The first step to enter the stock market is to open an account with a good stockbroker. The major mistake that a stock market newbie does is to choose the correct stockbroker. The broker should be competitive enough to give you the best rate and they should provide you with optimum service so that you can trade with ease. So here I collate a list of 2017’s top 5 stock brokers in India.
Zerodha: Zerodha started their operation on 15th of August 2010 and in the last six years they have become India’s topmost discount stockbroker. Due to the robust technological advance of Zerodha, 5% of NSE’s trading volume now happens in Zerodha terminals and they are my first choice in the list of top stock brokers in India. This broking company charges only Rs. 20 OR 1 paisa brokerage whichever is lower. They offer two trading terminals: Zerodha Pi and Zerodha Kite. Full charting support is available in both Pi and Kite. Even a stock market newbie can trade in these terminals using the built-in BUY / SELL signals. To open an account in Zerodha CLICK HERE.
Sharekhan: I personally have a sharekhan account since 2003. Sharekhan is the pioneer in creating user-friendly trading terminal called Trade Tiger and they are my second choice due to TradeTiger and Sharekhan research and dedicated Relationship Manager (RM) support.
Angel Broking: Angel Broking is also operating for a long time. They offer Odin Diet platform for trading to the clients. Angel trading terminal is called Angel Speed Pro. Angel broking also offers good research and mobile Android platform and dedicated RM support.
India Infoline: IIFL is on my list mainly due to their research team. The company offers robust research with a customized trading platform called TTAdvance. They are also worth considering. India Infoline is a full-service broker with brokerage on the higher side.
ICICI Direct: My first broker house is ICICI Direct and they are on my list of best stock brokers in India due to their solid research. Though ICICI Direct’s brokerage charge is on the higher side, they are worth considering due to their daily, weekly and monthly calls. A stock market newbie should follow their calls.