In share trading world, if you are looking to reap profits in quick time and want results in minutes, hours or days — then you are basically a trader.
On the other hand, if you are looking to put your money in the market on some trusted stocks and then hold the stocks for a long period for instance 6 months, 2 years, 10 years etc. Once you have made a choice on whether you are a trader or an investor, there are an array of expectations you might have from your stock broker, such as:.
ShareKhan is one of the oldest pioneers in the online share trading space in India. Although it has been sold out to BNP Paribas for Crores recently, there has not been change in focus post the acquisition. ShareKhan continues to boost on this brand equity built over last 16 years and has multiple trading platforms to offer to its customer base. ShareKhan is ranked 2nd in the Indian stock market industry and has presence in more than cities in India. They charge in the range of 0. One of the concerns with Sharekhan is its relatively high brokerage charges, which generally is the case with mainstream full service stock brokers.
This brand equity helps high scale customer acquisition at low cost. Due to its high brand value, ICICI charges high commission charges for the simple reason of trust factor inhibited among the user base. It charges in the range of 0. At the same time, it offers USPs such as 3-in-1 trading account , Classroom programs for learning share market, seamless integration with its trading platforms. ICICI has a total customer base of 2.
Check out their website for detailed information. However, a notch ahead, HDFC securities offers a one of its own kind 4-in-1 trading account. HDFC Securities has been around for more than 15 years and has high coverage with more than branches. HDFC also has desktop as well mobile trading applications. They have recently introduced a discount broking solution in the form of 5Paisa as well.
India infoline is majorly known for its wide offline presence, especially in North India. IIFL has a reasonable prominency in its research and offers regular tips, recommendations to its clients. Further, they have been putting good amount of emphasis in their trading platforms including IIFL Markets , which is their primary trading platform. It also charges INR as annual maintenance charges on a yearly basis. It also has multiple options when it comes to brokerage plans, IIFL offers variable options to its clients who can chosen a plan based on their trading segment preferences.
It offers one of the lowest brokerage charges in India at INR 10 per executed order. Furthermore, in terms of trading platforms — 5Paisa offers a decent perfoming mobile app to go along with web based browser application Trade Station and a terminal software.
One of the best parts of opening an account with it is that 5Paisa offers its clients regular tips and recommendations despite being a discount stock broker. No discount stock broker provides that luxury. The first 5 trades with 5Paisa are free and no brokerage is charged. Check out the complete review of 5Paisa here. Motilal Oswal or MOSL is one of the oldest full service stock broking houses in the country with its establishment in They have, majorly been looking at Institutional securities but have recently pivoted towards retail stock broking as well.
With different options, the choice lies with the consumer on how much brokerage charges to pay. Check out the complete review of Motilal Oswal here. Zerodha was the first discount broker in India with its establishment as recent as Like other high volume traders and investors, the CEO of Zerodha, Nitin Kamath faced the same concern of paying out high brokerage charges to the stock broker.
With Zerodha, he fixed this concern as Zerodha works on the flat rate brokerage model. Varsity is a full-fledge learning web app that guides beginners on the basic fundamentals of investing and trading in share market. Zerodha has a clear cut pricing model of INR 20 per transaction on Intra-day and no charges for equity delivery.
Zerodha charges INR while opening the demat account. Zerodha, however, does not allow you to invest in IPOs and its customer service is one area that still lacks maturity. Angel Broking is a well known full-service share trading company and has been in existence for the last 29 years.
Angel Broking charges commission in the range of 0. Angel Broking runs different offers for customers at different times of the year. Among other aspects, Angel broking also provides decent market tips, research and recommendations at both technical as well fundamental level. However, Angel broking has an average customer service to go along with few concerns around its mobile app usage.
Check out the complete review of Angel Broking here. For example, you can opt for percentage level brokerage 0. Working on the low brokerage business model, Trade Smart Online is known for its impeccable customer service which comes handy at crucial junctures such as high shift in the stock market or during heavy traffic times. Kotak Securities is another bank based stock broker that offers you a 3-in-1 demat account while cashing on its high brand equity gained through its banking services.
It has consistently put in its focus towards technology and its trading platforms across devices are few of the highest performing trading platforms in India. As far as brokerage is concerned, Kotak securities has a range of plans — including fixed percentage brokerage plans which are generally expensive as well as plans based on subscription charges. Kotak securities works well for heavy traders that need help in technical and fundamental analysis.
You can check detailed understanding of brokerage plans of Kotak securities here. All being said, Kotak securities is one of the expensive stock brokers when it comes to brokerage.
Check out the complete review of Kotak Securities here. This concludes the list of top stock brokers in India. Be wary of the offerings your share trading company opens up for you and understand in length how they are better than the competition. If you want thorough understanding and knowledge coming from the research team, make sure how their researchers are looked upon. Do they have regular presence on business channels among other things. If you are looking to test the waters, go with discount brokers because you will know how much money will be at stake while make the transactions.
Furthermore, if you need any assistance whatsoever, in finalizing a stockbroker for yourself or you need any advice on a recommended stock broker, you can provide your preferences and details below:. Your email address will not be published. Get a Call Back. How would you like to trade? Any other Preference s? No Comments Dec 3, No Comments Sep 21, No Comments Jan 6, Megha September 14, Reply. Vikram Rane December 21, Reply. Add a Comment Cancel reply Your email address will not be published.More...