Trading isn’t just about earning profits. It is a mental game that requires a lot of patience and a smart strategy. To support this, choosing the right broker is essential. You must select an online trading platform that can significantly influence your trading experience.
Discover the Top 8 Share Brokers in India for 2026
Here’s a look at the top 8 share brokers in India, each offering unique features and pricing structures.
Explore the list of the top 8 best brokers in India for 2026!
- Groww
- Zerodha
- Shoonya by Finvasia
- HDFC Securities
- Upstox
- ICICI Direct
- Angel One
- Motilal Oswal
Groww
Groww, a SEBI-registered share broker and a member of NSE and BSE, tops our list of top 8 brokers in India. It offers a range of investment options, including stocks, FDs, digital gold, US stocks, etc. Trade with the best online broker in India.
Brokerage Charges:
- Equity Delivery: Rs 20 per trade (or 0.05%, whichever is lower).
- Equity Intraday: Rs 20 per trade (or 0.05%, whichever is lower).
- Equity F&O: Rs 20 per trade.
Pros:
- Simple, flat-fee structure of Rs 20 per trade.
- Free mutual fund investments.
- Educational resources like blogs and eBooks.
Cons:
- Limited investment options (no commodities or currencies).
- No margin trading or advanced order types like BO, CO, or GTT.
Zerodha
Zerodha currently stands 2nd on our list of top 8 share brokers in India. It offers equities, currencies, commodities and mutual funds.
Brokerage Charges:
- Equity Delivery: Free
- Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower).
- Equity F&O: Flat Rs 20 or 0.03% (whichever is lower).
- Mutual Funds: Free.
Pros:
- No brokerage for equity delivery and mutual funds.
- Advanced trading tools and platforms.
- Low maximum brokerage of Rs 20
- No margin funding or proprietary trading.
Cons:
- No stock tips, research reports, or recommendations.
- No monthly unlimited trading plans.
- Additional charges for non-squared-off positions and call & trade.
- No 3-in-1 trading account.
Shoonya by Finvasia
Shoonya by Finvasia offers the zero-commission model for all the trading segments. Leading with 3rd position among top 8 share brokers in India, it also offers a free demat account. You enjoy zero hidden charges.
Brokerage Charges:
Zero brokerage trading across all segments- equities, futures, options, currencies, commodities, mutual funds, ETFs, bonds, and IPOs.
Pros:
- Zero brokerage on all trades.
- Free demat account with zro AMC.
- User-friendly platform suitable for all traders.
- Advanced tools like TradingView charts and AI-powered predictions.
Cons:
- No margin funding.
- Limited physical branch support.
HDFC Securities
HDFC Securities has been a significant name among the best share brokers in India. It offers a acces to multiple trading services with an integrated 3-in-1 account.
Brokerage Charges:
- Equity Delivery:50% or min Rs 25 (Residents), 0.75% or min Rs 100 (NRIs).
- Derivatives (Futures):05% or min Rs 25 (non-square off); 0.025% or min Rs 25 (square-off).
- Derivatives (Options): Higher of 1% of premium or Rs 100 per lot.
Pros:
- Integrated 3-in-1 account with HDFC Bank.
- Low brokerage rates for equity delivery and derivatives.
Cons:
- Higher brokerage charges compared to discount brokers.
- No commodity trading.
- Minimum brokerage charges and additional costs for low-value trades.
Upstox
One of the leading platforms among the best brokers in India is Upstox. It offers a flat ₹20 per trade fee.
Brokerage Charges:
- Equity Delivery: Rs 20 per executed order or 2.5% (whichever is lower).
- Equity Intraday: Rs 20 per executed order or 0.05% (whichever is lower).
- Equity F&O: Rs 20 per executed order or 0.05% (whichever is lower).
Pros:
- Flat Rs 20 brokerage for all trading segments.
- No commission on mutual funds.
- Advanced trading platforms like Upstox Pro Web.
Cons:
- Higher brokerage for equity delivery compared to some discount brokers.
- Additional charges for non-squared-off positions and call & trade.
- Limited research and advisory services.
ICICI Direct
ICICI Direct is a full-service broker in India. It offers integrated banking and trading solutions.
Brokerage Charges:
- Equity Delivery:55% or min Rs 25 per trade.
- Equity Intraday:05% or min Rs 25 per trade.
- Equity F&O:05% or min Rs 25 per trade.
Pros:
- Integrated 3-in-1 account with ICICI Bank.
- Wide range of investment products.
- Multiple trading platforms.
Cons:
- Higher brokerage fees compared to discount brokers.
- Higher account maintenance charges.
- Complex fee structure.
Angel One
You can invest in equities, commodities, and mutual funds with Angel One online share broker in India.
Brokerage Charges:
- Equity Delivery: Rs 20 per trade.
- Equity Intraday: Rs 20 per trade.
- Equity F&O: Rs 20 per trade.
Pros:
- Low brokerage fees across all segments.
- Robust trading platforms and research tools.
- Comprehensive customer support.
Cons:
- Higher brokerage fees compared to some discount brokers.
- Limited advanced trading features.
Motilal Oswal
Motilal Oswal is a prominent full-service broker . It is known for its research and advisory services. You can invest in equities, commodities, and mutual funds with this share broker.
Brokerage Charges:
- Equity Delivery:50% or min Rs 25 per trade.
- Equity Intraday:05% or min Rs 25 per trade.
- Equity F&O:05% or min Rs 25 per trade.
Pros:
- Extensive research services.
- Wide range of investment options.
- Comprehensive trading platforms.
Cons:
- Higher account maintenance charges: The first year is free, but from the second year onward, it’s ₹20 per month plus taxes.
Conclusion
The choice completely depends on your trading style, the type of investments you’re interested in, and the costs you’re willing to incur. Each of these brokers offers distinct advantages.
So, consider your priorities and trading needs when making a decision.
