A stock broker is a professional who facilitates the buying and selling of securities on behalf of their clients. They act as intermediaries between buyers and sellers in the financial market. A stock broker is licensed and regulated by the Securities and Exchange Commission (SEC). They work for brokerage firms, and their job is to help clients buy or sell stocks, bonds, and other financial instruments.
In this article, we will include a list of brokers that are popular among investors.
Best Stock Brokers in India
The top stock brokers in India are those that offer competitive rates, good customer service, user-friendly platforms and strong research and analysis tools.
Zerodha is a popular Indian financial services company that specialises in online trading and investment solutions. It is one of the fastest-growing brokerage firms in the country and has over half-a-million clients worldwide. With its cutting-edge technology, Zerodha offers a variety of services, including equity trading, mutual funds, forex and commodities.
Zerodha is considered a good stock broker because of the following reasons:
- Zerodha offers very low fees and charges no clearance fees to its customers.
- Zerodha's web and mobile trading platforms are superb and feature a wide range of research tools.
- Zerodha's pricing is very competitive, with free equity delivery and direct mutual funds and a maximum of Rs 20 per trade for everything else at BSE, NSE, and MCX.
- Zerodha is the number one stockbroker in India, with over 2.9 million monthly active clients and surpassing ICICI direct in terms of the number of active clients and trading turnover.
- Zerodha provides its customers with various unique additional services, making it compatible with traders as it offers the best and cheapest services to its customers.
Groww is reputed to be among the top 20 share brokers with over 1 lakh active customers. Its features are:
- Groww platform is quite user-friendly with a simple UI, making it easy for users to adapt, even beginners.
- Groww allows direct mutual fund investment and provides an easy and hassle-free investing process through its online trading platform. The company also has its own mutual fund called Groww Mutual Fund, which is managed by HDFC Asset Management Company Limited (HDFC AMC).
- Groww provides its users with a variety of services and facilities, including free equity trading, live chat support, a mobile app and e-mail alerts.
- Groww also offers the highest level of security with online banking password protection and SSL encryption.
- Groww is one of the most affordable stock brokers in India, offering a flat rate of Rs.100 per transaction without any hidden charges or extra fees.
Angel One has been within the top 3 retail broking houses of India since its inauguration in 1987 and has received many awards such as Major Volume Driver by BSE, Equity Broking Award by D&B, Broker with Best Commodity Research by Bloomberg and UTV, Top Performing Members in New Clients Enrollments by NSE and many more.
- It is one of the largest full-service retail brokers in India, offering various products, including stocks, commodities, currencies, futures, and options.
- Angel One requires no minimum deposit for account opening and provides a demo account, it also offers a variety of platforms, including a mobile app and investment advice.
- Angel One took stock of the vast number of Gen-Z and millennials who now populate their consumer base and chose to make the Angel brand resonate with them by using seamless brand architecture and adding a number of business extensions as and when they added them to their portfolio.
- It was in the year 2015 that Angel One launched its first mutual fund, and since then, it has grown exponentially. The company now offers over 30 funds across various asset classes, including equities, fixed income and real estate.
Upstox has become a popular discount broker in India, with over 1.6 million monthly active clients, and surpassed ICICI Direct to become the second-largest stockbroker in India after Zerodha by the number of active clients.
- Upstox has reduced commission rates, multiple trading platforms, and access to financial products like mutual funds and options.
- Upstox offers competitive brokerage plans and good customer service, making it the second most popular discount broker in India.
- It also provides access to various financial products through its collaboration with financial institutions such as Kotak Mahindra Bank and ICICI Lombard.
- Upstox provides access to foreign exchange services and margin trading for investors in India who want to trade on leverage or speculate on currency fluctuations
ICICI Direct is the pioneer in online trading in India and was the largest stock broker for over 20 years until 2019. ICICI Direct is part of the renowned ICICI Group and offers a personal relationship manager and local support, providing a smooth and fast online trading experience.
- ICICI Direct offers a 3-in-1 online trading account, which includes an ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account, making it a unique offering for retail stock market investors in India.
- ICICI Direct provides a wide range of investments under one account, along with free research and advisory services.
- It has many advantages over other brokers, including free research and advisory services, a wide range of investments under one account, a joint account facility and more.
- ICICI Direct has a discounted brokerage plan called "ICICI Direct NEO" that offers reduced brokerage in Cash (Delivery) as low as 0.10%, along with the advantages of ICICI Direct NEO. By combining the two plans, customers can benefit from their investing and trading requirements.
Conclusion
India's stockbroking industry is highly competitive, with several major players vying for market share. Each brokerage firm has its strengths and weaknesses and caters to a specific customer base. Ultimately, the choice of a stockbroker depends on the individual's investment goals, trading patterns, and knowledge of the market.
FAQs
A genuine list of top share brokers in India 2023 by the number of the active clients in 2023. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.
Who is the No 1 stock broker in India? ›
A genuine list of top share brokers in India 2023 by the number of the active clients in 2023. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.
Who gives the best stock advice in India? ›
Rakesh Jhunjhunwala –Rakesh Jhunjhunwala is popularly known as Share Market King of India. In India, he was known as "The Big Bull" of the stock market and was one of the best investors in the country of all time. This is not only because his net worth is huge and as per August 2022, it was Rs.
Which Indian broker is best for US stocks? ›
The first option for Indian investors to invest in US stocks is by opening an overseas trading account with a domestic broker. Indian investors can open an overseas trading account with a domestic broker like HDFC Securities, ICICI Direct, or Kotak Securities.
Who is India's richest stock broker? ›
| Rakesh Jhunjhunwala |
|---|
| Alma mater | Sydenham College of Commerce and Economics The Institute of Chartered Accountants of India |
| Occupations | Businessman Investor Stock trader |
| Spouse | Rekha Jhunjhunwala ( m. 1987) |
| Children | 3 |
5 more rowsBoth Upstox and Zerodha are popular online discount brokers. Upstox is better than Zerodha in following ways: Upstox provides access to 3rd party trading software like Dartstock, NEST Trader and Fox Trader for advance traders. Zerodha only offers Kite as a trading platform.
Which is India's largest broker? ›
Best Stock Brokers in India
- Zerodha. Zerodha is a popular Indian financial services company that specialises in online trading and investment solutions. ...
- Groww. Groww is reputed to be among the top 20 share brokers with over 1 lakh active customers. ...
- Angel One. ...
- Upstox. ...
- ICICI Direct.
It is definitely the largest discount broker in India. If you are looking to open your brokerage account with a reputable brand that offers low brokerages, and have a fast trading platform, Zerodha is definitely one of the best options.
Who are the most successful stock traders in India? ›
Radhakishan Damani, Rakesh Jhunjhunwala, Raamdeo Agrawal, Ramesh Damani, and Vijay Kedia are some of the most prolific D-St experts. The Indian stock market is home to many successful traders who have made their fortunes through astute investments and shrewd market moves.
Who gives best stock advice for free? ›
Zacks has built a reputation as a reliable source of stock data for investors looking for a stock picking edge, Zacks' free stock screener has almost everything investors need to make well-timed and informed stock picks.
In a recent ranking conducted by an independent research firm, hundreds of learners and industry professionals voted Abhishek Jha as the best stock market mentor in India.
How to check best stocks In India? ›
How to pick the best stocks to invest - A definitive guide
- Determine your financial goals. Investing is not a one-size-fits-all activity. ...
- Identify your risk appetite. Investors have a wide range of investment options available to them. ...
- Buy stocks only if you understand the company.
Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist. He was born in Bombay (Mumbai), India, on June 12, 1964.
Is it OK to buy US stocks from India? ›
Yes, Indians can invest in the US stock market. There is more than one way to buy and hold US stocks in your portfolio. Direct equities, ETFs, and mutual funds are just one of the few popular options. You can invest in US stocks in two ways from India – indirect and direct.
Which stock market is better USA or India? ›
What is the difference between the Indian stock market and the US stock market in terms of market size? The Us stock market commands a market capitalisation of $40.51 Trillion. The Indian stock market has a market cap of $3.4 Trillion. So, the US market is more than 10 times bigger than its Indian counterpart.
Who is share market king in India? ›
Popularly known as the “Warren Buffett of India,” Rakesh Jhunjhunwala is one of the greatest stock market investors India has ever seen. Born on July 5, 1960, Rakesh Jhunjhunwala was a stock market veteran. His father was an Income Tax Officer. So it was due to his father that he got interested in the stock markets.
Which stock broker has the lowest fees in India? ›
Introduction
| Stock Brokers In India | Brokerage charges for delivery trades. | Maximum Brokerage charges for intraday (per trade) |
|---|
| Zerodha | Zero | 20/- |
| Upstox | Zero | 20/- |
| 5paisa | 15/- | 15/- |
| Samco | 20/- | 20/- |
Mar 15, 2023
Interactive Brokers: Best Charting Platform for Day Traders
- Trades can be placed directly from customizable charts.
- Ability to chart and trade assets from multiple markets in one platform.
- Robust offering of technical tools.
Kamath wrote, “A key reason behind the success of Zerodha is that we were able to grow thanks to all the referrals from our users. Over 10 lakh customers have referred their friends and family, and today, we just made our largest referral payout to our customers.”
Why is Zerodha so famous? ›
Zerodha charges a very minimal amount to the traders for transactions because of which the trading volume is generally high. This fee collection of smaller amounts from a larger number of clients leads to good revenue generation for Zerodha.
12 Best Discount Brokers in India 2023 – Most Popular...
- Zerodha.
- Angel One (Previously Angel Broking)
- Upstox.
- 5Paisa.
- Kotak Securities (Trade FREE Plan)
- Groww.
- Paytm Money.
- Trade Smart.
Parasram is the one of oldest stock broker in India, with more than 300 stock brokers licenced with SEBI. The company implemented the first bank payment gateway, making it the nation's first stockbroker to offer Internet trading. After few years parasram enabled mobile device trade in India for the first time.
Which trading company is best? ›
Best Online Brokerage Accounts and Trading Platforms of 2023
- Best Overall: Fidelity Investments.
- Best Broker for ETFs: Fidelity Investments.
- Best Broker for Low Costs: Fidelity Investments.
- Best Broker for Beginners: TD Ameritrade.
- Best Broker for Mobile: TD Ameritrade.
- Best Broker for Advanced Traders: Interactive Brokers.
There is no upper limit to the amount of money that can be withdrawn from the trading account. Withdrawal limit is subject to availability of withdrawable balance in the trading account. To learn more, see What is the withdrawable balance?
What if Zerodha shuts down? ›
If any such unfortunate event were to occur, you need to apply to the Investor Protection Fund (IPF), set up by SEBI, to provide compensation. You need to file a claim for compensation within three years per SEBI rules to become eligible for such payment.
Why do people prefer Zerodha? ›
Zerodha is among the largest discount brokers in India. It offers a wide range of products and provides free equity delivery. Zerodha is a great choice for beginner investors because of its easy-to-use trading platforms.
What is the most profitable stock ever in India? ›
To help investors find these lucrative stocks, we have compiled a list of the top 11 highest return stocks in the last 20 years in India.
- Asian Paints Ltd. ...
- HDFC Bank Ltd. ...
- Britannia Industries Ltd. ...
- Reliance Industries: ...
- HDFC Ltd. ...
- TCS Ltd. ...
- ITC Ltd. ...
- Infosys Ltd.
Some investors have made a fortune in day trading, and Jim Simons tops the list of the wealthiest day traders in the world. Simons has a net worth of $28.6 billion, and Forbes ranks him the 48th wealthiest man in the world.
What is the best share advisor? ›
Here are the best currently available to help you beat the market.
- The Motley Fool Stock Advisor.
- The Motley Fool Rule Breakers.
- Seeking Alpha Premium.
- Trade Ideas.
- Mindful Trader.
- Pilot Trading.
- Carnivore Trading.
- LevelFields.
You don't need to pay someone to manage your investments for you. In fact, you may be MUCH better off doing it on your own, and it doesn't have to be hard or take a lot of time. Here's how to beat 80% of investors with 1% of the effort.
Your choice of broker should reflect your investment style—whether you lean toward active trading or a more passive, buy-and-hold approach. Always make sure your broker is fully licensed by state regulatory authorities and FINRA and registered (individually or via their firm) with the SEC.
Who is the best guru for stock market? ›
15 Most Famous Investment Gurus of All Time
- Philip Fisher. ...
- Peter Lynch. ...
- John Templeton. ...
- Benjamin Graham. ...
- Charlie Munger. ...
- Stanley Druckenmiller. ...
- David Tepper. ...
- Carl Icahn. Carl Icahn is a billionaire activist investor who is the founder of Icahn Capital.
Best Stocks to Buy in Each Category in 2023
- Coal India Limited. Mining, Refinery.
- Indian Oil Corporation Limited. Energy: Oil and gas.
- Power Finance Corporation. Financial Services. ...
- Sonata Software Limited. Global IT Services.
- Avanti Feeds Limited. ...
- HCL Technologies Limited. ...
- Bajaj Finance Limited. ...
- Britannia Industries Limited.
Ticker is the latest and the most efficient free screener. Built with the simplest user interface, Ticker is the best stock screener for both amateur and experienced investors.
What is the most reliable stock to buy In India? ›
Best Stocks to Buy in India for Long Term in 2023
| S.No. | Long Term Stocks India | Industry |
|---|
| 1. | Reliance Industries | Multinational Conglomerate |
| 2. | Tata Consultancy Services (TCS) | Information Technology |
| 3. | Infosys | Information Technology |
| 4. | HDFC Bank | Banking |
1 more row3 days ago
1. State Bank of India, Chicago. It is situated at SBI Chicago, 19 S Lasalle St #200. Chicago, IL 60603, USA.
Which American company are listed in India? ›
List of US Companies in India
| Agilent | Agro Tech | American Express |
|---|
| Citigroup | Coca Cola | Cognizant |
| Colgate Palmolive | CSC | Cummins |
| Discovery | Dupont | EDS |
| Eli Lilly | Emerson Electric | EXL |
13 more rowsOften referred to as the 'Big Bull', Rakesh Jhunjhunwala was one of the most popular and successful investors in the Indian stock market.
Do I have to pay tax on US stocks in India? ›
Capital Gains
If your Residential Status as per the Income Tax Act is 'Resident', your worldwide income is taxable in India. This would mean that Capital Gains earned on US stocks will also be taxable in India.
How do I invest in stocks in India from USA? ›
Investing in Indian Stocks From the US
To have access to the Indian stock market from the US, you will have to either open an account with an international brokerage firm regulated by the U.S. Securities and Exchange Commission (SEC) or open an account with a SEBI-registered Indian stockbroker.
The tax rate for long-term capital gains is 20% with indexation benefit, while the tax rate for short-term capital gains is based on the investor's tax bracket. The tax treatment may also vary based on the tax residency of the investor.
What are the disadvantages of investing in US stocks from India? ›
Taxability Risks
If the sector that you are invested in is at the receiving end of certain tax increases, then all companies can suffer and their stocks can tumble. Also, talking about tax, as an Indian investor, you need to keep the types of taxes in mind – capital gains tax and dividend tax.
Which company is No 1 stock market in India? ›
Who is No 1 company in India? In terms of market capitalization, Reliance Industries, which is headed by Mukesh Ambani, is the number one company in India. It is a multinational conglomerate that is headquartered in Mumbai, India. It is a Fortune 500 company and the largest private sector company in India.
Which is more profitable US stocks or Indian stocks? ›
With the US stock market, this is done in USD naturally. The USD is the global currency by default and is a stronger currency than the INR. Hence, any investments made with the USD in play will bear higher returns. This spells more profit for the investors who invest in US markets.
How does Zerodha make money? ›
Currently, 70% of Zerodha's revenue comes from broking and trading fees, 15% from treasury (the company's own funds invested mostly in debt and fixed deposits), float (unused customer funds) generates 3-3.5% as they are parked as short-term FDs with clearing corporation and, and the remainder (15%) comprises account ...
Is Zerodha safe from hackers? ›
“There has been some noise about the hacking incidents at Zerodha. Here is some data: Out of the ~65lk customers who traded with us last year, we have ~100 complaints of fraud. ~ 80 where login details were shared willingly & ~20 where email was hacked (all Rediffmail IDs),” Kamath tweeted.
What percentage does Zerodha charge? ›
Equity
| Zerodha charges | Equity delivery |
|---|
| Brokerage | Zero Brokerage |
| STT/CTT | 0.1% on buy & sell |
| Transaction charges | NSE: 0.00325% BSE: 0.00375% |
| GST | 18% on (brokerage + SEBI charges + transaction charges) |
2 more rowsZerodha is the first broker to introduce Zero brokerage for demat account. Any delivery based transaction will have no brokerage. All the other trades like intraday and derivatives (Future and Options) are charges flat Rs20 per trade. This is beneficial to smaller traders.
Is Zerodha really free? ›
All equity delivery investments (NSE, BSE), are absolutely free — ₹ 0 brokerage.
