In the fast-paced stock market today, selecting a suitable broker is critical to your trading success. A good broker provides you with low fees, strong tools, and consistent support. In 2025, India’s brokerage market presents numerous choices, ranging from zero-commission platforms to full-service brokerages. Whether you are a new trader or an experienced investor, the correct broker makes it simple for you to purchase and sell shares, keep track of your portfolio, and learn about market trends.
Here we introduce the Top 14 Best Stock Broker Companies in India in 2025. We define each one in plain English, add a convenient comparison table, and conclude with a conclusion and an FAQ to navigate you.
Top 14 Best Stock Broker Companies in India
1. Zerodha
Zerodha is India’s largest discount broker in terms of active clients. It introduced the flat-fee model of โน20 per transaction (or 0.03% of the transaction amount), and equity delivery is free. Its top platform, Kite, is speedy and responsive, with real-time charts, sophisticated order types, and a smartphone app. Zerodha also offers Varsity, a free learning hub to study markets. Accounts are opened digitally and for free.
Zerodha’s clean pricing and robust tools invite both amateurs and pros. They also have Coin for direct mutual funds and Streak for algorithmic trading, strengthening the ecosystem for all types of investors.
2. Groww
Groww started as a mutual-fund platform and diversified into stockbroking in 2020. It charges โน20 per intraday or F\&O trade, with no brokerage on equity delivery. Its web and mobile applications are simple and clean, with ease of use being the priority.
Groww brings together research, market news, and simple charting capabilities, making it perfect for new traders. Account opening is through Aadhaar e-KYK and is done in minutes. Groww excels at simplicity and tying in with investment products such as mutual fund and gold, providing users with a one-stop finance app.
3. Paytm Money
Paytm Money provides zero brokerage on equity delivery and โน20 per intraday or F&O trade. Its platform is integrated with the Paytm ecosystem, so accounts can be funded through UPI in seconds. The Paytm Money app has simple navigation, pre-loaded watchlists, and simple charting.
Paytm Money also allows direct mutual funds, NPS, and digital gold. Account opening is paperless and simple. For small investors already using Paytm for payments, this broker offers a smooth experience, low cost, and reliable brand support.
4. Angel One (Angel Broking)
Angel One is a full-service broker that levies โน20 per trade or 0.25%โwhichever is lowerโfor intraday and delivery. It has a free ARQ robo-advisory facility that suggests stocks and mutual funds according to your profile. Advanced charting and research calls from experts are available on the Angel One App and TradeX desktop platform.
Aadhaar e-KYK facility is offered free for account opening. Angel One’s blend of professional guidance, research, and affordable cost makes it a popular choice among investors seeking advice along with digital ease.
5. Upstox
Upstox is one of the known discount brokers with โน20 per trade or 0.05% brokerage for intraday/F&O and free delivery charges. Its Upstox Pro Web and Upstox Pro Mobile platforms enable multi-asset trading, real-time charts, and API access to algo-traders. Account opening is online, free, and fast.
Upstox frequently features cashback deals on brokerage, lowering costs even more. Prioritizing speed and reliability, Upstox attracts active traders and developers creating custom applications through its APIs.
6. HDFC Securities
HDFC Securities is a full-service broker belonging to the HDFC Bank group. It levies variable brokerageโusually โน20 per trade for intraday and 0.50% on delivery. Its TradePD and MobilePro platforms have features like advanced charting, research reports, and personalized calls. HDFC Securities is integrated with HDFC Bank accounts, and therefore fund transfers are instant. It also offers IPO application, mutual funds, insurance, and loans. While more expensive than discount brokers, HDFC Securities offers excellent research, branch assistance, and credibility of a top bank.
7. Motilal Oswal
Motilal Oswal is a brand recognized for superior quality research and advisory. Brokerage begins at โน20 per trade for intraday and 0.50% for delivery in its MO Investor Plan. The MO Investor smartphone app and MO Trader computer platform feature powerful charts, screeners, and proprietary indices. Motilal Oswal provides rule-based advisory, portfolio management services (PMS), and mutual funds. Opening an account is possible online or at branches. Investors who appreciate research and are willing to pay a bit more in fees tend to go for Motilal Oswal.
8. ICICI Direct (IDirect)
ICICI Direct is sponsored by ICICI Bank and boasts a strong branch network. It employs a tier-based brokerageโbeginning roughly around โน25 per trade or a fraction of trade value. Its Trade Racer Pro platform offers in-depth research, expert calls, and superior charting. ICICI Direct provides 3-in-1 accounts (demat, trading, bank) through which funds can be moved instantly. Other products and services include IPOs, mutual funds, loans, and insurance. While more expensive than discount brokers, ICICI Direct will suit those who desire robust brand backing, research, and various financial products in one place.
9. SBI Securities
SBI Securities, part of State Bank of India, charges โน25 per trade or 0.50% for delivery and 0.05% for intraday. It offers the YONO SBI Markets platformโintegrated into the YONO banking appโand a web portal for trading and research. SBI Securities provides IPO applications, mutual funds, derivatives, and margin financing. Its strength lies in SBIโs wide branch network and brand trust. Investors who prefer banking-brokerage integration and are less sensitive to brokerage costs may choose SBI Securities.
10. Axis Direct
Axis Direct by Axis Bank has a โน20 per trade or 0.50% on delivery fee. Its Axis Direct App and Web platforms feature research, charts, and expert opinions. Axis Direct provides 3-in-1 accounts, access to IPOs, mutual funds, and fixed deposits. Integration with Axis Bank accounts for easy transfers. Webinars and educational resources assist new traders. Though more expensive than full-fledged digital discount brokers, Axis Direct appeals to customers seeking bank-broker ease of use and research.
11. Kotak Securities
Kotak Securitiesโowned by Kotak Mahindra Bankโemploys a tiered pricing strategy (flat โน20 per trade or percentage-based). Its Trade Free offering provides discounted brokerage for greater volumes. Products include KS Edge, Kotak Stock Trader mobile app, and sophisticated charting. Kotak Securities provides IPOs, mutual funds, and portfolio guidance. 3-in-1 account integration enables immediate fund settlements. The broker’s extensive bank network and research assistance attract a wide investor base, although cost is higher than pure discount offerings.
12. Sharekhan
Sharekhan, owned by BNP Paribas, is a full-service broker with โน25 per trade or 0.50% delivery charges. Its TradeTiger desktop client and mobile client have advanced charting, live news, and research calls. Sharekhan provides relationship managers for individual attention. Other services are IPOs, mutual funds, and portfolio advisory. While brokerage is on the higher side, Sharekhan’s wide research coverage and branch network make it ideal for serious investors looking for human intervention.
13. Dhan
Dhan is a new discount broker with โน20 per trade flat brokerage and no delivery charges. Its Dhan App has a chic design, multi-leg option strategies, and social investment ideas from the community. Dhan also supports SPO (single product order) facility and social feed where investors are sharing stock recommendations. Online account opening is quick. Dhan’s mix of social functionality, low cost, and creative order types appeals to technology-savvy traders seeking a new experience.
14. Aditya Birla Money
Aditya Birla Money belongs to the Aditya Birla Group and levies โน20 a trade or 0.50% brokerage on delivery. Its AB Money portal provides research reports, charting facilities, and goal-based investing. Other services include mutual funds, insurance, and borrowing against shares. Both online and offline account opening is available. Investors seeking a reliable brand name and integrated financial products usually opt for Aditya Birla Money, albeit at higher costs.
Top 14 Best Stock Broker Companies in India: Comparison Table
| Broker | Brokerage (Intraday/F&O) | Equity Delivery Fee | Platforms | Account Opening | Key Feature |
|---|---|---|---|---|---|
| Zerodha | โน20 or 0.03% per trade | Free | Kite Web & Mobile | Free, Aadhaar | Educational portal (Varsity) |
| Groww | โน20 per trade | Free | Web & Mobile | Free, Aadhaar | All-in-one finance app |
| Paytm Money | โน20 per trade | Free | Paytm Money App | Free, UPI e-KYC | Seamless Paytm integration |
| Angel One | โน20 or 0.25% | Free | TradeX & Mobile | Free, Aadhaar | ARQ robo-advisory |
| Upstox | โน20 or 0.05% | Free | Pro Web, Pro Mobile, API | Free, Aadhaar | Algo-trading APIs |
| HDFC Securities | โน20+ or 0.50% | 0.50% | TradePD, MobilePro | Free, Aadhaar | Bank account integration |
| Motilal Oswal | โน20 per trade | 0.50% | MO Investor, MO Trader | Free/Aadhaar | In-depth research |
| ICICI Direct | โน25+ | 0.50%+ | Trade Racer Pro | Free/Aadhaar | 3-in-1 Banking integration |
| SBI Securities | โน25 per trade | 0.50% | YONO SBI Markets | Free/Aadhaar | Wide bank branch network |
| Axis Direct | โน20 per trade | 0.50% | Axis Direct App & Web | Free/Aadhaar | Webinars & educational content |
| Kotak Securities | โน20 per trade | Variable | KS Edge, Mobile App | Free/Aadhaar | Volume-based discounts |
| Sharekhan | โน25 or 0.50% | 0.50% | TradeTiger, Mobile App | Free/Aadhaar | Dedicated relationship managers |
| Dhan | โน20 per trade | Free | Dhan Mobile App | Free/Aadhaar | Community-driven ideas |
| Aditya Birla Money | โน20 per trade | 0.50% | AB Money Web & Mobile | Free/Aadhaar | Goal-based investing |
Conclusion
India’s 2025 brokerage space has something for every kind of investor. Discount brokers like Zerodha, Upstox, and Dhan excel on price and tech, best suited for active traders and novices. Full-service brokers like HDFC Securities, ICICI Direct, and Sharekhan offer strong research, branch assistance, and a greater variety of financial products for those who are willing to pay more.
Hybrid platforms such as Angel One, Groww, and Paytm Money marry low fees with advisory tools to create the ideal choice for investors who desire both digital convenience and guidance. Weigh your trading style, research requirement, and costs to choose the broker that is most suitable for you.
Learn More:
- How to Start Investing in Mutual Funds in India โ Step-by-Step Process for Beginners
- Difference Between Mutual Funds and Stocks โ Which is Better for Beginners?
- Understanding NAV (Net Asset Value) in Mutual Funds โ What It Means and Why It Matters
- Risks Involved in Mutual Fund Investments โ Common Risks and How to Manage Them
FAQ: Top 14 Best Stock Broker Companies in India
1. How do I choose the right stock broker?
Consider brokerage charges, platform usability, research support, and additional services like margin funding. Discount brokers suit low-cost trading; full-service brokers offer research and banking integration.
2. What are intraday and delivery charges?
Intraday charges apply when you buy and sell the same stock on the same day. Delivery charges apply when you hold shares beyond the trading day. Brokers may offer free delivery to attract investors.
3. Is account opening really free?
Most brokers offer free online account opening via Aadhaar e-KYC. Some may charge for physical forms or DP charges, but digital accounts are generally free.
4. Can I switch brokers later?
Yes. You can transfer your demat account using the โInter-Depository Transferโ (IT) facility. Submit a request to your old and new brokers to move holdings.
5. Are these online brokers safe?
Reputed brokers are regulated by SEBI and use bank-grade encryption. Always enable two-factor authentication and download apps from official stores to stay secure.
Disclaimer:
The information in this post is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Always do your own research and consider your personal financial situation before making any investment decisions. The stock market carries risks, and past performance is not a guarantee of future results. If you are unsure, consult a qualified financial advisor or tax professional.
