Best Stock Broker Companies in India for Stock Trading

 When it comes to opening a demat account, we usually seek advice from a friend or an expert who has some experience in the stock market. This limits our understanding and we compromise on our actual needs.

Selecting the best stock broker involves several parameters to ensure that it aligns with your trading style and investment goals. Here are some key parameters to evaluate:

 

·         First and foremost, the stock broker should have a good track record with the regulatory authorities.

·         If the broker provides latest security measure to protect your personal and financial information like the 2Fa

·         If the broker provides their services on web, app and mobile that will be handy if you like to work on the go.

·         That provides good charting tools with indicators and drawing tools.

·         Then comes the most important parameter, the brokerage charges where majority of us base our decision.

·         Brokers who provide research reports and market analysis, stock screeners and educational resources have a edge, but they also charge for such services.

·         The customer services, the more agile they are the better.

·         Execution of trades remains one of the factors where most of us learn with experience. The ease and execution of trades with limited slippage should be one’s top priority in selecting the stock broker

·         Ease of use, the overall user experience including hassle free account opening, deposition of funds is another factor. Though majority of stock brokers provide various tools to send and receive money into our demat accounts. Still

Here is a comprehensive list some of the top stock brokers in India based on above parameters

 

Broker

Regulation & Security

Trading Platforms

 

Research & Analysis Tools

Customer Service

Product Offerings

Margin & Leverage

Execution Quality

Ease of Use

Accessibility & Mobile Trading

Zerodha

Regulated by SEBI

Robust and user-friendly platforms

 

Limited research tools

Responsive customer suppose

Stocks, ETFs, Mutual Funds, Commodities

Margin trading available; Leverage offered

Reliable execution; occasional lags reported

Intuitive platforms; easy account opening

Fully functional mobile app with features

ICICI Direct

Regulated by SEBI

Advanced trading platforms with research tools

 

Comprehensive research reports

Responsive customer suppose

Stocks, Mutual Funds, IPOs, Bonds

Margin trading available; Leverage offered

Reliable execution; minimal slippage

User-friendly interface; comprehensive

Mobile app with trading functionalities

HDFC Securities

Regulated by SEBI

User-friendly platforms with research features

 

Extensive research and analysis tools

Efficient customer suppose

Stocks, Mutual Funds, Bonds, IPOs

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Smooth navigation; comprehensive help

Mobile app with trading features

Sharekhan

Regulated by SEBI

Multiple trading platforms with research tools

 

Research reports and stock screeners

Responsive customer support

Stocks, Mutual Funds, IPOs

Margin trading available; Leverage offered

Reliable execution; occasional lags reported

User-friendly interface; clear navigation

Fully functional mobile app with features

Angel Broking

Regulated by SEBI

Innovative platforms with research capabilities

 

Research reports and technical analysis tools

Responsive customer support

Stocks, Mutual Funds, IPOs, Commodities

Margin trading available; Leverage offered

Reliable execution; occasional slippage

Intuitive interface; customizable tools

Mobile app with trading functionalities

Kotak Securities

Regulated by SEBI

Comprehensive trading platforms with tools

 

Research reports and market insights

Efficient customer support

Stocks, Mutual Funds, IPOs, Bonds

Margin trading available; Leverage offered

Reliable execution; minimal slippage

User-friendly interface; easy navigation

Fully functional mobile app with features

Upstox

Regulated by SEBI

User-friendly platforms with basic tools

 

Limited research tools

Responsive customer support

Stocks, Futures, Options, Commodities

Margin trading available; Leverage offered

Reliable execution; occasional lags reported

Simple interface; easy account opening

Mobile app with basic trading features

5paisa

Regulated by SEBI

Budget-friendly platforms with basic tools

 

Limited research tools

Quick query resolution

Stocks, Mutual Funds, IPOs

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Simple and intuitive interface

Mobile app with trading functionalities

Motilal Oswal

Regulated by SEBI

Trading platforms with research and advisory

 

Comprehensive research reports

Responsive customer support

Stocks, Mutual Funds, IPOs, ETFs

Margin trading available; Leverage offered

Reliable execution; occasional lags reported

User-friendly interface; comprehensive

Fully functional mobile app with features

 

 

 

 

 

 

 

 

 

 

 

Axis Direct

Regulated by SEBI

Integrated trading platforms with research

 

Research reports and market insights

Responsive customer support

Stocks, Mutual Funds, IPOs, Bonds

Margin trading available; Leverage offered

Reliable execution; minimal slippage

User-friendly interface; comprehensive

Mobile app with trading features

IIFL Securities

Regulated by SEBI

Diverse trading platforms with research tools

 

Comprehensive research reports

Efficient customer support

Stocks, Mutual Funds, IPOs, Bonds

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Smooth navigation; comprehensive help

Mobile app with trading functionalities

SBI Cap Securities

Regulated by SEBI

Established trading platforms with research

 

Research reports and market analysis

Quick resolution of queries

Stocks, Mutual Funds, Bonds, IPOs

Margin trading available; Leverage offered

Reliable execution; minimal slippage

User-friendly interface; easy navigation

Mobile app with trading features

 

 

 

 

 

 

 

 

 

 

 

Geojit Financial

Regulated by SEBI

Personalized trading platforms with research

 

Research reports and market insights

Responsive customer support

Stocks, Mutual Funds, IPOs, ETFs

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Easy account management; comprehensive

Mobile app with trading functionalities

 

 

 

 

 

 

 

 

 

 

 

Groww

Regulated by SEBI

User-friendly platforms with basic tools

 

Nil

Responsive customer support

Stocks, Mutual Funds, IPOs

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Simple and intuitive interface

Mobile app with trading functionalities

Fyers

Regulated by SEBI

User-friendly platforms with basic tools

 

Nil

Responsive customer support

Stocks, Futures, Options, Commodities

Margin trading available; Leverage offered

Reliable execution; minimal slippage

Simple interface; easy navigation

Mobile app with trading features

 

 A Comprehensive list based on various charges and user base

 

Stock Broker

Total Users

AMC Charges

Account Opening Charges

Equity Delivery Brokerage Charges

Intraday Brokerage Charges

Equity Futures Brokerage Charges

Equity Margins

Zerodha

Largest in India

Nil

Rs. 300 - Rs. 500

Rs. 0

Rs. 20 per trade or 0.03%

Rs. 20 per trade or 0.03%

Up to 20x depending on segment

ICICI Direct

Significant

Varies

Varies

0.275% - 0.75%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

HDFC Securities

Leading

Varies

Varies

0.25% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

Sharekhan

Prominent

Varies

Varies

0.1% - 0.5%

0.10% - 0.30%

0.10% - 0.30%

Varies depending on segment

Angel Broking

Growing

Varies

Varies

0.1% - 0.4%

0.01% - 0.02%

0.01% - 0.02%

Varies depending on segment

Kotak Securities

Significant

Varies

Varies

0.25% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

Upstox

Largest in India

Nil

Rs. 150 - Rs. 300

Rs. 20 per trade

Rs. 20 per trade or 0.05%

Rs. 20 per trade or 0.05%

Up to 20x depending on segment

5paisa

Growing

Nil

Rs. 0 - Rs. 650

Rs. 10 per trade

Rs. 10 per trade or 0.05%

Rs. 10 per trade or 0.05%

Up to 20x depending on segment

Motilal Oswal

Leading

Varies

Varies

0.15% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

 

 

 

 

 

 

 

 

Axis Direct

Leading

Varies

Varies

0.25% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

IIFL Securities

Prominent

Varies

Varies

0.15% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

SBI Cap Securities

Prominent

Varies

Varies

0.15% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

 

 

 

 

 

 

 

 

Geojit Financial

Growing

Varies

Varies

0.15% - 0.50%

0.03% - 0.05%

0.03% - 0.05%

Varies depending on segment

Groww

Leading

Nil

Nil

0.05% 

0.05%

20

Varies depending on segment

Fyers

Growing

Nil

Nil

Nil

0.03%

20

Varies depending on segment

 

 Shoonya by Finvasia is one of its kind providing no charges at all on all trades, barring the CDSL charges which one has to pay to the depository.

Fyers too is unique in a way that it allows to place orders, track P&L. With buy sell buttons on the charts itself, giving an edge to the traders with instant execution of orders and reducing slippage.

Based upon the above reports and analysis, If you are a day trader, platforms which provide quick trade execution with minimal charges are best. Whereas for long term trades, brokers that provide market reports and various fundamental tools along with screeners holds an edge.

Source - https://www.linkedin.com/pulse/best-stock-broker-companies-india-trading-deepak-singh-yorje/