Top Stock Brokers in India [2021]

Posted by Rashmi Dey on February 6th, 2021

In the technology era where there are thousands of stockbrokers available in the world, selecting the cheapest yet best stock broker is still a challenging job. And, if you are thinking about India, there are more than 200 plus stockbrokers that are ready to provide stock trading services to its clients.

Therefore before selecting an ideal stockbroker, it is advisable to do a bit of research and understand your trading and investment needs.

For instance, if you trade a high volume of shares without taking advisory services, then you need to open demat accountwith the discount brokers. This is because discount brokers charge a flat brokerage, allow a decent trading platform but no research and advisory tips.

On the flip side, if you are a beginner who needs investing tips along with quality research and other services wealth management and portfolio management, then it is advisable to opt for full-service brokers.

This is because full-service brokers charge slightly more than the discount brokers ranging from 0.3% to 0.55% of the trade volume but allow other services like wealth and portfolio management.

We have analysed and researched the top stock brokers who are ready to give their best stockbroking services to its clients. This article will help you to go through the top 5 stock brokers in India.

1. Swastika Investmart

Swastika Investmart is a renowned stock broker that offers you to trade in all market segments. Also, the stockbroking company is ISO certified and is listed on BSE and NSE, which make it possible for anyone to buy shares of Swastika.

Apart from providing stock trading services, Swastika provides Investment Banking, Insurance and loans. With 1,80,174 clients all over the world, Swastika leaves no stone unturned to satisfy its customers. Swastika is counted as the top stock broker in Indore.

2. Zerodha

Zerodha is a well-known discount broking company of India, which is capable of contributing over 15% of retail trading volumes in India.

Having a client base of over 3 million Zerodha is known best for placing high volume trade with minimum margin requirement.

3. IIFL Securities

Formerly known as India Infoline Securities, IIFL is an ISO certified diversified financial conglomerate based in India. IIFL service is a full-service stock broker with other additional services like:

  •      Portfolio Management
  •      Mutual Funds
  •      IPO
  •      Wealth management
  •      Asset management

4. Angel Broking Full Service

Angel broking is one of the oldest stock broking companies that offer brokerage at low costs. You can invest in IPO, bonds, and even avail loan against shares. Angel broking has a pan India presence with a huge client base.

5. Share Khan Stock Broker

ShareKhan is a full-service stock broker with a heavy client base across India. The broker’s value-added services mainly include mutual fund investment and portfolio management services.


If you ask us which is the best stock broker in India, then we would recommend you to open a trading account with Swastika Investmart. Swastika is a renowned stock broker that offers quality stock trading services along with advanced research reports that too with affordable brokerage rates. For more information, kindly visit at

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Rashmi Dey

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Rashmi Dey
Joined: November 26th, 2020
Articles Posted: 9

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