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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 Compare
1Angel OneYesYesYesYes4,663,414Open Account Angel One Review
2ICICIdirectYesYesYesYes1,953,563Open Account ICICIdirect Review
3HDFC SecuritiesYesYesYesYes998,480HDFC Securities Review
4Kotak SecuritiesYesYesYesYes974,675Open Account Kotak Securities Review
5Motilal OswalYesYesYesYes781,698Open Account Motilal Oswal Review
6SBI SecuritiesYesYesYesYes634,122SBI Securities Review
7SharekhanYesYesYesYes633,555Sharekhan Review
8IIFL SecuritiesYesYesYesYes430,837Open Account IIFL Securities Review
9AxisDirectYesYesYesYes325,887AxisDirect Review
10GeojitYesYesYesYes230,477Geojit 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 Comments

1. Shalin Gopinathan   I Like It. |Report Abuse|  Link|July 7, 2020 11:52:36 AMReply
I am having a good experience with upstox. It's good..
1.1. Krushna   I Like It. |Report Abuse|  Link|September 29, 2020 2:18:38 AM
Does upstock provide trade tips?
1.2. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|May 12, 2021 1:44:44 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.