Which stock broker gives best service with less brokerage?
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Both Zerodha and Alice Blue are best at brokerage and user interface.
If the brokerage charges are concerned, few brokers are offering free service for a limited period. But among the top brokers, Zerodha seems to be the best.
The brokerage charges at Zerodha for intraday is Rs. 20 or 0.03% whichever is lower.
Personally I am using both Zerodha and Upstox, I feel Zerodha is good at brokerage and also user friendly site.
If you are a beginner, you can also try other upcoming brokers who are offering free brokerage for 6 months or 1 year.
Best Stock Brokers for Intraday Trading
When it comes to intraday trading choosing discount broker is advisable, since the no. of trades executed in a day is high.
We should also consider the factors like speed, reliability, brokerage fees, research tools, and ease of use.
The below discount brokers offer low brokerage charges & also good user experience.
1. Zerodha:
Zerodha is a best choice for intraday traders due to its low brokerage fees and also user-friendly platform.
It offers a wide range of technical analysis tools and a user friendly mobile app, it is easy for traders to execute quick trades in Zerodha. It also gives an option for placing bucket orders.
Zerodha is offering Rs. 20/- or 0.03% per trade (whichever is lower)
Calculate Brokerage Charges Here
2. Upstox:
The second best discount broker is Upstox. Upstox is known for its high-speed order execution and also for low brokerage charges.
It provides a technically-rich platform with technical indicators and other essential tools. The Upstox’s mobile app is user-friendly and suitable for intraday traders.
3. 5Paisa:
5paisa is also offering low-cost brokerage and it has user-friendly mobile app. It offers a fast trading platform with essential technical analysis tools for intraday traders.
The above three are the best platforms for intraday traders.
As a intraday trader, you should also consider the following factors before choosing the stock broker.
Brokerage Charges: Look for brokers offering low brokerage charges or flat fee structures for intraday trading. Lower brokerage means you can save a lot from charges.
Speed and Technology: Ensure the broker’s website/ app is fast and efficient for quick order execution. A lag-free experience is very important for intraday trading.
Research Tools: Check if the broker provides technical analysis tools, real-time market data, and research reports to get intraday trading decisions easier.
Customer Support: Reliable customer support is essential in case of any trading issues or queries. Choose a broker with a responsive and helpful support team.