Explore the List of Top 10 Share Brokers in India

With India surpassing Hong Kong and securing the fourth spot in global stock markets by market capitalisation, stock market trading is gaining popularity. Simultaneously, the increasing number of online brokers in India has made it easier for investors. However, with plenty of choices available, picking the best broker is a key decision. That’s why we have curated a list of the top 10 share brokers in India to assist you in choosing the best broker in India for your trading needs.

In this article, you will read about the top 10 brokers in India- 2026

• Groww – Best Share Broker in India
• Shoonya by Finvasia – Top Online Stock Broker in India
• Dhan- Best Trading Platform for Active Traders
• Zerodha – Best Online Stock Market Broker in India
• Upstox – Best Stock Broker App
• Angel One – Best Online Stock Broker in India
• ICICI Direct – Best Share Broker in India
• HDFC Securities Ltd – Best Online Trading Platform
• Kotak Securities Ltd – Best Stock Broker for Beginners in India
• 5Paisa – Top Share Broker in India
• Motilal Oswal – Top Online Trading Platform in India

Groww- Best Share Broker in India

Groww, founded in 2016 by former Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, tops the list of top 10 share brokers in India. Holding registrations with SEBI as a stockbroker, depository participant, and investment adviser, Groww has garnered attention for its user-friendly interface and competitive pricing.

USPs

• Zero brokerage on equity delivery investments, with a flat Rs 20 per executed order for intraday trades.
• Free Demat account with zero AMC and no hidden charges.
• DEXT T3, a professional-grade trading terminal built for speed, alongside a dedicated Options Trader app and web platform with a built-in strategy builder.
• Access to 1,500+ direct mutual fund schemes at zero commission, along with ETF and IPO investing within the same account.
• ScanX is an integrated stock screener offering heatmaps, option chain analysis, and SLBM rental yield data for research-driven traders.

• Minimal brokerage fee: Rs 20 per executed trade or 0.05% for Equity, Intraday, and F&O transactions.
• User-friendly trading app with 128-bit encryption, serving over 90 lakh users.
• Zero-commission direct mutual funds.

Pros	Cons
Simple pricing model with flat Rs 20 per trade brokerage.	Absence of Call and Trade services.
Zero account opening fee.	Trailing stop loss and advanced order types such as BO, CO, AMO, and GTT. are not available in the Groww app.
No Demat AMC charges.	Does not offer NRI Trading.
Direct Mutual Funds platform offering an additional 1.5% returns.	SME IPOs are not available.

Shoonya By Finvasia- Top Online Stock Broker in India

Shoonya, launched in 2013, stands at 2nd position among the top 10 share brokers in India. Shoonya is India’s most transparent trading platform. It holds the distinction of being the nation’s first platform to offer users the ability to open a free demat account, facilitating commission-free trading across various segments.

USPs

• Trade stocks, mutual funds, bonds, ETFs, futures and options, currency, and commodities on major exchanges like NSE, BSE, MCX, and NCDEX with a free demat account.
• Streamlined onboarding process with no charges for opening an account and zero annual maintenance fees.
• Gain a trading edge with data-powered signal-based analysis for the Stock Market.
• Advanced tools such as TradingView charts, order slicing, bracket orders, basket orders, option chains, and more enhance trading strategies.
• Prioritise user satisfaction with accessible customer support via live chat, phone, email, and support tickets for prompt issue resolution.
• Seamlessly trade on a user-friendly interface available on desktop, web, and mobile devices (compatible with Android and iOS).

Pros	Cons
Free demat account with zero AMC	Doesn’t offer a 3-in-one account.
Brokerage on all delivery tradeson NSE and BSE	Does not provide Margin Funding services.

Dhan- Best Trading Platform for Active Traders

Dhan, established in 2021 by Raise Financial Services, is one of the fastest-growing additions to the list of top share brokers in India and has built a reputation among both retail traders and long-term investors. Registered with SEBI as a stockbroker and depository participant, Dhan combines a zero-cost investing structure with a professional-grade, multi-platform trading ecosystem trusted by over 1 million active users.

USPs

• Zero brokerage on equity delivery investments, with a flat Rs 20 per executed order for intraday trades.
• Free Demat account with zero AMC and no hidden charges.
• DEXT T3, a professional-grade trading terminal built for speed, alongside a dedicated Options Trader app and web platform with a built-in strategy builder.
• Access to 1,500+ direct mutual fund schemes at zero commission, along with ETF and IPO investing within the same account.
• ScanX is an integrated stock screener offering heatmaps, option chain analysis, and SLBM rental yield data for research-driven traders.

Pros	Cons
Zero brokerage on equity delivery trades.	Relatively newer brand compared to some legacy full-service brokers.
Free Demat account with zero AMC.	Does not offer a 3-in-1 banking account.
Multi-platform ecosystem: App, Web, DEXT T3, and Options Trader.	Some advanced terminal features (DEXT T3) are built primarily for desktop use.

Zerodha- Best Online Stock Market Broker in India

Zerodha, established in 2010, holds the prestigious position of the third-ranked broker among the top 10 share brokers in India. Founded with a visionary approach by Nithin Kamath, Nikhil Kamath, and Dr. Kailash Nadh, Zerodha has become synonymous with online discount broking excellence.

Zerodha has memberships in NSE, BSE, MCX, and CDSL.

USPs:

• Offers up to 20x leverage on intraday trading, catering to a diverse range of investor profiles.
• Demonstrates technological effectiveness through platforms like Zerodha Kite, Coin, Varsity, Trading Q&A, Smallcase, Streak, Sensibull, GoldenPi, and Ditto.

Pros	Cons
Offers cutting-edge trading platforms and tools, including Kite, Console, and Coin.	Does not provide stock tips.
	Additional charges of Rs 50 per executed order for certain positions not squared off by the customer and an extra fee for Call & Trade services.

Upstox – Best Stock Broker App

Ranked fourth among the top 10 share brokers in India, Upstox commenced its journey in 2011 with a commitment to providing exclusive brokerage services. Regulated by SEBI, Upstox holds licenses as a stockbroker, depository participant, and commodity broker.

USPs

• Upstox offers a variety of products and services, including equity, commodity, futures and options (FnO), currency, IPOs, and more, accessible through its user-friendly Upstox Pro Web and Upstox Pro Mobile trading platforms.
• The Upstox Pro trading platform is renowned for its advanced charting tools and seamless trading experience, catering to the needs of both newcomer and experienced traders.

Pros	Cons
Online account opening is free of charge.	A call-and-trade fee is Rs 20 per executed order.
Flat Rs 20/ trade brokerage across all segments – delivery, intraday, and F&O.	Automatic settlement charges an additional Rs 20 per executed order.
Upstox Bridge for AmiBroker facilitates coding and executing trading strategies.	No provision for a 3-in-1 account.
	No API access for automated trading.
	Absence of NRI Trading and Demat accounts.

Angle One- Best Online Stock Broker in India

Angel One ranks fifth among the top 10 share brokers in India. Over the years, the company has evolved significantly, expanding its offerings to provide a range of financial products and services.

USPs

• Angel One boasts a user-friendly, swift, and secure trading platform equipped with all essential features and tools for effective trading and investing.
• It caters to a wide range of financial instruments, including stocks, commodities, currencies, mutual funds, IPOs, bonds, and more.
• Adhering to a transparent pricing model, Angel One imposes brokerage charges across various segments, ensuring clarity and fairness in pricing.

Pros	Cons
Provision of free advisory/tips for stocks and mutual funds.	Margin funding is provided to customers without notice, leading to confusion and resulting in hefty interest charges.
No charges for NEFT/fund transfers.	No trading in SME shares.
	GTC/GTT order facility is not available.
	Does not offer a 3-in-1 account.

ICICI Direct: Best Share Broker in India

Ranked sixth among the top 10 share brokers in India, ICICI Direct currently serves over 50 lakh customers. It specialises in online trading, offering services for buying and selling stocks, commodities, and currencies on various exchanges. Additionally, it provides services for mutual funds, IPOs, fixed deposits, bonds, and loans.

USPs

1. The Neo Plan features a flat-rate brokerage approach, allowing brokerage-free equity futures trading.
2. For Equity Intra-day and Options trading, ICICI Direct charges a flat Rs 20 per executed order.
3. For equity delivery, a brokerage of 0.55% is applied.
4. ICICI Direct offers varied brokerage plans, including the I-Secure Plan, ICICI Direct Prime Plan, Lifetime Prepaid Brokerage Plan, and Neo Plan.

HDFC Securities Ltd: Best Online Trading Platform

Established in 2000, HDFC Securities is a major stock broker under HDFC Bank. It currently ranks seventh on the list of top 10 share brokers in India.

It focuses on trading and investment, allowing transactions in shares, bonds, futures, options, mutual funds, IPOs, currency derivatives, commodities, and stock portfolios. Registered with SEBI, it’s a member of various exchanges.

USPs

• Offers a wide range of over 30 products and services.
• Provides a 3-in-1 account, integrating savings, trading, and a Demat account for a smooth investment journey.

Kotak Securities Ltd: Best Stock Broker for Beginners in India

Founded in 1994, Kotak Securities is a full-service stockbroker. Standing at position 8th on the list of top 10 share brokers in India, it offers retail investors a 3-in-1 account, providing opportunities in equities, derivatives, commodities, currency, and mutual funds.

USPs

• Provides a 3-in-1 account, ensuring a seamless trading experience.
• Offers free research on technical, fundamental, derivatives, macro-economic, and mutual funds, distinguishing itself in the market.

Pros	Cons
Kotak Securities offers a 3-in-1 account.	Very high brokerage in the dealer-assisted brokerage plan (0.39% for delivery, Rs 30 per lot for Options).
Zero brokerage plan for investors up to the age of 30 years.	High equity delivery brokerage charges (0.25%).

5Paisa: Top Share Broker in India

5Paisa is a discount brokerage firm known for its affordable charges and easy-to-use trading platform.

With a customer base exceeding 1 million, 5Paisa currently ranks 9th on the list of the top 10 share brokers in India.

USPs

• Provides detailed research and advice on over 4,000 companies, offering short-term and long-term calls, Derivative strategies, and portfolio-based investment ideas.
• 5paisa offers margin trade funding, where customers pay only a part of the amount for delivery trades, with the rest funded by 5paisa at a nominal rate of 0.06% per day.
• Beyond trading, 5paisa’s app is a one-stop shop for various investment products like gold, peer-to-peer lending, insurance, mutual funds, and US investment.

Pros	Cons
All-in-one account for stocks, mutual funds, commodities, currencies, research, and advisory.	High demat debit transaction charges (Rs 25 or 0.025% in Optimum plan).
Free and paperless account opening in 5 minutes.	Higher exchange transaction charges compared to other discount brokers.
Multilingual trading app.	Call & Trade is available at an additional cost of Rs 100 per call in the Optimum plan.
	NRI trading services are not offered.
	Does not offer a 3-in-1 account.

Motilal Oswal: Top Online Trading Platform in India

Motilal Oswal is a full-service brokerage firm serving over 1 million customers. They provide various trading platforms such as the Motilal Oswal Trading App, Website, and Desktop. Additionally, they offer research tools and educational content for traders and investors.

USPs

• Diversified client base including retail investors, High-Net-Worth Individuals, mutual funds, foreign institutional investors, financial institutions, and corporate clients.
• Competitive brokerage charges, with special offers like Free Equity Intraday Trading for Lifetime.

Pros	Cons
Stock SIP feature – invest in the stock you love.	Very high brokerage charges compared to other full-service brokers and discount brokers.
Free and early access to Investor Community – StoCoMo.	Doesn’t offer a 3-in-1 account.

Conclusion

Choosing one of the best brokers in India is a crucial decision for any investor or trader. With so many options available, it can be hard to find the one that suits your needs and preferences. You can compare and now easily choose from the list of the top 10 share brokers in India based on their features, benefits, and drawbacks.

Whether you are looking for a user-friendly trading platform, a 3-in-1 account, or a reliable research and advisory service, you can find the best broker in India from this list.

Before opening a demat account, make sure you understand the trading process. Take a free trading courses in Hindi designed for beginners.