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Best Brokers for Equity Trading in India


Best Brokers for Equity Trading in India 2022

Every broker both discount and full-service broker who is a registered member of BSE and NSE offers equity trading services to customers. If you are an equity trader, read our in-depth article to know the best brokers for equity trading in India 2022.

What is Equity Trading?

Equity trading simply means buying and selling a company’s shares listed on the BSE and NSE. People can trade in shares in different ways; equity intraday trading, delivery trading, equity futures & options trading. The first & foremost thing that pop-up traders head is the lowest brokerage charges on equity trading to save costs and earn better net return after brokerage.

Different types of equity traders look for different requirements as equity investors look for lifetime zero brokerage delivery trading, intraday traders prefer flat discount brokerage with advanced charting, technical indicators, and advanced mobile trading app, whereas derivative traders look for the flat brokerage F&O trading along with F&O contract details, open interest analyzer, and option chain analytics.

Based on different requirements, here is a list of Top 5 stock brokers or best brokers for equity trading in India – 2022.

Best Brokers for Equity Trading in India 2022

Broker Brokerage Brokerage
(Maximum per order)
Review Request Callback
ZerodhaEquity Delivery:Free
Equity Intraday:0.03% or Rs 20 whichever is lower
Futures:0.03% or Rs 20 whichever is lower
Options:Flat Fee Rs 20
Rs 20Zerodha ReviewOpen Account
ProStocksEquity Delivery:Free
Equity Intraday:Flat Fee Rs 15
Futures:Flat Fee Rs 15
Options:Flat Fee Rs 15
Rs 15ProStocks ReviewOpen Account
Paytm MoneyEquity Delivery:2.5% or Rs 15 whichever is lower
Equity Intraday:0.05% or Rs 15 whichever is lower
Futures:0.02% or Rs 15 whichever is lower
Options:Flat Fee Rs 15 per order
Rs 15Paytm Money ReviewOpen Account
EdelweissEquity Delivery:Flat Rs. 10 per executed order
Equity Intraday:Flat Rs. 10 per executed order
Futures:Flat Rs. 10 per executed order
Options:Flat Rs. 10 per executed order
Rs 10Edelweiss ReviewOpen Account
5paisaEquity Delivery:Flat Fee Rs 20
Equity Intraday:Flat Fee Rs 20
Futures:Flat Fee Rs 20
Options:Flat Fee Rs 20
Rs 205paisa ReviewOpen Account
  • Ranked #1 Broker in India(5*)
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  • UpstoxEquity Delivery:2.5% or Rs 20 whichever is lower
    Equity Intraday:0.05% or Rs 20 whichever is lower
    Futures:0.05% or Rs 20 whichever is lower
    Options:Flat Fee Rs 20
    Rs 20Upstox ReviewOpen Account

    Best Brokers for Equity Trading in India – Final Verdict

    Among all, Zerodha ranked at the top position as the best platform for equity trading. If you are an investor, then you can invest in shares (Delivery trading) on Kite for free at nil brokerage. However, all intraday and F&O trading transactions are charged at a minimal brokerage fee of just Rs. 20 per order regardless of the trade value. Its Kite app and web platform are excellent for equity traders & investors to get detailed market depth, stock market news, real-time analytics, and advanced charting with hundreds of technical indicators. All these features help users to select the best stock for trading and investment.

    However, if you are only an intraday trader then Prostocks is the best broker for intraday trading because its Unlimited Trading Plan allows free intraday trading at a nominal monthly charge of Rs. 899/month.

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    FAQs

    Zerodha is India’s largest online discount brokerage firm with an 18%+ market share. It is the top choice among equity investors to invest in BSE and NSE listed company’s shares (delivery trading) for Free on the Kite.

    Zerodha Equity Trading Benefits;

    • Free delivery trading (investment in stocks) at zero brokerage.
    • The lowest brokerage fee of Max Rs. 20/ per order brokerage.
    • Excellent Zerodha Kite flagship trading platform with advanced charting and technical indicators.
    • Kite app allows trading at your fingertips.
    • No hidden charges.
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    Yes, Prostocks although a relatively new broker in the Indian brokerage space, is still one of the cheapest brokers for intraday trading in stocks. Its Unlimited Trading Plans offers free equity intraday trading at zero brokerage at Rs. 899/month. Thus, the plan helps intraday traders to save a lot on brokerage. Prostocks also has an Rs. 15 Flat brokerage plan that offers free investment in stocks (delivery trading) and charges Rs. 15 per order brokerage on all intraday and F&O trades.

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    Upstox, a part of RKSV Securities, is one of the preferred discount brokerage houses in India. Upstox charges a maximum of Rs. 20 per order brokerage on equity, derivatives, commodity, and currency trading. Its Pro web and app platform is an all-in-one efficient online trading platform with decent charting features and 100+ technical indicators. Thus, intraday and F&O traders can open Upstox accounts to trade at a minimal brokerage fee.
    However, if you are only an equity investor, Upstox is not recommended as it doesn’t offer free delivery trading. Zerodha, Fyers, Paytm Money, and 5paisa allow investment in shares at zero brokerage.

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    Edelweiss, a full-service broker, charges the lowest flat brokerage model at Rs. 10 per executed order brokerage fee across segments. Here it is to be noted that the investment in shares with edelweiss is not free and levies at Rs. 10 flat brokerage. However, Paytm Money, a discount brokerage firm, offers an Rs. 10 fixed pricing model on all intraday and F&O trades and offers free delivery trading at Rs. 0 brokerage.

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