Making money on the stock markets can be challenging for novice traders, particularly if they’re just beginning. You must carefully select an industry and/or broker before choosing how you’ll trade – not an easy feat when first starting out!
Doing business can be daunting without all the appropriate information at hand, which is why we have made your job simpler by compiling a list of 10 stock brokers in India who specialize in making investing easier for you.
Finding the Best 10 Stock Brokers in India
Selecting a stock broker requires more than meets the eye. While some brokers provide in-depth research analytics, others simply trade options or mutual funds. It is essential that you identify your needs first: do you require researched reports or prefer conducting your own investigation before selecting which broker meets them best.
Zerodha
Though new to the scene, Zerodha has quickly established itself as one of the premier discount stock brokers in India. Offering affordable brokerage fees with its user-friendly Kite virtual trading platform – both browser and android compatible – Zerodha also provides advanced traders access to Zerodha Pi and offers investments such as mutual funds, bonds and IPOs across indexes such as NSE, BSE and MCX.
Keep in mind that Zerodha offers discount brokerage services, yet was designed to operate with minimum interference; its brokerage fee is either 0.03% or Rs.20, whichever is less.
Zerodha: India’s Premier Discount Broker. Get a comprehensive and detailed review here.
2. ShareKhan
One of India’s oldest stock brokers, Sharekhan has provided reliable advisory services and over sixteen years of experience in stock trading. While Sharekhan may fall on the more expensive end, its services and trading platforms such as Trade Tiger Mini make up for it in terms of services provided and cost (brokerage charges range between 0.5%-2.5% depending on type of trade).
3. Angel Broking
Angel Broking provides full-service brokerage, offering everything from advisory to discount brokerage services. They have more than three decades of experience and charge Rs. 20 per trade regardless of volume; offering Angel broking app for web and phone trading as well as Angel broking Speed Pro for advanced traders.
Check Out Brokers that Provide Bracket Orders as Well
4. 5Paisa Once an IIFL entity, 5Paisa has emerged as one of India’s major discount brokers. They offer three plans – Optimum, Platinum and Titanium – each with fees that range between 2 Rs to 20 Rs depending on transaction types and prices. Furthermore, 5Paisa boasts both computer based trading platforms (Trader Station Web and Exe) as well as mobile apps to facilitate trading activity.
Find here India’s best stock brokers: Find top stockbrokers India, Stock Brokers of India and best stockbrokers in India
5. Wisdom Capital
Wisdom Capital was one of the pioneer online trading platforms and still remains amongst one of the most cost effective plans, offering zero brokerage with one time account opening fee at Rs.999. They also have multiple terminal options such as FOX Trader Program, NEST Trader Program and mobile-based Wisdom Pro App that offer similar plans.
Also read up on Paytm Money Stock Broking as one of India’s emerging stock brokers:
6. ICICI Direct
No one would mistake ICICI as being synonymous with financial services, offering demat account services through their direct platform ICICI direct. Their research reports are extremely in-depth and offer multiple plans based on turnover or even prepayment brokerage plans – their only app supporting all devices being their Trader App.
7. IIFL This experienced brokering firm and ISO certified investment firm known as India Infoline Group also provides wide ranging services like wealth and asset management, investment banking and portfolio management – providing one-stop service at a price ranging from 0.50% to 70 Rs depending on which services are requested.
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Motilal Oswal is one of the premier names among Indian traders. Well-renowned for their extensive research reports on various sectors and industries – spending about 10% of revenue on research alone! Offering various plans with different brokerage rates according to trade volume.
Have a look at Best 3-in-1 Demat Account in India.
9. Kotak Securities
Kotak is one of India’s more expensive brokerages, but their services more than make up for this high price tag. Kotak invests its revenue heavily into research and technology-related ventures; their minimum delivery brokerage charge stands at 0.49% which places it towards the higher end among their peers.
10. Edelweiss Brokerage
Edelweiss Groups provides an array of financial products tailored for specific consumer segments. Since starting stock broking operations in 2002, the business has flourished exponentially – offering its services for over two decades and offering investment options such as stocks and mutual funds through its trading platform Lite and Elite plans with commission ranging between 0.03% and 0.3% respectively.
See also: What are the Best Trading Platforms in India?
Choose a Broker Carefully
Locating and selecting an appropriate stockbroker requires careful thought and consideration, rather than simply price comparison. Consult a financial expert as making the right choice can save time, money, and maximize capital gains.
Are You Searching for an Ideal Stock Broker in India? Look no further; our list contains them all! Please let us know of any additional discount brokers or full-service brokers from India which should be added via comments!
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