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Top 3 Stock Brokers In India 2021

If you plan to invest in the stock market, you have to do it through the stockbrokers. Two of the most prominent stock exchanges in India are National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). However, It is not possible for a common man to buy and sell the stocks directly from the exchanges (NSE, BSE).

So the common man requires middlemen to execute and settle the trade. So these middlemen are known as 'Stock Brokers'. Stockbrokers facilitate the buying and selling of stocks at the stock market, on behalf of traders & investors. So there are number of top-class stock brokers in India through which you can trade and invest.

So following are the top 3 stock brokers in India:

1. Kite Zerodha -

Source - Janani Iyer (Technical Analyst )

Zerodha, the first company to introduce the concept of discount brokerage in India, was founded by Nithin Kamath on August 15th, 2010. In their 7 years of operation, they have disrupted the market with low-cost pricing, zero brokerage on equity investment, and their new introductions: technologically advanced platforms- KITE and the direct mutual fund platform- COIN which happened in the first week of April

Zerodha contributes 5% of daily market turnover across various exchanges in India. The main trigger point for this start-up was the point of time when the NSE gave away a free platform to the online brokers. While they got access to NSE, BSE and multi-commodity were still unavailable to them then. The only and the biggest expense they face was technology. Now Zerodha is a number 1 trading platform with active clients of 3,391,059.

Desktop Based Platform: This is the advanced desktop trading software by Zerodha to minimize all the barriers in smooth trading. Its main features are:

  • Advanced charting.

  • Algos, strategies, & backtesting.

  • Expert advisors for strategy alerts.

Web-based trading platform “KITE”: KITE is a Lightweight, low bandwidth, multi-language, Integrated, Easy to use, Informational, and committed web base free trading platform from Zerodha.

Zerodha Mobile: Zerodha manages to provide Apps for android (lollipop version even), Windows mobiles, and iPhone users to facilitate mobile-based trading. You can trade Equities, Futures & Options, Currencies, and Commodities and get real-time quotes on over 30000 scrips and place various kinds of orders using the Zerodha Mobile app.

The most prominent USP for Zerodha is that it charges a flat brokerage of Rs. 20 or 0.01%, whichever is LOWER, on every trade.

Equity delivery is FREE. So, in effect, the user will never pay more than Rs.20 for a particular trade.

2. Upstox -

Upstox is one of the leading discount brokers in India, which is backed by reputed investors such as Kalaari Capital, GVK Davix, and Ratan Tata. It is the 4th largest broker in India with over 9 lakh clients. Now Upstox is a number 2 trading platform with active clients 1,960,861.

Those numbers clearly speak volumes about the safety and reliability of Upstox as a trading platform, and which is why I decided to start investing through Upstox almost two years ago.

In my opinion, the key factor that differentiates Upstox from its peers is its cutting-edge trading platform that provides a seamless experience to traders, whether they are beginners or experts.

Some of the notable features of Upstox include zero Demat account opening fees, zero delivery fee, flat brokerage of Rs 20/trade, and a highly responsive customer support team. If you're considering Upstox, I would encourage you to go ahead and give it a try. You won't be disappointed.

Key Features of Upstox :

  • For option traders option chain with quick OI analysis

  • direct order placement from the option chain

  • single click order placement for scalpers

  • user-friendly platform mobile and web

  • 50–50 margin facility for the delivery segment

and many more.

3. Angel Broking -

Angel Broking Limited was originally incorporated on August 8 1996 as a private limited company with the name 'M. BNL. Securities Private Limited'. Thereafter the Company was converted from a private limited company to a public company. Thereafter the name of the Company was changed to Angel Broking Private Limited on 2 March 2012.

The broking services are offered through (i) Its online and digital platforms and (ii) Its network of more than 11000 sub-brokers. Now Angel Broking is a number 3 trading platform with active clients of 1,454,167. The Company has more than 850000 downloads of its Angel Broking mobile app and more than 450000 downloads of its Angel BEE app which enables its clients to avail the services digitally.

The Company provides a wide range of financial services to their clients including and in relation to Broking and Advisory: The Company provides broking services across equity (cash-delivery intra-day futures and options) commodity and currency segments along with debt products. The Company facilitates the participation of clients in initial public offerings undertaken by various companies.

As a part of the broking and advisory services offered by the company it also facilitates the opening of Demat accounts for their clients.

The Company is a member of BSE NSE MSEI MCX and NCDEX in order to provide broking services.

it also provides the following additional services to its clients:

  • Research Services: The Company has a dedicated research team that publishes research reports on a daily weekly and monthly basis for their clients to enable them to make informed investment decisions across equity commodity and currency segments.

  • Investment Advisory: The Company provides investment advisory services to its retail clients with customized investment recommendations.

  • Investor Education: The Company's website is also a knowledge center that aims to empower investors including its clients with an understanding in respect of trading and investment products.

So these are the top-ranked Stock Brokers In India. I personally use all of them, Zerodha & Angel Broking for trading and Upstox for investing. So I have a good experience with all of these Stock Brokers.

Thank You!


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