Best Stock Brokers in India 2026

Discount brokers like Zerodha and Groww charge flat ₹20 per trade regardless of trade size, and offer self-service platforms. Full-service brokers like ICICI Direct provide research reports, dedicated relationship managers, and advisory services but charge higher brokerage (often a percentage of trade value).

Groww and Zerodha are popular choices for beginners. Groww offers the simplest interface with zero account opening and AMC charges. Zerodha provides comprehensive educational resources through Varsity and a well-designed platform suitable for learning.

Yes. All SEBI-registered brokers (discount or full-service) must follow the same regulations. Your shares are held in your demat account with CDSL/NSDL depositories, not with the broker. Even if a broker shuts down, your holdings remain safe in your demat account.

Yes, all major brokers listed here support IPO applications through UPI-based ASBA. You can apply directly from their apps. Zerodha, Groww, Upstox, and Angel One all have seamless one-click IPO application flows integrated into their platforms.