Top 10 Best Stock Brokers in India to Follow in 2020

It is always exceedingly difficult and cumbersome to choose the right investment mechanism to grow our money. Here are some Top 10 best stock brokers in India.

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best stock brokers in India
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The Indian stock market is a vast and vivid market with a wide range of products. It is always exceedingly difficult and cumbersome to choose the right investment mechanism to grow our money. But once we have chosen an investment option it is even tougher to choose the right broker or mediator to make the investment. Here are some of the best stock brokers in India.

Choosing a right broker means giving your money to that broker & depending on that broker for making the best decision to grow your hard-earned money. It seems to be an extremely tough decision to make and identify the best stock brokers in India. There are a bunch of Investment bankers & Research Analysts who study very closely about these broking houses on a daily basis & try to find the most suitable stock broking house for the common man. Let us discuss some Top 10 best stock brokers in India.


1. Sharekhan

Sharekhan is one of the best stock brokers in India with a vast experience of about 16 years.  It one of the pioneers of online trading in India. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, ESOP financing, IPO financing, and wealth management.

2. ICICI Direct

It is one of the pioneers of online trading in India. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, loan against shares, ESOP financing, IPO financing, and wealth management.com is ICICI Securities online trading platform, which was launched in the year 2000.Through its online trading platform and 200 offline branches.

3. Wisdom Capital

Wisdom Capital aims to emerge as a leading discount stock brokerage firm offering robust client-centric technology-enabled trading/investment solutions for efficient and quick transactions while creating a market aware environment.


4. HDFC securities Limited

It is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. It is one of the leading stock broking companies in India and has completed 19 years of operation.

5. IIFL Holdings Limited

IIFL and India Infoline is an Indian diversified financial services company headquartered in Mumbai. The organization was founded by Nirmal Jain.

6. Motilal Oswal Financial Services Ltd. (MOFSL)

It is well-diversified financial services firm offering a range of financial products and services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, and Home Finance. It is one of the best stock brokers in India. They have a diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients. We are headquartered in Mumbai and as of March 2020, had a network spread over 550 cities and towns comprising more than 2500 Business Locations operated by our Business Partners and us and more than 14,00,000 customers.


7. Zerodha

The organization kick-started operations on the 15th of August 2010 with the goal of breaking all barriers that traders and investors face in India in terms of cost, support, and technology. Today, the disruptive pricing models and in-house technology have made us one of the best stock brokers in India in terms of active retail Over 3+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.

8. Angel Broking

The Company is one of the well-known independent full-service retail broking houses in India in terms of active clients on NSE as of 2018-19. They are a technology-led financial services company, that provides broking and advisory services, margin funding, loans against shares (through one of Subsidiary, Angel Fin cap Private Limited), and financial product distribution to clients under the brand “Angel Broking”. Their broking services are offered through (i) our online and digital platforms and (ii) network of more than 11,000 sub-brokers, as of June 30, 2018. It has more than 850,000 downloads of our Angel Broking mobile app and more than 450,000 downloads of Angel BEE app, which enables our clients to avail of the services digitally. Through their network of sub-brokers and over 110 branches, they can maintain a pan-India presence in over 1,800 cities and towns as of June 30, 2018. As of June 30, 2018, the Company managed Rs. 113.02 billion in client assets and over 1.11 million active broking accounts.


9. Paisa Capital Ltd

Paisa Capital Ltd. is a discount broking company based in India. 5paisa is a member of NSE, BSE, MCX, MCX-SX that provides retail broking, currencies and commodities trading, mutual funds, IPO, and bonds. It began its operations in 2016 as a subsidiary of IIFL Holdings Ltd, a non-banking financial institution in India. They strongly focus on technology to empower our customers with the best platforms to manage all their investments with ease!

10. Kotak Securities

Kotak Securities has known for its unorthodox approach to embracing modern technologies and ideas over the past few years. In short, they have proven worthy to be called a well know and well-respected full-service brokerage firm. Nevertheless, in today’s article, we will dig deep into Kotak Securities Review & their ways of operation and the convenience of using their respective products, services, offers, customer support, research, and advisory and most importantly all the platforms they offer to their respective clients for the purpose of remote trading.

Final Verdicts

These days, one and all stock brokers will argue that they are trustworthy as they are registered with SEBI. However, just because they are registered with SEBI does not make them reliable for the long term. Time and again, a lot of such small brokers are either expelled out of the exchange or simply go out of the business and files bankrupt. And this leads to a lot of trouble for their current clients. It is very difficult to identify which are the best stock brokers in India.

Therefore, a safer option for the customers to avoid any such kind of inconvenience is by opening their trading account with the biggest stockbrokers in the Industry. Hence here is a list of Top 10 best stock brokers in India.

Related: Is Amazon Stock A Buy Right Now? Here’s What Earnings Charts Show


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