Best Stock Broker in India
The Indian share market is a vast network having wide range of stock market products. That can leave you wondering for the best stock broker in India. To participate in the trading and investment zone one needs a reliable broker. People are already seen taking keen interest in the trading sector. Why not? One can best utilize their money by investing in the stocks instead of just keeping them in the bank account that hardly gives sufficient returns. If you trade in a correct way you can expect high returns for sure. The increasing scope of trading has resulted into the penetration of miscellaneous brokers. It causes congestion and makes it difficult for the traders to get the top share broker in India.
Due to the fact that many stock broking companies are occupying the large space in the broking industry, we felt the urge to come up with the creamy layer of brokers. That may help the investors achieve the crown of wealth by adopting new strategies. In order to determine the best share broker, the prevalent stock broking firms are adopting various measures. Some of the metrics that these stock brokerage houses carries are distinct enough like few are good in discounting brokerage rates, some are better in assisting the customers, some have really catchy tools of trading etc. The formula to follow the right base is still invisible to many traders. The specifications are all cluttered in one broker to another. The decent range of all the features in one stock broker seems to be still opaque. To find out the best online stock broker in India, go through the whole post we have given to help you out.
How to initiate while searching top brokerage firm in India?
First of all when consumers enter this sector, the sole purpose they bring with them to earn more and more. It gives the reason to take careful considerations while choosing the top class stock broker in India. To dig out the best share trading company define what kind of activity will you prefer? When an investor or trader is making a choice on the stock broking company to hire, here are some of the things they must understand.
SAVOR FEW TIPS FOR BEGINNERS TO STEP AHEAD IN THE STOCK MARKET
Are you an investor or a trader?
Being a trader, one urges to trade on the daily basis and make quick profits. While being an investor one just invests on the best stocks one finds and leave them for a certain time span to harvest the profit at the right time. In other words, you can get profit quick in a matter of minutes or days, when you behave like a trader. Even, in this you can do many transactions every day. In contrary, when you are putting your money in particular stocks and waiting for a period of more than 6 months to get the returns, you are an investor.
We are presenting the factors to be taken into account while being a trader or an investor.
|Profit and Loss||Need|
What to expect from a genuine stock broker?
After deciding the category you are in, it is the time to know the traits of best share broker, before you choose the right broker for yourself. Some of the expectations people keep with the prime broker in India include the following:
- Decent and customer-focused services.
- Education on investment and trading.
- Brokerage charges that are reasonable.
- Fine extent of financial instruments.
How to know if the stock broker is faithful?
It is possible to get carried away by the image a share trading company has created among the users. However, it is important to get deeper into the details of the stock broking company in order to know how trustworthy it is. Some of the factors to look for include customer reviews, remarks and the information on their website. Even the search reports they offer also give support to the clever observations.
List of Top 10 Stock Brokers In India
|S.No.||Broker Name||Active Client Base||Rating|
|1||Sharekhan||over 5 lakh||4/5|
|2||ICICI Direct||over 8 lakh||4.5/5|
|3||HDFC securities||over 6 lakh||4.5/5|
|4||India Infoline (IIFL)||over 2 lakh||4/5|
|5||5 Paisa||over 90 thousand||3/5|
|6||Motilal Oswal||over 3 lakh||4/5|
|7||Zerodha||over 5 lakh||4.5/6|
|8||Angel Broking||over 4 lakh||3.5/5|
|9||Wisdom Capital||over 1 lakh||4.5/5|
|10||Kotak Securities||over 4 lakh||3.5/5|
Top 10 stock brokers in India
We have given the list of prime share brokers here:
Sharekhan is among the old stock broking companies in India. It has boasted the working experience of 16 years in the sector. According to statistics, this brokerage firm has been ranked as the 2nd best stock broker in full time brokers. It has also established itself in 675 cities all over India. The company has several trading platforms for its clients and its charges range from 0.015% to 0.1%. These rates also vary according to the money margin scheme that the customer may choose.
The major challenge of this broking company is the high brokerage charges. These charges are collected from the customer as a result of the inhibited trust factor among them. 0.5% and 0.75% are the brokerage charges involved. Tools like trading platforms, seamless integration and share market tips are offered by the share broker. It also emerges on the peak positions among as a leading stock broker in India. This brokerage division has over 2 million users and it has more than 200 branches in India.
It is a broking branch of HDFC. It is among the few stock broking companies that offer 4-in-1 trading accounts. Stock broker gives the opportunity to trade with certain tips and reports. It has been in the sector for 15 years now and it has opened around 200 branches all over India. This traditional stock broker in India charges 0.5% commission. The company is popular for their factual information on trends in the stock market. But the it offers high brokerage charge that belittles its importance.
4.India Infoline (IIFL)
Being among the best stock brokers in India, IIFL has introduced a new segment as a discount broking branch. This stock brokerage firm is more dominant in the Northern parts of India. It also offers recommendations and tips to their customers as a part of stock market information. The company has been in the sector for long now. It gives its customers many alternatives to choose from when they look for the brokerage plans.
5 Paisa is one of the chief discount stock brokers in India. It had been a branch of IIFL earlier and became its own entity soon. As a name indicates it aims to offer low brokerage charges. However, there are stock brokers who cater trading services even on much lower brokerage rates than 5 Paisa itself. The account opening fees are fine merged with fact that first five trades are free of charge with it. The lucrative schemes are to attract more and more trades. You guys can check for the better discount brokers also if you desire cheaper rates.
6.Motilal Oswal (MOSL)
This is among the largest network brokers in the trading sector. It imparts multiple market product facilities like institutional broking, asset management, wealth management, investment banking, home finance, equities and commodity broking etc. Motilal Oswal also appears among the 3-in-1 account providers and best share brokers in full time category. It tries to maintain trust in users by contributing some add on product list. There is a separate platform for clients of the share broker to ask questions and get the related results on trading issues.
This company is recognized as the discount broking company and it was established few years ago. Today, the company is popular for its immense product innovations and decent digital initiatives. The share broker empowers the digital share trading. Besides the share brokerage firm in India has different trading platforms to implement the stock trading. It also provides guidance on share trading through some useful resources.
This full service share trading company was set up many years ago. That led to add a heavy client base there. It has good regional presence in India. It aids trading engine with best tools equipped with features like multiple market watch, real time quotes, news feed that gives predictions on the future of stock markets. In the broker’s treasures you may also find stocks, tips, recommendations and research findings etc. You can trade in derivatives, currency trading, commodities, mutual funds, life insurance etc. The traits make it emerge in best online stock broker list.
This is the first online trading company and the best stock broker in India. It is also the first company to offer free trading scope to the traders. The 3 brokerage plans are set by the firm and all have great benefits. The broker offers convenient pathway for the clients. And the clients are not required to pay any advance payments or any extra rates on a monthly or even yearly basis. They are safe to trade in all the major stock exchanges in India without worry or fear.
You can open 3-in-1 demat trading account with Kotak Securities. The trading platform offered by this company competes well with the other traditional brokers’ tools. The performance of the broker is also fine. The company has invested in technology. In contrary of the fact, the given plans for brokerage make it an expensive stock broker company in India.
Choosing the best stock broker in India may be a difficult thing in the starting. Due to the plentiful brokerage companies which are already established in this industry. Above given directory of brokers is a carefully selected list having top 10 stock brokers in India. It is presented to assist you about the properties found in the top stock broker. All the top share brokers in India listed above are legit and offer the best trading services in India.