Investors should know the “best stock brokers for trading in India” before opening a trading account. The following article elaborate “top stock brokers offering” to their investors. Key factors need to consider are customer service, product offerings, trading charges and platforms. Other factors are service which includes call & trade, margin offering, advisory services & tips.
This guide will highlight the best brokers in each category.
1. Trading Charges
What does it cost to do a trade? Does the fee charged based on % of transactions or flat fee? To keep it simple, look for brokers that offer flat fee trades or fix monthly charges. The discount brokers are the best brokers for trading in India to meet this need. The broker should have a clear policy on trading charges. Be aware about the hidden charges or minimum brokerage charges.
Top 5 Discount Brokers in India
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Zerodha | Zerodha -Free Delivery Trades and Maximum Rs 20 Per Executable Order for all other segments including MCX.Number 1 discount broker in India. | 4.5/5 |
| 2 | 5paisa | 5paisa – Rs 10 Per Executable Order in any segment. Number 2 discount broker in India. | 4.5/5 |
| 3 | Upstox | Upstox – Rs 0 Delivery Trading and Maximum Rs 20 Per Executable Order for all other segments including MCX. | 4.5/5 |
| 4 | SAMCO | SAMCO – Maximum Rs 20 Per executed Order. | 4.0/5 |
| 5 | Fyers | Fyers – Max Rs 20 Per Executable Order | 4.5/5 |
In summary, discount brokers are offering trading facilities with Max Rs 20 Per executed orders in all segments. Services offered by Discount brokers are DIY “Do It Yourself“. The broker provides you the best trading platform and mobile app. You need to make your transaction by your own.
Trading Platforms & Tools
Satisfaction between broker and investor is depends completely on how easy and effective one can do his trading. The brokers should offer robust and stable trading platform. As the demand of mobile apps and web base trading terminals is increasing. It’s very important for brokers provide low bandwidth, customer friendly and fastest platform. For active traders, execution speed and fill price are very important.
Top 5 Brokers by Trading Platform
| Rank | Brokerage House | Plan Details | Rating |
|---|---|---|---|
| 1 | Zerodha | Zerodha Kite is the best trading platform and mobile app. Easy to use and complete solution as desktop trading platform. | 4.5/5 |
| 2 | Upstox | Upstox Pro is in house developed trading platform with all the required feature on web and mobile app.. | 4.5/5 |
| 3 | IIFL | IIFL Trader Terminal is a world class trading tool. | 4.0/5 |
| 3 | Sharekhan | Sharekhan Trade Tiger is the best trading platform in India Stock Market. | 4.0/5 |
| 5 | SAMCO | SAMCO STOCKNOTE trading app from SAMCO, award winning mobile app.. | 4.0/5 |
Final Conclusion
When you choose your trading or Investment partner, brokerage is not only a criteria. You need to check all other factors like customer service, Call and Trade facility, Trading Platform and type of Investment you want to do. In Discount brokers Zerodha, 5Paisa, Upstox, SAMCO & Prostocks can be considered. In full service brokers ICICIDirect, Sharekhan, Angel Broking & IIFL for your Investment needs.
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