by Stock market trading is a journey worth taking. It is often said that understanding one’s own mindset can lead to smarter decisions and a more fulfilling trading experience. But, do you know? Besides making your own financial plans, the most important thing is choosing the best broker for trading in India.
Here, we have curated a list of the top 6 stock brokers in India, along with their features, pricing, and other costs.
Take a look!
Comparing the top 6 brokers in India for 2024:
Groww, Shoonya, Upstox, Zerodha, Angel One, HDFC, and ICICI.
1. Groww| Best Stock Broker in India
Groww offers a user-friendly platform. It currently ranks 1st among the top 6 stock brokers in India. With Groww, you can invest in mutual funds, stocks, ETFs, etc. It offers a seamless trading app with zero brokerage.
- Pricing: Zero brokerage for equity investments and a flat fee for mutual fund transactions.
- Account Opening Cost:
- Opening Account: ₹300
- Annual Maintenance Charge (AMC): ₹300 (waived if trading frequently)
2. Shoonya| Top Online Trading Platform in India
Shoonya is known for zero brokerage on equity trades, advanced trading tools, and a user-friendly app. It also offers a free demat account with no annual charges, and AI powered insights.
- Pricing: Zero brokerage on all trades and services.
- Account Opening Cost:
- Opening Account: ₹0
- AMC: ₹0
3. Upstox| Best Online Broker in India
Upstox provides a low-cost trading platform with advanced tools for both beginners and experienced traders. It offers stocks, derivatives, mutual funds, etc.
Open now- lifetime free demat account!
- Pricing: ₹20 per order for equity, derivatives, and commodity trades.
- Account Opening Cost:
- Opening Account: ₹300
- AMC: ₹300 per year
Zerodha is one of the largest discount brokers in India. It offers low-cost trading with a range of investment options including equities, commodities, and derivatives. Their platform is well-suited for all levels of traders.
- Pricing: ₹20 per trade or 0.03% (whichever is lower) for equity and derivatives trades.
- Account Opening Cost:
- Opening Account: ₹200
- AMC: ₹300 per year
5. Angel One| Best Investment App
Angel One offers a comprehensive trading platform with research tools, educational resources, and a wide range of investment options. It’s known for its customer support and reliability.
- Pricing: ₹20 per trade or 0.25% (whichever is lower) for equity trades.
- Account Opening Cost:
- Opening Account: ₹0
- AMC: ₹0 (for the first year, ₹450 thereafter)
6. HDFC Securities| Best Trading Platform in India
HDFC Securities combines a strong reputation with a wide range of financial products, including equities, derivatives, and fixed income. It also offers advisory services.
- Pricing: ₹30 per trade or 0.25% (whichever is lower) for equity trades.
- Account Opening Cost:
- Opening Account: ₹999
- AMC: ₹750 per year
Conclusion
Choosing the right broker depends on your trading needs and budget. You must compare the features and costs of the top stock brokers and choose the one that suits your needs.
