Hello Dear, Are you looking for a stock broker to open a demat account online in just 5 minutes. If yes then you are at the right place. As here before you open a demat account for stock trading. It is very essential to draw comparison among few top stock brokers in India for best service and easy to use interface. Here we will also talk about the best stock broker in India to open free demat account online.
10 Best Stock Broker in India
Here is the list of best stock brokers in India that you can prefer to open free demat account online from home :
1. Angel One (Angel Broking)
Established in 1987, Angel One is a big brand with +30 years of experience in the world of broking and +1 Million happy clients. They have a presence in over 1800+ cities in India. Angel One offers trading facilities in Equity, F&O, Commodities, and Currency in BSE, NSE, NCDEX, and MCX.
Although Angel One operated as a full-service broker and offered its clients a percentage of the brokerage fee for more than two decades. However, they recently changed their business model (Nov 2019) from percentage brokerage to flat rates to compete with fast-growing discount brokers like Zerodha, 5Paisa, Upstox, etc.
Angel One now offers a flat-rate brokerage plan named ‘Angel iTrade Prime’. Here, delivery trading is free. And for all other segments i.e. Intraday, F&O, Currency, and Commodities, they charge a fixed rate of @20 per trade.
One of the major advantages of doing business with Angel One is that they provide guidance/recommendations for investing in the stock market along with research reports on companies and many other value-added instruments and services.
The largest and best stockbroker on trading in India with about 4 M clients making up +15% of the regular market trading volume on Indian stock exchanges.
Started in 2010, Zerodha popularized the concept of discount brokerage in the Indian equity market, with a no-brokerage model for investors and a Rs 20 per trade brokerage fee for intraday and alternative trades. It makes it a tough task to challenge bull players like HDFC and ICICI however Zerodha continues to be the top discount broker in the country. Discount broking has alternative competitors as well, though Zerodha, being the largest discount broking firm in India, enjoys a massive client base in India.
3. ICICI Direct
ICICI Direct which is a part of ICICI Securities is number one on the list of full-service stockbrokers. It is equipped with the leading private financial services provider ICICI Group which has been in existence since 1994. High quality and customized services along with a 3-in-1 account facility are what matters for the company to be able to capture such a vast. Many active customers.
ICICI Direct has been number one in terms of active clients till 2019 when the top discount broking firm Zerodha overtook them with a client base of over 2 million.
The reason why a lot of investors and traders want to trade through this company is that they not only provide general stockbroking products and services but also insurance products, financial delivery products, investment banking, institutional trading, and wealth management services.
4. HDFC Securities
This stock broker is an auxilliary part of the broad private sector bank HDFC has a vast online and offline appearance and has existed for the last two decades. The company has been named one of the top full-service stock brokers in India and is headquartered in Mumbai and has over 270 offices and branches across the country.
Known for its comprehensive services to a variety of clients and professional traders along with online and offline trading services, HDFC Securities Limited offers a wide range of stockbroking services along with the distribution of financial products. The clients of this broking house can trade through Stocks, Mutual Funds, Commodities, FDs, Bonds, etc., and get the benefits of trading and investing with an award-winning broking house.
5Paisa is a part of IIFL (India Infoline) and provides the cheapest stock brokerage in India. IIFL launched 5Paisa to offer a low brokerage platform to its clients and compete with the fast-growing discount broking industry.
Upstox is a fast-growing discount broker backed by a group of prominent investors including Kalaari Capital, Ratan Tata, GVK Devex, etc. It is also known as RKSV. Upstox started in 2012 as RKSV and was rebranded to Upstox in 2015. As of January 2021, Upstox has the second-largest number of active clients on NSE after Zerodha.
With a client base of over 2 million, Sharekhan has been one of the top three stockbrokers in India. Sharekhan’s journey from being a part of the SSKI group to becoming a subsidiary of BNP Paribas was not only appealing to investors but also to traders. It is the first stockbroker in India to start an online trading website sharekhan.com.
The best investment platform offers a wide range of products and services such as stock quotes, news alerts on the stock market, fundamental and analytical research reports on equities, mutual fund investments, IPOs, etc. The customer-centric account type enables investors and traders to select the best plan for their needs.
8. Motilal Oswal
With more than 20+ years of experience in trading and investment, spread across 500+ cities and comprising 2,200+ business locations, it is one of the most reputed stock brokers in India. From sub-brokers to leading entrepreneurs in a business in financial services, Mr. Motilal Oswal and Mr. Ramdev Agarwal are two big names in the Indian stock market who have focused on providing high-quality research-based stock recommendations to clients today there are big players in the stock market and one of the biggest stock broking firms in the industry.
They not only delved into the broking business but entered into all new avenues providing private equity, investment banking, mutual funds, portfolio management services, wealth management, and a niche financial services company.
Motilal Oswal Securities Limited is a subsidiary of Motilal Oswal Financial Services Limited. Today, this diversified financial services firm also diversifies into clients as they have retail clients, foreign institutional investors, high net worth individuals, financial institutions, and small and large corporates.
9. Kotak Securities
Established in 1994, Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank with a presence in 360+ cities. One of the top five full-service brokers and one of the very few stockbrokers to offer a 3-in-1 account facility, Kotak Securities Limited is known to be unconventional in offering unique services to its clients.
As a part of the well-known financial services provider, Kotak Mahindra Group, Kotak Securities with its group offers various multi-asset class investment and trading products and services, distribution services, insurance products, investment banking, and many more. offers something. A number of customers are spread in India as well as across the world.
The company has been the first broker across the country to introduce margin finance for online trading, IPO, and mutual fund investments over the phone, SMS alerts just before the execution of depository transactions, auto-invest, and margin against securities using shares in Demat account Is. , This is the reason why it is renowned for its innovations and use of advanced technologies to ease the investment and trading experience for its clients.
10. India Infoline (IIFL)
Established in 1995, India Infoline (IIFL) has a wide network of over 4,000+ branches spread across 900+ cities across India. IIFL is a trusted financial services provider in India providing fast online trading along with research-based advisory services. It provides services to invest and trade in Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPOs Bonds, etc.
I have exclusively drawn a comparison chart just for you. Also I will suggest you the best Stock Broker here.
Look at the comparison chart first.
Comparison of Top 4 Stock Brokers in India
The above information is correct as per my knowledge rest you can also do research before opening the Demat Account.
If you are looking for best service and user interface then Angel One (Previously known as Angel Broking) is among them.
You will get below benefits with Angel One:
1.Free Demat Account
2.Zero Equity Delivery
3.₹20 Per Order in Intraday, commodity and currency
4.Limit Upto 48 Times
5.MTF Facility Available
6.30 Years Of Trust
To Enjoy Free account with Angel One click below: