Like to know about top ten stock broker in India 2021 ? We have scrutinized India,s hundred of stock brokers for thier brokerage charges, demat account opening fees, AMC charges and obviously trading platforms provided and prepare a list of top ten stock broker for low brokerage charges, better coustomer support and leading in financial industry.
A list of top ten brokers to choose from in 2022 . This will end your search irrespective of whether you are a new investor or not. Before we begin with the top ten list I request you to go through our a previous article on How to choose a stockbroker in India.
Niftyfriend for more such one-stop information related to investment. Before selecting a stockbroker firstly determine your financial goals, risk
There are two types of stock brokers majorly:-
(a) discount brokers ( Stock broker provied limited financial products )
(b) full-service brokers. (Provieds large nos of financial services )
So we will be recommending the top ten brokers in each of the categories considering your requirements while choosing them for trading purpose.
Table of Contents
The list of top Discount stock brokers in India-
1. ZERODHA
● Rs.300 is the Demat account opening fee
● Rs.300 is the Demat account AMC
● Rs. 20 or 0.01% whichever is lower for NRI and Flat Rs.20 for
others are the brokerage rate
● Zerodha Kite 3.0 is a lightweight, low bandwidth, multi-language
based trading platform
● Provides NRI trading as well
● Offers 3 in 1 account with IDFC Bank
● Unique customer support as at times queries are answered by
the CEO himself
● Zerodha coin is a unique feature for direct investments
2. Wisdom Capital
● Free Demat Account opening
● Rs.999+GST is the Demat AMC
● No minimum brokerage
● Single ledger for all segments
● Client support over toll-free calls, emails, live chat
● Trading in metals and other commodity futures also available
3. 5 Paisa
● Free Demat account opening
● Rs.400 is the demat AMC
● Rs.10 per executed order is the brokerage rate
● Investment, trading, Insurance under one roof
● 2 in 1 trading account is offered
● Client support is quite user-friendly
Do read our detailed reviews on 5 paisa
4. SAS Online
● Demat Opening account fee is Rs.200
● Demat account AMC is Rs.200
● The brokerage rate is Rs.9 per trade
● No fixed monthly charges
● Margin against shares option is available
● Trading in various modules like equities, FNO, currencies,
commodities
5. SAMCO
● Free Demat account opening
● No AMC for the demat account
● Brokerage charges flat Rs.20 per trade or 0.02% whichever is
lower
● Referral credits are available
● No monthly plans
● 2 in 1 account type
● High leverage for trading in Equity intraday
● Unique calculation tools available for free
6. Upstox
● Demat account opening charge is Rs. 150
● AMC is Rs.150 from 2nd year onwards for the Demat account
● The brokerage rate is Rs.20 per executed order
● Eligible to provide DP (Depository Participant) services
● Various referral programs are offered to existing clients
● Call and trade feature is available at Rs.20 per call
7. Trade Plus Online
● Demat account opening charges are Rs.199
● Rs.900 for 10 years is the Demat account AMC charges
● Rs.20 per trade is the brokerage rate
● EKYC facility is available
● NRI trading services are available
● Free delivery trading
● Online IPO facility
8. Trade Smart Online
● Rs.200 is the demat account opening charges
● Rs.300 is the demat account AMC 2nd year onwards
● Brokerage charge is Rs.15 per order
● For low volume traders, percentage-based plans are also
available
● Margin against shares option is also available
● Monthly plans are available
9. Trade Jini
● Rs.300 is the demat account opening charge
● Rs. 300 is the demat account AMC
● Brokerage rate is Rs.20 per executed order
● Integrated online platform
● In house CDSL DP services
10. ProStocks
● Demat account opening charges are free
● AMC charges of demat account are free as well
● A flat fee of Rs.15 per trade
● User-friendly client support
● Cheapest call and trade as the charge is only Rs.10 per call
● Monthly and annual plans available
● Fully online account opening process
● NRI Trading is available
Top ten Full-Service stock Brokers in India
1. ICICI Direct
● Rs.975 is the account opening charge
● Rs.600 is the AMC for Demat account
● 0.55% is the brokerage charge
● 3 in 1 trading account
● Largest Equity E Broking house
● Two types of brokerage plans available that is Fixed and
variable
● Research and recommendations are up to the mark
● Various investor awareness programs are conducted both
online and offline
● 24*7 customer support service via live chat, email, and phone
2. ANGEL BROKING
● Free account opening
● Rs.450 AMC for demat account
● Brokerage charge is 0.50%
● Access to all market segments
● Unique app-based platforms for trading
● Registered as DP with CDSL
● Advisory services are also provided
● Various investment types are offered
3. SHAREKHAN
● Rs.750 is the account opening charge
● Rs. 441 is the AMC charge for demat account
● 0.50% is the brokerage rate
● Quality of research is excellent
● Various products are offered
● Multiple Portfolio Management Schemes are available
● A unique feature of a Robo advisory tool is available
● Dial N Trade is a unique feature to place orders
● Online NRI services are available
● A huge and strong network built
4. HDFC SECURITY
● No account opening charges
● Rs.750 is the demat account AMC
● Rs.25 or 0.50% whichever is higher is the brokerage rate
● 3 in 1 trading account
● Blink is the platform to place orders at a very fast and
convenient speed
● Free call and Trade
● Various add on services are provided
● Various products available to trade in
● NRI account option is available
● Online investor awareness programs are run
5. KOTAK SECURITIES
● Account opening fee is Rs.750
● Demat account AMC is Rs. 50 per month
● Brokerage charges are 0.49%
● 3 in 1 account type
● No monthly plans available
● Various brokerage plans are offered
● Robust trading software KEAT Pro
● Margin against securities is provided using shares in your
demat account
● After Market Orders and Portfolio Management Service is
available
● Comprehensive research platform
6. IDBI PAISA BUILDER
● Account opening charge is Rs.700
● Demat account AMC charge is Rs.350
● 0.50% is the brokerage rate
● NRI investment services are offered
● Market research is excellent
● User-friendly web portal
● 3 in 1 account type
● Multiple investment offerings like Equities, Derivatives, Mutual
Fund, IPO, Fixed income products.
7. EDELWEISS
● Account opening charge is Rs.750
● Demat account AMC is Rs. 500 from 2nd year onwards
● Brokerage rate is 0.55%
● Strong research coverage
● Integrated online and offline trading
● Number of trading platforms are available
8. MOTILAL OSWAL
● Account opening charges Rs.550
● Rs.900 is the AMC for demat account
● Free call and trade service
● Brokerage rate is 0.50%
● Various range of services and products are available
● Advisory services are also provided
9. SBI SECURITIES
● Account opening charge is Rs.850
● Rs.350 is the demat account AMC charge
● 0.75% is the brokerage rate
● Operational ease
● Timely advice
● 3 in 1 trading account is available
10. INDIABULLS
● Rs.1350 is the account opening charge
● Rs.450 is the demat account AMC
● 0.30% is the brokerage rate
● 2 in 1 account type
● Comprehensive real-time reports
● Own DP service
● User-friendly mobile app
● Various products are offered for investment
● Customer support available only in the market hours
● Supports NRI trading
We have provided you with the top-ranked Brokers in both the categories
along with the charges and unique features. Since the market is subject to
risk, do make a calculated and timely decision before you take any further
steps.
Hope it helps !!
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