Best Stock Brokers in India: Online Trading 2019
Stocks and shares investment are extremely popular amongst investors all across the globe. Here, we have the Best Stock Brokers in India 2019 list for everyone. The countless benefits involved in it are hidden from no one. To make the whole process convenient and easy for the investors, stock brokers India offer their services. A lot of folks are also looking for the Best online trading platform in india Trading is not as easy as it sounds. It demands knowledge and a deep understanding of the dynamics of the market and the ever changing trends. The stock brokers can make the process of trading in stocks as well as shares very easy by giving a comprehensive backing to the investors in this challenging domain.
Best Stock Brokers in India
A stock broker in India is a certified member of National Stock Exchange and the Bombay Stock exchange. This keeps him updated about market fluctuations, hence having a better idea of where and when to invest. Best Brokerage Firm in India For Stocks is given here for everyone. A stock broker has the right knowledge of buying and selling shares in the market. An experienced and smart broker can bring the investors innumerable benefits.Considering the increasing involvement in share trading online, brokers are now actively involved in web-based stock trading. You can contact him on the net through the trading website, take expert guidance and reap the benefits you get!
Online Discount Brokers
CHEAP STOCK BROKER LIST
|List of Discount Brokers||Account Opening Charges||Maintenance Charges||Brokerage in NSE all Segments||Brokerage in MCX all segments||Nifty Future Breakeven Point||Crudeoil Breakeven point||Intraday Leverage/
Exposures in MIS
|Delivery Leverage Margin(CNC)|
|Wisdom Capital||Free||Lifetime Free||0.00%||0.00%||1.84||0.5||Upto 200 times||Upto 5 times for CNC|
|Zerodha||Rs 200||Rs 300||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.15||1.07||Upto 20 times||0 for CNC|
|RKSV||Rs 200||Rs 150 per year||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.56||1.07||Upto 20 times||1X for CNC|
|SAMCO||Zero||Rs 400/year||Rs 20/trade or 0.01% whichever is lower||Rs 20/trade or 0.01% whichever is lower||2.56||1.71||Upto 15 times for||3X for CNC|
|SAS Online||Rs 300||Rs. 200||Rs 9/trade||Rs 9/trade||2.86||0.9||Upto 20 times||3X for CNC|
|Trade Smart online||Rs 200||Rs. 300||Rs 15/executed order||Rs 15/executed order||3.84||1.03||Upto 5 times||3X for CNC|
|5Paisa||Rs. 650(1 time)||Rs. 400/year||Rs 10 /executed order||Trading in MCX is not available||2.19||1.07||Upto 15 Times||2X for CNC|
|Trade Jini||Rs. 300||Rs 300/year||Rs 20/executed order||Rs 20 per executed order˜||2.13||1.07||Upto 20 Times||1X for CNC|
|Astha Trade||Rs.650||Rs.300||0.01%||0.01%||3.22||1.65||Upto 40 times||10X for CNC|
|Fyers||Zero||Rs. 400/year||Rs 20 /executed order||Trading in MCX is not available||2.23||NA||Upto 15 times||1X for CNC|
Note :Calculated on 203 trades annualy buy at 200 sell at 205 ,default qty 1000 ,comparison brokerage 0.05%
Full Service Stock Brokers
Account Opening Details
Major Full Service Brokers in India
How to invest in Indian stock market?
That is a very wise decision. However,for your decision to be fruitful, you need a stockbroker. The stockbroker will facilitate you with the trading tools you need to trade or invest in the exchange. There are three main stock exchanges in India. These are theBombay Stock Exchange (BSE) ,MCX and the National Stock Exchange (NSE). The regulation does not allow for any individual to trade directly with any of the three exchanges. For you to do this, you need the services of a stock broker. Now you need to understand why it is important to have the services of a stock broker in India. Equally important, you need to know which broker to hire. This is a challenge that every trader or investor has to contend with. The three most popular stock exchanges have hundreds of practicing stock brokers. Selecting one that is suitable for your needs may be a bit daunting. To help you in this, we have compiled the following parameters for comparing stock brokers in India.
- What Type of Broker do you want? In India, brokers are categorized based on the investment products they deal in. Generally, there are two types of stock brokers. These are discount brokers and full-service brokers. Discount Stock brokers –These brokers deal in few investment products. However, they scale lower than full-service brokers in terms of trading costs. They are best recommended if you are the type of person who knows their way around stock investment and trading. Full-Service Stock brokers These offer a wide array of investment products. From stock analysis to banking services, full-service brokers have many investment options for their clients.
- Which supported exchange does the broker deal in? Stock brokers work in stock exchanges. You may want to choose your stockbroker based on their level of influence and competence in a certain stock exchange. As mentioned earlier India has three main stock exchanges: NSE, BSE, and MCX. However, for commodity trading, you can choose CAE, ICEX, NMCE, NCDEX, and MCX.
- What Type of Account does the broker Deal in? Most stock brokers offer a variety of accounts. A discussion with your preferred broker is important so that you can get the accounts that suit your needs. The brokers usually display the details of the investment products they offer on their pages.
- What are the Charges of the Stock broker?
- Trading account Opening Fees Stock brokers charge a non-refundable trading account-opening fee. The fee chargeable will differ with different stock brokers and the type of account.
- Trading Account Maintenance Fee (AMC) You can compare stock brokers based on how much they charge for maintaining your trading account. This fee varies depending on the broker and type of account. The stockbroker automatically deducts it from your account at the start of every trading year.
- Fees for Opening Demat Account Whenever a Demat account is opened, the broker will charge some fees. Again, the fees payable varies depending on the broker.
- Maintenance Fee for Demat Account The stockbroker charges a annual maintenance fee that is automatically deducted from your account. You can base your choice of stockbroker based on how much they charge on this account.
- What Investment Options does the Broker Offer? Stock brokers offer a wide array of investment products. Check out for any of the following:
- Equity/stock Depending on the stockbroker’s sphere of influence, the stock brokers can provide you with the opportunity to invest in the listed stock.
- Debt Products You can invest in debt products like Fixed Maturity Plans (FMP) and Fixed Deposits through stock brokers.
- Initial Public Offers Brokers can help you to invest in IPOs of companies. IPO is a means for companies to raise additional capital from the public by selling shares.
- Mutual Funds This is an investment vehicle that is considered long-term. Mutual funds can be held in trust for a project that one intends to accomplish in future.
- NCDs/ Bonds Through stock brokers, you can invest in bearer bonds and treasury bonds. The government usually issues these. It is a means that governments use to raise capital from the public. Bonds usually offer very attractive interest rates.
- Commodity Trading You can trade in commodity through your broker. Commodity trading is an area that has risen in popularity in the recent past. It is an alternative instrument of trading/investment aside from the traditional bonds and stocks. Your stock broker should be able to guide you on the commodities that are worth investing in. Energy commodities like gas and oil earn some very good returns. You could also consider investing in precious metals like copper, silver, gold, etc. Some brokers deal in soft commodities. Soft commodities are things that are grown like cocoa, corn, sugar, and wheat. Other investment products that you can use to compare stock brokers include Pension Plans, Banking Services, and Insurance Policies.
- What Kind of software Features does the broker share with you? Stock brokers should allow their clients to follow their activities. There are a number of platforms for doing this. Check to see whether the stockbroker has the following features:
- Charting for Stock Analysis Does the broker offer technical and basic charts to help you do a commodity and stock analysis? A reputable broker should offer this feature on their portal.
- Mobile Stock Trading Some brokers offer a platform for mobile trading. This is a very convenient feature for investors and traders.
- Online Portfolio Does the broker enable you to view your profits and losses in an online portfolio? Can you be able to tell your holdings and total investments by just going through this portfolio? A reputable stockbroker will offer their customer an online portfolio. From this platform, the customer will track how their investment is performing in comparison to the trends in the market.
- Online Demonstration Reputable stock brokers provide their clients with an online demo of their back office and trading platform. Through this platform, the stockbroker will show you how their office operates and how they conduct their business. The demo should also explain the stockbroker’s regulation and terms of service. You will then be in a better position to determine whether you would like to engage them or not.
- Computer Trading terminal Find out whether the broker offers computer trading to their clients. Computer trading goes by various names, depending on the stockbroker you are dealing with. It can also be referred to automated trading, program trading and robotic trading. Find out whether there are added trading costs for accessing this facility from the stockbroker.
- After Hour Trading Some traders allow their clients to place orders after trading hours. Such orders are posted on the exchange the very first thing on the following trading day. The advantage of this facility is that you will be able to place your orders when it is most convenient for you. You are not confined to the hours between 9am and 4pm.
- Multiple Accounts Stock brokers who offer three-in-one accounts have a distinct advantage. These accounts include an account for Banking Services, a Demat Account and a Trading Account. This kind of arrangement is very friendly to casual investors and beginners.
- Good Till Cancelled (GTC) This facility allows you to place an order which will remain in force until either a number of days elapse, or it is executed. As such, you get to decide how long your order should be active. You also decide on the equity scripts you want to invest in.
- Toll-Free Phone Lines This facility allows the customer to call the stock broker free of charge. The charges are reversed and paid for by the stock broker. With this feature, you can call the number given to voice your complaint, comments or give some specific instructions regarding your account(s).
- Online Live Chat This feature allows for real-time interaction between the stockbroker and the customer. You can use the facility to discuss possibilities in your investment/trading portfolio.
- Email Support This facility enables the customer to get support through the email. The stockbroker can use this channel to pass on bulletins and reports. It also provides a good forum for the customer to interact with the stock broker and discuss how the business is performing.
- 24/7 Customer Care. This feature allows the customer to interact with the stock broker at any time of night and day. The stockbroker offers to avail their services every day of the week.
- Support through a Network of Branches Some stock brokers have a network of branches spread over several cities in India. Depending on how often you travel, you may want to consider these kinds of brokers.
- What are the Broker’s Trading Costs? Brokers use their trading tools to do a stock analysis. Based on their findings, they advise their clients on what they need to invest in. Any transaction that the broker does on your behalf earns him/her a commission, also known as a brokerage fee. This fee is automatically deducted from your account at the end of the trading day. You may want to consider the charges of varies brokers in terms of the following brokerage fees:
- Cash Delivery Fee When the broker settles a transaction by cash delivery, your account will be charged a brokerage fee for the same.
- Cash Intraday Brokerage The broker will charge this fee to your account for cash buy and sell orders settled on the same day.
- Margin Trading Fee When the trader buys or sells your position in the stock with the intention of settling in the same cycle, you pay a Margin Trading Brokerage Fee. Other charges that you can use to compare brokers include Securities Transaction Tax (STT), Service Tax (ST), Stamp Duty, Futures Brokerage, and Options Brokerage. How traders charge is a very important parameter when it comes to comparing brokers in India. As such, any serious trader/investor should not overlook it.
- Market Trends Updates Some stock brokers regularly update their clients on market trends. They do so through a variety of ways. These include:
- Publishing daily reports on the state of the market
- Offering their clients free tips on the stocks and commodities to invest in
- Publishing regular reports of the results of listed companies
- Offering their clients alerts on the latest happenings in the market.
- Your Investment Category Your choice of a stock broker in India can also be pegged on the type of investor that you are. Some stock brokers perform very well based on the type of client they are handling. They have a leaning towards certain types of clients instead of others. There are three types of customers:
- Active Stock Traders These have a very active portfolio. They sell and buy on a regular basis, and with high frequency. They are keen on the latest information in the market. They use this information to make their choices. They are also very keen on cost. They trade with an eye to make quick, frequent profits. As such, they require dynamic stock brokers who are sensitive to even the slightest changes in market derivatives.
- Active Stock Investors These are not as active as the traders discussed above are. However, they are a notch higher than basic investors are. They are keen on the latest market trends. They need stock brokers who are well informed and keen on research.
- The Basic Investors Basic investors sell and buy occasionally. They rarely review their holdings but tend to use them as a long-term investment strategy.
For them, the most important consideration in a stock broker is educational tools. They need stock brokers who can avail information to them in a cost-effective and simple manner. The above nine parameters are important when determining the stockbroker to use in India. Of course, if you have the fundamental skills of data analysis, it would be easier to make the decision on the best stock broker for you. Whatever the case, ensure that you observe all due diligence so that you can get the best advisor for your investment. Do not take any chances. Your investment is your life.
In case of any queries regarding investing in stocks and commodities in India, do not hesitate to get in touch with us. You can easily get the advice from us because we are studying this subject since a very long time. List of stock Brokers in India, Best Online Trading Platform in India, and Stock Broker Comparison is avilable here for evryone.