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Angel One

Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

Groww

Groww, incorporated in 2016 by four Ex-employees of Flipkart Lalit Keshre, Neeraj Singh, Harsh Jain and Ishan Bansal,  is the second largest discount broker in India after Zerodha. Groww is operated under Nextbillion Technology Private Limited which is a SEBI-registered broker. In 2017, Groww started its operation with direct mutual fund distribution platforms and within a year it became one of the most popular platforms for mutual fund investment. Due to growing demand, in 2020, Groww added the facility to invest in stocks followed by digital gold, ETFs, Intraday, and IPO in the same year. Later, they also added the facility to invest in US stocks and fixed deposits as per customer requirements. Groww has developed a trading platform named Groww (web and mobile app). The brokerage charge of Groww is Rs. 20 or 0.05% (whichever is lower) per trade execution irrespective of the transaction amount. For investment or redemption of mutual funds, charges are zero with Groww.

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Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

Upstox

Incorporated in 2009 by Ravi Kumar, Kavitha Subramanian and Shrini Viswanath, Upstox is the third largest brokerage firm in India in terms of active clients base. Upstox is backed by Ratan Tata and Tiger global with shareholding of 1.33% and 31.1% respectively. It is operated under RKSV securities which is a SEBI registered financial service provider. It is a low broker whose brokerage charges are comparatively less compared to other discount brokers. Upstox is a discount broking firm which offers trading services across equity, commodities, futures and options, IPOs and mutual funds. For equity delivery, Upstox charges Rs. 20 or 2.5% (whichever is lower). For options, the company charges a flat Rs. 20. For Intraday trading, commodities, currency and futures the charge is a lower of Rs. 20 or 0.05%.  The account opening charge with Upstox is zero and maintenance charge is Rs. 249. It provides web, mobile and desktop trading platforms. 

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Leverage/Margins  

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Angel One

Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

ICICIDirect 

Established in 1995, ICICIDirect is one of largest full-service stock brokers in India. It is part of the ICICI group. It has a total customer base of over 50 lakhs. It offers a wide range of financial services which includes investment in stocks, trading in stocks, futures and options, currency, commodities, NCDs, bonds, mutual fund and IPO. ICICIDirect offers two types of accounts to its customers which are 3 in 1 and 2 in 1 accounts. Under 3 in 1, the broker offers bank account, demat account and trading account while under 2 in 1, it offers demat and trading accounts. It has four different brokerage plans to offer to its customers which are 'ICICI Neo Plan', 'ICICIDirect Prime Plan', 'I Secure Plan' and ' Prepaid Plan'. It charges 0.018% for equity delivery, equity intraday and equity futures and Rs. 25 for equity options and Rs. 20 for all rest segments. Account opening charge with ICICIdirect is zero while annual maintenance charge is Rs. 700.

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Leverage/Margins  

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Angel One

Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

5Paisa

Established in 2016, 5paisa Capital Limited is India's one of the fastest growing discount broking firms with more than 1.4 million active clients as of December, 2022. Prakarsh Gagdani and Nirmal Jain founded the Company with the aim of providing easy access to investment and  trading in the stock market. 5paisa Capital Limited is also listed at NSE and BSE stock exchanges. It provides the facility to invest in equity, intraday trading, commodities, currency, futures and options, IPO and mutual funds (both regular and direct). The brokerage charges of 5paisa is flat Rs. 10 irrespective of trade volume and segment. 5paisa has three plans for brokerage charges- 'Basic Pack', 'Power Pack' and 'Ultra Trader Pack'. These plans provide flat charges. The account opening charge with 5paisa is zero while it charges Rs. 300 for annual maintenance charge. The services of 5paisa can be accessed with mobile application or web.

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options 

Angel One

Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

HDFC Securities 

Started in 2000 as a joint venture of HDFC Bank and Indocean eSecurities Holdings Limited, HDFC securities is one of the largest full-service SEBI-registered stock brokers in India. It is a subsidiary of HDFC Bank Ltd. In addition to stock broking services, HDFC Securities provides many other financial products. The Company provides the facility to trade and invest in stocks, mutual funds, buybacks, bonds, IPO, commodities, currency, futures and options. So far the Company provides its services to 1.2 million active clients. For stock delivery, the Company charges 0.10% per trade and Rs. 20 per transaction for derivative trading. It offers customers 3-in-1 accounts, including a Savings Account, a Demat Account and a Trading Account. For account opening and account maintenance, HDFC Securities charges are zero. It has developed multiple trading platforms to make investment easy and hassle-free. 

Details 

Broker Ratings

Product Offerings

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Leverage/Margins  

Additional Features 

Other Investment Options 

Angel One

Incorporated in 1987, Angel One is the largest full-service stock brokerage firm, offering a wide range of services, including investing and trading. Angel One stands in 4th position in the list of the largest number of active clients. Angel one is currently serving 42 lakhs active clients. It provides the facility to invest in equity, commodity, currency, and regular mutual funds, including advisory, margin funding and loans against shares. To Compete with discount brokers, the Company launched its own discount broking platform. Under a plan “Angel iTrade Prime”, the Company now offers a brokerage charge of Rs. 20 per trade which is fixed across all segments except equity delivery with zero brokerage charge. Account opening charge with Angel one is zero while they charge Rs. 240 for annual maintenance charge. The Company has so far 142 offices across 14 states and 35 cities in India.

Kotak Securities 

Incorporated in 1994, Kotak Securities is India's largest full-service stockbroker. It is the subsidiary of Kotak Mahindra Bank Ltd. It is one of the oldest stock brokers in India. It services approximately 12+ lakhs active clients. It provides the facility to invest and trade in stocks, commodities,  currency, mutual funds, IPO, futures and options. The company provides 4 types of accounts to its clients. 3-in-1 Account (combination of savings, demat, and trading accounts),  2-in-1 Account (combination of trading and demat account), Private Client Group ( for high net worth individuals) and NRI account. The brokerage charges vary as per the account type. Account opening with Kotak Securities is zero while they charge Rs. 600 for annual maintenance charge. It also offers portfolio management services. Kotak Securities has 153 branches across 361 cities in India. The services of Kotak Securities can be accessed through a laptop or mobile. 

Details 

Broker Ratings

Product Offerings

Brokerage Charges 

Leverage/Margins  

Additional Features 

Other Investment Options