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Top 10 Online Brokers
Welcome to top 10 online brokers in India, Here you can compare Indian stock brokers listed in NSE, BSE, MCX, NCDEX, CDS segments. It will help you to choose the right broker depending on your needs with respect to cost involving in trading. Brokerage is charges taken by the broker for executing your orders over the exchange and it varies broker to brokers. Some brokers offer free brokerage in all segment to encourage retail investors to invest in stock market. Needed to understand the advantage of low or free brokerage . brokerage decides breakeven points that are entry and exit in the market. Margin required to trade any segment, as the stock market is all understanding of multiplication of all correct and incorrect decisions, The more you do with margin trading the easier to earn profits with others money as high risk lies on brokers end and lower risk on your side.Software plays a major role in the trading stock market, How fast and easy to navigate between your needs. Customer Support is a key factor to saving risk when there is high liquidity in the stock market. Profits depend on the taking position in the market (buying/selling) at the correct price. Buy at less and sell at more. There is nothing in the market that guarantees.
Things to Consider While Selecting a Top Stock Broker
- Zero Account Opening Charges
- Lowest Brokerage Charges
- Excellent Customer Service
- FREE Software (i.e. Terminal)
- Hand Holding (For Beginners)
- FREE Tips & Reports
- Low AMC Charges /No AMC charges
Understand Things to Start a Trade
Every individual wants to earn money for fulfilling their wishes or wants to have future endeavors and to understand this what is stock market Not all people entering to stock market becomes rich and neither everybody gets bankrupt it is just a game where money flows from fewer knowledge people to the wise man. It is just like a market where you buy anything at lower price and selling at higher price. If you are the small trader you will have to wait for the right time and opportunities to make the profit. Understanding the market will be a primary focus. The more you understand market the easy is to make profits and how to eradicate all major risks.
Steps to be Taken Before Selecting a Stock Broker
Go with your requirement what exactly needs you in brokers. there are lots of brokers listed in exchange providing services to all over India.Broking is totally distributed online as well as offline. Online is for the people who are technology friendly and use laptop mobile and for them Discount brokers are more useful to trade providing online trading platforms as well as the reporting tool to track their trades. You do not need to meet the broker and all your work will be completed online from account opening services to contract notes. But you will have to depend on your own strategy and trading experiences or you will have to subscribe to services. Where on Offline trading is to do with traditional brokers who charge high brokerage offering you all services like 3 in 1 Demat account having all features saving account Demat account and trading account. The broker will provide you tips and advisory along with terminal and they can provide a separate relationship manager who will be helping you to keep growing your money.
- Check your requirement: – Just like you do shopping you need to filter your needs, focus on your needs what do you need and separate choices to make decision .how do you want to trade on software, mobile or web application.
- Choose a broker with high in demand and reputation: – Broker high in demand offers you more services than the brokers who are obsolete. Multiple brokers who have a number of clients justifies that they have been successful in delivering services so far with fewer complaints. Check who is trending.
- Be aware of miscellaneous fees: – Check the share or stock trading broker who charges how much if you are able to survive if you even if you do not make the trades. And how much is your portfolio safe so that nothing gets sold off. Other than brokerage charges what all charges you are paying.
Who is the Best Stock Broker
You need to understand this first to start trading, Does your broker satisfies your needs of investor and traders. Did you receive following things properly which are the factors of growth in the stock market?
- Trade Commissions: Low trade commissions/Brokerage are biggest advantages to exit your positions. It will bring your breakeven point lower. that will help you to make easy profits as well if you make more trades more chances to make profits. A number of profits increase the probability of making profits more. The biggest expenditure you are making is your brokerage. Brokers providing free brokerage or 0.00 % brokerage in all segments like Wisdom Capital is more suitable for investors and traders and is ranking above like zerodha (free only equity delivery ). Rksv (free only equity delivery ) and many other brokers.
- Customer Service: Are you spending your own cost to communicate to customer care or you have got a tollfree number. When you call to customer care it means you seek help. Now there is a point how good you are being served there if you are not being served properly means you are not going to get a good experience. Award-winning service is good customer support
- Trading Tools: – Now you need a place where you can apply your strategies to make money and how good is it. The trading terminal is as much important to a trader like a gun to the hunter. the best you have in your hand the easy is to see stock market. The more market is visible to you is easier to make money in stock market. Advanced trading platform means there should be good charts and how fast is your order getting executes. Millions are counted by 1 drops. From real-time streaming quotes to the mobile app is more necessary.
- Account minimums: – This is the minimum amount required to keep in the trading account to avail more limits. This is not good for a trader or investor because nobody knows when is your bad day. Even people earn from rupees to millions. Every individual must be treated on the same scale.
- Other Fees: – Things like service taxes, security transaction charges, transaction charges, stamp duty all those things should be kept in mind as these charges vary broker to broker. Trades you make happens in lakhs and some percentage may be hard to pay sometimes. Also if you keep on counting such things it will be a lot of the lifetime.
- Market Research: – If you are getting market research from your broker’s it doesn’t mean he loves you a lot. I t means he is expecting you trade more over the exchange. But if you are getting updates definitely it means you are updated. Simply watch them few of them to make an experience.
- Investment options: – A full fledge broker allows you to not only trading stocks, but also a strong selection of no-load mutual funds, ETFs, and complex options. Many brokers offer commission-free ETFs as well. Other unique investment offerings to look for could include direct market routing, conditional orders, futures options trading and forex trading.A mutual fund is also the almost safe investment.
Top Discount Brokers
|Wisdom Capital||Free||Lifetime Free||0.00 in all NSE, BSE F&O. MCX & NCDEX all segments.||Open Account in 2 minutes|
|Zerodha||Rs 200||400/Year||Rs 20 or 0.01% whichever is lower.||Open Account in 2 minutes|
|Upstox||Rs 200||400/Year||Five trade free every month. Rs 20 per trade after that.||Open Account in 2 minutes|
|Samco||Rs 300||400/Year||Rs 20 or 0.01% whichever is lower.||Open Account in 2 minutes|
|SAS Online||Rs 400||500/Year||Rs 9 per trade.||Open Account in 2 minutes|
|TradeJini||Rs 300||400/Year||Rs 20 per trade.||Open Account in 2 minutes|
|Trade Smart Online||Rs 400||300/Year||Pay maximum of Rs 15 per order.||Open Account in 2 minutes|
|TradePlus Online||Rs 300||400/Year||Unlimited commodity brokerage for Rs 99/Month.||Open Account in 2 minutes|
|My Value trade||Rs 300||350/Year||Rs 10 per Trade.||Open Account in 2 minutes|
|5 Paisa||Rs 150||400/Year||Rs 10 per Order.||Open Account in 2 minutes|
Indian Full Service Brokers
|Motilal Oswal||Rs 550||Rs 900||.5 – .9%||Buy – Nil
Sell – .25% to .4%
|Angel Broking||Rs 350||Rs 300||.50%||.06%|
|Kotak Securities||Rs 750||Rs 50||.59%||.06%|
|Geojit BNP Paribas||Rs 800||Rs 400||.30%||.03%|
|HDFC Security||Rs 999||Rs. 550||Higher of 25 or .5%||Higher of 25 or .05%|
|IIFL||Rs 750||Rs 450||.50%||.05%|
|ICICI Direct||Rs 975||Rs. 500(mail statement)
Rs 450 (email)
|Bonanza||Rs 600||Rs 275||.50%||.05%|
|Ventura||Rs 1000||Rs 400||.45%||.05%|
|IDBI Paisa Builder||Rs 700||Rs 350||.50%||.08%|
|Indiabulls||Rs 1350||Rs 450||.30%||.05%|
|Reliance Money||Rs 950||Rs 210||.30%||.035%|
|Religare||Rs 499||Rs 300 (email)
Rs 480 (paper statement)
|SBI||Rs 500||Rs 386||.75%||.05%|
|SMC India||Rs 499||Nil||.30%||.03%|
|Canmoney||Rs 200||Rs 200||.35%||.01%|