Introduction
India’s stock market is growing rapidly, with over 12 crore Demat accounts registered as of 2026. Behind every successful trader or investor is a reliable stockbroker that provides seamless order execution, user-friendly platforms, research insights, and competitive brokerage.
But with dozens of brokers in the market, choosing the right one can be confusing. To simplify, we’ve ranked the Top 10 Stockbrokers in India 2026 based on brokerage charges, trading platforms, customer service, and extra benefits.
Ranking Factors
✔️ Brokerage Charges (intraday, delivery, F&O)
✔️ Trading Platforms (web, mobile, desktop)
✔️ Research & Advisory
✔️ Account Opening / AMC Fees
✔️ Trust & Customer Base
🔝 Top 10 Stockbrokers in India 2026
1. Zerodha
- Type: Discount Broker
- Account Opening: ₹200
- Brokerage: ₹0 on delivery, ₹20/order on intraday & F&O
- Highlights:
- India’s largest broker (1.2 crore+ clients)
- Kite App (fast, reliable, advanced charts)
- Zerodha Varsity (free investor education)
- Best For: Traders who want low brokerage & advanced tools
2. Upstox
- Type: Discount Broker
- Account Opening: Free
- Brokerage: ₹0 delivery, ₹20/order intraday & F&O
- Why Choose:
- Backed by Ratan Tata
- Pro Web & App with advanced charts
- Fast order execution & margin options
- Best For: Beginners & active intraday traders
3. Angel One
- Type: Full-Service Broker (discount pricing)
- Account Opening: Free
- Brokerage: Flat ₹20/order across segments
- Special Features:
- AI-powered trading tips
- Free research reports & advisory
- Huge offline presence (branches across India)
- Best For: Investors wanting both low costs + research
4. ICICI Direct
- Type: Full-Service Broker
- Account Opening: ₹975
- Brokerage: Higher than discount brokers, but offers plans
- Why It’s Trusted:
- 3-in-1 account (bank + demat + trading)
- Strong advisory & premium research
- Wide investment products (FDs, bonds, ETFs, IPOs)
- Best For: Investors seeking trust & all-in-one solution
5. HDFC Securities
- Type: Full-Service Broker
- Account Opening: ₹999
- Brokerage: Percentage-based (slightly higher)
- Strengths:
- Strong banking integration (HDFC Bank)
- Safe & reliable
- Multiple investment options beyond stocks
- Best For: Traditional investors & HDFC Bank customers
6. Kotak Securities
- Type: Full-Service Broker
- Account Opening: Free
- Brokerage: ₹0 intraday (limited plan), standard charges otherwise
- Highlights:
- Kotak Trinity Account (savings + demat + trading)
- Research-backed investment calls
- Best For: New investors looking for low-cost intraday trading
7. Groww
- Type: Discount Broker
- Account Opening: Free
- Brokerage: ₹20/order
- Why Popular:
- Easy-to-use mobile app
- Zero commission mutual funds
- Fast-growing user base
- Best For: First-time investors & millennials
8. 5paisa
- Type: Discount Broker
- Account Opening: Free
- Brokerage: ₹10/order (lowest in India)
- Highlights:
- AI-driven stock recommendations
- Multiple subscription plans for frequent traders
- Best For: Cost-conscious traders
9. Motilal Oswal (MO Investor)
- Type: Full-Service Broker
- Account Opening: Free
- Brokerage: Percentage-based, but flexible
- Why Trusted:
- Best-in-class research reports
- Wealth management & portfolio advisory
- Best For: Long-term investors who value expert advisory
10. Sharekhan
- Type: Full-Service Broker
- Account Opening: ₹750
- Brokerage: Traditional % charges
- Highlights:
- Over 20 years of legacy
- Dedicated relationship managers
- Good for advisory-based investments
- Best For: Investors who want personalized support
Comparison Table – Top Stockbrokers in 2026
| Broker | Type | Brokerage | Account Opening | Best For |
|---|---|---|---|---|
| Zerodha | Discount | ₹20/order | ₹200 | Pro traders |
| Upstox | Discount | ₹20/order | Free | Beginners |
| Angel One | Full-Service | ₹20/order | Free | Advisory + trading |
| ICICI Direct | Full-Service | % based | ₹975 | Trusted banking |
| HDFC Sec | Full-Service | % based | ₹999 | Bank clients |
| Kotak Sec | Full-Service | Zero intraday | Free | Low-cost intraday |
| Groww | Discount | ₹20/order | Free | Mutual fund lovers |
| 5paisa | Discount | ₹10/order | Free | Budget-friendly |
| Motilal Oswal | Full-Service | % based | Free | Wealth building |
| Sharekhan | Full-Service | % based | ₹750 | Personalized advisory |
Conclusion
The Top 10 Stockbrokers in India 2026 serve every type of investor.
- If you want lowest brokerage & best platform → Zerodha, Upstox, 5paisa
- If you need research & advisory → Angel One, Motilal Oswal, Sharekhan
- If you prefer bank-backed trust → ICICI Direct, HDFC Sec, Kotak Sec
- If you’re a beginner → Groww or Upstox
👉 The right stockbroker depends on your trading style, budget, and investment goals.
FAQs on Stockbrokers in India 2026
Q1. Who is the No.1 stockbroker in India 2026?
Zerodha is India’s largest and most trusted broker with 1.2 crore+ clients.
Q2. Which broker is cheapest in India?
5paisa charges only ₹10/order, making it the cheapest.
Q3. Which stockbroker is best for beginners?
Groww and Upstox are easy-to-use and beginner-friendly.
Q4. Which is the safest stockbroker in India?
Bank-backed brokers like ICICI Direct, HDFC Securities, and Kotak Securities are the safest.
Q5. Can I have multiple stockbrokers in India?
Yes, you can open multiple trading accounts with different brokers.
Q6. Which broker has the best trading app in India 2026?
Zerodha Kite and Upstox Pro are among the best apps.
Q7. Which broker gives best research?
Motilal Oswal, Angel One, and Sharekhan provide excellent research reports.
Q8. Is Zerodha good for intraday trading?
Yes, with flat ₹20/order charges and fast execution, Zerodha is ideal for intraday.
Q9. Which broker is best for mutual funds?
Groww and Zerodha Coin are the best for commission-free mutual funds.
Q10. Which broker provides personalized support?
Sharekhan and Motilal Oswal offer relationship managers for clients.
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