Top 10 Stock Brokers In India

Top 10 Stock Brokers in India

As we already know, there are numerous brokers emerging in India these days. But the question is how to select the right one. Choosing the best stock broker in India is the real catch of your trading. Having the glimpse of such share brokers is quite necessary while dealing with stock market activities. It keeps the rhythm of trading fine.

When supply in stocks amplifies, leading to a path of long consolidation, the trade density increases. As per this fact, the need to select the best stock broker in India also rises.

To skim off the best broker, we would like to onboard you as a trader with enough idea of beginning the trade in a better way. Brokers in India are also emphasizing, they are offering the lowest brokerage plans but first analyze this fact by going through their reviews and ratings.

 

Some other factors to be considered while opting among Top 10 Share Brokers in India

Lowest Brokerage Charges or Fees

Consider the fees and other pricing that brokers are charging. But it will be good for you not to overemphasise things. In the same way, understand the services offered. These brokerage houses have generally two plans. One is for intra-day traders and the other is good for long-term investors.

Research & Reports

Such a thing permits the investors to read the analysts’ reports on sectors and companies of interest or access the data on companies. Most of the full-service brokerages cater research services, unlike discount brokers. Just find out if you need such services, as these might help you to take an effective decision in choosing better stock broker.

Customer Support services

Analyse customer reviews online or on the featured forums or search comments of users on various trustworthy websites. Such insights will give you a good idea of the working method of the brokers.

Visit local office

Check if broker’s house possesses a local office. In the same way, if you think you want some orders dealt directly with representative instead of a recording, find out if such a thing is possible by visiting the local office. If that is true check the cost associated. Nowadays, most of the brokerage firms have an online facility that can be used anywhere.

 

Detailed structure of Top 10 stock brokers in India

Wisdom Capital:

Wisdom Capital is one of the best discount brokerage firm, as it provides you the lowest brokerage plans and amazing trade experience. Besides zero brokerage, it involves many technological aspects for your convenience in the trade. It offers updated versions of a web, desktop, and mobile applications. While moving in the direction of opting for best share broker suitable for your trade, you must have the idea of enticing feature of Wisdom Capital which offers free trading for the lifetime at BSE/NSE stocks, future & options and Commodity trading account at MCX/NCDEX all segments.

 It is justifying Lowest brokerage charges in India in a true sense  (0% Brokerage). You will not encounter any misconceptions like in case of other stockbrokers who are charging as per executed order etc or upfront charges, on a monthly or yearly basis. For instance, SasOnline is charging Rs 9 per executed order and Zerodha is charging Rs 20 per executed order, same in case of many others who claim to follow zero brokerage, but unable to justify the same. So Wisdom Capital has become a trendsetter in the context of following plan. You ought to visit its freedom, pro and ultimate plan given in the table.

Brokerage

Brokerage in FNO (NSE/MCX)ZERO (0%)9/TradeFuture: 0.005 (NSE/MCX), Options : Rs.15/Lot  0.005% Delivery0.005% Delivery

Plans Freedom Plan Pro Plan Ultimate Plan
Account Opening Free Free Free
Brokerage in Cash ZERO (0%) 0.005% Intraday 0.005% Intraday
Validity> Lifetime Lifetime Lifetime


Margin

Wisdom Capital is providing highest margin among other stock brokers in the market as per brokerage plan.

Segments Freedom Plan Pro Plan Ultimate Plan
 Equity Upto 10 times for Intraday & 1 time for Delivery trading Upto 40 times for Intraday & 1 time for Delivery Upto 64 times for Intraday & 1 time for Delivery
 Equity Futures Upto 100 times for Intraday Upto 200 times for Intraday Upto 200 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 8 times for Intraday
No Leverage buying, Shorting Intraday upto 2 times No Leverage buying, Shorting Intraday upto 2 times No Leverage buying, Shorting Intraday upto 2 times
Commodity Upto 10 times for Intraday Upto 200 times for Intraday


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
10 8 9 10 10 10 9.5

 

Zerodha

Zerodha is one of the leading stockbrokers in the Indian market. Due to its huge trading volume, customers and growth, it is considered as trustworthy. The headquarters of Zerodha is in Bangalore. Among the various stock brokers in India. Anyone who would like to open an account online can walk into its franchise offices and take the benefit of its services.

An organization that enhances the trade of equities and other avenues between the buyer and seller is a brokerage firm. A discount broker or an online broker is a brokerage house that performs the trade at low brokerage rate. Full-service stockbroker will charge a very high premium for their services.

Brokerage

>

Plans Freedom Plan Pro Plan Ultimate Plan
Account Opening Free Free Free
Brokerage in FNO (NSE/MCX) ZERO (0%) 9/Trade Future: 0.005 (NSE/MCX), Options : Rs.15/Lot
Brokerage in Cash ZERO (0%) 0.005% Intraday

0.05% Delivery

0.005% Intraday

0.05% Delivery

Validity Lifetime Lifetime Lifetime


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
7 9 9 6 10 7 8

 

UPSTOX

RKSV, which is Mumbai based stockbroker is also known as Upstox, it has started its journey in retail segment in the year 2012. Since then it has proved its prominent existence by providing services like lowest brokerage plans, efficient trading platform. RKSV allows multiple trading segments like stocks, future, currency, option, and commodity. Here, equity delivery trading is free and it offers IPO investment too. Annual maintenance charge is nil.

Trading Platform and mobile app

It has one of the advanced trading platforms in India available in desktop, web and mobile versions namely Nest, Upstox Pro web, and Upstox Pro mobile.

Brokerage

Equity 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)
 Equity Options Rs 20/executed order or 0.01% whichever is lower
 Equity Futures Rs 20/executed order or 0.01% whichever is lower
 Currency Options Rs 20/executed order or 0.01% whichever is lower
 Currency Futures Rs 20/executed order or 0.01% whichever is lower
 Commodity Rs 20/executed order or 0.01% whichever is lower

 

 Margin

 Equity Upto 20 times for intraday, 0 for delivery
 Equity Options Buying no leverage, shorting upto 4 times for intraday
 Equity Futures Upto 4 times for intraday
 Currency Options Buying no leverage, shorting upto 4 times for intraday
 Currency Futures Upto 4 times for intraday
 Commodity Upto 3 times for intraday

 

Customer Support: In this, 24/7 support service and live chat option are not available but it provides better email support services.

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
7 8 8 7 6 5 6.8

 

SAS Online

In the stock market, there are many sorts of calculations one has to go through before any kind of investment. There are lots of options you can go for, but you have to check all the essentials of the trade so that better decision can be taken which can help you to achieve the desired goal.

It has been incorporated in 1995 and exchanges enabled are BSE, NSE, MCX.

Trading platforms available with SAS online are:

  1. NOW Trader– Free software provided by NSE. Equity, derivatives, commodity and all accessible on this It is present in web and mobile and desktop versions.
  2. NEST Trader– Fast execution of orders, as well as real-time monitoring, is available. This is a nice trading terminal. Similarly, it’s reliable and efficient.

 

Brokerage

 Equity Options Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
 Equity Futures Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
 Currency Options Choose from Unlimited for Rs 499/Month or Rs 9/Executed order
 Currency Futures Choose from Unlimited for Rs 499/Month or Rs 9/Executed order
 Commodity Choose from Unlimited for Rs 999/Month or Rs 9/Executed order

 

 Margin

Equity Upto 20 times for Intraday & 0 for Delivery
Equity Futures Upto 5 times above Span
Equity Options Buying 0 & Shorting upto 2 times
Currency Futures Upto 2 times for Intraday
Currency Options Buying 0 & Shorting upto 2 times
Commodity Upto 5 times on Span

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
8 7 7 6 10 7 7.5

 

Share Khan

It was established in 1992, Sharekhan is a leading full-service broker firm in India. It is considered as one of the popular brokers in India. It has offered several trading platforms to prove its solid existence. It contains online mobile trading terminal, desktop-based trading terminal, trade through its branch offices. Sharekhan is also offering online training and workshop to all traders. It doesn’t take any cost for online funds transfer from the bank account and vice versa. It doesn’t cost for DP transactions. 

Brokerage

 Equity 0.03% for Intraday & 0.3% for Delivery – Negotiable
 Equity Options Rs 50/lot – Negotiable
 Equity Futures 0.03% of Turnover – Negotiable
 Currency Options Rs 20/lot- Negotiable
 Currency Futures 0.03% of Turnover- Negotiable
 Commodity 0.03% of Turnover- Negotiable

 

Margin

 Equity Upto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
 Equity Options No Leverage
 Equity Futures Upto 2 times for Intraday
 Currency Options No Leverage
 Currency Futures No Leverage
 Commodity Upto 2 times for Intraday

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
2 9 9 9 10 4 7.3


Trade Smart Online

It was incorporated in the year 1994 as VNS Finance & Capital. It has a membership with NSE and BSE and demat is registered with CDSL. Brokerage charge is Rs 15 per executed order.

  • Trade Account Opening Charges- Rs 200
  • Demat Account Opening Charges- Rs 200
  • Annual Maintenance Charges- Rs 300

It has two different trading platforms namely NOW and NEST. You can also have benefits of  Mobile trading and charting. Its customer support service is much better than that of Share Khan, as it is also available through live chat on its website. You can use their services as per your need. As if you are not trading, then there will not be any monthly charges.

Brokerage

 Equity Futures Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 Currency Options Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 Currency Futures Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
 Commodity NA


Margin

 Equity Upto 5 times for intraday, 0 for delivery
 Equity Options No Margin
 Equity Futures Upto 2 times for intraday
 Currency Options No Margin
 Currency Futures Upto 2 times for intraday
 Commodity NA


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
8 8 7 8 10 9 8.3

 

5 Paisa.com

5paisa is part of India Infoline (IIFL), India’s leading financial services company. 5paisa has revived with new brokerage model for online stockbroking services in late 2016. 5paisa is a Mumbai based discount stock broker in India.

India Infoline is the parent company of 5 Paisa, that was incorporated in 1995. IIFL group offers a number of financial products in more than 800 branches.

Brokerage

 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
 Commodity NA

 

 Margin

 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
 Commodity NA


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
2 8 8 7 10 3 6.3

 

SAMCO

It has been incorporated in the year 2008. It’s demat is registered with CDSL and exchanges enabled for broker are MCX, BSE, NSE.

In Market Segments, it includes Equity Cash, Equity Futures & Options, Currency Futures & Options. The company primarily serves to retail and corporate clients.

Brokerage

Equity Rs 20/executed order or 0.02%(intraday) or 0.2%(delivery) whichever is lower
 Equity Options Rs 20/executed order or 0.02% whichever is lower
 Equity Futures Rs 20/executed order or 0.02% whichever is lower
 Currency Options Rs 20/executed order or 0.02% whichever is lower
 Currency Futures Rs 20/executed order or 0.02% whichever is lower
 Commodity Rs 20/executed order or 0.02% whichever is lower

 

Margin

 Equity Upto 15 times for Intraday, No leverage for delivery
 Equity Options Buying no leverage, Shorting upto 2.5 times for intraday
 Equity Futures Upto 2.5 times for intraday
 Currency Options Buying no leverage, Shorting upto 2.5 times for intraday
 Currency Futures Upto 2.5 times for intraday
 Commodity Upto 2 times for intraday

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
7 7 7 8 10 3 7

 

Prostocks

Prostocks was founded in the year 2016 and soon became a competitor among the existing share brokers in the market. It has registered head office located in Mumbai, With accessibility in various segments of the market such as Equity, currency, derivatives, Mutual Funds, depository services, NRI trading services.They are unable to manage for the membership of MCX and NCDEX due to lack of enough resources. Pricing, tools and investment choices are available. The Trading platform is present with an updated version of a mobile app.

Brokerage

Equity Flat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Equity Options Flat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Equity Futures Flat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 899/monthly, Rs. 8,999 Unlimited Trading Per Year
 Currency Options Flat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 499/monthly, Rs.4,999 Unlimited Trading Per Year
 Currency Futures lat Fee Plan: Rs. 15/executed order, Fix Monthly Plan: Rs. 499/monthly, Rs.4,999 Unlimited Trading Per Year
 Commodity Not Available

 

Margin

Equity Upto 10 Times for Intraday & 5 Times for Delivery(Interest charged)
Equity Options No Leverage
 Equity Futures Upto 2 times for Intraday
 Currency Options No Leverage
 Currency Futures No Leverage
 Commodity Upto 2 times for Intraday


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
8 5 5 3 5 1 4.5

 

ZeroShulk

In the year 2008, it has achieved its membership of MCX stock exchange. It offers low brokerage rate and zero account opening charges. Besides this, it also asserts zero charges for the first year of the annual maintenance fee. Zeroshulk claims to be in the business for 3 decades but it has failed to acquire enough number of clients as As per records, it has around 2000 active clients these days. It was incorporated in the year 2015.

Brokerage

Equity Choose from Unlimited for Rs 999/Month or Rs 15/Executed
 Equity Options Choose from Unlimited for Rs 999/Month or Rs 15/Executed
 Equity Futures Choose from Unlimited for Rs 999/Month or Rs 15/Executed
 Currency Options Choose from Unlimited for Rs 999/Month or Rs 15/Executed
 Currency Futures Choose from Unlimited for Rs 999/Month or Rs 15/Executed
 Commodity Choose from Unlimited for Rs 999/Month or Rs 15/Executed

 

Margin

 Equity Upto 20 times intraday, 0 for delivery
 Equity Options NA
 Equity Futures Upto 4 times intraday leverage
 Currency Options NA
 Currency Futures 2 times intraday leverage
 Commodity Upto 5 times intraday leverage

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
8 6 5 3 5 1 4.6

 

Fyers

While choosing Finvasia as your stockbroking service provider, you need to know, what type of stocks it is dealing with. There are a number of segments in the market like cash, derivatives, currency, commodity and each of these markets is separated from each other. With Fyers you can trade in Equity, F&O and Currency on NSE. Here Fyers is extended as Focus Your Energy and Reform the Self.

 Exchanges enabled NSE, BSE
 Demat (NSDL/CDSL) NSDL- Partnership with ILFS

 

Brokerage

 Equity Rs 20 per executed order
 Equity Options Rs 20 per executed order
 Equity Futures Rs 20 per executed order
 Currency Options Rs 20 per executed order
 Currency Futures Rs 20 per executed order
 Commodity Rs 20 per executed order

 

Margin

Equity Upto 15 times for Intraday
 Equity Futures NA
 Equity Options NA
 Currency Futures NA
 Currency Options NA
 Commodity NA

 

Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
7 7 7 3 5 2 5.1


TradePlus online:

Being established in 1983 as Navia Markets Ltd, it has emerged as a leading stockbroker, which had shown its potential at starting stage itself.

In terms of Customer Care, their customer support is impressive as they have toll free no to call, email support and SMS service too. Their Back office support is also very good with a high degree of performance.

The full product and services of the company include trading in equity, Intra-day, future and option, currency and commodities on NSE, BSE and MCX, TradePlus gives its own DP services which has a membership with NSDL.

With its vetted brokerage plans, it provides high scale customer acquisition at low cost.

Brokerage

 Equity 0.1% delivery and 0.01% intraday
 Equity Options Rs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 Equity Futures Rs.799/- per month (unlimited zero brokerage trading) – Refundable plan or 0.01%
 Currency Options Rs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 Currency Futures Rs.99/- per month (unlimited zero brokerage trading) – Refundable plan
 Commodity Rs.99/- per month (unlimited zero brokerage trading) – Refundable plan

 

Margin

Equity 30 X on NIFTY 50 Stocks
Equity Futures SPAN/4 on Indices and NIFTY 50 stocks
Equity Options 2 times on selling
Currency Futures 2 times intraday
Currency Options No leverage
Commodity SPAN/4
   


Rating as per following aspects:

Brokerage Trading Software Mobile App Leverage Safety of funds Customer Support Overall rating
8 7 5 1 10 3 5.6