Top 10 Share Brokers in India: Your Guide to Choosing the Right One

Share Brokers in India

To enter the exciting world of Indian stock market investment, one crucial decision you’ll make is selecting the best online broker in India. With numerous options available, it’s essential to find a brokerage that aligns with your needs, preferences, and budget. To simplify your decision-making process, we have aligned details of the top 10 share brokers in India.

In this blog, you will read about:

  • Groww | Best Online Broker in India
  • Zerodha | Best Online Trading Platform in India
  • Shoonya | Zero-Brokerage Online Trading Platform
  • Angel One | Best Trading App
  • Upstox | Online Stock Trading Platform in India
  • ICICI Direct | Best Stock Broker in India
  • HDFC Securities Ltd. | Best Stock Trading App
  • Kotak Securities Ltd. | Best Stock Investment App in India
  • Sharekhan | Top Online Trading Platform
  • Motilal Oswal Financial Services Limited | Top Stock Broker in India

Groww- Takes the Lead Among Top 10 Share Brokers in India

Groww, founded in 2016 has quickly risen to prominence. It aims to democratise investing and make it accessible to everyone, regardless of financial expertise.


  • Equity, Intraday, and F&O Trades: Rs 20 per executed trade or 0.05%
    • Zero-commission Direct Mutual Funds
    • Other charges: Auto square-off charges of Rs 50 and additional transaction fees.

Reasons to Choose Groww

  • Cost-effective flat fee structure.
    • Emphasis on investor education with free resources.

Zerodha| Secures the 2nd Spot in the List of Top 10 Share Brokers in India

Zerodha, established in 2010 by founders Nithin Kamath, Nikhil Kamath, and Dr. Kailash Nadh, is another popular choice among many.


  • Equity Delivery: Zero brokerage
    • Equity Intraday, Futures, Options: Flat Rs 20 or 0.03% per executed order
    • Currency, Commodity: Flat Rs 20 or 0.03% per executed order

Reasons to Choose Zerodha

  • Transparent fee structure.
    • Advanced trading tools and platforms.
    • Zero brokerage for equity delivery and direct mutual funds.

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Shoonya| Secures the 3rd Spot in the List of Top 10 Share Brokers in India

Shoonya, launched in 2013, is India’s first zero-commission trading platform. Created by Finvasia Group, it aims to make trading accessible for everyone.


  • Zero brokerage on all segments, including equity intraday, delivery, futures, options, currency, commodities, mutual funds, ETFs, bonds, and IPOs.

Reasons to Choose Shoonya

Angel One| Secures the 4th Spot in the List of Top 10 Share Brokers in India

Angel One is a prominent financial services provider in India. With a rich history dating back to 1987, it offers a user-friendly online trading platform and a diverse range of financial products.


  • Equity Delivery: Flat Rs 0 (Free)
    • Equity Intraday, F&O: Flat Rs 20 or 0.25% per executed order

Open a lifetime free demat account!

Reasons to Choose Angel One

  • User-friendly trading platform.
    • Transparent pricing model.
    • A comprehensive range of financial products.

Upstox| Secures the 5th Spot in the List of Top 10 Share Brokers in India

Upstox, founded in 2011, offers a comprehensive suite of products and services, including equity, commodity, futures, options, currency, IPOs, and more.


  • Equity Delivery: Rs 20 per executed order/ 2.5% (whichever is lower)
    • Equity F&O, Currency Futures: Rs 20 per executed order or 0.05%

Reasons to Choose Upstox

  • User-friendly trading platforms.
    • Competitive fee structure.

ICICI Direct| Secures the 6th Spot in the List of Top 10 Share Brokers in India

ICICI Direct is a prominent player in India’s brokerage industry. It offers investment opportunities in equities, commodities, currencies, mutual funds, IPOs, and more.


  • Equity Intraday, Options: Flat Rs 20 per executed order
    • Equity Delivery: 0.55% brokerage

Reasons to Choose ICICI Direct

  • Extensive range of financial services.
    • Multiple trading platforms.
    • Diverse brokerage plans to suit various needs.

HDFC Securities Ltd.| Secures the 7th Spot in the List of Top 10 Share Brokers in India

Founded in 2000, HDFC Securities stands as a prominent full-service stock broker in India, operating as a subsidiary of HDFC Bank. It facilitates trading in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, and stock portfolios.


  • Equity Delivery: 0.10% per trade
    • Derivatives trading: Rs 20 per transaction

Reasons to Choose HDFC Securities Ltd.

  • Instant online account opening.
    • Diverse investment options.
    • Competitive brokerage structure.

Kotak Securities Ltd.| Secures the 8th Spot in the List of Top 10 Share Brokers in India

Established in 1994, Kotak Securities Ltd. is a distinguished full-service stock broker offering a 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India.

It provides investment opportunities in equities, derivatives (equities, commodities, currency), and mutual funds. It also offers services like margin trading, depository services, and third-party products like insurance.


  • Equity Delivery: Rs 20 or 0.25% (whichever is higher)
    • Other segments: Varying rates

Reasons to Choose Kotak Securities Ltd.

  • Seamless 3-in-1 account.
    • Extensive research offerings.
    • Multiple brokerage plans.

Sharekhan| Secures the 9th Spot in the List of Top 10 Share Brokers in India

Sharekhan, established in 2000, is one of India’s leading full-service retail brokerage firms. It provides a range of financial products and services to retail and institutional investors. It offers online trading in equities, derivatives, commodities, currencies, mutual funds, and IPOs. Also, value-added services like research reports, investment advisory, and educational resources.


  • Brokerage fee of 0.30%/ 1 paisa per share for Equity Delivery.

Reasons to Choose Sharekhan

  • Wide range of financial products.
    • Strong research and advisory support.
    • User-friendly trading platforms.

Motilal Oswal Financial Services Limited| Secures the 10th Spot in the List of Top 10 Share Brokers in India

MOFSL offers trading services in equity, commodities, currency, and derivatives segments. MOFSL caters to a wide range of investors, from retail to institutional, offering investment solutions like equities, derivatives, commodities, mutual funds, IPOs, and PMS.


  • Equity Delivery: 0.50% or Rs 25 per trade (whichever is lower)
    • Equity Intraday and Futures: 0.05% or Rs 25 per trade (whichever is lower)

Reasons to Choose Motilal Oswal Financial Services Ltd.

  • Robust research and advisory services.
    • Diverse product offerings.
    • Easy-to-use trading platforms.


These are the best brokers in India, offering a wide range of services and catering to various investor needs. Evaluate their features, fee structures, and customer support to find the best online broker. It should suit your investment goals and preferences.

Happy investing!

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