Top 5 Stock Brokers In India
24 June 2020, Wednesday
Stock market crashed in March-2020 due to Corona virus pandemic. This downfall is still continuing. One legend person said "Crashed market is the best time for investment". Reason is most of great companies are available at discounted price. This time is best time for investing in equity.
So first question come in mind that how should I start ? So, first of all you should have demate account in which you can buy or sell shares. There are so many platforms available which is providing all services related to stock market. It is called stock brokers. These stock brokers take some charges and provides facilities. In this article we will discuss about top 5 stock brokers in India.
1. Zerodha : Zerodha is leading online stock broker in India. It is the biggest stock broker in India in terms of active retail clients. Over 2+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.Pricing is lower compare to other brokers.
2. Upstox: Upstox is backed by Ratan Tata. It is also online stock broker. Recently Upstox crossed 1+ million customers. It is emerging platform. You will be charged ZERO brokerage fee for equity delivery trading. For equity intraday trades, brokerage charges are Rs. 20 per order or 0.05% (whichever is lower) for both buy and sell orders.
Upstox is providing good service products like PRO WEB, PRO MOBILE, LIVE CHAT etc. You can open free demate account
3. 5paisa : 5paisa is India's fastest growing discounted stock broker. 5paisa Capital, became the first discount brokerage house in India to get listed. 5paisa Capital, became the first discount brokerage house in India to get listed.
You will get some researched products like Swing Trade, Small Case, Screeners etc.
4. Motilal Oswal : At MOSL, it make equity trading easier, more predictable, and more rewarding for customers. Whether you are a long-term value investor or a day trader; a beginner or a professional investor looking to trade on leverage, it provide you with access to various investment and trading products, sound research and advice and secure tools to help you achieve your goals with ease. The broking house charges 0.05% brokerage on the overall trade value of Commodity Options Trading, Equity Futures Trading & Currency Futures Trading. Rs.70 per lot in terms of brokerage for Currency Options Trading.Apart from these, they also charge a sum of Rs.300 on a yearly basis in terms of AMC for the sake of maintaining a Demat Account and a minimum brokerage with respect to a certain percentage of trading.
5. Angel Broking : Angel Broking is also good platform but as per my personal opinion it takes bit more charges compare to others.
Services are very good. Angel broking provides many services like trading account, IPO, demat account etc.
So, this is the list of top 5 stock brokers in India according to me. May be your opinions are different. I respect your opinions.
Extra Knowledge: Best YouTube Channels For Stock Market Beginners
Disclaimer: These are my opinions. Take your decisions after doing your own analysis
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