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!
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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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 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
- 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 – Zerodha, Upstox and 5Paisa – 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.