In the recent years, you can clearly witness the surge in the number of esteemed traders. The high volume traders among them follow contemplated research before investing into the market. It is commonly known fact that, there is a uncertainty of winning or losing in the trading sector enveloped under the stock market of India. But you should be wise enough to encounter the risk involved in the shares and commodity trading or whichever market segment (equities or futures & Options), you have chosen. There are finest stock broking firms active in India who offer lowest brokerage demat account. They don’t lose their pace in introducing lucrative brokerage investing schemes to impel investors to follow the perfect online trading account, they offer.
Discount brokers are emerged as the revolution in Indian share market. They take lowest brokerage charges in India. The brokerage plans displayed to the esteemed traders by these Demat account and Trading account providers are as per today’s demand of investing zone. The stock trading in India is comprised of both novice as well as high volume traders. They take the voyage ahead by investing in market segments like equities, future & options (F&O), Currency in National Stock Exchange (NSE) & Bombay Stock Exchange (BSE), commodity, currency, IPO, Mutual Funds etc. The eminent discount brokerage firms have the membership of exchanges like NSE, BSE, MCX, NCDEX. They are also registered with the depositories like NSDL or CDSL.
How to select the Best Stock Broker in India?
To select the top stock broker for online stock trading, you can go through the following points:
Zero Account Opening Charges
Fastest Trading Platform and Mobile Trading App
Availability of Tips & Reports
Excellent Customer Service
Extraordinary Trading Terminal
Discount Brokers in India
Now a days, Discount Broker is a preferred share broker in India by online traders as it works on minimal brokerage charges, resulting in reduced trading cost. Although, it offers discounted brokerage rate it doesn’t provide any investment advice. Besides the low brokerage plans, there are brokers who claim to offer free trading across all financial instruments with best demat account. That might take a second or two, to trust the plan, but the discount brokerage firm like Wisdom Capital has really presented such plan. Discounted or low brokerage rate offered by these Discount brokerage firms are highly acclaimed by many traders all over India.
Perceive the Best Discount Broker in India
You can just go ahead with your trading with minimal brokerage with online Discount Brokers selected by you. These trading account providers will make your investing experience much better in money based gains and in portfolio management.
Best Discount Broker must possess the following attributes:
- Lower Brokerage
- Excellent Customer Service
- Finest Demat Account in India
- Best Online Trading Platform
- Perfect Mobile App for Stock Trading
- Higher Leverages or Intraday exposures
We are here, intended to create awareness in the context of selecting best online trading account. Some of the renowned discount share brokers in India are as follows:
Wisdom Capital is one of the best discount brokers, as it provides you a free demat account and zero brokerage plan, Besides this, it involves number of technological aspects for your convenience in the online trading activities. Updated versions of web, desktop and mobile applications make it a trusted online stock broker. It gives life time zero brokerage freedom plan in equity, F&O at NSE/BSE and commodities at MCX/NCDEX. The online attributes it holds in its account enlists it in the Best Stock broker in India list.
The other features this online stock trader possess are:
- Cheapest Brokerage rate in the industry.
- Hassle free trading.
- No Embezzlement.
- Secured Transaction
|Plans||Freedom Plan||Pro Plan||Ultimate Plan|
|Brokerage in FNO (NSE/MCX)||ZERO (0%)||9/Trade||Future: 0.005 (NSE/MCX), Options : Rs.15/Lot|
|Brokerage in Cash||ZERO (0%)||0.005% Intraday||0.005% Intraday|
|0.05% Delivery||0.05% Delivery|
It is one of the prominent discount brokerage firm. Due to Zerodha review and its high trading account holders, it is considered as credible one in Indian stock market. The headquarters of Zerodha is in Bangalore. There are many discount brokers in India. Anyone who would like to open an online account can walk into its franchise offices and enjoy the services available there. The trading platforms provided by Zerodha are:
- Zerodha Trader (Desktop application)
- Web (html5) called Z5
- Offline (Call and trade with a charge of Rs. 20 per call)
Brokerage and other Charges
|Account Opening||Rs 200|
|Brokerage Rate||Rs 20|
|Brokerage intraday cash||Rs 20|
|Brokerage Delivery cash||Free|
|Brokerage intraday FNO||Rs 20/Trade|
RKSV is a Mumbai based stockbroker in India, it has started its journey share market trading in the year 2012. Since then it has proved its strong existence by providing service like lowest brokerage plan and emerged as a leading discount broker in India. It also avails stock market tips and efficient trading platform. It allows share market trading in multiple trading segments like stocks, F&O, option, and commodity. Here, equity delivery trading is free and it offers IPO investment too. Annual maintenance charge is nil.
|Equity||0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)|
|Equity Options||Rs 20/executed order or 0.01% whichever is lower|
|Equity Futures||Rs 20/executed order or 0.01% whichever is lower|
|Currency Options||Rs 20/executed order or 0.01% whichever is lower|
|Currency Futures||Rs 20/executed order or 0.01% whichever is lower|
|Commodity||Rs 20/executed order or 0.01% whichever is lower|
Being incorporated in the year 1995, it has been appeared in the list of top stock brokers. Exchanges enabled here, are BSE, NSE, MCX. In the Indian share market, share prices undergo good evaluation. So before investing one need to contemplate etrade well. Stock market news play a good role in helping investors to deal with live stock prices. So that better decision can be taken which can help you to achieve the desired goal. Trading platforms available with SAS online are:
- NOW Trader – Free software provided by NSE. Equity, derivatives, commodity and all accessible on this platform. It is available in web and mobile and desktop versions.
- NEST Trader – Efficient execution of orders as well as real time monitoring prevails. This is easy to use trading terminal. In other words, it’s reliable and user friendly.
|Equity Options||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Equity Futures||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
|Currency Options||Choose from Unlimited for Rs 499/Month or Rs 9/Executed order|
|Currency Futures||Choose from Unlimited for Rs 499/Month or Rs 9/Executed order|
|Commodity||Choose from Unlimited for Rs 999/Month or Rs 9/Executed order|
Trade Smart Online
This online stock brokerage house came into existence in the year 1994 as VNS Finance & Capital. It has a membership with NSE, BSE and Demat Account is registered with CDSL. The firm being enlisted in the top discount broker list, also allows investing in options trading and commodity trading. Brokerage charge is Rs 15 per executed order.
- Trade Account Opening Charges- Rs 200
- Demat Account Opening Charges- Rs 200
- Annual Maintenance Charges- Rs 300
It has two different trading platforms namely NOW and NEST. You can also download its mobile app. Its customer support service is much better than that of ShareKhan, as it is also available through live chat on its website. They also sometimes guide about best shares to buy in India.
|Equity F&O||0.007% in Futures & Rs 7 per lot in Options|
|Currency F&O||0.007% in Futures & Rs 7 per lot in Options|
India Infoline is the parent company of 5 Paisa, that was established in 1995. The group offers a number of financial products in more than 800 branches. With the wide network, it has been recognised among the top 10 share brokers in India.
5paisa has revived with new brokerage model for online share market trading in late 2016. It allows to buy shares online in a convenient way. 5paisa is a Mumbai based discount stock broker in India.
|Equity||10 Rs Per executed order|
|Equity Options||10 Rs Per executed order|
|Equity Futures||10 Rs Per executed order|
|Currency Options||10 Rs Per executed order|
|Currency Futures||10 Rs Per executed order|
Being founded in the year 2008, SAMCO’s demat account is registered with CDSL and stock exchange options enabled for this Indian share market broker are MCX, BSE, NSE. It is also the part of top 10 stock broker listing.
In Market Segments, it includes Equity Cash, Equity Futures & Options, Currency Futures & Options. The company primarily serves to retail and corporate clients.
|Equity||Rs 20/executed order or 0.02%(intraday) or 0.2%(delivery) whichever is lower|
|Equity Options||Rs 20/executed order or 0.02% whichever is lower|
|Equity Futures||Rs 20/executed order or 0.02% whichever is lower|
|Currency Options||Rs 20/executed order or 0.02% whichever is lower|
|Currency Futures||Rs 20/executed order or 0.02% whichever is lower|
|Commodity||Rs 20/executed order or 0.02% whichever is lower|
Few more things to be taken into account while choosing online discount brokers
Technology upgraded platform
Stock market software with a smart trading technology provides easy user interface. Which is the important feature of best trading platform. That can be available on web, desktops, and mobile versions so that you can access your trading dashboard anytime and anywhere to place orders in a very less time.
SEBI stands for Securities and Exchange Board of India. It is the regulator in India for the online trading share market, India. Established in 1988, its registration matters a lot to stock broking companies. So check, if your chosen share broker is registered with it.
Charges associated: –Security transaction charges, transaction charges, stamp duty and service fees should be evaluated properly as these charges vary broker to broker. Trades you make happen in lakhs and some percentage may be hard to pay, so lowest brokerage in India might reduce the expenditure up to some extent.
Investing Segments: –Best brokerage firm in India for stocks, not only allows trade in shares, but also avails other market segments like ETFs, IPO, mutual funds and F&O etc. Other investment options involve direct market routing, forex online trading, conditional orders etc. You can compare brokerage charges and carry forward your trade.