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Investors should know the "best stock brokers for trading in India" before opening a trading account. The following article elaborate "top stock brokers offering" to their investors. Key factors need to consider are customer service, product offerings, trading charges and platforms. Other factors are service which includes call & trade, margin offering, advisory services & tips.
This guide will highlight the best brokers in each category.
What does it cost to do a trade? Does the fee charged based on % of transactions or flat fee? To keep it simple, look for brokers that offer flat fee trades or fix monthly charges. The discount brokers are the best brokers for trading in India to meet this need. The broker should have a clear policy on trading charges. Be aware about the hidden charges or minimum brokerage charges.
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Zerodha | Zerodha -Free Delivery Trades and Maximum Rs 20 Per Executable Order for all other segments including MCX.Number 1 discount broker in India. |
4.5/5 SignUp |
| 2 | 5paisa | 5paisa - Rs 10 Per Executable Order in any segment. Number 2 discount broker in India. |
4.5/5 SignUp |
| 3 | Upstox(RKSV) | Upstox - Rs 0 Delivery Trading and Maximum Rs 20 Per Executable Order for all other segments including MCX. |
4.0/5 SignUp |
| 4 | SAMCO | SAMCO - Maximum Rs 20 Per executed Order. |
4.0/5 SignUp |
| 5 | Fyers | Fyers - Max Rs 20 Per Executable Order |
4.5/5 SignUp |
In summary, discount brokers are offering trading facilities with Max Rs 20 Per executed orders in all segments. Services offered by Discount brokers are DIY "Do It Yourself". The broker provides you the best trading platform and mobile app. You need to make your transaction by your own.
Best Brokers by lowest brokerage and transaction charges.
Customer Support is important. How they get a quick response in case required any help from a 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. Well-trained customer service representatives are the key. Other features like online tutorials, questionnaire, discussion forum, live chat are ad-on services. The best solution is to build an online library of recurring problems to provide quick help.
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Zerodha | Zerodha - Best customer support and online library. For beginners Zerodha has invested heavily in education tutorials.. |
5/5 SignUp |
| 2 | Sharekhan | Sharekhan - Quick resolution of query time and trading workshops. |
4.5/5 SignUp |
| 3 | SAMCO | SAMCO - 100% online discount broker have best in call customer support team. |
4.0/5 SignUp |
| 4 | Kotak Security | Kotak Security - Live chat and video tutorials.. |
4.5/5 SignUp |
| 5 | Fyers | Fyers - Strong online knowledge base, phone call and email support. |
4.0/5 SignUp |
Best brokers by Customer Service
Mode of trading is very important. Most of the brokers are changing their mode of trading from a desktop trading platform to web and mobile app 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..
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Prostocks | Prostocks - Call and Trade charges Rs 10 per executed order, chepest in discount brokers. Order closed by Prostocks RMS team are charged as Rs 10 per order. |
5.0/5 SignUp |
| 2 | Zerodha | Zerodha- Call and Trades Charges Rs 20 for each executed order. Order close by RMS team are charged as Call and Trade. |
4.5/5 SignUp |
| 3 | Fyers | Fyers-Call and Trades Charges Rs 20 for each executed order. Square off orders by RMS team also charged Rs 20.. |
4.5/5 SignUp |
| 4 | Upstox | Upstox-Call and Trades Charges Rs 20 for each executed order and square off orders by RMS team.. |
4.5/5 SignUp |
| 5 | SAMCO | SAMCO- Call and Trades Charges Rs 20 for each executed order. Order close by SAMCO RMS team are charged as Call and Trade. |
4.5/5 SignUp |
Call and Trade facilities are very important factor. Even though users don't need to use this facility frequently, but in terms of unavaiblity of Internet or any issue with your mobile or laptop, you can avail call and trade facility .
Satisfaction between broker and investor is depends completely on how easy and effective one can do his trading. The brokers should offer robust and stable trading platform. As the demand of mobile apps and web base trading terminals is increasing. It's very important for brokers provide low bandwidth, customer friendly and fastest platform. For active traders, execution speed and fill price are very important.
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Zerodha | Zerodha Kite is the best trading platform and mobile app. Easy to use and complete solution as desktop trading platform. |
4.5/5 SignUp |
| 2 | Upstox | Upstox Pro is inhouse developed trading platfrom with all the required feature on web and mobile app.. |
4.5/5 SignUp |
| 3 | IIFL | IIFL Trader Terminal is a world class trading tool. |
4.0/5 SignUp |
| 3 | Sharekhan | Sharekhan Trade Tiger is the best trading platform in India Stock Market. |
4.0/5 SignUp |
| 5 | SAMCO | SAMCO STOCKNOTE trading app from SAMCO, award winning mobile app.. |
4.0/5 SignUp |
Best brokers by trading platform in India
Margin offering from a broker is a key requirement for active traders. How much margin one can trade on? What are the terms and conditions? Does your acquired securities are part of the broker's margin trading list? Does the broker provide margin against share in your demat account? One should know the answer to all these questions before heading to choose a broker.
Each broker can define their own transaction charges. But still this makes a big difference for active traders. ProStocks is charging lowest transaction charges across all Discount brokers. ProStocks is not charging PCM fee, which can make a major difference for Options trader.
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. All full service brokers are providing all major services.
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | ICICIDirect | ICICIDirect except commodity trading, they offer each and every service to its client.. |
5.0/5 SignUp |
| 2 | Zerodha | Zerodha Invest in equity, ETFs, Bond, Direct Mutual Funds, Currency and Commodity Trading. Complete range of product offered by Zerodha. |
4.5/5 SignUp |
| 3 | 5paisa | 5paisa allow you to trade in equity, derivatives, currency & commodity. Investment options in Direct Mutual Funds, Bonds, NCD, ETFs. Insurance and Personal Loan service also offered by broker.. |
4.5/5 SignUp |
| 4 | Sharekhan | Sharekhan complete range of investment offering including ETFs, Bond, Mutual Funds, Currency and Commodity.. |
4.5/5 SignUp |
| 5 | Angel Broking | Angel Broking trade in equity, F&O, currency and commodity. Invest in MF, Bonds, PMS Seervice, Research and many more.. |
4.5/5 SignUp |
Best brokers by Investment Offering in India
Banks that have brokerage services are the ones who offer 3-in-1 accounts - banking, trading and demat account all in one. All other Full Service brokers are providing 2-in-1 service. In such a case, how effective banking transaction facility is? How much time it will take to do banking transaction and charges? All factors need to be consider while choosing a broker.
When you choose your trading or Investment partner, brokerage is not only a criteria. You need to check all other factors like customer service, Call and Trade facility, Trading Platform and type of Investment you want to do. In Discount brokers Zerodha, 5Paisa, Upstox, SAMCO & Prostocks can be considered. In full service brokers ICICIDirect, Sharekhan, Angel Broking & IIFL for your Investment needs.
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