Broker |
Best For |
Active Clients (in crores) |
Brokerage Charges |
Key Features |
Pros |
Cons |
Zerodha |
Discount brokerage, user-friendly interface |
0.648 |
Zero brokerage on equity delivery, ₹20 per order for intraday |
Clean Kite platform, Varsity learning resources |
Low brokerage fees, excellent learning resources |
No direct mutual fund investment via Kite, no free research reports |
Groww |
Simple investment experience for new investors |
0.663 |
Zero brokerage on equity delivery, ₹20 per order for intraday |
Easy-to-use platform, mutual fund investments |
User-friendly platform, seamless mutual fund investments |
Limited research tools, no commodity or currency trading |
Angel One |
Full-service brokerage with research support |
3.013 |
Free brokerage on equity delivery, ₹20 per order for intraday |
AI-driven stock recommendations, research reports |
Strong research and advisory services, good stock recommendations |
Higher brokerage for intraday trades, occasional app lag |
Upstox |
Cost-effective trading with advanced features |
0.219 |
Zero brokerage on equity delivery, ₹20 per order for intraday |
Fast mobile app, strong research tools |
Low-cost trading, efficient platform |
Customer support can be slow, limited educational content |
5paisa |
Budget-friendly trading with multiple investment options |
0.043 |
Flat brokerage plans (₹10-₹20 per order) |
Stocks, mutual funds, insurance, good analytics |
Affordable trading plans, multiple investment options |
Customer support needs improvement, complex UI for beginners |
ICICI Direct |
Beginners looking for traditional full-service brokerage |
0.1938 |
Higher brokerage fees, ₹20-₹95 per order |
Trusted ICICI Bank backing, seamless banking integration |
Strong research reports, secure banking integration |
Expensive brokerage fees, outdated UI compared to new brokers |
HDFC Securities |
Banking customers looking for seamless trading |
0.1488 |
Higher brokerage fees, ₹20-₹95 per order |
Strong advisory, multiple investment products |
Trusted brand, strong research and advisory |
High brokerage charges, less modern platform |
Kotak Securities |
Comprehensive banking and trading services |
0.1491 |
Percentage-based; varies across segments |
Integrated banking and trading, research reports |
Strong banking integration, reliable research |
Higher brokerage fees, platform can be complex |
Motilal Oswal |
Research-driven investment guidance |
0.0874 |
Percentage-based; varies across segments |
Detailed research reports, portfolio management |
Extensive research, diverse investment options |
Higher brokerage fees, platform may seem outdated |
m.Stock by Mirae Asset |
Zero brokerage offerings with global presence |
0.2000 |
Zero brokerage for life |
Advanced platform, global investment options |
No brokerage charges, strong international backing |
Relatively new player, limited track record |
Alice Blue |
Discount brokerage with competitive pricing |
0.0154 |
Zero brokerage on equity delivery, ₹15 per order for intraday |
ANT trading platform, commodity trading options |
Low brokerage fees, multiple trading platforms |
Customer service can be improved, limited research tools |
Fyers |
Technology-driven trading platform |
0.0243 |
Zero brokerage on equity delivery, ₹20 per order for intraday |
Advanced charting tools, thematic investing |
Innovative tools, transparent pricing |
No commodity trading, limited offline presence |