Best Stock Broker in India | LenDenClub (2024)

Team LenDenClub

November 27, 2023


Best Stock Broker in India | LenDenClub (1)

Choosing a reliable stock broker can make a world of difference in your investment strategy, especially if you are just beginning your journey. But with approximately 5,000 registered stock brokers in India, it can be quite challenging to find the right one.

That is why, in this blog, we will take you through the 4 best stock brokers in India. So, without any delay, let’s dive in.

4 Best Stock Brokers In India

Here’s a glimpse into all the stock brokers we’ve covered.

Stock Broker

Brokerage Charges

Best Known For

Angel One


Low brokerage, extensive research, and educational resources

ICICI Direct


Instant payout and advanced trading tools



Competitive brokerage rates and excellent customer service


₹20 or 0.05%, whichever is lower

Best for mutual fund investments

Angel One

Previously known as Angel Broking, Angel One has over 30 years of experience in the stock broking world and more than 1.5 crore customers. You can invest in stocks, IPOs, US Stocks, mutual funds, futures and options, and commodities. It offers several trade tools, including Angel Speed Pro, Angel One Trade, Angel One App, and Angel ARQ.


  • Provides expert advice and research reports
  • Low brokerage fees
  • Margin funding and margin against share available
  • SMS alerts
  • Intuitive interface
  • Various tools suitable for different investors


  • A 3-in-1 account is not available
  • Does not offer SME shares trading
  • GTC/GTT order not available

ICICI Direct

ICICI Direct is among the top retail stock brokers in India. It offers many services, including a 3-in-1 account (bank account, trading account, and demat account). Its trading services include fixed deposits, IPOs, mutual funds, commodities, and currency.

ICICI Direct also offers multiple brokerage plans – Neo, Prime, Lifetime Prepaid Brokerage, and I-Secure Plan.


  • 3-in-1 trading account
  • Support available in ICICI bank branches
  • Instant payout within five minutes
  • Invest in US Stocks


  • Expensive brokerage charges
  • Minimum brokerage fees


Zerodha can easily be called the best stock broker in India, with its more than 1 crore clients contributing to 15% of all retail trading volumes. It is also the pioneer of the discount broking model in India. Its services include equity, currency, commodities, mutual funds, and derivatives.


  • User-friendly platform
  • Educational resources available
  • Advanced training tools
  • Free equity delivery
  • Low fees


  • Slow account opening
  • Only for the Indian market


With over 40 million clients, Groww has quickly become one of the top 10 stock brokers in India. It offers equity, derivatives, IPO, US stocks, fixed deposits, and direct mutual funds. Both the app and website are easy to use and provide a transparent trading and investing experience.


  • Instant and free online account opening
  • Simple pricing model
  • Intuitive user interface
  • Allows purchasing US equities, digital gold, and US ETFs


  • Doesn’t offer analysis, research, or tips
  • SME IPOs not available
  • No call and trade services

Factors to Consider While Choosing the Best Stock Broker in India

Here are some crucial factors you should consider while choosing the best stock broker in India:

  • Past Performance: Checking the stock broker’s past performance can help you judge their reliability and trustworthiness.
  • Reviews: User reviews give a better insight about the broker as they are given by people who have used their services.
  • Brokerage Charges: The higher the brokerage charges, the lower your earnings. Therefore, carefully go through the broker’s pricing fee for hidden costs.
  • Trading Tools: Check whether the broker’s platforms offer tips and tricks, expert advice, and the latest trading news on time.


The stock market is dynamic and ever-changing. The right stock broker is not just a service provider; they are a partner on your investment journey, standing with you through the highs and lows of the market. So, list out your investment goals, do your research, and make an informed decision.


1. What are the different fees charged by stock brokers?

Stock brokers typically charge the following:

  • Account opening fees
  • Brokerage fees
  • Annual maintenance
  • Transaction fees

2. How do I choose the best stock broker for my needs?

You can begin by identifying your investment goals and considering factors like financial goals, risk tolerance, and trading frequency. Research brokers based on their fees, technology, and customer service.

Team LenDenClub

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.

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