Raise your Capital with Best Stock Broker in India
We all are already aware that there are numerous stock brokerage firms functioning under the extent of Indian stock market. But, not all of them possess the essential skills to be the best stock broker in India.
Out of the huge traffic of stock brokers, we take into account the leading share brokers. When you search for the perfect stock broker in India, plans discussed here may act as a catalyst. Get rid of unwanted stress and look at the top share brokers list in detail. We are giving the important factors to be noticed. The summary of the major stock brokers in India is set forth to save time. You might have heard that a rupee saved is a rupee earned. We seek your attention hereby to discuss discount broking concept also. It came into the limelight a few years ago. Though it was introduced during the year 2010, it is quite popular nowadays. The full-service brokers like ICICI Direct, Kotak Securities, HDFC Securities, Angel Broking, ShareKhan etc charge excessive amount on the name of brokerage. Therefore the new age traders usually prefer the discount stock broking companies.
You would have generally seen brokers who present the best product at convincing prices. Their efforts to set the standards of best stock broker in India is quite useful to the traders. Here, no need to have an ambiguous perception like, they might be offering the low brokerage to steer you all to open an account with them. The concept is deliberately embarked keeping in mind the urge of all types of traders to enroll easily in the stock market of India. Hence, you need not worry about the brokerage part at all with such share brokers.
We will also give the glimpse of multiple advantages one can get. The best share broker in India confers several benefits to its clients in order to sustain in the Indian stock market. Additionally, we have taken into account the top 10 stock brokers in India to turn you towards the perfect stock broker.
Upgrade your search with best stock broker in India
What are the required qualities of perfect stock broker ?
The matter of concern here is that which broker is rendering the best in quality services. You might have seen heavy clientele with some of the stock broking companies. For instance, some full-service brokers being the part of financial institutions have many clients but it is not necessary that their services are satisfactory too. So, no need to radically rely on such factors. Instead, the best stock broker should be recognized with the degree of its performance and how compatible it is with the current trade market. While you choose best broker in India, consider the below mentioned traits that must persist in the top stock broker. The qualities that make the broker eligible enough to be the top share broker in India are reflected here:
- To meet the trading goals of all types of trader, it offers Lowest Brokerage rate.
- The broker provides high exposure/margin that is really beneficial to high volume traders.
- The stock broker should be well-organized and superb planner as per the current market needs.
- It should be versatile, should know basic finance and able to form good market perspective.
- You should check if the broker is trustworthy, before relying on it completely.
Select the best share broker in India by exploring the Top stock broking companies:
After going through the plans and services offered by the leading stock brokers in India, decide the best stock broker, yourself. We have given the first rate discount brokers and five major full service brokers active in the stock market of India. The catch is to get the right one from the pool of best share brokers in India.
Get the Best Stock Broker in India from the list of discount brokers
Opportunity to trade at discounted brokerage with best broker in India
Wisdom Capital is among the top contenders of the best stock broker in India listing. The broker is already trending as the perfect discount broker. In addition to the lowest brokerage plans that includes zero brokerage trading too, it is the highest exposure broker in equity intraday trading. The online broker allows quality trading in equities, F&O, currency and commodity market of India. It is also doing well in terms of the trading platform as recently it has presented the Fox Trader trading terminal to its esteemed clients.
|Brokerage||Freedom Plan||Pro Plan||Ultimate Plan|
|Equities||0.00%||0.005% Intraday & Delivery||0.007% intraday & Delivery|
|Futures||0.00%||Rs 9/ trade||Future: 0.005%|
|Options||0.00%||Rs 9/ trade||Options: Rs 15/lot|
|Commodity||0.00%||Rs 9/ trade||0.005% for futures|
|Segments||Freedom Plan||Pro Plan||Ultimate Plan|
|Equity||Upto 5 times for Intraday & 1 time for Delivery trading||Upto 40 times for Intraday & 4 time as for Delivery||Upto 60 times for Intraday & 5 times for Delivery|
|Equity Futures||Upto 2 times for Intraday||Upto 6 times for Intraday||Upto 10 times for Intraday|
|Equity Options||No Leverage buying, Shorting Intraday upto 2 times||No Leverage buying, Shorting Intraday upto 6 times||No Leverage buying, Shorting Intraday upto 10 times|
|Currency Futures||Upto 2 times for Intraday||Upto 6 times for Intraday||Upto 10 times for Intraday|
|Currency Options||No Leverage buying, Shorting Intraday upto 2 times||No Leverage buying, Shorting Intraday upto 6 times||No Leverage buying, Shorting Intraday upto 10 times|
|Commodity||Upto 2 times for Intraday||Upto 6 times for Intraday||Upto 10 times for Intraday|
SAS Online has also appeared amongst the leading stock brokers in India. It’s been few years since the brokerage firm came into existence. The share broker offers lesser brokerage than Zerodha who charges Rs 20 per trade. We have also shown the brokerage display which reflects the different schemes as per the respective market segments. You can get the idea by going through the chart given below:
|Rs.9 /trade for all segments||MCX(Rs. 999/trade)||Equity(Rs.999/trade)||Currency(Rs.499/trade)|
|Equity Delivery Brokerage||Rs.9||Rs.999||Rs.999||Rs.499|
|Equity Delivery Brokerage||Rs.9||0||0||0|
|Equity Delivery Brokerage||Rs.9||0||0||0|
|Equity Delivery Brokerage||Rs.9||0||0||0|
|Fixed Charges||Rs. 9||0||0||0|
|Equity Delivery Brokerage||Rs.9||0||0||0|
|Equity Intraday Brokerage||Rs.9||0||0||0|
As we know, there is already a large pool of brokers prevailing nowadays. Getting the right broker in India is the main task, so as to make trading even more convenient. 5 Paisa also emerges in the top share brokers listing. Being a part of India Infoline (IIFL), it has presented the new brokerage structure for online stock trading in India. Moreover, broker charges the trading account opening fee of Rs 650 while not demanding annual maintenance fee for the same.
|Equity||10 Rs Per executed order|
|Equity Options||10 Rs Per executed order|
|Equity Futures||10 Rs Per executed order|
|Currency Options||10 Rs Per executed order|
|Currency Futures||10 Rs Per executed order|
|Equity||Upto 15 Times for Intraday & 5 Times for Delivery(Interest charged)|
|Equity Options||Upto 2 Times for Intraday|
|Equity Futures||Upto 2 Times for Intraday|
|Currency Options||Upto 2 Times for Intraday|
|Currency Futures||Upto 2 Times for Intraday|
Earlier, there was the wide network of traditional brokers only. But, in the year 2010, Zerodha had introduced the flat fee concept by offering Rs 20 per trade. The move was appreciated by the traders. That took the broker among the leading stock brokers in India. However, the brokerage part was even more discounted with Wisdom Capital’s zero brokerage rate. Have a look at brokerage and margin plans of Zerodha given here:
|Equity Delivery||0.10% of turnover or Rs. 20 per trade whichever is lower|
|Equity Intraday||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Equity Future||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Equity Options||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Currency Futures||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Currency Options||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Commodity||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Equity||4 to 10 times for intraday|
|Equity Futures||40% of exchange prescribed margin|
|Equity Options||40% of exchange prescribed margin for selling & no margin for buying|
|Currency Futures||100% of exchange prescribed margin|
|Currency Options||100% of exchange prescribed margin|
|Commodities||50% of exchange prescribed margin|
Upstox which is also recognized as RKSV proved its existence by working hard to emerge in the list of Top 10 stock brokers in India list. The online discount broker allows trading/investing in Equity, F&O, Commodity, currency, Mutual Funds. You can consider the broker while exploring for a best stock broker in India, if you are ready to pay the brokerage that is quite similar to Zerodha. The known trading platform provided by the share broker is named as Upstox Pro.
|Equity Delivery Brokerage||Rs 0|
|Equity Intraday Brokerage||Rs 20|
|Equity Futures Brokerage||Rs 20|
|Equity Options Brokerage||Rs 20|
|Currency Futures Trading Brokerage||Rs 20|
|Currency Options Trading Brokerage||Rs 20|
|Commodity Trading Brokerage||Rs.20|
|Equity||Upto 20 times for intraday|
|Equity Futures||Upto 4 times for intraday|
|Equity Options||Upto 4 times for intraday|
|Currency Futures||Upto 4 times for intraday|
|Currency Options||Upto 4 times for intraday|
|Commodities||Upto 3 times for intraday|
Seek the Best Stock Broker in India from full service brokers
Top stock broker in India from traditional brokers list
ICICI Direct comes under the category of full-service brokers in India. It is the part of ICICI securities which has PAN India presence. If you are looking for the financial advisory providing broker while searching for the best share broker in India, then ICICI Direct is a good choice for you. It is fine that the broker has a wide network but the traditional brokers charge comparatively higher brokerages than the discount brokers.
|Account Type||3-in-1 Account (I-Secure Plan)||I-Saver Plan|
|Equity Delivery Brokerage||0.55%||0.75% to 0.25%|
|Equity Intraday Brokerage||0.28%||0.75% to 0.25%|
|Equity Futures Brokerage||0.03% to 0.05%||0.05% to 0.03%|
|Equity Options Brokerage||Rs 35 per lot to Rs 95||Rs 95 to Rs 65 per lot|
|Currency Futures Trading Brokerage||0.030% to 0.050%||0.05% to 0.03%|
|Currency Options Trading Brokerage||Rs 10 per lot to Rs 25||0.05% to 0.03%|
|Commodity Trading Brokerage||NA||NA|
|Equity||10 times||10 times||20 times|
|Equity Futures||4 times||4 times||8 times|
|Equity Options||1 times||1 times||3 times|
|Currency Futures||4 times||4 times||8 times|
|Currency Options||1 times||1 times||4 times|
Sharekhan is another leading stock broker in existing full-service brokers in the broking industry. Though the share broker offers online training, workshops, seminars to all the investors, it does not charge any demat account opening fees or any other cost for DP transactions. The broker has diversified its network with 500+ branches in India. So, while choosing the perfect share broker in India, you can see the broker in the full-service broker category of top stock brokers.
|Equity Delivery||0.5% (negotiable)|
|Equity Futures||0.1% on first leg, 0.02% on second leg if squared off on same day and 0.1% on any other day|
|Equity Options||2.5% on premium or Rs 100/contract (whichever is higher)|
|Currency Options||2.5% on premium or Rs 30/ lot (whichever is higher)|
|Equity||Upto 10 Times for Intraday & 5 Times for Delivery(Interest charged)|
|Equity Futures||Upto 2 times for Intraday|
|Equity Options||No Leverage|
|Currency Futures||No Leverage|
|Currency Options||No Leverage|
|Commodity||Upto 2 times for Intraday|
Kotak Securities Limited is a part of Kotak Mahindra Bank. It is an online stock broking part of Kotak Mahindra Group in India. The stock broker is a subsidiary of one of the renowned banks of India. It has a good presence in the country. It was founded in 1994, serves as a broker and supply various financial products. While looking for the best share broker in India, plans/schemes of this Mumbai based share broker can also be thought of. The stock broker’s brokerage set-up is given here:
|Equity||0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront|
|Equity Options||Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront|
|Equity Futures||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Currency Futures||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Currency Options||Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront|
|Commodity||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Equity||Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum|
|Equity Options||Buying No Margin, Shorting upto 2 times for Intraday|
|Equity Futures||Upto 5 times Intraday|
|Currency Options||Buying No Margin, Shorting upto 2 times for Intraday|
|Currency Futures||Upto 2 times Intraday|
|Commodity||Upto 2 times Intraday|
Angel Broking is a wealth management company. It is also there in the list of top online brokers in India. The broker is good to be considered while exploring firms to get the perfect share broker in India. The stock broker is existing for more than a decade now. It has extended its existence by serving financial products in different categories. The traditional broker gives you demat and trading account, that allows you to trade in equities, Futures and Options, commodities, mutual funds, IPO etc.
|Account Type||Angel Elite|
|Equity Delivery Brokerage||0.16%|
|Equity Intraday Brokerage||0.02%|
|Nifty Options Brokerage||Rs 30/ lot|
|Currency Futures Brokerage||0.01%|
|Currency Options Trading Brokerage||Rs.4/lot|
|Commodity Future Intraday Brokerage||0.01%|
|Commodity Delivery Brokerage||0.30%|
|Equity||Upto 10 Times for Intraday & 3 Times for Delivery|
|Futures||Upto 4 times for Intraday|
|Options||Upto 3 times for intraday selling, no leverage for buying|
|Commodities||Upto 3 times for Intraday|
|Currency Futures||2 times for intraday|
|Currency Options||2 times for intraday sell & no margin for buying|
Last but not the least, one more broker capable of emerging in the leading stock brokerage firms listing is Motilal Oswal. The share broker offers a wide variety of financial products like Retail Broking and Distribution, Private Wealth Management, Asset Management, Institutional Broking, Investment Banking, Commodity Broking, Private Equity etc. Research and reports presented by the share broker have good coverage in media. That contributes to the factors that bring it to the list including best share broker in India.
|Account Type||Standard Plan|
|Equity Intraday Brokerage||0.05%|
|Euities Delivery Brokerage||0.50%|
|Equity Futures Brokerage||0.05%|
|Equity Options Brokerage||Rs. 70 per lot|
|Commodity Trading Brokerage||0.05%|
|Currency Futures Trading Brokerage||0.05%|
|Currency Options Trading Brokerage||Rs. 70 per lot|
The more you read about stock market, more you gain. It is a large network having several market avenues. One should select the best stock broker in India to earn profit eventually. You just need to fuel up your trading with the top brokerage firm. The selection of right stock broker in India can provide much better experience ever. We have gathered 10 certified share brokers to reduce the traffic of 100+ stock brokers active in the country. The plans and facilities they provide are also given in brief. We suggest you to be vigilant while choosing best stock broking company. Select the one that seems to fulfill all your trading needs.