Compare Top Share Brokers in India

There are many stock brokers in India who are members of BSE and NSE. Most of them are offering retail broking. Some of the stock brokers that we reviewed are listed below. Before we compare top share brokers in India, let us understand the difference between traditional stock brokers and discount brokers. Also, compare top share brokers.

Traditional Brokers

  • They charge commission in percentage terms of each trade executed
  • Brokerage rates are typically between 0.3 - 0.5%
  • They provide trading platform along with advisory for investment
  • Traditional Brokers suits those who want advisory for investment
  • They have their own research departments for advisory
  • In person customer service is available
  • Add-on services like research reports, recommendations, funding, enhanced margins are available
  • Several popular names include ICICI Securities Pvt Ltd, HDFC Securities Ltd, Kotak Securities Ltd, HSBC Invest Direct Ltd and SBICAP Securities Ltd

Discount Brokers

  • Flat fee on each trade executed
  • Generally ₹20/trade
  • They only provide a trading platform (no investment advisory provided)
  • Discount brokers are for those who do their own research or for those who have a financial advisor.
  • They do not have any research department
  • Only online customer services are available
  • Focuses mainly on trading
  • Several popular names include zerodha securities pvt ltd, rksv securities india private limited (upstox), rksv securities india private limited and others

BrokerActive ClientsRatingReviewOpen AccountCompare
Zerodha15,00,000
5/5
ICICI Direct9,30,000
4.5/5
HDFC Securities6,50,000
4.5/5
Sharekhan4,85,000
4.5/5
Kotak Securities4,85,000
4.5/5
Angel Broking4,50,000
4.75/5
Upstox3,75,000
4.5/5
Motilal Oswal3,30,000
4.5/5
AxisDirect3,10,000
4/5
5Paisa3,00,000
4.5/5
Karvy2,80,000
4/5
SBI Securities2,20,000
4/5
IIFL2,00,000
4/5
Geojit1,55,000
3.75/5
Religare1,28,000
3.5/5
Reliance Securities1,20,000
3.5/5
Edelwiess1,15,000
3.5/5
SMC Global1,05,000
3/5
Nirmal Bang90,000
3/5
Anand Rathi75,000
3.5/5
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