Published on Monday, April 15, 2019 by Admin
A good stock broker is a must for investing in stock markets. And that's why every trader wishes to open an account with the best stock broker in India. This article gives you an unbiased list of top 10 discount brokers and top 10 full-service brokers in India to help you find the best share broker for your trading needs.
There are 2 types of stock brokerage firms in India; Full-service stock brokers and discount stock brokers. To help you find the best stock broker in India, we have created a top 10 list of both broker types:
Full-services stock brokers or traditional brokers are those companies that offer a complete range of services to their customers. While stock broking services remain the major offering of these companies, they also offer other investment related services like Portfolio Management Services, Mutual Funds, IPOs, Research Advisory etc. ShareKhan, Motilal Oswal, ICICIdirect are some of the top full-service brokers in India.
Full services brokers offer their services through both online and offline channels. In online trading services, they provide their customers access to different types of online trading software on the desktop, mobile and web platforms. Some brokers also provide instant, paperless account opening services. In offline services, they offer their services through dedicated relationship managers, branches and call-and-trade facility. Most of the brokers also have branch offices in multiple locations across their area of operations that act as service points. Customers can visit these branch offices and invest in stocks, mutual funds etc., as well get their issues resolved.
Another key feature of a full-service broker is research advisory services for the clients. Most of these brokers have dedicated research team who provide trading calls and research reports to the customers on market trends, economy and investments.
Full-service brokers offer more than stock broking services. They offer their clients investment services in Mutual Funds, Bonds, Insurance and other fixed-income instruments. Their services also include PMS, wealth management etc.
So, if you want to open a trading and demat account with the best full-service broker in India then check out our list of top 10 share brokers in India:
Online discount brokers like Zerodha, Fyers, Upstox etc., are fast gaining popularity among the traders. Unlike traditional stock brokers, these companies operate on a completely online business model. The discount brokerage firms only offer trading services through online platforms like web, mobile and downloadable desktop software. These companies don't offer branch services and rely on technology for customer support.
Online discount brokers provide trading services online. From account opening, trading to customer support- everything happens online.
The online business model of discount brokers enable them to save on infrastructure, employees and other expenses. This allows them to charge low brokerage from the clients. They also charge flat brokerage wherein customers pay a fixed brokerage per order irrespective of the trade value.
Unlike full-service stock brokers, online discount brokers offer a limited number of services. Most of them don't offer research, PMS and investment services in Mutual Funds, Bonds, IPOs etc.
So, if you are looking for the best online discount broker to open a trading and demat account with, then check out our list of top 10 share brokers in India:
Both full-service and discount brokers have their pros and cons. Let's look at the advantages and disadvantages of both:
After going through the pros and cons of discount and full-service brokers, you must have got a good understanding of the difference between the two. Whether you should opt for a full-service stock broker or an online discount broker depends on a number of factors like:
So match your trading needs with the features of the brokers and then choose from one of the top share broker.
No comments found. Be the first to post a comment.
Current IPOIPO Dashboard Current Mainline IPO Current SME IPO IPO Calendar Performance Tracker DRHP / RHP Docs
Live IPO InformationIPO Subscription IPO Listing Date IPO Allotment Status IPO Reviews IPO Rating Basis of Allotment
Stock Broker ComparisonCompare Share Brokers Side-by-Side Comparison List of Stock Brokers Broker Complaints Monitor Articles / Tutorials Glossary
Discount Brokers5paisa (Flat ₹10) Zerodha (Flat ₹20) ProStocks (Flat ₹15) Upstox RKSV (Flat ₹20) Trade Smart Online More Discount Brokers >>
Full-service BrokersICICI Direct Motilal Oswal Angel Broking Edelweiss Broking Aditya Birla Money More Full-service Brokers >>
More About BrokersSpecial Offers Broker Reports Top 10 Discount Brokers Top 10 Full-Service Brokers Top 20 Share Brokers
History of ChittorgarhHistory of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)
Tourism at ChittorgarhFort of Chittorgarh Photo Gallery Around Chittorgarh How to Reach Palace on Wheels