Top 10 Brokerage Firms in IndiaIntroduction

The stock market has become an exciting avenue for investors in India. But to make the most of trading, you need the right brokerage firm. With numerous options available, choosing the best one can be overwhelming. Whether you're a beginner or an experienced investor, selecting the right broker can significantly impact your trading success. This article breaks down the top 10 brokerage firms in India, making your decision easier!

Discover the top 10 brokerage firms in India. Also, explore stock market courses in Pune, share market classes in Pune fees & best brokers for trading in 2025.

A brokerage firm acts as a middleman between traders and stock exchanges. It provides platforms to buy and sell stocks, mutual funds, commodities, and more. Brokers charge commissions or fees for executing trades, offering research insights, and providing trading tools.

Choosing the right brokerage firm depends on several factors:

Brokerage Charges – Some brokers charge per trade, while others offer subscription models.

User Experience – A smooth, easy-to-use platform is essential.

Research & Tools – Look for brokers offering market analysis and reports.

Customer Support – Quick and helpful customer service is crucial.

Stock Market Courses in Pune & Share Market Classes in Pune Fees – If you’re learning trading, opt for brokers providing educational resources.

Overview: India's largest discount broker, known for its low fees.

Brokerage Fees: Free equity delivery, Rs. 20 per intraday trade.

Best For: Beginners and experienced traders looking for cost-effective trading.

Overview: A tech-driven discount broker with fast execution speeds.

Brokerage Fees: Rs. 20 per order for equity and derivatives.

Best For: Traders who want a seamless mobile trading experience.

Overview: Full-service broker with strong research tools.

Brokerage Fees: Rs. 20 per order for intraday, free equity delivery.

Best For: Investors looking for expert advisory services.

Overview: A trusted name with banking integration.

Brokerage Fees: Charges depend on the plan chosen.

Best For: Long-term investors who prefer full-service brokers.

Overview: Backed by HDFC Bank, offering banking-trading integration.

Brokerage Fees: 0.05% intraday, 0.50% for delivery.

Best For: HDFC Bank customers looking for easy transactions.

Overview: A simple platform, ideal for new investors.

Brokerage Fees: Rs. 20 per trade.

Best For: Beginners looking for an easy-to-use trading app.

Overview: Affordable broker with multiple investment options.

Brokerage Fees: Rs. 10 per order in the Ultra Plan.

Best For: Cost-conscious traders.

Overview: Full-service broker with banking benefits.

Brokerage Fees: Rs. 20 per order in trade-free plan.

Best For: Kotak Bank customers who prefer integrated trading services.

Overview: Known for its research-driven approach.

Brokerage Fees: Based on a percentage model.

Best For: Investors looking for in-depth research and advisory services.

Overview: One of India's oldest and most reputed brokers.

Brokerage Fees: 0.10% for delivery, Rs. 20 per order for intraday.

Best For: Traders looking for robust trading platforms.

Here’s a quick comparison of brokerage charges for these firms:

Brokerage Firm

Equity Delivery

Intraday Charges

Best Feature

Zerodha

Free

Rs. 20/order

Low-cost trading

Upstox

Free

Rs. 20/order

Fast execution

Angel One

Free

Rs. 20/order

Research tools

ICICI Direct

Varies

Varies

Banking integration

HDFC Sec

0.50%

0.05%

HDFC Banking benefits

Groww

Free

Rs. 20/order

Easy interface

5Paisa

Free

Rs. 10/order

Low brokerage

Kotak Sec

Free

Rs. 20/order

Banking tie-up

Motilal Oswal

Varies

Varies

Advisory services

Sharekhan

0.10%

Rs. 20/order

Reputed name

Selecting the right brokerage firm can enhance your trading experience and maximize returns. Whether you're looking for low-cost brokers like Zerodha or full-service firms like ICICI Direct, there's an option for everyone. Remember to consider brokerage fees, user experience, and additional benefits before making your choice.

Which brokerage firm is best for beginners?
Zerodha and Groww are excellent choices for beginners due to their user-friendly platforms and low fees.

Are stock market courses in Pune worth it?
Yes, enrolling in stock market courses in Pune can help you understand trading strategies and minimize risks.

What are the share market classes in Pune fees?
The fees vary from Rs. 5,000 to Rs. 50,000, depending on the institute and course level.

Which brokerage firm has the lowest charges?
Zerodha and 5Paisa offer some of the lowest brokerage charges in India.

Can I switch my brokerage firm later?
Yes, you can switch brokers anytime by transferring your holdings to another firm.