In this article, I am providing the list of Best stock Brokers in Indore. Madhya Pradesh.
Indore is considered as educational hub of Madhya Pradesh as it has both IIT and IIM.
It is the most populated city of MP. Lot of economic activities are taking up in Indore with many SEZs and small scale Industries coming up.
Before you decide to open your account with any stock brokers, I strongly suggest you to go through some of the below articles to understand various types of stock brokers operating in India.
Once you open an account, it is quite cumbersome to change the 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.
Best Stock Brokers in Indore
There are many share brokers based out of your city.
Here is the list of best Stock Brokers in Indore.
- Zerodha
- Angel Broking
- Motilal Oswal
- India Infoline
- ICICI Direct
- HDFC Securities
#1. Zerodha
Zerodha was founded in year 2010 by Mr. Nithin Kamath. Within 8 years, they became the largest stock broker of India overtaking ICICI Direct.
Their trading app KITE is known as best trading app in India.
To know more about Zerodha, read this complete review.
Below table has the details of Brokerage charges of Zerodha.
Check out more article about Zerodha:
Zerodha Indore Office Address
Universal Building.
Beside KCL Business Park
Indore 452010
Website : Zerodha Website
Account can be opened completely online in 15 min. Infact, no need to visit any branch and it is completely online.
Account Opening Charges at Zerodha:
- Online through Aadhar : Rs 200
- Offline by visiting Branch : Rs 400
So, You can save Rs200 by opening account online. Use below button to open Zerodha account online.
Please read this article on how to open Zerodha account explained step by step. You can use below button to open the account instantly.
#2. Angel Broking
Angel Broking was initially started as full service broker but due to competition from discount brokers such as Zerodha, they have remodelled themselves as discount broker.
To understand Angel Broking services and offering, you can refer this review.
Also checkout this side by side comparison of Angel Broking Vs Zerodha.
Below table has the brokerage details of Angel Broking.
Angel Broking Indore Branch Address:
Roshan Singh Bhandari Marg,
Opp Bansi Trade Center,
Near MG Road
Indore 452001
Website : Angel Broking Website
OFFER : The account opening charges and first year AMC Charges are wavied off. To avail the offer, use below button.
#3. Motilal Oswal
Motilal Oswal invest heavily in research. Hence their reports are considered as of good quality. Motilal Oswal are into the broking industry since 1987.
They also have branch in Indore. To know more about Motilal Oswal, you can read this review
Motilal Oswal Indore Address
Satguru ELIT, MG Road, Indore – 452001
Website : Motilal Oswal Website
OFFER : The Account Opening and first year AMC is waived off. Use below button to avail the offer.
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#4. India Infoline ( IIFL)
India Infoline or IIFL was founded in year 1995. Since then, they have expanded their branches in more than 550 location in India and abroad.
They provide service in equities, derivatives, currencies and commodities. They also have advisory services through which they provide research recommendations and reports.
To know more about India Infoline (IIFL), read this detailed review.
Below table has the details of Brokerage Charges of IIFL.
India Infoline (IIFL) Indore Branch Address:
Arean Heights
AB Road
Indore – 452001
Website : IIFL Securities website
OFFER : If you open the account online, they are waiving off the account opening fees. Also first year Annual Maintenance Charges (AMC) is also waived off.
Use below button to avail the offer.
#5. ICICI Direct
ICICI Direct is from ICICI Bank which is one of the reputed private sector bank of India.
ICICI Direct offers 3-in-1 demat account in which savings account, trading account and demat account are integrated together.
For more details about ICICI Direct, read this review.
The brokerage charges of ICICI Direct is more in comparision with Zeodha.
Below table captures the commission charged by ICICI Direct.
ICICI Direct Branch Address in Indore :
Royal Gold,
Opp Center City
INDORE, MADHYA PRADESH Pin Code : 452001
#6. HDFC Securities
HDFC is largest private sector bank of India. HDFC Securities is backed by HDFC Bank.
To know more about HDFC Securities, read this complete review.
Also find the side by side comparison of HDFC Securities vs Zerodha.
Below table captures the brokerage charges of HDFC Securities.
HDFC Securities Branch Address in Indore:
Sector – B,
Behind Bombay Hospital,
Ring Road,
Indore – 452 010
Best Stock Broker in Indore – Conclusion
Indore has many companies provide stock tips. Some are good some are fake companies.
But all the stock brokers in Indore that I have listed above are highly reputed ones. They have decades of track record.
But I personally trade with Zerodha as I like their trading platform which is easy to use and minimalistic.
Also, they offer zero brokerage for all the investments. I am pretty satisfied with their services.
I can recommend Zerodha to anybody on anyday.
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