List of Best Stock Brokers in India

Last Updated: Dec - 8- 2019

Investing in stocks is a better way of creating wealth, than simply storing money in the bank accounts. Anyone who wishes to invest into the Indian share market looks for the best stock broker available. Considering that the Indian share market is a vast network of stock market products, choosing the best one can be tricky.

Various stock broking firms are adopting numerous measures to determine the best stock broker. Some offer good discount brokerage rates, some have great customer service, while other have some really advanced tools for trading. In order to trade and invest well, and to attain profits, a reliable and efficient stock broker is a must. A rising number of miscellaneous brokers causes congestion and makes it difficult for the traders to discover the good ones out of all. A genuine stock broker has the following qualities that one must look out for:

Offers decent and customer-focused services
Has deep knowledge on investment and trading
Brokerage charges that are reasonable
Has knowledge about financial instruments

In order to pick the best suitable stock broker, the consumer needs to understand their sole purpose of investment. They need to define the kind of activity that would be preferred. The consumer can be an investor or a trader. A trader trades on a daily basis and earns quick profits, while an investor invests his money for a specific period of time and then gets the returns. Here are some more differences between a trader and an investor.

Trader	Investor
Looks for the PRICE	Looks for the VALUE
Understands the TECHNICALS	Understands the RISKS
Has short-term of daily-based demands	Has long-terms goals
Faces profits and loss on a daily basis	Longer wait period leads to better returns

A thorough research is what helps a seeker seek for the best stock broker or broking firm as per the requirements. It is important to study details like information of the firm, website, customer reviews, and understand how trustworthy the firm actually is. For people who possess knowledge about the share market, can also study the search reports of the broking firms and make their decisions.

List of Best Stock Brokers in India

Zerodha - Well-rounded offering
ShareKhan - Best for Platform Technology
Angel Broking - Best overall for beginners
5 Paisa - Best Rewards Program
Motilal Oswal - Great education and research
ICICI Securities - Best for Investors
Fyers - Best options tools
India Infoline - Easy to use but no tools
Wisdom Capital - Free trades, balanced offering
Prostocks - Low Commissions

Here's a summary of the best stock brokers:

Well-rounded offering

Zerodha was established a few years ago as a Discount broking company. It is a discount broking company established few years ago. Popularly known for product innovations and digital initiatives. They offer several types of trading platforms and also share useful trading information with their customers. Read full review

Best for Platform Technology

Sharekhan is among the oldest stock broking companies in India and is in the market for almost 16 years. It is ranked as the 2nd Best Stock Broker in full-time brokers. The company offers several trading platforms and the charges range from 0.015% to 0.1%. The rates may change according to the money margin scheme opted by the customer. Read full review

Best overall for beginners

Angel Broking is a full service share trading company with a large client base. It offers best trading tools equipped with features like multiple market watch, real-time quotes, news feed, and predictions on future of stock markets. You can trade in derivatives, currency trading, commodities, mutual funds, life insurance and more. Read full review

Best Rewards Program

5Paisa is a popular name in the list of Discount Stock Brokers in India. It started as a branch of IIFL, and later became a unique entity. It offers low brokerage charges and first five trades are free of charge. Although there are some brokerage firms which offer lower brokerage charges than 5Paisa, their lucrative schemes tend to attract customers from time to time for more trades. Read full review

Great education and research

Motilal Oswal is famous for its multiple market product facilities like institutional broking, asset management, wealth management, investment banking, home finance, equities, and commodity broking, etc. They also offer 3-in-1 account providers and best share brokers in full time category. They offer separate forms which one can fill up and receive the information in case of any queries or issues. Read full review

Best for Investors

ICICI ranks among the leading stock brokers in India. It has more than 2 million users spanned across 200 branches in India. It offers tools like trading platforms, seamless integration, and share market tips. The brokerage charges are 0.5% and 0.75%, which are high as per the industry. Read full review

Best options tools

FYERS is an acronym for Focus Your Energy & Reform the Self (FYERS) is a revolutionary name in Discount Brokers fraternity. It was founded in the year 2015 by Tejas Khoday and other crew having a primary focus of providing retail traders with top class trading platforms for less brokerage. Read full review

Easy to use but no tools

India Infoline is a famous stock brokerage firm in the Northern parts of India. It has recently introduced a new segment into the discount broking branch. It also offers recommendations and tips to customers as a part of stock market information. Read full review

Free trades, balanced offering

Wisdom Capital is the first online trading company and also the first company to offer free trading scope to traders. Investors need not pay any advance payments or extra monthly or yearly payments. The company offers three brokerage plans which are equally beneficial for the customers. Read full review

Low Commissions

ProStocks is a discount broking firm initiated by well-experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on the quality of trade. Read full review

Due to plenty of available options of brokerage companies, finding the best one can be challenging. Conducting proper research and taking informed decisions before investing can reap good benefits. The list of best stock brokers in India provided above is legit and every firm offers the best trading services in India.