Almost every reader feels confused at some point when choosing the right stock broker. A good broker offers great options, competitive prices, and features like a zero-brokerage demat account. Check out our list of the top 7 stock brokers in India to help you make the right choice today!
Here’s a quick guide to help you compare the top 7 stock brokers in India for 2024:
Groww, Shoonya, Upstox, Zerodha, Angel One, HDFC, and ICICI.
1. Groww
Groww, leading our list of top 7 stock brokers in India, offers a user-friendly platform with access to stocks, mutual funds, and ETFs. It also provides educational resources for beginners and a seamless app experience.
Open now- free demat account with no annual charges!
Pricing: Zero brokerage for equity investments and a flat fee for mutual fund transactions.
Account Opening Cost:
- Opening Account: ₹300
- Annual Maintenance Charge (AMC): ₹300 (waived if trading frequently)
2. Shoonya
Shoonya is known for zero brokerage on all trading segments. You get the benefit of a lifetime free demat account.
You can enjoy equity trades, advanced trading tools, and a user-friendly app. It also offers commission-free mutual funds and easy pay-ins & payouts.
Pricing: Zero brokerage on commodities, equities, futures, options, currencies, mutual funds, ETFs, bonds, and IPOs.
Account Opening Cost:
- Opening Account: ₹0
- AMC: ₹0
Download now- trading app with zero brokerage!
3. Upstox
Upstox, standing in the 3rd position among the best brokers in India, provides a low-cost trading platform. There are advanced tools for both beginners and experienced traders. It offers stocks, derivatives, and mutual funds.
Pricing: ₹20 per order for equity, derivatives, and commodity trades.
Account Opening Cost:
- Opening Account: ₹300
- AMC: ₹300 per year
4. Zerodha
Zerodha offers low-cost trading for equities, commodities, and derivatives. Their platform is robust and well-suited for all levels of traders.
Pricing: ₹20 per trade or 0.03% (whichever is lower) for equity and derivatives trades.
- Free Account Opening: Open your Zerodha account without any charges.
- Zero Brokerage for Delivery: Enjoy no brokerage fees on equity delivery and direct mutual funds.
- Flat ₹20 Per Trade: Pay a maximum of ₹20 for intraday and F&O trades, or 0.03% (whichever is lower).
- Advanced Trading Tools: Access top-notch trading platforms like Zerodha Kite and Coin.
- Annual Maintenance Fee: Just ₹300 per year for your Demat account.
Account Opening Cost:
- Opening Account: ₹200
- AMC
- For BSDA accounts: No fee for holdings up to ₹4,00,000; charges apply for higher values.
- For non-BSDA accounts: Charges vary based on account type, starting at ₹300 per year for individuals.
5. Angel One
Another name that has been leading the list of best brokers in India for years is Angel One. It’s known for its customer support and reliability.
Pricing: ₹20 per trade or 0.25% (whichever is lower) for equity trades. ₹0 Brokerage for the 1st 30 days* on Intraday, F&O, Currencies, and Commodities.
Account Opening Cost:
- Opening Account: ₹0
- AMC: ₹0 (for the first year, ₹450 thereafter)
6. HDFC Securities
HDFC Securities ranks sixth on the list of top 7 stock brokers in India. It combines a strong reputation with a wide range of financial products. You can trade in equities, derivatives, mutual funds, etc.
Pricing: ₹30 per trade or 0.25% (whichever is lower) for equity trades.
Account Opening Cost:
- Opening Account: ₹999
- AMC: ₹750 per year
7. ICICI Direct
ICICI Direct offers extensive research tools and a wide range of investment products such as equity, commodity, and even currency trading. You also get the benefit of a 3-in-1 account.
Pricing: ₹20 per trade or 0.55% (whichever is lower) for every intraday and F&O trade.
Account Opening Cost:
- Opening Account: ZERO
- AMC: ₹300 per year
- 3-in-1 Account: Seamlessly link your bank, trading, and Demat accounts.
Choosing the right broker depends on your trading needs and budget. Evaluate the features and costs carefully to find the best fit for your investment goals!
In summary, picking the right stock broker can make a big difference in your investing journey. Think about what you need—like fees, features, and support—before making a choice. A good broker can help you trade more effectively and reach your financial goals. Take your time, explore your options, and find the best fit for you!
