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

Best Brokers by Investment offering

Full-service share brokers offer many more services to investors than discount share brokers do, but these services don't come for free.

This full-service broker offers host of services to their clients which includes Advisory Services, Research, Portfolio Management, Portfolio Tracker, Wealth Management, NRI Services, Systematic Investment plans(SIP), top picks by Research Service, Classroom training, seminars and workshop for investors, IPO Funding, distribution of third party products like Life Insurance, Mutual Funds & Personal Loans etc.

  • 1. Sharekhan : Key Services offered are :
    • Portfolio Management Services(PMS), Portfolio Tracker, Advisory Services, SMS Alert, Voice Updates, Systematic Investment plans(SIP), top picks by Research Service.
    • Classroom training, seminars and workshop for investors.
  • 2.Angel Broking : Key Services offered are :
    • Portfolio Management Services, NRI Services, Demat services,Loan Against Shares, IPO Funding, distribution of third party products like Life Insurance, Mutual Funds & Personal Loans.
    • Investment Advisory, Intraday trading calls, ARQ, Fundamental and Technical Research Service.
  • 3.ICICI Direct: Key Services offered are :
    • Advisory Service, Research, Portfolio Tracker, Wealth Management, GTC Order, NRI Services, Watch-list, SMS Alerts and knowledge camps/training.
    • Innovative offerings like - Margin, Margin Plus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
  • 4.Kotak Securities: Key Services offered are :
    • Portfolio Management Services, Advisory Services, Research Service, Demat Services, NRI Services, Market Data, SMS Alert, Auto-Invest or SIP, Portfolio tracker, training.
    • Margin against shares, cash margin,trade smart, BNST, super multiple etc.
  • 5.Motilal Oswal: Key Services offered are :
    • Loans, Investment banking, wealth management, life and general insurance, fixed income, IPOs, Mutual fund, Bonds, NCDs.
    • Portfolio Management Services(PMS), Portfolio Tracker, Advisory Services, SMS Alert, Voice Updates, Systematic Investment plans(SIP), top picks by Research Service.
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
About The Brokers
 "Sharekhan 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"
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"Angel Broking is a renowned name in share brokerage Industry with over 10 lakh customer base, powerful online trading tools, Research based investment advice, dedicated customer service. Angel Broking is best suited for new entrants in the market who can get help from its branches in your neighbourhood but at the cost of paying high brokerage."
Angel Broking is a market leader in financial product distribution with huge network of own offices, sub brokers and investment associates."
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 "With 1281+ branches in 377 cities of the country serving 1.4 million customers, over 5 lacs trades per day, Kotak Securities have been able to create their own space in stock brokers industry."
 >>> more
 "Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested on equity research. They have been awarded as India's Best Market Analyst Award for IT & FMCG sector by Zee Business."
 >>> more
Find More Information about the Broker : Overview Brokerage Product Services Trading Platform Ratings Overview Brokerage Product Services Trading Platform Ratings Overview Brokerage Product Services Trading Platform Ratings Overview Brokerage Product Services Trading Platform Ratings Overview Brokerage Product Services Trading Platform Ratings
Type of Broker
 Full Service Broker
 Full Service Broker
 Full Service Broker
 Full Service Broker
 Full Service Broker
Active Users
 548965
 382416
 813559
 382419
 316118
Year Of Experience
 >10 Yr
 >10 Yr
 >10 Yr
 >10 Yr
 >10 Yr
Promo/offers
Exclusive Offer
Free Trading & Demat a/c + AMC charges adjustable against the Brokerage testing contains.
Exclusive Offer
Free lifetime demat A/c with no AMC, Flat 20% Dis. on brokerage. testing contains.
Exclusive Offer
testing contains.
Exclusive Offer
testing contains.
Exclusive Offer
Free Trading & Demat a/c + 1st moth Free brokerage (up to 5K) testing contains.
Why to Choose
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Features  
  •  Pan India Presence over 170 branches & 2300+ Franchise partners.
  •  DP transaction facility is available without any cost.
  •  Sharekhan allows fixed deposit as collateral for Future & Options.
  •  At Sherkhan you can Trade through call & trade service.
  •  Provide you scope to widen your portfolio by investing in Equities, IPO, Mutual Funds, ETFs, Commodities, F&O
 
  •   Wide Network with over 8500 Sub-brokers and Franchise partners in 900+ cities in India.
  •   Offers Demat account absolutely free.
  •   Personalised investment advice through artificial intelligence based investment engine.
  •   Angel Broking provides Top quality research powered by ARQ predictions, which help to pick n invest in best stocks.
  •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
 
  •   A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India.
  •   Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade.
  •   Largest Equity E-Broking House with >40 Lac customers.
  •   Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
  •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
  •   Award Winning Research
 
  •  A Unique 3-in-1 On-line Trading Account, which includes Kotak Mahindra Banks Saving Account, Kotak Securities Trading Account and Kotak Securities Demat Account, is the key offering for retail stock market investors in India.
  •  Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through Kotak Securities. It provides you the flexibility to pay only when you trade.
  •  E-Broking House with >13 Lac customers.
  •  Wide network of 1281 branches and sub Brokers in 377 cities.
  •  After Market Orders and Portfolio Management Service(PMS) available.
  •  Facility to trade in Equities, IPO's, Bonds, FD's, ETF's, Mutual Funds, F&O and Currency derivatives etc.
  •  Add on services like relationship manager, tips & recommendations, technical research, market pointers, periodical research reports, training and education.
 
  •  Wide Network with over 2200 Sub-brokers and Franchise partners in 500+ cities in India serving >9L customers.
  •  Free Call and Trade Service.
  •  Dedicated and award winning research with daily, weekly, monthly & yearly reports.
  •  30,000+ research reports across 230+ companies and 21+ sectors.
  •  Dedicated large cap, mid cap & technical research teams.
  •  Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  •  LIVE streaming quotes and technical charts to help you make the right decision.
  •  Option to trade across exchanges - BSE, NSE, NCDEX, MCX, MSEI.
  •  Dedicated customer service team with a 6-hour query resolution TAT.
Review & Ratings
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Overall
(3.4/5)  
(3.6/5)  
(3.21/5)  
(3.48/5)  
(3.6/5)  
Brokerage & Other Charges
(1.3/5)  
(1.7/5)  
(0.9/5)  
(1.35/5)  
(1.65/5)  
Experience (Yrs / No. Of User)
(5/5)  
(5/5)  
(5/5)  
(5/5)  
(5/5)  
Customer Services
(5/5)  
(4.5/5)  
(4.5/5)  
(5/5)  
(3.5/5)  
Investment Offering
(2.4/5)  
(2.8/5)  
(3.9/5)  
(3.69/5)  
(3/5)  
Plateform & Tools
(4.5/5)  
(5/5)  
(5/5)  
(4.5/5)  
(4.5/5)  
Research
(5/5)  
(5/5)  
(5/5)  
(5/5)  
(5/5)  
Mobile Trading
(3.8/5)  
(4/5)  
(3.4/5)  
(3.9/5)  
(4.2/5)  
" Contact Broker / Request A Call Back"
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Contact Broker
Account Opening & AMC Charges
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Accounting Opening (Trading A/c) Rs 750 (adjusted against first 6 months brokerage) NIL Rs 975 Rs 750 NIL
Accounting Opening (Demat A/c) NIL NIL Rs 100 NIL NIL
AMC Yearly (Trading) NIL NIL NIL NIL NIL
AMC Yearly (Demat) Rs 400 Rs 450 Rs 500/Rs 600 Rs 600 Rs 441
Brokerage
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Minimum Brokerage Rs. 20 Rs. 30 Rs. 35 Rs. 21 Rs. 30
Brokerage Plan Classic Plan: 0.50%( Irrespective of volume). Post paid Plan : 0.50% to 0.10% (depending on the margin scheme). Pre-paid Plan : 0.50% to 0.08% Classic Plan: 0.32%. Preferred Plan : 0.224% . Premier Plan : 0.176% . Elite Plan : 0.128% . I Saver Plan: 0.75% to 0.25% (Depending on the volume). I Secure Plan : 0.55% Irrespective of volume. Pre-paid : 0.45% to 0.12% Dynamic Plan: 0.50% to 0.30% ( As per volume). Advance Plan : 0.39% to 0.12% (depending on the Advance scheme). Fixed Plan : 0.49% Value Pac Plan: 0.25% to 0.18%. Margin Plan : 0.30% to 0.25%.
Equity Delivery 0.50% 0.32% 0.55% 0.5% 0.3%
Equity Intraday 0.100% 0.032% 0.275% 0.05% 0.03%
Equity Future 0.1% on 1st leg and square off any other day 0.032% 0.05% to 0.03% 0.05% 0.03%
Equity Options Rs 100/- per lot or 2.5% on premium (whichever is higher) Rs.40 (Per Lot) Flat Rs 95 to 35 Per contract Rs.300 per lot Rs.100 (Per Lot)
Currency Future 0.001 0.00016 0.05% to 0.03% 0.04% 0.03%
Currency Options Rs.30/- per lot or 2.5% on premium (whichever is higher) Rs.6.4/- per lot Flat Rs 25 to 10 Per lot ₹20/ Per Lot Rs.100 (Per Lot)
Commodity Trading NA 0.018% NA NA 0.03%
Transcation Charges
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Equity Delivery NSE : 0.00310% | BSE 0.00280% NSE : 0.00325% | BSE 0.00325% NSE : 0.00310% | BSE 0.00280% 0.02% NSE : 0.00335% | BSE 0.01%
Equity Intraday NSE : 0.00350%, BSE ? 1.5 NSE : 0.00325% | BSE 0.00325% NSE : 0.00350%, BSE ? 1.5 0.02% NSE : 0.00325% | BSE 0.002%
Equity Future NSE : 0.0018% NSE : 0.0019% NSE : 0.0018% NSE : 0.00415% NSE : 0.002%
Equity Options NSE : 0.0450%|BSE 0.0450% NSE : 0.05%|BSE 0.05% on Premium NSE : 0.0450%|BSE 0.0450% NSE : 0.05315% NSE : 0.0511%|BSE 0.002% on Premium
Currency Future NSE: 0.0009% NSE : 0.0019% NSE: 0.0009% NSE: 0.0033% NSE : 0.00125%
Currency Options NSE: 0.04% NSE : 0.05%|BSE 0.05% on Premium NSE: 0.04% NSE: 0.04415% NSE : 0.042% on Premium
Commodity Trading NA MCX Rs.150 | NCDEX Rs.300 (Per Crore) NA NA MCX 0.0025%
Advantages and Disadvantages
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Pros 
  •  Free call and trade facility.
  •  Huge Branch & Partner network
  •  User-friendly website and easy to use trading platform
  •  Registered with both the exchanges - BSE and NSE.
  •  Provides you with the opportunity of commodity trading.
  •  The fixed deposit can be used as collateral for future and option trading.
  •  Sharekhan doesn't charge for DP transactions.
 
  •   ARQ- Advisory services.
  •   Trading in all market segments on BSE, NSE, MCX & NCDEX.
  •   Huge Sub-brokers & Partner network
  •   Good Trading Platform
  •  Offer Commodity Trading
  •  Free Demat Account
 
  •  3-in-1 online trading account.
  •  Security of your investment & money
  •  24/7 customer service.
  •   Easy-to-use website.
  •  Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  •  Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.
  •  Own DP services
  •  Award winning research services
 
  •  3-in-1 online trading account..
  •  Security of your investment & money.
  •  Toll free number available.
  •  Robust trading software KEAT Pro.
  •  Derivatives trading,NRI services, mutual funds, IPOs.
  •  Trading is available in both BSE and NSE.
  •  After Market Orders (AMO), good till cancel order (GTC) and Buy Now Sell Tomorrow.
 
  •  Award Winning Research and advice.
  •  Trading in all market segments on BSE, NSE, MCX & NCDEX.
  •  Huge Sub-brokers & Partner network
  •  Good Trading Platform
  •  Offer Commodity Trading
  •  Free Call and Trade Service.
Cons 
  •  Offer only 2-in-1 account.
  •  Shrekhan charges comparatively high brokerage.
  •  Minimum brokerage of 10 paisa is being charged per stock basis.
  •  Trading after market hours is not allowed.
  •  Classic account holders cannot trade commodities.
 
  •  Doesn't offer 3-in-1 account.
  •   High brokerage.
  •   Not a good fit for small and penny stock traders. They charge minimum brokerage of 30 Rs for your trade.
  •   Hidden charges.
 
  •  No commodity trading.
  •  Very High brokerage.
  •  Not a good fit for small and penny stock traders.
  •  Charges for trading terminal usage.
 
  •  No commodity trading..
  •  Very High brokerage..
  •  Not a good fit for small and penny stock traders.
  •  Minimum brokerage charges.
 
  •  High brokerage.
  •  Not a good fit for small and penny stock traders. They charge minimum brokerage of 20 Rs for your trade.
  •  Hidden charges.
  •  No brokerage plans available onsite.
Platforms & Tools
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Web-Platform
Mobile App_Android
Mobile App_Iphone
Desktop_Windows
Desktop_Mac
Ipad_App
Customer Services
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Toll Free Number
Live Chat Facility
Email Facility
Branch Offices
Customer Care
Products & Services
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Call in Trade
Trading in Both the Exchanges
3 in 1 Online Trading Account
NRI Services
Offers Multiple Plan
IPO Investment
Brokerage Calculator
Margin Calculator
Investment Services
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Commodity Trading
Investment in Mutual Funds
Investment in ETFs
Investment in Bonds
Investement in Debt funds
Banking Services
Insurance Services
SIP (Mutual Funds)
Research & Market Report
SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
Equity Trading Recommendations
Equity Investment Recommendations
Free Tips
Daily Market Reports
ETF Research
Quarterly Results
Mutual Fund recommendation Basis Risk Profile
Mutual fund comparision
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SharekhanAngel BrokingICICI DirectKotak SecuritiesMotilal Oswal
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