Being a veteran in any field forms a true base, that is rarely found elsewhere. Depending upon the above statement many stock brokers claim to be among the top share 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 involved in trading. In order to deploy in the direction of your trade, you must contemplate some of the key factors of online stock broking. Brokerage is the charge taken by the broker for executing your orders over the exchange and it varies broker to broker. Some brokers offer free brokerage in all segments to encourage retail investors to invest in stock market. Brokerage decides breakeven points that are entry and exit to the market. Margin required to trade in any segment, as the stock market is all about understanding the manipulation of all correct and incorrect decisions. The more you continue with margin trading, it will be easier for you to earn profit with other’s money as high risk lies on broker’s end and lower risk lies on your side. Software plays a major role in the stock market trading. How fast and easy to navigate between your needs. Customer Support is a key factor to hinder risk when there is high liquidity in the stock market. Profit depends upon 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.
|Brokers||Company Name||Brokerage Charge||Trading Platform||Mobile App||Leverage/ Exposure||Customer Support||Overall|
|Wisdom Capital||0.00% in all segments||2||2||1||1||1|
|Trade Smart Online||Rs 15/executed order||5||7||3||2||2|
|Zerodha||Rs 20/executed order||1||1||6||3||3|
|Upstox||Rs 20/executed order||3||3||7||7||4|
|5Paisa.com||Rs 10 Per executed order||10||4||5||10||6|
|Samco||Rs 20/executed order||7||6||2||9||7|
|Motilal Oswal||0.05% for Intraday & 0.5 for Delivery||8||8||9||6||8|
|ICICI Direct||0.03% for Intraday & 0.3% for Delivery||9||10||4||5||9|
|Angel Broking||Equity Intraday 0.05% & Delivery 0.25%- Negotiable||6||9||10||8||10|
As we know, there are innumerable stock brokers in India. They all have the aim to be at the confluence of cutting edge technology and financial segments. These share brokers are further divided into two categories.
Full service brokers are the ones who offer brokerage charge depending upon the volume of your trade. Unlike discount brokers, trade associated with such brokers is quite high-priced.
“Discount Broker” is a preferred broker for online traders as it works on minimal brokerage charges (Fixed flat rate) resulting in low trading cost. Although it offers discounted brokerage rate but it doesn’t provide any investment advice. It has presented the revolution in the field of trade as earlier traders with less capital were unable to pursue trading. But due to the discounted or low brokerage rate, they are also enjoying the profits associated with trade.
If you want to carry forward your trade without keeping any financial firms like advisors and expect low trading charges then go for Discount Brokers appointed for you. These brokers will make your trading much better in money based gains as well as in portfolio management.
Every Discount Broker possess following features:
We have considered the List of Top 10 Discount Brokers and 10 Leading full service Brokers in India. You can check out the same in the table given below:
|List of Major Full Service Stock Brokers||List of Top 10 Discount Stock|
|ICICI Direct||Wisdom Capital|
|Kotak Securities||Trade Smart Online|
|Motilal Oswal||SAS Online|
SEBI is extended as Securities and Exchange Board of India. Its registration really matters for any firm and adds value to it.
Check if they have membership of exchanges like BSE, NSE, MCX and NCDEX to ensure credibility.
A well experienced firm can always enhance your trading. Experience never goes in vane therefore their expert articles and daily updates make your decisions savvy day by day and hence the more you explore, more you gain.
They should have smart trading technology with a user friendly interface available on desktops, web, and mobile so that you can run your trading screen anytime and anywhere to place orders in a fraction of a second.
Selection of Full service brokers or Discounted Stock Brokers as per your need.
Every individual wants to earn money for fulfilling his/her wishes and to accomplish future endeavors. Not everyone entering into the stock market becomes rich and neither gets bankrupt, it is just a game where money flows from less aware people to the wise man. It is just like a market where you buy anything at lower price and sell it 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 way you understand the market, it will be easy for you to make profit and to eradicate all the major risks.
Check if the share broker you are choosing is having the quality you want. There are numerous brokers listed in exchange and providing services in all over India. Broking is segmented as online as well as offline. Online broking is carried forward by the people who have sound knowledge of technology. Discount brokers are preferred as they provide online trading platforms as well as the reporting tool to track the 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. Apart from this, 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 like saving account, Demat account and trading account. The stock 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. For opening a low brokerage trading account, you can go through the following points:
If we talk about the fees charged by brokers, whether in the case of full-service brokers or discount brokers then the discount brokers will appear as the one charging lower brokerage than full-service brokers because they do not charge you according to the order value of the trade. You can also compare the charges associated with some other brokers to get better services at a low cost. Else, search for lowest brokerage in India for online trading.
|Broker||Brokerage||Account Opening Charges||Demat Maintenance Charges||Ranking|
|Wisdom Capital||0.00% in all segments, Lifetime Free||Zero||Rs 700 + taxes for Lifetime||1|
|SAS Online||9 per trade||Rs. 200||Rs. 200 per year||2|
|5 Paisa||10 per trade||(One Time): Rs. 650||Rs. 400 per year||3|
|Trade Smart Online||15 per trade||Rs.200||Rs. 300 per year||4|
|Zerodha||20 per trade||Rs.200||Rs 300 per year||5|
|Upstox||20 per trade||Rs 150||Rs 150 per year||6|
|SAMCO||20 per trade||NIL||NIL||7|
|Prostocks||Zero||Free||If paid Rs 2500 then Free AMC Lifetime||8|
|Free||Rs. 600 (free for the first year)||9|
|Fyers||Zero||Rs. 600||Rs. 400||10|
The company’s reputation is firmly on the line while considering its technological aspects. So before giving the nod to selected share broker, check the features of best trading trading platform it is dealing with. Like it should have the best mobile app in India and also updated web and desktop versions.
Trading Tools: – Now you need a place where you can apply your strategies to make money. The more market exposure you have, the more convenient it will be for you to trade in the stock market.
Advanced trading platform means there should be proper charting and less execution time. Millions are counted by 1 drops. From real-time streaming quotes to the mobile app all are important. It should also posses cutting-edge & sharp technological features, top-level security, easy-to-use interface.
|Zerodha||Desktop –PI, Web-Kite||1|
|Wisdom Capital||Desktop –Nest, Web-Express||2|
|Upstox||Desktop –Nest, Web-Upstox||3|
|5 Paisa.com||Desktop –Nest, Web-HTML 5||4|
|Trade Smart Online||Web-NOW (By NSE)|
NEST (By Omnesys Technologies)
|SAMCO||Desktop: SAMCO NEST Trader, web: SAMCO Web Xpress|
|SAS Online||Desktop –Nest, Web-HTML 5||7|
|ICICI Direct||Trading Terminal:Trade Racer, Web: Share Trading Account|
|Angel Broking||Desktop –Angel SpeedPro, Web: Angeleye.angelbroking.com||9|
|Motilal Oswal||Desktop-Orion Lite, Web-motilaloswal||10|
To steer a vehicle in the direction of your trade, you need something extraordinary, so the brokers competing in the market, brought a platform which will make your trade quite convenient. This has emerged in the form of Best Mobile Trading App in India, many brokers are providing such an app, but the one, which is fastest and easily accessible will be in trend. This mobile trade app gives you rhythm to check out trade related updates on the go. The most valued quality of this app is that, it makes your trade efficient. The rating for different stock brokers in terms of mobile app is given below:
|Broker||Mobile Trading App||Ranking|
|Upstox||Upstox Pro mobile app||2|
|Wisdom Capital||Trade Eye||3|
|5 Paisa.com||5Paisa Trading & Robo Advisory||4|
|SAS Online||Alpha Mobile||5|
|Trade Smart Online||SINE||7|
|ICICI Direct||ICICI direct Mobile||9|
|Angel Broking||Angel Swift (tablets/smartphones/mobiles)Angel Lite (mobile/tablet)||10|
When rollover of fees and dividends needs to be carried out, the risk level has to be foreseen. Traders at the onset stage start their trading at low margin to have glimpse of risk management to cut losses. But on the other hand, veterans in the market prefer high margin to magnify their profit. So sometimes leverage acts as a double-edge sword as high margin increases the chances of activating stop loss. So in order to have the idea of High Exposure Brokers in India, you can go through the chart given below where rating regarding the top 10 brokers is shown individually.
|Wisdom Capital||NSE: 40 times in equity,F&O: 10 times, MCX: 10 times.||1|
|ICICI Direct||NSE: 40 times in equity,F&O: 10 times, MCX: 10 times.||2|
|Trade Smart Online||NSE: 40 times in equity,F&O: 10 times, MCX: 10 times.||3|
|Upstox||NSE: 20 times in equity,F&O: 2 times, MCX: 2 times.||4|
|SAS Online||NSE: 20 times in equity,F&O: 5 times, MCX: 5 times.||5|
|Zerodha||NSE: 20 times in equity,F&O: 2.5 times, MCX: 2.5 times.||6|
|SAMCO||NSE: times in equity,F&O: times, MCX: 10 times.||7|
|5 Paisa||NSE: times in equity,F&O: 2 times, MCX: 10 times.||8|
|Motilal Oswal||NSE: times in equity,F&O: times, MCX: 10 times.||9|
|Angel Broking||NSE: 40 times in equity,F&O: times, MCX: times.||10|
There are many active stock brokers in the era of trade and technology. So to select the best low brokerage share broker, you need to know various essentials associated with such brokers. Availability of stock exchanges like BSE, NSE, MCX, NCDEX and few others make it clear that you can count on these brokers as they have the membership of various exchanges. BSE which is extended as Bombay Stock Exchange is the pioneer among all exchanges in India and it is active since 1875.
For any share broker, it takes some time to get in the groove. It is difficult to make the flawless design in the beginning, which affects their reputation. So to gain the trust and to become dependable brand, they are working hard.Whether it is related to avail minimal brokerage charges or other technological aspects like trading platforms to its customers or to avail high leverage and best mobile app, these are the key traits of these brokers to revive pride and confidence. They would have already set their agenda with pressing priorities to become the reputed broker among other rivals.
Are you spending your own cost to communicate to customer care or you have got a toll free number. When you call 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.
Stock brokers are updated with the latest market news and fluctuations to make their clients aware of such things and to have best return value. So they have the cooperative customer support team that usher its clients in context of any trade related query. They must deal as a tech savvy to ensure trust among customers.
The interactions with old clients is also taken into consideration time to time by this support team to notify them with best trade deals. The team also maintains client base on its portfolio to ensure proper account management. The table given below shows how much effective such stock brokers are, in terms of customer support services.
|Trade Smart Online||2|