Choosing a share broker is one of the most important decisions you will make in your quest for financial independence, trading stock and opening trading accounts for investment. At Compare Online Broker our aim is to give our customers informed reviews, comparisons and incentives for open trading accounts. Our website provides authentic reviews of brokerages to make your decision to use a particular indian share broker transparent. In addition, we provide financial advice and incentives for our clients to better your chance for optimum financial success.

Each broker has unique traits to facilitate the movement of stock and trading. Our goal is to exploit those unique features and others to give you a better look inside brokerages, review market trading account information and make the best decisions for your finances. So don't wait and find the best share broker in India by comparing the various share brokers in India. We will also update our website with articles that will help you understand share market in India and how you can do online share trading in India.


Zerodha - Featured Indian Discount Broker . Here's why

  • PI - Next generating trading platform
  • Rs 20 or .01% / .1% whichever is lower per executed order
  • Same pricing for Equity, F&O, Currency, and Commodity across all exchanges
  • No upfront fee or turnover commitment
  • Over 50,000 happy customers, averaging a daily turnover of over Rs. 5000 crores
  • 170+ dedicated support team to ensure the fastest turnaround time for your queries via email or phone
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Types of brokers

You will want to understand the differences in brokers as well as the type of investor you are before choosing a specific broker. Two types of brokers include discount brokers and full service brokers.

Discount brokers will charge a lower fee than a full service broker while providing minimum trading facility at a lower cost. This will generally allow for an investor trust the broker to make fast, real time decisions. Full service brokers provide multiple services apart from buying and selling shared. Many are bank subsidiaries providing a client with a savings account, demat account and online trading facility. Above all else, a full service broker will provide well established personal advice regarding market trends.

Choosing the right stock broker

While choosing an Indian stock broker, you can think over the following points.
  • What kind of investor are you?

Before choosing an Indian stock broker you will need to ask yourself this question. If you consider yourself a day trader you will need to invest within a small time duration that can be as short as a few minutes and as long as a few hours. As a day trader you will want to seek out a broker who will offer a flat fee on transactions or offer lower fees. This is closely affiliated with discount brokers. Some well-established India based brokers who will offer you real-time, valuable market research platforms for a lower fee include Zerodha and RKSV Security.

The second type of investor will buy and hold stock for longer periods of time. In this case of an investor there is a strong need to obtain extremely accurate data in a short time period in order to make the best investment decision possible. You will need a broker with a solid execution strategy and one who understands long-term market values, trends and trading patterns. India based full service brokers include IDBI Palsa builder, Motilal Oswal Review, Indiabulls and Geojit BNP Paribas.

  • Reputation of a stock broker

Save yourself money by researching reputations of stock brokers. You can browse through SEBI and stock investment websites in order to find the right broker. Through reputation research you will be able to see any issues complaints that exist against a broker or browse their personal experience working with investors in the market. Choose a broker who is highly experienced and has an up to date knowledge of the inner workings and trends of the market.

  • Cost Efficiency

There are different kind of fees associated with working with a broker. There are account opening fee, transaction fee, maintenance fee etc. Look for low transaction fees if you trade more often, and low maintenance fee if you hold stock for longer duration.

  • Platform and market research facilities

Brokerages are increasing capacity to utilize advanced technology through software development and market research tools. Operating an account with a broker who has knowledge of these kinds of software and market research tools will provide incentives for you to make informed and timely decisions in choosing stocks.

  • Range of facilities offered

Whether you are looking to invest in IPO or Market Funds choose an investor who allows you to do so. Working together as a team is crucial in choosing a broker to make decisions with your finances.

Check out the list of top share brokers in India below and find the best stock broker in India


Major Indian Discount Brokers

Find the list of top discount brokers in India below and choose the best discount broker in India. Most of these are online discount brokers in India and thus provide trading facilities over the internet.
ZerodhaRs 200Rs 20 or 0.01% whichever is lower.Open Account Now
RKSV SecurityZero for ISB readersFive trade free every month. Rs 20 per trade after that.Open Account Now
SAS OnlineRs 400Rs 9 per trade or 0.07% per trade.Open Account Now
TradeJiniRs 300Rs 20 per trade.Open Account Now
Trade Smart OnlineRs 400Pay maximum of Rs 15 per order. Open Account Now
TradePlus OnlineRs 499 but it is redeamableUnlimited commodity brokerage for Rs 99.Open Account Now
Ventura SecuritiesRs 3500 but it is refundableRs 50 to Rs 18 per option Intraday from 1 paise to 3 paise.Open Account Now

Major Indian Full Service Brokers

BrokerNameOpeningYearly MaintainenceBrokerageIntraday
BrokerNameOpeningYearly MaintainenceBrokerageIntraday
Angel BrokingRs 350Rs 300.50%.06%
AXIS Direct BrokerageRs 999400.5%.05%
BonanzaRs 600Rs 275.50%.05%
CanmoneyRs 200Rs 200.35%.01%
Geojit BNP ParibasRs 800Rs 400.30%.03%
HDFC SecurityRs 999Rs. 550Higher of 25 or .5%Higher of 25 or .05%
ICICI DirectRs 975Rs. 500(mail statement) Rs 450 (email).55%.05%
IDBI Paisa BuilderRs 700Rs 350.50%.08%
IndiabullsRs 1350Rs 450.30%.05%
IIFLRs 750Rs 450.50%.05%
Kotak SecuritiesRs 750Rs 50.59%.06%
Reliance MoneyRs 950Rs 210.30%.035%
Motilal OswalRs 550Rs 900.5 - .9%Buy - Nil Sell - .25% to .4%
ReligareRs 499Rs 300 (email) Rs 480 (paper statement).3%.06%
SBIRs 500Rs 386.75%.05%
SharekhanRs 750Rs 441.5%.1%
SMC IndiaRs 499Nil.30%.03%
VenturaRs 1000Rs 400.45%.05%