Stocks are financial assets consisting of shares in which you own a partnership of the company whose stock you purchase.
Features
A stockbroker is a financial professional serving as an intermediary who buys and sells stocks at the direction of the clients for a nominal fee or at no extra cost.
In order to start investing in stocks or other financial products you need to register a demat account preferably online with a stock broker of your choice. In India there are a number of stock brokers each with different features within and varied charges but with a sole purpose of buying and selling financial products.
Some of the most popular stock brokers in India are:
1. Zerodha
Zerodha is the largest stock broker in India which provides an online platform to invest in stocks, mutual funds, derivatives and more.
Features
• Flagship trading platform
• Valuable Insights
• Free and open market education
Flagship trading platform
The ultra fast flagship trading platform KITE offers seamless experience. The streaming market , advanced charts, an elegant UI and more features supports the rich experience of the platform.
Valuable Insights
Zerodha provides a central dashboard also known as console for a demat account. In the dashboard you can get in-depth reports and visualisation enabling you to gain valuable insights on your investment.
Free and open market education
The world's largest online stock market education resource, Varsity by Zerodha, covers everything from the fundamentals to advanced trading.
The resources at your disposal could provide you with insightful guidance and set you in the right direction to make wise stock selection decisions, as you set out on your journey to grow your wealth in the stock market.
Clients
9+ million clients contribute to over 15% of all retail order volumes in India daily by trading and investing in this platform.
Pricing
Zerodha has a zero account opening fee with zero account maintenance charge until beginning of next financial year.
Investments in equities are free and flat Rs. 20 is charged for intraday and F & O trades.
Open your account in Zerodha now.
2. Upstok
Upstok is yet another stock broker in India offering same set of services as other stocks trading platforms.
It is backed by marquee investors like Mr. Ratan Tata & Tiger Global Management
Features
• Quick onboarding
• Easy Accessibility
• Smooth orders
• Informed Decisions
Quick onboarding
Secure onboarding process. Set up a Demat account with just PAN, Aadhaar and eKYC.
Easy Accessibility
Login with biometrics or mobile number and buy/sell stocks from our web, Android or iOS platforms in one click.
Smooth Orders
With just a toggle switch, switch between intraday or delivery orders. Enjoy GTT and AMO on Stocks and F&O orders.
Informed Decisions
Search stocks easily using smart lists and smart filters. Get latest news, analyse charts and find in-depth company information to make informed decisions.
Clients
With a turnover of over 60k crore+, Upstok has over 1 crore+ investors. As a marketing tactic, becoming an official partner of TATA IPL which continues to draw in a lot of investors.
Pricing
Upstok has a zero account opening fee with zero account maintenance charge and zero commissions on investing in mutual funds and IPO's.
While it charges a flat Rs. 20 brokerage on equity, F&O, Commodity and Currency orders.
Open your account in Upstok now.
3. Angel One
Angel One offers an online trading platform where you can invest, trade and grow your wealth via Stocks, USstocks, IPO, Mutual Funds, Commodities, Futures and Options.
Features
• Instant Account Opening
• Robust & Secure Platforms
• 25 Years of Trust
• Seamless Digital Platform
Clients
10 Million+ clients are registered in Angel One with 18K+ authorised persons.
Pricing
Angle One offers zero account opening charges, zero brokerage on equity delivery trades for lifetime, zero margin trade funding for 30 days and flat Rs.20 on intraday, F&O, Commodities and Currencies.
4. ICICI Direct
ICICI Direct provides 3-in-1 online trading account which gives you the convenience of opening a online trading, demat & bank account.
Features
• Seamless Trading
• Security
• Control
• Tracking and Review
Seamless Trading
Without having to deal with the burden of keeping track of settlement cycles, writing checks, and transfer instructions, you can trade shares (in intraday trading or delivery) without a single problem.
Security
When you trade with ICICIdirect.com, you can maintain your own demat and bank accounts rather than moving money to a broker's pool or toward deposits. You have the choice to only pay when you trade thanks to it.
Control
You may relax knowing that your order will be carried out exactly as you requested, with no deviations, providing you complete control over your funds and trades.
Tracking and Review
As vital as making the actual investment is, monitoring it is even more crucial. You can always stay informed about the status of your investments with us thanks to our portfolio tracker, watchlist, and SMS alerts. You can then take the appropriate action as needed.
Clients
With more than 170 outlets across India, ICICIdirect is the one of the largest retail broker and financial product distributor in the nation, trusted by more than 50 lac consumers and operating for more than 20 years.
Pricing
Account opening fees for trading accounts depend on the scheme chosen by the user, for demat accounts (BSDA / REGULAR) and for savings accounts is 5000. The account opening fee varies from 0 to ₹975 rupees.
For the first year, there are no AMCs (Annual Maintenance Charges) for Demat Accounts. However, starting in the second year, there is a fee of Rs. 700 (taxes excluded). However, there is no AMC charged for holding value up to Rs. 50000 if the demat account is under BSDA.
The futures trading charges is zero whereas in options & intraday trading and commodity & currency derivative flat Rs. 20 is charged.
Open your account in ICICI Direct now.
You might also wish to look into some of the other popular stock brokers like Grow, 5paisa, Motilal Oswal and Paytm Money.
CONCLUSION
Every wants to to grow their wealth. But still today most of the people think that investing in stocks is too much of a risk and others also considers it as a form of gambling. This rumour has spread and people refrain from investing in stocks.
But what people do not know are the actual facts and benefits of investing in stocks. With proper research & analysis in stocks you can grow your wealth and reap it benefits out large. Also some of the wealthiest people of India are because of their thoughtful and planned investing in stock market.
Investing in stocks also helps the company to scale their business which inturn helps in developing the economy of our country.
There are many other benefits of investing in stocks both for an individual as well as the company they are investing. Learning the basics of stocks and fundamental analysis may go a long way in helping you choose the right stock which inturn may help you to grow your wealth and make you rich.
Have you invested in stock market yet?
If yes then which stock broker have you opted, leave your answers in the comment section ?
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