Share Brokers of India 2021 Top-6

 

Top Share Brokers 

There are two types of broker 

Discount broker- A discount brokerage is a business that allows clients to buy and sell securities but does not provide advice, research, planning or other investment services. Clients who use discount brokerages usually have little to no interaction with a real broker. As a result, discount brokerages charge lower fees.

Full service broker- A full-service broker is a licensed financial broker-dealer firm that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more.

You should first understand your trading and investment needs before you pick the right stockbroker.

For example, if you trade large volumes without the need for research and investment advisory services then you should open an account with discount brokers. Discount brokers charge a flat fee (generally Rs. 20 per order), provide a decent trading platform but no investment advisory. 

On the other hand, if you need investing tips, research-based advisory and other services like wealth and portfolio management then go for full-service brokers. 

Full-service brokers charge brokerage in percentage terms that range from 0.3% to 0.55% of the trade volume and offer a host of research and investment advisory 

Different Discount Brokers-

1- Zerodha

Zerodha is an online stock broker designed for people who can trade by themselves with no help from the broker. This makes it difficult for beginners who require hand-holding in initial days. This helps beginners in learning the stock market as well as the trading tools.

Zerodha is a legal stock broker in India. The company is registered with SEBI, CDSL, BSE, NSE & MCX and works under the guidelines laid by stock market regulatory bodies. There are no reports of legal violations by the company.

2- Upstox

Upstox is a safe broker. It is a registered mUpstox ember of SEBI, BSE, NSE, MCX and CDSL. The company is regulated by the stock broker regulations. It is audited regularly by the exchange

Upstox is one of the best discount brokers in India, especially for the traders. One side the Upstox provides the fastest trading platforms which are the main need to book the high profits in day trading. On the other side, you only need to pay only a flat Rs 20 per trade irrespective of your trade volume.

3-ICICI Direct

ICICI Direct is a retail trading and investment service of ICICI Securities. It offers services online as well as through a network of branches across India. ... ICICI Direct offers a 3-in-1 account, a combination of saving bank account, stock trading account and a demat account

4-Angel Broking

Angel Broking is a leading full-service broker in India who also offers online discount brokerage services to its customer. They are among the most trusted brand in the broking industry for over 20 years. They offer one of the best online trading tools.

5-Groww

How is Groww? Groww is a low-cost broker with the free account opening and zero maintenance charges. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trading. The mutual fund investment at Groww is free with no transaction charges or redemption charges.

6-Share Khan

Full-service broker offering a wide range of products. In-house-build trading platforms and tools. Trade at BSE, NSE and MCX using one account.