Best stockbroker in India

15+ Best Stock broker in India

Investment is a part of everyday life. We invest in our family, friends, and education. Sometimes this investment is emotional but often it is monetary and thus investing a large amount of money becomes a difficult task.

Therefore, stockbroker, sharebroker or investment broker are not unheard terms nowadays. Every one of us wants to have a kind of insurance protection for our shares and the money that we put into the stock market which is most precious to us to be with the best stockbroker in India to avoid unnecessary risk.

A stockbroker is a type of company or investment advisor that works for the benefit of their clients by providing relevant and professional help followed by stock purchase and sale.

This service is usually a paid service collected under commission, price spread or hourly fee. Some of the best stock broker in India have zero brokerage which is the reason why they are considered the best stock broker in India. 

Financial stability has always been a preference to all, be it someone with a family or a spinster. Money has been and always will be at the top of the ecosystem of life and a universal factor and that remains the focus to find the best stock broker in India.

People are growing anxious day by day to find the best stock broker in India to install the best trading accounts for their stock market fundings. 

The Security and Exchange Board of India Act, 1992 is the governor of the stockbroker in the Indian market.

Currently, there are more than three thousand stock broker firms in India which comprise of the best stockbroker in India working full time and all brokers in the country must be registered by the governing body.

A balanced ecosystem of the stock exchange is maintained by the National Stock Exchange of India and the Bombay Stock Exchange so that a decorum among working brokers is maintained.

Two categories of Stockbrokers in India who make the list of the Best Stockbroker in India are-

1. Full-service Brokers

Those who have a variety of products and services with multiple advisory teams for support of the customer

2. Discount Stock Brokers –

These are online brokers who only offer stock and trading related services. Advisory and other tools are not included in the service. 

 It is seen that the best stockbroker in India are from both of the categories so there’s no reason to point any one category as superior. 

Steps one Should Follow Before Choosing the Best Stock Broker in India:-

1. Quality Research item

Having a strong research team on board is always a must-have for being the best stock broker in India.

What a strong quality research team implies is not just having a brand value to itself but along with the brand popularity, it is equally and more crucial to have a high-quality research team that can produce relevant data for clients to improve their investment chances.

To be the best stock broker in India one should be equipped with providing reliable information regarding market trends, economic reports, IPOs, and other data so that the clients can invest accordingly and over the past few years it has been seen that some of the best stock broker in India are focusing on improving their research and advisory team.

Also, the information should be from a genuine source.

Some of the best stock broker India are India Infoline, Motilal Oswal, ICICI direct etc. and this is the very first point one should look for before choosing the best stock broker in India. 

2.Brokerage & Margin Rate –

As mentioned, the stockbroker charges some amount of money for their provided services. This amount is due to be paid by the customer availing services. It could be in any desired form depending on the policy of the firm.

However, initially, this amount used to be large and customers were supposed to pay up a great sum of money as commission or fee which affected their investment amount.

But in the current scenario, the brokerage charges and the margin fee is reduced significantly and usually the amount paid by customers as a brokerage is 1/5th of the total amount and these firms are considered as the best stock broker in India. 

Some of the best stock broker in India in terms of low brokerage charge are Zerodha, Angel Broking, 5Paisa etc.

3. Products & Services –

For any amount of fee that a client pays for, it is essential to know the products and services which are offered by the stockbroker firm.

Due to less brokerage charge, discount brokers fail to offer some of the services that are available at a full charge but are still a significant part of the best stockbroker in India list. Therefore, it is crucial to be cognizant of the products and services that any stockbroker firm offers before investing any money into it.

It is often seen that full-service brokers have the complete package of services for the clients which discount brokers don’t have.

So it fairly depends on the individual on what he/she prefers to have. Some of the best stock broker in India in terms of best products and services are Zerodha, Angel Broking, India Infoline etc. 

4.Trading Platforms –

It is one of the most important features to be considered while choosing the best stock broker in India.  Software provided by the broker with errors and low speed is completely useless because it won’t provide you with the best trading experience and these types of faults are not seen in the best stock broker in India.

Tools offered by the providers such as analytical tools, charts, watch-list etc should be present to become the best stock broker in India.

Lastly, the trading platform should be user-friendly so that there’s no issue accessing the platform. Along with this, a mobile tracking app is also useful if given. Some of the best stock broker in India for trading platforms are Zerodha, IIFL, Sharekhan etc

5.Others –

Other factors and steps to keep in mind before choosing the best stock broker in India are to look for a firm that has the most or high-quality experience in the field. Experience brings a lot of confidence in both the broker and the client and thus is necessary to go for the one with the highest quality of experience irrespective of the cost.

Along with this, one should also look for decent customer support in the best stockbroker in India firm because you don’t want your broker to be unprofessional and immature when it comes to stock investment.

Therefore, following these points can help in shortlisting the best stock broker in India which is best for your needs. 

Best Stockbroker in India are:-

We are going to discuss in depth some of the best stock broker in India and the reason why we need to mention the best stock broker in India is that choosing the right firm it is essential to know the difference between the best stock broker in India so that one can choose the best stock broker in India by comparing on different grounds and then deciding on their own whether the company is worthy of the best stock broker in India title or not. 

1. Zerodha 

 Zerodha is a discount broker often regarded as the first and the most successful one in the country.

Some even prefer calling it the best stock broker in India. Nithin Kamath, the founder of the company started in 2010 has managed to make the company one of the prominent and popular names among the best stock broker in India. 

In terms of the customer base, Zerodha has the highest number of customers registered with the firm which makes it most appealing to other customers because it implies that the quality of products and is marked as the best stock broker in India.

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/ order
  • Commodity Trading – Rs. 20/order
  • Minimum Brokerage – Free
  • Demat AMC Charges – Rs. 300/annum
  • Trading AMC Charges – Free

The charge-free equity delivery has been the most prominent policy of the firm since December 2015. Hence, there is no brokerage charge which stands out and defines Zerodha as the best stock broker in India as well a Discount Broker. 

2. Wisdom Capital 

Wisdom capital is among the growing new-age stock broker house in India. It is the best stock broker in India with highly influential service and products at the best market price rates. It has 250 franchisee networks and supports from different sectors such as BSE and NSE.

The brokerage rate and trading accounts charge are much lower and thus, the firm has become popular in the low amount of time that it has been established.

Wisdom Capital is among the best stockbroker in India with services such as Equity Trading, Derivative Trading, Commodity Features, Depository Trading, Data Feed, Mutual Funds, Insurances and much more which has attracted customers from different segments helping the firm reach the position of the best stockbroker in India. 

The brokerage plans offered by the company are Freedom Plan, Pro Plan, Ultimate Plan and Plan Comparison. Along with this, the company offers tools such as brokerage calculator, margin calculator etc for the benefit of customers. 

Charges & Fees-

  • Equity Delivery Trading – 0.05%
  • Equity Intraday Trading – 0.01%
  • Commodity Options Trading – Rs. 9
  • Minimum Brokerage – Free
  • Demat AMC Charges – Rs. 999 for a lifetime ( excluding tax)
  • Trading AMC Charges – Free

All these charges conclude that the company is one of the best stock broker in India. 

3.Upstox

Upstox is a discount broker private company which has its headquarters in Mumbai. The company started under the name of RKSV and later was changed to Upstox. Being one of the best stock broker in India it offers a variety of retail products and services in the stock market.

The firm was established in the year 2011, by Raghu Kuma, Ravi Kumar and Shrinivas Vishwanath and in lesser time has become the best stockbroker in India. The services are usually low costing and the trading is offered upon various categories like equities, currency, futures etc.

The trading platform by upstox is designed to provide customers with a user-friendly and seamless experience their hassle-free services makes them the best stock broker in India.

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20
  • Commodity Options Trading – Rs.20
  • Minimum Brokerage – Rs. 20
  • Demat AMC Charges – Rs. 150/ annum
  • Trading AMC Charges – Free

The cost of opening a trading account with upstox is nill and that for trade-in equity delivery as well. Therefore, the company is one of top stock broker in India. 

4. Angel Broking 

Angel Broking is a private company type full-service broker which has its name among one of the best stock brokers in India. The firm began in the year 1987 by its founder Dinesh Thakur.

The strong points of the firm are its high rating in terms of experience in the stock business as well as a high-quality advisory team that continuously helps customers with stock trading and other modules.

Angel Broking is registered with CDSL as a Depository participant. Also, the firm is legally a part of the Bombay Stock Exchange and National Stock Exchange. The customer base of the firm is approx 1 million with offices in a thousand cities and clearly the company in among the best stock broker in India

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/order
  • Commodity Options Trading – Rs. 20/ order
  • Minimum Brokerage – Rs. 20/ order
  • Demat AMC Charges – Free/ Rs.300
  • Trading AMC Charges – Free

The firm has a rate of Rs. 20/ order for all services but equity delivery. This service is termed as Angel i-Trade Prime. Angel Broking is yet again one of the best stock broker in India.

5. HDFC Securities

HDFC Securities is a product of HDFC Bank which is solely devoted to the trading business and clearly one of the best stock broker in India. It offers online trading services even through mobile phones and has become of the best stock broker in India.

It is a public sector full-service broker commencing from the year 2000. One of the design features of HDFCSecurities is the availability of the 3-in-one account which is the trading account, Demat account and bank account all combined in one single account.

Being the best stock broker in India, the firm provides a variety of products and services in term of the stock market such as Day trading, Cash-n-Carry, online IPO investment etc.

The brand value of the HDFC Bank does affect the popularity of HDFC Securities by proving trust and dependency among customers which motivated the firm to reach the best stock broker in India position. 

Charges & Fees:

  • Equity Delivery Trading – 0.505
  • Equity Intraday Trading – 0.05%
  • Commodity Options Trading – Free
  • Minimum Brokerage – Rs. 25
  • Demat AMC Charges – Rs. 300/ annum
  • Trading AMC Charges – Rs. 500/ annum

However, sometimes the brokerage rate for the services differs from the given rate depending on the type of service. The amount users can store as margin money is Rs. 25,000 at all times. But all in all the firm is a success and best stock broker in India.

6. Kotak Securities

Kotak Securities is a brokerage firm with a label of being unconventional with their services and products. The firm has showcased new age technology and innovative ideas when it comes to stock broking modules.

The company began its work in the year 1994 and is rising to become one of the best stock brokers in India. It is undeniable that the reach of Kotak securities is far stretched due to their 1200 branches all over the country and a customer base of over six lakhs. In terms of innovative ideas and the use of technology.

Kotak securities gave birth to the idea of a mobile tracking app for all trading investments which was creative and grasped much attention in the market and so the firm was famously termed as the best stock broker in India.

They launch a Mobile Stock Trading App that helped customers track their recent and previous investment just by a few clicks. Along with this they also introduce the SMS alert service for customer reminder. There vast no. of service has helped them in becoming the best stock broker in India.

Charges & Fees:

  • Equity Delivery Trading – For Standard plan – 0.49%, FRee Intraday plan – 0.49%
  • Equity Intraday Trading – For standard plan – 0.049%, Free Intraday plan – Rs. 999/ annum
  • Commodity Options Trading – For standard plan- Free, FRee Intraday plan – FRee
  • Minimum Brokerage – For standard plan- Rs. 21/trade, Free Intraday plan – Rs. 21 per day
  • Demat AMC Charges- for standard plan- Free/Rs.300, Free Intraday plan – Free/Rs.300
  • Trading AMC Charges – For standard plan – Rs. 500/ annum, for Free Intraday plan – Free

7. Sharekhan

Sharekhan is one of the best stock broker in India. It is a public type full-service broker which is considered to be the best online trading and best stock broker in India. It is often said that Sharekhan primarily spread the whole concept of online trading in the country.

Hence, is considered to be the top full-service broker in the country. The firm as established in the year 2000 by its founder Shripal Morakhia and in no time became the best stock broker in India. 

Today Sharekhan has a customer base of more than 1.4 million which contributes comprehensively to the success of the firm. It has 1850 offices in the country along with some international brands.

Some of the investment categories are IPOs, mutual funds, Demat accounts etc which adds to the inclusion of the firm in the best stockbroker in India. 

Charges & Fees:

  • Equity Delivery Trading – 0.5%
  • Equity Intraday Trading – 0.1%
  • Commodity Trading – 0.1%
  • Demat AMC Charges – Rs. 300/ annum
  • Trading AMC Charges – Free

One unique feature of the firm is that offers both Pre-Paid and Post-Paid Plans. The brokerage for these plans is minimum based on the service and the margin amount and the firm is counted among the best stock broker in India

8. 5Paisa

5Paisa is a public sector discount broker in India which has become one of the best stock broker in India under no time. 5Paisa was established in the year 2016 by Prakash Gagdani and within just a few years the firm has grown to be a popular name among the stockbroking companies.

The reason behind this is mainly the low brokerage charges followed by quality service. It has recorded more than 7,500 customers. The firm is also dedicated to starting with funding loans and developing new products such as IPOs, NCDs etc.

However, it doesn’t have other branches and offices in different parts of the world other than the one in Mumbai still, has managed to become the best stock broker in India. 

Charges & Fees:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/order
  • Commodity Options Trading – Rs.20/order
  • Minimum Brokerage – Rs.10
  • Demat AMC Charges – Rs. 400/ annum
  • Trading AMC Charges – Free

Looking at the above charges and fee, it is quite certain that the minimum brokerage charge has helped them in becoming the best stock broker in India. 

9. Motilal Oswal

Motilal Oswal is a public domain full-service broker based at Mumbai. The firm was established in the year 1987 by its founder Motilal Oswal and Raamdeo Agrawal. The services are all across Private Health, Management, Investment Banking, Home Finance etc and this versatility makes the firm best stock broker in India.

The client base of the firm is also from corporate, financial, investors and others. The reach of the firm is also far stretched with 500 cities and over 10 lakh active customers.

The firm is famous for its high-quality research and advisory team and the results have always been correct and satisfying. This is one of the prominent reasons why Motilal Oswal is among the best stock broker in India. 

Charges & Fee:

  • Equity DElivery Trading – 0.50%
  • Equity Intraday Trading – 0.05%
  • Commodity Options Trading – 0.05%
  • Minimum Brokerage – Based on the % of Transaction.
  • Demat AMC Charges – Free/ Rs. 300/ annum
  • Trading AMC Charges – Free

In terms of the Margin money that has to be maintained by the user at all times, the sum is Rs. 10,000 which is quite low compared to other public sector firms and thus the company is undoubtedly the best stock broker in India. 

10. Axis Direct

Axis Direct is a public company type full-service broker in India. The firm is a product of the Axis Bank Ltd. working in retail management. The firm was established in the year 2011 by its founder Arun Thukral and since then the firm has developed a unique approach in becoming one of the best stock broker in India. 

Although Axis Direct doesn’t have an online presence like other trading houses still, the firm has a reach with 75 branch offices over the country which helps in reaching customers. This is the reason that has helped them in becoming the best stock broker in India.

A reason for this could be the popularity of the brand name attached to it. The products and services of the firm include IPO, Currency Trading, Mutual Funds, NCDs etc.

Asix Direct also allows its customer to choose the 3-in-one account option where they can link all bank, trading and Demat account in one single account that can be used for all purposes and this features highlighted the firm making it best stock broker in India. 

Charges & Fees:

  • Equity Delivery Trading – 0.20% – 0.60%
  • Equity Intraday Trading – 0.03% – 0.05%
  • Commodity Options Trading – Free
  • Minimum Brokerage – Based on % of the transaction
  • Demat AMC Charges – Rs. 650/ annum
  • Trading AMC Charges – Free

The brokerage rate of Axis Direct is initially bit high which is reduced to a flat brokerage rate. The Margin money for the users is Rs. 25,000 which is to be maintained throughout to carry trading services. Therefore, Axis Direct is counted among the top stock broker in India. 

Also Read- Fox Trader

11. SBICap Securities

SBICap Securities is a product of India’s largest and one of the best stockbroker in India. SBICap Securities or initially known as SBI Capital Securities is a public company type full-service broker.

The firm was established in the year 2006 by its founder Arun Mehta and since then it has captured the attention of the market by becoming the best stock broker in India.

 A high amount of it’ retail services is from non-residential and domestic investors. The customer base of the firm is due to its many branches that help customers reach out more comfortably.

Also, the name of the most trusted bank attached to the firm plays a vital role in the success of SBICap Securities. Some of its products are IPOs, ETFs, Bonds, Fixed deposits, Mutual funds etc making the firm one of the best stock broker in India. 

Charges & Fees:

  • Equity Delivery Trading – 0.50%
  • Equity Intraday Trading – 0.08%
  • Commodity Options Trading – Free
  • Minimum Brokerage – Rs. 10/ order
  • Demat AMC Charges – Rs. 400/ annum
  • Trading AMC Charges – Free

The brokerage rate for SBICap Securities can differ and vary from service to service and the Margin money for users is set to be Rs.25,000 to continue trading events. Overall the firm is one of the best stock broker in India. 

12. India Infoline

IIFL or what is also famously known as India Infoline is one the popular financial and the best stock broker in India. The firm is a public domain full-service broker house which offers services in all financial sectors. The firm was established in the year 1995 by its founders Nirmal Jain and R. Venkataraman.

IIFL has a reach of over 4500 branch offices in the country. Some of the main focus of the firm is delivering world-class research analysis and commodity broking service to its customers. This enthusiasm has made the firm reach the top place in the list of the best stock broker in India.

The famous discount broker 5Paisa is a product of the IIFL group.IIFL firm itself is one of the best stock broker in India and has innovated the stock broking business by allowing its customers to invest in all categories by using a single trading account.

The reach of the firm is not only restricted by the national borders but it has reached international platforms such as New York, Dubai, London and many other leading countries. Making it the best stock broker in India.

Charges & Fees:

  • Equity Delivery Trading- 0.50%
  • Equity Intraday Trading – 0.05%
  • Commodity Options Trading – 0.05%
  • Minimum Brokerage – Rs. 0.05/ share
  • Demat AMC Charges – Free/ Rs.400 per annum ( excluding tax)
  • Trading AMC Charges – Free

IIFL offers many brokerage plans at a minimal rate which has helped them in making the best stock broker in India.

13. Karvy

Karvy is a public domain full-service broker house in India. It is among the best stockbroker in India and belongs to the Karvy Group.

The firm was established in the year 1983 by its founder C. Partgasarathy and has its headquarters in Hyderabad.

The products and services of the firm are diverse and unique specially designed to fit the needs of customers in retail and investment business.

The investor group of the firm is both corporate and financial which has helped the firm reach the height in becoming the best stockbroker in India.

Some of the products offered by the company are Fixed deposits, Bonds, Mutual Funds, Commodity broking as well as loans.

Other than this the firm has a diverse analytical approach for its customers in terms of research and advisory service which ultimately helps in transforming the business as of the best stock broker in India. 

Charges & Fees:

  • Equity Delivery Trading – 0.1 – 0.3 %
  • Equity Intraday Trading – 0.01 – 0.03%
  • Commodity Options Trading – 0.01 – 0.03%
  • Minimum Brokerage – Based on % of the transaction 
  • Demat AMC Charges – Rs. 500\ annum
  • Trading AMC Charges – Free

Karvy has two types of brokerage plans for its customer. One is for retail but in low budget and the second is for the high budget or premium customers. Karvy although less popular, is one of the best stock broker in India. 

14. Geojit BNP Paribas

Geojit BNP Paribas group is a full-service broker house in the public domain and offers services mostly in the south region of the country. The firm has become one of the best stock broker in India and offers service is three sectors.

One is Relationship management, second in advisory and trading details and third is Educational training.

The retail firm has a wide customer base of 987,000 plus with a pan India cover of 479 branch offices. In addition to the physical presence of the firm it also offers a telephone helpline service which is designed to serve the needs of the customers.

And this innovation makes firm best stock broker in India. Some of the products by the firm are Mutual funds, Stockbroking, Currency Futures, Equities etc

Charges & Fees:

  • Equity Delivery Trading – 0.30%
  • Equity Intraday Trading – 0.03%
  • Commodity Options Trading – Free
  • Minimum Brokerage – Rs. 15\ order
  • Demat AMC Charges – Rs.400
  • Trading AMC Charges – Free

And so there is no doubt why Geojit is considered in the list of best stock broker in India. 

15. ICICI Direct

The brand value of ICICI bank follows through its retail trading business which is ICICI Direct. It is a public full-service broker type firm established in 1994.

With more than 20,00,000 active customers associated with ICICI Direct, it has come under the list of best stockbroker in India. Some of the famous products offered by the firm are Mutual Funds & IPO, Online equity, Bond, Fixed Deposit, Home Loans etc.

One of the unique features that makes them the best stockbroker in India is that it offers a 3 in one account which is used in retail stock market investment.

The accessibility of the firm is undeniably large with severals of branch officers all over the country which puts the company on the top of the best stock broker in India list. 

Charges & Fee:

  • Delivery Trading – 0.55%
  • Intraday Trading – 0.03%-0.055
  • Equity Options Trading – Rs. 35 – Rs. 95 per order
  • Minimum Brokerage – Rs. 35/ trade
  • Demat AMC Charges – Rs. 500/ annum
  • Trading AMC Charges – Rs. 975/ annum

Traders and investors need to have a minimum of Rs. 20,000 at all times to have effortless trading experience. Overall the placement of the firm among the best stock broker in India is no surprise. 

Best Online Trading Account in India

To begin with, the best stockbroker in India should also have the best trading accounts in India. The difference between Trading account and Demat account. A trading account is the one which is used for the purchase and sale of orders in the stock market.

While a Demat account is simply a digitised version of the account which also acts like a bank where one can store, transfer, sell and buy shares from the stock market. Trading account is purposely used for trading events in the market and long term investments.

While there is a difference, still, both accounts make the stockbroking firm count among the best stock broker in India. However, for both trading and Demat account a single account is valid. Let us have a look at the best trading accounts in India provided by the best stock broker in India-

 1. Zerodha 

Zerodha is among the best stockbroker in India offering some of the best deals on best trading accounts. Like the name, it offers a zero brokerage fee for opening a trading account for all kinds of investment and this plays a vital role in the firm becoming the top stock broker in India. 

  • Trading account opening charge – Rs.0 ( one time )
  • Maintenance charge – Rs. 0
  • Demat account opening charge – Rs. 300 (one time )
  •   Maintenance charge – Rs. 300\ annum

Thus, Zerodha is among the best stock broker in India. 

2. Wisdom Capital

Wisdom Capital is yet another one of the best stock broker in India with best online trading accounts option. It is a discount brokerage firm with various high-level products and services under its name which highlights the quality of the firm and makes it one of the best stock broker in India. 

  • Trading account opening charge – Rs. 0
  • Maintenance charger is- Rs. 0
  • Demat account opening charge is – Rs. 0
  • Maintenance charge is – Rs. 999 for a lifetime ( tax excluded) 

The above details are proof enough to believe that Wisdom Capital is among the best stock broker in India. 

3. Upstox 

Upstox is yet again the best stock broker in India and has one of the best trading accounts in India. Some of the advantages of the firm are that there is no commission fee attached to the delivery trades and personality like Ratan Tata is in connection to the company which eventually increases its market value of the firm and counting as one of the best stock broker in India. 

  • Trading account opening charge – Rs. 0
  • Maintenance charge is – Rs. 0
  • Demat account opening charge – Rs. 0
  • Maintenance charge is – Rs. 0 for the first year then Rs.150\ annum

And that is why Upstox is at the top of the list of India’s best stock broker in India.

4. Trade Smart Online

Another best share broker in India is Trade Smart Online which is a product of VNS Financial service Ltd and has gain popularity under the label of the best stockbroker in India. Services are under equity, currency and commodity sectors. For brokerage, they have two basic plans which are Flat fee plan and Percentage Based plan and together they value the firm being one of the best stock broker in India. 

  • Trading account opening charge – Rs. 200 ( one time )
  • Maintenance charge is – Rs. 0
  • Demat account opening charge is – Rs. 200
  • Maintenance charge is – Rs. 0 for the first year then Rs. 300\ annum

Therefore, we can clearly witness that the firm is and should be among the best stock broker in India 

5. 5Paisa 

A famous discount broker like 5Paisa offers best deals in terms of trading accounts. Its has gain quick popularity as the best stock broker in India.

The best part of the deal is that they avail free of cost research and advisory service to their customers which is of high value.

Some of the best stock brokers in India are focused on providing the best research team. 

There are three subscription plans by 5Paisa, Optimum, Platinum and Titanium Plan. And the opening charges for both Trading and Demat account are free of cost making the firm best stock broker in India.

Yes, it is the best stockbroker in India. They Provide Zero Brokerage charge in segments such as Equities, F&O, Currency and Commodity market in India. According to the choice of the traders, it has ranked as the best discount broker.

1. Zerodha
2.Wisdom Capital
3.Motilal Oswal
4.Upstox
5.5 Paisa

The best way to start with investing in stock is to invest ones money in the market that can be used for buying stock shares or stock of mutual funds. One can even take help from the online stock brokers. so that beginners can start investing for the price of a single share.

1.Wisdom Capital(0 Per Trade)
2. Zerodha(20 Per Trade)
3.Upstox(20 Per Trade)
4.Fyers(20 Per Trade)
5.Prostocks(899 unlimited)

One can have multiple Demat accounts with different stockbrokers but not with the same stockbroker

1.Wisdom Pro

2.5Paisa Mobile App.

3.Fyers Markets.

4.Zerodha Kite Mobile App.

5.IIFL Markets

Both are Discount brokers whereas Zerodha has a brokerage Charge of Rs 20 per trade and the brokerage charge of Wisdom Capital is Rs 9 per trade. Wisdom Capital is rated more than Zerodha.

End Words

So now that we have looked at all the best stockbroker in India the aim is to find out and choose the one which appeals the most and has the best deals for your needs.

As mentioned at the beginning of the article, the best stockbroker in India are nearly three thousand or so but to pick the best stockbroker in India from the list of thousands of top brokers is a task that requires a lot of research and knowledge.

Stockbroking is a profession widely growing in the country and some of the best stockbroker in India are comparatively new to the industry still, have gained the reputation of best stock broker in India.

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