Top Stock Brokers in India for Smart Investors

A financial expert who buys and sells securities for customers, such as stocks, bonds and mutual funds are known to be as the stockbrokers. They facilitate trading by serving as a go-between for investors and stock exchanges. 

The Securities and Exchange Board of India Act, 1992, governs share brokers in India, and brokers are required to register with the Securities and Exchange Board of India (SEBI). Investors can trade in capital markets through a variety of channels, including broker offices, investment advisors, and screen-based electronic trading systems, thanks to the National Stock Exchange of India and the Bombay Stock Exchange via brokers. 

To register as an investment advisor, a person working for an investment firm needs to pass the National Institute of Securities Markets (NISM) exam and submit an application to SEBI. 

In India, stock market research New IPO and consulting services are subject to strict regulations. This is restricted to stock advisory and investment research experts who are registered with SEBI. For the safety of investors, the full details of these approved individuals are posted on the SEBI website. The top brokers in India that deal in stocks, mutual funds, and other securities are listed below. 

Angel One

Angel One Limited Registered Office: 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai - 400093. Telephone: (022) 42319600 , Fax: (022) 42319607, CIN: L67120MH1996PLC101709, SEBI Registration No.: INZ000161534-BSE Cash/F&O/CD (Member ID: 612), NSE Cash/F&O/CD (Member ID: 12798), MSEI Cash/F&O/CD (Member ID: 10500), MCX Commodity Derivatives (Member ID: 12685) and NCDEX Commodity Derivatives (Member ID: 220), CDSL Registration No.: IN-DP-384-2018, PMS Registration No.: INP000...

Dhan

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians with Dhan. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value...

Groww Stock Trading, Demat, Brokerage

Groww is an online investment platform that allows users to: Invest in stocks, mutual funds, IPOs, ETFs, and digital gold  Trade in domestic and US stocks Build systematic investment plans Track investments Groww's mission is to make investing as intuitive and accessible as ecommerce. The company's goals include:  Empowering people in India  Making financial services simple, transparent, and delightful  Making financial servic...

HDFC Securities

HDFC Securities Limited, an esteemed financial intermediary, stands as a subsidiary of HDFC Bank, a top-tier private sector bank in India. Rooted in Mumbai, this leading stock broking firm has an illustrious 20-year journey since its inception in 2000. Initially, HDFC Securities was the outcome of a joint venture encompassing HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited.

ICICIdirect

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services. I-Sec operates www.icicidirect.com, a virtual financial supermarket, meeting the three need sets of its clients - investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management, and investment...

Kotak Securities

Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, o...

Motilal Oswal

Motilal Oswal Financial Services provides financial services like stock market broking on BSE, NSE, MCX & NCDEX, investment banking, private wealth management, asset management & commodity trading.

mStock

m.Stock is a share market trading app from Mirae Asset that offers zero brokerage fees for life on all investment products:  Features m.Stock offers a variety of investment options, including equity, commodities, currency, futures, options, mutual funds, insurance, bonds, and exchange traded funds. It also has a range of tools to help with investing and trading, such as calculators, watchlists, and portfolio overviews. Read more

Paytm Money

Paytm Money is a SEBI-registered stock broker and depository participant that offers a variety of investment products and services:  Investment options Paytm Money offers a range of investment options, including equity investment, mutual fund investment, IPOs, NPS investment, debt instruments, and more Services Paytm Money also offers services such as depository services, lending and credit, insurance, and wealth management Read more...

SBI Securities

SBI Securities is the embodiment of trust and reliability in the world of investment solutions. We are proud to be a wholly-owned subsidiary of SBI Capital Markets Ltd and a part of the State Bank Group, India's largest and most trusted banking conglomerate. With a rich legacy and unparalleled expertise, SBI Securities has earned its reputation as a leading player in the financial industry. Our commitment to excellence and our unwavering focus on our client's needs has made us the go-to choice...

Sharekhan

Sharekhan is an Indian retail brokerage full-service brokerage firm, that as of 2020, was the fifth largest full-service firm and the 8th largest stock broker in India with 16 lakh customers.[1][2] Sharekhan was one of the pioneers of online trading in India. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, Employee Stock Ownership Plan financing, IPO financing and wealth management.

Upstox

Upstox is an online investment brand of RKSV Securities. It is a SEBI registered financial service provider. RKSV offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and Demat accounts. Upstox offers a fast, reliable & easy-to-use trading platform for traders in the Indian stock market. Upstox offers low-cost trading services. The equity delivery (cash & carry) trading is offered for free to the customer. No brokerage is charged for orders placed in thi...

Zerodha

Zerodha Broking Ltd. is an Indian stock broker and financial services company that is member of the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and the Multi Commodity Exchange (MCX). It offers institutional and retail brokerage, currency and commodity trading, mutual funds and bonds.[2][3] Founded in 2010, the company is headquartered in Bengaluru and has a physical presence in many major Indian cities.[4][5][6][7] As of May 2024, they have an active client base of 7...

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