Latest World News - Breaking News & Top Stories. Latest breaking news and information on the top stories, weather, business, entertainment, politics and many more.
Bitcoin
$28,872.41
-881.72
(-2.96%)
Ethereum
$1,812.43
-156.2
(-7.93%)
Ripple
$0.39
-0.02
(-3.98%)
Litecoin
$62.94
-5.9
(-8.57%)
EOS
$1.24
-0.09
(-6.56%)
Cardano
$0.48
-0.03
(-5.72%)
Stellar
$0.12
-0.01
(-5.37%)
NEO
$10.62
-0.91
(-7.89%)
NEM
$0.05
-0
(-6.94%)
DigitalCash
$57.78
-3.92
(-6.35%)
Tether
$1.00
0
(0%)
Binance Coin
$308.38
-19.93
(-6.07%)
QTUM
$3.75
-0.3
(-7.49%)
Verge
$0.00
-0
(-7.56%)
Ontology
$0.27
-0.02
(-7.08%)
ZCash
$86.30
-11.21
(-11.5%)
Steem
$0.25
-0.01
(-5.26%)

A Complete Guide On Stock Broker Along with Top 10 Stock Brokers

in the 90s and has become one of the most sought investment methods nowadays, especially after the pandemic. Due to ease of investment, convenience and liquidity, the investors have started looking for the best stock broker in India for investment. If you are thinking about seriously investing in the stock market, then you need a broker who has good infrastructure in terms of platforms and connectivity. So it is important that you open your account only with the top 10 stock brokers of India for your trading needs.

Also Read: Best 3 Safest Method To Start Investing In Stock Market

Who is a Stockbroker?

Stock broker is an agent who helps in buying and selling the securities (shares) in the stock market and charges a nominal fee called brokerage charge. In India, it is not possible to invest in the stock market without having a stock broker.

When you buy shares through a stock broker, the shares are held with depositories such as DSL or NSDL and not the stock broker. These depositories are controlled by the government of India, hence you need not worry about the safety of shares. Whether you buy shares through Broker A or Broker B, the shares are finally stored at NSDL Or CSDL and hence it totally doesn’t matter which broker you use. But does that mean all brokers are the same? Can you blindly trust any broker? Answer is NO.

The best stock broker is the one who is recognised by stock exchanges and Security Exchange Board of India (SEBD) and has a robust trading backbone. We will provide some more pointers at the end of this article about this aspect.

Top 10 Stockbroker In India In 2022

Zerodha 

Without doubt, Zerodha is the No.1 Stock broker in India with the highest number of clients. Within a span of 8 years of their inception, they toppled ICICI DIrect from top position.

Founded as a start-up by Nithin Kamath in 2010, their growth is exponential. When they started their operation, the brokerage industry was ruled by ICICI DIrect and Sharekhan.

Those brokers charged brokerage in terms of %age of total traded value. That means if you buy shares worth 1 Lakh rupee, with 0.55% ICICI Direct deducts Rs 550 as brokerage charges.

But Zerodha said, we are going to charge Rs 20/executed order, whatever may be the traded value. This flat price concept is known as discount brokerage and was very popular in the USA. Zerodha introduced the concept in India.

But lower brokerage is not the only reason for Zerodha’s growth. Many new discount brokers popped up in India offering as low as Rs9/trade but are not as successful as Zerodha.

What is the reason? How could Zerodha manage to become the biggest stock broker in India without spending a penny on advertisements?

Zerodha is registered member of NSE, BSE, MCX and MCX-SX providing service in below segments,

  • Equities
  • Derivatives
  • Mutual Funds
  • Government Securities
  • Sovereign Gold Bonds

Initially Zerodha used to charge Rs20/trade for all segments. But recently the delivery trade charges Zero. That means, if you buy shares today but don’t sell them on the same day, brokerage charges will be Zero. Hence all the investments are brokerage free at Zerodha.

Also Read: 7 Intraday Trading Tips That Almost Sure Your Double ROI

Upstox 

Another big name in the field of discount broking is Upstox, You can find the list of top brokers in India here. The Best share broker in India offers cutting-edge tools to free trade options and value-centric education also.

Upstox is the best broker for trading. There is free brokerage on equity delivery trading and trading in Equity, F&O & Equity Intraday. An investor can trade on Commodities and Currency Derivatives at just Rs. 20 per order.

5 Paisa 

5 Paisa allows trading across Equity, F&O and Currency on NSE and BSE at a discount brokerage of Rs. 10 per executed order. 5 Paisa recently announced Zero Account Maintenance Charge with effect from 1st January 2021. Now you need not pay any demat account maintenance charge (AMC).

Samco 

Samco Securities offers an impressive online discount brokerage service to investors and traders. Samco offers Samco Trader software for trading from desktop, Samco Mobile Trader for trading from iOS/Android platform. In terms of brokerage charges, Samco charges 0.02% or Rs. 20 per executed order, whichever is lower.

Wisdom Capital 

Another new yet rapidly developing discount broker & one of the top brokers in India is Wisdom Capital. Wisdom Capital offers trading services for stocks, futures, options on NSE and BSE. It also supports commodity trading on MCX & NCDEX. It is considered among top stock brokers in India and initially offers three brokerage plans.

SAS Online 

SAS Online delivers one of the most inexpensive brokerages with the charge of just Rs.9 per trade across all the segments. But, if you are a high frequency trader, you can choose to buy lump-sum plans or Rs.499 or Rs.999 per month wherein you can do unlimited number of trades as you would like without being charged any additional fees.

Also Read: Top 3 Strategies that Pro Use for Binary Trading

Trade Smart Online 

Trade Smart Online is a leading discount brokerage firm sponsored by VNC Finance & Capital Services Ltd, since 1994.

TSO Brokerage Plans

  1. Value Trading Plan: Brokerage for Intraday Cash, Futures, Currency, Commodities is 0.007% and delivery is 0.07% For Options Rs. 7 per lot. Suitable for low volume traders.
  2. Power Trading Plan: Rs.15 per trade irrespective of executed trade. Suitable to traders with less frequency but big volume.

Pro stocks 

Prostocks is a rapidly evolving one of the Top 10 discount brokers in India. The platform offers desktop trading tools, a mobile trading application and Prostocks web trading application. Prostocks takes a flat charge of Rs.15 per order. The most selling point of Prostock is its lowest brokerage.

Trading Bells 

Trading bells is one of the top brokers in India. One can choose to trade across Equity (Delivery, intraday, F&O), currencies and commodities on the platform. The platform features a 15-minute account opening if you have an Aadhar card.

  • Equity Delivery: 0 Brokerage
  • Equity Intraday or Futures: 0.01% or Rs.20 whichever is lower
  • Equity Options: Rs.20 Flat

Setup in 2016, Finvasia offers zero brokerage trading plans across all segments on NSE, BSE and MCX. However, they feature charges for few software usages. There are no demat account opening charges and AMC associated with DP Account.

Comments are closed.