Investing in stocks is one of the best ways to build long-term wealth and take the benefit of the power of compounding. Moreover, in 2023, buying and selling of stocks couldn’t be more easier, thanks to the rise of online stock brokers. But which stock broker is best for you? It depends on various factors like what is your investing or trading style, what type of investor you are and what features/services are you looking for.
Trade Brains has analyzed the major stock brokers in India to find the best ones for you based on different factors like ease of platform, brokerage charges, maintenance charges, add-ons, and more. Here are the top picks for the best online stockbrokers for stock trading in India in September 2023.
List of the best Online Stockbrokers for Stock trading in India in September 2023:
Zerodha is the largest online stockbroker in India with over 1+ Crore clients that contribute to over 15% of all retail order volumes in India daily by trading and investing. They offer broking services in stocks, futures, options, commodities, currencies, and mutual funds.
Here are some of the salient features of Zerodha stock broker:
- The brokerage charge for long-term delivery trades is Zero.
- For Intraday trading, Zerodha charges 0.03% or Rs 20 per executed trade (whichever is less). For options trading, the brokerage charge is flat Rs 20 per executed order.
- Mutual fund investments offer ZERO Brokerage on Zerodha
- Zerodha users also get access to other partner platforms like Sensibull, Streak, Smallcase, etc.
- It offers free education through its Zerodha Varsity platform.
You can open your demat account with Zerodha here!
Angel One is a full-service broker that offers discount broking facilities. It has an industry experience of over 25 years with a 1+ Crore client base. Angel Broking offers its services in Stocks, Intraday Trading, derivative trading, mutual funds, advisory services, and more.
Here are some of the salient features of Angel One stock broker:
- +25 Years of trust and +1 Crore clients
- Zero brokerage on On Equity Delivery trades.
- Rs 20 Per Order For Intraday F&O, Currencies & Commodities
- Rs 0 interest on On Margin Trade Funding for 30 Days
- The account opening charge with Angel One is ‘zero’.
You can open your demat account with Angel One here!
Alice Blue was established in December 2006 in Erode, Tamil Nadu, with only five employees and an MCX membership. Alice Blue commenced operations in 2007 as a discount broker, with all activities running from Chennai. In 2017, the company’s headquarters were relocated to Bangalore.
Alice Blue grew from a team of 5 to a staff of around 400 employees, 12000 partners, and about 5 lakh clients with a Pan-India presence in 20 major cities.
Alice Blue is a long-standing member of several exchanges, including the MCX, NSE, NCDEX, MCX-SX, BSE, and CDSL.
The Freedom 15 Brokerage Plan by Alice Blue was designed to create a competitive pricing structure in the Indian Stock Broking Industry. Alice Blue charges ₹15 for Intraday and F&O Trading along with FREE Equity, IPO, and Mutual Funds Investments. They also don’t levy clearing member charges.
You can save more than ₹13200 annually with Alice Blue’s Freedom 15 Brokerage Plan.
Key Features of Alice Blue:
- Zero Hassles: No account opening charges. Zero brokerage on equity delivery & mutual funds. Free IPO investment.
- Affordable Trading: Just ₹15/order across NSE, BSE & MCX. Save more than ₹ 13200 every year.
- Advanced Tools: Free API.
- Nationwide Support: Pan India multilingual branch support.
- Versatile Trading: Trade in any segment with a single margin.
- Share Pledge: Pledge shares without POA for a seamless experience.
- Maximize Your Profits: Benefit from 4x margin on CNC orders & 5x on intraday orders
Alice Blue Trading Platforms: ANT Mobi 2.0 (Mobile App), ANT Web (Web Trading Platform)
ANT Mobi 2.0 Features:
- Personalized Dashboard: Customize to fit your preferences.
- Advanced Analytics: Stock and options screeners to help you make informed decisions.
- Deeper Market Insights: Dive deep into market depth & get more insights.
- Effortless Investing: Introducing Basket Orders & sector-wise predefined baskets.
- Simplified Options Search: Find contracts in seconds.
- Technical Analysis: Boosted with 100+ indicators.
- Stay Updated: In-app news keeps you informed.
- Speedy Transactions: Superfast funds payin & payout.
- Secure Access: Fingerprint login for enhanced security.
- Strategic Insights: Predefined support & resistance levels for any stock.
- Trade On-The-Go: Direct trading from option chain & inbuilt stock fundamentals.
ANT Web Features:
- Trade From Charts: Save every second! Execute trades directly from charts for efficient trading.
- Position Analytics: Get in-depth analysis of potential profits and losses for Every FNO Trade.
- Futures & Options Strategy Builder: Pre-built, Customizable Futures & Options Strategy Builder Completely Free!
- Multiple Charts: View and analyze multiple stocks simultaneously with the convenience of multi-chart display.
- Multi-Functional Option Chain: Option Greeks, Trade from Option Chain, Option vs OI – ALL IN ONE PLACE
Dhan is India’s fastest-growing technology and product-led stock-broking platform. It claims to offer lightning-fast investing and trading services.
Here are some of the salient features of Dhan:
- Zero Demat Account Opening Fees
- Zero Annual Maintenance charges
- Zero Platform Fees
- Zero Brokerage for Delivery Trades
- Rs 20 per order for Intraday Trades
Kotak Securities Ltd is a subsidiary of Kotak Mahindra Bank that offers full-service stock broking and advisory services and has a presence in 360+ cities, +25 years of experience, and +3.5 million customers.
Kotak Securities’ Trade FREE plan offers the following salient features:
- Zero brokerage for intraday trades across all segments – Equity (Cash), Equity Derivatives (F&O), Currency, and Commodity.
- The flat brokerage of Rs 20 per executed order for carry forward Futures & Options position and 0.25% of the transaction value for the Cash segment position.
- New customer during account opening needs to pay a one-time subscription fee of Rs.99+GST.
- It also offers a Trade Free Youth plan for investors under 30 years of age with zero brokerage on all trades
5Paisa is a part of IIFL (India Infoline) and offers a discount stock brokerage in India and has 33+ lakh clients. It offers services in equity, currency, commodity, mutual funds, and Insurance.
Here are some of the salient features of 5Paisa:
- Rs 20 brokerage for all trades
- Rs 10 brokerage per trade for super saver pack
- Zero commission on mutual funds
Also find out the complete list of best stockbrokers in India here.
Apart from these, a few other best online stockbrokers to watch out for stock trading in India are Groww, Upstox, Fyers, and ICICI securities. Traders and investors are suggested to pick their stockbroker based on their trading style and preferences.
