Article: Top 10 Stock Brokers in India – Find Best Stock Broker in India 2023 | Best Demat account
Get your eyes caught on this page if you’re looking for the Best Stock Broker in India or the Top Brokers in India.
Stockbrokers’ comfort and dependability have created a recent trend in trading culture. Also, some of these brokers assist you in developing a profitable market investing plan.
We’ve compiled a list of the Top 10 Stock Brokers in India below to help you understand the features and values that each of them offers in a unique way.
Top Brokers in India – List of Best Stock Brokers of 2023
| Rank | Broker Name | Ratings |
| 1 | Zerodha | 9.85 / 10 |
| 2 | Upstox | 9.24 / 10 |
| 3 | Angel One | 9.20 / 10 |
| 4 | ICICI Direct | 9.02 / 10 |
| 5 | Groww | 8.89 / 10 |
| 6 | Kotak Securities | 8.82 / 10 |
| 7 | Sharekhan | 8.76 / 10 |
| 8 | Motilal Oswal | 8.72 / 10 |
| 9 | HDFC Securities | 8.63 / 10 |
| 10 | Ventura Securities | 8.52 / 10 |
During our tour of the Top 10 Stock Brokers in India, we’ll first take a quick look at several important indicators. Not all brokers offer the same kind of user experience that you want. Furthermore, it might be challenging to determine whether the broker you choose to begin your trading career with is up to par.
We thus ask that you have a look at the particular criteria listed below in order to assist you in selecting the finest stock broker from among more than 100 possibilities. The broker’s potential and total success rate in the market are shown by each parameter. Every important detail, including the best broker for mutual funds and brand trust, has been addressed.
We Have considered below factors to rank the brokers:
- Brokering brand trust and other fees
- Level of Trading Platform Quality
- Most Active Customers
- Excellent Items
- Unique Research & Advisory Programs with High-Quality Services
- Investing in Stocks for Novices
- Broker for Small Investors and Intraday Traders
- An IPO investment
- Services for Long-Term Investment Portfolio Management
- Investing in mutual funds
We discovered Zerodha demat account to be somewhat in the lead and also Top 10 Stock Brokers in India. The company initially enters the financial market in 2010, and as of now, it is self-evaluated at over $1 billion (as per ESOP). In terms of brand trust, Upstox comes in second place. Ratan Tata, the largest name in Indian finance, assisted the company in raising $25 million in 2019. The use of Upstox by many other significant investors has improved the brand’s image. Due to the company’s existence since 1987, Angel One also merits a prominent position on the list. Furthermore well-known for its excellent customer service and reliable parent firm is HDFC Securities. Kotak Securities has received similar evaluations.
Why are People Choosing Zerodha Demat account Over any other Stock Firm?
Zerodha has emerged as a brand and has also grown from the mom market, they have never advertised to anyone and under any platforms or media, it is just spread from mouth to mouth and hence has strong routes in placements.
Zerodha provides a zero brokerage account with all delivery trades completely free. Hence Zerodha demat account is more reliable than any other firm account.
A. Zerodha Demat Account Benefits
Zerodha Provides a Zerodha demat account which is also known as a zero brokerage account, traditional brokerage firms have a concept of full-time brokerage charges, but Zerodha operates with a discount brokerage concept, in this Zerodha only charges for Intraday trades and provides completely free of cost delivery trades, which means any share you buy and hold more than two business days will become completely free of cost trades. Top 10 Stock Brokers in India
B. Zerodha Brokerage Charges
| 0 Rs for Free equity delivery | Rs 20 for Intraday and F&O trades | 0 Rs for Free direct MF |
| All equity delivery investments (NSE, BSE), are absolutely free — ₹ 0 brokerage. | Flat ₹ 20 or 0.03% (whichever is lower) per executed order on intraday trades across equity, currency, and commodity trades. Flat ₹20 on all option trades. | All direct mutual fund investments are absolutely free — ₹ 0 commissions & DP charges. |
This means all your trades that carry a minimum of two business days holding in demat will be completely free, just buy a stock and sale after 2 business days, and in intraday also it is lowest when compared to any other brokerage firms.
Zerodha Equity Charges
| Zerodha charges | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | Zero Brokerage | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower | Flat Rs. 20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side | 0.05% on sell side (on premium) |
| Transaction charges | NSE: 0.00345% BSE: 0.00375% | NSE: 0.00345% BSE: 0.00375% | NSE: 0.002% | NSE: 0.053% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) |
| SEBI charges | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
Zerodha Demat Account Benefits made people happy
However, you can also buy shares directly without brokerage firms, Click Here for more related information