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

SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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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 "AxisDirect is the flagship brand of Axis Securities Ltd offering simplified investment solutions to retail customers. AxisDirect is among top 10 brokerage house in India with over 3.5 lakhs active customers."
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 "With 273+ branches in 190 cities of the country serving 1.8 million customers, comprises approximately 10% of the total customers trading on the exchanges puts HDFC securities at 2nd position in stock brokers industry."
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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."
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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
 394785
 626530
 813559
 382419
Year Of Experience
 >10 Yr
 5-10 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
testing contains.
Exclusive Offer
testing contains.
Exclusive Offer
testing contains.
Exclusive Offer
testing contains.
Why to Choose
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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
 
  •  A Unique 3-in-1 On-line Trading Account, which includes Axis Banks Saving Account, Axis Direct Trading Account and Axis Direct 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 >11 Lac customers.
  •  1 paisa per lot for same day square off option trading or Rs 10 per lot for carry f/w Options trade
  •  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.
  •  Axis Direct offers classroom sessions, webinars, Online Tutorials and Articles by Experts to help beginners understand basics.
 
  •  A Unique 3-in-1 On-line Trading Account, which includes HDFC Bank Saving Account, HDFC Securities Trading Account and HDFC 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 HDFC Securities. It provides you the flexibility to pay only when you trade.
  •  E-Broking House with >20 Lac customers.
  •  Free Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
  •  Facility to trade in Equities, IPO's, Mutual Funds, F&O and Currency derivatives.
  •  Add on services like relationship manager, tips & recommendations, technical research, training and education.
 
  •   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.
Review & Ratings
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Overall
(3.4/5)  
(3.32/5)  
(3.5/5)  
(3.21/5)  
(3.48/5)  
Brokerage & Other Charges
(1.3/5)  
(1.25/5)  
(1.1/5)  
(0.9/5)  
(1.35/5)  
Experience (Yrs / No. Of User)
(5/5)  
(4.5/5)  
(5/5)  
(5/5)  
(5/5)  
Customer Services
(5/5)  
(5/5)  
(4.5/5)  
(4.5/5)  
(5/5)  
Investment Offering
(2.4/5)  
(3.69/5)  
(3.9/5)  
(3.9/5)  
(3.69/5)  
Plateform & Tools
(4.5/5)  
(4.5/5)  
(4.5/5)  
(5/5)  
(4.5/5)  
Research
(5/5)  
(5/5)  
(5/5)  
(5/5)  
(5/5)  
Mobile Trading
(3.8/5)  
(3.8/5)  
(4.2/5)  
(3.4/5)  
(3.9/5)  
" Contact Broker / Request A Call Back"
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Contact Broker
Account Opening & AMC Charges
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Accounting Opening (Trading A/c) Rs 750 (adjusted against first 6 months brokerage) Rs 999 Rs 999 Rs 975 Rs 750
Accounting Opening (Demat A/c) NIL NIL NIL Rs 100 NIL
AMC Yearly (Trading) NIL NIL NIL NIL NIL
AMC Yearly (Demat) Rs 400 Rs 600 Rs 750 Rs 500/Rs 600 Rs 600
Brokerage
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Minimum Brokerage Rs. 20 Rs. 25 Rs. 25 Rs. 35 Rs. 21
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% Investment Plus Plan: 0.50%( Subs Chg Rs.999, Brokerage free trade 3Lacs) . Now & Never Plan : 0.25% ( Subs Chg Rs.5555, Brokerage free trade 12Lacs) NA 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%
Equity Delivery 0.50% 0.5% 0.50% 0.55% 0.5%
Equity Intraday 0.100% 0.05% 0.100% 0.275% 0.05%
Equity Future 0.1% on 1st leg and square off any other day 0.05% 0.050% 0.05% to 0.03% 0.05%
Equity Options Rs 100/- per lot or 2.5% on premium (whichever is higher) Rs10/ Per Lot Higher of 1% of the premium amount or Rs.100 per lot Flat Rs 95 to 35 Per contract Rs.300 per lot
Currency Future 0.001 0.05% Rs. 23/- per Contract on CF and Rs. 12/- each side on square up of trades 0.05% to 0.03% 0.04%
Currency Options Rs.30/- per lot or 2.5% on premium (whichever is higher) Rs10/ Per Lot Rs. 20/- per Contract on CF and Rs. 10/- each side on square up of trades Flat Rs 25 to 10 Per lot ₹20/ Per Lot
Commodity Trading NA NA NA NA NA
Transcation Charges
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Equity Delivery NSE : 0.00310% | BSE 0.00280% 0.00325% NSE : 0.00325% NSE : 0.00310% | BSE 0.00280% 0.02%
Equity Intraday NSE : 0.00350%, BSE ? 1.5 0.00325% NSE : 0.00325% NSE : 0.00350%, BSE ? 1.5 0.02%
Equity Future NSE : 0.0018% 0.0019% NSC : 0.0019% NSE : 0.0018% NSE : 0.00415%
Equity Options NSE : 0.0450%|BSE 0.0450% 0.05% NSC : 0.05% NSE : 0.0450%|BSE 0.0450% NSE : 0.05315%
Currency Future NSE: 0.0009% 0.0019% NSE: 0.0011% NSE: 0.0009% NSE: 0.0033%
Currency Options NSE: 0.04% 0.05% NSE: 0.04% NSE: 0.04% NSE: 0.04415%
Commodity Trading NA NA NA NA NA
Advantages and Disadvantages
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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.
 
  •  3-in-1 online trading account.
  •  Security of your investment & money
  •  Decent trading software.
  •  Derivatives trading, NRI services, mutual funds, IPOs.
  •  Trading is available in both BSE and NSE.
  •  Free Research services
 
  •  3-in-1 online trading account..
  •  Security of your investment & money.
  •  24/7 customer service.
  •  Easy-to-use website.
  •  Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.
  •  Trading is available in both BSE and NSE.
 
  •  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.
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.
 
  •  No commodity & Currencytrading.
  •  Very High brokerage.
  •  Installable trading terminal cost at Rs 2999 per year.
  •  Minimum brokerage charges.
  •  Low Exposure
 
  •  No commodity trading..
  •  Very High brokerage..
  •  Not a good fit for small and penny stock traders.
  •  Charges for trading terminal usage.
  •  Minimum brokerage 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.
Platforms & Tools
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Web-Platform
Mobile App_Android
Mobile App_Iphone
Desktop_Windows
Desktop_Mac
Ipad_App
Customer Services
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
Toll Free Number
Live Chat Facility
Email Facility
Branch Offices
Customer Care
Products & Services
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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
SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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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SharekhanAxis DirectHDFC SecuritiesICICI DirectKotak Securities
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