Top 10 brokers in India 2024

Groww:-Groww is an online investment platform and brokerage service based in India. It offers a range of investment options, including mutual funds, stocks, IPOs, ETFs, and F&Os. Groww provides a seamless trading experience through its web and mobile trading app, which is highly rated on both the Google Play Store and App Store Unlike full-service brokers, Groww does not offer tips, recommendations, or research services. However, it provides free eBooks, informative blogs, and resources to help investors learn the basics of stock market trading and make informed investment decisions Groww follows a fixed brokerage model, charging a flat fee of Rs 20 per executed order for equity delivery, intraday, and F&O trades. The maximum brokerage chargeable per order is Rs 20 across all trading segments.
Groww is known for its user-friendly interface, intuitive design, and high level of security. The app uses 128-bit SSL encryption to ensure the safety of personal information and transactions
Overall, Groww is a popular investment platform in India that aims to simplify the investment journey for both beginners and experienced traders.

Zerodha:-Zerodha is an Indian financial services company that operates as a brokerage firm. It was founded in 2010 and is headquartered in Bangalore, India. Zerodha offers a range of services, including brokerage-free equity investments, retail and institutional broking, currencies, and commodities trading One of the key features of Zerodha is its discount brokerage model, which means it charges a reduced commission or low brokerage on transactions. This model has made Zerodha popular among traders and investors in India Zerodha is known for its user-friendly online trading platform, which provides a seamless trading experience for its customers. It offers a range of investment options, including stocks, mutual funds, IPOs, ETFs, and more. Zerodha also provides educational resources and tools to help investors make informed decisions.

In terms of pricing, Zerodha charges zero brokerage for equity delivery trades and direct mutual funds. For intraday and futures trades, it charges a flat fee of Rs 20 or 0.03% per trade (whichever is lower). For options trades, it charges a flat fee of Rs 20 per executed order. Zerodha has gained popularity in India and has a large customer base, with over 1.3 crore clients contributing to a significant portion of retail order volumes in India
Overall, Zerodha is a prominent brokerage firm in India, offering a range of investment services with a focus on low-cost trading and a user-friendly experience.

Angle One:- Angel One, formerly known as Angel Broking, is a prominent financial services company in India. It operates as a full-service retail broker, offering a wide range of investment and trading services. Angel One provides services such as stock and commodity broking, investment advisory, margin funding, loans against shares, and distribution of financial products.

The company was founded in 1987 and has since grown to become one of the largest retail brokers in India. It has a strong presence with 110 branches, 11,000 trading terminals, and over 18,000 authorized persons in more than 1,800 cities across India as of 2022. Angel One is known for its user-friendly online trading platform, which provides seamless trading experiences for its customers. It offers a variety of investment options, including stocks, mutual funds, IPOs, commodities, and futures and options trading.

In terms of pricing, Angel One offers a flat-rate brokerage plan called ‘Angel iTrade PRIME’. This plan charges a fixed fee of Rs 20 per trade for intraday, futures and options, and currency and commodity trading. However, there are no charges for equity delivery trades, which are provided for free to all users. Angel One has gained a significant customer base, with over 13.8 million clients and 4.3 million active clients on the National Stock Exchange (NSE) as of the latest available information. Overall, Angel One is a well-established financial services company in India, offering a range of investment and trading services to its customers.

Upstox Logo

Uptrox:- Upstox is a tech-first financial services company in India that provides trading and investment opportunities at competitive prices. It operates as a low-cost brokerage firm, offering a range of services to investors and traders. Upstox offers free trading accounts and free trading in the Equity Delivery segment, making it accessible to a wide range of users. It also provides trading opportunities in Equity F&O (Futures and Options), Equity Intraday, Commodities, and Currency Derivatives through its platform called Upstox Pro. The company is certified by the market regulator Securities and Exchange Board of India (SEBI) and holds exchange memberships with leading exchanges in India, including the NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and MCX (Multi Commodity Exchange). This ensures that it operates within the regulatory framework and provides a safe and convenient option forstock market trading needs. Upstox is known for its user-friendly trading platform, which offers features such as trading, analysis, charting, and more. The platform is built on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System), providing a robust and reliable trading experience. One of the key advantages of Upstox is its low-cost brokerage model. It charges a flat fee of Rs 20 per trade for Equity Delivery, Intraday, and F&O trades, making it cost-effective for traders. Additionally, Upstox offers zero brokerage on Equity Delivery trades, which can result in significant cost savings for investors. Upstox has gained popularity among traders and investors in India, with a growing customer base. It focuses on leveraging technology to provide innovative solutions and aims to make financial investing simple, fair, and accessible for all Indian investors. Overall, Upstox is a prominent financial services company in India, offering a range of trading and investment opportunities with competitive pricing and a user-friendly platform.

ICICI Direct:-ICICI Direct is a retail trading and investment service offered by ICICI Securities, a subsidiary of ICICI Bank, one of the largest private sector banks in India. ICICI Direct provides a range of financial services online as well as through its network of branches across India. The flagship website of ICICI Direct, called ICICIDirect.com, offers various services including online equity trading, derivatives trading, mutual funds, IPOs, fixed deposits, bonds, wealth products, insurance, and loans. It provides a comprehensive platform for investors and traders to manage their investments and execute trades. One of the key features of ICICI Direct is its 3-in-1 account, which combines a savings bank account, a trading account, and a demat account. This integrated account allows for seamless transfer of funds between the bank account and trading account, as well as automatic debit and credit of securities from the demat account. This simplifies the trading process and provides convenience to customers. ICICI Direct offers a user-friendly trading platform that provides real-time market data, research reports, and analysis tools to assist investors in making informed investment decisions. It also offers features such as one-click equity portfolios, where customers can invest in a group of stocks selected by an experienced research team. In terms of brokerage charges, ICICI Direct offers different plans and pricing options. It provides a flat brokerage rate for intraday and futures and options (F&O) trades, and also offers a premium plan for preferred brokerage rates. It is worth noting that ICICI Direct charges higher brokerage for trading in penny stocks and for call and trade services.

ICICI Direct has a strong presence in the Indian financial market and is known for its reliability, expertise, and commitment to delivering outstanding services. It has a wide customer base and provides support through various channels such as phone and email. Overall, ICICI Direct is a popular retail trading and investment service in India, offering a range of financial products and services through its online platform and branch network.

Kotak Securities:- Kotak Securities is a full-service stockbroker and a subsidiary of Kotak Mahindra Bank, one of the leading private banks in India. Established in 1994, Kotak Securities offers a range of financial services and investment options to retail investors in India.

As a 3-in-1 account provider, Kotak Securities offers a combination of a savings bank account, a trading account, and a demat account. This integrated account allows customers to seamlessly transfer funds between their bank account and trading account, as well as hold and trade securities in electronic form. Kotak Securities provides investment opportunities in various financial instruments, including equities, derivatives (equities, commodities, currency), mutual funds, and direct access to the US markets. They also offer services such as research SMS, margin trading, depository services, and third-party products like insurance. The company aims to provide a comprehensive range of financial solutions to meet the specific needs of their customers. They offer expert research calls, market updates, and research reports to assist investors in making informed investment decisions. Kotak Securities also provides a trading platform, including mobile apps like Kotak Neo, which offers easy online trading and portfolio management. In terms of customer support, Kotak Securities strives to provide efficient assistance to their customers. They offer multiple channels for customer support, including phone, email, and chat. The support team is trained to address customer queries and concerns promptly. It is important to note that Kotak Securities, like any investment service, involves market risks, and customers should carefully read all related documents and understand the risks before investing. Please note that the information provided above is based on general knowledge and understanding of Kotak Securities. For the most accurate and up-to-date information, it is recommended to visit the official Kotak Securities website or contact their customer support directly.

HDFC Securities:- HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, one of the leading private sector banks in India. Established in the year 2000, HDFC Securities offers a wide range of financial products and services to retail and institutional investors in India. As a stock-broking arm of HDFC Bank, HDFC Securities provides various investment options to its customers. These include trading and investing in equities, derivatives (such as futures and options), mutual funds, initial public offerings (IPOs), bonds, currency derivatives, commodities, and more. HDFC Securities operates through an integrated 3-in-1 account, which combines a savings bank account, a trading account, and a demat account. This allows customers to seamlessly transfer funds between their bank account and trading account, as well as hold and trade securities in electronic form. The company offers online trading platforms, mobile apps, and other tools to facilitate convenient and efficient trading and investment activities for its customers. HDFC Securities also provides research reports, market insights, and expert recommendations to assist investors in making informed investment decisions. They aim to offer a user-friendly and seamless trading experience to their customers. It is important to note that investing in financial markets involves risks, and customers should carefully evaluate their investment decisions and seek professional advice when needed. Please note that the information provided above is based on general knowledge and understanding of HDFC Securities. For the most accurate and up-to-date information, it is recommended to visit the official HDFC Securities website or contact their customer support directly.

Motilal Oswal:- Motilal Oswal Financial Securities is a part of Motilal Oswal Financial Services Ltd (MOFSL), a well-diversified financial services company based in India. MOFSL was founded in 1987 as a small sub-broking unit and has since grown into a multi-faceted financial services company with a focus on wealth creation through knowledge. Motilal Oswal Financial Securities offers various financial services, including broking and distribution. Their broking and distribution business helps retail customers make informed investment decisions. They provide an online stock trading platform that is highly regarded in India. The company is known for its customer-first attitude, ethical business practices, research-based value investing, and implementation of cutting-edge technology. Motilal Oswal Financial Securities has received several awards and recognition for its equity research and performance in the financial industry. They have been awarded the Best Performing National Financial Advisor Equity Broker at the CNBC TV18 Financial Advisor Awards multiple times. The company’s research reports have also received wide coverage in the media, and they have consistently ranked well in the AsiaMoney Brokers Poll. Overall, Motilal Oswal Financial Securities is a prominent financial services company in India, offering a range of services to help individuals make informed investment decisions and create wealth.

SBI Securities:- SBI Securities, also known as SBICAP Securities Ltd, is the stockbroking arm of the State Bank Group and a subsidiary of SBI Capital Markets Ltd. It is a full-service stockbroker that offers a range of financial services and investment options to retail and institutional investors in India. SBI Securities provides various services, including institutional equity, retail equity, derivatives, broking, depository services, and third-party distribution products. They offer online trading platforms, such as SBI Smart, which allows investors to trade in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. They also provide research services, giving customers access to research reports, analysis tools, and calculators. As a subsidiary of SBI Capital Markets Ltd, SBI Securities benefits from the backing of the State Bank of India (SBI), one of the largest and most trusted banking groups in India. SBI Securities aims to provide a trusted and convenient trading experience to its customers. It is important to note that investing in financial markets involves risks, and customers should carefully evaluate their investment decisions and seek professional advice when needed. Please note that the information provided above is based on general knowledge and understanding of SBI Securities. For the most accurate and up-to-date information, it is recommended to visit the official SBI Securities website or contact their customer support directly.

Paytm Money:- Paytm Money is a digital platform in India that offers various financial services, including investment and wealth management. It is a subsidiary of Paytm, a well-known digital payments platform in India. Paytm Money allows users to invest in a wide range of financial instruments, including mutual funds, stocks, initial public offerings (IPOs), exchange-traded funds (ETFs), and more. The platform aims to make investing transparent, low-cost, and commission-free.

In addition to investment services, Paytm Money also provides insurance services, making it easier for users to purchase insurance policies with convenience and simplicity. Paytm Money was launched in March 2018 with an initial investment of 9 crore for investment and wealth management. Since then, it has gained popularity among users due to its user-friendly interface, informative features, and the availability of direct mutual fund plans. Overall, Paytm Money is a platform that aims to simplify and democratize investment and wealth management for individuals in India, offering a range of financial services to help users achieve their financial goals.

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