Comparison of some of the top stock brokers in India
Here’s a detailed comparison of some of the top stock brokers in India, including key features, brokerage charges, and services offered:
Table of Contents
| Broker | Brokerage Charges (Equity Delivery) | Demat AMC | Account Opening Charges | Special Features |
|---|---|---|---|---|
| Zerodha | ₹0 | ₹300 | ₹0 | Zero brokerage on equity delivery, Direct mutual fund investments, Advanced trading platforms |
| Groww | ₹20 per executed order or 0.05% | ₹0 | ₹0 | Zero commission on direct mutual funds, User-friendly interface, Educational resources |
| Angel One | ₹20 per executed order | ₹240 | ₹0 | 3-in-1 account, Margin funding, API access |
| Upstox | ₹20 per executed order or 2.5% | ₹150 | ₹0 | 3-in-1 account, Margin funding, API access |
| ICICI Direct | 0.55% | ₹300 | ₹0 | Full-service broker, Research reports, Advisory services |
| Kotak Securities | ₹20 per executed order | ₹300 | ₹0 | Full-service broker, Research reports, Advisory services |
| 5Paisa | ₹20 per executed order | ₹0 | ₹0 | 3-in-1 account, Margin funding, API access |
| Paytm Money | ₹20 per executed order | ₹0 | ₹0 | 3-in-1 account, Margin funding, API access |
| Fyers | ₹20 per executed order or 0.05% | ₹0 | ₹0 | Advanced charting tools, API access |
| HDFC Securities | ₹20 per executed order | ₹300 | ₹0 | Full-service broker, Research reports, Advisory services |
Key Points to Consider to choose stock brokers:
Brokerage Charges: Look for brokers offering competitive rates, especially for frequent traders.
Demat AMC: Annual maintenance charges for Demat accounts can add up, so consider brokers offering lower or no AMC.
Account Opening Charges: Some brokers offer free account opening, which can be a cost-saving factor.
Special Features: Consider additional features like margin funding, API access, educational resources, and research reports.
Here are some features of popular brokers in India:
Zerodha
Kite Platform: Advanced charting, level 3 data, GTT orders, basket orders, and Nudge system
Console: Central dashboard for tracking trades and investments
Coin: Direct mutual fund investments
Kite Connect API: Build custom trading apps
Varisty Mobile: Stock market education
Groww
Stocks, Mutual Funds, IPO: Invest in stocks, mutual funds, IPOs, and ETFs
Futures & Options: Trade with features like stop-loss orders, candlestick charts, and margin trading
SGBs: Invest in Sovereign Gold Bonds
Recharges, Bills & UPI Payments: Convenient payment options
24/7 Customer Support: Round-the-clock assistance
Angel One
Advanced Trading Platforms: Multiple platforms for different trading needs.
Research and Advisory: In-depth research reports and advisory services.
Customer Support: Dedicated support for clients.
Upstox
Easy-to-use Trading Platform: User-friendly interface for beginners and experienced traders.
Margin Trading: Access to margin trading with competitive rates.
Educational Resources: Learning materials and webinars.
ICICI Direct
Wide Range of Products: Stocks, mutual funds, bonds, and derivatives.
Research and Analysis: Detailed research reports and market analysis.
Customer Service: Comprehensive customer support.
Kotak Securities
Robust Trading Platform: Advanced trading tools and features.
Research and Advisory: Expert research and advisory services.
Customer Support: Dedicated support team.
5Paisa
User-friendly Interface: Simple and intuitive platform for trading.
Low Brokerage Fees: Competitive brokerage rates.
Educational Resources: Learning materials and tutorials.
Paytm Money
Integrated Payment Solutions: UPI payments and bill payments.
Stock Trading: Access to NSE and BSE stocks.
Mutual Funds: Direct mutual fund investments.
Fyers
Customizable Trading Platform: Highly customizable trading interface.
Advanced Charting: Comprehensive charting tools.
Research and Tools: In-depth research and trading tools.
HDFC Securities
Wide Range of Investment Options: Stocks, mutual funds, bonds, and derivatives.
Research and Advisory: Detailed research reports and advisory services.
Customer Support: Dedicated support team.