Top 15 Stock Brokers in India – 2025 Guide
Here's a list of the best stock brokers in India based on ease of use, brokerage charges, mobile platforms, and customer support. Ideal for beginners and pro traders alike.
1. Zerodha
India’s largest discount broker with the sleek Kite platform.
- Brokerage: ₹0 (delivery), ₹20 max (intraday/F&O)
- Open Zerodha Account
2. Upstox
Ratan Tata-backed platform with intuitive mobile UX.
- Brokerage: ₹20/trade (flat)
- Open Upstox Account
3. Angel One
Great for full-service trading with research tools.
- Brokerage: ₹0 delivery, ₹20 other segments
- Open Angel One Account
4. Groww
Best suited for mutual fund users moving into equities.
- Brokerage: ₹0 (delivery), ₹20 (others)
- Open Groww Account
5. ICICI Direct
Integrated with ICICI Bank. Ideal for HNIs & investors.
- Brokerage: % or flat ₹20 (NEO Plan)
- Open ICICI Account
6. Motilal Oswal
Known for solid research & advisory services.
- Brokerage: % based or custom plans
- Open Motilal Oswal Account
7. 5Paisa
Affordable and beginner-friendly app with low-cost trading.
- Brokerage: ₹20/trade (flat)
- Open 5Paisa Account
8. Paytm Money
Best for Paytm users with integrated KYC & tracking.
- Brokerage: ₹0 (delivery), ₹10/intraday
- Open Paytm Money Account
9. Fyers
Strong platform for active traders and chart lovers.
- Brokerage: ₹20 or 0.03%/order
- Open Fyers Account
10. HDFC Securities
Premium brokerage, best for HDFC Bank users with 3-in-1 account.
- Brokerage: % based or custom plans
- Open HDFC Sec Account
11. ICICI Direct
Top full-service broker with strong research and ICICI Bank integration via 3-in-1 account.
- Brokerage: 0.55% (Delivery), ₹20 Intraday (iSelect plan)
- Open ICICI Direct Account
12. Dhan
Modern trading platform with fast execution and advanced tools.
- Brokerage: ₹0 delivery, ₹20 Intraday & F&O
- Open Dhan Account
13. IIFL Securities
Full-service broker offering robust research tools and a user-friendly platform.
- Brokerage: 0.25% (Delivery), 0.025% (Intraday), ₹25 per lot (Options)
- Open IIFL Securities Account
11. SBI Securities
Full-service broker backed by State Bank of India, offering integrated 3-in-1 accounts and robust research tools.
- Brokerage: 0.50% (Delivery), 0.05% (Intraday), ₹50–₹100 per Options lot
- Open SBI Securities Account
14. Sharekhan
Established full-service broker offering comprehensive research and advanced trading platforms like TradeTiger.
- Brokerage: 0.30% (Delivery), 0.02% (Intraday), ₹39 per Options lot
- Open Sharekhan Account
15. Kotak Securities
Full-service broker offering advanced trading platforms and comprehensive research tools.
- Brokerage: ₹0 (Intraday), 0.25% or ₹20 (Delivery)
- Open Kotak Securities Account
Brokerage Comparison Table
| Broker | Active Clients | Brokerage Charges | Opening Charges | AMC | Notable Features |
|---|---|---|---|---|---|
| Zerodha | 6.5M+ | ₹0 (Delivery), ₹20 Intraday/F&O | ₹0 | ₹300/year | Kite platform, low-cost |
| Upstox | 5M+ | ₹20/order | ₹0 | ₹0 | Fast app, backed by Ratan Tata |
| Angel One | 27.5M | ₹0 Delivery, ₹20 Intraday/F&O | ₹0 | ₹0 | Full-service, advisory tools |
| Fyers | 238,340+ | ₹20/order or 0.03% (whichever is lower) | ₹0 | ₹0 (Free for lifetime) | Advanced charting tools, low-cost trading |
| Groww | 91 Lakh+ | ₹20/order or 0.05% (whichever is lower) | ₹0 | ₹0 | Free account opening, no AMC, user-friendly platform |
| Motilal Oswal | 10 Lakh+ | 0.20% (Delivery), 0.02% (Intraday) | ₹0 | ₹0 (1st Year), ₹199/year thereafter | Strong research & advisory services, RISE trading app |
| 5paisa | 20 Lakh+ | ₹20/order | ₹0 | ₹0 (Basic), ₹299–₹999/year (packs) | Flat fee plans, research tools, mutual funds & insurance |
| ICICI Direct | 19.3 Lakh+ | 0.55% (Delivery), ₹20/order (Intraday) | ₹0 | ₹700/year | 3-in-1 account with ICICI Bank, extensive research reports |
| HDFC Securities | 15.2 Lakh+ | 0.10% (Delivery), ₹20/order (Intraday) | ₹999 (Trading), ₹0 (Demat) | ₹750/year (Demat) | 3-in-1 account with HDFC Bank, extensive research reports |
| Dhan | 9.67 Lakh+ | ₹0 (Delivery), ₹20 or 0.03% (Intraday/F&O) | ₹0 | ₹0 | Zero brokerage on delivery, advanced trading tools, seamless app experience |
| IIFL Securities | 4.49 Lakh+ | 0.25% (Delivery), 0.05% (Intraday) | ₹0 (Demat), ₹750 (Trading) | ₹400/year (Demat) | Full-service broker with extensive research reports and advisory services |
| SBI Securities | 9.86 Lakh+ | 0.50% (Delivery), 0.075% (Intraday) | ₹850 | ₹750/year (1st year free) | 3-in-1 account with SBI Bank, full-service broker with research support |
| Sharekhan | 6.7 Lakh+ | 0.50% (Delivery), 0.05% (Intraday) | ₹0 | ₹400/year (Free for 1st year) | Robust advisory, TradeTiger platform, extensive learning modules |
| Kotak Securities | 1.2M+ | 0.25% (Delivery), Free (Intraday) | ₹0 | ₹600/year | Full-service broker, robust research tools, integrated banking services |