Editorial standards
Methodology: How Indian Broker Test Compiles and Ranks Data
The rules this site operates under. They are deliberately strict, and they apply to every broker identically.
1. Independence
Indian Broker Test is not affiliated with, sponsored by, endorsed by, or in any commercial relationship with any broker it covers. There are no affiliations, referral codes or paid placements anywhere on the site. No broker receives preferential treatment in data, ranking, layout or language - every broker, large or small, old or new, is rendered by the same templates from the same dataset.
2. Sources, in order of preference
First, the broker's own official website - pricing pages, developer documentation and product pages. Second, where a broker does not publish a metric, top-ranked published comparisons, always with the source recorded and linked. If a figure exists in neither place, it is shown as Not Disclosed. We never estimate, infer, average or invent a number, and we never fill a gap because a table would look tidier with it filled.
3. Rankings are computed, never written
Where a page ranks brokers, the order is calculated at build time from the dataset by a sort function - lowest published latency first, cheapest published fee first, and so on. Brokers without a published value for the metric being ranked are listed after ranked brokers, alphabetically, marked Not Disclosed; they are never assigned a guessed position. Where no single verifiable metric exists (for example "best overall"), we list alphabetically and say why. If another broker performs better on a metric than any given broker, the computed order reflects that - there is no override mechanism in the codebase.
4. Speed figures get extra scepticism
Execution-speed claims are the least standardised numbers in broking: methodology, order type, percentile and market conditions are rarely stated. We publish only figures that appear in a citable source, we label self-reported figures explicitly, and we repeat the source's own caveat that figures are approximate. This site has not yet run its own latency benchmark; if it does, the full methodology and raw data will be published alongside the results.
5. Review cadence and corrections
Each page shows its data-review date (currently 2026-07-10). Broker pricing changes without notice, so official pages linked in every table remain authoritative. If you find an error, the fastest fix is to point us to the official page showing the correct figure; verified corrections are applied at the next review and the review date updated.
6. What this site is not
Indian Broker Test is an information publication. It is not a SEBI-registered investment adviser, research analyst or broker, and nothing here is a recommendation to open an account, trade, or invest. Currently tracking 16 brokers; inclusion is based on retail relevance in India, and any SEBI-registered retail broker can be added.