India has the largest population in the world with more than 1.4 Bn, but, few people invest in the country’s stock market. Recently, there have been lots of changes, as the National Stock Exchange (NSE) these numbers are growing and it reached 80 Mn (8 Cr) directly investing using PAN. As of September 2023, there are 129.7 Mn (12.97 Cr) demat accounts open in India. Today, lots of people are attracted to it and opening such accounts.
Read also – Top 10 Alternative Investment Platforms in India
Best Online Stock Trading Platforms in India
Here we will see the Top 10 Online Stock Trading Platforms in India
1. Groww
Groww is one of the best and most popular online stock trading platforms in India. It was founded by ex-Flipkart employees Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh in 2016. It emerged as one of the prominent platforms in India’s digital discount broking industry.
The Minimal brokerage fee for Equity, Intraday, and F&O transactions is either Rs 20 per executed trade or 0.05%. It is registered through SEBI as a stockbroker, depository participant, and investment adviser.
Read also – Top 10 Best Platforms to Buy Digital Gold In India for 2024
2. Zerodha
Zerodha is also one of the top online stock trading platforms in India. It is a pioneer in online discount broking, which was founded in 2010 by Nithin Kamath, Nikhil Kamath, and Dr. Kailash Nadh.
The company holds its memberships with NSE, BSE, MCX, and CDSL, and follows all the rules related to it. It is one of the trustworthy, safe, and reliable platforms. There are no brokerage fees for Equity Delivery and Mutual Funds. Apart from this they also charge Rs 20 per trade.
Read also – Digital Gold Investment Platforms in 2024 | Top 10 Best Platforms To Invest In E-gold
3. Angel One
Angel One is one of the old and prominent platforms, formerly known as Angel Broking. It is one of the well-known financial services providers in India. over the years, the company has undergone significant evolution, they also provide a wide range of financial products and services.
It provides a user-friendly, fast, and secure trading platform that comes with all essential features and tools for effective trading and investing.
Read also – Top 10 Solar Energy Startups in India
4. Upstox
Upstox is one of the leading Online Stock Trading Platforms founded in 2011. It is regulated by SEBI and holds licenses as a stockbroker, depository participant, and commodity broker. It stands as one of the competitive brokerage spaces with a variety of unique features.
It offers a wide range of products and services such as commodity, equity, futures and options (FnO), IPOs, currency, and more. The Upstox Pro trading platform is known for its user-friendly interface, advanced charting tools, and seamless trading experience.
Read also – Top 10 Fintech Unicorns in India
5. Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Ltd. (MOFSL) was founded in 1987. It is one of the reputable financial services companies that operate in compliance with regulatory standards.
The platform offers a wide range of trading options, such as equities, commodities, derivatives, mutual funds, IPOs, currency, US stocks, gold, fixed-income products, insurance, and readymade portfolios.
Read also – Top 50 Fintech Startups in India | Indian Fintech Startups in 2024
6. Paytm Money Ltd.
Bengaluru-based Paytm Money Ltd. was founded in 2017. It is a discount brokerage firm and registered with SEBI as a stockbroker. It offers a wide range of services like direct mutual fund investment, equity trading, IPO investment, a pension scheme, ETFs, and digital gold.
Apart from this they also provide other services such as free Equity Delivery trading, zero-commission direct mutual funds, and a maximum brokerage charge of Rs 20 per trade.
Read also – Top 10 Growing Startup Sectors in India
7. ICICI Direct
ICICI Direct is a part of the ICICI Group, it specializes in online trading, where it offers a wide range of services for equity, commodity, and currency trading on NSE, BSE, and MCX.
Apart from this they also offer fixed deposits, Mutual Funds & IPOs, NCD, wealth products, bonds, Home Loans, and Loans against Securities. They have a perfect balance between affordable fees and personalized service, providing research reports, investment tips, and more.
Read also – Top 10 Sustainable Packaging Startups in India
8. Kotak Securities Ltd.
Kotak Securities Ltd was founded in 1994, it is one of the well-known full-service stock brokers offering retail investors in India with a 3-in-1 account.
It provides a wide range of investment opportunities such as equities, commodities, derivatives, currency, and mutual funds. The best part is they have a zero brokerage plan aged up to 30 years.
Read also – Top EV Financing Companies in India
9. HDFC Securities Ltd
HDFC Securities is one of the prominent full-service stock brokers, it is a part of HDFC Bank. It was founded in 2000 and Registered with SEBI.
It specializes in trading and investment and helps in transactions across a wide range of financial instruments, such as shares, bonds, futures, mutual funds, options, IPOs, commodities, currency derivatives, and stock portfolios.
Read also – Top EV Charging Startups in India
10. 5paisa
5paisa is a Mumbai-based full-service discount brokerage company. It provides financial products with the help of technology and mobile applications.
The company is registered with SEBI as a stock broker, depository participant, and research analyst. Apart from this it also registered with AMFI as a mutual fund distributor.
Read also – Best Electric Vehicles (EV) Startups in India in 2024
Conclusion
Online stock trading platforms in India is one of the booming industries. These platforms provide a wide range of options to their investors. Many platforms offer cost-effective investment, user friendly interference. Apart from this these platforms also help in bombing the Indian economy. These platforms play an important role in the Stock Market.
Read also – Best YouTube Channels for Startup Founders
Frequently Asked Questions (FAQs)
Are online Stock Trading Platforms free?
No, they are not free, but some provide free trading but it depends on terms and conditions.
Who founded 5paisa?
5paisa is founded by Prakarsh Gagdani.
Which are the Top 10 Online Stock Trading Platforms in India?
Paytm Money Ltd, 5paisa, Kotak Securities Ltd, ICICI Direct, Kotak Securities Ltd., Groww, and Zerodha are the Top 10 Online Stock Trading Platforms in India.
