Best Online Brokers for Research (Discount Broker)

Best Online Brokers for Research (Discount Broker)

The online stock broker offers no-frill online services at a very low cost (in comparison to full-service brokers) by leveraging the latest technology. These brokers are also known as discount brokers.

Finding the best online brokers for research is difficult as the discount broker usually doesn't offer add-ons like stock research and recommendations. In contrast, all full-service brokers offer free stock broker advice. But they charge over 60% higher brokerage fees.

A few online brokers have an in-house research team. These brokers provide a range of research reports and trading tips to their customers. The free broker research reports offered by a few discount brokers put them in direct competition with the full-service brokers who charge over 60% higher brokerage for these add-ons.

Some online brokers also build artificial intelligence based advisory robots. These robo advisory tools allow customers to set up their goals and get customized trading tips.

Below is the list of best online broker for research in India:

Best Online Brokers for Research (Discount Broker)

Rank Broker Trading Tips Market Report News Alert Result Analysis Active Clients Request Callback Review
1Angel BrokingYesYesYesYes1,979,094Open Account Angel Broking Review
2ICICI DirectYesYesYesYes1,847,989Open Account ICICI Direct Review
3HDFC SecuritiesYesYesYesYes970,651Open AccountHDFC Securities Review
4Kotak SecuritiesYesYesYesYes787,723Open AccountKotak Securities Review
5SharekhanYesYesYesYes724,674Open AccountSharekhan Review
6Motilal OswalYesYesYesYes650,404Open AccountMotilal Oswal Review
7AxisDirectYesYesYesYes460,945Open AccountAxisDirect Review
8SBI SecuritiesYesYesYesYes345,410Open AccountSBI Securities Review
9IIFL SecuritiesYesYesYesYes324,853Open Account IIFL Securities Review
10GeojitYesYesYesYes215,138Open AccountGeojit Review

The online stock brokers offer:

  1. Morning Outlook (news and views before market open)
  2. Weekly Roundup
  3. Technical Reports
  4. Research Reports (stock, sector or market)
  5. Intraday Trading Tips
  6. Technical Pick
  7. Fundamental Research Reports


Shalin Gopinathan
1. Shalin Gopinathan  Jul 7, 2020 10:52 I Like It. | Report Abuse Reply
I am having a good experience with upstox. It's good..
1.1. Krushna  Sep 29, 2020 01:18 I Like It. | Report Abuse
Does upstock provide trade tips?
1.2. Team  May 12, 2021 12:44 I Like It. | Report Abuse
No, Upstox doesn't provide trading tips.

If you are looking for trading tips, you should consider full-service brokers like Angel Broker, IIFL and Edelweiss.


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