There are hundreds of Share brokers operating in Bengaluru. In this article, I am providing the list of Best stock Brokers in Bangalore. Karnataka for 2024.
Bangalore has been IT capital of our country and is one of the fastest growing cities in Asia. People of many background live here and the city is truly cosmopolitan in nature.
How to select the Best Stock Broker in Bangalore?
Once you open an account with any broker, it is quite cumbersome to change the broker. So it is important to analyse the main requirements from your broker.
One may be looking for lowest brokerage charges, another guy may be looking for trading tips and ready to pay higher brokerage. So decide and choose carefully depending upon your requirement.
Whoever in Bangalore you choose as broker, make sure the broker is registered with Stock exchanges like NSE and BSE. Also check that they have SEBI registration number displayed on their website.
Before you decide to open your account with any stock broker of Bangalore, I strongly suggest you to go through some of the below articles to understand various types of stock brokers .
Top 10 Stock Brokers in Bangalore
Though there are many good brokerage firms present in Bangalore, I will discuss Top 10 stock broking companies of Bangalore
Here is the list of best stock brokers in Bangalore.
- Zerodha Stock Broker
- Angel Broking Stock Broker
- Motilal Oswal Stock Broker
- FYERS Securities Stock Broker
- India Infoline (IIFL) Stock Broker
- ICICI Direct Stock Broker
- Sharekhan Stock Broker
- Kotak Securities Stock Broker
- SBI Cap Securities Stock Broker
- Edelweiss Stock Broker
#1. Zerodha
Zerodha is biggest stock broker in India and it is been a matter pride that the stock broker which has Head Office in Bangalore has become No 1 stock broker.
Advantages of Zerodha:
- Zero brokerage on delivery (Investments)
- Rs 20/order for intraday, F&O , Currency and Commodities
- Offers Best trading App for customer for free
- Trading platforms are available in regional languages
- Account can be opened instantly through Aadhar at Zerodha
Zerodha Office Address in Bangalore:
153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Website: Zerodha Website
Account can be opened completely online in 15 min. Infact, no need to visit any branch and it is completely online.
Also there is a discount of Rs 200 for those accounts opened online. ( Offline account opening fee: Rs 400, Online account opening fee : Rs 200)
Please read this article on how to open Zerodha account explained step by step. You can use below button to open the account instantly.
Save200 : Now save Rs200 in account opening when account is opened online. Use below button to go directly to Zerodha account opening page.
#2 Angel Broking
Angel Broking is well established stock broking house of our country. They have their presence across Bangalore through Branches and Sub-broker offices.
Read more about Angel Broking here.
Previously they used to levy brokerage charges in terms of percentage of total traded value (Full service brokerage model). But they have now adopted the discount brokerage model similar to Zerodha.
Check out the comparison of Angel Broking with Zeroda.
Angel Broking Brokerage Charges :
Advantages of Angel Broking
- ARQ : Artificial Intelligent based Robo Advisor
- Relationship Manager for every client
- Research reports and recommendation
Angel Broking Bangalore Contact Address:
35/2, 3rd Floor, Chaman Building, Ali Asgar Road, Opp.canarabank,Cunningham Road Bangalore- 560052
Angel Broking is currently offerring free account opening and Zero AMC for first year. To avail the offer, use below link.
#3 Motilal Oswal
Motilal Oswal is a famous stock broker in Bangalore since 1987. They are full service brokers who levy higher brokerage charges but provide personalized service.
If you are new to stock market and OK to pay more charges, the may be good for you.
Their research papers considered to be of good quality. Read more about Motilal Oswal in this review article.
Advantages of Motilal Oswal:
- One of the best research professional
- Separate app for Investors and Traders
- Branches located throughout the country
But again, being full service broker, their brokerage charges are higher than discount brokers. Read comparison of Motial Oswal Vs Zerodha.
Branches of Motilal Oswal in Bangalore:
No.212, 3rd Floor, Bellary Road, landmark – heroshowroom building, Palace Orchads, Sadashiv Nagar, Bangalore, Karnataka-560080
Website : Motilal Oswal Website
OFFER : Currently, account opening fee is waived off for accounts opened in online mode. Also, first year Annual Maintenance Charge (AMC) for first year also waived off.
#4. FYERS Securities
FYERS is the acronym which stands for Focus Your Energy & Reform Self. They entered the discount broking industry lately compared to prominent brokers like Zerodha and Upstox. (Read : FYERS Vs Zerodha)
They are based out of Bangalore and founded in year 2015. The company is headed by team of young people and has start up like environment.
FYERS Brokerage Charges:
FYERS Securities Contact details (Bangalore):
No 19 & 20, 3rd Main, Gandhinagar, Bangalore 560009
Website : FYERS Securities Website
To avail free account opening offer, you can use below button to go directly to FYERS account opening page.
#5. India Infoline (IIFL)
India Infoline is one of the reputed full service broker of India. They were established in year 1995.
IIFL command huge respect for more than 2 decades. They spend considerable amount of their profit on research and hence their research reports are good.
Apart from equities, they provide investment/trading in derivatives, commodities. currencies. They also provide advisory services.
To know more about them and India Infoline (IIFL) offerrings, read this review.
Also read : IIFL Vs Zerodha
Brokerage charges of IIFL are resonable when compared to other full service brokers.
Below table has the details of brokerage charges of IIFL.
IIFL Office Address in Bangalore:
Bhashyam Circle,
Rajajinagar,
Bengaluru – 560010
Website: IIFL Website
To avail this offer, use below button to open account.
#6 ICICI Direct
ICICI Direct is broking subsidiary of ICICI bank which is a leading private sector bank.
ICICI Bank provides 3-in-1 demat account. That means, Demat account, Trading account and savings bank account are integrated. This allows seamless movement of funds across all accounts.
Read: Detailed review of ICICI Direct & Brokerage Charges
But unfortunately, brokerage charges of ICICI Direct is one of the highest. They charge a certain %age of total traded value as commission as against a flat charges of Zerodha.
Read : Zerodha Vs ICICI Direct
Below are the Brokerage Charges of ICICI Direct.
ICICI Direct Bangalore Branch address:
Please check this ICICI Direct Branch Locator to find out the stock broker branches near you.
#7 Sharekhan
Sharekhan is one of the prominent broker of Bangalore. They provide wide variety of products apart from the usual products like Equities, Currency and Commodities.
Most notable is Portfolio Management Service (PMS). But they need investment of atleast 50 lakhs.
Brokerage is also high in Sharekhan. Check comparison of Zerodha Vs Sharekhan
Check detailed Sharekhan review here.
Sharekhan Brokerage Charges:
Sharakhan offices in Bangalore:
Locate the branch address of Sharekhan in Bangalore
#8 Kotak Securities
Kotak Securities offers 3-in-1 demat account. The trading account is linked with savings bank account of Kotak Mahindra Bank.
They offer trading platform called KEAT. Read more about Kotak Securities here.
Below are the charges of Kotak Securities across various segments.
Kotak Securities Contact Details in Bangalore:
119, 2nd Floor, ,
Radha Krishna Sadana, , Gandhi Bazar Main Road, Basavanagudi, Bangalore – 560004
#9 SBI Cap Securities
SBICap Securities holds huge brand value as it from the largest public sector Bank i.e State bank of India.
Advantages of SBI Cap Securities:
- High Brand Value
- IPO can be applied Online
- Provide 3-in-1 demat account
SBICap Securities Brokerage Charges:
SBI Cap Securities Contact Details in Bangalore:
They have many branches at Bangalore. Main office is located at below address.
87, ALMAS CENTRE, 6th Floor, M G Road, Bangalore– 560001
#10 Edelweiss
Edelweiss group us a leading player in financial service sector and Edelweiss Broking is the brokerage unit of this group.
They were established back in 1995 and provide service in the following sectors through membership they got from BSE, NSE, MCX-SX and MSEI.
Read: Edelweiss Brokerage Review .
Edelweiss Contact Details in Bangalore:
87A , 2nd Floor, #05, Onyx Centre, Museum Road, Bangalore-560001
Best Stock Brokers in Bangalore: Conclusion
You can consider to open you trading and demat account with any of the 10 major stock brokers of Bangalore.
I personally use Zerodha. I trade my on own and not interested in any recommendations . Moreover Zerodha has Head Office in Bangalore, which is and added advantage.
I can recommend Zerodha to any one since I using them since 2012 and pretty satisfied with their product and service.
Best Stock Brokers in Other Major Cities of India :