COMPARE STOCK BROKERS
SELECT THE BEST BROKER IN INDIA
COMPARE

Compare brokerage charges, account opening fees, platform features and more

Top 10 Stock Brokers In India

m.Stock Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 0

Equity Brokerage

Rs 0 for Delivery

Equity Margins

Up to 4x intraday (25%)& up to 5x MTF (20%)

Zerodha Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 300/year

Equity Brokerage

Rs 0 on Delivery & Rs 20 on Intraday

Equity Margins

20x intraday

Groww Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 0

Equity Brokerage

Rs 20 or 0.05% per order

Equity Margins

1x on Delivery & upto 5x on Intraday

Upstox Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Zero

Equity Brokerage

Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery

Equity Margins

Upto 5x on Intraday and Upto 1x on Delivery

Angel One Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 250

Equity Brokerage

Rs 20 or 0.03% per executed order

Equity Margins

Upto 10x for Intraday & Upto 3x for Delivery

Dhan Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 0

Equity Brokerage

Rs 0 for Delivery & Rs 20 or 0.03% for Intraday

Equity Margins

1x on Delivery & upto 5x on Intraday

Paytm Money Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Rs 200

Account Maintenance Charge

Rs 0

Equity Brokerage

2.5% or Rs 20 per executed order, whichever is lower

Equity Margins

Upto 4x for Intraday

5Paisa Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 300 per year

Equity Brokerage

Rs 20 per order

Equity Margins

Upto 5x for intraday & 1x for Delivery

Fyers Securities Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Rs 0

Account Maintenance Charge

Rs 0

Equity Brokerage

Rs 20 or 0.03% per executed order

Equity Margins

10x for Intraday

Sharekhan Full Details

Equity
Equity Futures
Equity Options
Commodity
Currency Futures
Currency Option

Account Opening Charge

Free

Account Maintenance Charge

Rs 400 per year

Equity Brokerage

0.03% for Intraday

Equity Margins

Upto 10x for Intraday & Upto 3x for Delivery

Find the Right Stock Broker in India

The Indian stock market is booming, but choosing the right broker shouldn’t be a problem. With over 100 SEBI-registered brokers, misleading ads, complex fee structures, and generic rankings, investors often end up with the wrong platform.

At Brokers Analysis, we don’t just list brokers—we decode them. We aim to do so by providing you with the resources, information, and knowledge to select the broker to suit your trading style and not a marketing campaign.

We do extensive research, but also actual user experiences and unbiased reviews to ensure that you make better, quicker, and more confident decisions.

Simplify Your Choice: Know the Broker That Works for You

Before diving into features or fees, start with the right type of broker:

Discount Brokers

Minimal fees. Maximum control. Most suitable for investors having interests in self-directed, low-cost trades; they want platforms that are not complex.

Full-Service Brokers

Get personal guidance, comprehensive studies, and relationship support, best suited to customers who want advice and who have large or longer-term portfolios.

What Is The Most Important Process In The Choice Of A Broker?

Brokers are not made alike, and you have special needs. That’s why we evaluate brokers on more than just brokerage charges:

  • Clarity of Pricing: We highlight brokers with no hidden fees, fair AMC, and clean, transparent structures.
  • Trading Experience: From app speed to design logic, we test platforms for real-world usability under live market conditions.
  • Tools That Matter: Forget the feature overload. We focus on usable tools, real-time data, intuitive charts, and smart screeners.
  • Support Quality: We actually check chat, email, and phone support because you need it most when things go wrong.
  • Regulatory Trust: Every broker we cover is SEBI-registered, but we also track complaint ratios and public sentiment.
  • Verified Reviews: Real users. Real reviews. No cherry-picking. We scan forums, app stores, and social platforms for unfiltered feedback.

What We Evaluate

Category Beginners What to Look For Pro Tip Features
Brokerage & Charges High Zero delivery brokerage, low AMC Avoid hidden fees. Check charges on small trades. Brokerage plans, account opening charges, AMC, call & trade fees, margin requirements.
Platform Experience High Simple UI, fast load times, clean dashboard Test the demo or app before signing up. App/web speed, reliability, mobile vs. desktop use, interface design.
Features & Tools Medium Basic charting and real-time data Start simple—avoid distraction from pro tools. Charts, screeners, indicators, research, news, custom views.
Customer Support Medium Chat or helpline in your language Ping support before signing up to test responsiveness. Speed, 24/7 support, language options.
Compliance & Credibility High SEBI-registered and BSE/NSE certified Search the broker’s complaints with SEBI to assess track record. SEBI registration, exchange membership, history, complaint stats.
User Feedback Medium App store and YouTube reviews from real users Don’t just trust 5-star ratings—read user comments. Real reviews, app store ratings, Reddit/forums feedback.

Not All Investors Think Alike—Neither Should Brokers

Different goals require different tools. We don’t believe in “best overall” claims. Instead, we help you find brokers that fit your unique trading personality.

  • The Budget Tracker: Looking for zero brokerage or low-cost trades? We’ll filter brokers that prioritize affordability.
  • The Long-Hauler: Planning for the long term? See who offers strong SIP options, portfolio tracking, and secure platforms.
  • The Speed Trader: Need lightning-fast execution and robust margin options? We spotlight tech-first brokers with minimal slippage.
  • The First-Timer: Looking for a broker that explains, educates, and supports? We recommend platforms that don’t overwhelm you.

Make Smarter Moves With Confidence

Brokers Analysis cuts the clutter, filters the noise, and puts reliable insights front and center. You don’t need to be an expert to make an expert decision.

The right broker isn’t just about low fees—it’s about the right fit for your goals. Start comparing now. Spend less time researching and more time investing.

Frequently Asked Questions

Do I need to have more than one trading account with various brokers?

Yes, having trading and Demat accounts with multiple brokers is permitted. Most investors do so to have the advantage of using different platforms, reduced commissions on specific trades, or to distinguish between long-term investment strategy and short-term trading plans. You simply need to ensure that you can handle them successfully.

Who is the best stock broker in India right now?

That is dependent on your needs. You can be well-suited to discount brokers like Zerodha or Upstox, provided you are price-conscious and have a high frequency of trade. When the investor seeks more personalised advice and a multi-asset portfolio, full-service brokers, like ICICI Direct or HDFC Securities, may be a good match.

What’s more important—brokerage fees or platform quality?

Both matter, but your choice should depend on your trading volume. For casual investors, a smooth platform with good support might be more valuable than low brokerage. For active traders, every rupee saved in fees adds up.

What hidden charges should I look out for?

Watch out for inactivity charges, call & trade fees, high AMC on Demat accounts, and steep margins on leveraged trades. We list all possible charges to help you make informed choices.

How often do brokerage plans or charges change?

The brokerage plans may vary depending on regulatory changes, competition, or new product initiatives. Brokers Analysis constantly monitors and updates any fee or policy changes the moment they become live, ensuring you have the most up to date information before you make your decision.

Do brokers offer any tools for goal-based investing or passive strategies?

Some brokers have also launched smart functions like SIPs in mutual funds, robo-advisory services, and goal-tracking dashboards. Full-service brokers have long controlled the category, but a tiny segment of tech-focused discount brokers is making inroads with AI-powered tools and pre-selected portfolios.

Recent Blogs