Meta Description: Explore our Top 8 Share Brokers in India, featuring commission-free trading and free demat accounts. Find the best trading app for beginners today!
Comparing the Top 8 Share Brokers in India: Key Offerings and Fees
The first step before making any stock market investment is to choose an online broker. There are multiple brokers in India who offer a range of services. These include demat accounts, zero pricing structures, direct mutual funds, and much more. But how do you know which is the best broker for trading?
Here’s the latest list of the top 8 share brokers in India. You can check their offerings, pricing, and features.
Our list of top share brokers includes:
- Groww
- Shoonya by Finvasia
- Zerodha
- Upstox
- HDFC Securities
- ICICIdirect
- Angel One
- Motilal Oswal
- 5 Paisa
1. Groww
Groww is a platform that started with just direct mutual fund investments. However, it has expanded to equity trading and other investment options. It’s registered with SEBI and is a member of NSE and BSE.
Pricing:
- Maximum charge: Rs 20 or 0.05% per trade (whichever is lower).
- No charges for buying or redeeming mutual funds.
Reasons to Choose Groww:
- Flat Rs 20 per trade
- No fees for account opening or annual maintenance.
- Offers educational resources like blogs and eBooks.
- Simple and quick online account setup.
- Access to digital gold and US stocks.
- Direct mutual funds that can yield higher returns.
2. Shoonya by Finvasia
Shoonya is the most affordable online trading platform in India. It offers the best trading app for beginners.
Ranked second among the top eight share brokers in the country, Shoonya not only offers a free demat account but is also known for its transparent pricing policy and user-friendly experience.
Pricing:
- Zero account opening and maintenance charges.
- Zero brokerage on equity delivery trades
- Equity intraday and futures at just ₹5 or 0.03%, whichever is lower
- No platform or hidden fees.
- Call & Trade Charges: Free
- Trading in ETFs, bonds, mutual funds, and IPOs: Free
Reasons to Choose Shoonya:
- Access to all the market segments.
- Transparent pricing with no hidden charges.
- User-friendly platform
- Multi-platform accessibility- mobile, desktop, and web
- With a Shoonya demat account, you can trade in Currencies, Stocks, F&O, Commodities, ETFs, Mutual Funds, SIPs, and Bonds with advanced tools.
Download now- the best trading app for beginners!
3. Zerodha
Standing on the number three among the top 8 share brokers in India, Zerodha offers trading in equities, currencies, and commodities.
Pricing:
- Free account opening.
- Equity delivery: Rs 0 brokerage.
- Intraday trades: Rs 20 or 0.03% (whichever is lower) per executed order.
Reasons to Choose Zerodha:
- Advanced trading tools
- Zero brokerage on equity delivery and direct mutual funds.
- Simple pricing model
- Referral program for starters as well as long-term active clients.
4. Upstox
This top share broker is known for its competitive pricing. With a significant client base, it has smoothly reached among the top 8 share brokers in India.
Pricing:
- It charges a flat Rs 20 per trade across all segments.
- Mutual funds: No commission charged.
Reasons to Choose Upstox:
- Free account opening.
- Easy-to-use trading platform.
- Fast and efficient customer support.
- Zero commission on direct mutual funds.
- Multiple trading tools for various market segments.
- No annual maintenance fees for the account.
5. ICICIdirect
Ranked among the best brokers in India, this trading platform provides trading and investment services to over 5 million customers. It offers a variety of financial products, including equity, commodity, IPOs, currency trading, etc.
Reasons to Choose ICICIdirect
- It combines banking, trading, and demat accounts for easy transactions.
- You can access financial products like IPOs, mutual funds, and loans.
- There are flexible plans catering to different trading needs and styles.
- It also offers a user-friendly website and mobile app for on-the-go trading.
- This online share broker also offers access to trading tips and market analysis.
6. Angel One
Angel One is one of India’s largest full-service retail brokers. Besides offering a variety of services, including stock trading and financial advisory, the platform makes trading accessible to all.
Pricing:
- Free Account Opening
- Free Equity Delivery
- Intraday & F&O Trades: ₹20 per trade
Reasons to Choose Angel One:
- You can enjoy low brokerage fees
- There is also a provision for investment tips.
- Affordable Call & Trade services.
7. Motilal Oswal
Motilal Oswal Financial Services Ltd., currently ranking 6th among the top 8 share brokers in India, has been in India’s investment sector for over 35 years. They are recognised for their strong research.
Pricing:
- Account Opening Charges: Free
- 0.20% for Equity Delivery
- 0.02% for Intraday Futures
- ₹20 per lot for Equity and Currency Options.
- For commodities, the charges are 0.02% for Futures and ₹200 per lot for Options
Reasons to Choose Motilal Oswal:
- Free intraday trading for life.
- Wide range of investment options
- Expert research
- User-friendly trading software.
8. 5 Paisa
5paisa Capital Ltd. is another name among the leading top 8 share brokers in India. It provides services in equity, commodity, and currency trading. You can also invest in US stocks.
Pricing:
- Account Opening Fees: Free
- Trading Fee: Flat ₹20 per trade (reduced to ₹10 with subscription plans)
Reasons to Choose 5 Paisa:
- Flat ₹20 brokerage
- You get the benefits of extensive research and advisory services.
- You can invest in stocks, mutual funds, IPOs, ETFs, etc.
Conclusion
Choosing the right share broker is the most essential step towards successful investing. Each broker on our list of top 8 share brokers in India offers unique features.
You must take the time to evaluate their offerings and find the one that suits your goals.
Happy trading!
