Investing in Exchange Traded Funds (ETFs) is one of the most innovative ways to build a diversified portfolio. ETFs combine the flexibility of stocks with the benefits of mutual funds, making them an attractive option for both beginners and seasoned investors. However, your success in ETF investing often depends on choosing the right broker. With so many options available, finding the perfect fit can be overwhelming.
To simplify things, we’ve compiled a list of the 10 best ETF brokers, highlighting their features, pros, and why they stand out in the market. Whether you’re just starting and need to open demat account or looking for advanced tools for ETF trading, this guide has everything you need. Let’s explore the options.
1. HDFC SKY
HDFC SKY is a strong choice for investors looking for a reliable and user-friendly platform to trade ETFs. It offers a wide range of ETFs, emphasising ease of access and customer support. Ideal for new and experienced investors, HDFC SKY makes trading simple and efficient while offering robust portfolio tracking and management tools.
Key Features:
Zero account opening charges.
Zero brokerage on ETFs.
Zero AMC for the first year.
Comprehensive ETF offerings across various asset classes.
Easy-to-navigate platform with dedicated customer support.
Pro Tip: For a smooth trading experience and a well-diversified portfolio, explore ETFs with HDFC SKY. Utilise their learning resources to understand the ETF market better.
2. Upstox Pro
Upstox Pro offers one of the most advanced and responsive platforms for ETF trading. With competitive brokerage rates and a wide range of ETFs, it provides an ideal environment for beginners and experienced traders. Its charting tools and advanced analytics give users a clear edge in ETF trading.
Key Features:
Low brokerage fees.
Advanced charting and analysis tools.
Real-time market data and research reports.
Easy-to-use mobile app for trading on the go.
Pro Tip: Utilise Upstox’s market analysis tools to track ETF trends and make data-driven investment decisions.
3. ICICI Direct
ICICI Direct is one of the most established brokers in India, offering a wide range of ETF options with excellent research and analysis tools. The platform is user-friendly, and the broker offers various services, including SIPs in ETFs, making it an ideal choice for both long-term and short-term investors.
Key Features:
SIP in ETFs.
Detailed research reports and stock recommendations.
Intuitive user interface and mobile app.
Comprehensive ETF options across sectors and asset classes.
Pro Tip: Consider setting up SIPs in ETFs to build a diversified portfolio over time while minimising market risk.
4. Groww
Groww is a popular platform for retail investors, providing a simple and transparent interface for trading ETFs. With no hidden charges, Groww ensures that ETF trading is straightforward and affordable, making it perfect for first-time investors.
Key Features:
Zero commission on ETF investments.
Easy-to-navigate platform with a focus on user experience.
A broad selection of low-cost ETFs.
Customizable watchlists and portfolio tracking.
Pro Tip: Use Groww’s automated portfolio rebalancing feature to manage your ETF investments effectively and ensure consistent growth.
5. Angel One
Angel One offers a robust platform with various ETF products, competitive brokerage, and powerful analytical tools. It’s an excellent choice for beginner and experienced traders who want to access ETFs easily.
Key Features:
Low brokerage structure
Wide range of ETFs and other investment products
In-depth research and market analysis tools
Reliable customer support
Pro Tip: Use Angel One’s research tools to stay updated with ETF performance and align your portfolio with market conditions.
6. Kotak Securities
Kotak Securities is well-regarded for its stable and secure trading platform, offering a comprehensive suite of ETFs. The broker’s expertise in equity and ETF trading, combined with a wide array of investment options, makes it ideal for various investors.
Key Features:
Low-cost ETF trading.
Advanced market research tools.
Seamless mobile app for ETF trading.
Strong customer service and educational resources.
Pro Tip: Use Kotak’s research tools to explore emerging ETF trends and identify the most promising sectors.
7. 5paisa
5paisa is an emerging broker that offers low-cost ETF trading with various investment options. It’s ideal for budget-conscious investors who want access to ETFs without the burden of high fees. 5paisa also offers excellent customer support and a solid trading platform.
Key Features:
Ultra-low brokerage fees.
Wide range of ETF options.
Real-time market updates and alerts.
Easy-to-use trading interface.
Pro Tip: If you’re looking to invest in ETFs on a budget, 5paisa’s low-cost structure allows you to build a diversified portfolio without excessive fees.
8. Axis Direct
Axis Direct is known for its customer-centric approach, making ETF trading accessible for all levels of investors. With its seamless interface, expert research, and wide selection of ETFs, Axis Direct is ideal for investing strategically in ETFs.
Key Features:
Zero brokerage on delivery-based ETF transactions
Detailed research and analysis reports
Advanced trading tools and platform
Personalised financial advisory services
Pro Tip: Leverage Axis Direct’s personalised advisory services to identify ETFs that align with your financial goals.
9. Motilal Oswal
Motilal Oswal is known for its premium research and comprehensive ETF offerings. It offers various ETFs catering to both domestic and international markets. The brokerage is slightly higher, but the value provided through expert insights and tools makes it a worthy choice for long-term investors.
Key Features:
High-quality research and investment insights.
Access to international ETFs and equity products.
User-friendly trading platform.
Robust portfolio management tools.
Pro Tip: For long-term wealth creation, consider investing in international ETFs Motilal Oswal offers to gain global exposure.
10. Paytm Money
Paytm Money offers a beginner-friendly platform with a focus on simplicity and transparency. It’s ideal for those who want to invest in ETFs without complexity. With no commission on mutual fund and ETF transactions, it’s one of the most cost-effective options.
Key Features:
Zero commission on ETFs.
Simple, intuitive interface for first-time investors.
Wide variety of ETFs to choose from.
Integration with the Paytm ecosystem for easy transactions.
Pro Tip: Paytm Money is perfect for new investors; use the app’s learning tools to understand ETF dynamics and make informed investment decisions.
How to Choose the Right ETF Broker
When choosing a broker for exchange-traded funds, consider these factors:
Fees: Look for brokers offering zero-commission ETF trades to minimise costs.
Investment Options: Ensure the broker provides access to diverse ETFs, from thematic funds to sector-specific ETFs.
Tools and Resources: A good broker offers tools like research reports, educational materials, and a feature-rich stock app to help you make informed decisions.
Ease of Use: A user-friendly platform is crucial, especially if you’re new to ETF trading.
Reliability and Support: HDFC SKY offers strong customer support and a trustworthy platform, making it an excellent choice for smooth ETF trading.
Conclusion
HDFC SKY is a top choice for investing in Exchange Traded Funds (ETFs) due to its reliable services and user-friendly platform. Whether you are a beginner opening a Demat account or an experienced investor looking for advanced tools, it provides a seamless and efficient investing experience. Its strong reputation and investor-focused features make it an excellent option for diversifying their portfolios and achieving their financial goals.
Choose a broker that aligns with your goals, and don’t forget to leverage features like a stocks app for convenience. Start your ETF trading journey today and take the first step toward growing your wealth in 2025!
