15 Best stock broker in India

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1. Zerodha
Zerodha is right now the biggest and the best stock broker in India with over 4 million clients that make up the +15% of daily retail trading volumes on Indian stock exchanges. This company was Started in 2010, It created the concept of the discount brokerage in the Indian market with a no brokerage fees for investors and a flat Rs 20 per trade brokerage fees or charges for the intraday and other kind of trades.Mostly Zerodha, is being the largest discount broking firm right now in India.

Here are a few key points and features to know about Zerodha stock broker:
1. Long term investment/Delivery Brokerage Charges: Rs 0

2. Mutual fund investments: ZERO Brokerage

3. Intraday Charges: 0.01% or Rs 20 per executed trade (whichever is less)

4. Account opening charge: Rs 200 (Additional Rs 100 for Commodity Account)

5. Annual Maintenance Charge: Rs 300

6. Services: Equity, Derivatives, Currency, Mutual Funds & Commodities

2. ICICI Direct
The ICICI Direct usually known as a part of ICICI Securities ranks number 1 in the full-service stockbrokers’ list. It was launched by the leading private financial services provider ICICI Group which has been in use since 1994. It provides the high-quality and customized services However, ICICI Direct is one of the most visited and used trading platforms in India. The reason why a lot of investors and traders would want to trade through this company is that they not only provide the general stockbroking products and services but also a huge range of insurance products, financial distribution products, investment banking, institutional trading, wealth management services.

Here are a few key points and features to know about ICICI Direct:
1. Delivery Brokerage charges: 0.15% – 0.25%

2. Intraday Brokerage Charges: Rs 15 per trade

3. Futures/Options/Currency/Commodity Charges: Rs 20 per trade

4. Margin Funding: 8.9% pa

5. Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, FD, Bonds, NCDs, ETFs

3. HDFC Securities
HDFC Securities Limited is a subsidiary of the most popular largest private sector bank and has been in the market for the last two decades. The company is named as one of the topmost full-service stockbrokers of India and has its headquarter in Mumbai with more than 270 offices and branches across the country. This company is Known for its services to a variety of clients and professional traders with online as well as offline trading services.

Here are a few key points and features to know about ICICI Direct:
1. Delivery charges: 0.07%-0.32% on transaction value

2. Intraday Charges: 0.40%- 0.15% on transaction value

3. Account opening charge: Rs 999

4. Annual Maintenance Charge: Rs 750 (Second year onwards)

5. Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, ETFs, Bonds, FDs, Insurance

4. Angel One:
Angle one is a big brand having +30 Years of experience in the stock broking world and +1 million happy customers. They have a presence in over 1800+ cities in India. Angel one offers the trading facility in Equity, F&O, Commodities, and currency across BSE, NSE, NCDEX & MCX. Although Angel One worked as a full-service broker and offered a percentage brokerage charge to its clients for over two decades. Angel One now offers a flat rate brokerage plan, named ‘Angel iTrade PRIME’. Here, the delivery trading is FREE of cost. And for all other segments i.e. Intraday, F&O, Currencies & Commodities, they charge a fixed rate of ₹20 per. The same simple rate is applicable across exchanges and segments.

Angel Broking Brokerage Charge:
1. Delivery charges: Rs 0

2. Intraday Trading: Flat ₹20 Per Trade

3. Equity F&O: Flat ₹20 Per Trade

4. Currency F&O: Flat ₹20 Per Trade

5. Commodity F&O: Flat ₹20 Per Trade

Account Opening Charges with Angel Broking:
1. Account opening charge: Rs 0 (Currently Waived)

2. Annual Maintenance Charge: Rs 450 (Second year onwards)

5. 5Paisa
5Paisa is a part of IIFL (India Infoline) and best known for offering the cheapest stock brokerage in India. IIFL launched 5Paisa to offer a lower brokerage platform for its and to make a place in a good type of discount broker. Services offered: Apart from trading in equity, Currency, commodity, 5Paisa also offers its services in mutual funds, Insurances and Personal loans.

5Paisa Brokerage charges
5Paisa offers free trading in equity and flat brokerage in other segments.
Here are the brokerage charges offered by 5Paisa:
1. Delivery Trading: Rs 20 per trade

2. Intraday Trading: Rs 20 per trade

3. Equity Futures: Rs 20 per trade

4. Equity Options: Rs 20 per trade

5. Currency Futures: Rs 20 per trade

6. Currency Options: Rs 20 per trade

6. Upstox
Upstox is a fast-growing discount broker, holded by a group of leading known investors including Kalaari Capital, Ratan Tata, GVK Davix, etc. It is also known as RKSV. Upstox started as RKSV in 2012 and rebranded to Upstox in 2015. Also from a report it is stated that upstox has highest holding of the BSE and NSE stocks.

Services offered: Upstox offers trading services in equity, currency, and commodity

Upstox Brokerage charges
With trading in Upstox, equity delivery trades are free of cost. For intraday trading on BSE, NSE and MCX, and F&O it is 0.05% or up to Rs. 20 per order traded. Irrespective of the order size, the brokerage cost is only Rs. 20 per order traded.
1. Delivery Charges: Rs 0

2. Intraday Trading: Rs 20 per executed trade or 0.05% whichever lower

3. Futures Trading Charges: Rs 20 or 0.05% (whichever is lower) per order

4. Options Trading Charges: Rs 20 per trade

7. Sharekhan
Sharekhan has been one of the top three stock brokers in India. The journey of Sharekhan has been quite interesting from starting part of the SSKI Group and then to a BNP Paribas subsidiary which has been very exciting for not only the investors but also the traders. It is the first stockbroker in India to introduce an online trading website sharekhan.com. The finest investment platform provides a wide range of products and services namely stock quotes, news alerts on the share market, fundamental and analytical research reports on equity, mutual fund investments, IPOs and many more.

1. Intraday Brokerage Charges: 0.1% on the buy side and 0.1% on the sell side

2. Delivery Brokerage Charges: 0.5% on the buy side and 0.5% on the sell side

3. Futures Brokerage Charges: 0.10% on the first leg, 0.02% on the second leg if it is squared on the same day

4. Options Brokerage Charges: Rs 50 per lot or 2.5% on the premium

5. Account opening charge: Classic Account: 750, Trade Tiger Account: 1000

6. Annual Maintenance Charge: Rs 400 (Second year onward)

7. Multiple Brokerage charges depending on the requirement.

8. Offers offline training, workshops, etc

8. Motilal Oswal
With over 20+ years of experience in trading and investment, spread over 500+ cities and comprising 2,200+ Business Locations, Motilal Oswal is one of the most reputable stock brokers in India. Mr Motilal Oswal and Mr Ramdeo Agrawal are the two major people behind this Indian stock market who have focused on providing high-quality research based stock recommendations to their clients and today they are big players in the stock market and are one of the largest stock-broking firms in this industry.

1. Delivery charges: 0.50% on transaction value

2. Intraday Charges: 0.05% on on transaction value (Both side)

3. Account opening charge: Rs 0

4. Annual Maintenance Charge: Rs 400 (From 2nd Year onwards)

5. Services: Equity, Derivatives, Commodities, Currency, IPOs, Mutual Funds

9. Kotak Securities
Started in 1994, Kotak Securities Ltd is a subsidiary of Kotak Mahindra Bank with presence in 360+ cities. Ranked among the top five full-service brokers and they also account for one of the stockbrokers who provide a 3-in-1 account facility, Kotak Securities Limited is acclaimed to be unconventional when it comes to delivering unique services to their clients.

10. India Infoline (IIFL)
Incorporated in 1995, India Infoline (IIFL) has a wide network of over 4,000+ branches spread over 900+ cities across India. This is also known as the parent company of 5Paisa securities (discount broker). IIFL is a well-trusted financial service provider in India which usually offers fast online trading along with research-based advisory services. It offers services to invest and trade in Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds, etc.

1. Account Opening Charges: Rs 250 (Currently waived off)

2. Demat AMC: Rs 250 (Free for the first year) IIFL offers multiple brokerage plans like Investor Plan (Online Plus), Premium Plan (Dedicated RM) and Super Trader Plan (Pro Traders).

3. Delivery charges: 0.10% – 0.25%

4. Intraday Charges: 0.025% – 0.05% (0n both sides)

4. Futures Charges: 0.025% – 0.05% (0n both sides)

5. Options Charges: Rs 10-50 per lot

6. Services: Stocks, Derivatives, Commodities, Insurance, FD’s, Loans, Bonds

11. SBICap Securities (SSL)
SBICAP Securities Limited (SSL) is one of the popular names in the stockbroking industry who are listed amongst the few large full-service stockbrokers that offer 3-in-1 account facilities which is the same as the Kotak securities. It is among the leading groups from the known Broker’s lists.

Account opening charge: Rs 850

Annual Maintenance Charge: Rs 500

Delivery charges: Higher of 0.50% or 5 Paisa per share

Intraday Charges: Higher of 0.15% of 5 Paise per share

Services: Equities, Derivatives, Currency, Mutual Fund, IPOs, ETFs, Bonds, FDs, Insurance

12. Choice
Choice Brokerage Charges – Choice offers free Demat account with lowest dp charges and free first year AMC. Below is the list of brokerage charges charged by Choice.

1. Intraday Trading: 0.02%

2. Delivery Trading: 0.20%

3. Equity Futures: 0.02%

4. Equity Options: Rs 25 per lot

5. Currency Futures: Rs 20 per lot

6. Currency Options: 0.02%

13. Trade Smart
Trade smart is a Mumbai, India-based discount broker good for traders and investors looking for low brokerages, high margins, and a fast trading platform. Unlike most discount brokers, Trade smart online is not a recent setup. It is a part +25 years old VNS Finance & Capital Limited, which is a traditional broker in India. It has over 50,000+ happy customers, averaging a daily turnover of over Rs. 5000 crores

Services offered: Trade smart online offers brokerage services in stock, futures & options, commodity, and currency trading segments.

14. Paytm Money
Paytm received approval from the SEBI in 2019 in order to enter the discount stockbroking segment After gaining traction post demonetization the online payments platform offered banking services, mutual fund, SIP, pension products.

Account Opening Charges: Rs. 200 – One-time Digital KYC + Rs 300 Account Opening Charges

Depository AMC: Zero Annual Maintenance Charges for your demat account.

Delivery Charges: Rs 0

Intraday Charges: Rs 10 per trade

Futures and Options Charges: Rs 10 per trade

15. Groww Groww is one of the fastest-growing investment platforms in India. Groww is the brand name for Nextbillion Technology Private Limited – a SEBI registered stockbroker and a member of NSE and BSE.

The following table sheds light on the rates applicable:
1. Account Opening Charges: Rs 0

2. Annual Maintenance Charges: Rs 0

3. Brokerage Charges: Rs 20 or 0.05% per executed trade (Whichever is lower)

Conclusion- you can choose from the above list ,which best suits your requirements.

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