Top 5 stocks broker in India

When choosing a stock broker, a suitable guide is required. It is a great advantage to be familiar with the best players in the stock broking business, so you can pick the best choice quickly. The benefits and viability for the best industry participants in comparison to their competitors are immense.

Here is the list of top 5 brokerage houses of India. They are potentially the most effective alternatives with substantial expansion, which makes it really accessible around the world.

1. Zerodha

• Overview: In terms of overall active customer base, Zerodha is India’s biggest stock broker. Zerodha has been one of Indian stock and derivatives trading economies’ most recent participants, who has pioneered technology-based interweaving with traditional financial markets, offering the Indian traditional equity and derivative market a great boost
• Brokerage fees and charges: Delivery based transactions in equity have no brokerage commissions. Since December 2015, this is the law laid down by Zerodha. The applicable prices will be Rs 20 per transaction for Equity Intraday trading, whichever is lower. The same prices will apply to the stock securities, but, where appropriate, the brokerage will also depend on the turnover. Thus, Rs. 20 will be the required brokerage per transaction. Zerodha also provides a live brokerage calculator to enable market participants to measure their purchase and sale brokerage costs.

Why to choose Zerodha?

Here are the reasons why one should choose Zerodha as their brokerage house

• Zerodha has legitimately won the trust and admiration of new age traders who favor digital exchange channels to traditional ones
• The discount broker is already recognized with the biggest honors, such as the “Retail Brokerage of the Year 2018,” given to it by the National Börse, the 2017 Retail Broker award issued to them by Outlook Money and the Ernst & Young 2017 Year Entrepreneur award.

2. Angel Broking

• Overview: Angel Broking Pvt Ltd has become one of India’s best brokerage firms since 1987. It provides its clients with new and useful trade channels and specialist advice.
• Brokerage Charges and fees: The charge for Angel Broking Demat is free. The brokerage house does not charge opening fees on any account. Depending on the consumer number, the AMC is also free for the first year. The AMC will be openly paid for Rs.25,000 & more and less than Rs.25,000 Rs.300 AMC will be charged. The minimum required margin is zero. CDSL is the depository participant for the brokerage house and the AMC for trading account is completely free of charge.

Why to choose Angel Broking

• Offers Versatile brokerage plans for all sorts of traders and a free demat account
• High speed trading channels for all devices and browsers
• Facilitates investment in all asset classes

3. IIFL:

• Overview: IIFL wasfirst established by India Infoline (IIFL) in 1995. It is an Indian Infoline Community brokerage venture. IIFL in India is a rapidly growing provider of financial services.
• Brokerage Charges and fees: It charges 0.50% percent brokerage fee for delivery transactions, while the charges for intra-day stock trading, commodities derivatives, equity futures trading and currency futures trading is 0.05 %. The broker charges Rs.100 a lot or 1% of Premium (higher of the two) for equity options and currency options.In addition, Rs.400 for the repair and maintenance of the account in the stock broking house is charged from the customers and customers also have to place the Rs.10,000 margin money for security.

Why to choose IIFL?

• It provides accelerated trading and enables consumers to monitor top 500 stocks.
• Provides several trading platforms including new generation trading terminals, smartphone app markets and the TT Online Trading Terminal.

4. Sharekhan:

• Overview: Originally part of SSKI Group, the Sharekhan brand was eventually purchased by the BNP Paribas Group. It has divisions and franchises in more than 550 Indian cities.
• Brokerage Charges and fees: The firm charges 0.5% for the Stock Delivery Trading, 0.1% for the Intraday Trade, 0.1% for the potential Equity futures transactions and 0.1% for the Commodity Transaction. In respect of the Currency Futures exchanged, the broking house charges 0,1%, Rs 100 per lot (2,5% in large or premium tradings), Rs. 30 per lot (or 2,5% in premium dealing or in high price trading) in respect of the Trading in Currency Options and the annual charges for maintaining the demat account are Rs. 300.

Why to choose Sharekhan ?

• They are one of India’s first brokerage firms to expose the nation’s traders and consumers to the very idea of online trading.
• They have a humiliating network of over 2600 outlets across 575 cities and 208 states waiting in order to provide you with some of the industry’s finest services and goods.

5. ICICI Direct:

• Overview: ICICI Direct is another leading retail equity brokering company in India, providing retail and institutional customers a wide variety of investments. ICICI Securities belongs to the group ICICI. The brokerage house delivers these services through ICICI Direct to over 20,00,000 clients.
• Brokerage Charges and Fees: ICICI Direct will charge a brokerage fee of 0.03%–0.05% for Currency Futures Trading, 0.03%–0.05% for Equity Futures Trading and 0.55% for Equity Delivery Trading, 0.03%–05% for Equity Intraday Trading. A broker has to pay RS. 35 – RS. 95 per lot for the Trading of Equity Options, Rs. 10 – Rs. 35 per lot for the Trading of Currency Options and Rs. 35 per lot as Minimum Brokerage is charged by ICICI Direct. The charges for opening the account is Rs. 975 if you hold a non ICICI bank account.

 

Why to choose ICICI Direct?

• It has a 3-in-1 account that combines the accounts for finance, investing and demat. The online trading environment is the best experience here
• Many other Indian online businesses need money to be converted to banks or to the broker’s pool. But you can handle your own banks and demat account on ICICIDirect from the same ICICIdirect.com portal.

Conclusion

This was a concise review that contains all the things you need to take into account. The names of the top stock brokers, who currently govern the stock market, are visible. You can also get a rundown of the key reasons why they are still on the list.