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
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.
Upstox is a Discount Broker, incorporated in 2012. It offers trade 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 Fast Growing discount broker and is Currently 2nd Largest Broker in India in terms of Active Clients, After Zerodha.
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.
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.
In March 2016, 5paisa.com began operations and became the 2nd largest discount stock broker in India by December 2018. 5Paisa offers numerous investing 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.
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.