TOP 10 ONLINE STOCK BROKERS IN INDIA: 2018

 BEST STOCK BROKERS IN INDIA COMPARISION & REVIEWS: 2018

Being a veteran in any field forms a true base, that is rarely found elsewhere. Depending on the above statement many stockbrokers claim to be among the top share brokers.

Welcome to top 10 online stock 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.

 

Pioneer Stock Brokers In India

lowest brokerage fees

Wisdom Capital

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

Zerodha

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

ICICI Direct

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

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.
top 10 stock brokers

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.
top 10 stock brokers in india

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.

Compare Top 10 Discount Stock Brokers In India And Find Best Demat Trading Account In India

List of Discount Brokers Account Opening Charges Maintenance Charges Brokerage in NSE all Segments Brokerage in MCX all segments Nifty Future Breakeven Point Crudeoil Breakeven point Intraday Leverage/Exposures in MIS Delivery Leverage Margin(CNC) Nifty Margin in MIS Nifty Limit in CO Gold Mini Margin in MIS Gold Mini Margin in CO Your Annual Savings (Rs.)
Wisdom Capital Free Lifetime Free 0.00% 0.00% 1.84 0.5 Upto 200 times Upto 5 times for CNC 7,370 3700 1850 1474 53975
Zerodha Rs 200 Rs 300 Rs 20/trade or 0.01% whichever is lower Rs 20/trade or 0.01% whichever is lower 2.15 1.07 Upto 20 times 0 for CNC 24008 9015 7377 4,168 43195
RKSV Rs 200 Rs 150 per year Rs 20/trade or 0.01% whichever is lower Rs 20/trade or 0.01% whichever is lower 2.56 1.07 Upto 20 times 1X for CNC 10005 10065 11804 4,350 43195
SAMCO Zero Rs 400/year Rs 20/trade or 0.01% whichever is lower Rs 20/trade or 0.01% whichever is lower 2.56 1.71 Upto 15 times for 3X for CNC 23881 9390 7345 4900 40195
SAS Online Rs 300 Rs. 200 Rs 9/trade Rs 9/trade 2.86 0.9 Upto 20 times 3X for CNC 30010 10045 11705 4200 46950
Trade Smart online Rs 200 Rs. 300 Rs 15/executed order Rs 15/executed order 3.84 1.03 Upto 5 times 3X for CNC 24000 29974 8000 2362.94 45980
5Paisa Rs. 650(1 time) Rs. 400/year Rs 10 /executed order Trading in MCX is not available 2.19 1.07 Upto 15 Times 2X for CNC 30000 9350 NA NA 46600
Trade Jini Rs. 300 Rs 300/year Rs 20/executed order Rs 20 per executed order 2.13 1.07 Upto 20 Times 1X for CNC 30001 NA 7377 5000 43150
Prostocks Zero Rs. 1000 Rs. 15/executed order Trading in MCX is not available 2.62 NA Upto 5 times 1X for CNC 45000 9950 NA NA 45900
Fyers Zero Rs. 400/year Rs 20 /executed order Trading in MCX is not available 2.23 NA Upto 15 times 1X for CNC 24039 NA NA NA 43950

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

  • They are good for delivery based trading.
  • They also provide additional services like tips on research and investment advice.
  • They offer costly intraday trading.
  • Best Online Trading Terminal & Mobile Apps
  • 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 Full-Service Share Brokers?

  • They are good for delivery based trading.
  • They also provide additional services like tips on research and investment advice.
  • They offer costly intraday trading.
  • Best Online Trading Terminal & Mobile Apps
  • Brokerage generally depends upon the volume of your trade.

Why to choose Discount Brokers?

  • Lower Brokerage
  • Excellent Customer Service
  • Best Online Trading Platform
  • Best Mobile App for Stock Trading
  • Higher Leverages or Intraday exposures

Traditional Stock Brokers Vs Discount Brokers

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 Brokers
ICICI Direct Wisdom Capital
Kotak Securities Trade Smart Online
ShareKhan Zerodha
Axis Direct Upstox
Motilal Oswal SAS Online
Angel Broking SAMCO
Ventura 5paisa
Nirmal Bang Prostocks
Bonanza Tradejini
Aditya Birla Fyers

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 of 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

  • 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

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:

For opening a low brokerage trading account, you can go through the following points

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.

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.

Be aware of miscellaneous fees: – 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.

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.

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
Tradejini Rs.300 Free Rs.600 (free for the first year) 9
Fyers Zero Rs.600 Rs.400 10

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.

Broker Trading Platform Ranking
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)

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

 

6
SAS Online Desktop –Nest, Web-HTML 5 7
ICICI Direct Trading Terminal: Trade Racer, Web: Share Trading Account

 

8
Angel Broking Desktop Angel SpeedPro, Web: Angeleye.angelbroking.com 9
Motilal Oswal Desktop-Orion Lite, Web-motilaloswal 10

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:

Broker Mobile Trading App Ranking
Zerodha Kite 1
Upstox Upstox Pro mobile app 2
Wisdom Capital Trade Eye 3
5 Paisa.com 5Paisa Trading & Robo Advisory 4
SAS Online Alpha Mobile 5
SAMCO SAMCO Mobile 6
Trade Smart Online SINE 7
Motilal Oswal MOSLAPP 8
ICICI Direct ICICI direct Mobile 9
Angel Broking Angel 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.

Broker Leverage Display Ranking
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

Prominent Stock Brokers in India 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. To propel in the direction of fruitful trading you need to choose Best trading Account. 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. These brokers allow trading across various market segments like equities, F&O, commodity, Mutual Funds, IPO etc. 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 lowest brokerage charges or other technological aspects like finest trading platforms to its customers or to avail high leverage or exposure 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.

Leading 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 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.

Some Other Things to Consider about Eminent  Stock Brokers in India

Trade Commissions: Low trade commissions/Brokerages are biggest advantages to exit your positions. It will bring your breakeven point to the 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 in an Indian stock market. A number of profits increase the probability of making profits.The biggest expenditure you are making is your brokerage.

From the 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’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, 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.