Making money in stock markets can be hard, especially if you’re a newbie. There are lot of things to choose like the industry you’re starting to trade in, whether you want to stick to an industry, you’re broker, the method of trading you want to follow, etc.

This can get a little scary, if you don’t have all the relevant information with you. So here’s to added value, let us make your job easier by compiling a list of best 10 stock brokers in India.

Best 10 Stock Brokers in India: Top

Choosing a stock broker has a lot more than meets the eye. While some provide researched analytics, others provide just trading options or mutual funds. The trick is to identify your needs first; whether you want researched reports or prefer doing your own research, and then try to decide which broker you need.

1. Zerodha

Zerodha, although being new to the game, has become one of the biggest discount stock brokers in the country. Zerodha offers one of the cheapest brokerages, along with its easy to use virtual trading platform Kite, which available for both browser and android. Zerodha also offers Zerodha Pi for advanced traders, along with investments in mutual funds, bonds and IPOs, in indexes like NSE, BSE and MCX.

Keep in mind Zerodha does offers discount broking services, but it is designed to be operated with minimalistic interference, it charges brokerage at 0.03% or Rs.20 whichever is less.

Get a complete and detailed review at Zerodha: No.1 Discount Broker in India

2. ShareKhan

Sharekhan is one of the oldest stock broker in India, with its reliable advisory services and more than sixteen years of experience in the field. Sharekhan happens to fall little to the more expensive end of the spectrum, but it makes up for it in the services and trading platform like Trade Tiger and Trade Tiger Mini, available for both web and android. It charges brokerage ranging from 0.5% to 2.5%, depending on type of trade.

3. Angel Broking

Angel Broking provides full-time brokerage services, which means it offers everything from advisory to discount brokerage services. It has 30+ years of experience in the sector, and charges Rs. 20 per trade irrespective of the volume. It offers Angel broking app for web and phone, and angel broking speed pro for advanced traders.

Also have a look at Stock Brokers with Bracket Order

4. 5Paisa

5Paisa, once an IIFL entity, is one of the major discount brokers operating in the country. 5Paisa offers three plans, Optimum, Platinum and Titanium, with brokerages ranging from 2 Rs to 20 Rs  according to different types of transactions, irrespective of the price. 5Paisa has Trader Station Web and Exe as computer based trading platform, and also offers a mobile application.

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5. Wisdom Capital

Wisdom Capital was one of the first online trading platforms. Wisdom also happens to offer one of the most cost effective plan, with its Freedom plan offering zero brokerage with one time account opening fee with Rs.999 Wisdom has several plans you could choose from, its online terminals including FOX Trader Program, NEST Trader Program and mobile based Wisdom Pro App.

Also read on the emerging stock broker in India: Paytm Money Stock Broking

6. ICICI Direct

No financial service is complete without the mention of ICICI in the sector. This banking giant offers demat account services through ICICI direct. Their research reports are very thorough, and they offer multiple plans based on turnover, and even prepaid brokerage plans. They offer only ICICI trader app, available across all devices.

7. IIFL

IIFL is also an experienced brokering firm, an ISO certified investment firm or India Infoline Group. IIFL offeres wide range of services like wealth and asset management, investment banking, portfolio management. It happens to be a one stop solution for all your investment needs, but it also charges like that. It charges 0.50% to 70 Rs according to different services.

8. Motilal Oswal

Motilal Oswal is one of the biggest names among Indian traders, known for its research reports across various sectors and industries, in fact, it spends about 10% of its revenue on research. It has different plans charging different brokerages across different amounts of trades.

9. Kotak Securities

Kotak is one of the most expensive brokerages in India, but it makes up for it by its services. The company invests its revenue in majorly research and technology. For instance, the minimum brokerage Kotak offers is 0.49% for delivery, which falls on the higher end among its peers.

10. Edelweiss Brokerage

Edelweiss groups offers a range of financial products for different consumer segments. It started stock broking in 2002 and has been in business for more than two decades. You can invest in stocks and mutual funds through is trading platform. It has two plans Lite and Elite, which charges brokerage from 0.03% to 0.3%.

Also, have a look at the Best Trading Platform in India

Best Stock Brokers India: Which one is for You?

Choosing the right broker is a lot of work, and it requires a lot more contemplation than just comparison of prices. We suggest you sit down with a professional to tale advice for the same, as the right broker can help you save a lot of money, increasing your capital gains.

Are you looking for a good stock broker in India? We believe this list sums it up! If you have any other full-service or discount brokers to add, do let us know in the comments.