Comparing the Top Stock Brokers Online in India 2023

Are you looking to invest in the Indian stock market but don’t know where to start? With so many online stock brokers available, it can be overwhelming to choose the right one. That’s why we’re here to help! we’ll compare and analyze the top stock brokers online in India for 2023. We’ll break down their features, fees, customer service, and more so that you can make an informed decision on which broker is best suited for your investment needs. So let’s dive into our showdown of the top online stock brokers in India!

Top Stock Brokers Active Client Reviews
1. ūüŹÜ Zerodha
Active Clients ( 1Cr Plus) 84%
2. ICICI Direct
Active Clients 62%
3. Upstox
Active Clients 45%
4. 5Paisa
Active Clients 32%
5. Groww
Active Clients 26%
Top Stock Brokers Overall Reviews
1. Zerodha (5/5)
5/5

Zero Brokerages at Equity Delivery for Lifetime

India's Biggest Online Stock Broker.

‚āĻ 0.03/‚āĻ 20/- per Order in other Segments

2. ICICI Direct (4.6/5)
4.6/5

Best 3 in 1 Demat Account.

Flat Rs. 30 per trade 

3. Angel One (4.2/5)
4.2/5

Best Full-Service Broker

0.25% or Flat 20/- per Order .

4. Upstox (4./5)
4/5

Best Full-Service Broker

0.25% or Flat 20/- per Order .

5. Fyers(3.6./5)
3.6/5

Best Full-Service Broker

0.25% or Flat 20/- per Order .

Zerodha India's Largest Online Stock Broker

Zerodha is the Best Indian Stock Broker. It is one of the Biggest and most well-known Brokers, providing online flat-fee Discount Brokerage Services for Investments in Bonds, Government securities, direct mutual funds, Futures, and Options.

Zerodha is a leading online broker in India that has revolutionized the way people invest in the stock market. 

  • Zerodha offers Rs. Zero Equity Delivery Trading, which means customers can buy stocks without paying any brokerage fees on Delivery Trades.
  • Rs 20 or 0.03% whichever is lower per executed order for for Equity, F&O, Currency, and Commodity across all exchanges.
  • No Hidden Charges.
  • Zero Clearing Charges.
  • Commission Free Mutual Funds.
  • Commission Free IPO’s Investing

Zerodha’s clients can trade stocks, futures, and options such as equity, currency, and commodities.

These trading platforms are provided Free of Charge to the Clients.

  • Kite (Web-based Trading Platform)
  • Kite Android / Kite iOS (Mobile Trading App)
  • Zerodha Coin (Mutual Fund Investment)
  • Zerodha Console (Reporting Dashboard)

  • Zerodha Sentinel (Price Alert Tools)
  • Call & Trade

Zerodha has the Highest number of Active Clients, The Largest Trading Volume Market Share in India, as well as The Highest Number of New Clients.

  • Over 1 Crore Happy Customers.
  • Zerodha is registered with SEBI and member of BSE, NSE, MCX, and NCDEX.
  • As a member of CDSL, Zerodha offers demat account related services as well.

Zerodha offers All types of Financial Instruments, including Mutual Funds, Fixed Income, and Derivatives

  • Stocks :- Trade more than 5000 Equities listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for Delivery or Intraday Trading.

  • Direct Mutual Funds :- Invest directly and Commission Free in more than 2000 Direct Mutual Funds.

  • Futures & Options

  • IPO (Initial Public Offering)¬†
  • Fixed income :- Invest in Bonds, Govt. securities, Gold electronically etc.

Top Indian Discount Broker 2023

Broker
Brokerages Charges
Clearing Charges
AMC
Account Opening Fee
Deal Of the Day

ZERODHA

  • Zero Brokerages at Equity Delivery.
  • Rs 20 or 0.03% whichever is lower per executed order for Equity, F&O, Currency, and Commodity across all Exchanges.

No  Clearing Charges 

Rs. 300/- Per Annum

Rs. 200/- only

Upstox

UPSTOX

  • Flat Rs 20/-for Equity Delivery
  • 0.05% minimum¬†and¬†maximum Rs 20/-per¬†executed order for Equity Intraday¬†F&O, Currency, and Commodity across all Exchanges

Rs. 12/- per order

Rs. 430 T&C*

Start From Rs. 249/- Onword

5paisa

5PAISA

  • Flat Rs 20/-for Equity Delivery
  • 0.05% minimum and maximum Rs 20/-per executed order for Equity Intraday¬†F&O, Currency, and Commodity across all Exchanges

Rs. 10/- per order

Rs. 600/-

Free

groww

GROWW

  • Flat Rs 20/-for Equity Delivery
  • 0.05% minimum and maximum Rs 20/-per executed order for Equity Intraday¬†F&O, Currency, and Commodity across all Exchanges

Rs. 13/- per order

Free.

Free

fyers

FYERS

  • Zero Brokerages¬†at Equity Delivery.
  • Flat Rs 20/-¬†or 0.03% whichever is lower per executed order for Equity, F&O, Currency, and Commodity across all Exchanges.

Rs. 8/- per order

Free

Free

paytm-money

Paytm Money

  • 2.5% Minimum & Maximum Rs.15/-¬†at Equity Delivery.
  • Flat Rs 15/-¬†or 0.05% whichever is lower per executed order for Equity, F&O, Currency, and Commodity across all Exchanges.

Rs. 8/- per order

Rs. 300

Free

ALICE-BLUE

ALICE BLUE

  • Zero Brokerages¬†at Equity Delivery.
  • 0.05 % Minimum & Maximum Rs.15/- per¬† order executed for Equity, F&O, Currency, and Commodity across all Exchanges.

Rs. 10/- per order

Rs. 400

Rs. 150/-

Dhan-Broker

DHAN

  • 0.03% Minimum & Maximum Rs.20/-¬†at Equity Delivery.
  • Flat Rs 20/- or 0.03% whichever is lower per executed order for Equity, F&O, Currency, and Commodity across all Exchanges.

Rs. 10/- per order

FREE

FREE

SAMCO

SAMCO

  • Flat Rs.20/-¬†at Equity Delivery.
  • 0.03% Minimum & Maximum Rs.20/- whichever is lower per executed order for Equity, F&O, Currency, and Commodity across all Exchanges.

Rs. 12/- per order

Rs. 350

Free

Top Indian Full Service Brokers 2023

Broker
Brokerages Charges
Clearing Charges
AMC
Account Opening Fee
Deal Of the Day
ICICI-Direct

ICICI DIRECT

  • 0.55%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.55% & Maximum Rs 95/- per order executed¬† Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 18/- per order

Rs.700/- Per Annum

Nil

sharekhan

SHAREKHAN

  • 0.5%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.1% & Maximum Rs 50/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 12/- per order

Rs. 1000/-Per Annum

NIL

Geojit Financial

GEOJIT

  • Rs. 20 Flat on¬†Equity Delivery
  • Minimum 0.10% & Maximum Rs 30/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 12/- per order

Rs. 750/-Per Annum

NIL

SBI Securities

SBI SECURITIES

  • 0.5%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.05% & Maximum Rs 100/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 13/- per order

Rs. 750/-Per Annum

Rs. 850/- 

HDFC-SECURITIES..

HDFC SECURITIES

  • 0.5%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.05% & Maximum Rs 50/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 13/- per order

Rs. 700/-Per Annum

Rs. 950/- 

Motilal Oswal Financial Services Ltd.

MOTILAL OSWAL

  • 0.2%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.02% & Maximum Rs 20/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 8/- per order

Rs. 850/-Per Annum

FREE

Kotak securties

KOTAK SECURITIES

  • 0.25%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.25% & Maximum Rs 50/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 12/- per order

Rs. 850/-Per Annum

FREE

Anand-Rathi

ANAND RATHI

  • 0.3%¬†Irrespective of Turnover for¬†Equity Delivery
  • Minimum 0.3% & Maximum Rs 50/- per order executed for Equity Intraday, F&O, Currency, and Commodity across all Exchanges.

Rs. 13/- per order

Rs. 450/-Per Annum

FREE

The Benefits of Using Online Stock Brokers

Online stock brokers have become so popular in recent years. Perhaps the most obvious benefit is that they offer a much more convenient way to trade stocks than traditional brokerages. With an online account, you can buy and sell shares from the comfort of your own home or office, and there’s no need to make an appointment with a broker. They can save you a lot of money in fees and commissions.

India’s Top Stock Brokers: A Comparison 2023

There are numerous stock brokers in India vying for attention from potential clients. In order to make an informed decision, it is important to compare the top stock brokers in India in terms of services offered, fees charged, and other features. Top three online stock brokers in India ‚Äď Zerodha, Upstox and 5Paisa ‚Äď in terms of features, costs and customer support. pp.

How to Select the Right Online Stock Broker

There are a few key things to look for when selecting an online stock broker in India. First, you want to make sure that the broker is registered with the Securities and Exchange Board of India (SEBI). Second, you'll want to check out the broker's website and see how easy it is to use. Finally, you'll want to compare the fees charged by different brokers to find the best deal.