Which brokerage is best in India?
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- The data for this report is compiled from BSE and NSE stock exchanges.
- The best broker ranking is updated every month.
- Click on the broker name to read broker review.
| Low Brokerage Trading Account | Trading Account Opening Charges | Brokerage in NSE Future & Options(F&O) |
|---|---|---|
| Wisdom Capital | Free | Rs. 9/-Trade |
| Zerodha | Rs 200 | Rs 20/per executed order |
| Upstox | Rs 200 | Rs 20/per executed order |
| SAMCO | Zero | Rs 20/per executed order |
Zerodha is the biggest stockbroker in India and is considered to be the safest stock broker in India. It is trusted by over +9 million clients on NSE & BSE, and contributes to over 15% of all retail order volumes in India daily by trading and investing.
Best Online Brokerage Accounts and Trading Platforms:
Best Broker for Beginners: TD Ameritrade. Best Broker for Mobile: TD Ameritrade. Best Broker for Options: tastyworks. Best Broker for Low Costs: Fidelity Investments.
| Broker | Brokerage (Equity Intraday) |
|---|---|
| Zerodha | Rs 20 per executed order or .03% whichever is lower |
| Upstox | Rs 20 per executed order or 0.05% whichever is lower |
| Groww | Rs 20 per executed order or 0.05% whichever is lower |
| Angel One | Rs 20 per executed order |
While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts: Zerodha is the pioneer of the discount broking business in India. Zerodha offers brokerage-free Equity Delivery trading. Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.
Angel Broking provides a broad range of services. Angel Broking provides research, trading ideas, and recommendations, while Zerodha is an online discount broker. Zerodha does not have its own research department. The demat AMC at Angel Broking is Rs 240.
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.
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
| Broker | Brokerage (Delivery) | Demat AMC |
|---|---|---|
| ProStocks | Rs 0 (Free) | Rs 0 (Lifetime Free) |
| Zerodha | Rs 0 (Free) | Rs 300 |
| Angel One | Rs 0 (Free) | Rs 240 |
| Alice Blue | Rs 0 (Free) | Rs 400 |
Can I have 2 demat accounts?
You cannot open more than one Demat account with the same Depository Participant or DP or with the same broker. Each account you hold will attract separate charges for annual maintenance. Not using the Demat account will attract charges and might be frozen.
Zerodha is the premium discount broker in India which offers investors to open a free Demat account with them. Zerodha doesn't charge for opening a Demat account which in itself is quite a charm, but the annual maintenance charges of merely ₹300 further enhance the appeal.
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Compare Upstox vs Groww on Trading Platform.
Zerodha has low fees, it even offers free equity delivery trading. The web and mobile trading platforms are easy-to-use and well-designed. There is a wide range of high-quality research tools. The account opening is slow and not fully digital.
Zerodha is the most technologically advanced stock broker in India with the highest number of customers. Zerodha has much better self-serving and education awareness platforms than Angel One. Angel broking offers API for trading for free. Zerodha charges a monthly fee.
Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.
Paytm Money offers the cheapest discount brokerage in India, which a brokerage charge of just Rs 10 per trade, which is the lowest in Intraday. Other top discount brokers in India like Zerodha, Upstox, Angel one, etc offers a brokerage rate of Rs 20 per order.
| Broker | Minimum Brokerage |
|---|---|
| ICICIdirect | Rs 35 per trade (I-Secure Plan) |
| HDFC Securities | Rs 25 plus taxes |
| Motilal Oswal | Rs 25 for Delivery/ 12 for Intraday |
| Sharekhan | Intraday: 5 paise per share | Delivery: 10 paise per share | Future Rs 0.001 per share |
Fidelity combines $0 commissions, top-notch research, and an excellent mobile app, all in a simple online platform. With $0 account minimums and zero-expense-ratio index and mutual funds, this is one of the most affordable stock brokers.
- Zerodha. Zerodha. Open Instant Account. ...
- Groww. Groww. Open Instant Account. ...
- Angel broking. Angel One. Open Instant Account. ...
- Sharekhan. Sharekhan. Open Instant Account. ...
- Upstox. Upstox. Open Instant Account. ...
- 5Paisa. 5Paisa. ...
- Edelweiss. Edelweiss. ...
- ICICI Direct. ICICI Direct.
Can you trust a broker?
Can You Trust a Broker? Because there are so many ways to check brokers, it is actually a bit rare to see a working broker who isn't licensed. However, a licensed broker could persuade you to make investments that benefit them or their firm more than you as a client.
It is possible to buy stock without a broker. In fact, there are three alternatives to using a full-service broker: opening an online brokerage account, investing in a dividend reinvestment plan, and investing in a direct stock purchase plan.
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
- Fidelity Investments.
- Charles Schwab.
- TD Ameritrade.
- E-Trade Financial.
- Ally Invest.
- Merrill Edge.
- Interactive Brokers.
Zerodha has low fees, it even offers free equity delivery trading. The web and mobile trading platforms are easy-to-use and well-designed. There is a wide range of high-quality research tools. The account opening is slow and not fully digital.
