5 Best Stock Brokers In Bhopal – Madhya Pradesh (MP)

In this article, I am providing the list of Best stock Brokers in Bhopal. Madhya Pradesh.

Known as city of Lakes, Bhopal is capital of Madhya Pradesh. It is also selected among the first 20 cities to be developed as smart cities.

It is also ranked as cleanest city of India for three consecutive years.

Lot of economic activities happening in Bhopal in recent years including many SEZs and small scale industries coming up.

Due to all these reasons, every major stock broker of India has his office/branches in Bhopal.

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 Bhopal


There are many share brokers based out of your city.

Here is the list of best Stock Brokers in Bhopal.

  • 1. Zerodha
  • 2. India Infoline
  • 3. Angel Broking
  • 4. ICICI Direct
  • 5. HDFC Securities

#1. Zerodha

Zerodha started as startup in year 2010. But within 8 years, they have become the largest stock brokers of India overtaking ICICI Direct.

It is mainly attributed to superior trading platform KITE and lower brokerage charges.

To know more about Zerodha, read this in-detail review.

Table below captures the details of Brokerage charges of Zerodha.

Check out more article about Zerodha:

Zerodha Bhopal Office Address:

Arera Colony

Near Chinar Complex

Bhopal 462016

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 Aadhaar : 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. India Infoline ( IIFL)

India Infoline or IIFL as they are popularly known are well established in India.

They are the part of IIFL group which is into multiple products and services.

IIFL Securities have presence in more than 500 locations across India and abroad.

Apart from equities, they also provide services in advisory, mutual funds and insurance.

To know more about India Infoline (IIFL), read this detailed review.

Table below capture the details of Brokerage Charges of IIFL.

India Infoline (IIFL) Bhopal Branch Address:

New Market

Malviya Nagar

Bhopal – 462003

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.

#3. Angel Broking


Angel Broking is one of the well known names for Indian investors.

They are into the broking business for more than two decades.

To know more about Angel Broking , you can refer to this detailed review.

You can also check the side by side comparison of Angel Broking Vs Zerodha.

Below table has the brokerage details of Angel Broking.

Angel Broking Bhopal Branch Address:

Above Gaytri Offset,

Near by Axis Bank,

Zone-1 MP Nagar,


#4. ICICI Direct


ICICI Bank is one of the reputed private sector bank of India. They are the promoters of ICICI Direct.

Being offered by a bank, it is a 3-in-1 demat account in which savings account, trading account and demat account are integrated.

But the brokerage charges of ICICI Direct is on higher compared to Zerodha.

Check out this side by side comparison of ICICI Direct Vs Zerodha.

Below table captures the commission charged by ICICI Direct.

ICICI Direct Branch Address in Bhopal:

Malviya Nagar,

Opp. Old Vidhan Sabha,


#5. HDFC Securities


HDFC Securities is from HDFC bank which is largest private sector bank of India.

Again, it is 3 in 1 demat account since the parent company is a bank.

Read more about HDFC Securities here in this review.

Checkout the side by side difference of HDFC Securities vs Zerodha.

Below table captures the brokerage charges of HDFC Securities.

HDFC Securities Branch Address in Bhopal:

Star Planet,

Plot No. 9, Zone 2,

M P Nagar, Bhopal – 462011 MP

Best Stock Broker in Bhopal- Conclusion

There are many stock brokers in Bhopal. Some small and some big.

But all the 5 stock broker I have listed here are very reputed one. You can open the demat account with any one of them without any concern.

But I personally trade with Zerodha, as I like the user interface of KITE which is very easy to use. Also the brokerage charges for investments are zero.

I can recommend Zerodha to anybody on anyday.

Best Stock Broker in Bhopal



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