With growing
education among people about putting their idle money into productive use by investing
in stocks rather than keeping them deposited in banks with no sufficient
returns, people are more keen to know about the trading sector. For the purpose
of trading, one needs a reliable broker who with his knowledge can increase the
wealth of the shareholder by adopting new strategies.
While wondering
for the best stock broker, one needs to consider various factors which can
affect the decision of selecting an appropriate broker. The Metrics like discounting
or Brokerage charges, customer services, investment and trade related
education, risk sharing, financial instruments and its extent etc. should be
taken care of while making your decision. Based on the above written factors,
following are the top 10 stock brokersin India.
Share khan- This
Brokerage firm has an experience of 16 years and also an oldest firm. It has
also been ranked 2nd best broker in the category of full time
brokers. It offers many trading platforms and its discounting charges vary from
0.015% to 0.1%.
ICICI- The ICICI
is the leading stock broker which offer services like trading platforms, share
market tips and integration. With coverage of more than 200 branches in India,
this broking firm has a major drawback of high brokerage charges ranging from
0.5% to 0.75%.
Wisdom capital-
This is the first online trading company which sets 3 plans of Brokerage. It
aims to provide a convenient path for its clients. They don’t charge any
advance payment or any other extra payment. It is quite safe to trade with them
as they have a lot of experience in trading in major stock exchanges.
HDFC securities-
With 15 years being in this sector, it provides you to trade with certain tips
and reports. It offers 4 in 1 trading account. It charges a commission of 0.5%.
India Infoline-
This firm has more presence in the northern parts of the country. It gives
information, recommendations and tips to its customers about the market.
Motilal Oswal-
This firm offers multiple product facilities like investment banking,
institutional broking, asset management, home finance etc. There is a trading
platform which let its customers to ask questions on trading issues.
Angel Broking- With
heavy client base it offers various tools like real time quotes, market watch,
newsfeeds etc. Trading in derivatives, commodities, mutual funds, life
insurance etc can be done. It is also on best broker list.
Zerodha- This
discounting company is more popular for its product innovations and digital
initiatives. It provides various trading platforms and guidance on trading of
shares.
5Paisa- This
firm aims to offer it services at less Brokerage charges. Earlier it had been a
branch of IIFL. It offers its first five trade free of cost. They also provide
attractive offers to attract more and more traders.
Kotak
Securities- It provides 3 in 1 trading accounts. This company has invested well
in technology and also provides fine services and also competes well with other
traditional brokers.
Based on the
various factors, one can easily choose a broker from the above written who can
give varied services at reasonable rates.
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