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Anand Rathi · Review

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.

Last reviewed 2026-05-11

Verdict

Who Anand Rathi fits

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.

Equity delivery
0.2%
Equity intraday
0.02%
Futures
0.02%
Options
Flat ₹50/lot

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

App features
  • 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

Pros
Free account opening and first-year free demat AMC
Full-service offering with research reports and analyst support
Single integrated account across stocks, derivatives, commodities and mutual funds
Both web (TradeXpress) and mobile (TradeMobi) platforms with OTP-based login
Cons
Mutual funds are offered as regular (commission) plans, not direct
Mobile app ratings are middling (around 3.2-3.3 stars) with recurring complaints about updates and stability
Demat AMC applies after the first free year
Brand confusion with the separately listed Anand Rathi Wealth Ltd

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.

Frequently praised
  • 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
Common complaints
  • 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.

Back to Anand Rathi overview

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.