Best Broker for Trading in India
Zerodha is one of the best brokers for trading. It offers free of cost trade in Equity. It charges a very nominal fee of Rs. 20 for every executed order for futures and options, stocks, currency, commodity, etc. It has introduced a very advanced trade platform called Zerodha PI. For opening an account you just need PAN card, Aadhaar card and your photograph.
This is a very popular broker for trading in India. It not just allows its customers to trade across all different segments of the market but it even provides the best services including stock market related news, investment options, statistical and fundamental information about equity, IPOs, etc. It is a very good broker for online trading in India. It offers award winning research articles and a wide range of saving, trading as well as investment products and services. For opening an account you just need to drop your contact details on their website and their customer care executive would call you back with all the information.
This is also one of the best brokers for trading. It has a well-diversified customer base which includes mutual funds, retail customers, foreign institutional clients, corporate clients, etc. Strong research reports make the base for the organisation and that is what makes it one of the best brokers for trading in India. Almost ten percent of the revenue of the company is invested back in equity research. As of 2015, it had about 30 research analysts working on more than 250 companies in 20 different sectors. You just need your Aadhaar card for opening a Demat account.
Kotak Securities offers a very smooth trade experience to its customers. It links the Demat as well as online trade account to the savings account of the customers for a smooth trading experience. Its KEAT Pro X is a smart online trade platform which helps in keeping a track of the market in real time, helps in placing orders, etc. It also offers multiple trading accesses to the customers. You can place your order through its website, on call or the trading desk, KEAT pro, etc. You can also view the LIVE stock prices, keep a track of your portfolio, and also place your order from anywhere. If you wish to open an account with them you can drop your details on their website and one of their customer support executives would get back to you with all the details.
ICICI Securities is a very popular broker for online trading in India. It offers 3 in 1 online trade account which offers you a convenience to open an online trading, Demat and savings account. You can view LIVE share prices, trade on BSE and NSE, trade in currency, F&O, etc. The sales representative would open your Demat account in just 20 minutes. You can buy and sell stock worth Rs. 50 lakh without even paying any brokerage in equity market. With a customer base of 40 lakh customers, it is considered to be the best broker for trading. Their award winning trade platform and a presence in 150 branches, they make their services accessible to their customers easily. Their brokerage fee includes the DP fee of higher of 0.04% or Rs. 25 each time the shares get debited from the customers’ Demat account.
Angel Broking is a leading stock broker for trading in India. It has been in this business since 1987. It offers modern, state of the art and useful trade platforms and expert advisory services to its clients. Anybody can open an account in just 5 minutes.
This is another good broker for online trading in India. It is a medium sized retail stock broking business having a client base of approximately 5 lakh customers. They offer 2 types of brokerage plans to their customers i.e. trader plan and investor plan. It is one of the very few stock broking houses which has very powerful business ethics. The account opening process is simple and quick. You just need your Aadhaar card to open an account.
IIFL is considered to be the best broker for trading. It offers research based advice as well as trade platforms for all the financial products as well as services including derivatives, stocks, insurance and commodities. It is a fast developing financial services provider in the country. It has a strong network of more than 4500 branches in more than 950 cities of the country. It was also awarded with the “Best broker with a global presence” award at BSE IPF. You just need 2 passport photographs, your identity proof, your address proof like Aadhaar card or passport and you are good to go.
HDFC Securities is another very popular stock broker for trading in India. It offers online trading as well as mobile trading. It offers a unique 3 in 1 account which integrates the trading account with the savings account. It also offers features like cash n carry on BSE and NSE, day trading on BSE as well as NSE, trading on F&O, and online IPO investment. For opening an account with them you just need one passport photograph, identity proof like ration card, Aadhaar card, etc. PAN card and address proof.
5paisa is a very strong broker for online trading in India. It has planned to now commence trading in commodity and personal loans in future. It even plans to incorporate funding products such as NCDs, IPO, etc. as part of its financial products profile. It is recording a turnover of Rs. 1200 cr daily which is specifically from equity trade and a small amount from currency. To open an account with them you just need a few documents like your Aadhaar card, PAN card, your passport photograph, etc. Your account would be opened instantly.