Stock brokerage is a risky profession. It is all about numbers. Stockbrokers dabble is shares and are considered intermediaries that help a trader in buying and selling shares. They are registered under SEBI. The stock brokerage firms manage and guide you through the process.
There is absolutely no difference between a stockbroker or share broker. It is a competitive field and firms like Angel Broking provide sub-brokerage through a franchise system. There are many brokerage firms or individual share brokers but the best share broker in India is not tough to find. Some of the top share brokers in India(online discount brokerage) are:
Wisdom Capital is a leading brokerage firm that is known for its discount brokerage. Their plans are easy, sustainable and flexible. They are designed to target the trading needs online. They offer a variety of plans dealing in equities, currencies, derivatives, futures and options and commodities.
SAS Online offers Alpha Platform that is its specialisation. It is speedy and flexible. Some features of Alpha Platform are connectivity, advanced charting and market scanners and expert advisors. It is dynamic and very useful and delivers on most aspects. It offers hands-on online services that help the trader.
5 Paisa offers a variety of schemes like flat fee of Rs 10 per order, All-in-one account, Robo-advisory and Daily trading strategies. There are instant paperless trading and demat account. It uses one account to deal for stocks, mutual fund, insurance and advisory. It offers speed in trading and advanced mobile application. It also provides a real-time advisory through Robo-Advisory platform.
Zerodha uses the tag line ‘Stock broking meets technology’. It delivers what it promises. It has homegrown technology that is innovative to suit the trader’s needs. It provides absolutely free equity and direct mutual fund investments.
Some of the full-service brokerage firms are as follows:
ICICI Direct is a retail trading and investment service provider from the house of ICICI Securities. It offers an array of investment options and deals in online equity trading, derivatives trading and mutual funds. It has this 3-in-1 account scheme that serves as a Bank account, trading account and demat account.
HDFC Securities Limited functions under the umbrella of the parent company that is HDFC Bank. Some of its key features are easy transactions, speed and safety and security. HDFC Securities much like ICICI Direct offers a 3-in-1 account to its traders. It is of the most trusted platforms for trading.
Sharekhan is a pioneer in online retail broking and was one of the first firms to offer electronic trading. It is a subsidiary of BNP Paribas. Sharekhan has this section called Sharekhan MINI that is quite trader friendly.
Angel Broking is a Kolkata based company that has a dynamic online portal. It is a leading brokerage firm that offers services in stock broking, depository services, commodity trading and investment advisory. Wealth management solutions like personal loans and insurance are also offered by the company.
The brokerage firms mentioned are the topmost ones and have a respectable reputation.