Top 10 Stock Brokerage firms in India

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Stock Brokerage firms in India

Today we will talk about stock brokerage firms in India.
Before we start, there are a few things that you should know. First of all, there are two types of brokerage firms – Discount Broker and full-service stockbrokers.

Discount Broker: These Brokers don’t provide any recommendations or tips. Usually, they have very limited offices and provide only online support.
Zerodha, Upstox, Angel broking are examples of discount brokers.

Full-service Stockbroker: Full-service brokers are also known as Traditional brokers. These brokers provide additional services apart from the brokerage service.
These include research, advisory, retirement planning, and tax planning.

That’s the reason they have more brokerage charges compared to discount brokers. Motiwal Oswal, HDFC securities, Sharekhan is an example of a full-service stockbroker.

So let’s talk about discount brokers as well as full-service stockbrokers in this article.

1. Zerodha Stock Broker: Zerodha Broking Limited is an Indian financial services company offering retail and institutional brokerage, currencies and commodities trading, mutual funds, and bonds.
It was founded in 2010, headquartered in Bangalore. As of 2021, it has around 5M active customers.

Brokerage Charges: Rs zero for Delivery; 20 /trade for all other segments.
Stock Broker Ratings: 9.92/10

Top 10 Stock Brokerage firms in India

2. Upstox Stock Broker: Upstox limited is an Indian stock broking company. The company headquarters is in New Delhi, India. The company offers online investments in stocks, derivatives, commodities, currencies, mutual funds, and ETFs for both professional traders and investors. Even now you can buy and sell gold from Upstox as well.
Brokerage Charges: Rs zero for Delivery; 20 /trade for all other segments.
Stock Broker Ratings: 9.83/10

Top 10 Stock Brokerage firms in India

3. Angel broking Stock Broker: Angel Broking is an Indian stockbroker firm established in 1987. The company is a member of the BSE, NSE of India, National Commodity & Derivatives Exchange Limited, and Multi Commodity Exchange of India Limited.
Brokerage Charges: Rs zero for Delivery; 20 /trade for all other segments.
Stock Broker Ratings: 9.77/10

 

Top 10 Stock Brokerage firms in India

4. ICICI Direct Stock Broker: ICICI Direct is a retail trading and investment service of ICICI Securities. It offers services online as well as through a network of branches across India.
Brokerage Charges: 0.55%
Stock Broker Ratings: 9.47/10
Top 10 Stock Brokerage firms in India

5. Sharekhan Stock Broker: Sharekhan is India’s leading broking house providing services from easy online trading, research to a wide array of financial products. It also provides the buy & sells call to the customer.
Brokerage Charges : 0.5%
Stock Broker Ratings: 9.55/10

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6. Motiwal Oswal Stock Broker: Motiwal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. It is founded in 1987, headquarters is in Mumbai, India. Motiwal Oswal stockbroker also provides the buy and sell call to the customer.
Brokerage Charges : 0.5%
Stock Broker Ratings: 9.41/10

Top 10 Stock Brokerage firms in India

How Big is The LIC?

 

7. SAS Online Stock Broker: SAS Online probably is the cheapest and best broker in India. It is based out of New Delhi. Despite being ranked lower than other brokers, it is one of the fast-growing firms.
Brokerage Charges: Rs 9/trade or 999/month for each segment.
Stock Broker Ratings: 9.69/10

Top 10 Stock Brokerage firms in India

8. IIFL stock Broker: It is also known as India infoline. They started in 1996 and became popular stockbrokers in a very short period.
Brokerage Charges: Rs zero for Delivery; 20 /trade for all other segments.
Stock Broker Ratings: 9.59/10

Top 10 Stock Brokerage firms in India

9. HDFC Securities Stockbroker: HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. It was founded in 2000. headquarter is in Mumbai. India.
Stock Broker Ratings: 9.41/10

Top 10 Stock Brokerage firms in India

10. Axis Direct: Axis direct is a subsidiary of Axis bank. The brokerage unit was set up in 2005. They have more than 75 branches in India, they also provide services in equity, derivatives, currencies, Mutual funds, etc.
Stock Broker Ratings: 9.11/10

Top 10 Stock Brokerage firms in India

So, these are the top 10 stock broking firms in India. These companies offer different services at various price margins. If you are a new trader or investor, we suggest going with a Full-service stockbroker so that you get recommendations and knowledge of the Indian stock market to invest money wisely.

That’s all for today.

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