Explore the List of the Top 6 Share Brokers in India

Looking for a demat account to kickstart your stock market investment journey and also looking for the best online broker in India? Today, we will discuss the top 6 share brokers in India in detail to help you choose the best for your trading needs.

In this article, you will read about:

  • Groww| Top Stock Broker in India
  • Shoonya| Trading App with Zero Brokerage
  • Upstox| Best Stock Trading App
  • Zerodha| Best Stock Trading App for Beginners in India 
  • Angel One| Best Online Stock Trading App
  • ICICI Direct| Best Stock Investment App India

Groww- 1st on the list of Top 6 Share Brokers in India

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Groww was founded in 2016. The platform aims to democratise investing by making it accessible to everyone.

  • Pros
    • Groww offers a flat fee of Rs 20 per executed trade or 0.05% for Equity, Intraday, and F&O trades, making it cost-effective for investors.
    • It provides zero-commission direct mutual funds.
    • Groww prioritises investor education with free eBooks, blogs, and videos.

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  • Cons:
    • While Groww offers low brokerage charges, there are additional charges. This includes auto square-off charges and other transaction fees.

Shoonya – 2nd on the list of Top 6 Share Brokers in India

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Shoonya, launched in 2013, is India’s first zero-commission trading platform. It aims to disrupt the traditional brokerage model by offering commission-free trading across various segments.


  • Shoonya offers a commission-free experience across all segments and exchanges. This includes equity intraday, delivery, futures, options, currency, commodities, mutual funds, ETFs, bonds, and IPOs.
  • AI-stock price prediction and signals for up to 1,500 Indian scrips with daily top picks across long, mid, and short caps.
  • It offers a free demat account with no annual charges.
  • Shoonya offers advanced tools such as TradingView charts, order slicing, bracket orders, basket orders, option chains, etc.


  • While Shoonya provides advanced trading tools and AI-powered insights, there is a lack of physical branches for local support.

Upstox| 3rd on the list of Top 6 Share Brokers in India

Upstox, established in 2011, aims to make trading in the Indian stock market effortless and affordable. It operates under SEBI regulation and offers a comprehensive suite of products and services.

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  • Pros
    • Upstox offers a user-friendly interface with advanced charting tools.
    • It provides a comprehensive suite covering equity, commodity, futures and options, currency, IPOs, and more.
    • Upstox offers competitive brokerage charges.
  • Cons:
    • The charges for equity delivery are relatively higher compared to some other brokers, which may be a concern for long-term investors.
    • Upstox charges additional fees for services like call & trade and instant money transfer, which may add up for some investors.

Zerodha| 4th on the list of Top 6 Share Brokers in India

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Zerodha, founded in 2010, is a pioneer in online discount broking in India. It was started with a vision to break down barriers in the Indian broking space and has since become one of the top share brokers in India.

  • Pros
    • Zerodha offers zero brokerage fees for equity delivery trades.
    • Zerodha provides cutting-edge online trading tools and platforms, such as Zerodha Kite, Coin, Varsity, and others.
    • Zerodha is a pioneer in zero-commission direct mutual funds.

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  • Cons
    • Some users have reported issues with Zerodha’s customer service, citing delays in responding to and resolving queries.

Angel One| 5th on the list of Top 6 Share Brokers in India

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Angel One, established in 1987, has a rich history in the brokerage industry and offers a wide range of financial products and services.


  • It offers a user-friendly, fast, and secure trading platform equipped with essential features and tools.
  • Angel One provides access to stocks, commodities, currencies, mutual funds, IPOs, bonds, and more.
  • It follows a transparent pricing model with applicable brokerage charges for various segments.


  • While Angel One’s brokerage charges are competitive, they may not be the lowest in the market.

ICICI Direct| 6th on the list of Top Share Brokers in India

ICICI Direct provides services for equity, commodity, and currency trading, among others.

  • Pros
    • It offers comprehensive financial services, including stockbroking, insurance, investment banking, wealth management, and various other products.
    • Customers can choose between the ICICIDirect.com website, Trade Racer (trading terminal), and the ICICIDirect mobile app.
    • ICICI Direct offers multiple brokerage plans to cater to varying needs.
  • Cons
    • While ICICI Direct offers multiple brokerage plans, the brokerage charges may be relatively higher compared to some discount brokers.
    • It may charge additional fees for services like call and trade, which could add to the overall cost for some investors.


Choosing one of the best brokers in India is important for any investor or trader. You have the option to compare and select from a curated list of the top 6 share brokers in India. Do consider their distinctive features, advantages, and limitations.

Happy trading!

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