List of Online Stock Brokers in India

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At present NSE has more than 345 stock brokers registered with it for stock broking business. BSE has a big list of trading members/brokers than NSE. Anyone who wants to take membership with NSE for stock broking will have to clear an online examination of NISM Capital Markets (Dealer) module apart from having other eligibility criteria detailed by NSE India. Here is the list of some famous online stock brokers in India.

If your company is not listed here, please let us know by sending an email to info@lastbull.com, we will add it here. If  readers come across any new trading members/brokers – you may share it with us by commenting below this post. We appreciate your support.
5paisa.com: Buy and sell shares on 5paisa.com with speeds comparable and at times better than NSE’s NEAT Terminal.    http://www.5paisa.com

Aditya Birla Money Ltd: ABM formerly known as Apollo Sindhoori Capital Investment is a leading player in  broking space since 15yrs.     http://www.adityabirlamoney.com/

Advani Share Brokers: Advani Share Brokers, the reputed Bombay based investment house, operates from India’s financial hub, Dalal Street, since 60 yrs.  http://www.advanishares.com/

Agroy: AFIL is the group’s flagship company engaged in capital markets as a premier financial and stock broking house since 18 yrs .     http://www.agroy.com/

Anand Rathi Securities ltd: Anand Rathi Securities provides financial & advisory services including brokerage & distribution of equities, commodities supported by powerful research teams.     http://www.rathi.com/

Angel Trade: The Angel Group has emerged as one of the top 5 retail stock broking houses in India.  http://www.angeltrade.com/

Aracade Share & Stock brokers: Arcadia group has philosophy of client servicing backed by all principal Indian Stock and Commodity.   http://www.arcadiastock.com

Dalal & Broacha stock broking pvt ltd: The Company is the member of The Stock Exchange Mumbai NSE and the OTC exchange of India.  http://www.dalal-broacha.com/

Dalmia Securities: Dalmia Securities (P) Ltd., is one of the market leaders in the Indian securities market.  http://www.dalmiasec.com/

Emkay: Emkay is a Financial Services Company promoted and run by professionals.       http://www.emkayshare.com

Ethical investment solutions pvt ltd: It is committed in providing you superior customer service.  http://ethical360.net

Geojit Financial services ltd : Company has a network of over 300 branches in India and abroad, rendering quality equity trading services.  http://www.geojit.com/

ICICI Direct : Online share and mutual funds trading facility by the ICICI group.   http://www.icicidirect.com/

IL & LS Investsmart : IIL is a premier financial service organisation providing individuals and corporates with customised financial management solutions.   http://www.investsmartindia.com

India Bulls : Indiabulls is India’s leading retail financial services company with 70 locations spread across 62 cities.  http://www.indiabulls.com/

Indianstockmarket.net : Indianstockmarket.net is an effort to educate Indian investor by providing stock news, stock market websites, informative articles, resources to various investment guides.  http://www.indianstockmarket.net/

Indira Securities: FIRM has grown from a modest stock broking firm to the current status with substantial business base with 15 yrs experience.  http://www.indirasecurities.com/

Indus Invest: INDUS  is one of the well established professional stock broking company in north India.  http://www.indusinvest.com

InvestMentor Securites : ISL is a leading stock broker of Gujarat, India. ISL has a seat on India’s largest stock exchange.  http://www.investmentoronline.com

Investment Research& Information services(IRIS) : Myiris.com provides online trading service of Indian stock and mutual funds.  http://www.myiris.com/

Jaypee Capital Services : It has the expertise and the experience to capitalize on daily stock movements and employ over 20 specialist traders certified by the NSE. http://www.jaypeecapital.com/index.html

Khandwala securitiesLtd :
Khandwala group has had over six and a half decades of experience in the financial services industry.     http://www.kslinvestor.com/

Kisan Ratilal Choksey : We serve an eclectic clientele comprising High Net Worth Individuals, Corporates.  http://www.krchoksey.com

LKP : It is one of the most respected groups in India, offers a single window advantage to its clients for all capital and money market related activities.  http://www.lkpsec.com/

Mangal Keshav : It has been a leading brokerage and advisory house offering a range of sophisticated advisory, financial trading and investment services.  http://www.mangalkeshav.com

Motilal Oswal: One of the top-3 stock-broking houses in India with 23 yrs experience.  http://www.motilaloswal.com

Mumbaibull.com : A guide to invest in Indian few nice tips to invest in India and Indian stock markets. A cautious approach for maximizing profits.     http://www.mumbaibull.com/

Networth stock broking Ltd: NSBL is a member of NSE & BSE on the Capital Market and Derivatives  segment.     http://www.networthstock.com/

Orient Capital Market: OCM was started 15 yrs ago with the sole aim to reduce the cost and improve the efficiency of the Broking system.     http://www.orientcapitalmarket.com/

Pratibhuti : Pratibhuti is one of the prominent Indian stock Broking Company effecting business on India’s major bourses.  http://www.pratibhuti.com/

RBK Share Brokers : RBK Share Broking Ltd is the member of Mumbai Stock Exchange, the premier stock exchange of India.  http://www.religare.in/

Religare Securities Ltd: Religare Enterprises Limited (A Ranbaxy Promoter Group Company) provides integrated financial solutions to its corporate, retail and wealth management clients.   http://www.religare.in/

Share Khan : Sharekhan brings to you a user- friendly online trading facility, coupled with a wealth of content that will help you stalk the right shares.  http://www.sharekhan.com

Sivan securities : Sivan is one of the leading Indian Investment Banker & Stock Broker with a strategic focus on South India.     http://members.tripod.com/~sivansec/

Toss financial services : Toss strives for absolute professionalism and high degree ethical standards when it comes to the question of client’s interest.  http://www.tossfinance.com

UTI Securities : UTISEL was promoted as an independant professional entity in 06/94 by UTI. the entire share capital of UTISEL is now held by Administrator of Specified Undertaking of Unit Trust of India since 02/03.  http://www.utisel.com/

Latin Manharlal: Latin Manharlal has grown over a period in experience and serving ever growing clientele in the Capital Market and F&O Segment. The company is a Trading and Clearing Member Broker registered with both the exchanges (BSE/NSE) Under Cash, F&O Segments and Registered Trading Member under Currency Derivative Segment. http://www.latinmanharlal.com/

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{ 36 comments… read them below or add one }

Abee February 15, 2011 at 12:41 pm

Hello,

Can you plz advice which broker is best ? In terms of brokerage charge, service,software they use etc.

Thank you.

Reply

shailender kumar June 28, 2012 at 6:51 am

Hello sir i am shailender kuamr sales manager COMPAN NAME CD EQUISEARCH PVT.LTD. What requirement please contact me

Thank

SHAILENDER KUAMR
8506036222,8459318866

Reply

Sathish Emmadi February 15, 2011 at 2:40 pm

Hi Abee,

What I observed is you can’t get best of everything with a single broker. If the service, software and research are good they charge little extra brokerages. What are your priorities? Though I can’t single out a particular broker as a best one. Sharekhan, IIFL and Kotak have relatively received positive feedback than others.

Please also visit the below links.

http://lastbull.com/kotak-securities-demat-account-review/#comment-889

http://lastbull.com/icici-online-stock-trading-%E2%80%93-icici-direct-%E2%80%93-demat-account-with-icici-direct/#comment-872

Reply

santosh sahu April 11, 2011 at 12:25 pm

hi,
i am from korba chhattisgarh. and want to open self shares broking business firm in chhattissgarh strating from korba .if any have low franchise fees please send me detail.
thanks

Reply

Aftab February 12, 2012 at 5:21 pm

Get in touch with me as soon as possible to get the best offer for your own franchisee…

Reply

RAHUL CHAUDHARY September 1, 2012 at 11:33 am

tell me abt new franchise of shares broking…. give me the best offer

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manish sahu jaipur May 3, 2012 at 4:10 pm

dear contact with me for open a new office

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Harish July 29, 2012 at 9:07 am

Hi Santosh ji,

The best place to start up franchisee is with CD broking firm.

They are offering very low charges for sub brokers

Charges for intradad/Futures/Commodity is Rs 500/Crore turnover.

For more details Plz contact
Sales Manager — +91 9902591950

Reply

princy July 29, 2012 at 5:17 pm

XPERTS TRADE INVITES BUSINESS PARTNERS
FRANCHISEE’S TO OPEN TRADING HUBS /
TRADINGTRAINING SCHOOL / RESELLERS FOR GOLDEN EYE
TECHNICAL ANALYSIS SOFTWARE CONTACT ;9950537999

Reply

anurag September 26, 2012 at 12:08 pm

if we can talk santosh…..i can offer you something gud for yours frenchises……call me at 8375918756

Reply

Sathish Emmadi April 11, 2011 at 5:14 pm

Hi Santosh,

That’s a good idea. To start with you can visit the websites given here and contact them. Once you get responses you can plan visiting the offices physically.

Reply

shailender July 4, 2012 at 10:49 am

sir please give your no it very talk to me this my no 8506036222

sir i am shailender kumar
company name CD EQUISEARCH.

Reply

Murtuza June 11, 2011 at 3:36 am

We are into Document Scanning providing services to Share Broking Companies.
We do scanning of Demat A/C Opening forms for couple of companies.
If any stock broking Co. looking to Outsource Scanning activity can kindly email me at – info@scanservices.in

Reply

Dedicated Broker November 16, 2011 at 10:21 am

It is hard to find which one is the best. But we can have a look over those and choose any one.

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R C MANDAL November 28, 2011 at 8:51 am

I like to invest in share market.I am totally new in this field.need some help and guideline.

regards

R C Mandal

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ram February 24, 2012 at 1:21 pm

Sir,
What type of help you want sir?

Pl reply…sugan135@gmail.com

Reply

Lohith February 7, 2012 at 1:05 pm

What about Ventura securities? Why it is not listed here? Is it too bad?

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surbhi May 13, 2012 at 9:54 am

contact me surbhi 9988140408. can provide u best services wid less brokage charges. Harish 9463868889.

Franchises / Sub-Broker

If you are an individual who like to work for yourself, wants to create an identity of your own and has the grit, self-confidence and business acumen, we provide an excellent platform to realize your dreams.

Nirmal Bang Securities Private Limited offers unique and long lasting offer to be our channel partners who can gain from our infrastructure and expertise in creating wealth. Franchises / Sub brokers are our partners in growth and prosperity. We value their contribution and seek their partnership in creating a world-class infrastructure for Indian consumers in the financial markets.

Reply

Ahmad Ali February 10, 2012 at 4:41 am

New Investor , never ever open account in small brokerage houses, they charge less just to get the customers and then they commit fraud.

Reply

Ahmad Ali February 10, 2012 at 4:49 am

NEVER EVER OPEN AC with NIRMAL BANG SECURITIESPVT. LTD

Reply

ram February 24, 2012 at 1:20 pm

Hi,
Can i trade online directly under NSE or BSE stocks, without joining any broker, after passing NCFM exam?
I m a intraday person. WHo lost many by brokerage…
Ramesh

Reply

Attikka May 22, 2012 at 9:18 am

I really aiatecppre your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.regards

Reply

amit keshari February 29, 2012 at 3:28 pm

i want to commence the business of stock broking with minimum investment ,so which broking firm is better for me…

Reply

PRASENJIT BRAHMACHARI September 15, 2012 at 7:58 am

DEAR SIR,
PRASENJIT BRAHMACHARI, RELATIONSHIP MANAGER AT ROYAL INTERNATION SHARES PVT LTD.
YOU MAY START YOUR INVESTMENT PLAN IN STOCK MKT AT LOWER BROKERAGE,FREE SOFTWARE CHARGES, BEST MKT GUIDENCE & FREE OPENING CHARGES WITH HERE.
CONT: 9051482290

Reply

sandeep March 25, 2012 at 4:00 pm

Hi,
i am from Hissar (Haryana). and want to open self shares broking business firm in Hissar (Haryana) .if any have low franchise fees please send me detail.
thanks
sandeep
09416240094

Reply

rakesh September 16, 2012 at 7:34 am

i want sub broker ship at 300/crore in equity & 200/crore brokerage in commodities.

Reply

vijay April 9, 2012 at 1:08 pm

Hi All, I have a valid NCFM certificate for capital and derivative market modules available for usage on rent. If anyone interested, kindly let me know on vijayvivek2001@yahoo.com.

Reply

Ishan April 9, 2012 at 3:32 pm

hey can any one tell me what’s the approximate number of brokers in India who do not have their own website or in other words they are physical brokers whose clients do not do trading with their websites?

Reply

Bijay July 30, 2012 at 5:57 am

hi,
i am bijay from Durgapur,west bengal . and want to open self shares broking business firm in West bengal strating from Durgapur .if any have low franchise fees please send me detail.
Contact me- 08293953916
thanks

Reply

Navaz August 11, 2012 at 7:49 am

I’m Navaz,
Currently working with bonanza portfolio Ltd as a branch manager. Here I suggest not only company, employees also should have knowledge on these all aspect then only customer get good service either it’s software,trading calls and better brokerages. Company can provide everything but should reach all these to the customers at right time.

Reply

priya patil August 13, 2012 at 3:09 pm

service and security wise Share Khan is best…but trading brokerage charge is bit more than others..

Reply

Mr. Josseph.E Fernandesz August 27, 2012 at 8:31 am

Hello,

Can you plz advice which broker is best ? In terms of brokerage charge, service,software they use etc.

Thanx.

Reply

ahilan a September 2, 2012 at 7:21 pm

hello sir, this is ahilan, engg student from trivandrum .i am interested in stock market.i dont know the basics and where to start with.pls suggest me the things with readings/where to start

Reply

ajeet verma September 23, 2012 at 4:12 pm

hi sir my father want to open a demat a/c in lakshmishree investment and security pvt.ltd and want a suggestion about the company is being better for trading or not . (& want to know previous turnover about this company)
or if this company is not better so plz suggest me any other company for tarading.
plz help me as soon as posible.

Reply

anurag September 26, 2012 at 12:03 pm

Ajeet

Its not all about about the company that you should look for as almost all the company provide more & less same services but you should always look for good managers who is well informed and can provide gud services . you can contact me at 8375918756

Reply

Kumar S October 1, 2012 at 6:30 am

Hi all…

First of all Kudos to Sathish, who took a good effort to exhibit the top online stock brokers.
These comments till date are very impressive, from queries raised by a common investor to the marketing personnel.

For any kind of activities we do, there has a role for our prejudice and rationale in doing it. This applies for chosing a stock broker also.
Don’t we trust the ‘word-of-mouth’ as the best marketing for our household purchase, as such, there are a major pie of investors who join a Brokerage House (BH) on a perception and investment performance of what his/her friend/relative have reaped on trade.
(even its funny when I have seen whether there is leader in a Branch- a client, on whose comments his friends will exercise the same as he do, and arrives to suffer losses or gain in unison.)

One can choose either an established firm to invest, or a small retail broker; however it all depends upon the several factors like the dealer’s expertise in capital market, how he allocate funds, the timing in deciding what call to take (buy/sell/hold) and the research support given by the team.
(it happnd 2 me wen i felt guilty to realise wen i critsized the reserch during times wen tht team hlpd me yield profit)

One learns on experience. An investor who is mastered (not to become an expert) about how to play and take benefit of the market volatility can generate a sense of confidence, by reading market reports on different media.

Its always wise to read carefully the offer documents, visit the branch for your account statement, thoroughly verify these statements, seek information regarding the charges levied.
(we tend to always find out the -ves than +ves .. aftr all hw mch chrgs thy levy, we r implied to suffer it.. no one runs for social servce in capital mkt– its really a strong battlefield)

Its also advisable visiting the investor awareness links provided with the Stock exchanges (NSE, BSE, MCX etc) and the SEBI website to gain investor confidence and stay update on market trends.

Knowledge only adds value to us rather. Allocate those valuable time to gain knowledge on the money invested or spend. Definitely in the long run, whatever a broker or its methodology may be. one’s ideology and optimism to gain profit will always come, coz you invested from your knowledge and whats worth to get an income investing on knowledge?
‘Vidhya Dhanam Sarva Dhanaal Pradaanam’

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