These are the Top Brokers to Check out as an Investor in India.
With around 8000+ companies listed on the Indian stock market, it is the world’s 3rd largest market. The stock market offers multiple opportunities for investors to make money by buying and selling shares of various companies. However, to trade in the stock market, you need a stockbroker. But how do you choose the best broker for trading in India? There are multiple brokers in India offering different types of services, charges, and features. To help you open a zero brokerage demat account, we have compiled a list of the top 6 stock brokers in India.
1. Groww – Best Share Broker in India

Groww tops the list of the top 6 stock brokers in India. It was established in 2016 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, former Flipkart employees.
It holds registrations with SEBI as a stockbroker, depository participant, and investment adviser.
Key features of Groww include low brokerage fees, set at Rs 20 per executed trade or 0.05% for equity, intraday, and F&O transactions.
Groww also offers zero-commission direct mutual funds. Under its cost structure, it follows a fixed brokerage model of Rs 20 per executed order for equity delivery, intraday, and F&O trades. This stock broker offers maximum transparency and charges capped at Rs 20 regardless of trade quantity or amount.
Additional charges include auto-square-off fees of Rs 50, along with various transaction, regulatory, and demat charges. Notably, there are no fees for mutual fund investments or redemptions.
2. Shoonya: Best Broker for Trading in India

Shoonya, ranked second on the list of the top 6 brokers in India, is a zero-commission discount broker. This makes it an exceptionally transparent and budget-friendly app suitable for all investors.
Shoonya stands out as the most economical choice with a zero brokerage demat account. It offers a user-friendly app and zero brokerage fees across various assets, including stocks, derivatives, currencies, commodities, direct mutual funds, bonds, and ETFs.
Open trading and Demat accounts at no cost, with no annual maintenance fees. Gain access to a diverse range of tools, such as TradingView charts, order slicing, bracket orders, option chains, and more. Enjoy transparent pricing without any hidden charges. Seamlessly trade on desktop, web, and mobile devices (Android and iOS).
Why Choose Shoonya?
- Accessible across multiple platforms for flexibility and speed.
- Utilises AI for stock market predictions.
- Offers Bracket and Cover orders to protect investments.
- Zero account opening charges and lifelong zero brokerage.
3. ICICI Direct

ICICI Direct ranks third among the top 6 stock brokers in India. ICICI Direct serves over 50 lakh customers within the ICICI Group.
It offers online trading services for equity, commodities, and currency at BSE, NSE, and MCX; it also provides a wide array of financial products.
Offers diverse brokerage plans. You can choose the Neo Plan, which offers flat-rate brokerage and brokerage-free equity futures trading.
ICICI Direct offers versatile fee structures. This starts at Rs 20 per trade for equity intraday and options and up to 0.55% brokerage for equity delivery. This flexibility caters to diverse investor preferences.
Why choose ICICI Direct?
- ICICI Direct provides stockbroking, insurance, investment banking, and wealth management services.
- Investors can access home loans, bonds, fixed deposits, IPO services, NCDs, and loans against shares.
Check out the best platform for intraday trading in India.
4. Zerodha

Zerodha secures a notable fourth position among the top 6 share brokers in India. Established in 2010 by Nithin Kamath, Nikhil Kamath, and Dr. Kailash Nadh, Zerodha pioneered online discount broking with a self-funded vision.
Registered with SEBI as a stockbroker, depository participant, and investment adviser, Zerodha maintains memberships with NSE, BSE, MCX, and CDSL. With advanced online trading tools, Zerodha prioritises technological advancement.
Zero brokerage fees for equity delivery and mutual funds, with a maximum charge of Rs 20 per trade, offer substantial savings compared to traditional brokers. Providing up to 20x leverage on intraday trading, Zerodha caters to a wide range of investor profiles.
Accessible across multiple platforms like Zerodha Kite, Coin, Varsity, Trading Q&A, Smallcase, Streak, Sensibull, GoldenPi, and Ditto.
Why Choose Zerodha?
- Transparent and cost-effective brokerage structure
- User-friendly trading platforms like Kite 3.0
- Zero brokerage for equity delivery and direct mutual funds, ensuring significant savings
5. Upstox

Upstox, positioned fifth among the top 6 stock brokers in India, commenced its journey in 2011. Operating under the regulatory purview of SEBI, Upstox holds licences as a stockbroker, depository participant, and commodity broker.
Upstox offers a comprehensive suite of products and services covering equity, commodities, futures and options (FnO), currency, IPOs, and more through its Upstox Pro Web and Upstox Pro Mobile trading platforms.
Notably, its Upstox Pro trading platform is acclaimed for its user-friendly interface, advanced charting tools, and efficient order execution.
In terms of fees and charges, Upstox follows a transparent pricing model, with charges varying based on the type of transaction, ensuring affordability and clarity for traders and investors alike.
Why Choose Upstox?
- Upstox Pro: Advanced and user-friendly trading platform.
- Diverse financial products and services for portfolio diversification.
6. Angel One

Angel One ranks 6th among the top 6 stock brokers in India. Established in 1987, it has a long-standing presence in the Indian market. Angel One is well-regulated by SEBI, boasting membership in major stock exchanges like NSE, BSE, MCX, and NCDEX.
It offers a range of financial products, including stocks, commodities, currencies, mutual funds, IPOs, etc. Their transparent pricing model is a notable feature, with brokerage charges capped at a maximum of Rs 20 per order across various
segments. For equity intraday, futures & options, currency, and commodity trades, the brokerage charges are either a flat Rs 20 or 0.25% of the transaction value, whichever is lower. There are additional charges like transaction fees, regulatory charges, and Demat charges on top of the brokerage.
Angel One’s trading platform is lauded for its user-friendliness. However, customer support seems to be an area where some users have raised concerns or suggested improvements.
Why Choose Angel One?
- User-friendly trading platform
- Transparent pricing with capped brokerage charges
- A comprehensive range of financial products
Conclusion :
Choosing the best broker for trading in India is a crucial decision for any investor or trader. There are many factors to consider, such as brokerage fees, trading platforms, customer service, product range, and more. Whether you are looking for a zero brokerage demat account, the best platform for intraday trading, or a diverse portfolio of financial products, you can find the best broker for trading in India from our list. Compare and choose the one that suits your needs and goals, and start your journey to financial freedom today!