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Best Brokers for Trading in India

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  • Best Brokers for Trading in India

    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.

      1. Trading Charges

      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.

        Top 5 Discount Brokers in India

        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.

      2. Customer Service

      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.

        Top 5 Brokers by Customer Service

        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

      3. Call n Trade 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..

        Top 5 Brokers by Call and 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 .

      4. Trading Platforms & Tools

      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.

        Top 5 Brokers by Trading Platform

        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

      5. Margin Offering

      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.

      6. Transaction Charges

      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.

      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. All full service brokers are providing all major services.

        Top 5 Brokers by Investment Offerings

        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

      8. Banking Transactions

      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.

    Final Conclusion

    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.

    Last updated on 31st Oct 2019

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  • User Reviews

    avatar
    11. Rishab Sep 26 2020 01:38:26 PM Reply
    Balaji Financial Services Rohtak | Brockers in Rohtak | Shares in Rohtak | Finance in Rohtak
    Stocks
    avatar
    11.1. Arpir Shrimal Jun 08 2021 11:06:02 AM
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    Mob. No. 9826160060
    Email ID: Email

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    avatar
    10. Nikhil May 15 2019 03:00:10 PM Reply
    In olden days ICICIDIRECT, HDFC was good but with technology now changing the very day the discount brokers are catching up very fast. Their platform is fast and very convenient. On top of that Mobile Apps of Discount brokers are too good simple and lightning fast.

    I personally loved the App and Facilities provided by Upstox.

    There charting software and reports are much better than other brokers.
    avatar
    9. bhargab Sep 01 2017 05:38:54 PM Reply
    I want to know icici''s emargin brokarage and other charges .. also how many times they offer margin ...
    avatar
    8. Santosh K Feb 23 2016 08:23:59 AM Reply
    Is Zerodha providing Free call n trade service?
    avatar
    8.1. Sandeep Feb 24 2016 01:19:51 AM
    No,Zerodha charge rs 20 for each call and trade order.
    avatar
    8.2. Mohd Zain Feb 24 2016 09:41:05 AM
    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.

    avatar
    8.3. Trinadh May 30 2017 04:12:44 PM
    Yes
    avatar
    7. Nasir Mar 26 2017 02:19:01 AM Reply
    I am not sure if trading is legitimate in India.
    avatar
    6. Manoj Savaliya Aug 01 2016 05:11:00 PM 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.
    avatar
    5. Kinjal Jain Jul 08 2016 05:55:49 PM 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
    avatar
    4. arnab May 21 2016 03:08:37 PM 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
    avatar
    4.1. vijay Jun 02 2016 09:22:14 AM
    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.
    avatar
    3. Vijay Feb 24 2016 08:24:56 PM Reply
    Does SAS Online provide margin against Share i have in my DP? if Yes, Then how much?