Independent. No broker pays us, and every number comes from a published source.

Best brokers

Brokers with In-House Research in India (2026)

Prefer ideas and analysis with your account? These brokers publish an in-house research desk.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

Brokers that qualify

  • Angel One

    Traders who want flat-fee pricing plus research, or a free multi-language API.

    Delivery: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
    Intraday: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
    AMC: Free first year, then ₹60 + GST per quarter (non-BSDA)

    ✓ Research deskFree APIMCX commodityMutual fundsIPOPublished speed

    Charges · Calculator

  • ICICI Direct

    ICICI Bank customers who want research, advisory and one integrated account.

    Delivery: 0.29% per order on the default MoneySaver plan (lower on prepaid Prime plans)
    Intraday: 0.029% per order on MoneySaver; ₹20 per order with an iValue subscription
    AMC: ₹700 per year (₹300 for iVALUE subscribers)

    ✓ Research deskFree APIMCX commodityMutual funds

    Charges · Calculator

  • IIFL Securities

    Investors who want a full-service broker with in-house research and wide product coverage.

    Delivery: 0.25% per order (Investor Plan - Online Plus, per official rate card)
    Intraday: 0.025% per order (Investor Plan - Online Plus)
    AMC: Free first year, then ₹250 + GST per year

    ✓ Research deskMCX commodityMutual fundsIPOPublished speed

    Charges · Calculator

  • Kotak Neo (Kotak Securities)

    Kotak Bank customers wanting integrated broking with research.

    Delivery: 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)
    Intraday: ₹10 or 0.05% per order (whichever is lower)
    AMC: Not Disclosed

    ✓ Research deskFree APIMCX commodityMutual fundsIPOPublished speed

    Charges · Calculator

Next step: narrow it down by cost on the cost leaderboards, or see every feature side by side in the feature matrix.

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Frequently asked questions

Which brokers are best for research in India?

On published data at our last review, 4 brokers qualify: Angel One, ICICI Direct, IIFL Securities, Kotak Neo (Kotak Securities). They are listed alphabetically because each meets the same published criteria.

How did you decide which brokers qualify?

A broker qualifies only if its official published data shows: Research desk. We don't accept payment for listings and we don't use opinion scores.

Why is a broker I use not on this list?

Either its published pricing or feature list did not show the required feature at our last review, or the feature depends on a plan or condition. Check the broker’s profile page for the exact wording.

How do I choose between the brokers on this list?

Compare total cost for the way you trade on our cost leaderboards, then use head-to-head comparisons for the two or three that fit best.

Sources

  1. Angel One - official website - https://www.angelone.in
  2. ICICI Direct - official website - https://www.icicidirect.com
  3. IIFL Securities - official website - https://www.iiflcapital.com
  4. Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com