Best Brokers for Trading in India

Posted on 21st Feb 2016
by Admin


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Investors should know the best brokers for trading in India before choosing their option. The following article elaborate top share brokers' offering to their investors. Some share brokers are known for their customer service while others are known for low brokerage or flat fee brokerage charges or powerful trading tools or service offerings. This guide will highlight some of the best brokers for trading in India with tips and advice for selecting a new broker.

1. Trading Charges

What does it cost to do a trade? Does the fee charged based on % of transaction or fixed amount per executable order or monthly charges? To keep it simple, look for brokers that offer flat fee trades or fix monthly charges regardless of the size of the order. Discount brokers are the best brokers for trading in India to meet this requirement.

Best Brokers by lowest brokerage and transaction charges

2. Customer Service

How a investor/customer is treated as a client is important in this competitive market. When client needs help from broker, the broker's prompt response leads him to hold the existing customer. Basic phone, email support is very important with quick and accurate answer from well-trained customer service representative. Other features like online tutorial, online questionnaire, online discussion forum, live chat are ad-on services. Discount brokers are going towards more online help to reduce traffic on email and phone support, which is good in one way to avoid answering recurring problems.

Best brokers by Customer Service

3. Call n Trade Service:

Mode of trading is very important.Most of the brokers are changing their mode of trading from desktop base trading platform to web and mobile app base trading. Still in India people love to use traditional style of call n trade, which is the most easy and fast way of trading. Most of the discount brokers are charging for call n trade service, where full service brokers are providing free call n trade service.

4. Trading Platforms & Tools

Satisfaction between broker and investor is depends completely on how easy and effective one can do his trading. Best brokers should offer robust and stable tools. As demand of mobile apps and web base trading terminals is increasing, it's very important for brokers to provide low bandwidth, customer friendly and fastest platform. For active traders, execution speed and fill price are very important.

Best brokers by trading platform in India

5. Margin Offering

Margin offering from broker is a key requirement for active traders. How much margin one can trade on and what are the terms and conditions? Does your acquired securities are part of broker's margin trading list or not? Does broker provide margin against share in your demat account? One sould know answer to all these questions before heading to choose a broker.

6. Transaction Charges

Again, each broker can define their own transaction charges and its very small amount ( Approx 350 Rs Per Crore), but still this makes big difference for active traders.ProStocks is charging lowest transaction charges across all Discount brokers, they are not charging PCM fee which is major differance for Options trader.

7. Investment Offerings

A stock broker should offer access to not only trading in equity, but also a strong selection of mutual funds, ETFs, IPO's, Bonds, commodity trading and research reports. Nearly all full service brokers are providing all major services, however discount brokers are only providing trading service at this moment. They are not providing MF, Bonds, IPO's services.

Best brokers by Investment Offering in India

8. Banking Transactions

Banks that have brokerage services are the ones who offer 3-in-1 accounts, which is banking, trading and demat account all in one. However all other brokers are just providing 2-in-1 service which is trading and demat account. In such a case how effective banking transaction facility is, how much time it will take to do banking transaction and charges, all need to be considered while choosing a broker.

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User Comments

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12. Santosh K  Feb 23, 2016 7:23:59 AM IST Reply
Is Zerodha providing Free call n trade service?
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12.1. Sandeep  Feb 24, 2016 12:19:51 AM IST
No,Zerodha charge rs 20 for each call and trade order.
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12.2. Mohd Zain  Feb 24, 2016 8:41:05 AM IST
Yes Zerodha and SAS both charges are same for Call and Trade Rs. 20 butt SAS overall charges are less than Zerodha .

SAS per trade 9+20= 29 )
Zerodha per trade 20+20= 40 )

So SAS is better compare to Zerodha.

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12.3. Trinadh  May 30, 2017 3:12:44 PM IST
Yes
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11. Vinay  Feb 24, 2016 12:20:52 AM IST Reply
Are there any hidden charges for SAS online 999 Rs Monthly Plans?
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11.4. Mohd Zain  Feb 24, 2016 8:24:44 AM IST
Sir,
There are no hidden charges in SAS Online Rs. 999 plans. if you don''t any trade in a month then no SAS will not charge any single rupee and if your turnover is less than 40000 then SAS will charge less than Rs.999

SAS Trade Partner offering lifetimes free demat account, NO AMC and Zero Account Opening Charges, with “ZERO Brokerage Trading Account “for NSE, F&O, BSE, MCX and Currency Trading.
Plan 1: Unlimited trading @ Rs.999 per month NSE / F&O / BSE / MCX
Plan 2: Unlimited Trading @ Rs.499 per month in “ CURRENCY ”
Plan 3: Trade @ Rs.9/- Per Order or (0.01% for intraday or 0.1% for delivery whichever is lower it means brokerage will not charge more than Rs.9/- Per Order maximum brokerage will charge Rs.9/- Per Order or less.)
•      Free trading software for computer.
•      Free trading App for mobile.
•      Free online trading platform for web browser.

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10. Vijay  Feb 24, 2016 7:24:56 PM IST Reply
Does SAS Online provide margin against Share i have in my DP? if Yes, Then how much?
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9. arnab  May 21, 2016 2:08:37 PM IST Reply
I am a newbie to this stock lets call student i want invest as young.I have less fund still intrested but i am confused whome shall i chose a full service broker or a discounted one .I liked SAS online for its charges but i am unaware of its customer services.Do they provide app for trading ,can i trade from tablet as a student what are the documents required for getting into trading whats the procedure to approach online
where shall i invest what is the minimum fund required
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9.5. vijay  Jun 2, 2016 8:22:14 AM IST
Yes, You can Mobile App to trade, almost all the brokers now a days providing Mobile Apps. Now a days you dont need minimum fund to start your trade. You can start trading as low as Rs 1000 or so on...Broker don''t require any minimum account balance.
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8. Kinjal Jain  Jul 8, 2016 4:55:49 PM IST Reply
I feel Angel Broking is the best stock broker beca The Angel Group is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and the two leading Commodity Exchanges in the country: NCDEX & MCX. They are also registered as a Depository Participant with CDSL.

Angel Trade Brokerage Charges 2016

Account opening fees:
Stock trading account – Nil
Demat account – Nil
Annual Maintenance Charge- As per Account type
Commodity trading – Nil
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7. Manoj Savaliya  Aug 1, 2016 4:11:00 PM IST Reply
About us
Premium Master Franchisee of Angel Broking

SAVALIYA BROKING

We are one of the premium Master Franchisee with Angel broking

we have been successfully helping our clients & advising them for the trading/investment purpose.

We have won the 2 award 2015 and 2016 of major volume in commodity segment in Angel Broking Gujarat region.

we believe in service truly personalized.
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6. Nasir  Mar 26, 2017 1:19:01 AM IST Reply
I am not sure if trading is legitimate in India.

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Flat Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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