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%|
In case you are new to investing and not sure of how it works, read How to invest in share market in India.
To read in more details about any of these brokers, read there review.
The points on which I have tried to compare 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 one of the most important thing which you should see before becoming a customer of any 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 are one of those people who are doing the trading from the office from behind the firewall this thing becomes very important.Software is something which you have to install on the system and then only you can use it.Net based can be used from any where.
Day trading auto square off time: For some one who is doing day trading this is also one of the important thing to remember because it can be one of the thing which will decide whether you trade is squared off at 2:45 or 3:15.
IPO /Mutual funds allowed :Is the broker providing only equity trading or also providing IPO/Mutual fund through the site.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 will decide when you will get the money in your bank after it is received in your Demat account and which are the bank through which you can link your account.
Some of the most read articles on this website is top 10 stock brokers in India, best trading platform in India, Best Demat account in India, and lowest brokerage charges.
If you are a NRI, read our detailed article on NRI Demat Account for trading.
Want to open account with the Best Full service broker