Top 5 Stock Brokers in India
If you are looking for stock brokers in India, there are several choices to consider. You can choose to use a discount broker, a full-service broker, or a combination of these. There are a number of advantages and disadvantages associated with each. These brokers can vary in the services they provide and in the charges they charge. If you are looking for a discount broker, it may be a good idea to consider one that offers low fees and excellent service.
PARASRAM
Lowest Brokerage rate and tons of benefits. Parasram has well educated staff. PARASRAM, a renowned & customer focused Financial Market player, is among the top stock broking groups in India, having memberships of leading Stock Exchanges. The group is a Depository Participant with NSDL and CDSL. We are One Stop Financial Supermarket currently caters to more than 130,000 High Net-worth Investors, NRIs, Corporate and retail clients through nationwide web of branch offices and business associates. Spread across 350 locations in more than 160 cities of India, the group aims to become one of the largest broking houses in India. so Parasram is Top Stock Brokers in India
Angel Broking
Angel Broking offers a low brokerage rate and a number of benefits, including free research and expert reports. The company also offers a mobile app and web-based trading. The company also offers a range of investment options and provides handholding and training. However, it doesn’t offer a three-in-one account, and you have to pay extra for a broker-assisted trade.
The brokerage rate varies depending on the brokerage plan you choose, and the amount you deposit. You can also get a free demat account if you have a certain amount of trading account balance. Angel Broking has offices in over 900 cities across India, and over 8500 franchise locations across the country.
Motilal Oswal
One of the leading stock brokers in India, Motilal Oswal is committed to providing high quality service to its clients. The brokerage offers access to Indian and US markets and offers a range of trading options. The company has dedicated teams that specialize in large cap and mid-cap stocks and financial instruments, and offers daily equity market reports. It also provides weekly commodity and currency market reports.
Founded in 1984, Motilal Oswal Financial Services Limited is a proprietary concern in Mumbai. Initially, the company’s founders, Motilal Oswal and Raamdeo Agrawal, started their business as sub-brokers. After acquiring the assets of Deo Securities Private Limited, Motilal Oswal went on to launch Motilal Oswal. In August 2010, they hosted their 6th Annual Global Investor conference in Mumbai, which attracted more than 500 investors and 110 corporates.
Upstox
Among the best stock brokers in India, Upstox stands out from the rest. The platform offers a host of trading features, including analysis and charting. The mobile app and web browser interface also make it easy for people to place orders. Upstox offers both free and paid services to traders. The cost to open an account is Rs 249, and yearly maintenance is Rs 300.
With a low-cost account opening fee, Upstox is among the most attractive stock brokers in India. The brokerage firm also offers a variety of advanced trading features, including a copy trading service. This kind of trading is considered an advanced version of social trading. However, you will need to open an account with Upstox before you can use its copy trading service.
Angel One Limited
Angel One Limited is a full-service stockbroker with a flat brokerage plan. The company has received numerous awards and is backed by a proven management team. The company focuses on offering customers the best value for their money and offers cutting-edge technology and personalized services.
The company has a strong physical presence in India and offers its clients a range of products and services. In addition, Angel One offers depository services through CDSL, one of only two depository participants in India. Angel One Limited has been in business for almost 30 years and has a clean track record, with no major violations of rules.
Kotak Securities
Kotak Securities is one of the largest full-service stockbrokers in India and is a subsidiary of Kotak Mahindra Bank. It offers investment services to both retail and institutional investors. Its broad range of services includes online brokerage and margin trading, depository services, stock recommendations, and third-party insurance.
Kotak Securities offers a zero brokerage plan for people up to 30 years of age. This brokerage plan is limited to stocks and options and is not suitable for investors with less experience. It is important to understand that you are liable to lose money if you lose money in your trades.
ICICI Direct
ICICI Direct is one of the leading stock brokers in India and provides a variety of financial services, from investment banking to institutional trading and wealth management. Its research desk offers a variety of services that can benefit investors and traders of all skill levels. Since its inception, the research desk has had an impressive 75% strike rate.
ICICI Direct’s electronic brokerage platform offers a comprehensive set of products. These include a variety of investment vehicles, including stock and mutual funds, as well as options, bonds, and futures. The company’s comprehensive offerings enable investors to take advantage of the latest developments in the financial markets. Its services are backed by ICICI Bank and provide seamless settlements. You can also monitor your portfolio with the help of its integrated interface.
Choice
The choice of stock brokers is an important decision for an investor. There are many options available and choosing the right one depends on your personal needs. The costs involved can vary widely, so it is important to compare each one’s fees and charges. Some brokers charge as much as Rs 1,500 for opening an account, but some offer free account opening. Full-service trade brokers charge a percentage of the value of the trades you make, while discount stockbrokers charge a flat fee.
Choice Broking is a full-service stockbroker that offers online trading and other financial services. Its mobile and web applications enable clients to make investments in stocks. It also offers other financial products, including mutual funds. In addition to stock trading, Choice offers after-market and pre-market orders, stop-loss market orders, and limit orders. Choice also offers a referral program that rewards clients for referring friends to the firm.
