10 Best Online Brokers for Stock Trading in India of June2022

10 Best Online Brokers for Stock Trading in India of June : Due to impressive returns, multiple investment options and easy liquidity, people have been rushing towards stock market and searching top 10 stock brokers in India for investments. Stock investment is a technical process, hence requires you to connect with the best stock broker in India. Stock trading can be risky, so it needs trading support. This is where Top 10 Stock Brokers in India come into play.

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The Best Stock broker are largely referred as agents who are skilled and certified to invest in securities market. They typically act as agents for buyers and sellers of stocks and charge a fee against the delivery of their services. It is necessary to keep in mind that the Best stock broker in India does not own the securities, They just offer their services to the investors at Lowest brokerage charges.

Top 10 Stock Brokers in India – Review of Best Stock broker in India 2022

RankBroking HouseOverall RatingChargesBest FeaturesTop offers
1Kotak Securities9.85 / 10Rs 15/OrderBest offers Free Equity Delivery, Single Margin, Robust Trading AppOpen Free Demat
2INVEZT9.85 / 10Rs 1/OrderFree account opening, Free AMC, Free API and ZERO brokerageOpen Account
3ICICI Direct9.83 / 100.05 paiseOpen Free Trading Account ,Zero Brokerage ChargesOpen Free Account
4Zerodha9.82 / 10FreeBest stock broker , 45 Lakh customers ,Best trading platformOpen Account
5Upstox 9.53 / 10FreeEquity MF free Free demat customer friendlyOpen Free Account
6Angel One9.50 / 10FreeLow brokerage, Customer service, Best trading appOpen Free Account
75Paisa9.30 / 10Rs 20/ tradeBest customer service, fastest trading platformOpen Account 
8Groww8.70 / 10Rs.20/orderBest mutual fund platform , fastest growing brokerOpen Account 
9Edelweiss8.25 / 10Rs.10/orderRs 10 per order , advisory free , quick account openingOpen Free Account
10HDFC Securities8.05 / 100.04 paiseQuick support , instant demat accountOpen Account

There are primarily two types of stock brokers in India – Discount Brokers and Full-Service or Traditional Brokers.

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List of Top 10 Discount Brokers in India

Top 10 Discount Brokers in India are known to offer better investing tools than others, and they provide low brokerages fee. With discount brokers, you can either perform a trade on web through a computerized trading system or call in your order with a broker over the phone.

  1. Zerodha Broking Limited
Zerodha Broking LimitedZerodha broking limitedOpen Account

Zerodha is largely known for introducing the concept of discount broking in 2010. Backed by latest technology, great trading tools and three-way trading platform also considered as best trading platform in India, it is the largest discount broker and best broker for trading in India.

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Zerodha is considered as one of the top 10 stock brokers in India because they offer some great features like low brokerage, great exposure and 100% web-based broker. Zerodha is principally known as the best discount broker and 3rd largest stock broker in India.

Customer Ratings
CriteriaRatings
Research & Advisory9.0 / 10
Brokerage Charges & Fees9.5 / 10
Product & Services9.55 / 10
Trading Platform9.20 / 10
Broking Experience9.7/ 10
Overall Rating9.24/10
Customer Rating★★★★★
  1. Upstox (RKSV)
Upstox (RKSV)Best stock Broker - Upstox Open Account

Another big name in the field of discount broking is Upstox, You can find the list of top brokers in India here. The Best share broker in India offers cutting-edge tools to free trade option and value-centric education also.

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Upstox is best broker for trading. There is free brokerage on equity delivery trading and trading in Equity, F&O & Equity Intra Day. An investor can trade on Commodities and Currency Derivates at just Rs. 20 per order.

Customer Ratings
CriteriaRatings
Research & Advisory9.0 / 10
Brokerage Charges & Fees9.5 / 10
Product & Services9.5 / 10
Trading Platform9.0 / 10
Broking Experience9.7/ 10
Overall Rating8.18/10
Customer Rating★★★★★
  1. 5 Paisa
5 PaisaBest stock Broker - 5paisaOpen Account

5 Paisa allows trading across Equity, F&O and Currency on NSE and BSE at a discount brokerage of Rs. 10 per executed order. 5 Paisa recently announced Zero Account Maintenance Charge with effect from 1st January 2021. Now you need not pay any demat account maintenance charge (AMC).

Customer Ratings
CriteriaRatings
Research & Advisory8.0 / 10
Brokerage Charges & Fees9.8 / 10
Product & Services9.0 / 10
Trading Platform8.12 / 10
Broking Experience8.0/ 10
Overall Rating8.08/10
Customer Rating★★★★
  1. Samco
SamcoBest stock Broker - samcoOpen Account

Samco Securities offers impressive online discount brokerage service to investors and traders. Samco offers Samco Trader software for trading from desktop, Samco Mobile Trader for trading from iOS/Android platform.

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In terms of brokerage charges, Samco charges 0.02% or Rs. 20 per executed order, whichever is lower.

Customer Ratings
CriteriaRatings
Research & Advisory8.24 / 10
Brokerage Charges & Fees8.25 / 10
Product & Services8.0 / 10
Trading Platform8.29 / 10
Broking Experience9.5/ 10
Overall Rating8.8/10
Customer Rating★★★
  1. Wisdom Capital
Wisdom CapitalBest stock Broker - wisdom capitalOpen Account

Another new yet rapidly developing discount broker & one of the top brokers in India is Wisdom Capital. Wisdom Capital offers trading services for stocks, futures, options on NSE and BSE. It also supports commodity trading on MCX & NCDEX. It is considered among top stock brokers in India and initially offers three brokerage plans.

Customer Ratings
CriteriaRatings
Research & Advisory4.0 / 10
Brokerage Charges & Fees4.4 / 10
Product & Services3.8 / 10
Trading Platform3.39 / 10
Broking Experience3.97/ 10
Overall Rating3.8/10
Customer Rating★★
  1. SAS Online
SASOnlineBest stock Broker - sas onlineOpen Account

SAS Online delivers one of the most inexpensive brokerages with the charge of just Rs.9 per trade across all the segments. But, if you are a high frequency trader, you can choose to buy lump-sum plans or Rs.499 or Rs.999 per month wherein you can do unlimited number of trades as you would like without being charged any additional fees.

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Customer Ratings
Experience8.94/5
Product & Services8.91/5
Brokerage Charges &  Fees9.3/5
Stock Research & Advisory8.0/5
Trading Platforms8.2/5
Overall Ratings8.85/5
Star Ratings★★★☆☆
  1. Trade Smart Online
Trade Smart OnlineThe Best stock Broker - tradesmartonlineOpen Account

Trade Smart Online is a leading discount brokerage firm sponsored by VNC Finance & Capital Services Ltd, since 1994.

TSO Brokerage Plans

  • Value Trading Plan: Brokerage for Intraday Cash, Futures, Currency, Commodities is 0.007% and delivery is 0.07% For Options Rs. 7 per lot. Suitable for low volume traders.
  • Power Trading Plan: Rs.15 per trade irrespective of executed trade. Suitable to traders with less frequency but big volume.
Customer Ratings
CriteriaRatings
Research & Advisory8.60 / 10
Brokerage Charges & Fees9.5 / 10
Product & Services8.32 / 10
Trading Platform8.0 / 10
Broking Experience8.25 / 10
Overall Rating8.25/10
Customer Rating★★★★★
  1. Prostocks
ProstocksThe Best stock Broker - prostockOpen Account

Prostocks is a rapidly evolving one of the Top 10 discount brokers in India. The platform offers desktop trading tool, a mobile trading application and Prostocks web trading application. Prostocks takes a flat charge of Rs.15 per order. The most selling point of Prostock is its lowest brokerage.

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Customer Ratings
CriteriaRatings
Research & Advisory8.82 / 10
Brokerage Charges & Fees9.0 / 10
Product & Services8.8 / 10
Trading Platform8.27 / 10
Broking Experience8.37/ 10
Overall Rating8.9/10
Customer Rating★★★★★
  1. Trading Bells
Trading BellsBest stock Broker in India - tradingbellsOpen Account

Trading bells is one of the top brokers in India. One can choose to trade across Equity (Delivery, intraday, F&O), currencies and commodities on the platform. The platform features 15-minute account opening if you have an Aadhar card.

Equity Delivery: 0 Brokerage

Equity Intraday or Futures: 0.01% or Rs.20 whichever is lower

Equity Options: Rs.20 Flat

Customer Ratings
CriteriaRatings
Research & Advisory8.88 / 10
Brokerage Charges & Fees8.5 / 10
Product & Services8.4 / 10
Trading Platform8.1 / 10
Broking Experience8.5/ 10
Overall Rating8.21/10
Customer Rating★★★★★
  1. Finvasia
FinvasiaBest stock Broker in India - FinvasiaOpen Account

Setup in 2016, Finvasia offers zero brokerage trading plans across all segments on NSE, BSE and MCX. However, they feature charges for few software usages. There is no demat account opening charges and AMC associated with DP Account.

Customer Ratings
CriteriaRatings
Research & Advisory8.0 / 10
Brokerage Charges & Fees9.0/ 10
Product & Services8.8 / 10
Trading Platform8.14 / 10
Broking Experience8.77/ 10
Overall Rating8.9/10
Customer Rating★★★★★

List of Top 10 Full Service Brokers in India

A full-service brokerage firm offers personalized recommendations and services and hence comes with a higher fee. A full-service broker charges 1-2% on the assets managed by them and hence you need to be wise while choosing the best stock broker from full service brokers list.

  1. Angel Broking
Angel BrokingAngel-brokingOpen Account

Angel Broking is a top-rated full-service brokerage houses & one of the best stock broker in India and has been operating since 1987. It boasts of modern and user-centric trading platforms along with expert advisory service to its customers.

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The Angel Group is a official member of the Bombay Stock Exchange, National Stock Exchange and two commodity exchanges- the NCDEX and MCX. It is also registered as a Depository participant with CDSL.

Customer Ratings
Experience9.0 / 10
Trading Platform8.6 / 10
Product & Services8.8 / 10
Brokerage Charges9.5 / 10
Research8.5 / 10
Overall Rating9.61 / 10
Star Rating★★★★★
Customer Reviews3486
  1. ShareKhan
ShareKhansharekhanOpen Account

Sharekhan is one of the biggest full-service broking houses based out of Mumbai with more than 1.4 million clients. Sharekhan is widely regarded as top 10 stock brokers in India.

It has branches & franchises in over 550 cities across India. They deliver quality brokerage services through their web-based trading website and over 1800 offices. The brand also enjoys international presence in the Oman and UAE countries.

Customer Ratings
CriteriaRatings
Research & Advisory8.0 / 10
Brokerage Charges & Fees8.5/ 10
Product & Services9.0 / 10
Trading Platform8.55 / 10
Broking Experience8.5/ 10
Overall Rating8.1/10
Customer Rating★★★★
  1. Kotak Securities
Kotak SecuritiesOpen Account

Kotak Securities is a full-service broker, discovered in 1994. They have a great customer base of 1-1.2 million. Here is the list of other top stock brokers in India. Kotak Securities is a well reputed member of BSE & NSE managing over 5 lakh trades on a regular basis. They are also a depository participant with NDSL and CDSL. Kotak Securities is presently measured as one of the best stock broker in India.

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Customer Ratings
CriteriaRatings
Research & Advisory9.0 / 10
Brokerage Charges & Fees8.5/ 10
Product & Services8.6 / 10
Trading Platform8.9 / 10
Broking Experience8.0/ 10
Overall Rating8.0/10
Customer Rating★★★★
  1. ICICI Direct
ICICI DirectICICI DirectOpen Account

ICICI Direct is the 2nd largest retail stock broker in India that offers a wide range of investment to the retail and institutional customers. Their website offers a great bunch of investment products such as Mutual Fund App & IPO, Online Equity Trading, Fixed Deposit, Bond, Derivatives Trading, NCD, wealth products, Home Loans, etc.

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Customer Ratings
CriteriaRatings
Research & Advisory8.2 / 10
Brokerage Charges & Fees8.25/ 10
Product & Services8.76/ 10
Trading Platform8.11/ 10
Broking Experience8.0/ 10
Overall Rating8.10/10
Customer Rating★★★★★
  1. HDFC Securities
HDFC SecuritiesOpen Account

HDFC Securities is basically an equity trading business, It also offers online trading through phone.

HDFC Securities provides also boasts of features such as Day trading on both NSE and BSE, Cash-n-Carry on both NSE and BSE, Trade on Futures or Options on NSE and the online IPO Investments.

Customer Ratings
CriteriaRatings
Research & Advisory8.2 / 10
Brokerage Charges & Fees8.30/ 10
Product & Services8.0 / 10
Trading Platform8.36 / 10
Broking Experience8.35/ 10
Overall Rating8.85/10
Customer Rating★★★★
  1. Motilal Oswal
Motilal OswalMotilal-OswalOpen Account

Motilal Oswal is a financial services firm with a range of products and services such as Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering & Investment Banking.

Customer Ratings
CriteriaRatings
Research & Advisory9.0 / 10
Brokerage Charges & Fees8.50/ 10
Product & Services8.50 / 10
Trading Platform9.0 / 10
Broking Experience8.0/ 10
Overall Rating9.05/10
Customer Rating★★★★
  1. Edelweiss
EdelweissedelweissOpen Account

Edelweiss was started in 1995. Since then they have emerged out as a company worth INR 32,000 Crore with more than 6000 employees working in various divisions. They have also acquired some major businesses like Anagram Capital, Forefront & recently JP Morgan AMC (India).

Customer Ratings
CriteriaRatings
Research & Advisory8.0 / 10
Brokerage Charges & Fees8.05/ 10
Product & Services8.15 / 10
Trading Platform8.5 / 10
Broking Experience8.90/ 10
Overall Rating8.05/10
Customer Rating★★★★
  1. Karvy
KarvykarvyOpen Account

Karvy is a well-known full-service brokerage firm which is based out of Hyderabad and a part of country’s leading business group – Karvy Group.

Measures among the top 5 full-service brokers in the country, the firm has over 70 million customers along with 600+ corporate houses.

Customer Ratings
CriteriaRatings
Research & Advisory8.7 / 10
Brokerage Charges & Fees8.0/ 10
Product & Services8.5 / 10
Trading Platform8.5 / 10
Broking Experience8.0/ 10
Overall Rating8.5/10
Customer Rating★★★
  1. SBI Cap Securities
SBI Cap SecuritiesSBI Cap SecuritiesOpen Account

SBI, one of nation’s largest most preferred bank, set up a brokerage house with the name of SBI Securities.

SBI, one of the top brokers in India offers an extensive range of products and services for both investors as well as traders. It caters to individuals, corporate/institutions and even NRIs. Even they have set up ha a dedicated help desk for dealing with NRI related queries and concerns.

Customer Ratings
CriteriaRatings
Research & Advisory8.0 / 10
Brokerage Charges & Fees8.0/ 10
Product & Services9.4 / 10
Trading Platform9.0 / 10
Broking Experience8.0/ 10
Overall Rating8.4/10
Customer Rating★★★
  1. Axis Direct
Axis DirectAxis DirectOpen Account

Axis Direct is among the few Full services brokers in India with 3-in-1 account. Axis Direct, one of the best broker in India, allow investment in Equities, MF, SIPs, IPOs, Derivatives, Bonds, NCDs, Exchange Traded Funds and Company Fixed Deposits.

Axis Direct boasts of a feature of 3-in-1 account, which includes Axis Bank Savings Account, Axis Securities Trading Account and Axis Direct Demat Account.

Customer Ratings
CriteriaRatings
Research & Advisory8.3 / 10
Brokerage Charges & Fees8.22/ 10
Product & Services8.25 / 10
Trading Platform8.53 / 10
Broking Experience8.32/ 10
Overall Rating8.3/10
Customer Rating★★★★

Do remember that:
When it comes to choose the best stock broker, there is no one ideal choice for every investor. It majorly depends on one’s personal needs, services and features offered, we details the list of registered best stock brokers in India. If you don’t want to pay high brokerage, online discount brokers are the best option. However, if you need advice on stocks and you’re a high frequency trader, it is better to consider a full-service broker.

Top 10 Stock Brokers in India with highest active clients

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S. No.10 Top Stock brokers in India with highest Active ClientsNo. of   Active Clients%Share
1ZERODHA BROKING LIMITED239874314.28%
2RKSV SECURITIES INDIA PRIVATE LIMITED (Upstox)12818619.66%
3ANGEL BROKING LIMITED11254186.48%
4HDFC SECURITIES LTD.6755516.03%
5ICICI SECURITIES LIMITED6292605.62%
6KOTAK SECURITIES LTD.5834825.21%
7SHAREKHAN LTD.5479504.89%
85PAISA CAPITAL LIMITED4896614.37%
9MOTILAL OSWAL FINANCIAL SERVICES LIMITED3855353.44%
10AXIS SECURITIES LIMITED2719902.43%

Factors to consider while choosing Best stock broker in India

To make it easy for you to choose the right stock broker, here are some of the most prominent factors that must be kept in mind while browsing through a wide range of top stock brokers in India operating in the market.

  1. Broker’s History

Before choosing the Best stock broker in India, it is necessary to carry out a detailed background check on the brokerage firm. Go through client testimonials and reviews, check their history, charges and reputation. Researching every small detail will make sure that you have chosen the best stock broker.

  1. Commission Cost

This is another most crucial factor in selecting the top brokers in India. It is necessary to note that the commission of a broker makes an impact on the return you get. It makes a great sense to check out and compare the commission cost of different brokers before opening an account.

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  1. Trading Platform

To carry out stock trading online, a trading platform or software is facilitated by the Best stock broker in India. It refers to the platform you are using must be user-friendly, stable and fast.  It is highly prudent that you must first get a demo of the platform from the broker to get the much-needed support to operate the software easily.

  1. Customer Support

A broker providing an exemplary customer support service definitely has an upper hand over the others and can be considered as the top brokers in India. Customers typically choose brokers, who are rapid to respond to their questions. Hence, make sure that the broker you are choosing as best share broker in India is rapidly available to provide you utmost support.

  1. Trading tools and education

One important factor to keep in mind when choosing best brokerage firm in India is educational materials and trading tools provided by the broker. A majority of reputable online brokers generally provide educational materials including videos, article, webinars, e-courses, and seminars at no extra cost.

  1. Regulation

Proper regulation helps to ensure that the forex broker is well exploited in the unforeseen event of a trading loss. It also ensures that the broker upholds standard practices as well as keep your money and data safe. It is advisable that you choose the best stock broker in India who has a clean regulatory record.

FAQs on Best Stock Broking Companies

Ques- Which is the best stock broker in India offering full service brokerage?

Looking for Best Stock Broker in India? Here is the complete List, Angel Broking is ideally India’s best stock broker with excellent rating 9.5 out of 10 by the users. It leaves no stone unturned in easing its customer’s trading experience and has a full-fledged arsenal of tools and widgets for assisting them with trade.

Ques- Which firm offers the best discount broking services?

Zerodha with a magnificent rating of 9.6, stands as the best discount broker and one of the top 10 stock brokers in India. The best part about Zerodha is its affordable brokerage charges which don’t burn a hole in the trader’s pocket. The affordable brokerage increases the broker’s revenue and is making stock broking accessible to the common man.

Ques- Which stock broker has the best advisory, research, and stock tips facility?

Answer- India Infoline abbreviated as IIFL is trusted by the traders for dedicated advice, having a rating of 8.9. IIFL, one of the top stock brokers in India has accurately and precisely extracted the perfect information on various stock’s performance and their prospects in marketing conditions.

Ques- Which stock broker has the lowest brokerage charges?

Answer- 5 paisa has the lowest brokerage charges amongst all stock broking companies. Brokerage is an essential factor for traders and investors as it decides the magnitude of their profits and final income. People generally don’t want to lose their fair share of money and 5 paisa takes care of such needs.

Ques- Which stock broker has  fastest trading platform?

Answer- Zerodha yet again is a clear winner with a rating of 9.4. Along with being fast the stock broker also provides best-in-class features such as stock recommendations, data streaming, and watch lists which ease the trader’s experience and simplify things for them.

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