Several good brokers in India offer low brokerage charges for trading in stocks and derivatives.
Discount Brokers:
Zerodha: With over 1 crore clients and a 15% market share, Zerodha is the largest and most popular discount broker in India. They offer free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They have a user-friendly platform and mobile app, making them a good choice for beginners and experienced traders.
5paisa: Another popular discount broker, 5paisa offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They also offer free mutual fund investments and access to research reports. Their mobile app is highly rated and offers advanced features for charting and analysis.
Upstox: Known for its simple and user-friendly interface, Upstox offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They also provide educational resources and webinars to help traders get started.
Samco: Offering a flat ₹20 per executed order across all segments, Samco is another good option for low-cost trading. They have a robust trading platform with advanced features and also offer algorithmic trading options.
Angel One: Another established discount broker, Angel One offers free equity delivery trades and a flat ₹20 per executed order for intraday, F&O, and other segments. They have a strong research team and provide personalized recommendations.
Full-Service Brokers:
ICICI Direct: One of the largest full-service brokers in India, ICICI Direct offers a comprehensive range of services, including research reports, investment advice, and portfolio management. They charge a fixed fee or a percentage of the trade value, depending on the plan chosen.
Kotak Securities: Another popular full-service broker, Kotak Securities offers a wealth management platform with access to various investment products. They charge a brokerage fee based on the trade value and provide personalized investment advice.
HDFC Securities: Known for its strong research and investment recommendations, HDFC Securities offers a range of services, including portfolio management and margin trading. They charge a fixed fee or a percentage of the trade value, depending on the chosen plan.
Additional factors to consider:
Trading platform: Choose a broker with a user-friendly and stable trading platform that provides the features you need.
Research and support: If you are a new trader, look for a broker that offers good research reports and educational resources.
Customer service: Choose a broker with responsive and helpful customer service.
Account opening and maintenance fees: Compare the account opening and maintenance fees charged by different brokers.
