Who are the best discount brokers in India 2022?
Sign Up to our stock-market-based Q&A Platform to ask questions, answer people’s questions, and connect with other people.
Login to IndianStox.com (Q&A Engine) to ask questions, answer people's questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Top 5 Discount Brokers in India 2022:
Here are the top 5 brokers in India based on their brokerage charges and customer service.
1. Zerodha:
In the Indian Stock Broking Markets, Zerodha is rated as 3rd largest stockbroker and is valued to be the best discount broker for its brokerage services.
Zerodha characterizes low brokerage charges, extensive research, and conducts 100 percent web-based broker.
Its presence in the brokerage market proves to be the largest discount broker.
The strengths of the company are
Known to have introduced the concept of discount broking in 2010, and its unmatched performance, Zerodha is the best trading platform in India.
Open Demat Account on Zerodha
2. Upstox:
UPstox gained greater recognition in the arena of discount broking. One can be sought for its cutting-edge tools to free trade options, and provides value-oriented education on share markets.
The company is often referred to for its free brokerage services to its customers.
These services are
Interestingly, the brokerage company provides a huge discount on its services to their investors. In just @Rs. 20 per order, an investor can trade on commodities, currency derivatives.
Open Account on Upstox
3. 5Paisa
Way back, on January 01, 2021, the company made an announcement on the maintenance charges collected from the investors.
It said, no maintenance fee shall be collected from investors on their Demat accounts (AMC). However, the company made it a zero account maintenance charge.
4. Alice Blue
Established in 2006, Alice Blue is a Bangalore-based discount stock broker that has gained momentum in the stock markets.
The company is spread over 17 cities across India and it does attain 1000+ partners across the nation.
At all branches, an investor can opt for personalized broker service to customers. The company is a member of CDSL and they have the authority to provide depository service (Demat account).
Freedom 15 is a flat-free brokerage plan that helps investors to spend at low cost while trading across BSE, NSE, MCX. In this plan, an investor is provided with a benefit, there will be brokerages free equity delivery trades.
The plan attracts a brokerage charge of INR 15.00 per order or 0.01 percent whichever is lower.
5. Angel Broking
Angel Broking began its operations in the capacity of a stockbroker in 1987 and since then its expert advisory services have outperformed their competitors in stock brokerage markets.
The company incorporates advanced technologies and customer-centric trading platforms. CDSL has authorized Angel Broking to act as a Depository Participant.
With its long-term outstanding performances, the Angel group is recognized to be an official member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and two commodity exchanges namely NCDEX, and MCX.