segments
Rs 999 per month for unlimited trading
5TradeSmartOnlineRs 400Rs 15 for all segments
6TradePlusOnlineRs 499Rs 99/month for unlimited trading
(Delivery, Intraday & Options)
Rs 799/month for Futures
75PaisaRs 250Rs 10 For all Segments
8FyersZeroRs 20 For all Segments
9My Value TradeRs 555Rs 10 For all Segments
10RK GlobalRs 50Rs 9 For all Segments
Rs 999 per month for unlimited trading



Major Indian Full Service Brokers

Below table lists some of the reputed full service brokers of India.Some of them are in market for more than three decades. However their brokerage is percentage based and hence high for higher investments.

Sl NoBrokerNameOpeningBrokerageOpen Account
1Angel BrokingZeroDelivery : 0.3%
Intraday: 0.03%
2ICICI DirectRs 975Delivery : 0.55%
Intraday: 0.05%
3Kotak SecuritiesRs 750Delivery : 0.3%
Intraday: 0.03%
4SharekhanRs 750Delivery : 0.5%
Intraday: 0.05%
5Motilal OswalRs 550Delivery : 0.5%
Intraday: 0.05%

List of My Other Posts:

Major Discount Brokers of India :

Top 10 Discount Brokers in India, Zerodha, Upstox

Major Full Service Brokers of India:

Angel Broking