Top 10 Stock Brokers In India

Top 10 Stock Brokers India

As we already know, there are numerous brokers emerging in India these days. The queue is long, so we have shortened the crowd to top 10 stock brokers in India. However, the question is how to select the right one. Choosing the best stock broker in India is the real catch of your trading. Having the glimpse of top share brokers is quite necessary while dealing with stock market activities. That can help to form better trading idea with some standard options. It keeps the rhythm of trading fine.

top 10 stock broker

When supply in stocks amplifies, leading to a path of long consolidation, the trade density increases. As per this fact, the need to select the best stock broker in India also rises. The top 10 online stock brokers discussed below are picked on the basis of good research. The table of contents are defined to ensure the detailed structure of 10 leading stock brokers in India.

To skim off the top stock broker, we would like to on board you as a trader with enough idea of beginning the trade in a better way. Brokers in India are also emphasizing, they are offering the lowest brokerage plans but first analyze this fact by going through their reviews and ratings. In order to simplify the process, the stock brokers with comparatively nice plans are taken into account here. All 10 major share brokers in India are chosen depending on their functionality. One may find the right broker by evaluating some essential points in them. You can compare top 10 brokers in India on various aspects like quick account opening, intraday margin, payout time, activity updates, customer support channels, brokerage, advanced trading platforms etc.

List of Top 10 stock brokers in India : Match your requirements here

Compare the brokers’ data given below. It may help you form a clear vision for the top share broker. The catalog created can neglect even nuance of disorder. The brokers talked over are 10 major stock brokers in India. Pick up the one liable to fulfill your trading needs. You may find distinctive features with each. However, the charges asked by them vary. You can rely on the top broker with perfect plans for you.

Compare Top 10 Stock Brokers in India 2018-19 and find perfect one among these 10 Leading Brokers in India

Top 10 Stock Brokers in IndiaTrading Account Opening FeeAccount Maintenance ChargesBrokerage offered by leading stockbrokersBrokerage in MCX/NCDEXTrading PlatformRatings out of 10
Wisdom CapitalFreeZero in its ultimate plan0.00% in all segments0.00% in all segmentsNSE NOW, NEST, Fox Trader8.5
ICICI DirectRs. 975Rs 500(1 year onwards)For Less than ₹ 25 Lakhs, 0.75%NATrade Racer7.8
RKSVRs 150Rs 150 / yearNormal: 0.55%Rs 20 per tradeUPSTOX PRO7.5
Kotak SecuritiesRs. 750Rs 600(one year onwardsRs 21 per executed order intradayNAKEAT PRO X7
HDFC SecuritiesRs 999Rs. 750/year0.50%NAHDFC Securities Blink7.2
Trade Smart onlineRs 200Rs. 300Rs 15 per executed orderRs 15 per executed orderNSE NOW, NEST7
Angel BrokingRs 0.00Rs 450 /year0.50%0.12% to 0.4%Angel Speed Pro6.5
ZerodhaRs 300Rs 300 / yearRs 20 per tradeRs 20 per tradeZerodha PI7
ShareKhanClassic Acc: Rs.750, Trade tiger acc: Rs 1000Rs 400 /year0.5% Delivery, 0.1%0.10%Trade Tiger6.8
5PaisaRs. 650Rs. 400 / yearRs 10 per executed orderTrading in MCX/NCDEX is not available5 Paisa Trade Station6

Some other factors to be considered while opting among 10 Leading Share Brokers in India

Lowest Brokerage Charges or Fees

Consider the fees and other pricing that brokers are charging. But it will be good for you not to overemphasize things. In the same way, understand the services offered. These brokerage houses have generally two plans. One is for intra-day traders and the other is good for long-term investors. The top 10 stock brokers mentioned below include full time broker too. But, major part is focused on discount brokers. All the counter parts have varying brokerage scheme supporting the low brokerage concept. The broker offering even the alternative of free trading in its freedom plan is Wisdom Capital. 

Research & Reports

Such a thing permits the investors to read the analysts’ reports on sectors and companies of interest or access the data on companies. Most of the full-service brokerages cater research services, unlike discount brokers. Just find out if you need such services, as these might help you to take an effective decision in choosing better stock broker. Not all the brokers listed on the top 10 stock brokers in India provide the consultative services.

Customer Support services

Analyse customer reviews online or on the featured forums or search comments of users on various trustworthy websites. Such insights will give you a good idea of the working method of the brokers. The excellent client helping services contribute to the overall image formation of the stock brokers in India.

Visit local office

Check if broker’s house possesses a local office. In the same way, if you think you want some orders dealt directly with representative instead of a recording, find out if such a thing is possible by visiting the local office. If that is true check the cost associated. Nowadays, most of the brokerage firms have an online facility that can be used anywhere. 

Detailed structure of Top 10 stock brokers in India

Wisdom Capital:

Wisdom Capital is one of the best discount brokerage firm, as it provides you the lowest brokerage plans and amazing trade experience. Besides zero brokerage, it involves many technological aspects for your convenience in the trade. It offers updated versions of a web, desktop, and mobile applications. While moving in the direction of opting for best share broker suitable for your trade, you must have the idea of enticing feature of Wisdom Capital which offers free trading for the lifetime at BSE/NSE stocks, future & options and Commodity trading account at MCX/NCDEX all segments.

 It is justifying Lowest brokerage charges in India in a true sense  (0% Brokerage). You will not encounter any misconceptions like in case of other stockbrokers who are charging as per executed order etc or upfront charges, on a monthly or yearly basis. For instance, SasOnline is charging Rs 9 per executed order and Zerodha is charging Rs 20 per executed order, same in case of many others who claim to follow zero brokerage, but unable to justify the same. So Wisdom Capital has become a trendsetter in the context of following plan. You ought to visit its freedom, pro and ultimate plan given in the table.

Brokerage

Brokerage in FNO (NSE/MCX)ZERO (0%)9/TradeFuture: 0.005 (NSE/MCX), Options : Rs.15/Lot  0.005% Delivery0.005% Delivery

PlansFreedom PlanPro PlanUltimate Plan
Account OpeningFreeFreeFree
Brokerage in CashZERO (0%)0.005% Intraday0.005% Intraday
ValidityLifetimeLifetimeLifetime


Margin

Wisdom Capital is providing highest margin among other stock brokers in the market as per brokerage plan.

SegmentsFreedom PlanPro PlanUltimate Plan
 EquityUpto 5 times for Intraday & 1 time for Delivery tradingUpto 40 times for Intraday & 4 time as for DeliveryUpto 60 times for Intraday & 5 times for Delivery
 Equity FuturesUpto 2 times for IntradayUpto 6 times for IntradayUpto 10 times for Intraday
 Equity OptionsNo Leverage buying, Shorting Intraday upto 2 timesNo Leverage buying, Shorting Intraday upto 6 timesNo Leverage buying, Shorting Intraday upto 10 times
 Currency FuturesUpto 2 times for IntradayUpto 6 times for IntradayUpto 10 times for Intraday
 Currency OptionsNo Leverage buying, Shorting Intraday upto 2 timesNo Leverage buying, Shorting Intraday upto 6 timesNo Leverage buying, Shorting Intraday upto 10 times
CommodityUpto 2 times for IntradayUpto 6 times for IntradayUpto 10 times for Intraday


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
10891010109.5

 

Zerodha

Zerodha is one of the leading stockbrokers in the Indian market. Due to its huge trading volume, customers and growth, it is considered as trustworthy. The headquarters of Zerodha is in Bangalore. Among the various stock brokers in India. Anyone who would like to open an account online can walk into its franchise offices and take the benefit of its services.

An organization that enhances the trade of equities and other avenues between the buyer and seller is a brokerage firm. A discount broker or an online broker is a brokerage house that performs the trade at low brokerage rate. Full-service stockbroker will charge a very high premium for their services.

Brokerage

Equity Intraday 0.01% or Rs 20/ trade  whichever is lower
F&O 0.01% or Rs 20/ trade  whichever is lower
Currency F&O 0.01% or Rs 20/ trade  whichever is lower
Equity DeliveryFree
Commodity 0.01% or Rs 20/ trade  whichever is lower

Margin

Equity Intraday4 to 10 times
Futures40 % of exchange set margin
Options40 % of exchange set margin on buying & no margin on buying
Currency F&O100% of exchange set margin
Commodity50% of exchange set margin


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
79961078

 

UPSTOX

RKSV, which is Mumbai based stockbroker is also known as Upstox, it has started its journey in retail segment in the year 2012. Since then it has proved its prominent existence by providing services like lowest brokerage plans, efficient trading platform. RKSV allows multiple trading segments like stocks, future, currency, option, and commodity. Here, equity delivery trading is free and it offers IPO investment too. Annual maintenance charge is nil.

Trading Platform and mobile app

It has one of the advanced trading platforms in India available in desktop, web and mobile versions namely Nest, Upstox Pro web, and Upstox Pro mobile.

Brokerage

Equity0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)
 Equity OptionsRs 20/executed order or 0.01% whichever is lower
 Equity FuturesRs 20/executed order or 0.01% whichever is lower
 Currency OptionsRs 20/executed order or 0.01% whichever is lower
 Currency FuturesRs 20/executed order or 0.01% whichever is lower
 CommodityRs 20/executed order or 0.01% whichever is lower

 

Margin

 EquityUpto 20 times for intraday, 0 for delivery
 Equity OptionsBuying no leverage, shorting upto 4 times for intraday
 Equity FuturesUpto 4 times for intraday
 Currency OptionsBuying no leverage, shorting upto 4 times for intraday
 Currency FuturesUpto 4 times for intraday
 CommodityUpto 3 times for intraday

 

Customer Support: In this, 24/7 support service and live chat option are not available but it provides better email support services.

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
7887656.8

 

SAS Online

In the stock market, there are many sorts of calculations one has to go through before any kind of investment. There are lots of options you can go for, but you have to check all the essentials of the trade so that better decision can be taken which can help you to achieve the desired goal. The broker is not mentioned in list of top 10 stock brokers in India as that contains major share brokers in the market in discount as well as a full time broker category. However, if separate out the list of top 10 discount stock brokers, the broker simply appears there.

It has been incorporated in 1995 and exchanges enabled are BSE, NSE, MCX.

Trading platforms available with SAS online are:

  1. NOW Trader– Free software provided by NSE. Equity, derivatives, commodity and all accessible on this It is present in web and mobile and desktop versions.
  2. NEST Trader– Fast execution of orders, as well as real-time monitoring, is available. This is a nice trading terminal. Similarly, it’s reliable and efficient.

 

Brokerage

 Equity OptionsChoose from Unlimited for Rs 999/Month or Rs 9/Executed order
 Equity FuturesChoose from Unlimited for Rs 999/Month or Rs 9/Executed order
 Currency OptionsChoose from Unlimited for Rs 499/Month or Rs 9/Executed order
 Currency FuturesChoose from Unlimited for Rs 499/Month or Rs 9/Executed order
 CommodityChoose from Unlimited for Rs 999/Month or Rs 9/Executed order

 

 Margin

EquityUpto 20 times for Intraday & 0 for Delivery
Equity FuturesUpto 5 times above Span
Equity OptionsBuying 0 & Shorting upto 2 times
Currency FuturesUpto 2 times for Intraday
Currency OptionsBuying 0 & Shorting upto 2 times
CommodityUpto 5 times on Span

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
87761077.5

 

Share Khan

It was established in 1992, Sharekhan is a leading full-service broker firm in India. It is considered as one of the popular brokers in India. It has offered several trading platforms to prove its solid existence. It contains online mobile trading terminal, desktop-based trading terminal, trade through its branch offices. Sharekhan is also offering online training and workshop to all traders. It doesn’t take any cost for online funds transfer from the bank account and vice versa. It doesn’t cost for DP transactions. 

Brokerage

 Equity0.03% for Intraday & 0.3% for Delivery – Negotiable
 Equity OptionsRs 50/lot – Negotiable
 Equity Futures0.03% of Turnover – Negotiable
 Currency OptionsRs 20/lot- Negotiable
 Currency Futures0.03% of Turnover- Negotiable
 Commodity0.03% of Turnover- Negotiable

 

Margin

 EquityUpto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
 Equity OptionsNo Leverage
 Equity FuturesUpto 2 times for Intraday
 Currency OptionsNo Leverage
 Currency FuturesNo Leverage
 CommodityUpto 2 times for Intraday

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
29991047.3


Trade Smart Online

It was incorporated in the year 1994 as VNS Finance & Capital. It has a membership with NSE and BSE and demat is registered with CDSL. Brokerage charge is Rs 15 per executed order.

  • Trade Account Opening Charges- Rs 200
  • Demat Account Opening Charges- Rs 200
  • Annual Maintenance Charges- Rs 300

It has two different trading platforms namely NOW and NEST. You can also have benefits of  Mobile trading and charting. Its customer support service is much better than that of Share Khan, as it is also available through live chat on its website. You can use their services as per your need. As if you are not trading, then there will not be any monthly charges.

Brokerage

 Equity FuturesChoose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 Currency OptionsChoose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 Currency FuturesChoose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 CommodityNA


Margin

 EquityUpto 5 times for intraday, 0 for delivery
 Equity OptionsNo Margin
 Equity FuturesUpto 2 times for intraday
 Currency OptionsNo Margin
 Currency FuturesUpto 2 times for intraday
 CommodityNA


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
88781098.3

 

5 Paisa.com

5paisa is part of India Infoline (IIFL), India’s leading financial services company. 5paisa has revived with new brokerage model for online stockbroking services in late 2016. 5paisa is a Mumbai based discount stock broker in India.

India Infoline is the parent company of 5 Paisa, that was incorporated in 1995. IIFL group offers a number of financial products in more than 800 branches.

Brokerage

 Equity10 Rs Per executed order
 Equity Options10 Rs Per executed order
 Equity Futures10 Rs Per executed order
 Currency Options10 Rs Per executed order
 Currency Futures10 Rs Per executed order
 CommodityNA

 

 Margin

 EquityUpto 15 Times for Intraday & 5 Times for Delivery(Interest charged)
 Equity OptionsUpto 2 Times for Intraday
 Equity FuturesUpto 2 Times for Intraday
 Currency OptionsUpto 2 Times for Intraday
 Currency FuturesUpto 2 Times for Intraday
 CommodityNA


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
28871036.3

 

SAMCO

It has been incorporated in the year 2008. It’s demat is registered with CDSL and exchanges enabled for broker are MCX, BSE, NSE.

In Market Segments, it includes Equity Cash, Equity Futures & Options, Currency Futures & Options. The company primarily serves to retail and corporate clients.

Brokerage

EquityRs 20/executed order or 0.02%(intraday) or 0.2%(delivery) whichever is lower
 Equity OptionsRs 20/executed order or 0.02% whichever is lower
 Equity FuturesRs 20/executed order or 0.02% whichever is lower
 Currency OptionsRs 20/executed order or 0.02% whichever is lower
 Currency FuturesRs 20/executed order or 0.02% whichever is lower
 CommodityRs 20/executed order or 0.02% whichever is lower

 

Margin

 EquityUpto 15 times for Intraday, No leverage for delivery
 Equity OptionsBuying no leverage, Shorting upto 2.5 times for intraday
 Equity FuturesUpto 2.5 times for intraday
 Currency OptionsBuying no leverage, Shorting upto 2.5 times for intraday
 Currency FuturesUpto 2.5 times for intraday
 CommodityUpto 2 times for intraday

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
77781037

 

Prostocks

Prostocks was founded in the year 2016 and soon became a competitor among the existing share brokers in the market. It has registered head office located in Mumbai, With accessibility in various segments of the market such as Equity, currency, derivatives, Mutual Funds, depository services, NRI trading services.They are unable to manage for the membership of MCX and NCDEX due to lack of enough resources. Pricing, tools and investment choices are available. The Trading platform is present with an updated version of a mobile app.

Brokerage

EquityFlat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Equity OptionsFlat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Equity FuturesFlat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Currency OptionsFlat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 499/monthly, Rs.4,999 Unlimited Trading Per Year
 Currency Futureslat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 499/monthly, Rs.4,999 Unlimited Trading Per Year
 CommodityNot Available

 

Margin

EquityUpto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity OptionsNo Leverage
 Equity FuturesUpto 2 times for Intraday
 Currency OptionsNo Leverage
 Currency FuturesNo Leverage
 CommodityUpto 2 times for Intraday


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
8553514.5

 

ZeroShulk

In the year 2008, it has achieved its membership of MCX stock exchange. It offers low brokerage rate and zero account opening charges. Besides this, it also asserts zero charges for the first year of the annual maintenance fee. Zeroshulk claims to be in the business for 3 decades but it has failed to acquire enough number of clients as As per records, it has around 2000 active clients these days. It was incorporated in the year 2015.

Brokerage

EquityChoose from Unlimited for Rs 999/Month or Rs 15/Executed
 Equity OptionsChoose from Unlimited for Rs 999/Month or Rs 15/Executed
 Equity FuturesChoose from Unlimited for Rs 999/Month or Rs 15/Executed
 Currency OptionsChoose from Unlimited for Rs 999/Month or Rs 15/Executed
 Currency FuturesChoose from Unlimited for Rs 999/Month or Rs 15/Executed
 CommodityChoose from Unlimited for Rs 999/Month or Rs 15/Executed

 

Margin

 EquityUpto 20 times intraday, 0 for delivery
 Equity OptionsNA
 Equity FuturesUpto 4 times intraday leverage
 Currency OptionsNA
 Currency Futures2 times intraday leverage
 CommodityUpto 5 times intraday leverage

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
8653514.6

 

Fyers

While choosing Finvasia as your stockbroking service provider, you need to know, what type of stocks it is dealing with. There are a number of segments in the market like cash, derivatives, currency, commodity and each of these markets is separated from each other. With Fyers you can trade in Equity, F&O and Currency on NSE. Here Fyers is extended as Focus Your Energy and Reform the Self. It is seen in the top 10 share brokers list in budget brokers category.

 Exchanges enabledNSE, BSE
 Demat (NSDL/CDSL)NSDL- Partnership with ILFS

 

Brokerage

 EquityRs 20 per executed order
 Equity OptionsRs 20 per executed order
 Equity FuturesRs 20 per executed order
 Currency OptionsRs 20 per executed order
 Currency FuturesRs 20 per executed order
 CommodityRs 20 per executed order

 

Margin

EquityUpto 15 times for Intraday
 Equity FuturesNA
 Equity OptionsNA
 Currency FuturesNA
 Currency OptionsNA
 CommodityNA

 

Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
7773525.1


TradePlus online:

Being established in 1983 as Navia Markets Ltd, it has emerged as a leading stockbroker, which had shown its potential at starting stage itself.

In terms of Customer Care, their customer support is impressive as they have toll free no to call, email support and SMS service too. Their Back office support is also very good with a high degree of performance.

The full product and services of the company include trading in equity, Intra-day, future and option, currency and commodities on NSE, BSE and MCX, TradePlus gives its own DP services which has a membership with NSDL.

With its vetted brokerage plans, it provides high scale customer acquisition at low cost.

Brokerage

 Equity0.1% delivery and 0.01% intraday
 Equity OptionsRs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 Equity FuturesRs.799/- per month (unlimited zero brokerage trading) – Refundable plan or 0.01%
 Currency OptionsRs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 Currency FuturesRs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 CommodityRs.99/- per month (unlimited zero brokerage trading) – Refundable plan

 

Margin

Equity30 X on NIFTY 50 Stocks
Equity FuturesSPAN/4 on Indices and NIFTY 50 stocks
Equity Options2 times on selling
Currency Futures2 times intraday
Currency OptionsNo leverage
CommoditySPAN/4
  


Rating as per following aspects:

BrokerageTrading SoftwareMobile AppLeverageSafety of fundsCustomer SupportOverall rating
87511035.6

7 thoughts on “Top 10 Stock Brokers In India

  1. I am very thankful to the author for posting such an useful information. Top 10 stock brokers in india post has taken a big load from my side. It has lighten me up by sharing exact information. That proved beneficial in reaching top share broker in india

  2. Series of top 10 stock brokers in India given here, proved beneficial for me. I was struggling to get the right broker as there were so much noise in the industry due to large number of brokers prevalent in broking industry these days. The listing of 10 major stock brokers not only removed the unwanted information but also focuses on the flexibility we can feel while choosing the perfect stock broker. It totally depends person to person that which broker can emerge as the best stock broker for the trading. The needs are different, one can demand low brokerage and one may have the priority to take advantage of huge margin. The information given here is precise and accurate, I find it easy to go ahead with trading now.

    1. Yes , you can check the individual reviews on top 10 stock brokers on our website. Go to homepage and select discount brokers on top menu bar

  3. Above facts are true. I have gone through the review of all brokers appeared into the top 10 stock brokers in India given here. Good collection of brokers with useful plans. The lowest brokerage stock brokers are beneficial according to my trading plan. I have seen other list of top 10 stock brokers on many other websites too. But majority of them were displaying full time brokers like ICICI Direct, HDFC Securities, Angel broking etc. Though, they are also well recognized brokers still charge heavy brokerage that does not suit all traders which are looking for low brokerage plans. Here, I got what I needed. Keep writing such stuff, proved quite useful.

  4. Nice review . Earlier I was troubled that which broker to choose . Here it is quite clear as the list given depicts the top 10 stock brokers in India . That has reduce the traffic of 100+stock brokers. And, it has given the most recent collection of 10 major stock brokers in India

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