Finding the best stock broker in India that cost genuinely and does not feel like burden while charging broking fees might therefore significantly impact your overall profits. With so many options available offering different services, making new schemes and policies to attract customers, etc.
So finding the top stock broker in hundreds of option is somehow overwhelming.
As a professional trader you need a system which has advance tools with low brokerage, operating system without glitches and upto sebi guidelines, while as per newbies perspective it must be user friendly, this guide will help you make right choice.
This post will analyse the best stock brokers in India, go over their features, fees, and benefits and drawbacks, and assist you in selecting the one that best fits your trading and investing objectives.
Why Choosing the Right Stock Broker Matters?
Let me tell you why choosing the best stock broker is so important before telling you about who are at top in this business and why!
- Broking Fees: It is a charge levied by broker for providing facilities of various financial services like stocks, bonds, and other securities. Long-term earnings may be impacted by even a slight variation in broking and can ilpact your overall earnings.
- Trading Platform: The softwar or app where you initiate all traders it must be great at order execution with a seamless and quick trading interface.
- Research & Advisory: Newcomers can require suggestions and market analysis. So it is considered to be good if broker conducts in depth analysis and provide insights of various industries, different markets and economic trends
- Regulation & Safety: To ensure fair and transparent trading that secures investors from frauds. SEBI regulates these to ensure safe trading practices. Your broker must be SEB registered to operate legally.
- Product Availability: You must heard of what Warren Buffet he said “diversification is protection against ignorance”. So more types of products are available you can diversify the risk. More diversified portfolio lesser the risk of losing money at once.
The broker should provide all products under one roof, including mutual funds, stocks, and initial public offerings (IPOs).
Types of Stock Brokers in India
There are two main categories of brokers in india:
1. Full-Service Brokers
Full time brokers provide trading, research, investment advisory and Portfolio Management Services for this day charge higher brokerage fees.
Example: ICICI Direct, HDFC Securities, Kotak Securities.
2. Discount Brokers
On the other hand discount brokers only focus on execution (buy/sell) at low cost they do not provide much support in research segment. They provide easy to use interface and are beginners friendly.
Example: Zerodha, Upstox, Angel One.
List of Best Stock Brokers in India 2025
| Rank | Stock Broker | Rating | Charges | Active Clients |
|---|---|---|---|---|
| 1 | m.Stock | 9.80/10 | Free | 4,22,973 |
| 2 | Zerodha | 9.61/10 | 0 for Delivery, Rs 20/Order for other | 79,11,319 |
| 3 | Groww | 9.60/10 | Rs.20/order | 1,31,74,195 |
| 4 | Upstox | 9.55/10 | Rs 20 per Order | 27,01,041 |
| 6 | ICICI Direct | 9.36/10 | 0.55% for delivery, 0.275% for Intraday | 19,50,040 |
| 7 | Kotak Securities | 8.85/10 | 0.2% per order executed on equity delivery | 15,56,287 |
| 8 | Motilal Oswal | 8.70/10 | 0.2% on equity delivery | 4,10,225 |
| 9 | HDFC Securities | 8.50/10 | 0.35% on equity delivery | 10,08,049 |
| 10 | Angel One | 8.32/10 | ₹0 delivery, ₹20/trade intraday | 74,48,502 |
Lets dive into detailed comparison of the top stock brokers in India that you should consider:
1. m.Stock – Popular Discount Broker
Founded in 2022, m.Stock has emerged as a modern discount brokerage platform, offering zero-brokerage investing and advanced trading solutions across equities, derivatives, mutual funds, IPOs, and more.
Active Clients: 1.5+ crore
Brokerage: ₹0 delivery, ₹5/trade intraday
Highlights:
- Zero brokerage on equity delivery & intraday
- Flat ₹5 per order for F&O
- Advanced VTC order feature
- Seamless 3-in-1 account opening
- Fast, secure, and user-friendly trading platforms
2. Zerodha – India’s No.1 Stock Broker
Zerodha broking limited is an Indian brokerage and financial services company in Bangalore it offers and online trading platform that facilitates various type of trading of stock derivative currency commodity mutual fund and bonds.
Active Clients: 1.2+ crore
Brokerage: ₹0 for equity delivery, ₹20 per trade for intraday & F&O
Highlights:
- Kite app (fast, simple, clean interface)
- Varsity (free stock market learning platform)
- Good for both beginners & professionals
It recently simplified onboarding and decreased broking for non PIS NRI account.
3. Groww – Modern App-Based Broker
Grow is an Indian company that operates in online investment platform offering wide range of financial products and services
Active Clients: 70+ lakh
Brokerage: ₹20/trade for intraday & F&O, ₹0 delivery
Highlights:
- No AMC or account fees and handy educational tools
- Easy mutual fund & stock investing
- Clean UI, which is great for first-time investors in India
- Free mutual fund investment and IPOs.
4. Upstox
Upstock is one of the India’s largest and fastest growing digital Brokers and they offer trading across stock, mutual fund, derivatives, digital gold and more.
Active Clients: 80+ lakh
Brokerage: ₹0 delivery, ₹20/trade intraday & F&O
Highlights:
- Backed by Ratan Tata
- Powerful Upstox Pro app
- Free stock market insights
- Have various useful features with low cost burden.
5. ICICI Direct – Trusted Full-Service Broker
ICICI direct is a part of ICICI security and offers retail trading and investment services in India.
Active Clients: 50+ lakh
Brokerage: Higher compared to discount brokers
Highlights:
- Backed by ICICI Bank3-in-1 account (bank + trading + demat)
- Strong research and IPO services.
- Trusted name and its integrated services, but expensive.
6. Kotak Securities
Kotak Securities provide full-service solutions, and is backed by Kotak Mahindra Bank offering providing strong research and advisory services. Some investors can feel Kotak costly!
Active clients: 25 lakh-plus users
Brokerage:
- 0.2% per order executed on equity delivery
- ₹10/trade intraday or 0.5% whichever is lower
- Future and options, ₹10 per order
Highlights
- Multiple platforms for web, mobile and desktop apps with top edge advance tools.
- Kotak Trades Academy provide free educational support to learners.
- Free research and report calls
7. Motilal Oswal
They are very old gems founded in 1987 and still carrying its legacy so far with over 94 lakh customers and upto 9 lakh active traders. They are known for their award winning reports and research based investing. They are into wealth management.
Active clients: upto 9 lakh
Brokerage: 0.2% on equity delivery and equity intraday for lifetime
Highlights
- Full capabilities in providing services requires to create a diversified portfolio.
- Has a innovative app which integrates wealth planning, tradings, investing and AI features for analysis all under same roof.
- They also manage Assets Under Advice. (Means the advice related to investment are given by brokers to clients)
- They give you award winning stock research reports and recommendations which are done by their professionals.
8. HDFC Securities
HDFC Securities Demat Account provide wide range of product bucket, all aligned in a single platform with well researched insights which helps investors to make a reliable choice between securities. Trusted name in banking & brokerage.
Active clients: more than 12 lakh users
Brokerage: 0.35% on equity delivery and 0.035% on intra day (conditons applied)
Highlights
- Strong security and integrated with HDFC Bank and its trust
- Wide range of investment products
- Expensive for small traders not very cost-effective due to higher brokerage charges.
- Have wide range of products and advanced application for trading efficiently .
9. 5paisa
5paisa is a budget friendly broker firm which are backed by IIFL, having lakhs of active user they are listed on stock exchanges like NSE and BSE.
It offers online trading and investment in equity derivative and mutual funds.
Active clients: over 15 lakh users
Brokerage: ₹20/ per order and can be lower if you go for subscription policy
Highlights
- Low cost with subscription plans which are affordable
- Great for beginners they can learn without worrying about broking charges.
- Good app interface as it is beginner friendly and give proper guide to understand the basics.
- They have research and AI features to help their users.
10. Angel One – Full-Service Broker with Discount Pricing
Founded in 1987, it has grown to become a full time detail brokerage house offering wide areas of investment and trading services
Active Clients: 1+ crore
Brokerage: ₹0 delivery, ₹20/trade intraday
Highlights:
- Angel One app with AI-based stock suggestions
- Strong research reports
- offers research + low brokerage
- Have best customer education initiatives.
How Can I Pick India’s Top Stock Broker?
Look out into these fundamental to chose the best stock brokers in 2025:
- Broking Fees: Examine all the charges carefully and for any hidden charges too for F&O, intraday, and delivery fees.
- Trading Platform: Evaluate the dependability as well as key features, usability, and speed of the app or website.
- Customer service: quick problem solving like you are on hotline phones and are not ignorant as you can lose money in no time in stock market.
- Time is saved by the quick and easy online KYC process for opening an account.
- Additional features include research, free learning, and IPO investing.
So in conclusion, who is the best stock broker in India in 2025?
- If you want lowest brokerage + reliable app, go with Zerodha.
- If you want research + low charges, Angel One is a best choice.
- If you are a beginner, Groww is simple and easy and user-friendly
- If you want full banking services + trust, ICICI Direct works well.
Conclusion
Your trading preferences, financial goals, and style of platform you feel homely with will ultimately determine which stock broker in India is best for you in 2025.So in the current market, some brokers provide excellent research tools at a slightly greater cost; others offer affordable broking but no research. Like the quote says, “You have to pay for everything.”
One must compare aspects such as trading platforms, customer services, broking fees, account opening fees, and hidden costs before making a decision.Making a wise decision now can result in a smooth trading trip and long-term savings of money and, most importantly, time. Keep in mind that while there isn’t a single “perfect” broker for everyone, choosing the appropriate one for you will have a significant impact.