The first thing that comes into your mind when you are stepping into the share market is, who is the best share broker for me? Now, this should be a well-researched decision. Choosing the right broker is an integral part of your investment journey. To simplify your decision-making process, we have a list here that shows the top 5 share brokers in India.
Let us begin!
In this article, you will read about:
- Groww- Best Online Broker
- Shoonya- Zero Brokerage Trading Platform
- Zerodha- Best Online Trading App
- 5Paisa- Best Share Broker
- Kotak Securities- Online Trading Platform
Groww
Ranking 1st on the list of top 5 share brokers in India, Groww offers online flat-fee discount brokerage services. You can invest in Equity, IPOs, and Direct Mutual Funds.
Established in 2016, Groww initially focused on direct mutual fund investments and later expanded to include Equity trading, Digital gold, US Stocks, and Fixed Deposits.
USPs
- Simple pricing model with a flat Rs 20 per trade brokerage.
- Zero account opening fee and no Demat AMC charges.
- Direct Mutual Funds platform offering additional returns.
Enjoy a lifetime free demat account with no annual charges!
Shoonya
Shoonya, ranked 2nd on the list of top 5 share brokers in India, is the first zero-commission online trading platform. With no hidden costs, you can enjoy commission-free trading across all segments. This includes stocks, mutual funds, bonds, ETFs, futures, options, currency, and commodities across all the major four exchanges.
Its user-friendly interface, advanced trading tools, and responsive customer support make it a standout choice for you.
USPs
- Lifetime free demat account
- AI-powered stock market predictions
- Commission-free trading across all segments and all four major exchanges in India
Download now- a trading app with zero brokerage!
Zerodha
Zerodha, established in 2010, ranks 3rd among the top 5 shar brokers in India. It prioritizes transparency and technological innovation. Its main trading platforms include, Zerodha Kite, Coin, and Varsity.
USPs
- Zero Brokerage for Mutual Funds and Equity Delivery, with a maximum charge of Rs 20/ trade.
- 20x leverage on intraday trading and zero-commission Direct Mutual Funds.
- Multiple trading platforms like Zerodha Kite, Coin, and Varsity.
5Paisa
This share broker is currently the fourth-best broker in India. It offers trading in equity, commodities, and currency on the BSE, NSE, and MCX.
USPs
- The lowest flat brokerage of Rs 20 per trade.
- Comprehensive research and advisory on over 4,000 companies.
- A multi-product platform covering stocks, mutual funds, gold, insurance, and US investments.
Kotak Securities
Kotak Securities Ltd. offers full-service stockbroking with 3-in-1 accounts to retail investors in India. Currently ranked fifth among the top 5 share brokers in India, it provides investment options in equities, derivatives, mutual funds, and direct access to US markets.
USPs
- 3-in-1 accounts, comprehensive research, and different brokerage plans.
- Brokerage-free intraday trades (Equity and F&O) for account holders.
Conclusion
Selecting the right share broker in India is the first step to begin trading. You must compare the brokerage fees, investment options, research and advisory services, and ease of use. Each of the top 5 share brokers mentioned above offers unique advantages catering to different investor preferences.
Simply compare this list of the top 5 share brokers, and you’ll be well-prepared to enter the Indian market.