The first step to entering 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.
Frequently asked questions about stock brokers in India
A stockbroker firm serves as a middleman between a stock market dealer and the stock exchange. A trader or investor cannot directly bid on a stock from the Exchange; therefore, the corporation acts as a middleman. The company encourages traders to invest in the stock market and earns a standard brokerage on each trade made by a trader or client.
Zerodha, Upstox, Angel Broking, 5paisa, Fyers are some of the best brokerage firms to my knowledge.
Paytm Money is India’s cheapest discount brokerage, with a brokerage fee of just Rs 10 per trade, the lowest in the intraday market. Other popular discount brokers in India, such as Zerodha, Upstox, and Angel One, charge a flat fee of Rs 20 for every order.
As of 2022, the no.1 stockbroker house in India currently is a Zerodha brokerage company.
Top 5 Stock Brokers in India
In the following, we shall discuss the top 5 Stock Brokers in India.
Zerodha: Zerodha started their operation on the 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.
Click Here to Open a Demat Account in Zerodha
To open an account in Zerodha click here
Sharekhan: I personally have had a ShareKhan account since 2003. Sharekhan is the pioneer in creating a 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 the Odin Diet platform for trading to 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.
Some Recommended Stock Brokers
The very first stockbroker that I am suggesting here is the Upstox brokerage house. They are quite famous that’s why they have a customer base of more than 8million. This year this brokerage house also turn into a unicorn company.
If you open an account under then the AMC charges become free for a lifetime. Easy to understand and the easy-to-use interface helps traders to use the website without any hesitation. They also provide trading-related information which will help you to earn profits. The offers for referral benefits change from time to time.
Use this link to open a Demat account in Upstrox
Direct link to open an account in Upstox
Aliceblue is famous for its algo trading-related calls. Its interface is quite easy to use. Their prime features are Trade with Ant Technology, a Trade store in which you will find multiple software that will help you to do algorithmic trading experience. Aliceblue provides a trading School feature so that the client could learn about fundamental and technical trading information. Currently, they are providing 500rupee cash back
Click Here to Open a Demat Account in Aliceblue
Open a Demat account in Aliceblue directly