Best Stock Brokers in India: Top List 2024

You might have read a lot about the Best Stock Brokers or the Top Brokerage Firms in India. Today we are here discussing, not the good, the better or the best. We have compiled a list of stock brokers in India, that are fully active and functioning catering to different client needs. So, this is simply a compilation of the numerous providers offering stock broking services in India.

If you ever wonder, how many stock brokers are there in India, this collection might help you.

List of Stock Brokers in India

Stock brokers are registered members of stock exchange. SEBI or Securities Exchange Board of India is the regulating body that supervises the activities of brokers and stock markets.

You will find hundreds of stock brokers in India providing a variety of services. We have included the traditional, age-old as well as a set of new emerging brokerage houses in the country.

Discount Brokers in India (Discount Brokerage)

Discount brokers charge a fixed brokerage irrespective of the trade value. They primarily function on a flat fee based model and offer trading at a discounted price as compared to full-service brokers. Low brokerage charges (ranging from Rs.10-Rs.20 per order) and reduced transaction costs are the two important features of discount brokerage firms in India.

A discount broker provides limited services but at a cheaper price. And, that’s what a customer looks for! No, doubt, these easy to use online discount broking platforms have simplified stock trading in real terms.

Best Stock Brokers List 2023

So, here’s a list of popular discount brokers making a significant mark in the trading industry:

  • Zerodha
  • 5Paisa
  • Upstox
  • Prostocks
  • SAS Online
  • Wisdom Capital
  • Samco
  • TradeSmartOnline
  • MyValueTrade
  • Tradejini
  • Fyers
  • RK Global
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Do you wish to add few more trading platforms? Share with us in the comments below.

Full Service Brokers (Full Service Brokerage)

Traditional brokers or full-service brokers offer a wide range of services like research, advisory, portfolio management, etc. However, the brokerage charged is a bit higher as compared to discount brokers. They usually charge brokerage as a certain percentage of the trade value (0.25% to 0.75%). Of course, they have to compensate for the range of services they offer! The brokerage reduces only with increase in trade volume.

Here are some of the major full-service brokers in India:

  • ICICI Direct
  • HDFC Securities
  • Sharekhan
  • Angel Broking
  • Motilal Oswal
  • IIFL
  • Indiabulls Ventures
  • Axis Direct
  • Kotak Securities
  • Karvy
  • Arihant Capital
  • Anand Rathi
  • Geojit BNP Paribas
  • Edelweiss
  • Nirmal Bang
  • Reliance Securities
  • IDBI Capital
  • Religare Broking
  • SBICap Securities
  • Trading Bell

Are you a Pune resident? You can also have a look at list of stock brokers in Pune.

Disclaimer: A high degree of risk is involved in trading. The details given on this website are for informational purpose only and should not be constituted as professional advice in any regard. Please follow due diligence while investing your money.

The list is too long! Did we miss an important stock broker name? Do tell us about any of the brokers you want to include in the above massive bunch. Which one is your favorite: a discount broker or a full service broker? Feel free to discuss.

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