Zerodha vs Upstox vs Groww vs Angel Broking vs Punch: Which Broker is Best in 2025?

In 2025, Indian traders and investors are spoiled for choice when selecting an online stockbroker. With dozens of platforms offering attractive pricing, robust tools, and user-friendly apps, it can be tough to decide which one suits your needs best. The top contenders are Zerodha, Upstox, Groww, Angel Broking (now Angel One), and the rising new-age broker Punch. Each has carved out a niche in the market, but which one is right for you?

In this blog, we’ll compare these five popular brokers across multiple parameters—charges, features, user experience, and more—to help you make an informed decision.

Quick Comparison Table Zerodha vs Upstox vs Groww

Broker	Account opening fee	Investing Charges	Trading Charges	Platform	Ideal for	Customer Support
Groww	Free	₹0 (Delivery)	₹20/trade	Mobile-first	Beginners, investors	Limited
Zerodha	Free	₹0 (Delivery)	₹20/trade	Kite (Web & App)	Pro traders, long-term	Good(ticket/email)
Angel one	Free	₹0 (Delivery)	₹20 or 0.1% per order	Angel One App/Web	Advisory + investors	Strong support
Upstox	Free	₹0 (Delivery)	₹20 per order	Pro Web, Mobile	Traders looking for value	Moderate
Punch	Free	₹0 (Delivery)	₹20 per order	Punch Pro (App/Web)	Modern traders, youth	App chat + Email

Groww Review

Originally a mutual fund platform, Groww ventured into stock broking with its app-first approach. It has quickly become a favorite among Gen-Z and millennial investors.

Key Features:

* Seamless UI for first-time users

* Mutual funds, stocks, and gold

* No account opening or maintenance charges

Pros:

* Beginner-friendly

* Simple language and design

* Low-cost structure

Cons:

* Limited advanced features

* No in-depth research or advisory

*Best For:*First-time investors and casual traders

Zerodha Review

Zerodha is India’s largest and most trusted discount broker. Launched in 2010, it disrupted the traditional broking model by offering zero brokerage on delivery trades and a flat ₹20 charge for intraday and F\&O trades.

Key Features:

* Kite app & web trading platform

* Coin for direct mutual fund investments

* Console dashboard for reports

Pros:

* Industry-leading platform (Kite)

* Transparent charges

* Strong community and support

Cons:

* No stock tips or advisory

* Slight learning curve for absolute beginners

*Best For:*Intermediate to advanced traders, long-term investors

Angel Broking (Angel One) Review

Angel One is a legacy broker that has transformed into a tech-savvy platform. It combines traditional advisory with modern trading tools.

Key Features:

* Angel One app & web

* SmartAPI for automation

* Advisory reports and recommendations

Pros:

* Best-in-class research tools

* Full-service broker with modern features

* Personalized advice available

Cons:

* App performance can vary

* Slightly more complex onboarding

*Best For:*Investors who want advisory + tech tools

 Upstox Review

Backed by Ratan Tata and Tiger Global, Upstox is a strong competitor to Zerodha. It offers a sleek interface and is heavily focused on affordability.

Key Features:

* Pro Web and Upstox app

* Free delivery trading

* Fast onboarding

Pros:

* Excellent UI/UX

* Margin trading facilities

* Competitive pricing

Cons:

* Occasional app glitches

* Less educational content than Angel One

*Best For:*Budget-conscious traders who want a clean experience

Punch Broker Review

Punch is an emerging fintech-powered stockbroker catering to India’s tech-savvy and mobile-first generation. With dynamic pricing and visually immersive dashboards, Punch is disrupting how young investors approach trading.

Key Features:

* Zero brokerage plan for small trades

* AI-driven insights and tools

* Real-time dashboard alerts

Pros:

* Modern and intuitive interface

* Customizable pricing plans

* Rapid app performance

Cons:

* New entrant, lower brand trust

* Limited features for advanced traders

*Best For:*Tech-savvy, modern users who prefer flexibility and visual trading insights

 Feature-Based Comparison Zerodha vs Upstox vs Groww

Brokerage & Charges

Zerodha, Upstox, Groww, Angel One offer flat ₹20/trade pricing, with free delivery.

Punch provides a flexible plan with zero to ₹20 per trade.

App & User Interface

Groww wins on simplicity.

Zerodha and Upstox win on functionality.

Punch stands out for modern design.

Angel One offers a balanced hybrid experience.

Customer Support

Angel One offers strong phone, chat, and advisor-based support.

Zerodha operates mainly on tickets and email.

Punch uses app-based chat and email.

Groww has limited support channels.

Advanced Tools

Zerodha offers Console, Kite Connect, and advanced charting.

Angel One provides SmartAPI and research tools.

Punch uses AI-driven dashboards.

Upstox provides basic APIs and tools.

Research & Learning

Angel One leads with advisory and research.

Zerodha offers Varsity—India’s best free stock market education.

Groww keeps it simple for beginners.

Punch offers trend-based insights and blog explainers.

Which Broker is Best for You?Zerodha vs Upstox vs Groww

User Type	Recommended Broker
Beginners	Groww, Punch
Advanced Traders	Zerodha
Budget-Conscious Traders	Upstox, Punch
Advisory-Driven Investors	Angel Broking (One)
Tech-Savvy Traders	Punch

In the end, your choice depends on what kind of trader or investor you are. For no-frills investing, Groww is excellent. If you want raw power and control, Zerodha is a solid pick. For research-driven trades, Angel One shines. Upstox finds the sweet spot between price and usability. And if you want modern innovation with flexible pricing, Punch is worth exploring.

FAQs

Final Thoughts

Choosing a stock broker in 2025 is about aligning your goals with the platform’s strengths. Whether you want simplicity, speed, advisory, or advanced tools—there’s a broker that fits your style.

What do you use: Zerodha, Upstox, Groww, Angel Broking, or Punch? Drop your choice in the comments!

Disclaimer: This article is for educational purposes. Please consult a financial advisor before making investment decisions.