• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Top 10 full-Service Brokers in India 2020, Best Full Service Brokers in India

Traditional “full-service” brokers do more than just facilitate the buying and selling of a stock or bond. These brokers tend to offer a wide array of services and products, including financial and retirement planning, advisory and trading facilities in stocks, commodities, and currencies, investing and tax advice and regular portfolio updates. Full-service brokers generally have lot of offices and branches across the country, where clients can visit in case of any help required.

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A full-service broker is good for following investors/traders:

  • A beginner investors need to have their hand held by some in initial days of trading.
  • Traders who are looking for higher margin or margin funding. A trader can get significantly higher margin based on his personal relationship with the broker or sub-broker.
  • Traders planning to use Call & Trade a lot or visit the branch in person. Most discount brokers charge extra for call & trade and do not have local branches.
  • Investors looking for a verity of financial products for investment through the broker i.e. Mutual Funds, IPO, Debt, Insurance, FD etc.

Comparison between Full-Service Brokers v/s Discount Brokers:

Factors Full-Service Brokers Discount Brokers

Service

Advisory for shares, mutual funds, bonds, currencies, commodities etc

Provides trading platform

Brokerage

Average daily brokerage is 0.3%-0.5% per trade

Charge as low as Rs 10/trade, irrespective of the order value

Presence

Operates through a number of branches

Normally do not have much branches and provide online services

Suitable For

An investor and Trader who is new to the stock market and seek hand-holding along with trading tools.

For an Investor/Trader who is well versed with Stock market and can carry out own research

Deciding Parameters

a) Brokerage & Other Charges
b) Research Desk
c) Customer Service
d) Leverages Funding

a) Brokerage
b) Cost of Transaction
c) Customer Support
d) Call & Trade Facility

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Top 10 Full Service brokers in India 2020.

Rank Full-Share Broker Active Clients 2020 Active Clients 2019 % Growth
1 ICICI Direct 1075956 878884 22%
2 HDFC SECURITIES 720150 650114 11%
3 ANGEL BROKING 576414 426716 35%
4 KOTAK SECURITIES 571806 443461 29%
5 SHAREKHAN 549778 504796 9%
6 MOTILAL OSWAL 377123 326011 16%
7 AXIS Direct 270462 389512 -31%
8 SBICAP 249924 210892 18.5%
9 KARVY 243256 265798 -8%
10 IIFL 218877 203702 7%