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top10onlinebrokerswheelTop 10 Online Stock Brokers in India

Being a veteran in any field forms a true base, that is rarely found elsewhere. Depending upon the above statement many stockbrokers 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 the cost involved in trading. In order to deploy in the direction of your trade, you must contemplate some of the key factors of online stockbroking. 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 a 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.

 Top 10 Online Stock Brokers in India on the basis of overall Ranking:

BrokersCompany NameBrokerage ChargeTrading PlatformMobile AppLeverage/ ExposureCustomer SupportOverall

Ranking

WisdomCapital_LogoWisdom Capital0.00% in all segments22111
Trade Smart OnlineRs 15/executed order57322
ZerodhaRs 20/executed order11633
UpstoxRs 20/executed order33774

SAS OnlineRs9/trade45845
5Paisa.comRs 10 Per executed order1045106
SamcoRs 20/executed order76297
Motilal Oswal0.05% for Intraday & 0.5 for Delivery88968
ICICI Direct0.03% for Intraday & 0.3% for Delivery910459
Angel BrokingEquity Intraday 0.05% & Delivery 0.25%- Negotiable6910810

 

Types of Stocks & Commodity Brokers Available in India

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 Sharebrokers

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.

Some facts about the Full-service brokers

  1. They are good for delivery based trading.
  2. They also provide additional services like tips on research and investment advice.
  3. They offer costly intraday trading.
  4. Brokerage generally depends upon the volume of your trade.

 

Discount Brokers

“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 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 a trade.

Why to choose Discount Broker?

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 possesses following features:

  1. Lower Brokerage
  2. Excellent Customer Service
  3. Best Online Trading Platform
  4. Best Mobile App for Stock Trading
  5. Higher Leverages or Intraday exposures

 

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:

 

Check some other points:

SEBI registration

SEBI is extended as Securities and Exchange Board of India. Its registration really matters for any firm and adds value to it.

Exchanges Enabled for such brokers

Check if they have a membership of exchanges like BSE, NSE, MCX, and NCDEX to ensure credibility.

Being a veteran in the market

A well-experienced firm can always enhance your trading. Experience never goes in vain, therefore their expert articles and daily updates make your decisions savvy day by day and hence the more you explore, the more you gain.

Technology upgraded platform

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.

 

Some significant points to be considered while selecting a Best Online Stock Broker in India

Selection of Full-service brokers or Discounted Stock Brokers as per your need.

  1. Zero Account Opening Charges
  2. Lowest Brokerage Charges
  3. Excellent Customer Service
  4. Best Online Trading Terminal & Mobile Apps
  5. Hand Holding (For Beginners)
  6. FREE Tips & Reports
  7. Free Demat Account
  8. Low AMC Charges /No AMC charges

 

Onset requirements

Every individual wants to earn money for fulfilling his/her wishes and to accomplish future endeavors. Not everyone entering 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 a lower price and sell it at a 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 a profit and to eradicate all the major risks.

 

Think vigilantly while selecting the Best Stock Broker

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 the account, Demat account and trading account. The stockbroker 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:

  1. Check your requirement: – Just like you go shopping you need to filter your needs and have well-evaluated choices to make a decision that in what manner you will proceed your trade by using software, mobile or web application.
  2. Choose a broker with high in demand and reputation: – Broker high in demand offers you more services than the brokers who are obsolete. Many brokers who have a number of clients justify that they have been successful in delivering services so far with fewer complaints. Check who is trending.
  3. Be aware of miscellaneous fees: – Check the various charges associated with the broker and how much is your portfolio safe so that nothing gets sold off.

 

Lowest Brokerage Charges by Top 10 Discount Brokers in India

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.

BrokerBrokerageAccount Opening Charges              Demat Maintenance Charges Ranking
Wisdom Capital0.00% in all segments, Lifetime FreeZeroRs 700 + taxes for Lifetime1
SAS Online9 per tradeRs. 200Rs. 200 per year2
5 Paisa10 per trade(One Time): Rs. 650Rs. 400 per year3
Trade Smart Online15 per tradeRs.200Rs. 300 per year4
Zerodha20 per tradeRs.200Rs 300 per year5
Upstox20 per tradeRs 150Rs 150 per year6
SAMCO20 per tradeNILNIL7
ProstocksZeroFreeIf paid Rs 2500 then Free AMC Lifetime8
Tradejini
Rs 300
FreeRs. 600 (free for the first year)9
FyersZeroRs. 600 Rs. 40010

 

Top Ranked Stock Brokers as per their Trading Platform

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 the best 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 possess cutting-edge & sharp technological features, top-level security, easy-to-use interface.

BrokerTrading PlatformRanking
ZerodhaDesktop –PI, Web-Kite1
Wisdom CapitalDesktop –Nest, Web-Express2
UpstoxDesktop –Nest, Web-Upstox3
5 Paisa.comDesktop –Nest, Web-HTML 54
Trade Smart OnlineWeb-NOW (By NSE)

NEST (By Omnesys Technologies)

5
SAMCODesktop: SAMCO NEST Trader, web: SAMCO Web Xpress

 

6
SAS OnlineDesktop –Nest, Web-HTML 57
ICICI DirectTrading Terminal: Trade Racer, Web: Share Trading Account

 

8
Angel BrokingDesktop Angel SpeedPro, Web: Angeleye.angelbroking.com9
Motilal OswalDesktop-Orion Lite, Web-motilaloswal10

 

Top 10 Online Brokers as per Mobile App

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 the 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 the mobile app is given below:

BrokerMobile Trading AppRanking
ZerodhaKite1
UpstoxUpstox Pro mobile app2
Wisdom CapitalTrade Eye3
5 Paisa.com5Paisa Trading & Robo Advisory4
SAS OnlineAlpha Mobile5
SAMCOSAMCO Mobile6
Trade Smart OnlineSINE7
Motilal OswalMOSLAPP8
ICICI Direct ICICI direct Mobile9
Angel BrokingAngel Swift (tablets/smartphones/mobiles)Angel Lite (mobile/tablet)10

 

Leading Online Brokers as per Leverage/Margin or Exposures

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 a low margin to have the 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-edged 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.

BrokerLeverage DisplayRanking
Wisdom CapitalNSE: 40 times in equity,F&O: 10 times, MCX: 10 times.1
ICICI DirectNSE: 40 times in equity,F&O: 10 times, MCX: 10 times.2
Trade Smart OnlineNSE: 40 times in equity,F&O: 10 times, MCX: 10 times.3
UpstoxNSE: 20 times in equity,F&O: 2 times, MCX: 2 times.4
SAS OnlineNSE: 20 times in equity,F&O: 5 times, MCX: 5 times.5
ZerodhaNSE: 20 times in equity,F&O: 2.5 times, MCX: 2.5 times.6
SAMCONSE: times in equity,F&O: times, MCX: 10 times.7
5 PaisaNSE: times in equity,F&O: 2 times, MCX: 10 times.8
Motilal OswalNSE: times in equity,F&O: times, MCX: 10 times.9
Angel BrokingNSE: 40 times in equity,F&O: times, MCX:  times.10

 

Best Online Brokers as per availability of all Exchanges

There are many active stockbrokers 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.

 

Major Indian Stock Brokers by Reputation

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 a 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.

 

Top 10 Online Broker as per their Customer Support Services

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.

Stockbrokers are updated with the latest market news and fluctuations to make their clients aware of such things and to have the best return value. So they have the cooperative customer support team that usher its clients in the context of any trade-related query. They must deal as a tech-savvy to ensure trust among customers.

The interactions with old clients are 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.


Some Other Things to Consider about 
Best Online Stock Brokers in India

  • Trade Commissions: Low trade commissions/Brokerages are biggest advantages to exit your positions. It will bring your breakeven point to lower value, that will help you to make easy profits. Besides this, if you make more trades there will be more chances to make profits. A number of profits increase the probability of making profits.The biggest expenditure you are making is your brokerage. Brokers providing free brokerage or 0.00 % brokerage in all segments like Wisdom Capital, are more suitable for investors and traders and rank above like Zerodha (free only equity delivery ), Rksv (free only equity delivery ) and many other brokers.

 

  • Other Fees: – Things like service taxes, security transaction charges, transaction charges, stamp duty should be kept in mind as these charges vary broker to broker. Trades you make happen in lakhs and some percentage may be hard to pay sometimes. Also if you keep on counting such things it will be disappointing at some level.

 

  • Market Research: – If you are getting market research from your broker’s it doesn’t mean he is guiding you a lot. It means he is expecting you to trade more over the exchange. But if you are getting updates, it means you are updated, simply watch them properly to have better trade experience.

 

  • Investment options: – A full fledge broker allows you to, not only trade in 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 safe investment.

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