Largest Stock Brokers in India - Best Stock Broker for 2025

In a country like India, where the stock market is becoming the go-to option for wealth creation, choosing the right broker can make all the difference to traders and investors. Whether you are a seasoned investor or just starting your stock market journey, knowing the stockbroker who stands out best in the country carries weight. 

But what exactly makes a stockbroker the ‘largest’? Is it just about numbers, or is there more to the story? In this article, we dive deep into the 10 largest stock brokers in India and what it means for you as an investor. 

List of the 10 Largest Stock Brokers in India

Here is the list of the 10 biggest stock brokers in India based on the number of active clients they have:

List of 5 Best Stock Brokers in India

We’ve compiled the list of the top stock brokers in India using parameters like ratings, charges, and services.

Overview of the Largest and Best Stock Brokers in India

Now that we know the largest stock brokers in India, let’s explore their product offerings, trading platforms, and key features.

1) Zerodha

Zerodha, meaning ‘Zero Barriers’, is one of the leading and largest stock brokers in India, which was incorporated in the year 2010. At present, it has nearly 79,57,128 active clients.

Products offering:

• Stocks

• Mutual funds

• Futures and Options

• IPO

• Fixed income securities

• Gift stocks

Applications:

• Zerodha Kite for trading

• Zerodha Coin for mutual fund investments

• Zerodha Varsity for educational resources.

Features: 

• Advanced trading tools for charting, F&O analytics, investment research, and backtesting.

• Filtered and curated updates for your portfolio investments.

• Free access to Zerodha’s ecosystem products like Sensibull, Tijori, Streak, Quicko, and more.

• Nudges in the order window to help make better decisions.

• No spam or gamification. 

Charges:

• All equity delivery instruments at Rs 0 brokerage.

• All direct mutual fund investments are at Rs 0 commission.

• Intraday trades across equity, currency, and commodity trades are charged at flat Rs 20 or 0.03%, whichever is lower. 

• Option trades are charged at a flat Rs 20 per order.

2) Rupeezy

Rupeezy, earlier known as Astha Credit and Securities Pvt Ltd, is one of the leading and best stock brokers in India, which was established in the year 2005. With over 20 years of customer trust, Rupeezy currently has more than 1.5 lakh active users. 

Products offering:

• Stocks

• ETFs

• Mutual funds

• IPO

• Futures and Options

• Commodities

• Margin Trading Facility

Features:

• Integrated feature for Stock SIP and MTF SIP.

• ‘Basket Order’ feature, which creates multiple orders in a basket to be executed all at once. 

• ‘Advanced Option Strategy Builder’, which provides strategies based on your market prediction

• ‘F&O Scanner’ will help you trade without spending too much time scanning the market. 

• ‘Smart explore’ for mutual funds to visualize the risk-return matrix.

• ‘MF Lab’ to compare and back-test portfolios.

• ‘Impact analysis’ to assess the impact of new funds on your portfolio.

• ‘Portfolio overlap’ to identify overlapping stocks in mutual fund holdings.

• ‘Peer comparison’ to compare mutual fund schemes within the same category.

• ‘Return calculator’ to calculate CAGR for SIP and lump-sum investments in mutual funds.

• ‘Automate SIP’ to set up and automate SIPs with flexible frequencies.

Charges:

• Account opening fee is charged at Rs 0.

• Zero AMC (Account Maintenance Charges) for lifetime (demat and trading account).

• Equity delivery at Rs 0 brokerage.

• F&O brokerage to be charged at Rs 20 per order.

• Margin Trading Facility interest to be charged at 0.03% per day or 10.99% per annum. 

3) Angel One

Angel One started its journey in 1996 as a traditional brokerage firm that was always driven by a deep sense of empathy towards its customers. Now, with 25+ years of trust from its customers, the company has 76,49,188 active clients.

Products offering:

• Equity

• Commodities

• Derivatives

• Currency trading

• Mutual funds

• ETFs

• IPO

• Futures and Options

• US Stocks

• US ETFs

• Bonds

Features:

• Portfolio and investment advisory to make informed decisions.

• 24*7 order placement benefit.

• Swifter charts that are powered by advanced indicators, multi-chart layouts, direct trading from charts, etc.

• Fast order payments to trade with speed and precision.

• Basket orders are for placing multiple orders in one transaction.

• Portfolio Health Score to diagnose the health of your portfolio and construct an ideal portfolio.

Charges:

• Account Maintenance Charges are Rs 0 for the first year.

• Equity delivery, intraday, F&O, currencies, and commodities brokerage will be Rs 0 up to Rs 500 for the first 30 days, after which normal brokerage will be applicable. Thereafter, the brokerages will be Rs. 20 or 0.1% (minimum Rs. 2) per executed order for Stock Investments, Rs. 20 or 0.03% for Intraday Trading, and Rs. 20 per executed order for Futures & Options.

4) Upstox

Upstox, formerly known as RKSV, began its trading business in India in the year 2012. It was the first retail trading platform to launch unlimited trading plans. It is also the first company in the industry to launch a completely paperless account opening process. Currently, the total active users are nearly 27,89,896.

Products offering:

• Stocks

• Mutual funds

• IPOs

• Futures and Options

• Commodities

• Currencies

Features:

• ‘Advanced option chain’ analysis tool with customisable data points like PCR, Max Pain, India VIX, etc.

• ‘Curated Smartlists’ like Most active, Top traded, Losers, etc.

• ‘TradingView’ and ‘ChartIQ’ charts with 100+ indicators and 80+ drawing tools.

• In-depth OI analysis tools.

• ‘20-leg basket orders’ can be placed with one click.

• ‘GTT’ and ‘Trailing Stop Loss’ to automate and manage trading risks.

• Ready-made Options strategies for a safer way of trading in Options. 

• Margin pledge to get up to 90% collateral margin.

• 4x leverage for equity delivery orders in MTF.

• 5x leverage for Equity Intraday.

Charges:

• Account Maintenance Charges are Rs 0 for the first year. 

• Mutual fund and IPO brokerage are charged at Rs 0.

• The maximum brokerage per order is Rs 20.

5) ICICI Direct

ICICI Direct was launched by ICICI Securities in the year 2000. It acts as a virtual financial supermarket and provides services for broking, distribution of financial products, wealth management, and investment banking. Currently, the number of active clients of ICICI Direct is 19,38,192.

Products offering:

• Stocks

• IPOs

• Mutual funds

• Commodities

• Futures and Options

Features:

• ‘3-in-1 Account’ integrates savings, demat, and trading accounts under one seamless account. 

• Create and manage multiple watchlists.

• Receive investment recommendations based on expert analysis.

• Instant credit to your account within 5 minutes of selling shares.

• Availability of advanced charting tools like TradingView and ChartIQ.

• Get upcoming IPO updates via WhatsApp.

Charges:

• The delivery charges range from 0.07% to 0.25%.

• MTF interest rates per annum range from 9.69% to 17.99%.

• Intraday and Futures charges range from 0.007% to 0.025%.

6) Kotak Securities

Kotak Securities Limited is one of India’s oldest stockbroker companies that is backed by Kotak Bank and was started in the year 1994. Their wide range of services include research, advisory, wealth management, portfolio management, and a lot more. With almost 30+ years in existence, Kotak Securities currently has 14,91,998 active clients. 

Applications:

• Kotak Connect helps investors and other participants to know about the Kotak Institutional Equities conference and other events as well. 

• Kotak Neo is an online trading and investing application.

Products offering:

• Stocks

• Mutual funds

• Commodities

• Futures and Options

• Margin Trading Facility

• IPOs

• ETFs

• Bonds

Features:

• Price alerts and portfolio analysis.

• TradingView charts on the Kotak Neo application to make smart trading options.

• ‘Basket Order’ to buy and sell multiple options contracts.

• ‘Payoff Analyzer’ to build and analyse your option trading strategies.

• Option chain with Greeks, PCR, and IVP.

• ‘InstaTrade’ for easy selection of Option trading.

• ‘Kill switch’ for overtrading.

• ‘Bracket order’ for risk management and profit protection.

• ‘Order slicing’ to place a large number of F&O orders beyond the exchange limit quantity.

• No holding period for MTF.

Charges:

• Rs 0 brokerage on stock investing

• Rs 10 per order on all intraday trades and F&O orders

• 9.75% interest p.a. is charged for MTFs  

7) HDFC Securities

HDFC Securities was started in the year 2000 and is backed by the HDFC Bank. It provides various services like research and advisory, which makes it easier for beginners as well as active traders. Currently, the active number of clients of HDFC Securities is 14,88,982. 

Products offering:

• Equity

• Derivatives

• Mutual funds

• Fixed income securities

• Bonds

Features:

• ‘Star portfolio’ to track and manage your investment portfolio

• ‘Zapp orders’ for quick and efficient trading order placement.

• Comprehensive ‘get quote’ for quick decision making.

• Real-time Option chain.

• Applying for the latest IPOs with just two clicks using UPI.

• Create multiple watchlists and place buy/sell orders.

Charges:

• The minimum brokerage per order for equities is Rs 25. 

• Delivery-based trades brokerage is charged at 0.50% or a minimum of Rs 25 or a ceiling of 2.5% on transaction value.

• 0.05% or Rs. 25 per order for buy & sell in the futures market

• Option market brokerage is charged at a higher of 1% of the premium amount or Rs 100 per lot. 

8) Motilal Oswal

Motilal Oswal Financial Services was incorporated in the year 1987 and is part of the Motilal Oswal group, and has over 2,500 branches all over India. Currently, 10,19,877 is the number of active clients on this platform.

Applications:

• MO RIISE for investing in various assets.

• MO Trader is specifically designed for traders with various features.

• MO AMC for mutual fund investments, PMS, and AIFs

• MO Research 360 for market research, analysis, and advisory services

Products offering:

• Stocks

• Futures and Options

• Mutual funds

• Commodities

• IPOs

• Bonds

• Fixed deposits

• Insurance

• US Stocks

Features:

• Invest in the US share market with as little as $1. 

• Intelligent advisory backed by experts for the best portfolio diversification. 

• Instant alerts and insights on upcoming IPOs.

• Advanced trading tools, real-time analytics, and personalised insights. 

• ‘Heatmap Watchlist View’ to gain a competitive edge. 

• ‘Power Cart’ feature enables you to add desired scrips with various product types, place multiple orders, and trade stocks with a single click.

• Seamless searching like find stocks, segment-wise, top products, recent searches, and much more.

• ‘Total profit and loss’ updates to track your positions at all times. 

• ‘View breakdown’ to see the breakdown of quantity, price, holding period, date of purchase, profit & loss since purchase, and more.

Charges:

• The AMC and admin charges are charged at Rs 0 for the first year.

• 0.20% for equity delivery

• 0.02% for equity intraday and futures

• Rs 20 per lot for equity and currency options.

9) SBI Securities

SBI Securities Ltd is managed under the State Bank Group and was established in the year 2006. The current active clients of SBI Securities are 9,82,704 users. 

Products offering:

• Equity

• Derivatives

• Bonds

• IPOs

• MTF

• ETFs

• Mutual funds

Features:

• 4x buying power with e-margin.

• ‘Instacharts’ to help you switch between charts and option chains to place F&O orders instantly.

• Option chain with Greeks and trade using One-View Option chain.

• Mutual Fund SIP or One-time investments

• Expert insights, research recommendations on stock market trading & trends

Charges:

•  3-in-1 Account opening is done at Rs 0.

• The delivery charges range from 0.20% to 0.50%.

• Intraday is charged at Rs 20 per order.

• The e-margin charges range from 0.40% to 0.50%. 

• Futures are charged at either 0.05% or Rs 20 per order, according to your plan.

• Options charges range from Rs 20 per lot to Rs 50 per lot. 

• ETFs are either free of charges or 0.50% or 0.35%, as per your plan.

10) Dhan

Dhan was incorporated in the year 2021 in Mumbai. It is a technology-led platform that is designed for super traders and long-term investors who prefer innovation over the years. The number of active clients of Dhan is 9,67,410. 

Applications:

• ‘Dhan Share Market Trading App’ is a share market application built for super traders and long-term investors.

• ‘Options trader by Dhan’ is an Option trading application.

Products offering:

• Stocks

• Mutual funds

• Commodities

• Futures and Options

• ETFs

• Mutual funds

• IPOs

• Margin Trading Facility

Features:

• ‘Dhan Web’ trading platform for Big Screens.

• ‘Dhan+ TradingView’ for advanced chart features. 

• ‘ScanX Stock Screener’ for stock insights and market research.

• Market orders can be availed for investing after 3:30 pm.

• Payoff graphs, Greeks, and Live Volumes for F&O informed decisions. 

• Trailing Stop Loss, Iceberg, and Forever (GTT) for advanced order types. 

Charges:

• Brokerage on investing is Rs 0.

• Mutual fund investments charges at Rs 0.

• Brokerage on ETF investments is Rs 0.

• Intraday trading is Rs 20..

• Rs 20 or 0.03% (whichever is lower) on futures trades.

• Flat Rs 20 fee on options across all segments.

11) INDmoney

INDmoney was founded in the year 2019 and acts as a one-stop destination for personal finance application where Indians can track their finances across their family members, plan their goals and also get investment solutions. Currently, INDmoney has an active client base of 8,28,966 users.

Applications:

• ‘INDmoney- Stocks, Mutual Fund’ is a broader financial platform offering various investment and finance benefits. 

• ‘INDstocks: FnO and Trading App’ is a platform that offers investment in stocks, F&O, IPOs, Intraday & ETFs.

Products offering:

• Indian stocks

• US stocks

• Mutual funds

• Futures and Options

• IPOs

• NPS

Features:

• Avail SIP in the US stocks.

• Advanced charts and simulators

• Access to PCR, OI, IV with Options chain view. 

• F&O trading with automated chart patterns. 

• Invest in US stocks from as low as Rs 100 with zero platform and withdrawal fees.

• View returns in a daily, weekly & monthly calendar view

Charges:

• AMC charges are at Rs 0.

• 0.05% or Rs 20 per order (whichever is lower) for equity brokerage.

• Rs 20 per order for F&O brokerage.

• Rs 20 for pledge and unpledge, along with GST per ISIN per request. 

• 0.25% brokerage charges per transaction on US stocks.

• Mutual fund trading charges Rs 0 commission. 

Comparison of the Largest Stock Broker in India

Here is the comparison table of the biggest stock brokers in India, based on the number of active clients, app downloads, and ratings: 

Is the Largest Broker Always the Best Broker in India?

Being the largest stockbroker would typically mean that they have the highest number of active clients or the biggest market share. This reflects the popularity and scale, but size alone does not always guarantee quality or the best fit for every investor or trader. 

On the other hand, the best stockbroker is not just defined by size or popularity, but the right balance of features, reliability, and user experience, which will be tailored to different types of investors and traders. 

Henceforth, the best stockbroker is the one that fits your investing goals and budget and has user-friendly features. So, having a clear perspective of the difference between the largest and the best stockbroker is important before starting your investment and trading journey, and Rupeezy, being the best stockbroker in India, can offer you all these under one roof!

How to Open a Trading Account?

You can open a demat account in just a few minutes by completing the steps below:

Step 1: Download the Rupeezy Trading App from the Play Store or the App Store. If not, you can make use of the Rupeezy website. 

Step 2: Add your necessary details such as DOB, Email, PAN, etc. 

Step 3: Upload your KYC documents such as PAN Copy, Aadhar details, etc.

Step 4: Add your bank details such as bank name, account number, IFSC, etc.

Step 5: Upload your photograph by clicking on your phone or website.

Step 6: Complete the verification process by entering the OTP received.

Step 7: Once your KYC has been approved, your demat account is activated. 

Conclusion

In a rapidly growing investment ecosystem like India, the largest stock broker stands as a symbol of trust, scale, and accessibility. While sheer size speaks volumes about reach and popularity, it does not automatically mean it is the right fit for every investor. 

Therefore, the key here is to understand your own financial goals, preferences, and trading styles, and then choose a broker that aligns with them. After all, in the world of investing, it is not just about who leads the market, but it is about who leads you to your financial goals!