Top 2 best broker in India 2021

Finding the best stock broker in India is a tough task because there are more than 200 (full-service & discount) stockbrokers present in India. 

You should first understand your trading and investment needs before you pick the right stockbroker.

For example, if you trade large volumes without the need for research and investment advisory services then you should open an account with discount brokers. Discount brokers charge a flat fee (generally Rs. 20 per order), provide a decent trading platform but no investment advisory. 

On the other hand, if you need investing tips, research-based advisory and other services like wealth and portfolio management then go for full-service brokers. 

Full-service brokers charge brokerage in percentage terms that range from 0.3% to 0.55% of the trade volume and offer a host of research and investment advisory. 

We have researched and analyzed the brokers and prepare a list of 3 best stock brokers in India 2021.

Our Top Pick For Best Stockbrokers in India 2021

#1. Upstox Stock Broker 

Review

Upstox is the fastest growing discount broker in India. Upstox is the best choice for high volume traders looking for high margins (up to 15X), low brokerages, and decent trading platforms.

You only pay brokerage of Rs. 20 to do an intraday, F&O, currencies, and commodities trading irrespective of the trade volume. The stock delivery is free.

Currently, Upstox is giving 30 days Zero brokerage offer on a new account opening. You will get unlimited brokerage free trading for 30 days.

Why Upstox is at number #1

• Free account offer
• Zero brokerage for 30 days (limited time offer)
• Fix brokerage of Rs 20/trade (after 30 days)  
• Zero brokerage on stock deliver 
• Advance trading platforms with charts & tools 

Click here to Open Upstox Account Free

Upstox Brokerage Charges

There are two trading plans – namely the Basic plan and the Priority plan. 

Trading Type	Brokerage Charges for Basic Plan
Equity Delivery	Rs. 0
Equity Intraday	Lower of Rs. 20 per executed order or 0.05%
Futures (Equity, Currency & Commodity)	Lower of Rs. 20 per executed order or 0.05%
Options (Equity, Currency & Commodity)	Rs. 20 per executed order

Upstox Account Opening & AMC Charges 

• Demat & Trading account opening – Rs 0 (get 30 days free brokerage)
• Account maintenance charges – Rs 25/month

Open Upstox Account & get offer

#1. Zerodha Stock Broker

Review

Zerodha is a Bengaluru based stockbroker that brought the concept of the discount broking model to India. Zerodha now contributes over 15% of the total retail trading volumes in India having more than 3 million client base.

Zerodha is best for placing high volume trades with minimal margin requirements. The broker charges a flat Rs. 20 for intraday and F&O trades. 

You can invest in mutual funds, bonds and IPO (through Bhim UPI). Equity delivery and direct mutual fund investment are free.

Why Zerodha is at #1

• Most trusted stockbroker by the traders
• Fix brokerage of Rs 20/trade on intraday 
• Zero brokerage on delivery  
• Good customer support 
• Advanced charts and tools for trading & technical analysis

Click here to Open Zerodha account

Zerodha Brokerage Charges 

Trading Type	Brokerage Charges
Equity Delivery	Rs. 0
Equity Intraday	Lower of Rs. 20 per executed order or 0.03%
Equity Futures	Lower of Rs. 20 per executed order or 0.03%
Equity Options	Rs. 20 per executed order
Currency Futures and Options	Lower of Rs. 20 per executed order or 0.03%
Commodity F&O	Lower of Rs. 20 per executed order or 0.03%

Zerodha Account Opening & AMC Charges 

Particulars	Charges
Trading and Demat account opening charges	Rs. 200
Commodity Account	Rs. 100
Trading account annual maintenance charges	Rs. 0
Demat account annual maintenance charges	Rs. 300

Zerodha Trading Platforms