TOP 10 DISCOUNT BROKERS IN INDIA: 2018

Last Updated: December 05, 2018 at 10:12 am

Welcome to the top 10 online brokers. Ever since the time we started the section, we have focused on the decent analyses of the several discount stock brokers to present you the best discount broker in India. Yes, if you are looking for the perfect discount broker, the search ends here. Amidst, exploring the various broking companies, Question might have arisen in your mind “Who is the Best Stock Broker in India?” You can portray a clear image for the same by having a quick glance at our website by comparing renowned Indian share brokers listed in NSE, BSE, MCX, NCDEX, CDS segments.

Moreover, we are intended to bring into notice the set of qualities acting as the benchmark to find out the Best Broker in India. For that, we have presented the comparison among the top stock brokers in India on the basis of some crucial parameters. The points of comparison discussed later include brokerage, margin and other comprehensive stock trading applications.

In the hurry to trade in and out, one must not vitiate the possibility of making a good profit in trading through the best share broker. In the very beginning, we have introduced the discount broker which has appeared at the leading position on the overall comparison basis. However, before heading forward in the trading voyage, check how to be a buoyant trader, know more about the categories of brokers and subsequently, compare them to perceive the best share broker in India as per your needs.

Wisdom Capital

Wisdom Capital is one of the best discount online brokerage firm in india.

Zerodha

Zerodha is one of the indian financial services brokers in the market.

ICICI Direct

Founded in the year 2000, ICICI Direct is the best online trading platform.

Kotak Securities

Kotak Securities is a stock broking section of Kotak Mahindra Group in India.

ShareKhan

It was established in 1992, Sharekhan is a leading full service broker firm in India.

IDBI Paisa Builder

Established in 1993, IDBI Paisa Builder is the branch of the IDBI Bank Limited.

SAMCO

It was established in 2008. It’s demat is registered with CDSL,MCX, BSE, NSE.

Angel Broking

Established in 1987, Angel Broking is the best full services provider in India.

UPSTOX

RKSV, is also known as Upstox, it has started in the year 2012.

SAS Online

SAS Online is a discount brokerage firm incorporated in 1995.

HDFC Securities

HDFC Securities is the subsidiary of HDFC Bank Limited , Started in 2002.

5Paisa

5paisa is a part of India Infoline (IIFL), that was incorporated in 1995.

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 Share broker for executing your orders over the Stocks and commodity 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. For a better trading experience, you need to know about the brokers first.

List of Top 10 Discount Brokers in India and Top 10 full-service Stock Brokers in India.

In the table given below, we are comparing the Top 10 Discount Brokers in India on the basis of following aspects:

Selection of online discount broker or full-service share brokers or as per your need.

• Zero Account Opening Charges
• Lowest Brokerage Charges
• Excellent Customer Service
• Best Online Trading Terminal & Mobile Apps
• Hand Holding (For Beginners)
• FREE Tips & Reports
• Low AMC Charges /No AMC charges

Onset requirements while choosing a perfect discount broker in India

Every individual wants to earn money for fulfilling his/her wishes and to accomplish future endeavours. 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.  And, penny stock broker offering discounted rates can really works fine for you. 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 any of best discount broker in India or top full time 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.

Gathering important aspects to be compared in best 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. We are giving best discount broker for beginners in India list. 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.

For opening a low brokerage trading account offered by top discount broker, you can go through the following points:

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.

Online 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.

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:

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.

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 in India are updated with the latest stock 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.

Broker	Phone Support	Toll-Free No.	Live Chat Agent	Ticket system	Relationship Manager	Ranking
Wisdom Capital						1
Trade Smart Online						2
ICICI Direct						3
SAS Online						4
Zerodha						5
Motilal Oswal						6
Upstox						7
Angel Broking						8
5 Paisa.com						9
SAMCO						10

In simple words, Demat account is the account where shares and securities are held electronically. When you buy shares with your trading account then they would be stored in your Demat account. After that, If you want to sell, they would be taken back from your Demat account to the trading account and sold in open stock markets at BSE or NSE or any other stock exchanges. 

If you want to kick-start your trading, you apparently need to know about some renowned Demat Account providers. We have mentioned some of the best Discount brokers in India to let you turn to the best one. With this, you may select the Best Demat Account in India while exploring the List of  Top 10 Demat Account providers.

Trade Commissions: Low trade commissions/Brokerages are biggest advantages to exit your positions. It will bring your break-even point to the lower value, that will help you to make easy profits. Best discount brokers often offer low brokerage charges. Besides this, if you make more trades there will be more chances to make profits in an Indian stock market. A number of trades increase the probability of making profits.The biggest expenditure you are making is your brokerage.

Explore List of Discount Brokers in India:- 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, 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, IPO, 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.

The state of the broker is marked by its capability to deal in various aspects like flexibility, technology, and different financial segments. As we know, there is an extensive range of the stock brokers in the country. So, we have covered the adequate measures that should be considered while selecting the best discount  broker in India. We hope that the broker’s comparison done on the basis of different attributes may help you get what you are actually looking for. Explore smartly to rise as an astute trader and enjoy intelligent trading ahead.