A stock broker simply known as a broker is a professional who executes the buy and sell orders for its clients.

Stock brokers are generally associated with a brokerage firm and receive commission for the services rendered by them.

If you are new to the stock market and don’t have knowledge about trading, you can always turn up to a broker.

To avoid risk from the stock market and to gain desired returns services of brokers can be taken.

You should always be cautious when dealing in the stock market especially if you are a beginner.

For your convenience we have shortlisted top 10 brokers in India in 2019 with a comparison between them.

S.No. Top Stock Brokers in India Account Opening Charges Demat Maintenance Charges Brokerage  in all NSE Segments Online Trading platform
1 Wisdom Capital Free Rs.999+GST 0.00 in all NSE ,BSE segments NSE NOW, NEST, Fox Trader
2 ICICI Direct Rs. 975 Rs. 500 (1 year onwards) For Less than ₹ 25 Lakhs, 0.75%
Normal: 0.55%
Trade Racer    
3 RKSV Rs. 150 Rs. 150 Rs. 20/executed order or 0.01% UPSTOX PRO  
4 Kotak Securities Rs. 975 Rs. 500 (1 year onwards) 0.59%   KEAT PRO X  
5 SAS Online Rs. 200 Rs. 200 per year Rs 9/executed order SAS Online Trader  
6 HDFC Securities Rs. 999 Rs. 750 0.50%   HDFC Securities Blink
7 Zerodha Rs. 300 Rs. 300 per year Rs 20/trade or 0.01% whichever is lower Zerodha PI  
8 SBI Securities Rs. 850 Rs. 500 0.15% intraday & 0.5% delivery SBI Smart Express  
9 5 Paisa Rs. 650 Rs. 400 per year Rs 10 /executed order or 0.1% 5 Paisa Trade Station  
10 Sharekhan Classic Acc: Rs.750; Trade tiger Acc: Rs. 1000 Rs. 400 0.50%       Trade Tiger      

Apart from these 10 brokers, there are 100’s of brokers registered in India and are offering trading services to the customers. All the brokers registered can be categorized into two brad categories which are:

  1. Full-service brokers
  2. Discount brokers

Full Service Broker: A full-service broker is the one which provides a variety of service apart from just a trading platform to the retail traders. These service include call n trade facility, advisory services, research and much more.

Discount Broker: A discount broker on the other hand are online brokers and provide an online platform to the investors for trading. They do not offer additional services like call n trade facility, advisory and research services, personal dealer etc.

To conclude, we can say that if you are looking for a hand holding support for trading you should reach out to the brokers. Depending on your requirement you can choose between a full-service broker or a discount broker. While choosing a broker, make sure that you do research on your end regarding the various fees and brokerage charged by different brokers operating in the market and their terms of service.

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