India’s economy stands as one of the world’s fastest-growing, propelling its stock market to remarkable heights. With a growing middle class, robust domestic consumption, and a dynamic Startup environment, India has become a beacon of opportunity for investors globally. Its stock market reflects this growth trajectory, attracting both domestic and international investors seeking to capitalize on India’s potential. Supported by progressive economic reforms, technological advancements, and a young demographic dividend, India’s stock market offers a fertile ground for wealth creation and investment opportunities, positioning it as a key player in the global economy’s landscape.
Ready to step into the world of stock trading but unsure which broker to trust with your demat and trading accounts? Look no further! Our guide unveils the Top 3 stock brokers in India for 2024, offering a comprehensive overview of the leading players in both full-service and discount brokerage.
Our list features a mix of full-service and discount stockbrokers, all known for offering top-notch demat and trading account services. Whether you’re a seasoned investor or just starting out, these brokers have something for everyone. So, let’s dive in and discover the best options for your investment journey.
Best Stock Investment App in India
1. m.Stock by Mirae Asset
m.Stock is one of the best trading Apps in India, offering Zero Brokerage across products for life. With 25 years of rich global lineage, across 19+ countries, and AUM of ~USD 598.8 Billion, m.Stock by Mirae Asset facilitates superfast trading, with 45 Crore+ trades executed till date and a turnover of 4,90,616 crore+ Perfect for both traders and investors, download m.Stock trading App to experience the ‘Zero Brokerage’ revolution.
With MTF from m.Stock, you can take a leveraged position of up to 80% of your total trade value
What is Margin Trading Facility (eMargin)?
Margin Trading Facility (eMargin) is an exchange approved product facilitating delivery trading with up to 80% funding from more than 700 mtf stocks list at interest rates as low as 6.99% p.a. The eMargin facility is available to m.Stock clients at no additional subscription fees or hidden charges.
Key Features of m.Stock’s Trading App
1-Click Order Placement
Seize real-time market opportunities without any delays with 1-click order placement.
Option Chain Analysis
Superior Option Chain Analysis with most relevant strike prices and open interest data.
Advance Charts
Advanced charts and indicators with an option to trade directly with a single click.
Advanced Order Options
Advanced order types such as After Market Orders (AMO), 2-legged cover orders in a single click.
One View Portfolio
Build your trading portfolio and view your investments and Profit & Loss on a single page.
Price Alerts
Set price alerts for your favorite stocks and never miss any market opportunities.
ZERO Pricing
Pay zero brokerage across all products for life with a one-time account opening fees and Demat AMC.
Live Market Data
Get real-time tick-by-tick data for all market indices, stocks, and contracts for easy tracking and monitoring.
Click Here to open an account with m.Stock
2. Upstox
About Upstox
Upstox is an online investment brand of RKSV Securities. It is a SEBI registered financial service provider. boasting an impressive lineup of investors such as Kalaari Capital, Ratan Tata, and GVK Davix. RKSV offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and Demat accounts. Upstox offers a fast, reliable & easy-to-use trading platform for traders in the Indian stock market .
Upstox offers low-cost trading services. The equity delivery (cash & carry) trading is offered for free to the customer. No brokerage is charged for orders placed in this segment. For all other trading segments across the exchange, Upstox charges flat Rs 20 per trade brokerage. It provides an excellent trading platform and tools to its customers. This includes Upstox Pro Web, Upstox MF, Upstox Pro Mobile, and Algo Lab, etc.
What are the benefits of trading with Upstox?
Here are the benefits of trading with Upstox:
Low brokerage fees: Upstox offers competitive brokerage rates, allowing traders to save on transaction costs.
- ₹0
Brokerage*
On Mutual Funds and IPOs
- ₹20
Equity Intraday, F&O, Currency & Commodity*
₹20 or 0.05% (whichever is lower) per order on Stocks
- ₹20
Equity Delivery*
₹20 or 2.5% (whichever is lower) per order on Stocks
Seamless account opening: Upstox offers a hassle-free account opening process, allowing traders to start trading quickly and easily.
Responsive customer support: Upstox offers customer support via multiple channels, ensuring that traders receive assistance whenever they need it. We aim to respond to all calls within 30 seconds to reduce wait times, and our ‘Raise a Ticket’ system ensures timely resolution of queries.
Access to multiple asset classes: With Upstox, traders can invest in a wide range of asset classes, including stocks, mutual funds, and more.
Easy Accessibility: Upstox provides a mobile trading app that’s easy to use and lets you trade wherever you are, whenever you want. You can access the Upstox app on Android and iOS devices, as well as on the web.. Just use your biometrics and mobile number to log in. Plus, enjoy QR code logins on the web for added convenience.
Advanced Charting Tools: Upstox provides advanced charting tools and technical indicators to help traders analyze market trends and make informed investment decisions.
Multiple Order Types: The app supports various order types, including market orders, limit orders, stop-loss orders, and cover orders, allowing users to execute trades according to their trading strategies.
Security Features: The app prioritizes the security of user data and transactions, employing encryption protocols and two-factor authentication to ensure a secure trading experience.
Instant Fund Transfer: Upstox offers quick and hassle-free fund transfer options, allowing users to deposit or withdraw funds from their trading accounts instantly.
Click Here to open an account with Upstox
3. Angel one
Angel One started its journey as a traditional stock brokerage firm in the year 1996. The company has always prioritized empathy towards its customers, believing it to be a crucial aspect of its service. From the outset, Angel One has remained committed to understanding “what the customer wants” and then leveraging the right technology to meet their needs. This customer-centric approach has been central to the company’s evolution, leading to the expansion of its geographical presence across the country.
Over time, Angel One transitioned into a Digital-first company, offering personalized financial journeys to clients through a single app. The company embarked on its “Digital Journey” in 2019, providing end-to-end digital investment solutions to its customers. Through a combination of technological innovation and a steadfast focus on customer needs, Angel One successfully penetrated new markets and onboarded millions of new customers, including those from tier-2 and tier-3 cities. As of December 31, 2021, Angel One stands as the largest listed retail broking house in India in terms of active clients on NSE.
Services Offered:
Angel Broking provides a wide range of services spanning across Equity, Commodity, Currency, Portfolio Management Services (PMS), Life Insurance, Exchange-Traded Funds (ETFs), Initial Public Offerings (IPOs), and Mutual Funds.
Latest Features on Angel One That You Should Know About
Top 10 Performing Large-cap Mutual Funds in India
Angel One, are committed to making innovations on a regular basis while keeping the user’s requirements in mind. As a part of this process, Angle one have recently come up with a set of new features which will surely upgrade your experience of trading on app!
What’s New?
Track your favorite indices on the two main cards on the Watchlist.
Navigate the list of options on the Option Watchlist with useful filters based on index, option type and expiry date.
Avoid order rejection by adding funds, modifying order quantity or pledging securities.
Complete your KYC process faster.
Transaction Charges
Equity Delivery – ₹0 brokerage
Normal transaction charges apply
(DP, Stamp duty, STT, etc.)
Intraday, F&O, Currencies & Commodities – ₹0 brokerage
For the first 30 days*, post which normal
brokerage will be applicable
Intraday Trading – ₹0 brokerage upto ₹500 for first 30 days*
Then, lower of ₹20 or 0.03% per executed order.
Futures & Options – ₹0 brokerage upto ₹500 for first 30 days*
Then, ₹20 per executed order
Margin Trade Funding ₹0 Interest
For 30 days, post which normal
interest charges apply.
If increasing your buying power by 4X excites you to trade in Margin Trading Facility but skeptical about the associated charges, you are at the right place. Know about our low costs on MTF trading here.
As you know, MTF by Angel One lets you trade more. And, you will be charged an Interest rate of 0.049% per day (18% per annum) on the borrowed amount.
Angel One levies interest only from the 2nd day onwards after you have placed an MTF trade, till the outstanding amount is cleared, and/or your position is squared-off.
With MTF Pledging, when you raise a request to Pledge or Unpledge your shares, a charge of Rs 20/- plus GST will apply per ISIN.
Also, remember that MTF Facility is applicable ONLY for trading in equity shares/stocks.
Click Here to open an account with Angel one
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