Top 10 Stock Brokers in India and their Services
The historical evolution of the Indian market shows that the stock market has shown outstanding performance in the recent past with effects from retail investors, technological aspects, and development of new products. There lies the evolution of this market where stockbrokers play the role of the middle men between the investors and the stock exchange. Selecting the proper broker is significant for traders and investors, specifically since it defines the trader’s experience, cost, and profitability. In this blog, which will be a list of the best 10 brokers in India, we will also discuss the specialization, major services, and advantages that could help the brokers to survive in this highly competitive market.
Top 10 Stock Brokers In India
Top 10 Best Stock Brokers In India
1. Paytm Money
Overview:
Paytm Money, a subsidiary of One97 Communications (the parent company of Paytm), is a prominent discount broker in India. Launched in 2017, it offers a digital-first approach to investing, providing services in stocks, mutual funds, IPOs, and more. The platform is known for its user-friendly interface and cost-effective pricing, making it appealing to both novice and experienced investors.
Key Features:
Brokerage Charges:
Equity Delivery: ₹0 for users who joined before August 5, 2022; ₹15 for those who joined between August 5, 2022, and August 25, 2023; ₹20 for new users post-August 25, 2023.
Equity Intraday & F&O: ₹10 per order for users who joined before August 5, 2022; ₹15 for those who joined between August 5, 2022, and August 25, 2023; ₹20 for new users post-August 25, 2023.
Account Opening & Maintenance:
Account Opening Fee: ₹200 (one-time KYC charge).
Annual Maintenance Charges (AMC): ₹0 for both Demat and Trading accounts.
Investment Options:
Direct Mutual Funds (zero commission).
National Pension System (NPS).
Digital Gold.
Initial Public Offerings (IPOs).
Trading Platforms:
User-friendly mobile app and web platform.
API access for automated trading.
2. Rupeezy
Overview:
Rupeezy is a trusted stock broking company that has earned the confidence of lakhs of traders over the past two decades. As one of the leading stock brokers in India , Rupeezy provides a tech driven platform that offers a seamless trading experience for both equity investors and options traders. With Rupeezy, investors get access to 1500+ mutual funds.
Key Features:
- Low-Cost Brokerage: Enjoy 0 brokerage on equity delivery, Rs 20 or 0.03% (whichever is lower) for intraday trades, and Rs 20 per order for F&O and Commodity.
- Combined Ledger: Trade seamlessly b/w NSE, BSE & MCX using a single ledger, pledge shares and trade in commodities.
- Advanced Features: Manage positions from charts, one tap auto hedge and reduce margin, exit all positions with one click, instant withdrawal, bracket orders and more
Why Choose Rupeezy?
Rupeezy offers low-cost brokerage, advanced tools, and seamless trading, making it ideal for all traders and investors.
3. BlinkX by JM Financial Services
Features:
- 0-brokerage trading across segments like Equity, NSE F&O, IPO and Currency.
- BlinkX has curated pricing plans keeping different needs of traders in mind starting from ₹249 for 2 months.
- Unlock features dedicated to Options trading like live Option Chain, 50+ Scanners, Technical Indicators, Flash Trade, Options trading recommendations, Order Slicing and low-cost Options contracts.
- BlinkX is a steady platform for high-volume trading, offering fast and seamless order execution even in volatile markets.
- They offer research recommendations (60% accuracy) in Equity and Options by industry experts from JM Financial.
- Trade from different platforms like their mobile app and web platform.
User Statistics
1M+ app downloads with a rating of 4.5 stars on Google Play.
Why It’s Popular
BlinkX is known for their 0-brokerage trading benefits. They also recognise the needs of advanced traders and empower them with relevant tools to stay ahead in the markets. Their team of experts, backed by years of industry experience, will help you navigate the markets with confidence. You can download the app on iOS and Android.
4. Shoonya By Finvasia
When it comes to saving money while trading, Shoonya deserves its place in the top 10 stock brokers in India.
Overview
Shoonya by Finvasia is quickly making its name among the top 10 stock brokers in India. Known for its transparent pricing policy, the platform offers a lot.
What makes it even more impressive is that it charges absolutely nothing for account opening, annual maintenance, API access, or even auto square-offs.
With access to equity, mutual funds, IPOs, ETFs, bonds, and more, Shoonya is becoming one of the best stock brokers in India.
Key Features
Honest Pricing: It offers zero brokerage on equity delivery, mutual funds, ETFs, bonds, and IPO investments with no account opening fees, no AMC, and no hidden charges.
Market Segments: Shoonya is one of the most affordable trading platforms in India, offering a user-friendly trading experience with access to all market segments. Stocks, bonds, IPOs, mutual funds, currencies, commodities—you get it all.
API Trading: Shoonya also offers free and advanced APIs for automated trading strategies.
Why Should You Choose Shoonya?
If you’re looking for one of the top brokers in India who helps you save every rupee on charges, Shoonya is a perfect match. It lets you enjoy zero brokerage on all equity delivery trades on NSE and BSE.
It’s ideal for students, housewives, Kickstarters, working professionals, and even senior citizens. Its seamless experience, cost-efficiency, and powerful tools make it one of the best brokers in India today.
5. Upstox
Overview:
Another very popular discount Stock broker in India is Upstox which was earlier known as RKSV Securities and have big investors including Ratan Tata and Tiger Global. Upstox was developed in the year 2011 and has been growing fast in terms of clients owed, majorly because of their cheap and efficient platform.
Key Features:
- Competitive Pricing: Upstox doesn’t charge any brokerage on equity delivery trading and INR 20 per trade for intra-day trading, F&O, Currency, and Commodity.
- Advanced Trading Platforms: The Upstox Pro Web and Upstox Pro Mobile have many charts, indicators, and easy order entry systems incorporated with them.
- API Trading: It provides API based service for trading that a professional programmer can use and design his / her trading strategies.
Why Choose Upstox?
Upstox is excellent for the traders who are focusing on low brokerage charges apart from getting powerful trading tools and support.
6. Angel One
Overview:
Angel One earlier known as Angel Broking is one of the oldest and trusted full-service top stock brokers in india in the country. The company started its business in 1987 and it provides facilities in shares, stocks, futures and options, mutual, bond and many more.
Key Features:
- Full-Service Brokerage: Besides the regular trading services, Angel One offers advisory services, online portfolio management besides research reports.
- Digital Transformation: The Angel One App is quite user-friendly for trading with facilities like ARQ Prime, which is an investment engine based on certain set rules and comes up with the best stock to invest.
- Extensive Research: It has daily reports and companies and stock recommendations, among other features, which differentiates it from other brokers.
Why Choose Angel One?
Deployed for the investors, who like a synergistic combination of personal touch and digital interface, Angel One offers one of the best propositions to cater to both.
7. ICICI Direct
Overview:
ICICI Direct is a technical terminal of ICICI Securities which is a part of ICICI Bank Ltd one of the premier Private Sector Banks in India. ICICI Direct also has a number of full-service brokerage houses that offer several products in the likes of equities, derivatives, mutual funds, and fixed deposit insurance among others.
Key Features:
- Integrated 3-in-1 Account: This is because ICICI Direct presents a 3-in-1 trading account where a trading , demat and bank account is also integrated into it.
- Research and Advisory: Some of the service offerings include research reports, investment tips and advice among others.
- Advanced Trading Platforms: They have a variety of traders’ platforms; Markets App, ICICI Direct Trade Racer, and web trading, which suits various classes of investors.
Why Choose ICICI Direct?
For every investor looking for a full-service stock broker with strong research, advisory and offers 3-in-1 trading account ICICI Direct is an ideal fit.
8. Kotak Securities
Overview:
Kotak Securities Limited is a full service broking company and a subsidiary of Kotak Mahindra Bank which was started in the year 1994 currently working in product segments consisting of Equities, Derivatives, Mutual fund and Portfolio Management Services.
Key Features:
- Free Intraday Trading: Kotak Securities is free during intraday and In F&O segment, it charges only Rs. 20 per order.
- Comprehensive Research: Based on a discussion with the broker, the broker is equipped with research reports, investment recommendation and portfolio management services.
- Multiple Trading Platforms: Kotak Securities provides trading terminals which are available in mobile, application, and web based versions namely the Kotak Stock Trader App, KEAT Pro X and web trading terminal.
- Kotak Neo Service: It provides Brokerage free services to new traders in both delivery and F&O segment.
Why Choose Kotak Securities?
With Kotak Securities, investors can find all the basic services in one place where they can invest at a reasonable cost while getting comprehensive research assistance.
9. Motilal Oswal
Overview:
Motilal Oswal Financial Services is a leading full-service one of the biggest stock brokers in india company in India which is particularly famous for their depth research and a plethora of investment products. Established in 1987, the firm has focused on individual attention and completely research-based solutions.
Key Features:
- Research Excellence: Motilal Oswal is one of India’s most trusted stock broking companies which is famous for its research notes and investment plans.
- Portfolio Management Services: He introduces a high quality portfolio management service for high net worth individuals (HNIs).
- Multiple Trading Platforms: Mo is offering several trading platforms, namely the MO Investor application and the MO Trader application to suit the needs of the different traders.
Why Choose Motilal Oswal?
Motilal Oswal is good for those investors who are looking for a brokerage firm who emphasizes on the research based approach to investing and who offer both the investment products and services that target specific needs of customers.
10. Axis Direct
Overview:
Axis Direct: It is the stock broking division of Axis Bank which provides Investing services such as Stock, Derivatives, mutual funds, IPO etc. Some other features that have made it gain a competitive advantage include offering user-friendly platforms and undertaking research services.
Key Features:
- 3-in-1 Account Advantage: Axis Direct has a bundled trading account, dematerialized account and bank account called as 3 – in – 1 account.
- Comprehensive Research: The broker gives a list of available stocks, market outlook, possible stock to buy and how to invest depending on the account type.
- Multiple Platforms: For a different category of investors, Axis Direct has a website facility, mobile application and lastly a top-notch trading desk.
Why Choose Axis Direct ?
It is particularly appropriate for the Investors who seek a 3-in-1 account service besides research support and user-friendly trading platforms.
Comparison of Top Stock Brokers in India
| BROKER | TYPE | SEGMENT | Zero Brokerage |
| Paytm Money | Discount Broker | Equity, Futures, Options | Only Cash |
| RUPEEZY | Discount Broker | Equity, Commodity, Options, Futures | Only Cash |
| BlinkX by JM Financial Services | Discount Broker | Equity, Commodity, Currency, Options, Futures | Cash, NSE FnO, IPOs & Currency |
| ANGELONE | Full Service Broker | Equity, Commodity, Currency, Options, Futures | Only Cash |
| ICICI DIRECT | Full Service Broker | Equity, Commodity, Currency, Options, Futures | Only Cash |
| Shoonya By Finvasia | Discount Broker | Stocks, Bonds, Mutual Funds, IPOs, ETFs, Commodities, Currencies, F&O | All equity delivery trades on NSE and BSE |
| KOTAK SECURITIES | Full Service Broker | Equity, Commodity, Currency, Options, Futures | Cash & FnO in NEO |
| UPSTOX | Discount Broker | Equity, Commodity, Currency, Options, Futures | Only Cash |
| MOTILAL OSWAL | Full Service Broker | Equity, Commodity, Currency, Options, Futures | Only Cash |
| AXIS DIRECT | Full Service Broker | Equity, Commodity, Currency, Options, Futures | Only Cash |
What Sets the Top Stock Brokers Apart?
India is home to hundreds of stockbroking firms, but only a handful consistently maintain a leadership position. These top brokers differentiate themselves through:
1. Advanced Trading Platforms
The best brokers invest heavily in technology. Their platforms are user-friendly, fast, and packed with features such as:
Real-time data streaming
Technical charting tools
AI-powered insights
Mobile and desktop access
Seamless order execution
2. Low and Transparent Brokerage Fees
Competitive pricing is a major factor. Top brokers offer:
Zero or flat-fee brokerage for equity delivery
Minimal charges for intraday and F&O trades
No hidden fees, ensuring complete transparency
3. Robust Research and Advisory Services
Leading stock brokers provide access to:
Daily market reports
Technical and fundamental analysis
Stock recommendations
Portfolio advisory services for long-term investors
4. Diverse Investment Options
Top brokers allow clients to invest across multiple asset classes including:
Equities
Derivatives (Futures & Options)
Commodities
Mutual Funds
IPOs
Bonds and ETFs
5. Seamless Account Opening
A key reason behind their popularity is the quick and paperless onboarding process. Using e-KYC, users can open a Demat and trading account within minutes.
Key Services Offered by Leading Brokers
1. Demat and Trading Accounts
All major brokers provide integrated Demat and trading accounts, making it easy to buy, sell, and hold securities from one platform.
2. Margin Trading Facility (MTF)
For seasoned traders, top brokers offer margin trading — enabling clients to leverage their capital and take larger positions.
3. API Trading & Algo Support
With the growing popularity of algorithmic trading, premium brokers offer APIs and support for building custom strategies.
4. Mobile App Functionality
Today’s investors prefer trading on the go. The top brokers offer mobile apps with:
Real-time alerts
Voice-enabled search
Personalized dashboards
5. Customer Support & Community Engagement
Support channels such as live chat, WhatsApp assistance, and educational webinars are now standard offerings. Leading brokers also build strong communities through:
Social trading platforms
Investor education programs
Online forums and blogs
Why Choosing the Right Broker Matters
Selecting the right stock broker isn’t just about low fees — it’s about reliability, tools, and education. A broker that aligns with your investment goals can:
- Enhance your returns
- Minimize risks
- Simplify your trading experience
- Provide long-term portfolio guidance
Whether you’re a beginner investor or a seasoned trader, choosing a top-tier broker with comprehensive services can make a significant difference.
There are many brokers available in India providing Top notch services in Stock market or any other financial market. Top 10 Stock Brokers In India It completely depends upon the traders or investors to choose according to their convenience and requirements. There are brokers like Kotak Securities who provide services like Kotak Neo which gives a brokerage free facility for new age traders or beginners. And at the same time there are brokers like zerodha and upstox charging money for every possible service to give hassle free experience. It is recommended that traders must look through different brokers before choosing one.
Also Read: Best Discount Brokers in India
Who is India’s No. 1 stock Broker?
According to the active client base Zerodha is the one of the best in Top 10 stock Brokers in India.
Which is the Zero Brokerage broker in India?
What is the role of a stock broker?
When a retail trader places an order it is the broker who sends it to the exchange and executes the trade and settles the order. To provide all these services they charge a premium called Brokerage.
Can I have two Demat Accounts?
There is no are no specific limitations on having multiple Demat Account. You can have it through multiple brokers but you must link it with your Permanent Account Number (PAN) so that data can be fetched by central and SEBI.
