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Anand Rathi Share & Stock Brokers in India — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%35
- Safety20%90
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Anand Rathi Share and Stock Brokers Ltd
- Founded
- 1991
- Currencies
- INR.
- Swap-free account
- no
Licence check
Open an account with Anand Rathi Share & Stock BrokersThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Anand Rathi Share and Stock Brokers Ltd
- Local standing
- SEBI-regulated domestic full-service broker.
- Licence as the register states it
- SEBI-registered stock broker; member NSE/BSE/MCX/NCDEX; CDSL/NSDL DP.
- Leverage for this entity
- Intraday MIS; MTF available; capped by SEBI peak-margin rules.
- The firm behind it
- Founded 1994 by Anand Rathi and Pradeep Gupta; Mumbai-based; broking ~60% of revenue; IPO subscribed Sep 2025.
- What we hold against it
- SEBI penalties: Rs 10 lakh (Sep 2024, broker-rule violations) and further fines for cybersecurity/compliance lapses.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday MIS; MTF available; capped by SEBI peak-margin rules.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic full-service broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading (2-in-1), full-service plans. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Anand Rathi Share & Stock Brokers sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Web
- mobile trading app (Anand Rathi Online / ProTrade)
| Class | Leverage |
|---|---|
| Web | —IN |
| mobile trading app (Anand Rathi Online / ProTrade) | —IN |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 3.7 | 38 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Authorised by the India regulator in its own register
- Track record 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- A regulator warning is on file against this broker
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 9IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #44
- Round turn, USD
- 6IN
- Rank in this country
- #49
- Round turn, USD
- 16IN
- Min deposit, USD
- 1000IN
- Leverage
- 100IN
- Rank in this country
- #25
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Anand Rathi Share & Stock Brokers |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 35 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Anand Rathi Share & Stock Brokers accept residents of India?
- Yes. SEBI-regulated domestic full-service broker. Onboarding entity: Anand Rathi Share and Stock Brokers Ltd
- Is Anand Rathi Share & Stock Brokers licensed to serve clients in India?
- SEBI-registered stock broker; member NSE/BSE/MCX/NCDEX; CDSL/NSDL DP. Checked on 09.07.2026.
- Which trading platforms does Anand Rathi Share & Stock Brokers support?
- Web, mobile trading app (Anand Rathi Online / ProTrade). Instruments: Equity, F&O, currency, commodity, mutual funds, IPO, PMS, bonds.
- How can I withdraw money from Anand Rathi Share & Stock Brokers in India?
- UPI, net-banking.
- What account types does Anand Rathi Share & Stock Brokers offer?
- Demat+Trading (2-in-1); full-service plans.
- Does Anand Rathi Share & Stock Brokers offer a swap-free (Islamic) account?
- No. Anand Rathi Share & Stock Brokers publishes no swap-free (Islamic) account for India.