Top 5 Stock Brokers in India 2023

top 5 stock brokers in India

Authorized stock exchange members are share brokers. At the exchange, they conduct out trades on clients’ behalf. In India, there are numerous of SEBI registered stock brokers who offer share trading to retail clients. At the top level, there are two categories for the most well-known stock brokers in India:

At the top level, there are two categories for the most well-known stock brokers in India:

1. Full Service Brokers

2. Discount Brokers

Share trading, analysis and advisory services, local services, and other services are all provided by full-service brokers. Discount brokers are online stock brokers who simply offer services for trading stocks, Derivatives commodities and currency. They don’t provide extras like wealth management, branch help, research and advisory, or PMS.

If you want to protect your investment, it might be a good idea to sign up for a share market courses taught by a certified trader or trading analyst.


With more than 4 million customers, or more than 12-13 %  per day trading volumes in Indian stock exchanges, Zerodha is the First largest retail stockbroker in India. With a zero brokerage approach for investment and a fixed 20 Rupees per trade brokerage price for the intraday and other trades, Zerodha, founded in 2010, promoted the concept of discount brokerage in  Indian stock market. Despite competing with major companies like ICICI and HDFC is tough, Zerodha has maintained its position as the nation’s top discount broker. Discount broking has other rivals as well, although Zerodha, the biggest discount broking company in India.

 In order to assist their clients, Zerodha offers a wide range of trading platforms and products, including tools for teaching and trading. Their trading platform is made up of Kite 3.0, Kite Mobile, Kite Console, Pi, Sentinel, and Coin.

The free stock delivery trading, the innovative and user-friendly trading interface, the maximum brokerage per trade of Rs 20, etc. are just a few of the benefits of Zerodha stockbroking. However, Zerodha’s major drawback is that they don’t offer research reports or recommendations.

ICICI Direct

The second-largest retail stock broker in India, ICICI Direct provides to both retail and institutional investors comprehensive choice of investing options. ICICI Securities offers an online investment and trading account called ICICI Direct. With ICICI Securities your bank, trading, and D-Mat accounts are connected through this trading platform. Their website offers a wide range of investment products, all of which can be accessed with a single login, including Equity Trading, Derivatives Trading, Mutual Fund, IPO and so on.

ICICI Direct offers two different types of accounts:

1. The 3-in-1 Account: A 3-in-1 account connects a bank account, a trading account, and a demat account, allowing for easy transactions between these accounts.

2. The 2-in-1 Account: A 2-in-1 account includes a trading account with a demat account. A non-ICICI bank account can be used to connect the consumer to their trading and demat accounts. Customers can trade and invest with ICICI direct without opening a new bank account with ICICI Bank.


With its best selection of features that make futures, options, and day trading more comfortable, Upstox is quickly becoming a trusted brand in the trading world. The best share broker in India provides value-focused instruction in addition to cutting-edge technologies for free trade options. The broker is a reputable choice because it is governed by SEBI, BSE, NSE, MCX, and CDSL. Technically speaking, the broker is doing well. Trading on commodity markets and currencies derivatives costs merely Rs. 20 per order for investors. Due to its coolest pricing and brokerage plans, this tech-first brokerage company is grabbing attention.

Although account opening fees are included, brokerage and trading fees are relatively low.

Angle One(Angle Broking)

One of the finest stock brokers in India, Angel One is a full time service broker with a solid reputation for offering trading services at competitive rates. It has been in existence since 1987. It boasts of having cutting-edge, user-friendly trading platforms and offering its clients professional advice services. The Angel Group is a recognized participant in the BSE, NSE, and NCDEX and MCX, two commodity markets. It is additionally listed with CDSL as a Depository Participant. However, Angel One and Upstox charge similar brokerage and trading fees, such as Rs. 20 each transaction. Angel One’s unattractive interface and the reason that it charges annual demat maintenance fees from there clients keep it from being ranked top. Because according to my experience,  the technological capabilities and responsiveness are best.


With largest number of clients, Mumbai-based Sharekhan is one of the best  full time service broker. One of the reliable share brokers you can believe on it, which is recognized as one of the best stock brokers in India. The company is a division of the famous BNP Paribas bank in Europe. It has franchises and branches in numerous Indian cities. Through their online trading platform, they provide high-quality brokerage services. The UAE and Oman both have a strong international presence for the brand. You can access a wide variety of investing niches with ShareKhan. On its web-based trading platform, the broker also disseminates news, stock prices, research reports, and fundamental and statistical data.

Read also: What Is Delisting of Shares & What Happens After This?