If we talk about the Stock Market, there are many products like Equities, derivatives, Gold Etf, Currencies, IPO's etc present in over 21 Indian stock Exchanges including Bse and Nse. When it comes to trading or investing in the share market, deciding which is the Best Stock Broker in India can be a challenge. There's an emerging interest in the products for simply one reason which is one can get normally more return from the stock market with very little risk when compared to Savings Interests or Fixed Deposits.
However, As the market is populated with numerous stockbrokers, we believe one can definitely use a comparison between the few to decide which one to go with. To determine the best stock broker one can combine different statistics on the basis of parameters which are highly useful like Brokerage, creditability, Market advisory, Trading Platform and customer support.
To keep thing moving for you, and not having to get into the process of selecting instead of Working on the Trading strategies. We have listed the Top Indian Stock Brokers 2019, on the basis of services and Charges.
Brokerages & Other Fees
Brokerage |
|||||||
Name of the Broker |
A/c Opening Fees |
Equity |
Equity Futures |
Equity Options |
Currency Futures |
Currency Options |
Commodity |
| Sharekhan | 0 | 0.02% for Intraday & 0.3% for Delivery - Negotiable | 0.03% of Turnover - Negotiable | Rs 50/lot - Negotiable | 0.03% of Turnover- Negotiable | Rs 20/lot- Negotiable | 0.03% of Turnover- Negotiable |
| Motilal Oswal | 0 | 0.05% for Intraday & 0.5% for Delivery -Reduces upto 0.015/0.15% if brokerage paid upfront |
0.05% - Reduces upto 0.015% if brokerage paid upfront |
Rs 70/lot - Reduces upto Rs 30/lo t if brokerage paid upfront |
0.05% - Reduces upto 0.015% if brokerage paid upfront |
Rs 20/lot | 0.05% - Reduces upto 0.015% if brokerage paid upfront |
| HDFC Securities | 0 | 0.5% for Delivery & 0.05% for Intraday - Negotiable |
0.05% on Turnover - Negotiable | Rs 100/lot - Negotiable | Rs 23/lot - Negotiable | Rs 23/lot - Negotiable | NA |
| ICICI Securities | 0 | Equity Intraday 0.05% & Delivery 0.25%- Negotiable | 0.05% of Turnover for Overnight & Intraday only one side- Negotiable | Rs 95/lot for Overnight & Rs 25/lot for Intraday - Negotiable | 0.05% of Turnover for Overnight & Intraday only one side - Negotiable | Rs 95/lot for Overnight & Rs 25/lot for Intraday - Negotiable | NA |
| IndiaInfoline IIFL | 0 | 0.05% Intraday & 0.5% Delivery - Negotiable | 0.05% of Turnover - Negotiable | Rs 100/lot - Negotiable | Rs 25/lot - Negotiable | Rs 10/lot - Negotiable | 0.03% - Negotiable |
| 5 Paisa | 0 | 10 Rs Per executed order | 10 Rs Per executed order | 10 Rs Per executed order | 10 Rs Per executed order | 10 Rs Per executed order | NA |
| Zerodha | 200-300 | 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday) | Rs 20/executed order or 0.01% whichever is lower | Rs 20/executed order or 0.01% whichever is lower | Rs 20/executed order or 0.01% whichever is lower | Rs 20/executed order or 0.01% whichever is lower | Rs 20/executed order or 0.01% whichever is lower |
| Angel Broking | 0 | 0.03% for Intraday & 0.3% for Delivery - Negotiable | 0.03% of Turnover- Negotiable | Rs 60/lot - Negotiable | 0.03% of Turnover- Negotiable | Rs 30/lot - Negotiable | 0.03% of Turnover- Negotiable |
| Kotak Securities | 0 | 0.05% for Intraday & 0.5% for Delivery - Reduces upto 0.01/0.1 if brokerage paid upfront | 0.05% - Reduces upto 0.01% if brokerage paid upfront | Rs 100/lot - Reduces upto Rs 30/lot if brokerage paid upfront | 0.05% - Reduces upto 0.01% if brokerage paid upfront | Rs 100/lot - Reduces upto Rs 30/lot if brokerage paid upfront | 0.05% - Reduces upto 0.01% if brokerage paid upfront |
| Religare | 0 | 0.05% for Intraday & 0.5% for Delivery - Negotiable | 0.05% of Turnover - Negotiable | Rs 70/lot - Negotiable | 0.05% of Turnover - Negotiable | Rs 30/lot - Negotiable | 0.05% of Turnover - Negotiable |
| SMC | 0 | 0.03% for Intraday & 0.3% for Delivery - Negotiable | 0.03% of Turnover - Negotiable | Rs 70/lot - Negotiable | Rs 20/lot- Negotiable | 0.03% of Turnover- Negotiable | 0.03% of Turnover- Negotiable |
| Axis Securities | 0 | 0.05% for Intraday, 0.5% of Delivery | 0.05% of Turnover | Rs 100/lot | 0.05% of Turnover | Rs 100/lot | NA |
| Edelweiss | 0 | 0.03% of Turnover - Negotiable | Rs 50/lot - Negotiable | 0.03% of Turnover - Negotiable | Rs 50/lot - Negotiable | 0.03% of Turnover - Negotiable |