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.
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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