Thursday, June 9, 2022

top 7 best stock broker in india

 Best Stock Broker 2022 in India: Know the Top 7

Choosing the best stock broker in India is one of the challenging yet crucial decisions for every investor and trader as each has a different approach towards stock investments and trading. Several stockbrokers are available in the market who offer incredible services & products. Below is a brief about the top 10 stock brokers in India. Have a look:

Top stock broker 2022 in India:

  1. Zerodha

  2. Upstox

  3. Angel Broking


  5. ICICI Direct

  6. Sharekhan

1. Zerodha review

When it comes to the best stock broker in India, Zerodha has a notable presence. It was founded in 2010, is also a renowned stockbroker in India that offers free mutual fund and equity investments and flat brokerage charges on Intraday & all other trades. Zerodha allows stock trading services in equity, derivatives, currency, mutual funds & commodities, and its trading platforms are Kite, Pi, Coin, etc.

2. Upstox

Upstox is another best stock broker in India, which started its trading services as RKSV in 2012 and rebranded to Upstox in 2015. It is a fast-growing discount broker, backed by a group of leading investors including Ratan Tata and many more. Trading services offered by Upstox are in equity, currency, and commodity segments.

3. Angel Broking

Another best stock broker in India is Angel Broking, which is one of the largest full-service stockbrokers in India offering an extensive range of trading & investment services. Its services include stock advisory, trading in stocks & commodities, loan against shares, financial products distribution, and margin funding. It is primarily known for its excellent trading software and advisory services. Moreover, it is the first full-service stockbroker to offer discount broking services in India.

4. 5Paisa

5Paisa (a part of India Infoline) is one of the cheapest yet best stock brokers in India. IIFL came up with 5Paisa to provide their clients with low brokerage trading facilities and compete with fast-emerging discount brokers. It offers services in commodity, currency, equity, mutual funds, insurances, personal loans.

5. Sharekhan

Sharekhan is also amongst the trusted and best stock brokers in India. Its Trade Tiger is an advanced trading platform that comes with full functionality and incredible tools. The brokerage fees of Sharekhan are a little higher than other stockbrokers. However, it offers top-notch recommendations & customer service.

6. ICICIDirect lite

ICICI Direct, incorporated by ICICI Bank in 2010, is for learned traders who remain exceedingly concerned about their investments. This best stock broker in India offers quick customer support, incredible trading tools, and stock research services in all segments and their brokerage charges range from 0.05 to 0.55%.

7. Wisdom Capital review

Wisdom Capital, formed in 2013, is considered the best stock broker in India offering discount brokerage services in stocks, futures, options on BSE & NSE, and commodity trading on NCDEX & MCX. Ultimate, Pro, and Freedom are the three brokerage plans it offers wherein there are no brokerage fees in the Freedom plan, which is the attraction to most clients as it enables them unlimited trading. Its trading platforms include NEST Trader (trading terminal) and BSE Bolt (a trading platform by BSE to trade across stocks listed on it.) Some of the key benefits of Wisdom Capital are:

  1. Zero brokerage fees and unlimited trading in FREEDOM Plan 

  2. Flexible plans as per client's requirements 

  3. Higher plans offer high exposures and margins

Choosing The Best Stock Broker In India 2022: Points To Consider

When searching for the best stock broker in India, it would be great for you to consider a few critical stockbroking elements. For example, low brokerage charges are the primary concern for day traders. Moreover, they should also examine the performance of stockbrokers in terms of the trading platform, tools, reputation, reviews, customer support, etc. Below-cited is all the key points to go through while choosing the best stock broker in India:

  • Brokerage Fees

  • Trading Tools & Platforms

  • Investment Options

  • Mobile App for Trading

  • Customer Support Service

  • Stock Analysis & Research

  • Banking Support

  • Security & Safety for Account

  • Rate of Order Execution

Closing Thoughts: Discount brokers in India

Nowadays, the best stock broker in India often comes up with exciting deals to lure new individuals by providing them with trading accounts with zero opening charges, referral bonuses, etc. The fierce competition among the stockbrokers is making them do numerous innovations and offer efficient customer care service to let their customers experience better trading services. Therefore, while choosing the best stock broker in India, it would be great for you to look for the one that offers low brokerage fees & AMC (annual maintenance charges), top-notch tools & trading platforms, instant & round-the-clock customer service, and zero hidden costs.

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