Top 10 Stock Brokers in India – Best Demat & Trading Accounts (2025 Guide)
If you're planning to start trading or investing in India, the first step is to open a Demat and trading account with a reliable stockbroker. In this post, we’ll explore the Top 10 Stock Brokers in India and how to open your account easily.
Why You Need a Stock Broker
A stockbroker acts as a bridge between investors and the stock exchange, allowing you to buy and sell securities online. There are two main types of brokers in India:
Full-Service Brokers – Offer investment advice, research, and local support.
Discount Brokers – Provide low-cost trading platforms for self-directed investors.
How to Open a Demat Account in India
Requirements:
1. Fill out the online application form.
2. Aadhaar card number (linked with your mobile number).
3. PAN card copy.
4. Bank account details and a canceled cheque or bank statement.
5. Signature copy.
6. Passport-size photo or selfie.
7. Complete eSign using Aadhaar OTP.
Once verified, you’ll receive your Customer ID and password via email or SMS within 1–3 business days. Minimum investment starts from ₹100 to ₹1 lakh depending on the broker.
Top 10 Stock Brokers in India (2025)
1. Zerodha
Zerodha is India’s largest and most trusted discount broker. It offers low brokerage charges, a powerful trading platform, and seamless investing options in stocks, mutual funds, and commodities.
Brokerage: ₹20 per trade or 0.03%
Best For: Beginners and long-term investors.
Website: www.zerodha.com
2. Upstox
Upstox is known for its user-friendly interface, low fees, and advanced charting tools. It’s backed by investors like Ratan Tata and provides free account opening offers.
Brokerage: ₹20 per order
Best For: Active traders.
Website: www.upstox.com
3. Angel One (formerly Angel Broking)
A full-service broker with personalized advisory, research reports, and AI-based portfolio tools. Angel One combines strong offline support with a smart online platform.
Brokerage: Flat ₹20 per order
Best For: Investors seeking guidance.
Website: www.angelone.in
4. 5paisa
5paisa is a low-cost discount broker offering ₹0 account opening, flat ₹20 brokerage, and free stock ideas. It’s perfect for small investors.
Brokerage: ₹20 per trade
Best For: Budget investors.
Website: www.5paisa.com
5. Sharekhan
Sharekhan offers both online and offline services across 1800+ branches. It provides advanced research reports, advisory services, and a robust trading platform.
Brokerage: As per plan
Best For: Full-service trading.
Website: www.sharekhan.com
6. IIFL Securities
IIFL is one of India’s oldest brokers, known for stock recommendations, research reports, and investment advisory.
Brokerage: Flat ₹20 per trade
Best For: Research-driven traders.
Website: www.indiainfoline.com
7. Motilal Oswal
A trusted name with 30+ years of experience. Offers expert research, mutual funds, and wealth management services.
Brokerage: Based on volume
Best For: Long-term investors.
Website: www.motilaloswal.com
8. TradeSmart
A discount brokerage firm under VNS Finance. Known for low brokerage plans and fast execution.
Brokerage: ₹15 per order or 0.007%
Best For: Intraday traders.
Website: www.tradesmartonline.in
9. Reliance Smart Money
Offers 30x leverage, research tools, and multiple asset classes. It’s a part of Reliance Capital, ensuring trust and strong service.
Brokerage: Flat-rate plans available
Best For: Experienced investors.
Website: www.reliancesmartmoney.com
10. Groww
Groww is a new-age broker popular for its simple mobile app, mutual fund investing, and zero account charges.
Brokerage: ₹20 per order
Best For: Beginners and mutual fund investors.
Website: www.groww.in
Conclusion
Choosing the right stockbroker depends on your goals — whether you want low-cost trading, research support, or a user-friendly app.
If you’re a beginner, Zerodha and Upstox are great starting points. For expert advisory, go with Angel One or Motilal Oswal.
Start your investment journey today and make informed decisions to grow your wealth!
