Top 10 Discount Brokers in India 2024 (Most Popular) (2024)

FAQs

Which is the largest stock broker in India 2024? ›

A real list of top stock brokers in India 2024 by number of active clients in 2024. Groww is the top stock broker among all brokers in India. Groww is followed by Zerodha, Angel One, Upstox, and ICICIdirect.

Zerodha is often hailed as the pioneer of discount broking in India. Known for its transparent pricing structure and innovative tools like Kite, Zerodha has amassed a large customer base over the years. It offers zero brokerage on equity delivery trades and charges a minimal fee for other segments.

Founded in 1971, Charles Schwab introduced the concept of the discount brokerage and has risen to be the largest stock brokerage firm around. It offers a variety of financial products and services, including stock trading, individual retirement accounts, and banking.

Zerodha, Upstox, and ICICI Direct secure top positions in the list of stock brokers in India with the highest active clients, a testament to their popularity and credibility.

Best Demat Accounts In India #1 – Zerodha

It provides the option of 3-in-1 accounts, which means investors can use it to store securities, trade, and as a savings account for funds. Zerodha allows users to trade, invest and pledge securities for margins as well. This includes stocks, ETFs, mutual funds, IPOs, etc.

Upstox is better than Zerodha only in terms of account opening fees and annual maintenance fees. A beginner investor can open a free account with no annual maintenance fees. Zerodha, on the other hand, appeals to active investors and traders with its free equity delivery and lower brokerage charges.

While there are many brokerage houses in the U.S., the largest are Charles Schwab, Fidelity, E*TRADE, and Vanguard.

Which broker millionaires use? ›

Rakesh Radheyshyam Jhunjhunwala (5 July 1960 – 14 August 2022) was an Indian billionaire investor, stock trader, and Chartered Accountant. He began investing in 1985 with a capital of ₹5,000, with his first major profit in 1986.

Is Zerodha reliable? Yes, Zerodha is a reliable stockbroker. It has been in business since 2010 and has over 15 lakh active clients located across India. The company is registered with SEBI, CDSL, and major stock exchanges in India.

Compare Zerodha vs Groww on Service. Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee ...

Radhakishan Damani, Rakesh Jhunjhunwala, Raamdeo Agrawal,Porinju Veliyath and Vijay Kedia are considered among the most successful traders in India. They have been successful in the Indian stock market through a combination of skills, knowledge, and experience.