lowest brokerage charges for online trading in india

Zerodha carved out a spot as India's biggest online brokerage but for a derivatives trade of ₹1 crore, Zerodha would only charge ₹20. Know best demat account with lowest brokerage charges in India. A review on low brokerage demat and trading accounts by best stock brokers. Leading online trading solutions for traders, investors and advisors, Interactive Brokers was Rated #1 for commissions and fees, including the lowest.

Lowest brokerage charges for online trading in india -

Interactive Brokers review summary

 

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1978. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Our overall Interactive Brokers rating

Compare this broker to the best Interactive Brokers alternative here.

Recommended for traders looking for broad market access and a professional trading environment

• Low trading fees • Complicated account opening process
• Wide range of products • Complex desktop trading platform
• Many great research tools • Understaffed customer service

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#1 Interactive Brokers
Fees

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
• Low trading fees None
• Free stock and ETF trading for US clients
• Low margin rates
Interactive Brokers Saxo Bank TradeStation tastyworks eToro
US stock $1.0 $10.0 $1.0 $0.0 $0.0
UK stock $4.2 $11.2 - - $0.0
EURUSD benchmark fee $10.5 $7.8 - - $8.0
AUDUSD benchmark fee $8.9 $6.2 - - $7.5
GBPUSD benchmark fee $8.3 $5.7 - - $7.1
S&P 500 index CFD fee $2.8 $1.4 - - $1.4
Europe 50 index CFD fee $3.1 $2.0 - - $2.4

The above calculation includes all spreads, commissions and financing rates (if applicable) for opening a position, holding it for a week, and closing it.

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#1 Interactive Brokers
Account opening

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
• Fully digital • Not user-friendly
• No minimum deposit for most account types
Interactive Brokers Saxo Bank TradeStation tastyworks eToro
Minimum deposit $0 $2,000 $0 $0 $200
Time to open account 1-3 days >3 days 1 day 1 day 1 day

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#1 Interactive Brokers
Deposit and withdrawal

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
• No deposit fee • Credit/Debit card not available
• Several account base currencies
• First withdrawal free each month
Interactive Brokers Saxo Bank TradeStation tastyworks eToro
Bank transfer YesYesYesYesYes
Credit/debit card NoNoNoNoYes
Electronic wallets NoNoNoNoYes
Withdrawal fee $0 $0 $0 $0 $5

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#1 Interactive Brokers
Markets and products

At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
Interactive Brokers Saxo Bank TradeStation tastyworks eToro
Stocks YesYesYesYesYes
ETFs YesYesYesYesYes
Forex YesYesNoNoYes
Funds YesYesYesNoNo
Bonds YesYesYesNoNo
Options YesYesYesYesNo
Futures YesYesYesYesNo
CFDs YesYesNoNoYes
Crypto YesYesYesYesYes

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#1 Interactive Brokers
Web trading platform

Interactive Brokers' web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
• User-friendly • User experience could be better
• Clear fee report
• Two-step (safer) login
Interactive Brokers Saxo Bank TradeStation tastyworks eToro
Web platform score 4.0stars5.0stars4.3stars3.4stars4.4stars
Mobile platform score 3.5stars5.0stars4.8stars4.2stars4.7stars
Desktop platform score 3.8stars5.0stars2.8stars3.9stars -

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.

On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools

There are some drawbacks, though. We weren't satisfied with the quaity of the customer service and the account opening processis complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.5stars
Recommended for Traders looking for broad market access and a professional trading environment

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Источник: https://brokerchooser.com/best-brokers/best-international-online-brokers-for-citizens-in-india

E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). The retail online $0 commission does not apply to Over-the-Counter (OTC), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, futures, or fixed income investments. Service charges apply for trades placed through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. Additional regulatory and exchange fees may apply. For more information about pricing, visit etrade.com/pricing.

E*TRADE credits and offers may be subject to US withholding taxes and reporting at retail value. Taxes related to these credits and offer are the customer’s responsibility. Cash credits for Individual Retirement Accounts are treated as earnings for tax purposes.

Offer valid for new E*TRADE Securities customers opening one new eligible retirement or brokerage account by 12/31/2021 and funded within 60 days of account opening with $10,000 or more. Promo code 'BONUS21'.

New customer opening one account: These rules strictly apply to customers who are opening one new E*TRADE account, do not have an existing E*TRADE account and do not open any other new E*TRADE accounts for 60 days after enrollment in this offer. For other circumstances, please refer to the “Existing Customers or New Customers Opening More than One Account” disclosures below.

Cash credits will be granted based on deposits of new funds or securities from external accounts made within 60 days of account opening, as follows: $10,000-$19,999 will receive $50; $20,000-$24,999 will receive $100; $25,000-$99,999 will receive $200; $100,000-$199,999 will receive $300; $200,000-$499,999 will receive $600; $500,000-$999,999 will receive $1,200; $1,000,000-$1,499,999 will receive $2,500; $1,500,000 or more will receive $3,000.

Reward tiers under $200,000 ($10,000-$19,999; $20,000-$24,999; $25,000-$99,999; $100-000-$199,999) will be paid within seven business days following the expiration of the 60 day period. However, if you deposit $200,000 or more, you will receive a cash credit within seven business days, followed by any additional reward based on your fulfillment tier at the expiration of the 60 day period. If you have deposited at least $200,000 in the new account, and you make subsequent deposits in that account to reach a higher tier, you will receive a second cash credit following the close of the 60 day window. For example, if you deposit $250,000, you will receive a cash credit of $600 within seven business days, then if you deposit an additional $300,000 into your new account, you will receive an additional cash credit of $600 at the end of the 60 day window for a total reward of $1,200. If you deposit between $200,000 and $1,499,999 in your new account, you will receive a cash credit in two transactions at the end of the 60 day window—depending on your initial funding amount. If you deposit $1,500,000 or more in your new account, you will receive two cash credits that will total $3,000 within seven business days.

Existing customers or new customers opening more than one account are subject to different offer terms. Please click here to view offer terms.

Offer rules for all participants: New funds or securitiesmust be deposited or transferred within 60 days of enrollment in offer, be from accounts outside of E*TRADE, and remain in the account (minus any trading losses) for a minimum of twelve months or the cash credit(s) may be surrendered. For purposes of the value of a deposit, any securities transferred will be valued the first business day following completion of the deposit. Removing any deposit or cash during the promotion period (60 days) may result in lower reward amount or loss of reward. Any assets transferred from Morgan Stanley accounts to E*TRADE are not considered to be from accounts outside of E*TRADE and may not be included for purposes of offer eligibility or reward amount calculations, at E*TRADE’s sole discretion.

E*TRADE Securities reserves the right to terminate this offer at any time.

If you are attempting to enroll in this offer with a Joint Account, the primary account holder may have to fulfill at the tiers noted before the secondary account holder can enroll in this offer. If you experience any issues when attempting to enroll with a Joint Account, please contact us 800-387-2331 (800-ETRADE-1) and we will be able to assist you with your enrollment.

Offer limitations: This offer is not valid for any business (incorporated or unincorporated) accounts, E*TRADE Futures, E*TRADE Capital Management, E*TRADE Bank, E*TRADE Savings Bank accounts, or select retirement accounts including SEP IRA, SIMPLE IRA, retirement accounts for minors, profit sharing plans, money purchase pension plans, investment only noncustodial retirement plans. Excludes current E*TRADE and Morgan Stanley employees, including any subsidiaries thereof, non-U.S. residents, and any jurisdiction where this offer is not valid. You must be the original recipient of this offer to enroll. Customers may only be enrolled in one offer at a time. One offer per customer at a time. Cannot be combined with any other offers.

This offer neither is, nor should be construed as a recommendation or solicitation to buy, sell, or hold any security, financial product or instrument or to open a particular account or engage in any specific investment strategy.

Источник: https://us.etrade.com/home
Online Stock and Share Trading Broker in india">

Online Investing

Execute your online investing strategy with free online trading and investing products. Interactive online tools are available to help you make an informed investing decision.

Источник: https://www.prostocks.com/

Stock

Shares into which ownership of the corporation is divided

This article is about the total shares in a business. For individual units of corporate stock, see Share (finance). For "capital stock" as an input to production, see Physical capital. For the goods and materials a business holds, see Inventory. For other uses, see Stock (disambiguation).

In finance, stock (also capital stock) consists of all of the shares into which ownership of a corporation or company is divided.[1] (Especially in American English, the word "stocks" is also used to refer to shares.)[1][2] A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt),[3] or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classes of stock may be issued for example without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of shareholders.

Stock can be bought and sold privately or on stock exchanges, and such transactions are typically heavily regulated by governments to prevent fraud, protect investors, and benefit the larger economy. The stocks are deposited with the depositories in the electronic format also known as Demat account. As new shares are issued by a company, the ownership and rights of existing shareholders are diluted in return for cash to sustain or grow the business. Companies can also buy back stock, which often lets investors recoup the initial investment plus capital gains from subsequent rises in stock price. Stock options issued by many companies as part of employee compensation do not represent ownership, but represent the right to buy ownership at a future time at a specified price. This would represent a windfall to the employees if the option is exercised when the market price is higher than the promised price, since if they immediately sold the stock they would keep the difference (minus taxes).

Shares[edit]

A person who owns a percentage of the stock has the ownership of the corporation proportional to their share. The shares form stock. The stock of a corporation is partitioned into shares, the total of which are stated at the time of business formation. Additional shares may subsequently be authorized by the existing shareholders and issued by the company. In some jurisdictions, each share of stock has a certain declared par value, which is a nominal accounting value used to represent the equity on the balance sheet of the corporation. In other jurisdictions, however, shares of stock may be issued without associated par value.

Shares represent a fraction of ownership in a business. A business may declare different types (or classes) of shares, each having distinctive ownership rules, privileges, or share values. Ownership of shares may be documented by issuance of a stock certificate. A stock certificate is a legal document that specifies the number of shares owned by the shareholder, and other specifics of the shares, such as the par value, if any, or the class of the shares.[4]

In the United Kingdom, Republic of Ireland, South Africa, and Australia, stock can also refer, less commonly, to all kinds of marketable securities.[5]

Types[edit]

Stock typically takes the form of shares of either common stock or preferred stock. As a unit of ownership, common stock typically carries voting rights that can be exercised in corporate decisions. Preferred stock differs from common stock in that it typically does not carry voting rights but is legally entitled to receive a certain level of dividend payments before any dividends can be issued to other shareholders.[6][7][page needed] Convertible preferred stock is preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually any time after a predetermined date. Shares of such stock are called "convertible preferred shares" (or "convertible preference shares" in the UK).

New equity issue may have specific legal clauses attached that differentiate them from previous issues of the issuer. Some shares of common stock may be issued without the typical voting rights, for instance, or some shares may have special rights unique to them and issued only to certain parties. Often, new issues that have not been registered with a securities governing body may be restricted from resale for certain periods of time.

Preferred stock may be hybrid by having the qualities of bonds of fixed returns and common stock voting rights. They also have preference in the payment of dividends over common stock and also have been given preference at the time of liquidation over common stock. They have other features of accumulation in dividend. In addition, preferred stock usually comes with a letter designation at the end of the security; for example, Berkshire-Hathaway Class "B" shares sell under stock ticker BRK.B, whereas Class "A" shares of ORION DHC, Inc will sell under ticker OODHA until the company drops the "A" creating ticker OODH for its "Common" shares only designation. This extra letter does not mean that any exclusive rights exist for the shareholders but it does let investors know that the shares are considered for such, however, these rights or privileges may change based on the decisions made by the underlying company.

Rule 144 stock[edit]

"Rule 144 Stock" is an American term given to shares of stock subject to SEC Rule 144: Selling Restricted and Control Securities.[8] Under Rule 144, restricted and controlled securities are acquired in unregistered form. Investors either purchase or take ownership of these securities through private sales (or other means such as via ESOPs or in exchange for seed money) from the issuing company (as in the case with Restricted Securities) or from an affiliate of the issuer (as in the case with Control Securities). Investors wishing to sell these securities are subject to different rules than those selling traditional common or preferred stock. These individuals will only be allowed to liquidate their securities after meeting the specific conditions set forth by SEC Rule 144. Rule 144 allows public re-sale of restricted securities if a number of different conditions are met.

Stock derivatives[edit]

Further information: Equity derivative

A stock derivative is any financial instrument for which the underlying asset is the price of an equity. Futures and options are the main types of derivatives on stocks. The underlying security may be a stock index or an individual firm's stock, e.g. single-stock futures.

Stock futures are contracts where the buyer is long, i.e., takes on the obligation to buy on the contract maturity date, and the seller is short, i.e., takes on the obligation to sell. Stock index futures are generally delivered by cash settlement.

A stock option is a class of option. Specifically, a call option is the right (not obligation) to buy stock in the future at a fixed price and a put option is the right (not obligation) to sell stock in the future at a fixed price. Thus, the value of a stock option changes in reaction to the underlying stock of which it is a derivative. The most popular method of valuing stock options is the Black–Scholes model.[9] Apart from call options granted to employees, most stock options are transferable.

History[edit]

During the Roman Republic, the state contracted (leased) out many of its services to private companies. These government contractors were called publicani, or societas publicanorum as individual companies.[10] These companies were similar to modern corporations, or joint-stock companies more specifically, in a couple of aspects. They issued shares called partes (for large cooperatives) and particulae which were small shares that acted like today's over-the-counter shares.[11] Polybius mentions that "almost every citizen" participated in the government leases.[12] There is also evidence that the price of stocks fluctuated. The Roman orator Cicero speaks of partes illo tempore carissimae, which means "shares that had a very high price at that time".[13] This implies a fluctuation of price and stock market behavior in Rome.

Around 1250 in France at Toulouse, 100 shares of the Société des Moulins du Bazacle, or Bazacle Milling Company were traded at a value that depended on the profitability of the mills the society owned.[14] As early as 1288, the Swedish mining and forestry products company Stora has documented a stock transfer, in which the Bishop of Västerås acquired a 12.5% interest in the mine (or more specifically, the mountain in which the copper resource was available, the Great Copper Mountain) in exchange for an estate.

The earliest recognized joint-stock company in modern times was the English (later British) East India Company, one of the most notorious joint-stock companies. It was granted an English Royal Charter by Elizabeth I on 31 December 1600, with the intention of favouring trade privileges in India. The Royal Charter effectively gave the newly created Honourable East India Company (HEIC) a 15-year monopoly on all trade in the East Indies.[15] The company transformed from a commercial trading venture to one that virtually ruled India as it acquired auxiliary governmental and military functions, until its dissolution.

Soon afterwards, in 1602,[16] the Dutch East India Company issued the first shares that were made tradeable on the Amsterdam Stock Exchange, an invention that enhanced the ability of joint-stock companies to attract capital from investors as they now easily could dispose of their shares.[17] The Dutch East India Company became the first multinational corporation and the first megacorporation. Between 1602 and 1796 it traded 2.5 million tons of cargo with Asia on 4,785 ships and sent a million Europeans to work in Asia, surpassing all other rivals.

The innovation of joint ownership made a great deal of Europe's economic growth possible following the Middle Ages. The technique of pooling capital to finance the building of ships, for example, made the Netherlands a maritimesuperpower. Before the adoption of the joint-stock corporation, an expensive venture such as the building of a merchant ship could be undertaken only by governments or by very wealthy individuals or families.

The Dutch stock market of the 17th century included the use of stock futures, stock options, short selling, the use of credit to purchase shares, a speculative bubble that crashed in 1695, and a change in fashion (namely, in headdresses) that unfolded and reverted in time with the market. Edward Stringham also noted that the uses of practices such as short selling continued to occur during this time despite the government passing laws against it. This is unusual because it shows individual parties fulfilling contracts that were not legally enforceable and where the parties involved could incur a loss. Stringham argues that this shows that contracts can be created and enforced without state sanction or, in this case, in spite of laws to the contrary.[18][19]

Shareholder[edit]

Main article: Shareholder

A shareholder (or stockholder) is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. Both private and public traded companies have shareholders.

Shareholders are granted special privileges depending on the class of stock, including the right to vote on matters such as elections to the board of directors, the right to share in distributions of the company's income, the right to purchase new shares issued by the company, and the right to a company's assets during a liquidation of the company. However, shareholder's rights to a company's assets are subordinate to the rights of the company's creditors.

Shareholders are one type of stakeholders, who may include anyone who has a direct or indirect equity interest in the business entity or someone with a non-equity interest in a non-profit organization. Thus it might be common to call volunteer contributors to an association stakeholders, even though they are not shareholders.

Although directors and officers of a company are bound by fiduciary duties to act in the best interest of the shareholders, the shareholders themselves normally do not have such duties towards each other.

However, in a few unusual cases, some courts have been willing to imply such a duty between shareholders. For example, in California, USA, majority shareholders of closely held corporations have a duty not to destroy the value of the shares held by minority shareholders.[20][21]

The largest shareholders (in terms of percentages of companies owned) are often mutual funds, and, especially, passively managed exchange-traded funds.

Application[edit]

The owners of a private company may want additional capital to invest in new projects within the company. They may also simply wish to reduce their holding, freeing up capital for their own private use. They can achieve these goals by selling shares in the company to the general public, through a sale on a stock exchange. This process is called an initial public offering, or IPO.

By selling shares they can sell part or all of the company to many part-owners. The purchase of one share entitles the owner of that share to literally share in the ownership of the company, a fraction of the decision-making power, and potentially a fraction of the profits, which the company may issue as dividends. The owner may also inherit debt and even litigation.

In the common case of a publicly traded corporation, where there may be thousands of shareholders, it is impractical to have all of them making the daily decisions required to run a company. Thus, the shareholders will use their shares as votes in the election of members of the board of directors of the company.

In a typical case, each share constitutes one vote. Corporations may, however, issue different classes of shares, which may have different voting rights. Owning the majority of the shares allows other shareholders to be out-voted – effective control rests with the majority shareholder (or shareholders acting in concert). In this way the original owners of the company often still have control of the company.

Shareholder rights[edit]

Although ownership of 50% of shares does result in 50% ownership of a company, it does not give the shareholder the right to use a company's building, equipment, materials, or other property. This is because the company is considered a legal person, thus it owns all its assets itself. This is important in areas such as insurance, which must be in the name of the company and not the main shareholder.

In most countries, boards of directors and company managers have a fiduciary responsibility to run the company in the interests of its stockholders. Nonetheless, as Martin Whitman writes:

...it can safely be stated that there does not exist any publicly traded company where management works exclusively in the best interests of OPMI [Outside Passive Minority Investor] stockholders. Instead, there are both "communities of interest" and "conflicts of interest" between stockholders (principal) and management (agent). This conflict is referred to as the principal–agent problem. It would be naive to think that any management would forego management compensation, and management entrenchment, just because some of these management privileges might be perceived as giving rise to a conflict of interest with OPMIs.[22]

Even though the board of directors runs the company, the shareholder has some impact on the company's policy, as the shareholders elect the board of directors. Each shareholder typically has a percentage of votes equal to the percentage of shares he or she owns. So as long as the shareholders agree that the management (agent) are performing poorly they can select a new board of directors which can then hire a new management team. In practice, however, genuinely contested board elections are rare. Board candidates are usually nominated by insiders or by the board of the directors themselves, and a considerable amount of stock is held or voted by insiders.

Owning shares does not mean responsibility for liabilities. If a company goes broke and has to default on loans, the shareholders are not liable in any way. However, all money obtained by converting assets into cash will be used to repay loans and other debts first, so that shareholders cannot receive any money unless and until creditors have been paid (often the shareholders end up with nothing).[23]

Means of financing[edit]

Financing a company through the sale of stock in a company is known as equity financing. Alternatively, debt financing (for example issuing bonds) can be done to avoid giving up shares of ownership of the company. Unofficial financing known as trade financing usually provides the major part of a company's working capital (day-to-day operational needs).

Trading[edit]

Main article: Stock trader

A stockbroker using multiple screens to stay up to date on trading

In general, the shares of a company may be transferred from shareholders to other parties by sale or other mechanisms, unless prohibited. Most jurisdictions have established laws and regulations governing such transfers, particularly if the issuer is a publicly traded entity.

The desire of stockholders to trade their shares has led to the establishment of stock exchanges, organizations which provide marketplaces for trading shares and other derivatives and financial products. Today, stock traders are usually represented by a stockbroker who buys and sells shares of a wide range of companies on such exchanges. A company may list its shares on an exchange by meeting and maintaining the listing requirements of a particular stock exchange.

Many large non-U.S companies choose to list on a U.S. exchange as well as an exchange in their home country in order to broaden their investor base. These companies must maintain a block of shares at a bank in the US, typically a certain percentage of their capital. On this basis, the holding bank establishes American depositary shares and issues an American depositary receipt (ADR) for each share a trader acquires. Likewise, many large U.S. companies list their shares at foreign exchanges to raise capital abroad.

Small companies that do not qualify and cannot meet the listing requirements of the major exchanges may be traded over-the-counter (OTC) by an off-exchange mechanism in which trading occurs directly between parties. The major OTC markets in the United States are the electronic quotation systems OTC Bulletin Board (OTCBB) and OTC Markets Group (formerly known as Pink OTC Markets Inc.)[24] where individual retail investors are also represented by a brokerage firm and the quotation service's requirements for a company to be listed are minimal. Shares of companies in bankruptcy proceedings are usually listed by these quotation services after the stock is delisted from an exchange.

Buying[edit]

There are various methods of buying and financing stocks, the most common being through a stockbroker. Brokerage firms, whether they are a full-service or discount broker, arrange the transfer of stock from a seller to a buyer. Most trades are actually done through brokers listed with a stock exchange.

There are many different brokerage firms from which to choose, such as full service brokers or discount brokers. The full service brokers usually charge more per trade, but give investment advice or more personal service; the discount brokers offer little or no investment advice but charge less for trades. Another type of broker would be a bank or credit union that may have a deal set up with either a full-service or discount broker.

There are other ways of buying stock besides through a broker. One way is directly from the company itself. If at least one share is owned, most companies will allow the purchase of shares directly from the company through their investor relations departments. However, the initial share of stock in the company will have to be obtained through a regular stock broker. Another way to buy stock in companies is through Direct Public Offerings which are usually sold by the company itself. A direct public offering is an initial public offering in which the stock is purchased directly from the company, usually without the aid of brokers.

When it comes to financing a purchase of stocks there are two ways: purchasing stock with money that is currently in the buyer's ownership, or by buying stock on margin. Buying stock on margin means buying stock with money borrowed against the value of stocks in the same account. These stocks, or collateral, guarantee that the buyer can repay the loan; otherwise, the stockbroker has the right to sell the stock (collateral) to repay the borrowed money. He can sell if the share price drops below the margin requirement, at least 50% of the value of the stocks in the account. Buying on margin works the same way as borrowing money to buy a car or a house, using a car or house as collateral. Moreover, borrowing is not free; the broker usually charges 8–10% interest.

Selling[edit]

Selling stock is procedurally similar to buying stock. Generally, the investor wants to buy low and sell high, if not in that order (short selling); although a number of reasons may induce an investor to sell at a loss, e.g., to avoid further loss.

As with buying a stock, there is a transaction fee for the broker's efforts in arranging the transfer of stock from a seller to a buyer. This fee can be high or low depending on which type of brokerage, full service or discount, handles the transaction.

After the transaction has been made, the seller is then entitled to all of the money. An important part of selling is keeping track of the earnings. Importantly, on selling the stock, in jurisdictions that have them, capital gains taxes will have to be paid on the additional proceeds, if any, that are in excess of the cost basis.

Short selling[edit]

Short selling consists of an investor immediately selling borrowed shares and then buying them back when their price has gone down (called "covering").[25] Essentially, such an investor bets[25] that the price of the shares will drop so that they can be bought back at the lower price and thus returned to the lender at a profit.

Risks of short selling[edit]

The risks of short selling stock are usually higher than those of buying stock. This is because the loss can theoretically be unlimited since the stock's value can theoretically go up indefinitely.[25]

Stock price fluctuations[edit]

The price of a stock fluctuates fundamentally due to the theory of supply and demand. Like all commodities in the market, the price of a stock is sensitive to demand. However, there are many factors that influence the demand for a particular stock. The fields of fundamental analysis and technical analysis attempt to understand market conditions that lead to price changes, or even predict future price levels. A recent study shows that customer satisfaction, as measured by the American Customer Satisfaction Index (ACSI), is significantly correlated to the market value of a stock.[26] Stock price may be influenced by analysts' business forecast for the company and outlooks for the company's general market segment. Stocks can also fluctuate greatly due to pump and dump scams.

Share price determination[edit]

At any given moment, an equity's price is strictly a result of supply and demand. The supply, commonly referred to as the float, is the number of shares offered for sale at any one moment. The demand is the number of shares investors wish to buy at exactly that same time. The price of the stock moves in order to achieve and maintain equilibrium. The product of this instantaneous price and the float at any one time is the market capitalization of the entity offering the equity at that point in time.

When prospective buyers outnumber sellers, the price rises. Eventually, sellers attracted to the high selling price enter the market and/or buyers leave, achieving equilibrium between buyers and sellers. When sellers outnumber buyers, the price falls. Eventually buyers enter and/or sellers leave, again achieving equilibrium.

Thus, the value of a share of a company at any given moment is determined by all investors voting with their money. If more investors want a stock and are willing to pay more, the price will go up. If more investors are selling a stock and there aren't enough buyers, the price will go down.

  • Note: "For Nasdaq-listed stocks, the price quote includes information on the bid and ask prices for the stock."[27]

That does not explain how people decide the maximum price at which they are willing to buy or the minimum at which they are willing to sell. In professional investment circles the efficient market hypothesis (EMH) continues to be popular, although this theory is widely discredited in academic and professional circles. Briefly, EMH says that investing is overall (weighted by the standard deviation) rational; that the price of a stock at any given moment represents a rational evaluation of the known information that might bear on the future value of the company; and that share prices of equities are priced efficiently, which is to say that they represent accurately the expected value of the stock, as best it can be known at a given moment. In other words, prices are the result of discounting expected future cash flows.

The EMH model, if true, has at least two interesting consequences. First, because financial risk is presumed to require at least a small premium on expected value, the return on equity can be expected to be slightly greater than that available from non-equity investments: if not, the same rational calculations would lead equity investors to shift to these safer non-equity investments that could be expected to give the same or better return at lower risk. Second, because the price of a share at every given moment is an "efficient" reflection of expected value, then—relative to the curve of expected return—prices will tend to follow a random walk, determined by the emergence of information (randomly) over time. Professional equity investors therefore immerse themselves in the flow of fundamental information, seeking to gain an advantage over their competitors (mainly other professional investors) by more intelligently interpreting the emerging flow of information (news).

The EMH model does not seem to give a complete description of the process of equity price determination. For example, stock markets are more volatile than EMH would imply. In recent years it has come to be accepted that the share markets are not perfectly efficient, perhaps especially in emerging markets or other markets that are not dominated by well-informed professional investors.

Another theory of share price determination comes from the field of Behavioral Finance. According to Behavioral Finance, humans often make irrational decisions—particularly, related to the buying and selling of securities—based upon fears and misperceptions of outcomes. The irrational trading of securities can often create securities prices which vary from rational, fundamental price valuations. For instance, during the technology bubble of the late 1990s (which was followed by the dot-com bust of 2000–2002), technology companies were often bid beyond any rational fundamental value because of what is commonly known as the "greater fool theory". The "greater fool theory" holds that, because the predominant method of realizing returns in equity is from the sale to another investor, one should select securities that they believe that someone else will value at a higher level at some point in the future, without regard to the basis for that other party's willingness to pay a higher price. Thus, even a rational investor may bank on others' irrationality.

Arbitrage trading[edit]

When companies raise capital by offering stock on more than one exchange, the potential exists for discrepancies in the valuation of shares on different exchanges. A keen investor with access to information about such discrepancies may invest in expectation of their eventual convergence, known as arbitrage trading. Electronic trading has resulted in extensive price transparency (efficient-market hypothesis) and these discrepancies, if they exist, are short-lived and quickly equilibrated.

See also[edit]

References[edit]

Wikimedia Commons has media related to Stocks.
  1. ^ abLongman Business English Dictionary:
    "stock - especially AmE one of the shares into which ownership of a company is divided, or these shares considered together"
    "When a company issues shares or stocks especially AmE, it makes them available for people to buy for the first time."
  2. ^stock in Collins English Dictionary: "A stock is one of the parts or shares that the value of a company is divided into, that people can buy."
  3. ^"stock Definition". Investopedia. Retrieved 25 February 2012.
  4. ^"What Is a Stock And The Different Types of Stocks – A Beginners Guide to The Stock Market". Warsoption. Retrieved 9 March 2021.
  5. ^"Cambridge Advanced Learner's Dictionary". Dictionary.cambridge.org. Retrieved 12 February 2010.
  6. ^"Common Stock vs. Preferred Stock, and Stock Classes". InvestorGuide.com. Archived from the original on 6 January 2019. Retrieved 10 June 2007.
  7. ^Zvi Bodie, Alex Kane, Alan J. Marcus, Investments, 9th Ed., ISBN 978-0078034695.
  8. ^"Rule 144: Selling Restricted and Control Securities". US Securities and Exchange Commission. Retrieved 18 May 2013.
  9. ^"Black Scholes Calculator". Tradingtoday.com. Retrieved 12 February 2010.
  10. ^Livy, Ab Urbe Condita
  11. ^(Cic. pro Rabir. Post. 2; Val. Max. VI.9 §7)
  12. ^(Polybius, 6, 17, 3)
  13. ^(Cicero, P. VAT. 12, 29.)
  14. ^"Archived copy". Archived from the original on 13 September 2012. Retrieved 18 December 2009.CS1 maint: archived copy as title (link)
  15. ^Irwin, Douglas A. (December 1991). "Mercantilism as Strategic Trade Policy: The Anglo-Dutch Rivalry for the East India Trade"(PDF). The Journal of Political Economy. The University of Chicago Press. 99 (6): 1296–1314. doi:10.1086/261801. JSTOR 2937731. S2CID 17937216. at 1299.
  16. ^Stringham, Edward (2003). "The Extralegal Development of Securities Trading in Seventeenth Century Amsterdam". The Quarterly Review of Economics and Finance. SSRN 1676251.
  17. ^The oldest share in the world, issued by the Dutch East India Company (Vereenigde Oost-Indische Compagnie or VOC), 1606.
  18. ^Stringham, Edward (2002). "The Origin of the London Stock Exchange as a Self Policing Club". Journal of Private Enterprise. 17 (2): 1–19. SSRN 1676253.
  19. ^"Devil the Hindmost" by Edward Chancellor.
  20. ^Jones v. H. F. Ahmanson & Co., 1 Cal. 3d)
  21. ^"Jones v. H.F. Ahmanson & Co. (1969) 1 C3d 93". Online.ceb.com. Retrieved 12 February 2010.
  22. ^Whitman, 2004, 5
  23. ^Jackson, Thomas (2001). The Logic and Limits of Bankruptcy Law. Oxford Oxfordshire: Oxford University Press. p. 32. ISBN .
  24. ^"Stock Trading". US Securities and Exchange Commission. Retrieved 18 May 2013.
  25. ^ abcHow an Investor Makes Money Short Selling Stocks, Investopedia.com
  26. ^Mithas, Sunil (January 2006). "Increased Customer Satisfaction Increases Stock Price". [email protected]. University of Maryland. Archived from the original on 17 March 2012. Retrieved 25 February 2012.
  27. ^"Understanding Stock Prices: Bid, Ask, Spread". Youngmoney.com. Archived from the original on 7 September 2008. Retrieved 12 February 2010.
Источник: https://en.wikipedia.org/wiki/Stock

Choosing the right stock broker

While choosing an Indian stock broker, you can think over the following points.

What kind of investor are you?

Before choosing an Indian stock broker you will need to ask yourself this question. If you consider yourself a day trader you will need to invest within a small time duration that can be as short as a few minutes and as long as a few hours. As a day trader you will want to seek out a broker who will offer a flat fee on transactions or offer lower fees. This is closely affiliated with discount brokers. Some well-established India based brokers who will offer you real-time, valuable market research platforms for a lower fee include Zerodha and RKSV Security.

The second type of investor will buy and hold stock for longer periods of time. In this case of an investor there is a strong need to obtain extremely accurate data in a short time period in order to make the best investment decision possible. You will need a broker with a solid execution strategy and one who understands long-term market values, trends and trading patterns. India based full service brokers include IDBI Palsa builder, Motilal Oswal Review, Indiabulls and Geojit BNP Paribas.

Reputation of a stock broker

Save yourself money by researching reputations of stock brokers. You can browse through SEBI and stock investment websites in order to find the right broker. Through reputation research you will be able to see any issues complaints that exist against a broker or browse their personal experience working with investors in the market. Choose a broker who is highly experienced and has an up to date knowledge of the inner workings and trends of the market.

Cost Efficiency

There are different kinds of fees associated with working with a broker. There are different kinds of fees associated with working with a broker. Almost all, except a few, also charge small account opening fees to open a trading account. Comparing stock broker commission rates is crucial to optimize the return on investment. There are account opening fees, transaction fees, maintenance fees, etc. Look for low transaction fees if you trade more often and low maintenance fees if you hold stock for a longer duration. Ideally, we strive to find the best brokerage firm with low brokerage fees or charges. At the same the cheapest stock broker isn't always the best stock broker for your specific stock trading needs.

Platform and market research facilities

Brokerages are increasing capacity to utilize advanced technology through software development and market research tools. Operating an account with a broker who has knowledge of these kinds of software and market research tools will provide incentives for you to make informed and timely decisions in choosing stocks.

Range of facilities offered

Whether you are looking to invest in IPO or Market Funds choose an investor who allows you to do so. Working together as a team is crucial in choosing a broker to make decisions with your finances.

Источник: https://www.compareonlinebroker.com/

Best Stock Broker In India

If you have landed here in search of best stock broker in India, you will get all the answers in this article, read on.

Investing in stock market is not considered risky anymore as in 90’s and has become one of the most sought investment method nowadays especially after the pandemic. Due to ease of investment, convenience and liquidity the investors has started looking for best stock broker in India for investment.

If you are thinking about seriously investing in stock market, then you need a broker who has good infrastructure in terms of platforms and connectivity. So it is important that you open your account only with top 10 stock brokers of India for your trading needs.

Who is a Stock Broker ?

Stock broker is an agent who helps in buying and selling the securities (shares) in stock market and charge a nominal fee called brokerage charge.

In India, it is not possible to invest in stock market without having a stock broker.

When you buy shares through a stock broker, the shares are held with depositories such as CDSL or NSDL and not the stock broker. These depositorieas are controlled by government of India, hence you need not worry about safety of shares.

Wheather you buy shares through Broker A or Broker B, the shares are finally stored at NSDL or CSDL and hence it is totally doesn’t matter which broker you use.

But does that means all brokers are same? Can you blindly trust any broker?.

Answer is NO.

The best stock broker is the one who is recognised by stock exchanges and Security Exchange Board of India (SEBI) and has robust trading back bone. We will provide some more pointers at the end of this article about this aspect.

In this post, we will guide you how you can select a ideal stock broker for you out of top 10 stock broker in India based on your trading/investment profile.

Best Stock Broker In India – Review of Top 10 stock brokers In India 2021

10-best-stock-brokers-in-india

There ate multiple stock brokers operating in India. Out of those we have short listed 10 major stock brokers based on the user review.

Below is the list of 10 best stock brokers in India.

  1. Zerodha Stock Broker
  2. Upstox Stock Broker
  3. Angel Broking Stock Broker
  4. SAS online Stock Broker
  5. India Infoline Stock Broker
  6. Sharekhan Stock Broker
  7. ICICI Direct Stock Broker
  8. Edelweiss Stock Broker
  9. Motilal Oswal Stock Broker
  10. Kotak Securities Stock Broker

In India, two types of stock brokers are in operation namely full service broker and discount stock brokers.

Full Service Broker Vs Discount Broker

Who are Full Service Brokers?

Before year 2010, there was only one category of stock brokers in India, that are Full service brokers.

Also called traditional brokers, they provide wide variety of service and products. Mainly stock research and recommendations for investment and products are charectiristics of full service brokers.

They have branches all over India. They usually assign you a Relationship Manager (RM) who will guide you for your investments.

Because of all these expenses they incur, they charge more to thier customers. Usually the brokerage is in terms of the percentage of the investment/trade value. Higher the value higher will be the brokerage.

Motilal Oswal, Sharekan and ICICI Direct are example of leading full service stock brokers of India.

Who are Discount Brokers?

In 2010, a new stock broker called Zerodha introduced Discount brokerage or flat fee concept to India.

The concept was very much there in USA and RobinHood is a famous discount broker of America.

Discount brokers does noi provide any recommendations or tips. Normally they have single or only few offices. All the support is provided online.

They provide only the bare minimum infrastructure like trading platform which enables their clients to do trading and investment.

Because of all these lower overheads, they charge lower brokerage charges.

They charge fixed brokerage say Rs20 for all the trades irrespective of traded/investment value.

So the maximum brokerage one pay is capped at Rs20/trade whether he invests Rs100 or Rs 10 crore.

Because of all these advantages, discount brokers have gained popularity in recent years. Zerodha has become biggest stock broker of India in 2018, just within 8 years of beginning of their operation.

Zerodha, Upstox and SAS Online are some of the major discount brokers of India.

List of Top 10 Discount Brokers In India

Discount brokers does not offer research advice and well suited for the traders who are much concerned about the brokerage over head. Some exceptions are also present in top discount brokers who offer best research in India and other education initiatives.

Usually the top 10 discount brokers in India provide state of the art trading platforms at very low brokerage commission. The platform is normally web or a mobile application.

1. Zerodha – Best Stock Broker In India

Zerodha is the biggest stock broker in India with more than 5 million clients.

We have written a detaield review about Zerodha, you can read the review here.

Zerodha stands for Zero + Rodha. In sanskrit Rodha means barriers. Hence Zerodha aims to break all the barriers of trading that Indian traders usually face such as high brokerage charges and sub par trading platforms.

Founded by Mr. Nithin Kamath in 2010, Zerodha has grown from start up to become largest stock broker of India

Zerodha Brokerage Charges:

As you can see, the brokerage charges are fixed for any traded value. This makes the ideal for traders who trade frequently like day traders and swing traders.

Zerodha also suitable for investors as the brokerage is zero delivery segmenst. That means, if you buy today and don’t sell on same day, the brokerage comission is completely zero.

Zerodha Trading Platform:

Zerodha provides flagship trading platform called KITE. The platform is developed in-house.

KITE is considered as one of the best trading app in India as it is very minimalistic and does not consume much resource.

Zerodha KITE is completely free and there is no subscription fees.

Zerodha Ratings:
CriteriaRatings
Trading Platform9.5/10
Brokerage Charges9.7/10
Research & Advisory9.0/10
Product & Services9.34/10
Broking Experience9.56/10
Overall Ratings9.71/10
Star Ratings★★★★★

Zerodha Account Opening Charges:

  • If account opened offline (by visiting branches and submitting physical forms) : Rs 400
  • If opened online : Rs200

Zerodha account can be opened online within 15 minutes if your mobile number is linked with Aadhar card. Check out this detailed steps on how to open Zerodha account

Save200 : You can save Rs200 when you open account with Zerodha through online mode. Use below button to go directly to Zerodha account opening page.

2. Upstox ( RKSV)

upstox-logo-new

Upstox is another popular broker based on Mumbai and surely a best stock broker in India. Earlier they were known as RKSV securities.

The Upstox is backed by some of the noteable investors of India like Mr Ratan Tata, GVK Davix and Kalaari Capital.

To know more about Upstox, check out our detailed review.

The brokerage charges of Upstox is almost same as that of Zerodha. They have made brokerage for delivery zero. For all other segments like intraday , F&O and commodities.

Check out the comparison of Upstox with Zerodha.

Upstox Brokerage Charges:

Upstox Trading Platform:

The trading platform by name Upstox PRO is offered by Upstox. Again, this platform is developed in-house.

upstox-pro-web-workspace
Upstox Ratings:
CriteriaRatings
Trading Platform9.4/10
Brokerage Charges9.61/10
Research & Advisory9.03/10
Product & Services9.14/10
Broking Experience9.16/10
Overall Ratings9.57/10
Star Ratings★★★★★

3. Angel Broking

Established in 1987, Angel Broking is one of the best stock broker of India with modern platforms and research and advisory service.

Earlier to 2019, they followed the full service brokerage model. But now they have adopeted the discount brokerage model slashing the fees.

They have the wide network of branches and franchises all over India and abroad.

To know more about Angel Broking, read this detailed review.

Angel Broking Brokerage Charges :

The brokerage structure of Angel Broking is almost same as that of Zerodha. No comission is charged for investments and Rs20/trade for all other segments.

Angel Broking Trading Platform:

angel-broking-mobile-app

The leading brokerage company provides desktop, web and mobile app for their customers.

Angel Broking Ratings:
CriteriaRatings
Trading Platform9.74/10
Brokerage Charges9.56/10
Research & Advisory9.77/10
Product & Services9.68/10
Broking Experience9.57/10
Overall Ratings9.53/10
Star Ratings★★★★★

Offer : Angel Broking is currently offering Zero Account opening charges for limited time. Also, the Annual Maintanence Charges (AMC) for first year is also waived off.

To avail the offer, use below button.

angel-broking-button

4. SAS Online

SAS Online probably is the cheap and best stock broker of India. They charge Rs9/Trade. SAS Online also have monthly fixed brokerage plan of Rs999/trade for each segment.

SAS Online is based out of New Delhi. To know more details about SAS Online, check out this SAS Online review.

SAS Online Brokerage Charges:

SAS Online Trading Platform:

They offer trading platforms namely NEST trader and also in house built platform called “Alpha”

sas-online-alpha-platform
SAS Online Ratings:
CriteriaRatings
Trading Platform9.3/10
Brokerage Charges9.41/10
Research & Advisory8.98/10
Product & Services9.04/10
Broking Experience9.00/10
Overall Ratings9.23/10
Star Ratings★★★★★

5. India Infoline ( IIFL)

IIFL-Logo

India Infoline is another full service broker turned discount broker.

They started their buisiness in year 1996 and became popular stock broker in very short period.

There have presence in more than 500 locations across India.

India Infoline Brokerage Charges:

IIFL Trading Platform:

The mobile app from IIFL is known as IIFL Markets.

IIFL Ratings:
CriteriaRatings
Trading Platform9.1/10
Brokerage Charges9.50/10
Research & Advisory9.60/10
Product & Services9.0/10
Broking Experience9.15/10
Overall Ratings9.05/10
Star Ratings★★★★★

India Infoline is offering Free account opening and No AMC for first year. Use below button to avail the offer.

6. Trade Smart Online

tradesmart-online-logo-new

Trade Smart Online is discount brokerage arm of VNS Finance and Capital service limited. VNS are into the brokerage industry since 1994.

They are based out of Mumbai. To know more about Trade Smart Online, read this detailed review.

Trade Smart Online Brokerage Charges:

The brokerage firm Trade Smart Online two types of brokerage plans,

  • Power Plan : Rs 15/trade ; best suited for traders trading very frequently
  • Value Plan : 0.07% for delivery’ 0.007% for F& O and intraday ( Rs 7/lot for Options) – It is suitable for low volume traders and beginners.

Trade Smart Online Trading Platform:

Trade Smart Online Ratings:
CriteriaRatings
Trading Platform8.95/10
Brokerage Charges9.10/10
Research & Advisory8.75/10
Product & Services8.80/10
Broking Experience9.35/10
Overall Ratings8.97/10
Star Ratings★★★★★
TradeSmartOnline_OPen_Online_Trading_Account

7. FYERS Securities

Fyers-Securities-review

FYERS Securities is Bangalore based discount broker. They entered brokerage business comparatively later than Zerodha and Upstox.

Initially they used to charge Rs100/trade but due to competition they have reduced the charges.

To know more about FYERS Securities, check out this detailed review.

FYERS Securities Brokerage Charges:

The brokerage charges of FYERS is almost same as that of Zerodha. The commission for delivery is Zero and for all other segment, they levy a fee of Rs20/trade

FYERS Trading Platform:

FYERS App is suitable for the one who is always on the move. On can trade, check portfolio and reports using the app.

FYERS Ratings:
CriteriaRatings
Trading Platform9.42/10
Brokerage Charges9.10/10
Research & Advisory8.55/10
Product & Services8.70/10
Broking Experience8.35/10
Overall Ratings8.89/10
Star Ratings★★★★
open-trading-account-with-fyers-securities

8. TradePlus Online

tradeplus logo

TradePlus is online discount brokerage arm of Navia Markets. The Chennai based Navia Market are into brokerage and advisory business since 1983.

Check out this review for more information about TradePlus Online.

TradePlus Online Brokerage Charges :

The brokerage charges of TradePlus Online are as follows,

  • Equity Delivery – Zero
  • Equity Futures – Rs799/month
  • Currency Futures – Rs 99/month
  • Equity & Currency Options – Rs99/month

TradePlus Online Trading Platform:

The mobile app from TradePlus Online is Known as Rocket App.

TradePlus Online Ratings:
CriteriaRatings
Trading Platform8.87/10
Brokerage Charges9.30/10
Research & Advisory8.94/10
Product & Services8.90/10
Broking Experience8.97/10
Overall Ratings8.73/10
Star Ratings★★★★

9. Prostocks

prostock-logo

Prostocks is one of the Top 10 discount brokers of India who has lowest stamp duty.

They claim that they dont have any prop desk and safer comparitively to other brokers.

To know more about Prostocks, read this review.

Prostocks Brokerage Charges:

Prostocks has different plans for different types of traders including monthly plans

  • Rs 15/trade across all segments
  • Rs 899/month or Rs 8999/year for Equity cash and derivatives
  • Rs 499/month or Rs 4999/year for Currency segment
Prostocks Ratings:
CriteriaRatings
Trading Platform8.92/10
Brokerage Charges9.00/10
Research & Advisory8.59/10
Product & Services8.65/10
Broking Experience8.75/10
Overall Ratings8.81/10
Star Ratings★★★★

10. TradeJini

Tradejini is Bangalore based discount broker. One can trade in equities, derivatives, currencies and commodities through TradeJini.

They charge Rs20/trade for all segment. Note that delivery segment is also charged Rs20/trade.

Checkout this detailed review to know more about Tradejini.

Tradejini Brokerage Charges:

Tradejini Ratings:
CriteriaRatings
Trading Platform8.91/10
Brokerage Charges8.80/10
Research & Advisory8.34/10
Product & Services8.70/10
Broking Experience8.85/10
Overall Ratings8.79/10
Star Ratings★★★★

Until now we have seen details about 10 best discount brokers of India. now lets move on to full service brokers.

List of Top 10 Full Service Stock Brokers Of India

Full service brokers are also known as Traditional brokers. These kind of brokers provide additional services apart from plain brokerage service. These include research reports, advisory. retirement planning and tax planning.

So some one who is just entering stock market may consider full service brokers at the expense of paying extra brokerage charges.

1. Motilal Oswal

motilal oswal logo

Motilal Oswal was established in 1987 by Mr Ramdeo Agarwal and Mr. Motail Oswal. They are very reputed stock brokers and their advisory is considered with high repute.

To know more about Motilal Oswal, you can read this review post.

Motilal Oswal invest almost 10% of their revenue for research. They have dedicated team of analysts for large cap and mid cap stocks. That is the reason their research papers are widely acknowledged.

They have wide range of products and service for retail and institutional clients. They offer asset management, private equity and mutual funds.

Motilal Oswal Brokerage Charges :

As with the any full service broker, the brokerage charges of MOSL is based on the total invested value. Open the account if you are new to stock market or looking for some guidance about investment.

Below table has the information of comission structure of Motilal Oswal.

Motilal Oswal Trading Platform :

The brokerage firm provides desktop, web and also mobile app for their customers free of cost.

Motilal Oswal Ratings :
CriteriaRatings
Trading Platform9.77/10
Brokerage Charges8.73/10
Research & Advisory9.85/10
Product & Services9.75/10
Broking Experience9.21/10
Overall Ratings9.63/10
Star Ratings★★★★★

Offer : Motilal Oswal is offering Zero account opening charges and also Zero AMC for the first year. To avail this offer, use below button.

account-opening-zero-amc-for-first-year-at-mosl

2. Sharekan

sharekhan-logo-new

Sharekhan is another leading stock broker of India. They are biggest full service broker based out of Mumbai with more than 1.4 million customers.

Recently Sharekhan is acquired by BNP Paribas for Rs2200 crores. Sharekhan has branches all over India and UAE.

CriteriaRatings
Trading Platform9.71/10
Brokerage Charges8.96/10
Research & Advisory9.57/10
Product & Services9.45/10
Broking Experience9.47/10
Overall Ratings9.51/10
Star Ratings★★★★★

3. ICICI Direct

icicidirect logo

ICICI Direct is the 2nd largest stock broker of India after Zerodha. They are backed by one of the premier private sector bank of India i.e ICICI Bank.

ICICI Direct provide 3 in 1 demat account since it is offered by a bank. But brokerage charges of ICIC Direct is on higher side.

CriteriaRatings
Trading Platform9.65/10
Brokerage Charges8.76/10
Research & Advisory9.37/10
Product & Services9.35/10
Broking Experience9.49/10
Overall Ratings9.46/10
Star Ratings★★★★★

4. HDFC Securities

HDFC_Security-logo

HDFC Securities is promoted by HDFC Bank, India’s No.1 private sector bank.

The demat account provider enables trading in equities, derivatives, currencies and commodities. It also possible to transact in IPOs and bonds through HDFC Securities.

CriteriaRatings
Trading Platform9.53/10
Brokerage Charges8.96/10
Research & Advisory9.24/10
Product & Services9.35/10
Broking Experience9.41/10
Overall Ratings9.41/10
Star Ratings★★★★★

5. Edelweiss

edelweiss-online-trading-review

Edelweiss group is a leading financial service company into multiple segments.

Established in 1995, Edelweiss enjoys a huge client base of more than 9 lakhs and has presence in more than 120+ cities of India.

Recently it acquired some of the notable companies like JP Morgan AMC (India), Anagram Capital and Forefront.

CriteriaRatings
Trading Platform8.92/10
Brokerage Charges8.94/10
Research & Advisory9.15/10
Product & Services9.25/10
Broking Experience9.17/10
Overall Ratings9.31/10
Star Ratings★★★★

6. Kotak Securities

Kotak_Securities-logo

Kotak Securities is established in 1994 and promoted by Kotak Mahindra Bank. The brokerage house is based out of Mumbai and has more than 1 million customer base.

They carry out more than 5 Lakh+ traders per day on stock exchanges. Since the demat account is from the bank, it is considered as 3 in 1 demat account.

CriteriaRatings
Trading Platform8.72/10
Brokerage Charges8.74/10
Research & Advisory9.02/10
Product & Services9.15/10
Broking Experience9.02/10
Overall Ratings9.27/10
Star Ratings★★★★

7. SBI Cap Securities

Sbicap-securities-logo

State bank of India is biggest bank of India and SBI Cap Securities is brokerage arm of SBI.

The brokerage firm provides wide variety of service to retail investors and traders. Again the demat account from SBI Cap securities is a 3 in 1 demat account linked to savings bank of SBI.

CriteriaRatings
Trading Platform8.62/10
Brokerage Charges8.84/10
Research & Advisory8.97/10
Product & Services8.95/10
Broking Experience8.74/10
Overall Ratings9.19/10
Star Ratings★★★★

8. Axis Direct

Axis-Direct-brokerage-logo

Axis Direct is subsidiary of Axis Bank. The brokerage unit was set up in year 2005.

They have more than 75 branches in India. The broker has the membership of NSE, BSE, MCX-SX and MSEI. They provide service in equities, derivatives, currency, mutual funds, bonds and ETFs.

CriteriaRatings
Trading Platform8.92/10
Brokerage Charges8.73/10
Research & Advisory8.68/10
Product & Services8.73/10
Broking Experience8.44/10
Overall Ratings9.11/10
Star Ratings★★★★

Top 10 Stock Brokers in India with Highest Active Clients

Active client is the one who has traded atleast once in last quarter.

Pointers for selecting Best Stock Broker In India

There are multiple stock brokers operating in India. How can you select the right share broker for you?. Here are some pointers that will help you in choosing the best stock broker in India who match your profile.

1. Registration with Exchanges & SEBI

A trustable stock broker in India should have register with regulators of our country. He should have registration with stock exchanges like NSE and BSE. Also he should be affiliated to SEBI

The broker should display the registration numbers on their website.

2. Experience

A good broker should have reasonable experience in the broking industry. Ideal 10+ years of experience is preferred. Also, during his existence he should posses good track record during all those years.

3. Brokerage Charges

Nowadays all investment transaction are charged Zero brokerage. So any best stock broker in India should not charge brokerage charges for delivery transactions.

If you are regular trader then high commission will affect your profitability in long run. So choose the stock broker who charge flat brokerage (fixed charges) instead of percentage on total traded value which will be huge.

4. Trading Platform

No point is compromising on quality of product over brokerage charges. Dont fall prey to brokers who lure based on cheap commission. There were many brokers who used to charge Rs5/trade who have gone bust simply because they could not sustain.

Only choose the best stock broker in India who have robust trading platforms and best trading app and charge reasonable charges like Rs20/trade

5. Customer Support

A best stock broker is known for his customer satisfaction. Look for the review of the brokers and testimonials regarding this.

Customer stay with the broker who provides them timely support, solve their issues. These customer if satisfied in turn refer their family and friends to the broker.

6. Education Initiatives

A reputed stock brokers in India should have some knowledge sharing initiatives. These may include webinars, articles, videos and e-courses etc.

Through these initiatives, it is evident that stock brokers is not only concerned about the profit but also customer education.

List of Top Share Brokers in India – Find Top Share Broker

ZerodhaUpstoxSAS Online
Axis DirectPaytm MoneyIndiabulls
Anand RathiAditya Birla MoneyVentura Securities
Alice BlueIDBI SecuritiesChoice Broking
Arihant CapitalKotak SecuritiesMaster Trust
Karvy OnlineGeojit FinanceSMC Global
Reliance SecuritiesNirmal BangCan Money
Standard Charted SecuritiesJM FinancialsSBI Cap Securities
GROWWSAMCOTradebulls
Yes SecuritiesReligareFYERS Securities

FAQs On Best Stock Broking Firms

Q) Which is the best discount broker of India?

Answer : Zerodha, thanks to its low and fixed brokerage structure , robust trading platform and good customers support, without doubt is the best discount broker of India.

Q) Which is the best full service broker of India?

Answer : Motilal Oswal is the best full service broker of India due to full fledged trading solutions and investment tools that help both beginners and experienced stock marker investors.

Q) Which stock broker has the lowest brokerage charges?

Answer : SAS Online, with Rs9/trade is the stock broker charging lowest brokerage charges in India.

Q) Which stock broker has best advisory and research reports?

Answer: Motilal Oswal has the proven record of best advisory and its research reports are considered to be of top quality.

Q) Which stock broker provides best products and services?

Answer : Zerodha tops the chart of best products and services with wide range of products such as KITE, COIN, Streak and small case to name a few.

Q) Which stock broker has the fastest trading platform?

Answer : Zerodha with its trading platform “KITE” has emerged as winner in best trading platform category with simple and minimalistic app.

Q) Which stock broker is most experienced and trustworthy?

Answer : Motilal Oswal is the most experienced and trustworthy broker with more than 2 decades of existence and branches all over India.

Q) Which stock broker provides maximum Leverage, exposure or margin?

Answer : Wisdom Capital provides maximum leverage as of now. But since SEBI has announced that going forward, brokers will not provide any margin, all brokers will be equal in this regard.

Источник: http://theindianstockbrokers.com/
*The Equity Delivery brokerage charges of 2.5% or up to Rs 20 per order only apply to customers onboarded on or after 21st September 2021

Get more with margins and flat brokerage

5x margins for Intraday/CO/OCO Orders. You pay ₹20 /trade* or 0.05% (whichever is lower) for Intraday trading in Stocks, F&O, Currencies & Commodities.

Brokerage calculatorMargin calculator

Intraday order margins CO/OCO order margins

5x

1x

  • Index Futures and Stock Futures
  • Index and Stock Option Sell
  • NSE Currency Futures
  • MCX Futures

5x

1x

  • Index Futures and Stock Futures
  • Index and Stock Option Sell
  • NSE Currency Futures
  • MCX Futures
Note: No Margin for Options buying

Detailed brokerage rates

Upstox Charges Equity Delivery Equity Intraday Equity Futures Equity Options

Brokerage

₹20 or 2.5% whichever is lower on Equity Delivery

₹20 per executed order or 0.05% (whichever is lower)

₹20 per executed order or 0.05% (whichever is lower)

Flat ₹20 per executed order.

STT/CTT

0.1% on both buy & sell. 

0.025% only on sell.

0.01% only on sell. 

0.05% only on sell. 

Transaction Charges

NSE: 0.00345% per trade on buy & sell. 

BSE: charges vary as per the scrip group 

NSE: 0.00345% per trade on buy & sell. 

BSE: charges vary as per the scrip group 

NSE: 

Exchange turnover charge: 0.0020%

Clearing charge: 0.0002%

NSE: 

Exchange turnover charge: 0.053%

Clearing charge: 0.005%

Demat transaction charges

₹18.5 per scrip per day only on sell. 

No charges

No charges

No charges

GST

18% (on brokerage + transaction + demat charges)

18% (on brokerage + transaction charges)

18% (on brokerage + transaction & clearing charges)

18% (on brokerage + transaction & clearing charges)

SEBI Charges

₹5/crore

₹5/crore

₹5/crore

₹5/crore

Upstox Charges Currency Futures Currency Options

Brokerage

₹20 per executed order or 0.05% (whichever is lower).

Flat ₹20 per executed order.

STT/CTT

No STT

No STT

Transaction Charges

NSE: 

Exchange turnover charge: 0.0009%

Clearing charge: 0.0004%

BSE:

Exchange turnover charge: 0.00022%

Clearing charge: 0.0004%

NSE:

Exchange turnover charge: 0.04%

Clearing charge: 0.025%

BSE:

Exchange turnover charge: 0.001%

Clearing charge: 0.025%

GST

18% ( on brokerage+transaction charges)

18% (on brokerage+transaction charges)

SEBI Charges

₹5/crore

₹5/crore

Upstox Charges Commodity Futures Commodity Options

Brokerage

₹20 per executed order or 0.05% (whichever is lower).

Flat ₹20 per executed order.

STT/CTT

0.01% on sell trade (Non-Agri)

0.05% on sell trade

Transaction Charges

Non-Agri: 

Exchange turnover charge: 0.0026%

Clearing charge: 0.0005%

Exchange turnover charge: 0

Clearing charge: 0.002% on buy + sell [₹200/crore]

GST

18% ( on brokerage+transaction charges)

18% (on brokerage+transaction charges)

SEBI Charges

₹5/crore

₹5/crore

View Stamp Charges (Brokerage Calculator)

Frequently Asked Questions

Do I have to pay for using the platforms?

No. You can check out the Upstox web & mobile platforms for free and open an account only when you’re ready to place a trade. There’s no fee to use the trading software.

What is the brokerage cost of trading in Futures and Options?

For Futures, you’ll be charged ₹20 or 0.05% (whichever is lower) per order. For Options, you’ll be charged a flat fee of ₹20 per order. Your maximum brokerage cost remains ₹20 per order irrespective of the size of the order.

What is the brokerage cost of investing in Stocks?

You will be charged brokerage of ₹20 per order or 2.5% whichever is lower for buying Stocks and selling them after a few days, weeks, or months. This is called an Equity Delivery orders.
*These charges will be applicable to all customers onboarded on or after 21st September, 2021.
For buying/selling Stocks on the same day, known as Equity Intraday orders, you will be charged brokerage of ₹20 per order or 0.05% (whichever is lower) for both buy and sell orders.

What are your square-off charges?

You will be charged auto square-off charges of ₹50 (Plus 18% GST) per order for open positions squared-off by RMS team at the usual intraday square-off times. To avoid auto square-off charges, you can square-off your positions yourself before the RMS square-off timings.

What are your Call N Trade charges?

You can call the Upstox Team and place your trades via phone for ₹50 + GST per order placed.

What are BTST orders?

BTST stands for Buy Today Sell Tomorrow. These are considered as Equity Delivery trades which means you pay zero brokerage on these orders.

What are your charges for Offers For Sales (OFS orders) and buy-back orders?

A flat ₹50/- will be charged for OFS (Offers For Sales) & buy-back/takeover orders.

View more FAQsView less FAQs
Источник: https://upstox.com/pricing/