Top 10 Best Stock Brokers in India for Share Market Deals
Here is the list of Top 10 Best Stock Brokers in India for Share Market Deals. Stock Brokers deals with buying and selling of stocks and other securities for both retail and institutional clients through a stock exchange or over the counter. This is done in return for a fee or commission. There are many types of Stock Brokers and you have to well choose before selecting one. Stock Brokers are mainly Full service or discount brokers type. While choosing a Stock Broker consider these things.
Zerodha is known as one of the largest and oldest Discount broker in India. They have more than 50,000 clients. Key attraction of the provider is simple brokerage structure (Rs 20 per trade) and good customer service. Easy opening process and online completion of work are the key features. This discount broker have own Proprietor trading/charting software caller Pi. This is best for writing custom algorithm. This is the first one who brought the discount brokerage concept to India.
This is another well known discount broker operating from Mumbai. They have almost 20,000 clients in India. RKSV offers competitive rates of Rs 20 per trade irrespective of the size of the trade. Provision of NEST and ODIN platform for trading is the key attraction. The new mobile based platform called Upstock from RKSV looks great. Their account opening process is also very easy with simple online completion of work.
Fyers is one of the well known discount Brokers in India. They provide brokerage rate of .1% for delivery and .01% for intraday. Their brokerage is capped at Rs 100 per trade. They offer one the the best trading platform for works. Key attraction is ZERO account opening charges.
4. Angel Broking
Angel Broking founded in 1987. Now this is one of the most respected Stock-Broking and Wealth Management Companies in India. They have huge network of Branches and Franchises including More than 900 cities and 8500 Franchises. You can use their Trading platforms for the device of your choice. There are more than more than 10 lakh clients for this company.
5. ICICI Direct
This is one of the biggest and best know full service stock broker in India. Key attraction is the easy to use user interface. ICICI Direct offers brokerage varies from 0.55% to .20% depending on the value of trades. This is integrated with your ICICI bank account so transfer/withdrawal of funds is really easy and quick. “valid till cancel” and even T+90 trading in BSE segment are key attractions.
6. Motilal Oswal
Motilal Oswal is one of the oldest and reputed brokers operating in India. This is one of the full service brokers offering high quality financial service to the customer. Various advisory service provided by them is well known and very useful. More than 8 lakh customer trading with them.
ShareKhan founded in February 2000. Now this is ndia’s 2nd largest stock broker as per number of customers. Their online trading website Sharekhan.com is the key source of providing brokerage services. They have 1950 Share shops with branches & Franchises in more than 575 cities across India. This full service broker offers various other services like asset management.
8. HDFC Security
HDFC Security is one of the larger broking houses in India. They offer one of the largest network for deals which is only after ICICI. If you have a bHDFC bank account, surely you will end up with opening a trading/Demat account with them. research desk, mutual fund investments and portfolio management services are the key attractions of this company.
9. Kotak Securities
The well known Kotak Securities founded in 1994. This is subsidiary of Kotak Mahindra Bank and works collaboratively with Bombay Stock Exchange and the National Stock Exchange. They have 11.95 Lakh customer accounts and deals with over 5 lakh Lakh trades per day. This is also a depository participant with NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited). Among 400 cities in India, they have 1209 branches, franchisees and satellite offices.
10. Reliance Securities
Reliance Securities is the broking arm of Reliance Capital. This is India’s leading retail broking houses offers access to equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs. They assures secure online trading platform & investment activities in a cost effective manner. Offline trading, live Chat, Call and Trade, Branch Dealing Desks and network of affiliates are the key attractions of this company.