Top 10 Broking Firms in India – Comprehensive Overview (2025)
India’s stock market has witnessed a surge in participation, driven by technology and affordable brokerage services. Here’s a detailed look at the top 10 stock brokers in India for 2025.
| Rank |
Broker
Name |
Estimated
Active Clients (Approx.) |
Brokerage Charge |
| 1 | Upstox |
1
crore+ |
Visit Upstox |
| 2 | Fyres |
2 lakh+ |
Visit Fyres |
| 3 | Samco |
3
lakh+ |
Visit Samco |
| 4 | Alice
Blue |
1.5
lakh+ |
Visit AliceBlue |
| 5 | Zerodha |
1.35
crore+ |
Visit Zerodha |
| 6 | Groww |
1.30
crore+ |
Visit Groww |
| 7 | Angel
One |
1.15
crore+ |
Visit Angel
One |
| 8 | HDFC
Securities |
48
lakh+ |
Visit HDFC
Securities |
| 9 | Kotak
Securities |
32
lakh+ |
Visit Kotak
Securities |
| 10 | Motilal
Oswal |
22
lakh+ |
Visit Motilal
Oswal |
Top 10 Broking Firms in India
1. Upstox Securities Private Limited
Upstox is a tech-driven platform offering advanced charting tools and competitive brokerage rates.
- Established: 2009
- Client Base: 1 crore+ active clients
- USP: Low brokerage, easy account opening, and robust analytics tools.
2. Fyers Securities
Fyers is a Bangalore-based discount brokerage platform known for its seamless trading experience and advanced charting tools. It offers zero brokerage on equity delivery and a flat ₹20 per order for intraday and F&O trades.
- Established: 2015
- Client Base: 2 lakh+ active clients
- USP: Powerful charting tools, thematic investment options, and a trader-friendly platform.
3. Samco Securities
Samco is a Mumbai-based discount broker offering low-cost trading with innovative features like Margin Trading Facility (MTF) and StockBasket. It charges a flat ₹20 per order for equity, commodity, and currency trades.
- Established: 2015
- Client Base: 3 lakh+ active clients
- USP: High leverage options, StockBasket for long-term investments, and expert advisory services.
4. Alice Blue
Alice Blue is a popular discount brokerage firm offering competitive pricing and advanced trading platforms. It provides zero brokerage on equity delivery and charges a flat ₹15 per order for intraday and derivatives trading.
- Established: 2006
- Client Base: 1.5 lakh+ active clients
- USP: Low-cost trading, ANT (Alice Blue Trading) platform, and high-margin offerings.
5. Zerodha Broking Limited
Zerodha revolutionized the brokerage industry by introducing a discount brokerage model. It offers zero brokerage on delivery trades and a flat ₹20 fee for intraday and F&O trades.
- Established: 2010
- Client Base: 1.35 crore+ active clients
- USP: Cost-effective platform, user-friendly interface, and detailed market analysis.
6. Groww Invest Tech Private Limited
Groww’s rapid rise in popularity is due to its intuitive app, which offers direct mutual fund investments along with stock trading.
- Established: 2016
- Client Base: 1.30 crore+ active clients
- USP: Easy-to-use interface and free mutual fund investing.
7. Angel One Limited
Angel One provides comprehensive research reports and a robust trading platform with advanced tools.
- Established: 1996
- Client Base: 1.15 crore+ active clients
- USP: Extensive research insights and advisory services.
8. HDFC Securities Limited
HDFC Securities offers a wide variety of trading and investment products with seamless integration for HDFC Bank account holders.
- Established: 2006
- Client Base: 48 lakh+ active clients
- USP: One-stop solution for banking and investing needs.
9. Kotak Securities Limited
Kotak Securities is known for its robust platform, excellent research services, and advanced trading tools.
- Established: 1994
- Client Base: 32 lakh+ active clients
- USP: Advanced research reports and personalized advisory.
10. Motilal Oswal Financial Services Limited
Motilal Oswal offers premium brokerage services with top-notch research reports and wealth management services.
- Established: 1987
- Client Base: 22 lakh+ active clients
- USP: High-quality research and advisory services.
Factors to Consider When Choosing a Stock Broker
- Brokerage charges: Compare charges for delivery, intraday and F&O trades.
- Platform usability: Make sure the platform is easy to use and convenient.
- Customer support: Choose a platform with high levels of customer support.
FAQs About Top Broking Firms in India
1. Which is the biggest broking firm in India?
Zerodha is the biggest broking firm in India, with over 1.35 crore active clients.
2. Which is the best stock broking company in India?
Fyres, Samco, Alice Blue, and Upstox are considered the best due to their cost-effective services and easy-to-use platforms.
3. Which broker is best for beginners?
Fyres and Samco are ideal for beginners due to their simple interfaces and low brokerage fees.
4. Which stockbroker has the lowest brokerage charges?
Fyres offer the lowest brokerage with ₹20 per order for intraday and F&O trades.
5. What is the best platform for long-term investors?
Upstox and Samco Securities provide extensive research and advisory services, making them ideal for long-term investors.