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Best Stock Brokers in India 2026

Compare India's top brokers for IPO applications — fees, features, pros and cons.

Zerodha

India's largest discount broker — Kite and Coin.

Rating

4.5/5

  • Zero brokerage on equity delivery
  • Flat ₹20 per order on intraday and F&O
  • Kite trading platform (web + mobile)
  • Console for taxes, holdings and P&L
Users
1.6 crore+
Founded
2010

Upstox

Fast UPI IPO applications backed by Tiger Global.

Rating

4.2/5

  • Flat ₹20 per order pricing
  • Fast UPI IPO flow
  • Upstox Pro web and mobile apps
  • Free annual maintenance in the first year
Users
1 crore+
Founded
2012

Angel One

Full-service broker with research reports.

Rating

4.1/5

  • In-house research reports
  • Angel One Super App
  • Smart API for algo trading
  • Free equity delivery
Users
2 crore+
Founded
1987

Groww

Simple mobile-first investing with instant IPO apply.

Rating

4.3/5

  • Beginner-friendly interface
  • Stocks, mutual funds, US stocks and FDs in one app
  • Free direct mutual funds
  • Instant IPO application
Users
2 crore+
Founded
2016