Which are the Top 5 Stock Brokers in India?

Discover the top 5 stock brokers in India. Choose the best one for your investment needs. Learn how to trade with a zero brokerage demat account.

Best Broker for Trading| List of Top 5 Stock Brokers in India

Are you still trying to determine the best stock broker in India? As a trader or investor, your primary concern is finding a reliable platform that not only offers low fees but also prioritises security and user-friendly interfaces. We have shaped a list of the top 5 stock brokers in India to help you make the right choice. From Groww’s innovative approach to Shoonya’s zero-commission trading, there is much to explore. 

Let us begin.

In this article, you will read about:

  • Groww- Best Broker for Trading in India
  • Shoonya- Best Online Trading Platform in India
  • Zerodha- Best Stock Broker for Beginners in India
  • Upstox- Best Online Broker in India
  • Angel One- Best Stock Broker App

Groww- Ranked 1st Among Top 5 Stock Brokers in India

Groww crowns the list of top 5 stock brokers in India. It was founded in 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. It’s registered with SEBI as a stockbroker, depository participant, and investment adviser.

Groww offers low brokerage fees and a user-friendly trading app. It comes with robust security and zero-commission direct mutual funds. Its cost structure includes a fixed brokerage model of Rs 20 per executed order for various trades and additional charges like auto square-off fees.

Groww offers features like trading in SME shares and a direct mutual funds platform. 

However, it lacks certain services like call and trade, trailing stop loss orders in the app, NRI trading, and SME IPOs.

Shoonya- Ranked 2nd Among Top 5 Stock Brokers in India

Shoonya, introduced in 2013, ranks second on the list of top 5 stock brokers in India. 

It offers lifetime brokerage free trading, enabling users to also open a zero brokerage demat account. Developed by Finvasia Group, it covers all trading segments across all major stock exchanges, including NSE, BSE, MCX, and NCDEX. Shoonya provides AI-driven stock predictions and signals, along with zero hidden costs and comprehensive support.

While lacking the margin funding services, it’s often chosen for zero brokerage, zero AMC and AI-powered predictions.

Zerodha- Ranked 3rd Among Top 5 Stock Brokers in India

Zerodha, founded in 2010, ranks third on the list of top 5 stock brokers in India. It offers up to 20x leverage on intraday trading and zero brokerage fees for equity delivery and mutual funds. Despite not providing stock tips or SME IPOs from BSE, Zerodha is favoured for its user-friendly interface. It offers a transparent fee structure and diverse investment options.

Upstox- Ranked 4th Among Top 5 Stock Brokers in India

Upstox gained the 4th rank on the list of top 5 stock brokers in India. It commenced its journey in 2011. It provides various financial products and services through its user-friendly platforms. It charges Rs 20 per trade for equity delivery but lacks margin funding for delivery trades. 

Upstox is preferred for its advanced order types, developer console, and technologically superior trading platform.

Trade with the best platform for intraday trading in India.

AngelOne- Ranked 5th Among Top 5 Brokers in India

Angel One, securing the fifth position on the list of top 5 stock brokers in India, offers a swift and secure trading platform. It offers flat fee brokerage across various segments. 

While it lacks trading in SME shares and GTC/GTT order facilities, it’s chosen for its free advisory services.


Choosing the best stock broker in India is crucial for your investment journey. Each platform offers unique benefits tailored to different trading preferences. Whether you prioritize low fees, advanced features, or comprehensive support, you can choose among top 5 stock brokers. Don’t forget to consider factors like security, user interface, and additional services offered before deciding.

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