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Best Stock Brokers In India 2021 – Detailed Comparison

Indian Stock Market is rapidly Growing and emerging to become one of the biggest Stock markets in the world. Amid this lock-down, many Indians have recognized the potential of Investing and Adapting Trading as a Profession to generate Passive income. Many of such People started Investing and some are still searching for resources to start their Journey in the Stock Market.

For those who don’t know, Investments in the Market are done through Stock brokers. The selection of your stockbroker is one of the key moves you take when joining the investment world. If you don’t have a broker, you can not begin to invest/trade.

Now, this raises a big question “Which are the Best Stock Brokers In India 2021 for Investing in the Indian Stock Market?”

Our Top Picks For Best DEMAT & Trading Account in India in 2021

These are Our recommended TOP BROKERS to open DEMAT and trading account in India for Trading or Investing.

5 Best Stock Brokers In India in 2021- Detailed Comparison

Best Stock Brokers In India 2021

1. Zerodha – India’s #1 Stock Broker

Zerodha, founded in 2010, is the No. 1 Stockbroker in India. It has the largest Active Client Base. It has Best-in-Industry Trading Platforms and Tools. Zerodha allows investing in Almost Everything like: Stocks, IPOs, Futures and Options, Commodity derivatives, Currency derivatives, Direct mutual funds, Bonds and Govt. Securities.

  • Trading & Demat Account Opening Fee Rs 200
  • Zero Brokerage on Equity delivery, Flat Rs 20 or 0.03% (whichever is lower) per executed order for Intraday and F&O
  • Up to 9x Margins (based on the stock) for Intraday trades
Pros
  • Best in Class Trading Platforms & Tools
  • Instant Online Account Opening
  • Varsity for learning Trading & Investing
  • In-Built Fundamentals and Technical Analysis Info
Cons
  • No Tips, Research Reports, or advisory
  • Lifetime Free AMC Account not available.

2. Upstox

Upstox is a Discount Broker, incorporated in 2012. It offers trading in BSE, NSE, MCX. It has 4 branches throughout India. Upstox is backed by a group of leading investors including Kalaari Capital, Ratan Tata and GVK Davix. It is one of the Fast Growing discount brokers and is Currently the 2nd Largest Broker in India in terms of Active Clients, After Zerodha.

  • Account Opening Charge: ZERO, Monthly Maintenance Charge: Rs 25/-
  • Zero brokerage on Equity Delivery, Flat Rs 20 or 0.05% (whichever is lower) per executed order for Intraday and F&O
  • Up to 5x Margins (Based on the Stock) for Intraday Trades
Pros
  • Free Account Opening
  • Advance Orders including AMO, CO and BO are available.
  • Margin Against share is available
  • Many Brokerage Plans to suit Customer requirement
Cons
  • 3-in-1 Account not available
  • No Tips, Research Reports, or advisory
  • Lags/Hangs during peak hours sometimes

3. Groww

Groww, founded in 2016, initially began as a direct investment platform for mutual funds. In the mid-2020s, Groww expanded its product offering to include equities trading. The company also offers Digital Gold, US Stocks, and Fixed Deposit as additional investment options for its customers. You can now invest in Stocks, Mutual Funds, Future and options, US Stocks, Gold, etc with Groww.

  • ZERO Trading & DEMAT Account Opening Fee
  • Zero Brokerage on Equity Delivery, Flat Rs 20 or 0.05% (whichever is lower) per executed order for Intraday and F&O
  • Up to 6x Margins (based on the stock) for Intraday Trades
Pros
  • Simple pricing/ Brokerage Model.
  • Zero Account Opening Fee
  • Zero Demat AMC Charges
  • Instant paperless Account Opening
Cons
  • No Tips, Research Reports or advisory
  • Advanced order types like BO, CO, AMO, and GTT not available
  • No Call and Trade service

4. Sharekhan

Sharekhan was incorporated in 2000 and is a full service broker. It offers trading in BSE, NSE, MCX. It has 2,800 branches throughout India. Sharekhan trading platform is available for free to all customers. Sharekhan offers an installable trading application for PC- TradeTiger, the most powerful and advanced trading software available in India. 

  • ZERO Trading & DEMAT Account Opening Fee, No AMC for 1st Year (Rs 400 Second year onwards)
  • Brokerage is 0.50% for Equity Delivery and 0.10% for Equity Intraday (Classic Plan)
  • Up to 10x Margins (Based on the Stock) for Intraday Trades
Pros
  • FREE Call & Trade facility
  • Numerous charting features
  • Many Brokerage Plans to suite Customer requirement
  • Higher your trade, brokerage gets reduced
  • Real-time news & research recommendations
Cons
  • 3-in-1 Account not available
  • High Brokerage charges in comparison to discount brokers.
  • Adds Funds only via bank transfer

5. 5Paisa

In March 2016, 5paisa.com began operations and became the 2nd largest discount stock broker in India by December 2018. 5Paisa offers numerous investment options like: Stocks, Mutual funds, Commodities, Currency, F&O, Bonds, Digital Gold, etc. 5paisa Capital Ltd is a publicly traded and professionally managed company promoted by IIFL founders.

  • Free Account Opening, Maintenance Charge: Rs 45/monthly
  • Fix Brokerage Rs 20 Per Trade
  • Up to 10x Margins (Based on the Stock) for Intraday Trades
Pros
  • Paperless Account Opening
  • Invest in US stocks with Vested
  • Stock Tips, Research Reports and Advisory
Cons
  • 3-in-1 Account not available
  • High Demat Debit transaction charges
  • High Maintenance charges

In our Best Stock Brokers in India 2021 Comparison, We concentrated more on Quality than Quantity. Our research was primarily focused on the number of active customers, customer review, brokerage fees, customer care services, Trading Platform features, etc. You can Read our detailed Guide on How to Choose a Stockbroker in India, here.

So the most important thing to consider before choosing the Right Broker is the customer-based services they offer. This Best Stock Brokers in India ranking varies from time to time and will be updated as needed. Do Share Your Review of Your Stock Broker in Comments below.

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