Anand Rathi review
Independent review of Anand Rathi — brokerage, app, account opening, customer support and the kind of investor it actually fits. Anand Rathi is a full-service broker.
Verdict
Investors who want a full-service broker with research support, a single multi-product account, and access to equity, F&O, commodities and mutual funds.
Brokerage at a glance
Headline brokerage on the default Anand Rathi standard plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Anand Rathi
Anand Rathi is a full-service broker. The Standard plan charges 0.20% on equity delivery, 0.02% on intraday and futures, and ₹50 per lot on options. A promotional flat-₹20 plan offers brokerage-free delivery and ₹20 per trade on intraday and F&O.
The TradeMobi trading app
- Open a demat account and trade equity, F&O and commodities (NSE, BSE, MCX, NCDEX) in one app
- Real-time market data, live price tracking and market movers
- Advanced charting with technical indicators and options strategies
- Order placement, portfolio summary and mark-to-market position tracking
- Secure fund transfer with two-factor authentication
- Research-backed insights and customizable watchlists
Opening an Anand Rathi account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at www.anandrathi.com.
Customer support
Anand Rathi support is available monday to friday, 9:30 am to 6:30 pm. For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the Anand Rathi customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from Anand Rathi’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about Anand Rathi
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Live market tracking with real-time indices and quotes
- Customizable stock watchlists
- Portfolio 360 tool for consolidated holdings across stocks, ETFs and mutual funds
- Market scanner with Rise & Fall, Volume Shocker and Circuit Breaker filters
- Built-in options calculator for profit, risk and break-even analysis
- Access to research-backed reports and analyst insights
- Some users report occasional lag or freezes around market open and close.
- Reviewers note the app needs more frequent updates and additional analysis features.
- Adding or searching scripts in the watchlist can feel slow for some users.
- A few users mention needing several attempts before the app logs in.
Alternatives to Anand Rathi
By active client count, Anand Rathi is the #21 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Anand Rathi.
Anand Rathi is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Investors who want a full-service broker with research support, a single multi-product account, and access to equity, F&O, commodities and mutual funds.
Equity delivery is 0.2%. Equity intraday is 0.02%. Equity options is Flat ₹50/lot. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Anand Rathi is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Open a demat account and trade equity, F&O and commodities (NSE, BSE, MCX, NCDEX) in one app. Real-time market data, live price tracking and market movers. For a full feature list and download links see the Anand Rathi app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://www.anandrathi.com.
Discount brokers comparable to Anand Rathi include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.