Major Full Service Brokers in India
|REVIEW BY BROKER||BROKER NAME||ACCOUNT OPENING||YEARLY MAINTAINENCE||BROKERAGE||INTRADAY|
|Angel Broking||Zero*||Free for first year||.22% and .02%||OPEN ACCOUNT
|ICICI Direct||Zero*||Rs. 600||.55% and .05%|
|Anand Rathi||Zero*||Free for first year||.3% and .03%|
|AXIS Direct Brokerage||Rs 999||Rs 500||.5% and .05%|
|Canmoney||Rs 200||Rs 200||.35% and .035%|
If you are planning to invest your money in the commodities market, then you may go through commodity trading and the best commodity brokers India.
If you are new in the field of investing and if you aren’t really sure about its functionality, then you may read about different ways of investing in the shares market.
For reading in detail about the brokers, just read the reviews about them. Some of the points of difference between these brokers are:
Ease of Use
Software or Net based
Day trading cut off time
Linking to the Bank
IPO /Mutual funds allowed
I will try to make clear these points some more for the newbie investor.
Brokerage: This is a very important factor that the investor needs to see before hiring the services of a broker.This is one thing which will decide the amount of profit you are making and in the long run in trading believe me that this will be one of the most important thing.
Ease of use : What is the type of user interface provided.Is some experience required or a novice can work on the same.This should be as simple as possible for the effective use.
Software or Net (Applet) based- if you trade from your office with a firewall ahead then this is very important.
Day trading auto square off time: This is another very important thing for someone who is into day trading as it could be one of those things which decide whether your trade can be squared off at 2:45 or 3:15
IPO /Mutual funds allowed : You need to check if your stock broker is providing just equity trading service or if he is providing IPO/Mutual Funds also through the website. It always good for a retail investor to get all in one platform so it become easy for him to manage. Link to the bank- this would help in deciding when would you get money in the bank account after it has been received in the Demat account. In case you are an NRI, then you may go through the detailed article about NRI Demat Account for trading in stocks and shares. Wish to open an account with Best Full Service Stock broker.
The most searched articles on the website include Top 10 stock brokers in India, Best Demat account in India, Best trading platform in India and Lowest brokerage charges.
Just in case you are a Non Resident Indian, then you may check out our article on the NRI Demat Account for trading.
Want to open account with the Best Full service broker