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

Best Full Service Brokers in India

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.

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

  • Beginner investors need to have their hands held by some in the initial days of trading.
  • Traders who are looking for higher margin or margin funding. A trader can get a 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 variety 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 many 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 the Stock market and can carry out their 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

Top 10 Full-Service brokers in India 2022, Best Full-Service Stockbrokers in India

Rank Share Broker Active Clients 2022 Active Clients 2021 % Growth
1 ICICI Direct 3135167 2752864 13.9%
2 KOTAK SECURITIES 1290410 1108340 16.4%
3 HDFC SECURITIES 1156837 1056565 9.5%
4 IIFL 1139902 889367 28.2%
5 MOTILAL OSWAL 915264 788629 16.1%
6 SHAREKHAN 757371 764651 -1%
7 SBICAP 643626 462752 39.1%
8 AXIS Direct 417958 402765 3.8%
9 Choice Broking 268212 157231 70.6%
10 GEOJIT 236567 233999 1.1%

User Reviews

Post New Message
0  Comments