Best Stock Broker in India – List of Top 10 Stock Brokers in India

The first and foremost task of a stockbroker is to as an intermediary between the investors and the stock market. A stockbroker can be an individual or a firm and plays a substantial role in establishing a fruitful and sustainable association between both the parties. Since, investing in stocks involves a complex mechanism, these stockbrokers make things simple in several ways. So you want to find Best stock Broker in india so that you can get huge return from it.

In recent times, there has been a sharp inclination towards stock investments in India, particularly after the COVID pandemic with the presence of 11 crore Demat account holders till January. This figure was stood at 8.4 crore in 2022. The reasons are obvious – better returns on investment, simple investment process, fast liquidity, and a plethora of options to choose from. Besides, a major credit goes to various stockbrokers in India that play a crucial role in the buying and selling of stocks.

If you are looking forward to investing in the burgeoning Indian stock market, you must need to choose from the best stock brokers in India that are known to deliver optimum value to investors in both short and long run. In the following section of this page, we have highlighted top 10 stockbrokers in India that are known to give a seamless trading experience to stock investors. there is a list of top 10 stock brokers in india.

What is a stockbroker?

A stockbroker or a stock broking firm can be defined as a registered representative of the stock market who promotes the buying and selling of stocks on behalf of retail investors, institutions, and others. A stockbroker is also known as a registered representative or a broker. The buying and selling of stocks are typically done through a stockbroker.

Stockbrokers manage the buying and selling of stocks for both retail and institutional clients. The first and foremost responsibility of a stockbroker is to get buy and sell orders and execute them. A number of market contributors rely on stockbrokers’ knowledge and expertise with respect to market dynamics to invest in stocks. A stockbroker can work either separately or with a brokerage house. More often, brokerage firms are also known as stockbrokers.

Full-service Stockbrokers and Discount Stockbrokers

There are two types of stockbrokers in India – Full-service Stock Brokers and Discount Stock Brokers. A full-service broker (also known as conventional broker) offers a wide range of services to its clients including market research & advisory, stock investment, portfolio management. Contrary to online discount brokers, full-service brokerage houses provide their services in both online and offline modes. A discount broker enables reasonably-priced stock trading, online account management, market research, and tutorials. It is primarily meant for those stock investors who keep track of their investments on their own. that is why it is necessary to find out best stock broker in india to invest money.

List of Top 10 Best Stockbrokers in India

Below the top 10 best stockbrokers in India with their respective client base and performance rating. We will explain each one of them subsequently.

S. No. Broker Name Salient Features Rating
1 Zerodha Zero brokerage for equity delivery and Mutual funds 9.8/10
2 Angel One Margin trading feature, Flat brokerage of Rs. 20, Free research & advisory 9.6/10
3 m.Stock Zero brokerage across Delivery, Intraday, and F&O trading 9.5/10
4 Groww Zero commission mutual funds, 0 brokerage on equity delivery 9.4/10
5 Upstox 0 cost account opening, Availability of multiple performance indicators 9.0/10
6 ICICIdirect 3-in-1 account opening, 0 brokerage on equity futures, VTC feature 8.9/10
7 Kotak Securities 3-in-1 account opening, Free research & advisory services 8.7/10
8 HDFC Securities One of the most reliable names in the segment, 8.5/10
9 Edelweiss Rs 10 Per Order 8.0/10
10 Sharekhan Multiple brokerage brackets, Zero cost fund transfer, Insightful educational content 8.0/10

⦁ Zerodha

Zerodha, which charges a brokerage fee of Rs. 20 per order (or 0.03%) for trading intraday stocks, equity derivatives, commodities, and currencies, is counted among Zerodha is the most affordable stock brokers in India. There is no brokerage cost for the delivery of stocks.

Zerodha comes out on top when rating the finest discount brokers in India with the lowest brokerage costs. In actuality, Zerodha is one of the brokers that popularised the concept of discount broking by introducing the flat-fee Rs. 20 brokerage model in India. In addition to having the lowest brokerage costs in India, the stock broker is recognised for its speedy and user-friendly Kite trading platform, which can be used from both web browsers and mobile phones. It is at first no of our list of best stock brokers in india. it also in the list of no1 broker in india.

Brokerage

Trading Category Brokerage
Equity Delivery Rs 0 (Free)
Equity Intraday Flat Rs 20 or 0.03% (whichever is lower) per traded order
Equity Future Flat Rs 20 or 0.03% (whichever is lower) per traded order
Equity Options Flat Rs 20 per executed order (on Turnover)
Currency Futures Flat Rs 20 or 0.03% (whichever is lower) per traded order
Currency Options Flat Rs 20 or 0.03% (whichever is lower) per trader order
Commodity Flat Rs 20 or 0.03% (whichever is lower) per trader order
Mutual Fund Rs 0 (No Limit on Direct MF)

 

Customer Ratings
Parameter Ratings
Research & Advisory 9.0 / 10
Brokerage Charges & Fees 9.5 / 10
Product & Services 9.55 / 10
Trading Platform 9.20 / 10
Broking Experience 9.7/ 10
Overall Rating 9.24/10
Customer Rating ★★★★★

⦁ Angel One

In April 2019, Angel Broking’s brokerage fees were updated. It used to be customary for full-service stock brokers to charge brokerage based on a specific percentage of all traded values. Angel Broking converted to the flat fee brokerage model, nevertheless, as a result of the fierce competition that discount brokers faced. Angel broking is on 2nd no of our list of best stock brokers in india.

Angel One, started operations in 1987, is one of India’s most reputable and reasonably priced stock brokers. The trading platform of the stock broker, which is incredibly high-tech and packed with features, is its finest feature.

Brokerage

Category Brokerage Charges
Monthly Fee (Fixed)
Equity Delivery Rs 0 (Free)
Equity Intraday Rs 20 per executed order
Equity Futures Rs 20 per executed order
Equity Options Rs 20 per executed order
Currency Futures Rs 20 per executed order
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order
Commodity Options Rs 20 per executed order

 

Customer Ratings
Experience 9.0 / 10
Trading Platform 8.6 / 10
Product & Services 8.8 / 10
Brokerage Charges 9.5 / 10
Research 8.5 / 10
Overall Rating 9.61 / 10
Star Rating ★★★★★
Customer Reviews 3486

⦁ M.Stock

Mirae Asset, a startup financial services company, offers an investment platform called m.Stock. Investors have access to a variety of trading and investing alternatives through the stockbroker. The most notable feature of m.stock is that it has the lowest brokerage fees in India. A zero-brokerage and zero-commission pricing methodology is used by the stockbroker.
On intraday, delivery, and F&O trades, m.Stock charges no brokerage fees.

999 Brokerage Plan 149 Brokerage Plan
Equity Delivery Zero Zero
Equity Intraday Zero ₹20 per trade
Equity Futures Zero ₹20 per trade
Equity Options Zero ₹20 per trade
Currency Futures Zero ₹20 per trade
Currency Options Zero ₹20 per trade
Commodity Futures Zero ₹20 per trade
Commodity Options Zero ₹20 per trade
Customer Ratings
Experience 9.5 / 10
Trading Platform 8.8 / 10
Product & Services 8.3 / 10
Brokerage Charges 9.0 / 10
Research 8.9 / 10
Overall Rating 9.5 / 10
Star Rating ★★★★★
Customer Reviews 5472

⦁ Groww

Groww levies a fixed brokerage of either Rs 20 or 0.05% for each trade. The brokerage charge for each order is restricted
at Rs 20 regardless of size or cost. Groww offers no-cost mutual fund services, such as no charges for buying or redeeming
mutual funds. Groww also is a great platform so this is  best broking firm in India.

Initially commenced its operations for mutual funds investment only, Groww has come a long way by offering a
wide range of stock investment and trading services to all types of investors. The best stock broking firm in India also offers
insightful educational content to investors looking to leverage their stock investments.

Groww is powered by Nextbillion Technology Private Limited, a SEBI-registered member.

Trading Category Brokerage
Equity Delivery Rs 20 per trade (or 0.05% whichever is lower)
Equity Intraday Rs 20 per trade (or 0.05% whichever is lower)
Equity F&O Rs 20 per trade

 

Customer Ratings
Parameter Ratings
Research & Advisory 9.5 / 10
Brokerage Charges & Fees 9.0 / 10
Product & Services 9.5 / 10
Trading Platform 9.6 / 10
Broking Experience 9.4/ 10
Overall Rating 9.2/10
Customer Rating ★★★★★

⦁ Upstox

For stocks delivery, Upstox charges Rs 20 (or 0.1% of each order, whichever is smaller) in brokerage costs. For intraday
Equity trading, there is a set charge of Rs. 20 per successfully executed order, or 0.05% (whichever is lesser).

Upstox, a significant discount broker in India, was formerly known as RKSC Securities. Since they first began in 2009, the
best broking firm in India has come a long way by offering investors and traders the best of everything, including acutting-edge trading platform, inexpensive brokerage, dependable customer support, and others.

Upstox is an active participant of BSE, NSE, MCX, and MCX-SX exchanges is Upstox. It is renowned for having reasonable brokerage charges.

Brokerage

Trade Segment Brokerage
Equity Delivery Rs 20 per executed order or 2.5% (whichever is lower)
Equity Intraday Rs 20 per executed order or 2.5% (whichever is lower)
Equity Futures Rs 20 per executed order or 2.5% (whichever is lower)
Equity Options Flat Rs. 20 per order
Currency Futures Rs 20 per executed order or 0.05% (whichever is lower)
Currency Options Flat Rs. 20 per order
Commodity Futures Rs 20 per executed order or 0.05% (whichever is lower)
Commodity Options Flat Rs. 20 per order

 

Customer Ratings
Criteria Ratings
Research & Advisory 9.0 / 10
Brokerage Charges & Fees 9.5 / 10
Product & Services 9.5 / 10
Trading Platform 9.0 / 10
Broking Experience 9.7/ 10
Overall Rating 8.18/10
Customer Rating ★★★★★

⦁ ICICI Direct

ICICI direct earns the title of finest broker because to its wide range of trading and investment products, Rs. 20 NEO flat discount brokerage plan, trustworthy research and counselling, and cutting-edge technological platforms including the potent Trade Racer terminal and mobile trading applications.

ICICI direct is counted among the best full-service stock brokers in India with more than 30 lakh active customers.

Best broker of India is ICICI Direct. It is also a division of famous retail trading and investing service provider ICICI Securities. It offers a broad variety of trading and investing products, such as loans against securities, commodities, currencies, equity derivatives, mutual funds, fixed deposits, and loans against securities.

Brokerage

Category Brokerage
Equity Delivery 0.55%
Equity Intraday Rs 20 per executed order
Equity Future Rs 0 (Free)
Equity Options Rs 20 per executed order
Currency F&O Rs 20 per executed order
Commodity F&O Rs 20 per executed order
NCDs / Bonds 0.75%

 

Customer Ratings
Experience 9.8 / 10
Trading Platform 9.0 / 10
Product & Services 9.2 / 10
Brokerage Charges 8.5 / 10
Research 8.9 / 10
Overall Rating 9.5 / 10
Star Rating ★★★★★
Customer Reviews 5623

⦁ Kotak Securities

The Trade Free Plan, Trade Free Max Plan, and No Brokerage Plan are all offered by Kotak Securities. Intraday broking is entirely free under all three plans. For equities delivery, the brokerage cost is 0.25 percent, or 20 rupees (whichever is higher).

The lowest brokerage fees in India are offered by Kotak Securities, which costs just Rs. 20 per order for trading in futures and options and 0% commission for intraday trading.

Being a member of Kotak Mahindra Bank, one of India’s most prominent banking groups, Kotak Securities offers straightforward and quick investment options in mutual funds, commodities, and equities. In addition to insurance, market research, depository services, and portfolio management services (PMS), Kotak Securities full-service stockbroker offers a wide range of other services.

Brokerage

Category Brokerage
Monthly Fee (Standard)
Equity Delivery 0.25% (Minimum Rs 20 per trade)
Equity Intraday Free
Equity Futures Delivery: Rs 20 per trade | Intraday: Free
Equity Options Delivery: Rs 20 per trade | Intraday: Free
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free

 

Customer Ratings
Criteria Ratings
Research & Advisory 9.0 / 10
Brokerage Charges & Fees 8.5/ 10
Product & Services 8.6 / 10
Trading Platform 8.9 / 10
Broking Experience 8.0/ 10
Overall Rating 8.0/10
Customer Rating ★★★★

⦁ HDFC Securities

The lowest brokerage charged by HDFC Securities is Rs 20 per transaction for order in derivatives and 0.10% per order in the case of equity delivery. A 3-in-1 account from HDFC Securities is inclusive of a trading, a savings bank, and a demat account.

An affiliate of the Indian private sector bank HDFC Bank, HDFC Securities Limited is a provider of financial services. Founded in 2000, HDFC Securities has offices in all of India’s major cities and villages. Its headquarters are in Mumbai.

In addition to offering stock brokerage services in india, HDFC Securities also serves as a distributor of financial goods. HDFC Bank purchased HDFC Ltd.’s interest in 2006, then in 2008 it acquired an additional 4% from Indocean eSecurities. At present, HDFC Bank is a primary company of HDFC Securities.

Brokerage

Category Brokerage Levied
Monthly Fee (Fixed) NA
Equity Delivery 0.50%
Equity Intraday 0.05%
Equity Futures 0.05%
Equity Options ₹100 per lot or 1% of the premium (whichever is high)
Currency Futures ₹23 per contract
Currency Options ₹20 per contract
Commodity Futures 0.02% for Intraday/ 0.025% for Positional
Commodity Options ₹100 per lot

 

Customer Ratings
Parameter Ratings
Research & Advisory 9.6 / 10
Brokerage Charges & Fees 8.9/ 10
Product & Services 8.8 / 10
Trading Platform 8.0 / 10
Broking Experience 8.5/ 10
Overall Rating 8.7/10
Customer Rating ★★★★

⦁ Edelweiss

The typical brokerage charge for all categories under the Nuvama Lite Plan is Rs. 10 per executed transaction. This strategy is a fantastic option for investors who wish to trade independently without needing the broker’s complete help. This plan excludes relationship manager services, and value-added services are also billed individually based on usage. Edelweiss biggest stock trader in india.

Nuvama Wealth & Investment Limited, formerly Edelweiss Broking Limited, was founded in 2008 and is a Mumbai-based full-service stockbroking business. The stockbroker enables investors and traders to trade and invest in all significant asset classes, including equity, debt, mutual funds, initial public offerings (IPOs), currency derivatives, commodities, and futures and options.

Category Brokerage
Monthly Fee (Fixed) NA
Equity Delivery Rs 10 per executed order
Equity Intraday Rs 10 per executed order
Equity Futures Rs 10 per executed order
Equity Options Rs 10 per executed order
Currency Futures Rs 10 per executed order
Currency Options Rs 10 per executed order
Commodity Futures
Commodity Options

 

Customer Ratings
Experience 9.0 / 10
Trading Platform 8.6 / 10
Product & Services 8.8 / 10
Brokerage Charges 9.5 / 10
Research 8.5 / 10
Overall Rating 9.61 / 10
Star Rating ★★★★★
Customer Reviews 3486

⦁ Sharekhan

Sharekhan levies the minimum brokerage of 5 paise per share for intraday trading. If the share price of your trade is Rs 50 or less, a minimum brokerage of 5 paise per share will be applicable. In the case of delivery based trading, Sharekhan charges minimum brokerage fee of 10 paise per share.

Sharekhan is considered among the top full-service stockbrokers in India. The BSE, NSE, MCX, and NCDEX’s equity cash and derivatives markets are serviced by the Mumbai-based trading platform Sharekhan. It also facilitates the exchange of products. Sharekhan also offers depository services, IPO investments, and mutual fund investments. Sharekhan’s cheaper brokerage option trading is a fantastic service. thats why it is in the list if top stock brokers of india.

Sharekhan was setup in 2000. The most exciting product offered by Sharekhan is “Pattern Finder”. It finds any trade chances by examining the chart patterns and screen flashes.

Brokerage

Category Brokerage Charges
Monthly Fee (Fixed)
Equity Delivery 0.50%
Equity Intraday 0.10%
Equity Futures 0.10%
Equity Options Rs 50 per lot
Currency Futures 0.10%
Currency Options Rs 30 per lot
Commodity Futures 0.03%
Commodity Options 0.03%

 

Customer Ratings
Experience 9.0 / 10
Trading Platform 8.6 / 10
Product & Services 8.8 / 10
Brokerage Charges 9.5 / 10
Research 8.5 / 10
Overall Rating 9.61 / 10
Star Rating ★★★★★
Customer Reviews 3486

Top Stock Brokers in India with Lowest Brokerage Charges

The most important consideration while choosing the finest stock broker in India is without a doubt – BROKERAGE. Brokerage refers to the amount one pays to avail the services of a broker. Discount stockbrokers take the lead in this situation. Discount stockbrokers are an option if you only need simple buying and selling of stocks and don’t need comprehensive services.

S.No. Stockbroker Brokerage
1 m.Stock Zero brokerage across all trading categories (999 Plan)
2 Kotak Securities Flat Rs. 20 brokerage for future & options trading
3 Zerodha Rs. 20 brokerage for intraday trading
4 Edelweiss Flat Rs. 10 brokerage across all segments
5 5Paisa Rs. 10 per trade order under Ultra Trader Pack
6 Angel One 0 brokerage for equity delivery
7 Motilal Oswal 0.02% for intraday equity trading and equity futures
8 Upstox Rs 20 (or 0.1% of each transaction) brokerage
9 Sharekhan 0.5% for share delivery and 0.10% for equity intraday
10 SBI Securities 0.50% for equity delivery and intraday

The rule is straightforward: the lesser the profit, the greater the brokerage. Therefore, it makes sense to contrast a stockbroker’s services with its brokerage. If the findings seem reasonable to you, you can decide to work with the stockbroker.

It is clear from the preceding table that m.Stock from Mirae Assets is at the top of the list for having zero brokerage in all trading sectors. Kotak Securities follows suit and charges a brokerage fee of 20 rupees.
Best Stockbrokers in India with Advanced Trading Platforms

Best Stock Brokers in India with Advanced Trading Platforms

An online trading system known as a trading platform uses computer software to carry out deals in a networked setting. Depending on the financial intermediary, trading platforms can be used for nothing or at a discounted price.

A platform that has a responsive user interface is a good choice for most traders and investors. They can make significant market investments and move quickly when a trend reversal is likely.

Even in spite of their higher charges, certain share brokers in India are attracting successful clients simply because of the awesome performance of their mobile trading features & applications.

Some of the finest examples include Zerodha, Groww, Angel One, Upstox, and ICICI Direct. According to experts, it is advisable to choose the best stockbroker in India that has the most features.

These platforms are well-known for their top-notch trading services. Traders enjoy Groww because of its app’s simplicity.

The Groww App’s user-friendly features are the icing on the cake. On the other hand, Zerodha Kite App and Angel One App stand out as the traders’ top choices.

However it appears that these two brokers are in direct competition with one another. Positive feedback is received for Zerodha and Angel One’s mobile trading apps.

S.No. Stockbroker Ratings
1 Zerodha 9.65
2 Groww 9.56
3 Angel One 9.25
4 Upstox 9.16
5 ICICIdirect 9
6 Kotak Securities 8.96
7 Sharekhan 8.78
8 Motilal Oswal 8.65
9 HDFC Securities 8.54
10 IIFL 8.45

Best Stock Brokers in India with Next-gen Research & Advisory Services

The stock market has an extremely complex and sophisticated mechanism. It may appear straightforward to buy and sell stocks, but the process is actually more difficult. To be successful, you must base your trading decisions on sound research and strategy each time you buy or sell a company’s stocks.

The best research and advising services should be offered by the stockbroker you choose, since doing so will enable you to select the most lucrative stocks for your investments. Additionally, it will provide complete market research and data retrieval for speedy and wise decision-making.

Having a stockbroker with best-in-class research & advising services is always a bonus, whether you are an active trader or investor, since you can dig deep into the stock market to provide insightful data.

The best stockbrokers in India with outstanding research & advising services are included in the following table.

S.No. Stockbroker
1 Zerodha
2 Groww
3 Angel One
4 Upstox
5 ICICIdirect
6 Kotak Securities
7 Sharekhan
8 Motilal Oswal
9 HDFC Securities
10 IIFL

Best Stock Brokers in India with Highest No. of Active Clients

The number of active clients a stockbroker has is another factor to gauge their popularity and performance. Most people hold the opinion that a stockbroker with the greatest number of active methods is a certain sign that the broker is very well-liked by traders and investors.

With the most active clientele, Zerodha is the finest brokerage in India. Groww, which surpassed Upstox by attracting more active clients than its rival, is in second place.

S.no. Stock Broker No. of Active Clients
1 Upstox 10 Million
2 Zerodha 4 Million
3 ICICIdirect 2 Million+
4 5Paisa 2 Million+
5 Sharekhan 2 Million+
6 Kotak Securities 1.2 Million
7 HDFC Securities 1 Million
8 Angel Broking 1 Million
9 Motilal Oswal 0.9 Million
10 IIFL 0.7 Million

Factors That Affect The Selection of No.1 Broker in India

If you are looking for the biggest stock broker in India or a broker with the lowest brokerage charges, it is necessary for you to be aware of the factors that can help you choose the best broking firm in India. Let’s look at these factors below.

⦁ Past performance of the broker

Conduct a thorough background research on the brokerage business before selecting the best stock broker in India. Examine customer feedback and reviews, and look into the company’s background, costs, and reputation. Making sure you have selected the finest stock broker requires thorough research into even the smallest details.

⦁ Trading Platforms

The Best Stock Broker in India would proivde a trading platform or software to enable stock trading online. It means that the platform you’re utilising ought to be simple to use, reliable, and quick. It is strongly advised that you first request a platform demo from the broker in order to receive the essential assistance for effectively using the programme.

⦁ Customer Service

A broker that offers exceptional customer care has an advantage over the competition and is regarded as one of the best brokers in India. Customers frequently pick brokers who answer their queries quickly. As a result, make sure the broker you select as the finest share broker in India is quickly accessible to give you the greatest service.

⦁ Regulation

In the unlikely case of a trading loss, proper regulation helps to guarantee that the forex broker is not unfairly taken advantage of. Additionally, it guarantees that your money and data are protected and that the broker adheres to industry standards. It is recommended that you select the top stock broker in India with a spotless regulatory history.

⦁ Trading Education

The instructional resources and trading tools offered by the broker are a crucial consideration when picking the top brokerage business in India. The vast majority of trustworthy internet brokers often provide free instructional resources, including as videos, articles, webinars, e-courses, and seminars.

FAQs

Who are stock brokers?

Stock brokers are individuals or firms that are entitled to buy, sell securities on behalf of their clients in exchange for a fee or commission. They are market agents who link the buyers to the sellers in a stock exchange.Stock brokers are market experts who are entitled to execute trade orders on behalf of buyers and sellers by serving as a middleman between them. Stock brokers are knowledgeable about the market and possess astute judgement on the best times to join and exit the market as well as the stocks to invest in. So, a few stock brokers could additionally offer services like portfolio management and investment counselling.

What does stock broker do?

Stockbrokers are mainly the middlemen. Stocks are bought and sold through stock exchanges such as the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and a majority of individuals who wish to trade stocks depend on brokers to perform trading on their behalf. Investors can acquire shares directly from their issuer, but they are unable to immediately buy or sell securities on a stock market. To trade stocks on their behalf, they must thus interact with individual brokers, broker-dealers, or stockbroker firms. They are in charge of offering financial advising services and investment management in addition to carrying out deals. However, one can only trade directly on exchanges if they are a member of a stock exchange or stockbroking organisation.

Who are best stock brokers in India?

Though every stock broker in India claims to be the best, it is entirely up to an investors’ choice which one he or she finds the best. The brokerage levied by the stock broker should be reasonable. A reasonable brokerage is a sign that the broker focuses on delivering more value to investors without paying too much attention to its commission. ⦁ The best stock broker in India or stock broking firm in India must have the advanced trading platforms. With the use of mobile trading platforms is increasing day by day, it is the need of the hour to invest in a good quality and user-centric mobile trading platform

Properties of Best Stock Broker in india?

The broker should exhibit high levels of commitment and it should reflect in all aspect of stock trading he does on behalf of its clients. ⦁ The best stock brokers in India provide strong, insightful, and value-based stock research and advisory services to their clients. ⦁ This plays a crucial role in establishing a long-term association between them and their clients. ⦁ The best stock brokers always endeavour to provide exceptional customer services. From having several touch points to providing round-the-clock support, they put their clients first and serve them remarkably through user-centric customer service.

Top 10 broker list brokerage charge wise

The top 10 stock brokers in India with the lowest brokerage charges are: 1) m.Stock 2) Kotak Securities 3) Zerodha 4) Edelweiss 5) 5Paisa 6) Angel One 7) Motilal Oswal 8) Upstox 9) Sharekhan 10) SBI Securities

Top 10 broker list client wise

According to the latest reports, the top stockbrokers with the higher no. of active clients are:
S.no Stock Broker No of Active Clients
1 Zerodha 6492902
2 Angel One 4381951
3 Kotak Securities 4288171
4 Groww 3873750
5 M.Stock 3524882
6 Upstox 3280628
7 ICICI Direct 2556857
8 Edelweiss 2225157
9 HDFC Securities 1063911
10 Sharekhan 765821

Top stock broker best app wise rating - add ratings from playstore

Since the ratings bagged by a stockbrokers indicate much about its popularity, here are the list of best stock brokers in with their ratings on Google Play Store.
S.no. Stock Broker No. of Active Clients
1 Upstox Pro 4.4/5
2 IIFL 4.4/5
3 Angel One 4.3/5
4 5Paisa 4.3/5
5 Fyers 4.3/5
6 HDFC Securities 4.3/5
7 Kite by Zerodha 4.2/5
8 Kotak Securities 4.1/5
9 Sharekhan 3.8/5
10 Motilal Oswal 3.6/5

What happens if broker goes bust?

In India, realistically speaking, nothing happens to your stocks and shares if your stock market broker fails. The stockbroking sector complies with SEBI norms and requirements quite effectively. Unfortunately, your trading account—rather than your shares or stocks—is the cause for concern. There are several steps you can take if you come to know that your stock broker has gone bust. In order to compensate investors in these situations, SEBI established something known as the Investor Protection Fund. Just be sure you file your claim for reimbursement on time. To be eligible for compensation, your claim must be submitted within three years.

How stock Broker safe?

India's SEBI has established stringent requirements for becoming a stockbroker. A significant admission fee must be paid, severe disclosures are required at SEBI's discretion, and there are ongoing audits and inspections for stockbrokers. Additionally, if the funds in a stockbroker's trading account are not utilised for three months, they cannot be used again. Without your prior approval, your stockbroker cannot perform transactions on your Demat account. In case there are any questions, keep a careful check on the transactions. Your stockbroker is required to provide you with your stock reports upon request at any time of the year.

Is it safe to trading?

It is completely safe to trade in stocks through a stockbroker. This is because the bought stocks are kept electronically in one of the two depositories – CDSL and NSDL. Indirectly, your stockbroker retains the securities as a depository participant (i.e., a CDSL or NSDL member). Since the securities are stored safely at the depository, you will be able to move your holdings to a different stockbroker of your choice if your current one fails. On the other hand, stockbrokers hold funds directly on behalf of their clients. Stockbrokers are required by SEBI to keep client monies in a separate client pool account. These money may only be used by the stockbroker to execute client transactions and investments.

How Trading is safe?

Similar to how the DICGC ensures the security of your bank deposits, the Investor Protection Fund (up to Rs. 25 lacs) ensures the security of your money held with your stockbroker in the event that your bank has financial difficulties. You have three years to submit a claim for compensation if your stockbroker fails to pay you. For information on how to file a claim for compensation, please see these NSE and BSE pages. Regarding claims resulting from expulsion/declaration of default of members, NSE sets a maximum limit of 25 lakhs per investor per defaulter/expelled member. In contrast, BSE offers protection up to Rs. 15 lakhs.

How can we trust broker?

If you plan to invest your money, you should confirm the legitimacy of the broker, brokerage house, or financial counsellor you are thinking about using. Thus, homework is required. In addition to the large number of con artists in the globe, many stockbrokers engage in dishonest practises.Online reviews may provide you with details about the broker.

are Stock brokers trustworthy

yes if you try this steps you can know about that, Simply conduct a search for the broker's or company's name to check if any reviews are available. You could come across reviews that are complimentary of the broker or business, or you might come across reviews that are critical of the broker or firm you're thinking of working with. In any case, you can get the chance to find out more about the broker's business practises and what to anticipate from using his or her services.

How many trading account a person can open?

In India, you are allowed to have as many Demat accounts as you do bank accounts. There is no restriction on the number of Demat accounts you may link to a PAN; you just link your PAN with each one. If you wish to have several Demat accounts, you must adhere to a few requirements. You must open each Demat account with a separate DP if you need to open more than one. The account holder must be different in order to open numerous Demat accounts with the same DP. Each Demat account you own carries its own fees. A Zero Brokerage Plan is an option as well. It is not necessary to create many trading accounts with numerous demat accounts.

 

Top 5 stock broker with fixed monthly brokerage.

Here are the top 5 stockbrokers in India that levy a fixed monthly brokerage.
S.No Stock Broker Plan
1 M.stock Rs. 999 and Rs.149 Plan
2 ProStocks Rs. 899/month for equity cash & FNO, Rs. 499/ month for currency FNO
3 SAS Online Rs 999 Equity Plan, Rs 999 MCX Plam Flat fee Plan
4 HDFC Securities 199,299,1999 & more.
5 Wisdom Capital Freedom Freedom 999/Month

How to choose best stock broker in India?

While selecting the best stock broker for your stock investments, it is necessary to pay attention to the following five factors. This would help you evaluate the performance of a stockbroker perfectly and take the decision accordingly. Before entrusting the stockbroker with your life assets, it is crucial to conduct a complete background check on them. Asking the stockbroker relevant questions such as how long it has been in business, how it has fared in the past, what its clients think of the company, and any other pertinent queries. The person will be able to learn more about the broker thanks to this.

How to Find Best Stock broker in India

Investors might benefit greatly from brokers who regularly update their systems with the newest technologies. Additionally, they are able to educate investors about new features and solutions while also adapting to their changing demands. It is essential to select a broker that regularly offers their clients a solid and dependable platform. It is crucial to find out the minimum amount that investors must have in their stockbroking accounts. Investors should select a broker who not only offers the best services, but also has a low minimum amount requirement so as to avoid taxing their monthly budget. This number varies from broker to broker. Since, a stockbroker offers its services in exchange of a certain amount which is called brokerage. For an investor, it is necessary to choose the no.1 broker in India that provides the optimum value to investors against the levied brokerage.