As a beginner’s everyone is looking for Best Stock Broker to Invest in the stock market. Whenever someone asks me which is the best stock broker for beginners in India. My answer may come as a surprise to you but it’s true.
Stockbroker’s main concern is to generate revenue either by brokerage generation or by providing other financial products & services from the client. Even they are not bothered or excited whenever we earn profit or lose money because it’s doesn’t matter to them ultimately brokerage revenue will come to their hands.
If you will check whichever stockbroker was the best stockbroker in the year 2010 may not be the best broker nowadays, so make sure that you are getting the latest information article. Even sometimes different people have different investment prospect so it depends upon person to person.
By the end of this article, I hope to impart the reader with a good overview of Best stock broker India & the service they offerings and where they stand, what they do right and what could be better.
For the beginner, I always prioritize basic financial education of the stock market to be the most important aspect to focus on. Saving money on stock trading won’t do you any good if you can’t learn the basics of how to trade stocks online.
Zerodha holds top position while we talk about stock broker for beginners as they provide the free educational resource. Zerodha Varsity is free of cost educational initiative by Zerodha for its clients & all others. They are a technology-based start-up they have a very simple User Interface Trading Platform named as Kite which is very easy for beginners to get started into the stock market.
Upstox, which is the best broker after zerodha as Zerodha provide far better educational resource then Upstox. Upstox recently becomes a true competitor of Zerodha as they have the same pricing (Brokerage). Upstox also offers Invite & Earn program to lure new customer base.
Edelweiss furnishes the needs of traders – both novices and veterans alike with almost 25 years in the industry as Full-service broker, they’re one of the leading diversified financial services conglomerates.
They have recently launched discount brokering plan so that is the reason for re-rating. They Charge very less brokerage only 10 rs per order. They also provide Dedicated Relationship Managers and dealers market research and analysis provisions in the brokerage industry of India, featuring both fundamental and technical calls. In a real sense, they are worth every penny as they provide many services at very low cost.
Edelweiss Broking Limited is a SEBI registered financial services company offering stock trading services since 2008. It offers its services online as well as through its 475 offices located across 200 locations.
ICICI direct is the top option in full-service brokerage space as they are one of the leading stockbrokers after zerodha in terms of client ways and also volume but what takes that them back from the competition is only their higher brokerage charges.
Literally, if there are two brokers and their main business is to execute orders into exchanges from your end & one is charging very high brokerage and another one is charging very low brokerage so which one will you choose. By the end of the day both brokers are doing the same job so why should you need to pay more.
Icici direct is full service broker with Integrated 3-in-1 trading platform & allow Share trading in both NSE and BSE offering services as Margin, MarginPlus, Research & Advisory, IPOs. Derivatives trading, NRI trading, mutual funds & much more.
ICICI direct has everything whatever the retail investor needs but their brokerage charges take them back into top stock broking race.
Sharekhan is one of the oldest and very well known stock brokerage firms in India and also worldwide presence. They are not the only stockbrokers they provide almost all the financial services through their platform. Sharekhan is mostly like a full-service broker so comparatively they have also comparatively higher brokerage slab & other charges.
Most of the people who join them reported that they are not satisfied by their customer support and also trading tips. Their trading Platform trade tiger is ultimate. Truly, it’s for Pro Trader, who wants to level up their trading experience.
Stoxkart is the youngest discount broker launched in 2019 based out of New Delhi, India. It’s powered by SMC Global which is a full-service broker giant. SMC Global Securities Limited operates as a financial service company which is a full-service broker as the competition was heating up so they launched their Discount broker with the new concept of “Pay only when you earn profit”.
Stoxkart only charges Rs. 15 per trade maximum & charge brokerage only when you earn profit in the trade. If you lose in any trade they will not charge brokerage so if you are beginners there might be chances that you may end up few trades on the wrong side so this way you minimize the burden of Brokerage after the loss.
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