Full service brokers in India proffer trading and they are enriched with features like trade, advisory, sales and asset management plus some other services under one azure. There are many stock brokers in India and they are categorised as full service/traditional brokers and the other type brought in forefront is termed as discount brokers. Full service brokers include Motilal Oswal, Kodak Security, ICICI direct etc. While some of the eminent discount brokers are Wisdom Capital, Zerodha, SAS online, RKSV etc. These full service brokers offer three in one account.
The main difference between these two sub divisions of brokers are different brokerage charges and guidance availability. Traditional share brokers in India provide both brokerage and advisory. Besides this some of their other services involved in portfolio management service (PMS) company reports, research tips etc. While discount brokers don’t provide advisory.
Some Concerns related to Full Service Stock Brokers in India
- Many of them are dependent on trading platforms offered by NSE/Omensys.
- Their brokerage charges are relatively higher than Discount brokers in India.
- Most of their daily operations are offline in nature.
- Full service brokers in India are unable to provide customer support to deal with technically sound clients.
- As they have more brokerage rate, good volume of traders prefer discounted brokers available in India.
If you are not well aware of some technical aspects, don’t worry for the same as these traditional brokers provide complete guidance in context of any trade related issue. These services can really benefit novice traders who are not much aware of market trends. They guide them about better trade opportunities.
The buying and selling of stocks can prove very tricky because of the charges associated with it. When you choose a broker and set the rated value, make sure that these rates are applied for the trade. The market brokerage calculator India has set some estimations that change slightly everyday. And yet the broker will offer you charges that range between 0.05% to 0.01% for intraday trades. And next step, you must keep checking it regularly to see that the real rates are in order.
You need to deposit an amount in your account to begin trading. The broker will amount called the Annual Maintenance Charges. If this AMC is charged on Annually, it will curtail your account. The better option is to pay a lump sum value that hinders any monthly charges. You can also get a lifetime plan, just by making a one-time payment of Rs 500 – Rs 1000.
Full-service brokers offer following services:
- Investment advisory
- IPO investments
- Bonds buy and sell
- Mutual funds buy and sell
- Stock buy and sell in cash market
- Margin funding for IPO
- Margin funding for FNO
- Insurance (health, life, term, investment)
- Loan against gold (under different name)
- Research reports on fundamentals
- Research reports on technicals
- offline and online trading
- Loan against stocks
- Margin funding for stock trading
- Wealth management
- Private equity
List of Full Service Brokers in India
SBI Cap Securities
Geojit BNP Paribas
Aditya Birla Group
This Broking firm is an additional part of Axis Bank Ltd. It was founded in the year 2006 Exchanges enabled with this broker are NSE, BSE and it is Depository Participant with NSDL. It allows trade in various market segments like Equities, Derivatives, Mutual Funds, IPOs, Bonds, ETFs, NCDs and FD. But this stock broker doesn’t allow to trade in currency and commodity segment.
Axis direct offersf 3-in-1 Online Investment Account which is a perfect combination of Axis Bank Savings Account, Demat Account, Trading Account all consolidated in one account.
Being the subsidiary of Bank, they are also participants in advertising Axis Bank’s products offerings such as – Home Loans, Auto Loans, Personal Loans, Loan Against Shares and Loans for SME, Loan Against Property etc. Axis Securities Ltd has a wide network of 75 branches in India.
Axis Direct Mobile App avails you fast trading on the go with multiple watch-list, intra-day chart, real time streaming quotes etc
Kotak Securities Limited is an additional unit of Kotak Mahindra Bank and it was inaugurated in the year 1994. Kotak Securities, the popular stock broker is amongst the leading Stock Brokers in India having customer record of more than 10 lac. It has the solid foundation with 1128 branches and sub Brokers available in 350 cities. It offers you a three in one trading account which makes your trade convenient.
Keat Pro is its trading terminal. As it is enriched with market tips, research reports and latest updates on various market indices, is is good for high volume traders.
The Kotak Stock Trader is a Mobile Stock Trading app, with this app you can commence trading in equity, derivatives, currency derivatives, track your portfolio, You can also watch stock quotes and live streaming market updates on the go.
SBI Cap Securities came in to existence in 2006. It allows Resident Indians as well as Non Resident Indians (NRIs) to invest in Equity, Derivatives, Mutual Funds, IPOs. 3-in-1 trading account availability. It’s main office is located in Mumbai, India and it’s network is spreaded in 114 locations in the country.
SBI Smart Express is its terminal based trading software. This software lets you experience fast order execution and it is equipped with charting and technical indicators.
SBI Smart mobile app is a fine mobile application presented by SBI Cap Securities, it involves features like live market tracking of NSE, BSE, market watch, access to live quotes etc.
IDBI Capital is a subsidiary of IDBI Bank Ltd. It was established in the year 1993. This full service provider was earlier known as IDBIpaisabuilder . It allows you to continue trading in different market segments like equity, future and options on NSE, BSE. Demat of IDBI Capital is registered with NSDL. 3 in 1 Account, Instant Fund withdrawal facility is available with this broker. Relationship Managers are there to guide you at certain points. It also provides strong market research reports and NRI investment services.
- Power Classic : Download this software for trading in equity shares, mutual fund and IPOs.
- Powe Pro Exe: Paisa Pro is an EXE-based desktop software and it is designed keeping in view the needs of heavy traders.
- IDBI Direct Mobile App: Trade and track your investment dynamically with ease and enjoy the benefits of features like live streaming quotes, real time market orders etc.
JM Financial Services was formed in 1998. Exchanges enabled with this full service provider are NSE, BSE, MCX, MCX-SX & NCDEX. Its demat is registered with an NSDL/CSDL. It is offering services like investment, trading, research & broking, private & corporate wealth management, institutional equity sales, equity broking, portfolio management, asset management. It is an consolidated financial services group, providing various services to a clientele that involves financial institutions, high net-worth individuals and retail investors.
It is one of the largest brokerage houses in India, offering comprehensive investment advisory & investment management services to institutions, banks, corporate. It has the strong network of more than 25,000 IFAs spreaded across India. They also offer good customer support.
Being founded in the year 1995, Indian Infoline, is has widened its offline network in more than 800 cities in India. They set the brokerage plans as per trading budget. This varying charge plan makes trading convenient for traders. Not only this it has nice trading platform equipped with desktop application, browser-based web application and mobile app. IIFL Markets Mobile App is the well rated Trading App of IIFL filled with features like access to all asset class, multiple watch-list, detailed dashboard for commodities, Indices and currencies.
To know more about it click here IIFL Review
ShareKhan was launched by SSKI group in the year 2000, is one of the well known stock brokers today. This full service broker has its wide network with more than 13 lakh customers, 1800 offices and franchisees all over India. It offers equity services including F&O and equity cash on NSE and BSE, commodity trading on MCX and NCDEX and investment advice option to invest in mutual funds and IPOs.
Sharekhan has good support services which include email, live chat.
To start online trading with Sharekhan, you need to open a trading Account and a Depository (or Demat shares) Account with Sharekhan Ltd. It is Depository participant with NSDL and CDSL.
Trade Tiger is the online trading platform of Sharekhan. It is a reliable platform. Multiple Market Watch is available on a Single Screen. Single platform for multiple exchange BSE & NSE (Cash & F&O), Mutual Funds, IPOs etc.
Sharemobile is the app for ios and android users. Its earlier version used was Sharekhan MINI.
To know more click here
ICICIdirect.com is the first broker in India to commence Digitally Signed Contract Note to its clients. With ICICIdirect.com, you can put forward your trade in NSE as well as BSE. ICICI Securities has 250 offices across 66 cities in India to increase its network and convence customers to open account, speak and understand their financial activities. It also provides guidance Programs to assist you about a wide range of financial instruments like shares, derivatives, mutual funds, IPOs and insurance. Trade Racer is the Trading platform of ICICI direct, it has built-in features like Live streaming quotes, technical analysis and & Research Calls, charts, integrated fund transfer with multiple watch list availability.
Its mobile trader app allows you to trade in equity, option and future, quotes, follow your portfolio and other market changes, get live research calls and place order accordingly.
Detailed structure of ICICI direct.com
Being incorporated in the year 1987, this full service stock broker in India is noted as one of the oldest stock brokers prevailing in India. With them you can trade on multiple Stock Exchanges: BSE, NSE, NCDEX, MCX, MSEI. This firm has great network of 1,900 local branch offices in more than 500 cities in India. With the record of 8.5 lakh customers, the Broker has strong client base with Rs 20,000 Cr. plus depository assets. Along with this brokerage firm you can get detailed analysis and reports on more than 225 companies and some other Indian sectors. It’s a Depository Participant of NSDL and CDSL. Fund transfer is possible with more than 60 banks.
Mobile app named as MOSLAPP is available and it can be downloaded by Android, Apple and Black Berry Smart phone users. The app allows you to experience on the go trade and allows trading across in all segments. Real time quotes and advanced charting is available with it.
It was launched in the year 2000. As this broker is the subsidiary of well known HDFC bank, it offers its customers to trade using 3 in 1 account that includes demat, trading and banking services. HDFC Securities is one of those stock brokers who have covered wide area in India. With 250 branches in 185 cities across the country it has the record of 20 lakh customers now a days. It allows you to trade in the following segments: Equity, currency, IPOs, mutual funds, fixed deposits, NRI offerings, insurance and bonds. This firm also offers different loans, against securities. Its terminal based platform is named as BLINK and the same is well known for placing share orders at very high speed.
HDFC Securities mobile app is equipped with some great features. And this app comes in 11 Indian regional languages. It allows you to access trade in equity and derivatives in a single click. In some other non banking financial broking houses, the process can hinder your trade at certain points. As it might take some time to transfer your money from your bank to your trading account.
To know it in detail click here HDFC Review
It was originated in the year 1987. It has the membership of BSE, NSE, MCX, NCDEX. Angel broking head office is located in Mumbai, India. It is also registered as a depository participant with CDSL. Angel SpeedPro, Angel Trade, Angel Eye, Angel Lite, Angel Swift are five trading platforms offered by Angel Broking. It has a good network across India with nearly 8500 sub brokers and numerous franchise outlets in many Indian cities.
Angel Lite, a browser-based mobile trading tool. You can view live rates, latest trading prices etc.
To know about its brokerage and other details view Angel Broking
Ventura Securities Ltd. had started its trade voyage in the year 1994. This stock broker involves trading in various financial avenues. Ventura demat is registered with National Securities Depository Limited (NSDL). Their advisory services involve trade Ideas, Research Reports, Quarterly Analysis , Market News, latest Market Trends.
Ventura POINTER – Ventura has a powerful software for online trading called Pointer
Ventura wealth mobile application provides real time trading in Equity, Bonds, IPO Derivatives, Mutual Funds on BSE/NSE. Live market updates are available for all market segments. Some other advanced features include watchlist based on holdings and FNO positions, latest results etc. This app also avail tips to carry forward better trade opportunities.
Detailed structure of Ventura Securities
Nirmal Bang is amongst the leading full-service broking houses in India. It was incorporated in the year 1989. Nirmal Bang has membership of Bombay Stock Exchange Limited, National Stock Exchange of India Limited, MCX, NCDEX and its demat is registered with NSDL and CDSL.
This broker offers wide range of products and services. Besides full broking services in Equities & Derivatives, It also offers commodity trading, currency derivatives trading and you can also explore other available options of financial products which include IPOs, insurance, depository services and mutual funds. This share broker is a RBI registered Non-Banking Financial Company (NBFC) which provides margin funding service to its customers. Leverage can be provided in cash or approved securities form. Fund Transfer through 25 Banks is possible from Website, Net-Net Lite , ODIN Diet. The stock broker charges .20% for trading in equity cash. Option trading can be done at Rs 100 per lot. 0.02% for trading in Intraday and Future.
NBTRADE(NirmalBang Mobile Trading) is its mobile app which offers nice user interface, Streaming and Lite Mode to suit, Customized and Multiple Market Watch, Live Reports and some other facilities.
Tradebulls Securities (P) Ltd (Tradebulls Securities) is a stock broking house with memberships across NSE, BSE and MCX-SX. The company operates in the cash, derivative and currency segments. It is also registered as a depository participant with CDSL. It provides commodity trading through its group company; Tradebulls Commodities Broking (P) Ltd that has memberships across the MCX and NCDEX. It is also engaged in offering services such as internet trading, depositary services, IPOs and MFs.
Geojit BNP Paribas
It was incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major share brokers in India. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.
Geojit offers trading at NSE and BSE stock exchanges through a long network of nearly 500 branches. Geojit is based in Kochi, Kerala and has the powerful presence in Gulf. Over the years the company name got changed from Geojit Securities Ltd. to Geojit Financial Services Ltd. (GFSL) and finally to Geojit BNP Paribas Financial Services Ltd in April 2009.
Geojit BNP Paribas offers an Advanced Online Investment Platform called SELFIE (Self-Directed Trading & Investment Platform).