Compare Best Stock Brokers in 2020

Compare Best Stock Brokers in 2020
Compare Best Stock Brokers in 2020

Compare Best Stock Brokers

A stock broker is an individual who are licensed by SEBI to participate in the stock market on behalf of the clients. The stock broker plays the role of an agent. Working as an agent means that the stock broker will buy the shares on behalf of the client and will sell them on his behalf. Every time the stock brokers buy or sell the shares, they ensure that the best price is obtained for the clients.

If you are a beginner in stock market trading it is important for you to find a good stock broker who can guide you with your investments.

There are two types of broker- full-service broker and discount broker.

Full-service Broker:

A full-service broker provides a variety of services apart from providing just a trading platform. The variety of services provided include research reports, call n trade facility, advisory services, personalized and trained dealer to name a few.

Discount Broker:

A discount broker provides its clients with an online trading facility. Such brokers either do not provide additional services or charge separately for them it provided.

Below is the list comparing 5 best stock brokers both full-service and discount brokers in India so that you can choose the one that suits you the best.

Compare Best Stock Broker- Full-Service Brokers

S.No. Top Stock Brokers in India Account Opening Charges Demat Maintenance Charges Brokerage  in all NSE Segments Online Trading platform
1 ICICI Direct Rs. 975 Rs. 500 (1 year onwards) For Less than ₹ 25 Lakhs, 0.75%
Normal: 0.55%
Trade Racer    
2 HDFC Securities Rs. 999 Rs. 750 0.50%   HDFC Securities Blink
3 Sharekhan Classic Acc: Rs.750; Trade tiger Acc: Rs. 1000 Rs. 400 0.50%       Trade Tiger      
4 Kotak Securities Rs. 975 Rs. 500 (1 year onwards) 0.59%   KEAT PRO X  
5 SBI Securities Rs. 850 Rs. 500 0.15% intraday & 0.5% delivery SBI Smart Express  

Compare Best Stock Broker- Discount Brokers

S.No. Top Stock Brokers in India Account Opening Charges Demat Maintenance Charges Brokerage  in all NSE Segments Online Trading platform
1 Zerodha Rs. 300 Rs. 300 per year Rs 20/trade or 0.01% whichever is lower Zerodha PI  
2 5 Paisa Rs. 650 Rs. 400 per year Rs 10 /executed order or 0.1% 5 Paisa Trade Station  
3 SAS Online Rs. 200 Rs. 200 per year Rs 9/executed order SAS Online Trader  
4 RKSV (Upstox) Rs. 150 Rs. 150 Rs. 20/executed order or 0.01% UPSTOX PRO  
5 Wisdom Capital Free Rs.999+GST 0.00 in all NSE ,BSE segments NSE NOW, NEST, Fox Trader

Before choosing a stock broker and trusting them with your hard-earned money, make sure you conduct a detailed study at personal level. First step is to decide whether you want to go with a full-service broker or a discount broker. After finalizing that, make sure to compare best stock brokers on various aspects like brokerage charges, demat account opening and AMC charge, call n trade charge, are there research reports shared, do they provide the advisory services or not and much more.

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