Top 10 Full-Service Brokers in India By Clients at NSE in 2019

Full-Service Broker is a stock broker who offers add-ons like research reports, advisory and a relationship manager apart from helping you buy and sell shares. They also offers wide range of products including Mutual Funds, IPO, Debt, Insurance, Loans etc.

On the other side, a Discount Broker leverages technology to reduce the operation cost and offer low cost online brokerage services. Discount brokers do not offer most add-ons usually offered by a full service broker.

A full-service broker is good for following investors/traders:

  1. A beginner investors need to have their hand held by some in initial days of trading.
  2. Traders who are looking for higher margin or margin funding. Trader can get significantly higher margin based on his personal relation with the broker or sub-broker.
  3. Traders planning to use Call & Trade a lot or visit the branch in person. Most discount brokers charges extra for call & trade and do not have local branches.
  4. Investors looking for verity of financial products for investment though the broker i.e. Mutual Funds, IPO, Debt, Insurance, FD etc.

Note that apart from the standard % based brokerage structure, most traditional brokerages also offer volume-based plans where the brokerage varies according to the size of transactions on a periodic basis. At higher turnovers, the brokerage can come down to as low as 0.05-0.15%.

Below is the list of top 10 full-service brokers in India based on number of active clients at NSE. Click on the name of broker to read the review of the broker and to know more about the services they offer.

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By Popular Stock Brokers
Zerodha Review   Zerodha
    The Discount Stock Broker

Free Equity Delivery Trades
Flat ₹20 Per Trade in F&O

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2nd largest stockbroker by the no. of clients.

5paisa Review  5paisa
    Fast Growing Discount Stock Broker

Trading at Flat ₹10 Per Trade

Instant - Online Account Opening

GET FREE Demat Account

ProStocks Reivew
    Flat Fee Discount Broker

Flat ₹15 per Trade
Lowest Transaction Charge
Lowest Stamp Duty

FREE Trading + Demat Acct

Angel Broking Review   Angel Broking
    Leading Retail Broker in India

₹0 account opening fee +
20% off on online trading

Request Instant Call Back

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

₹0 account opening fee on Online Trading + Demat Acct
(₹1150 waived)

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