While commencing our trading and investing journey, we all envision to make good profits. One of the excellent ways of doing so is by using the services of online stock brokers. But, with an increasing number of online stock brokers, the choice is huge and gets further complicated.
Every brokerage house today is trying to differentiate itself from its competitors based on multiple parameters such as brokerage rates, trading platform, quality of service, trading products offered, offline support and more. In order to make the right choice, you need to be sure of what you want from your broker. Once you identify your requirements, you can narrow down your choices and the decision will become easy.
To help you make the right decision, here is a list of the best online stock brokers for beginners in India.
BestOnline Stock Brokers in India
Kotak Securities is the best platform to open a demat account or indulge in intraday trading. Kotak Securities is known for giving the premium services to its clients at affordable rates. Their in-house experts assist the intraday traders by giving recommendations and daily tips. The long term investors get access to unlimited research reports which is helpful in building a healthy portfolio. There are many other benefits of demat account by Kotak Securities. Their mobile application is also seamless and very easy to use. Free Intraday Trading (FIT) account by Kotak Securities is very popular among the day traders. To open FIT or demat account with them, you just need to contact their customer representatives.
Sharekhan is another credible stock broking firm. They have a wide customer base and offices across the country. Sharekhan offers the customers to trade in the Indian financial market through Online Trading Academy (OTA). To start E-Trading with Sharekhan, you need to open a demat or trading account with them.
Zerodha is a popular online trading platform in India. The low brokerage and efficient customer support system make it one of the prominent stock brokers. Just like other stock brokers,Zerodha offers trading facility in equity, futures & options, commodity, currency, etc. Zerodha offers demat services as a DP of CDSL. With Zerodha you can also invest in mutual funds.
India Infoline (IIFL)
India Infoline has a diversified business model and broking service is one part of it. IIFL is known for providing unique services to the clientslike Equity Systematic Investment Plan (Equity SIP) and more. IIFL also provides research reports, portfolio analysis, branch support and many other services to their customers. It has a good network of offices across the country.
ICICI Direct is a retail trading and investment platform from ICICI Securities. It has a good customer base. The advisory and research services of ICICI Direct makes it popular among the traders and investors. With ICICI Direct you can invest in multiple financial instruments. It has a wide network of offices in India where you can contact and understand the various account facilities offered by them.
The above-mentioned are best online stock brokers for beginners in India. All of them offer great services especially Kotak Securities.