Top 5 stock brokers in india

 

The top 5 stock brokers in India as of 2024, based on factors like customer base, trading platforms, and services:

1. Zerodha

• Overview: India's largest and most popular stockbroker, offering a user-friendly platform with low-cost brokerage. Known for its flat fee structure, #Zerodha charges zero brokerage for equity delivery trades and a flat ₹20 for intraday and F&O.
• Key Features:
  • Kite trading platform
  • Educational tools like Varsity
  • Advanced charting and analytics tools
• Customer Base: Over 12 million active users.
  Open Zerodha Account
  

2. Upstox

• Overview: A tech-driven discount broker offering low-cost trading services. Backed by Ratan Tata, Upstox offers competitive pricing and a feature-rich mobile app.
• Key Features:
  • Free equity delivery trades
  • ₹20 per order for intraday and F&O
  • Robust mobile and web platforms
• Customer Base: Around 10 million users.
  Open Upstox Account
  

3. Angel One (formerly Angel Broking)

• Overview: A full-service broker transitioning into a discount brokerage model. #Angel One offers a mix of traditional and discount brokerage services, including advisory services.
• Key Features:
  • Angel One app with personalized advisory
  • ₹0 brokerage for equity delivery and ₹20 for F&O and intraday
  • AI-based tools and portfolio analysis
• Customer Base: Around 11 million clients.

4. Groww

• Overview: Initially a mutual fund platform, #Groww expanded into stockbroking and quickly gained popularity due to its easy-to-use interface and zero-commission mutual funds.
• Key Features:
  • Zero commission on mutual funds
  • ₹20 per trade for intraday and F&O
  • User-friendly app aimed at first-time investors
• Customer Base: Over 6 million users.

5. ICICI Direct

• Overview: A full-service broker from #ICICI Bank, ICICI Direct is one of the largest traditional brokers, offering a wide range of financial services like equity, F&O, IPOs, mutual funds, and more.
• Key Features:
  • Comprehensive research and advisory services
  • Advanced trading platforms
  • Integration with ICICI Bank accounts for seamless transactions
• Customer Base: Over 4 million clients.

These brokers offer a range of services catering to different types of investors, from beginners to advanced traders. The choice often depends on trading preferences, costs, and platform features​