Top Stock Broker Agency In India
Top Stock Broker Agency In India 2022, Best Stock Brokers
What is stock broker agency?
Stock broker agency is a stock exchange broker, stock buy sell cannot done directly stock exchange, Stock broker agency is provides intermediary services in various areas, e.g., investing in stock, ETF, A broker is an intermediary who connects a seller and a buyer to facilitate a transaction. Individuals or legal entities can act as brokers.
Top AMC in India 2022, Top Mutual Fund Company in India
Two types of stock broker agency in india.
1. Full-service stock brokers– Full service stock broker agency provide full service of investing, like buy or sell tips, offline support, online support, regular provide investing tips, trade on call, etc many more service provide by full service stock broker agency, This type of stock broker agency charge on brokerage very high.
2. Discount stock brokers– Discount stock broker agency provide online service and support, this type stock broker agency is charge very low on brokerage, and this time most of people use discount broker agency service.
Zerodha is India’s number 1 best stock broker in India. It is one of the largest and most popular brokers that are offering services online with the flat fee discount brokerage. The services that you can invest in are Equity, Currency, Commodity, IPO, and Mutual Funds.
Click here to open Zerodha demat & trading account
| Segment For Trading | Brokerage Charges |
| Equity Delivery | Rs 0 (Free) |
| Equity Future | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Equity Intraday | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Equity Options | Flat Rs 20 per executed order |
| Currency Options | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Currency Futures | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Commodity | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | Rs 0 (Free Unlimited Direct MF Pay Only Expence Ratio) |
Upstox is one of the first low-cost broking firms and the best stock broker in India. The company is tops the list of Best Online Share Brokers in India. They provide trading at some jaw-dropping prices. The services provided by them cover the segment like equities, commodities, currency, futures, and options. All the services are provided via two platforms Upstox Pro Web and Upstox Pro Mobile trading platforms.
Click here to open Upstox demat account
| Segment For Trading | Brokerage Charges |
|---|---|
| Equity Delivery | Equity Delivery Rs 0 (Free) |
| Equity Future | Flat Rs 20 or 0.05% (whichever is lower) per executed order |
| Equity Intraday | Flat Rs 20 or 0.05% (whichever is lower) per executed order |
| Equity Options | Flat Rs 20 per executed order |
| Currency Options | Flat Rs 20 per executed order |
| Currency Futures | Flat Rs 20 or 0.05% (whichever is lower) per executed order |
| Commodity | Flat Rs 20 per executed order |
The company was started in 1987. It has over 110 branches and 11,000 sub-broker offices in 1800+ cities in India. In the year 2019, the company started its Brokegae plan to compete with a leading broker like Zerodha.
Angel Broking currently offers a flat rate brokerage plan ‘Angel iTrade PRIME’. This provides the access to trade in all segments (Intraday, F&O, Currencies & Commodities) at a fixed Rs 20 per trade except Equity Delivery, for Equity Delivery there are zero charges. Angel is titled the first large-size full-service broker. They offer discount brokerage rates to their customers. It is best for beginners so the platform is also considered the best stock broker for beginners in India.
Click here to open free demat account on Angle One.
| Segment For Trading | Brokerage Charges |
|---|---|
| Equity Delivery | Equity DeliveryRs 0 (Free) |
| Equity Future | Flat Rs 20 or 0.25% (whichever is lower) per executed order |
| Equity Intraday | Flat Rs 20 or 0.25% (whichever is lower) per executed order |
| Equity Options | Flat Rs 20 or 0.25% (whichever is lower) per executed order |
| Currency Options | Flat Rs 20 or 0.25% (whichever is lower) per executed order |
| Currency Futures | Flat Rs 20 or 0.025% (whichever is lower) per executed order |
| Commodity | Flat Rs 20 or 0.25% (whichever is lower) per executed order |
Groww is a Bangalore-based broker that offers online flat fee discounts on brokerage services. It helps to Invest in Equity, IPO, and Direct Mutual Funds. Also, it is the brand n,e for the company Nextbillion Technology Private Limited. It is a SEBI registered stockbroker and also a member of NSE and BSE.
The company was established in 2016. They started with the Mutual fund investment platform. But in the middle of 2020, they expanded their services and included Equity trading. They also offer services in Digital gold, US Stocks, and Fixed deposits as other investment options for its customers. The platform is easy to understand for the beginner which makes it the best stock broker for beginners in India.
Click here to open free demat account on Groww.
| Segment For Trading | Brokerage Charges |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower |
5paisa.com is another leading example of a Best Stock Broker in India offering discount brokerage services to retail investors in India. The company is managed and promoted by IIFL founders. Currently, they have over 1.2 million clients.
They provide services in equity, commodity, and currency at BSE, NSE, and MCX. It is one of the flat-rate best discount broker in India. The company is one of the leading platforms as the best stock broker for beginners in India. They charge a flat Rs 20 brokerage irrespective of the size of the trade, segment, or exchange.
Click here to open free account on 5 paisa.
| Segment For Trading | Brokerage Charges |
| Equity Intraday | Rs 20 per trade |
| Equity Delivery | Rs 20 per trade |
| Equity Futures | Rs 20 per trade |
| Equity Options | Rs 20 per trade |
| Commodity Futures | Rs 20 per trade |
| Commodity Options | Rs 20 per trade |
| Currency Futures | Rs 20 per trade |
| Currency Options | Rs 20 per trade |
Open online demat account & start your stocks trading journey. Invest in best direct mutual funds with zero commission. Paytm Money Limited is a SEBI registered Investment Adviser (IA) that offers investment execution & advisory services.
Click here to open free demat account on paytm money.
| Segment For Trading | Brokerage Charges |
|---|---|
| Equity Delivery | Rs 0 per executed ordet |
| Equity Intraday | Rs 15 per executed order (Rs 10 To Increase Rs15) |
| Equity F&O | Rs 15 per executed order (Rs 10 To Increase Rs15) |
| Mutual Fund | Available Direct Plan Expense Ratio Depends on MF Plan |
HDFC Securities is one of the platforms that provide both Online and Offline trading listing in the best stock broker in India. The company also offers a 3 in 1 account. The 3 in 1 account includes your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. They provide seamless services for moving Funds/shares are seamlessly moved from the linked Demat/Bank account to execute the transactions.
The company provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and BSE, Trade on Futures & Options on the NSE, and Online IPO Investment.
| Segment For Trading | Brokerage Charges |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 100 per lot or 1% of the premium (whichever is higher) |
| Currency Futures | Rs 23 per contract |
| Currency Options | Rs 20 per contract |
| Commodity Futures | 0.02% for Intraday / 0.025% for positional |
| Commodity Options | 0.02% for Intraday / 0.025% for positional |
ICICIdirect is the Largest Retail stock Broker. It is a part of the ICICI GROUP. ICICI Direct offers a platform for online trading and investment services. It is one of the best stock brokers in India with over 50 lakh customers. The services which are offered by them are equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers services in Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc.
| Segment For Trading | Brokerage Charges |
| Equity Delivery | 0.55% |
| Equity Intraday | 0.275% |
| Equity Future | 0.05% |
| Equity Options | Rs 95 per order |
| Currency F&O | Rs 20 per executed order |
| Commodity F&O | Rs 20 per executed order |
| NCDs / Bonds | 0.75% |
Kotak Securities Ltd is a subsidiary of Kotak Mahindra Bank. The company was founded in 1994. They distribute financial products and offer stockbroking. In all, they have 1209 branches, franchisees, and satellite offices that offer services. Currently, they have a customer base of 11.95 Lakh.
They have corporate members with the Bombay Stock Exchange and the National Stock Exchange. also been a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
Kotak securities give a three-in-one account offer which allows the investor to open Demat, trading as well as a bank account together with Kotak Mahindra Bank Limited. The beneficiary can do this with just one application. 3 in 1 account helps the not to manually transfer money to the trading account from the bank account. The funds will be credited automatically which is easier to manage. They provide services in Equity, IPO, Mutual Fund, ETF, Tax-free bonds, Currency Derivatives, Gold ETF, etc.
| Segment For Trading | Brokerage Charges |
| Equity Cash Delivery | 0.49% |
| Equity Cash Intraday | 0.049% |
| Equity Futures (Both Sides) | 0.049% |
| Equity Options | Rs 300 Per Lot |
| Segment For Trading | Brokerage Charges |
| Equity Cash Delivery | 0.59% to 0.30% (For trading amount of ‘< 1 lakh’ to ‘> 50 lakhs’) |
| Equity Cash Intraday | 0.06% to 0.05% both sides (For trading amount of ‘< 25 lakhs’ to ‘> 25 lakhs’) |
| Equity Futures Intraday | 0.07% to 0.05% both sides (trading cost of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Futures Settlement | 0.09% to 0.073% both sides (For trading amount of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Options Intraday | 2.5% to 1.8% on both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Equity Options Settlement | 2.5% to 2.3% both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Options Minimum (Settlement) | Rs 300 to Rs 180 on both sides (For the premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Currency Futures | 0.04% or Rs 20 per lot, whichever is higher to 0.015% or Rs 7.5 per lot, whichever is higher (For the monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
| Currency Options | Rs 20 per lot to Rs 7.5 per lot (For monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
It is another example of the Best Online Share Broker. The company was started in February 2000, It is India’s third-largest stockbroking service provider. They provide their services via the online trading website Sharekhan.com. In total there are 1800 offices which include branches & franchises located in over 550 cities across India. The services provided by them include all kinds of individuals from individual investors and traders, to corporate, institutional, and NRI.
The company has a customer base of more than 17+ lakh customers. The segments they deal in are facilities for equity cash and derivatives segments on BSE and NSE, commodities trading facilities on MCX and NCDEX. The company also offers depository services like Demat accounts and the option to invest in mutual funds and IPOs.
| Segment For Trading | Brokerage Charges |
| Flat Monthly Fee | NA |
| Intra-day | 0.50% |
| Delivery | 0.10% |
| Equity Futures | 0.10% |
| Equity Options | Rs 50 per lot |
| Currency Future | 0.10% |
| Currency Options | Rs 30 per lot |
| Commodity | 0.03% |
The company was started in the year 1981, called Motilal Oswal Securities Ltd. (MOSL). It is a Mumbai, India-based financial service firm. The company offers services in Equity, Commodity, Currency, and Derivatives. They also deal in other financial products like Mutual Funds, IPOs, Gold, Insurance, and Fixed Income products.
Motilal Oswal Securities Ltd. (MOSL) is also recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS holds a strong track record for its consistent performance and the benchmark they have set across the market since the beginning of 2003 and has been listed as the top share broker in India.
1. Default Brokerage Plan
| Segment For Trading | Brokerage Charges |
| Equity Delivery | 0.50% |
| Intraday Cash or Future – Equity and Commodity | 0.05% (both side) |
| Options – Equity | Rs 100 per lot (both side) |
| Currency F&O | Rs 20 per lot (both side) |
2. Value Pack Plan
| Segment For Trading | Brokerage Charges |
| Equity Delivery | from 0.10% to 0.40% |
| Intraday Cash or Future – Equity and Commodity | from 0.01% to 0.04% (both side) |
| Options – Equity | from Rs 20 to Rs 50 per lot (both side) |
| Currency F&O | from Rs 10 to Rs 22 per lot (both side) |
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