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Top 10 Stock Brokers in India 2025

by Admin - 2025-03-03

The stock market in India has expanded remarkably because of digitization and technological advancement, together with increased retail investor participation, expanding investor opportunities. Your trading success depends heavily on selecting the appropriate broker because this decision determines profitability levels and trading efficiency. Let’s consider the top 10 stock brokers in India that are shaping India’s investment ecosystem in 2025.

Top 10 Stock Brokers in India

RankBroker
Active Clients
Ratings
Create Account
1
Zerodha
7,287,150
4.8/5
Open Account
2
Groww
9,538,609
4.7/5
Open Account
3
Angel One
6,111,879
4.6/5
Open Account
4
Upstox
2,516,650
4.6/5
Open Account
5
ICICI Securities
1,845,202
4.5/5
Open Account
6
Kotak Securities
1,208,948
4.5/5
Open Account
7
HDFC Securities
1,097,750
4.5/5
Open Account
8
Motilal Oswal
879,629
4.4/5
Open Account
9
Lemonn
350,080
4.4/5
Open Account
10
PhonePe
500,560
4.4/5
Open Account


1. Zerodha

Zerodha launched in 2010, became the pioneer of the stock broker for trading in India that transformed Indian markets. The trading platform Kite stands out because of its modern design, chart functionality and real-time information attracts both new and expert traders.

Features:

  • Low-Cost Trading: Zerodha charges zero fees for exchanging equity as delivery, while maintaining a standard charge of Rs 20 for each trade in intraday and futures and options transactions.
  • Kite Platform: The Kite platform provides full-scale technical analysis features through its platform, which adapts to both web and mobile interfaces while enabling users to customize their charts.
  • Educational Ecosystem: Zerodha Varsity and other initiatives enable the broker to provide investors with extensive educational content that empowers them.
  • API Integration: The Kite Connect APIs from Zerodha serve tech-savvy traders through their capacity for algorithmic and automated trading.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


2. Groww

Groww established its operations in 2016 and quickly developed popularity among both millennials and new investors. Through its simple, user-friendly platform, Groww allows all types of investors to access stock trading, mutual fund buying, ETFs, and IPO investing. The platform offers user-friendly features to combat the fear often experienced when investing or trading.

Features:

  • Zero Account & AMC Fees: Groww offers a completely free account opening, trading, and demat maintenance—ensuring that investors can focus on building their portfolio without worrying about hidden costs.
  • Flat Brokerage Structure: For intraday and derivatives trades, a flat fee of Rs 20 per order (or the lower of Rs 20 or 0.1% per order) is charged, making it an affordable choice for active traders.
  • Integrated Investment Options: Beyond equities, Groww provides seamless access to mutual funds, direct plans, and even IPO participation, all from one unified platform.
  • User-Centric Design: With an emphasis on simplicity and educational content, Groww’s mobile and web platforms are tailor-made for beginners while still being robust enough for regular investors.
Brokerage Charges
Equity Delivery
Rs 20 or 0.1% per executed order
Equity Intraday
Rs 20 or 0.01% per executed order
Futures & Options
Rs 20 per executed order
Commodity
Not Available


3. Angel One

Formerly Angel Broking, it introduced technological infrastructure that supports complete broker services alongside cost-effective trading solutions and professional analysis. Customers from all investor backgrounds can access its services because Angel One maintains successful businesses across both discounted operations and full-service brokerage.

Features:

  • Personalized Advisory: Angel One provides tailored investment advice and research reports powered by its proprietary ARQ Prime investment engine.
  • Diverse Trading Options: Investors gain access to a trading platform that enables equity trading alongside derivatives, commodities, and international stock purchases.
  • Zero Brokerage for Delivery Trades: Like other share market brokers, Angel One provides free equity delivery trades and keeps costs minimal for alternative segments.
  • Educational Content: With a robust library of research reports, webinars, and market insights, Angel One helps investors make informed decisions.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


4. Upstox

RKSV Securities has evolved into Upstox which has established itself as a budget-friendly broker supported by advanced technological infrastructure. Upstox is the best broker for trading and received financial support from Ratan Tata and Tiger Global while catering to busy day traders and investors who seek low-cost services.

Features:

  • Competitive Pricing: Upstox provides free equity delivery brokerage while invoicing a standard Rs 20 fee for each order of intraday, F&O, currency, and commodity trades.
  • Upstox Pro Platform: The platform's web and mobile interfaces utilize advanced tools for chart analysis with real-time data delivery through an interface that supports rapid order processing.
  • API Trading: The API functionality provided by Upstox enables professional users to develop individual trading algorithms as well as automation for their trading strategies.
  • Innovative Tools: Upstox stands unique in its technology segment because of tools like one-click order placement and automated hedging.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


5. ICICI Securities

ICICI Securities provides full brokerage services while enabling customers to access integrated trading, demat and banking features from a single account. ICICI Securities offers investors a single platform that effortlessly integrates their financial management requirements for improved operational convenience, making it one of the best stock broker in India.

Features:

  • 3-in-1 Account: ICICI Bank integration enables investors to combine their banking with trading and demat transactions in a single account.
  • Robust Research & Advisory: ICICI Securities is well-regarded for its extensive research reports, market analysis, and personalized investment advice.
  • Strong Customer Support: A wide direct network allows investors to receive dependable support and personal advice from customer service.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


6. Kotak Securities

Kotak Securities operates under Kotak Mahindra Bank as its subsidiary. It provides full-service broking solutions through modern technological features. From beginners to professionals, this best share broker in India helps investors by providing various investment products together with sophisticated research instruments and multiple trading interfaces.

Features:

  • Kotak Neo Service: This brokerage-free trading platform from Kotak suits beginners due to its unique offering for new-age traders.
  • Multi-Platform Support: Kotak provides investors with multiple platforms to trade through mobile applications, web-based portals and work desktop software, thus catering to every trading need.
  • Integrated Banking Solutions: Through its banking partnership with Kotak Mahindra Bank, this is one of the top brokerage firms in India. It provides unified financial products that streamline investment processes.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


7. HDFC Securities

HDFC Securities functions as part of the HDFC Bank group to deliver dependable full-service brokerage services with a dedicated commitment to research and exceptional customer support. Investors seeking stability through one of the trusted stock brokers in India with an established network of offline locations should consider HDFC Securities.

Features:

  • Comprehensive Trading Platforms: Investors using HDFC Securities can access all-inclusive trading systems that support equity trading, derivatives trading, and additional markets while providing strong charting features and immediate data access.
  • Premium Research and Insights: The broker supplies premium market intelligence that includes in-depth research publications and ongoing market insights along with frequent updates to satisfy investor information needs.
  • Integrated Services: The banking relationship between HDFC Bank and customers allows for integrated financial services together with quick fund transfer capabilities.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


8. Motilal Oswal

Motilal Oswal operates as a premier full-service broker while delivering exceptional research capabilities alongside multiple product services. The best broker for trading delivers solutions for both retail clients and high-net-worth individuals. It uses comprehensive market insights to provide its financial products to its customers.

Features:

  • Research-Driven Approach: Motilal Oswal distinguishes itself through its extensive research-based content offering investors both stock recommendations and detailed market intelligence for decision-making.
  • Diverse Trading Platforms: The company operates diverse trading platforms that combine MO Trader and MO Investor apps to suit different trading preferences and investment plans.
  • Portfolio Management Services: Motilal Oswal provides portfolio management together with dedicated advisory services that cater to investors seeking customized investment solutions.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


9. Lemonn

Lemonn offers a digital-forward brokerage platform that serves the needs of contemporary investors through its innovative design. Lemonn caters its services to digitally oriented younger and tech-savvy users through a streamlined mobile interface which makes trading and account setup effortless for users. Users can access both advanced charting tools and AI-powered market insights across the platform to help them analyze market trends and base their decisions on data. Through its budget-friendly trading structure, Lemonn delivers free equity delivery trades and costs only a minimal fee for intraday trades alongside complete research reports and educational platform resources.

Features:

  • Intuitive Mobile Interface: Users enjoy a simple navigation experience that lets them smoothly open an account and trade while managing their portfolio through the best share broker in India.
  • Advanced Charting and AI-Powered Insights: The platform delivers innovative market analysis by combining AI techniques with advanced charting capabilities to generate real-time alerts while detecting investment trends.
  • Integrated Research and Education: Through its integrated education and research platform, Lemonn enables investors, particularly beginners, to find essential research information alongside educational resources needed to make knowledgeable decisions.
  • Cost-Effective Trading: Lemonn provides cost-effective trading through its equity delivery fee-free policy, combined with low intraday transaction costs.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


10. PhonePe

PhonePe has expanded its horizons by entering the stock broking arena. Building on its massive user base and established technological framework, PhonePe’s trading platform offers a seamless integration of payment solutions with investment functionalities. This unified ecosystem allows users to fund their accounts, execute trades, and track their portfolios all within one app. The platform is distinguished by its real-time market data, personalized alerts, and competitive fee structure—providing free equity delivery trades and very modest intraday fees.

Features:

  • Integrated Ecosystem: PhonePe offers users a complete digital solution where payments merge with trading and financial management to maintain one application for account funding, stock trading, and portfolio oversight.
  • Real-Time Market Data: The platform provides current market data alongside interactive portfolio tracking which allows users to generate speedy, informed investment decisions.
  • Competitive Fee Structure: PhonePe provides its users with a competitive fee structure that includes free equity delivery trading and minimal charges for intraday orders, helping investors who watch their costs.
  • Personalized Alerts and Notifications: Users access personalized market alerts and notifications on their devices, which keep them ahead of market changes.

Brokerage Charges

Equity Delivery

Free

Equity Intraday

Rs 20 or 0.03% per executed order

Futures & Options

Rs 20 or 0.03% per executed order

Commodity

Rs 20 per order


Conclusion

Stock trading through the best stock broker in India enables you to execute trades efficiently as well as minimize costs, and gain access to a wealth of research and resources within the dynamic Indian market. A detailed examination of the top 10 stock brokers in India for 2025 presents distinct advantages of each platform, which include Groww's intuitive user interface combined with zero costs, Zerodha's advanced technical capabilities and Angel One's dual model which integrates cost benefits with advisory services. Invest your resources properly while utilizing your selected platform's advantages to achieve stock trading success in India's complex market with confidence.

Frequently Asked Questions

1. Who is the biggest stock broker in India?

Zerodha is the biggest stock broker in India by active clients. Most people use Zerodha due to their low brokerage charge (has a flat ₹20/trade), user-friendly platform (Kite), and reputation. Other good choice stock brokers are Upstox, Groww, and ICICI Direct.

2. Who has the lowest brokerage charges?

There are many brokers with the lowest brokerage charges, Zerodha has a charge of ₹20/order, Upstox has a charge of ₹20/order, and Groww has a flat ₹0 for delivery trades. Full-service brokers like HDFC Securities and ICICI Direct have higher fees but the full-service brokers will have research and advisory.

3. What is the best broker for beginners?

Groww and Zerodha is great for beginners for various reasons - their platform is easy to learn, offer simple learning material, and they have a no-cost model. Upstox also provides an intuitive mobile app for new traders, which will enhance the trading experience.

4. Are discount brokers safe to trade in India?

Yes, Zerodha, Upstox, and Groww are all SEBI registered, they use bank-grade security with 256-bit encryption, and each account offers investor protection of up to ₹25 lakh (through SIPF). Check each broker's registration with SEBI before signing up.

5. What are the best brokers for intraday trading?

Zerodha, Upstox, and Angel One are all popular intraday brokers because they are all cheap (₹20/order), have great charting tools, and offer superb execution.

6. Does a full-service broker like ICICI Direct offer better research?

Yes, brokers like ICICI Direct, HDFC Securities and Kotak Securities offer extensive research, advisory services, and share IPOs, but they charge higher fees (0.5% commission or higher).

7. Can I trade in F&O (Futures & Options) with these brokers?

Yes, most major brokers (Zerodha, Upstox, and Angel One) all offer F&O trading that includes margin calculators and strategy builders.

8. Which broker has the best trading platform?

  • Zerodha Kite (best for advanced traders)
  • Upstox Pro (great for charts)
  • Groww (simplest for beginners)
  • ICICI Direct (best for research)

9. What is the minimum deposit required to start trading?

Discount brokers (Zerodha, Groww, Upstox) can have ₹0 opening accounts, they will have available funds to trade, while full-service brokers can take ₹500–₹1,000.

10. How can I find a good stock broker?

You may want to consider:

  • Brokerage (Discount vs Full-service)
  • Ease-of-use (mobile/desktop/platform)
  • Research and tools (beginner/pro)
  • 24/7 customer support

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