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 OneYesYesYesYes3,060,398Open Account Angel One Review
2ICICIdirectYesYesYesYes3,031,192Open Account ICICIdirect Review
3Kotak SecuritiesYesYesYesYes1,256,001Kotak Securities Review
4HDFC SecuritiesYesYesYesYes1,141,264HDFC Securities Review
5IIFL SecuritiesYesYesYesYes1,132,766Open Account IIFL Securities Review
6Motilal OswalYesYesYesYes896,851Motilal Oswal Review
7SharekhanYesYesYesYes764,250Open Account Sharekhan Review
8SBI SecuritiesYesYesYesYes635,384SBI Securities Review
9AxisDirectYesYesYesYes422,358AxisDirect Review
10Choice BrokingYesYesYesYes253,785Choice Broking 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


1. Shalin Gopinathan   I Like It. | Report Abuse |   Link | Jul 7, 2020 10:52:36 AM Reply
I am having a good experience with upstox. It's good..
1.1. Krushna   I Like It. | Report Abuse |   Link | Sep 29, 2020 1:18:38 AM
Does upstock provide trade tips?
1.2. Team   I Like It. | Report Abuse |   Link | May 12, 2021 12:44:44 PM
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.