Best Stock Broker In India

In this article, I’ll reveal Best stockbroker (Latest) as most of the people are chasing for opening a demat & trading account. If you think logically you are not just opening an account with a stockbroker. Actually, you are building a relationship which will help you to achieve your financial goals.

Read Our Article – Point To Keep In Mind To Choose Broker

Our expert panel team have done vast research to select the best broker for your trading & investment needs.

Best Stock Broker In India 2019

Zerodha

Zerodha reported in January 2019 it touched 8.47 lakh clients, becoming India’s top brokerage firm both by the number of active clients and the trading turnover on the exchanges. In 2014, Zerodha had 17,500 clients trading on the NSE. Zerodha beat down other top brokers likes of ICICI Securities, HDFC Securities, Sharekhan and Motilal Oswal.

Zerodha is a technology-focused stock brokerage firm founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. Zerodha achieved this mark by just under 10 years.

9.2
Brokerage
9.5
Platform
9
Margin
8
Costumer Support
7.5
Reliability
8.5
+ Positives:
  • Free Investment (No Delivery Brokerage)
  • Free Mutual Fund Direct Investment
  • Advanced Charting and UI
  • Offer 3 in 1 Account
  • Low Brokerage & Charges
- Negatives:
  • Support is not up to marks
  • Server Down issue during volatility

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Upstox

Upstox gives you better service than any other discount broker. All discount broker is going with the same concept but Upstox provides an extra edge. you’ll never become wrong if you choose it over zerodha. Actually, zerodha first came into existence that’s why it’s established.

There are many benefits of trading with Upstox over any other brokerage firm in India. You can read our detailed review In Upstox.

Upstox try to overcome the problem we were facing at Zerodha. Upstox also funded by World investor Mr. Ratan Tata. Upstox is known for the world-class trading platform. However, Upstox offer you features such as margin trading, which allows traders to leverage their cash and trade in a much larger amount. In Margin Trading Facility you get funding from Upstox, Suppose you have 50,000 money in your upstox account & you can purchase stocks up to 1 lakh rupee in delivery. This facility is not available with any discount broker at such a discounted rate.

Upstox allows you to place ZERO brokerage trades for Equity delivery and only charges ₹20 (Maximum) for other segments such as Futures, Commodity, Currency etc.

9.1
Brokerage
9.5
Platform
9
Margin
8
Costumer Support
7.5
Reliability
8.5
+ Positives:
  • Fully digitized sign-up process
  • All exchanges in one platform
  • Most liked trading app with 4.4* rating
  • Precise and fast market data.
  • Zero Delivery Brokerage
  • Bracket order in MCX available
  • Free Mutual Fund Investment
  • Stable & reliable platform
  • Advanced Charting and Options Trading
  • Offers NRI trading

Upstox Pro is a free web-based trading platform that facilitates trading across all segments from one platform Upstox Pro offers excellent charting features with access to Charts of multiple shares at one time.

Upstox Pro mobile app on Google Play store is also highest rated (4.4 Star Rated) App compared to its peers. In case if you use to trade over mobile then Upstox can be a better option for you.

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Sharekhan

Incorporated in February 2000, Sharekhan charges much more than its competitors but provide fantastic trading platforms, Mobile apps, Education Platform, branch network & much more. You can also read our review of Sharekhan.

Sharekhan doesn’t offer 3-in-1 account as they don’t provide banking services. They brokerage charges are % based which are higher in comparison to flat fee brokers.

The main problem we face is that higher broker & other charges all Margin profit goes to sharekhan. If you haven’t a problem with Brokerage then you can also opt for Sharekhan.

9.1
Brokerage
9.5
Platform
9
Margin
8
Costumer Support
7.5
Reliability
8.5
+ Positives:
  • Fully digitized sign-up process
  • All exchanges in one platform
  • Most liked trading app with 4.4* rating
  • Precise and fast market data.
  • Zero Delivery Brokerage
  • Bracket order in MCX available
  • Free Mutual Fund Investment
  • Stable & reliable platform
  • Advanced Charting and Options Trading
  • Offers NRI trading
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5paisa

5paisa is Mumbai based Premium Discount Broker offers Online Trading in Stock Markets & part of India Infoline (IIFL). 5paisa is a  discount stock broker provide a wide variety of products as a stock market investment, Mutual fund, Insurance & much more. 5paisa charges a flat fee of Rs.10 per trade but point to keep in mind is that they didn’t provide free delivery trades.

Even customer service support needs to be improved but if you are looking for lowest brokerage for your trades then definitely 5paisa can be a better option for you.

8.6
Brokerage
9.8
Platform
7.5
Margin
8.6
Costumer Support
7
Reliability
8.8
+ Positives:
  • Lowest Brokerage
  • Provide a wide variety of service
  • Backed by IIFL
- Negatives:
  • No Real-Time Data (Website is extremely Slow to respond)
  • High Offline Order Placing Charge (Rs. 100)
  • Mobile App needs improvement
  • Other Higher Charges
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Icicidirect

In ICICI Direct you get a single 3-in-1 integrated account-interlinking Demat, Savings, and Broking accounts-spells ease and convenience. Your ICICIdirect e-Invest account is more than a brokerage account. It offers you a unique 3-in-1 feature, which integrates your Brokerage, Bank and one or more Demat accounts.

Icici direct charges 0.55% brokerage which is highest in stockbroker Industry but you can’t deny that in return they do provide the best service & amazing platform but still 0.55% is enough to eat your profit because you also have to pay GST on charges on this brokerage which also lead to higher GST due to Higher brokerage. You will be guided at every step by Relationship managers and Equity advisors.

8.5
Brokerage
9.5
Platform
9
Margin
8
Costumer Support
7.5
Reliability
8.5
+ Positives:
  • Advanced & also Reliable Trading Platform
  • Dedicated Research & Advisory services
  • Offer 3 in 1 Account Services
  • Invest in Mutual Funds, G-Securities Bonds, and Postal Savings Schemes from one platform.
  • Shares as Margin- You can trade using your demat holding as a margin.
  • Margin Trading Facility for Upto 3X
- Negatives:
  • High Brokerage
  • Don't Offer Commodity Trading
  • Penalty for non-maintenance of minimum monthly
  • Every month Customer has to pay ₹ 75 for using trading terminal if the brokerage is less then ₹ 750 per month.
  • Minimum brokerage is ₹ 35 per trade
  • After first 20 free calls charges ₹ 25 per call for call & trade

However, I do appreciate their platform only problem is with Brokerage & higher charges.

These above-mentioned brokers are the best stock broker in India. In case if you are looking for customized broker use our advanced filter & Stock broker comparison platform

In case, if you are looking for our free expert advice for broker advice, you can arrange a call back directly.

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