In recent years, investors have been putting a lot of money into the Indian stock market. The concept behind stock market investments is that they carry a certain amount of risk.
However, the large profit margin has attracted more and more traders to the Indian stock market.
Who is a stockbroker?
Before you decide on becoming an investor, you need to register with a stockbroker. The stockbroker will act as a middleman or an intermediary between the market and the trader. So, before investing in stocks, you have to know the best stock brokers in India.
The stockbrokers are prominent members of big stock exchanges like BSE and NSE.
Types of Stockbrokers
In the Indian stock market, there are two types of stockbrokers:
- Full-service stockbrokers
- Discounted stockbrokers
Full-service brokers
This broker offers many services like local support, stock trading, and research support.
Discounted Stock Brokers
The discounted stockbrokers only deal in stocks and commodity trading services. Mostly, the discounted brokers do not offer add-on benefits like wealth management, brand support, and advisory.
Know about Best Share Market Brokers in India
Next, we will discuss some of the Top Brokers In India Now!
Zerodha
Firstly, Zerodha is one of the most popular discounted brokers.
Zerodha is one of the best brokers in India. The broker is one of the first trading companies to adapt discounted brokerage services. The trader has headquarters in Bangalore and owns 15% of the entire client base of India.
Key Points:
- Most of the investors trust the broker
- The company has a simple brokerage plan
- First go-to-choice for all investors
- Fixed brokerage charge of Rs20/trade on intraday
- No brokerage charge on delivery
- The best customer support available in the market
- Advanced charting options
- Tools for trading and technical analysis
Upstox
The next name on the list of the best brokers in India is Upstox. The broker is rapidly growing in the market. All the traders who trade larger volumes and search for higher margins prefer Upstox. The broker is popular among traders who prefer competitive brokerage and advanced trading platforms.
Key Points:
- Uses will have a free brokerage credit of Rs 1,000
- A fixed broken charge of Rs20/trade
- No brokerage fee on a stock delivery
- Access to advanced trading platforms
- Users can enjoy advanced charts and trading tool
- Famous entrepreneurs like Mr. Ratan Tata, GVK Davis are known to fund the broker.
Angel Broking
Thirdly, we will talk about Angel Broking. Angel Broking has been ruling the Indian stock market since 1987. The broker is essentially known for its expert advice service and result-oriented research.
The broker also provides an advanced trading platform. Angel Broking is a member of NCDEX and MCX and has CDSL certification.
Key points include:
- The broker provides a flat brokerage of Rs20/trade
- You can trade six to eight times on margins for day trading
- Provide a user-friendly Demat account
- Advanced trading platform and mobile application
- Directly invest in mutual funds, bonds, IPO, and currencies
India Infoline (IIFL)
Next is the India Infoline, IIFL. It is one of the best stock brokers in India. The broker started operating in 1996. Within a short period, they have established 500 offices all over India.
While trading with IIFL, the brokers can trade in stocks, derivatives, IPO, and insurance.
Key points:
- No charge on a stock delivery
- Flat Rs20/trade on intraday, options, and futures
- Access to asset management and investment banking
- You can easily manage and control wealth and portfolio
- All the customers can get various loans (home, auto, personal, gold and business)
Best Stockbrokers in India- Conclusion
There are millions of full-service and discount brokers all over India. All these stockbrokers offer a ton of value-added services to their customers.
In conclusion, remember to select the preferred brokers based on the brokerage charge, trading platform, advisory services, and customer support.
We have also mentioned the best stock brokers in India. You can go through all its features to get an idea.
Disclaimer: No Deccan Chronicle journalist was involved in creating this content. The group also takes no responsibility for this content.
