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How to find the Best Stock Brokers in India

If you are looking to start investing your hard earned rupees into the stock market, you are going to need to get a broking account. Many people think that all brokers are the same, and that there is no difference between two brokers. That is a misconception.

 

When you are looking to get into the stock market, and start trading, and make profits, not losses on your investments, you need to have a good broker who knows their stuff well. Finding the right broker is not an easy task. You need to make a list of the things that you are expecting from your broker in-order to be able to find the best stock broker in India for you easily.

 

In this article, we will talk about the different types of brokers present in the market, and how to judge them based on certain criteria.

 

There are basically two types of stock market brokers – Full service and discount.

 

stock broker serviceFull service brokers offer services matching their name sake. They offer end to end solutions for your stock broking needs. They help you open a demat account, give you optimised research and information regarding purchase of shares and investments, as well as help you out with tax planning and retirement planning services. Amongst these type of brokers, bank subsidiaries are mostly common with the salaried crowd, as they open up three in one accounts at the start of their employment with a partner company, consisting of a salary savings account, a demat account and a trading account.

 

In terms of active clients and returns, the best stock broker in India is Zerodha which has the largest number of active clients as on January 2019, and have a great research team which delivers great insights which help clients get more returns on their investments. They offer the best demat account in India which can be easily managed by users by logging into a dedicated website with a dashboard feature to track investments. With the tight integration between the 3 in 1 accounts, money earned from trading is immediately available in the savings account and can be withdrawn easily.

 

The big players in this market are ICICI Securities, HDFC Securities, and Kotak Securities.

 

Whereas other full service brokers offer all of the other facilities that the bank subsidiaries provide, they do not offer a savings account. These include brokerage firms like Angel Securities, Sharekhan , Anandrathi and so forth.You can get more info here.

 

Discount brokers offer no-frills accounts, with just the bare basics required for you to trade. This option is not preferable if you are a newbie to stocks, because you will miss out on the valuable insight and analysis that full service brokerage firms offer with their packages. Your money is as safe with discount brokers as it is with full service brokers, but you will be mostly on your own when it comes to investing and growing your money, which is great if you are an experienced pro and don’t need people watching your back. The discount players are companies like Zerodha, Smart Trade Online and so forth.

 

 

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