Best Stock Broker In India
In this article, We have listed Best stockbroker in India (Latest) as most of the people are looking for opening a demat & trading account. Our expert panel team has done vast research to find the best stock broker for your trading & investment needs.
If you think logically you are not only opening an account with a stockbroker. Actually, you are building a relationship that will help you to achieve your financial goals so it’s better to choose your broker wisely.
Zerodha
Zerodha is one of the best stock brokers for beginners who are newbie & want to do trading & investing in a stockbroker. Zerodha trading platform is very simple & user-friendly.
They also have a platform known as Zerodha Varsity which offers high quality free educational resources pertaining to the stock market. Zerodha varsity platform can help beginners to learn the stock market from scratch.
Zerodha is a technology-focused stock brokerage firm founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. Zerodha has a discounted pricing model. They offer zero brokerage on equity delivery & intraday trading at ₹20 per executed order or .01% (whichever is lower). Zerodha also provides free direct mutual fund investment.
- Free Investment (No Delivery Brokerage)
- Free Mutual Fund Direct Investment
- Advanced Charting and UI
- Offer 3 in 1 Account
- Low Brokerage & Charges
- Support is not up to marks
- Server Down issue during volatility
Zerodha has beaten down other top brokers likes ICICI Securities, HDFC Securities, Sharekhan and Motilal Oswal. They contribute 15% of daily retail volumes across Indian stock exchanges. Zerodha achieved this mark by just under 10 years.
In 2014, Zerodha had 17,500 clients trading on the NSE. As of now, Zerodha is the largest retail stockbroker in India both by the number of active clients & the trading turnover on the exchanges.
Zerodha User choice
Upstox
Upstox gives you far better service than any other discount broker at a discounted rate & one of the best discount broker in India. There are many benefits of trading with Upstox over any other brokerage firm in India.
All discount broker is going with the same concept but Upstox provides an extra edge. You’ll never become wrong if you choose it over Zerodha. Actually, zerodha first came into the market that’s why it’s established now. Upstox try to overcome the problem that the retail trader was facing at Zerodha.
- Fully digitized sign-up process
- All exchanges in one platform
- Most liked trading app with 4.4* rating
- Precise and fast market data.
- Zero Delivery Brokerage
- Bracket order in MCX available
- Free Mutual Fund Investment
- Stable & reliable platform
- Advanced Charting and Options Trading
- Offers NRI trading
Upstox funded & backed by World investor Mr. Ratan Tata. Upstox is known for the world-class trading platform.
However, Upstox offers you features such as margin trading facility (MTF), which allows traders to leverage their cash and trade in a much larger amount. This facility is not available with most of the discount broker, even a few brokers who provide MTF facilities don’t have pricing at such a discounted rate.
In Margin Trading Facility you get funding from Upstox, Suppose you have 50,000 money in your upstox account & you can purchase stocks up to 1 lakh rupee in delivery.
Upstox Editor choice
Upstox Pro mobile app on Google Play store is also the highest-rated (4.4 Star Rated) App compared to its peers. In case if you use to trade over mobile then Upstox can be a better option for you.
Upstox allows you to place ZERO brokerage trades for Equity delivery and only charges 01% whichever is lower ₹20 (Maximum) for other segments such as Futures, Commodity, Currency etc.
Upstox also offers free direct mutual fund investment. They have also offered another brokerage plan for those who want a higher margin.
Sharekhan
Incorporated in February 2000, Sharekhan charges much more than its competitors but provide fantastic trading platforms, Mobile apps, Education Platform, branch network & much more. You can also read our review of Sharekhan.
No posts for this criteria.Sharekhan doesn’t offer a 3-in-1 account as it doesn’t provide banking services. They charge brokerage based on % of the total turnover value which is higher in comparison to flat fee brokers.
The main problem we face is that higher broker & other charges all Margin profit goes to sharekhan. If you haven’t a problem with brokerage then you can also opt for Sharekhan.
- Fully digitized sign-up process
- All exchanges in one platform
- Most liked trading app with 4.4* rating
- Precise and fast market data.
- Zero Delivery Brokerage
- Bracket order in MCX available
- Free Mutual Fund Investment
- Stable & reliable platform
- Advanced Charting and Options Trading
- Offers NRI trading
5paisa
5paisa is Mumbai based Premium Discount Broker offers Online Trading in Stock Markets & part of India Infoline (IIFL). 5paisa is a discount stock broker that provides a wide variety of products as a stock market investment, Mutual fund, Insurance & much more. 5paisa charges a flat fee of Rs.10 per trade but point to keep in mind is that they didn’t provide free delivery trades.
5paisa
Even customer service support needs to be improved but if you are looking for the lowest brokerage for your trades then definitely 5paisa can be a better option for you.
- Lowest Brokerage
- Provide a wide variety of service
- Backed by IIFL
- No Real-Time Data (Website is extremely Slow to respond)
- High Offline Order Placing Charge (Rs. 100)
- Mobile App needs improvement
- Other Higher Charges
ICICI Direct
In ICICI Direct you get a single 3-in-1 integrated account-interlinking Demat, Savings, and Broking accounts-spells ease and convenience. Your ICICIdirect e-Invest account is more than a brokerage account.
It offers you a unique 3-in-1 feature, which integrates your Brokerage, Bank and one or more Demat accounts. You will be guided at every step by Relationship managers and Equity advisors.
ICICI Direct
Icici direct charges 0.55% brokerage which is highest in stockbroker Industry but you can’t deny that in return they do provide the best service & amazing platform but still, 0.55% is enough to eat your profit.
You also have to pay GST on charges on this brokerage which also leads to higher GST due to Higher brokerage.
- Advanced & also Reliable Trading Platform
- Dedicated Research & Advisory services
- Offer 3 in 1 Account Services
- Invest in Mutual Funds, G-Securities Bonds, and Postal Savings Schemes from one platform.
- Shares as Margin- You can trade using your demat holding as a margin.
- Margin Trading Facility for Upto 3X
- High Brokerage
- Don't Offer Commodity Trading
- Penalty for non-maintenance of minimum monthly
- Every month Customer has to pay ₹ 75 for using trading terminal if the brokerage is less then ₹ 750 per month.
- Minimum brokerage is ₹ 35 per trade
- After first 20 free calls charges ₹ 25 per call for call & trade
However, I do appreciate their platform only problem is with Brokerage & higher charges.
These above-mentioned brokers are the best stock broker in India. If you are looking for customized broker use our advanced filter &
In case, if you are looking for our free expert advice for broker advice, you can arrange a call back directly.
