Who are the best stock broker in india ? if you are new in stock market or even if you have been in market for a while you would have heard of stock broker or share broker .
a stock broker is one who provides you a platform to buy or sell ( exchange ) of shares between you and stock exchange of india , india has two stock exchange NSE ( National stock exchange ) And BSE (Bombay stock exchange) where you can buy and sell shares but you can not directly buy it or sell it from exchange , so it is necessary for you to open a demat and trading account for investing and trading .
Without stock broker it is not possible for you to invest or trade in the stock market , I would briefly like to tell you difference between investing and trading if you are new in share market :
|1||Investing in terms of share market is basically buying shares of the company for long period. to make Cumulative return of invested amount||Trading is basically buying the shares of an company for short period of time to make profit in short span of time|
|2||How long is long ? basically long period means more than a year , Here investor view is to focus on long term growth of investment.|| In trading buyer looks for an opportunity to buy share of an company and sell in short period of time for quick profit
There are many types of trading Intraday , Swing etc.
So in the above table i have shared a brief difference between Investing and Trading , in case you are new , you should know what you are going to do between these two , i have shared it because i will be sharing best stock broker for both investing and trading purpose .
Best Stock broker in india :
We have listed above stock brokers in term of reliability , customer support , brokerage charges , trading platform performance , research and market tips .
1 Zerodha (best stock broker in india )
Zerodha is one of the best stock broker in india , zerodha broking limited was founded in August 2010 , after which the company has grown exponentially there are some reason see below :
It has 300rs/- account opening charges for both equity and commodity and 300rs/- annual maintenance charges .
|1||Over 1.5 million + client base .||Some of the others discount brokers provide more leverage .|
|2||Great customer support.|
|3||Brokerage charges are best for both delivery and intaday .|
|4||Nice and smooth trading platform in both mobile and PC.|
2. ICICI DIRECT (Best full service stock broker in india )
Icici direct is bank based , full service stock broker , it is one of the most reliable among users because it comes from banking background . icici direct brokerage has 2nd most largest customer base . Account opening charge for icici varies from o to 975 rs.
It has no AMC for first year and from 2nd year onward charges are 700rs.
|1||Comes from a banking background||Not best for intraday trading.|
|2||Reliable||mobile app has over 1m+ download but only 3.1* rating which is not best .|
|3||Great customer support.||High brokerage charges for both intaday and delivery.|
|4||3 in 1 demat account you can trade invest and no need to add money from external payment gateway you can add directly from your account|
3. HDFC Securities
HDFC securities is also one of the top notch bank based full service stock broker , and is highly reliable because it comes from banking background , HDFC Securities has no account opening charge for demat account , But has 750 AMC (Annual maintenance charge ).
|1||Highly reliable comes from banking background||Brokerage are slightly higher as compared to discount broker.|
|2||Great customer support.|
|3||Over 7 lakh + client base|
|4||No demat account opening charge|
Upstox is also a good discount stock broker with 6 lakh + active client base , upstox is good for intaday as well as delivery trade , upstox has two plans basic plan provide upto 20x leverage and priority plan which provides upto 25x leverage .
Upstox brokerage charges are also good for both intraday and equity delivery .
|1||Discount broker + Reliable .||There are some stock brokers which provides more leverage .|
|2||Provides good leverage up to 20x|
on cash segment .
|3||has 6 lakh + active client.|
|4||Nice and clean trading platform with 3.8* rating on playstore|
5. Angel Broking
Angel broking is at no. 5th with 6 lakh + active client base , angel broking has Zero account opening fee , it’s AMC for demat account is 450rs/- per year , angel broking has nice and clean trading platform and its brokrage charges are also good .
|1||6 lakh + client base .||Some stock brokers provide more leverage .|
|3||Low brokerage charges .|
|4||nice and fast trading platform .|
Above I have mentioned best stock broker in india these are among the top 5 in term of client base , support and performance , one thing i would like to conclude that :
For trading and intraday trades : Use zeodha , upstox , angel broking because these are discount broker , they provide you more exposure/margin , and their trading platform are very fast , one more point is that you will have to pay very less brokrage as compared to full service broker.
For Investment purpose : I would suggest you to go with full service broker like hdfc and icici because they belong to banking sector and are more reliable too .