Top 5 Stock Brokers in India for Seamless Investment Experience

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Top 5 Stock Brokers in India for Seamless Investment Experience

Posted May 22, 2022

The beginning of the fiscal year is the best time to plan your investments. Depending on your goals and risk appetite, you can start investing and undertake tax planning. Here, choosing a stockbroker is your first step in preparing for market-related opportunities such as stocks and mutual funds.

You should open a Demat account with a brokerage platform for a hassle-free investing experience. A Demat account holds your investments in one place and helps you make market-related transactions easily. All the top brokers today have developed mobile apps for fast real-time trading digitally. Moreover, users can opt for personalized market updates and alerts and make informed decisions.

Here is a list of top 5 stock brokers in India for hassle-free investment decisions.

Zerodha

Zerodha is a digital-only retail broker with over 9 million users. Currently, it is a leading discount broker with the highest active customer base in India. It offers zero brokerage for stock delivery and mutual funds. For F&O and intra-day, a flat rate of Rs. 20 per trade is charged. Its Demat account is suitable for beginners, active and passive investors and traders. Although Zerodha does not have an exclusive advisory service for clients, it does support financial literacy and stock market investment education through its Varsity app.

Kite: Kite is Zerodha’s flagship trading platform with a highly interactive and responsive user interface. You can access Kite through a web or mobile app.

Coin: Coin is an order-taking platform that allows investors to buy mutual funds, bonds, and more. on a mobile app.

angel one

Previously called Angel Broking, Angel One is a full-service stockbroker. The company controls an extensive network of sub-brokers and has a pan-Indian presence. Angel One offers a complete platform for brokerage services, investment advice, margin trading facility, and more. Brokerage fees are competitive: zero for equity delivery and Rs. 20 per order for F&O, commodities, currencies transactions.

Angel Lite: This is designed primarily for traders and investors with slow GPRS connections and does not require any download process.

Angel Speedpro: SpeedPro is a trading software that provides clients with a one-stop trading experience along with trade monitoring capabilities.

Religare brokerage:

Religare Broking is a leading securities firm in India serving over 10 lakh clients through its online and offline platforms. Investors can take advantage of traditional brokerage services through its extensive network of branches and business partners and/or opt for discounted brokerage plans through the Dynami app/Religare website. They can invest in a bouquet of products: stocks, currencies, commodities, mutual funds, insurance, NPS and thematic wealth baskets on its online and offline platforms.

Recently, Religare Broking partnered with Spice Money to provide affordable, human-assisted demat account opening facility for 10 million rural households. They also announced zero brokerage on delivery trades and zero commission on unprofitable intraday trades for its digitally acquired customers. One can also benefit from aggressive low priced option trading @ Rs 5 per lot.

Religare Dynami: Religare Dynami is its flagship mobile investment application. Users can get live market insights, search for recommendations, set watchlists, and invest in stocks on the fly.

Religare Dynami Wrap: Dynami Wrap is an app dedicated to mutual fund investors. The app allows investors to start SIPs or make lump sum purchases, track their portfolio and make instant decisions based on their goals and asset allocation.

Clients who prefer desktop trading can trade through Religare’s EXE-based Odin Diet platform.

ICICI titles

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd and has over 5 million users. I-Sec is a SEBI-registered stockbroker, investment banker, portfolio manager, investment advisor and research analyst. In addition to the official website, investors can access investment products on the following platforms:

Trade Racer – Trade Racer is desktop trading software for frequent traders. It is ideal for those who want to do desktop trading with high speed trading volume.

ICICIDirect Mobile App – ICICIDirect Mobile App can be accessed from Android and iOS. Users can invest in all products and services available on ICICIdirect.com. Investors also receive price alerts, research notifications, and portfolio stock alerts.

Motilal Oswal

Motilal Oswal is another leading full-service brokerage firm with its proprietary Portfolio Management Service (PMS). It offers trading services in equities, commodities, currencies and derivatives. Investors can also buy mutual fund products, IPOs, gold, insurance and fixed income securities. Brokerage fees are competitive and on par with other brokers.

MO Investor – MO Investor is a mobile app for investing on the go. Investors can also access MO Investors through the website.

MO Trader – This is a desktop application that can be installed as a trading terminal for bulk investment calls.

Here are some of the best brokers in India. You should weigh all the benefits and services and opt for a platform that offers comprehensive services, such as user experience, low brokerage, research and consulting importance, and a diverse product portfolio.

Dolores W. Simon