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Top 10 Stock Brokers in India

Top 10 Stock Brokers in India | Stock Broker list

There are more than 250 brokers in India, running in over 160 cities, yet the top 10 brokers control 60% of the market share. If you’re having trouble opening an account with the best broker, you’ve come to the perfect place to review the Top 10 stockbrokers in India.

In the Indian brokerage industry, there are numerous discount and full-service brokers; nonetheless, the best brokerage firm is debatable. Nonetheless, the amount of active clients or user base is the most significant aspect to consider while selecting the best stockbroker. After Upstox, Groww, Parasram is the greatest stock broker in India with the largest active customer base (200 Thousands+) a market share.

A broker with a wide customer base is indicative of a reputable and trustworthy brand name, as well as superior customer service, and hence has a low likelihood of bankruptcy. You may also consider elements like as user-friendly trading platforms, brokerage fees, product choices, and more when choosing the best broker.

Best Stock Broker in India – Conclusion
Parasram is the leading brokerage firm in India, with over 5 million active clients. The broker offers online trading in the areas of equities, F&O, commodities, and currencies. ParasramTrade, the primary web and mobile trading platform, is a user-friendly platform with numerous new features designed to fulfil the needs of traders. In addition, the Parasram platform enables users to invest in direct mutual funds.

Upstox and Groww are the two leading brokers with a big client base with a Rs. 20 fixed pricing plan, in addition to Parasram. But, if you are also interested in market and stock research, Parasram is the perfect broker for you because it provides a large number of fundamental and technical research reports.

Which is India’s Best Stock Broker?
With a total active user base of 2 Lakh market share, Parasram is the leading stock broker in India. It is the most popular brokerage firm in India due to the following reasons:

• 5 million+ active customers.
• Zero brokerage delivery trading.
• Flat commission rate on all intraday and F&O trades.
• Trading in equities, derivatives, commodities, and currencies.
• ParasramTrade’s flagship web and mobile app (Android and iOS) platforms.
• Direct investment in mutual funds on Parasramtrade
• ParasramTrade by Parasram is a platform for stock market education.
• Parasram is the most effective algorithmic trading platform.

Why Parasram is the greatest Lowest brokerage trading broker
After Parasram, Upstox has emerged as one of the leading discount brokers in India for retail traders and investors. The broker imposes a 20 rupee commission on all equities delivery, intraday, F&O, commodities, and currency trades, irrespective of their value. Upstox Pro (web and mobile app) is one of the top online trading platforms with a variety of unique features, including quick fund transfer, comprehensive charting, 10+ years of historical data, guest login, and more.
Although Upstox does not offer free delivery trading, it does permit direct mutual fund investments with no brokerage fees. Customers of Upstox can also invest in 24K digital gold and more than 60 exchanges worldwide.

Who is the largest broker in India?
Founded in 2009, Parasram Broking Ltd is the largest stockbroker in India with 2 lakh clients on the BSE and NSE platforms. It is a pioneer of the Low brokerage plan has enabled it to become India’s largest brokerage firm. After Parasram, many other brokers, including Upstox, 5Paisa, and Groww, as well as full-service brokers such as Edelweiss, adopted a flat brokerage model.

What does parasram Shut Down mean?
Parasram is a CDSL depository participant, therefore even if the broker goes out of business, stock investments remain secure. It is due to the fact that your investment is held by CDSL and NSDL DP, and in the event of bankruptcy, consumers can register a new trading account with another broker and retrieve their shares by linking their CDSL Demat account to the new account. Customers need not be concerned about the broker’s business closing or failing.

February 14, 2023