Top 10 Brokerage Firms in India

Introduction

Investing in the stock market can feel like navigating a maze. With so many options, how do you choose the right brokerage firm? Whether you're a beginner or an experienced investor, picking the biggest brokerage firms in India can give you access to better services, lower fees, and reliable trading platforms.

To help you out, we've compiled a list of the top 10 brokerage firms in India based on their popularity, services, and customer satisfaction.

Discover the biggest brokerage firms in India. Find the largest stock broker in India, their features, fees, and why investors trust them.

What is a Brokerage Firm?

A brokerage firm is a financial service provider that allows investors to buy and sell stocks, commodities, mutual funds, and other securities. It acts as a bridge between traders and stock exchanges like NSE and BSE.

How We Ranked the Top Brokerage Firms

We ranked these firms based on key factors such as:

  • Market Share & Reputation
  • Brokerage Fees & Charges
  • Trading Platforms & Features
  • Customer Service & Support
  • User Experience & Ease of Trading

Now, let’s explore the largest stock broker in India and other leading players in the industry.

Zerodha – The Market Leader

Zerodha is India's largest stock broker in terms of active clients. It introduced the concept of discount broking, offering low-cost trading solutions.

Key Features:

  • Zero brokerage on equity delivery
  • Low fees on intraday and F&O trading
  • User-friendly trading platforms like Kite
  • Great educational resources through Varsity

Upstox – Fast-Growing Discount Broker

Upstox is a strong competitor in the discount broking space, backed by investors like Ratan Tata.

Key Features:

  • Low-cost brokerage plans
  • Fast and intuitive trading platform
  • Free Demat account opening

Angel One – Trusted Full-Service Broker

Angel One (formerly Angel Broking) provides a mix of full-service and discount broking features.

Key Features:

  • AI-driven advisory tools
  • Competitive brokerage rates
  • Strong research-based recommendations

ICICI Direct – Best for Banking Customers

A part of ICICI Bank, ICICI Direct is one of the most reliable brokers for seamless banking and trading integration.

Key Features:

  • 3-in-1 account (Trading, Demat, and Bank)
  • Robust research and advisory services
  • Higher brokerage but premium services

HDFC Securities – A Name You Can Trust

Backed by HDFC Bank, this broker offers both online and offline trading services.

Key Features:

  • Secure and seamless trading experience
  • Strong research-based recommendations
  • Higher brokerage costs but excellent support

Kotak Securities – A Bank-Backed Broker

Kotak Securities is a reputed full-service broker, offering a wide range of financial services.

Key Features:

  • Free intraday trading plans
  • 3-in-1 banking and trading account
  • Excellent research reports

5Paisa – Affordable & Feature-Rich

5Paisa is a budget-friendly stock broker providing low-cost trading options.

Key Features:

  • Zero brokerage on select plans
  • AI-driven advisory services
  • Low-cost investment options

Groww – A Rising Star in Stock Trading

Groww started as a mutual fund investment platform and later expanded into stock trading.

Key Features:

  • Simple and easy-to-use app
  • Zero account opening charges
  • Great for beginner investors

Sharekhan – Ideal for Research & Analysis

Sharekhan is known for its in-depth market analysis and investor-friendly platforms.

Key Features:

  • Comprehensive research and reports
  • Advanced trading tools
  • Good for long-term investors

Motilal Oswal – Strong Research Capabilities

Motilal Oswal is a full-service broker with a strong focus on research-based trading.

Key Features:

  • Award-winning research team
  • Multiple trading platforms
  • Good for high-net-worth investors

Conclusion

Choosing the right brokerage firm depends on your trading needs. If you want the biggest brokerage firms in India with low fees, Zerodha or Upstox might be ideal. If you prefer a bank-backed broker, ICICI Direct or HDFC Securities could be a great fit.

FAQs

Which is the largest stock broker in India?

Zerodha is the largest stock broker in India based on active clients and daily trading volume.

Which brokerage firm has the lowest charges?

Discount brokers like Zerodha, Upstox, and 5Paisa offer some of the lowest brokerage charges.

Is a full-service broker better than a discount broker?

It depends on your needs. Full-service brokers offer advisory services, while discount brokers focus on low-cost trading.

Which brokerage firm is best for beginners?

Groww and Zerodha are great choices for beginners due to their user-friendly platforms and low costs.

Can I have multiple Demat accounts?

Yes, you can open multiple Demat accounts with different brokers, but each account will have separate charges.