Beginners Guide - Top Stock Brokers in India 2022 - Charges & Market Share in NEW TO TRADING & INVESTMENTS? - Indian stock market brokers have been broadly categorized into two main parts Full service brokers Discount brokers Full Service Brokers ...
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Top Stock Brokers in India 2022 - Charges & Market Share

  1. Top Stock Brokers in India 2022 - Charges & Market Share



    Indian stock market brokers have been broadly categorized into two main parts
    • Full service brokers
    • Discount brokers

    Full Service Brokers

    Full-service brokers are the traditional brokers. They are licensed brokers that provide a wide range of services to their customers, including investment advisory, portfolio and wealth management, and research services. With the passing of time and the advent of technology, full-service brokers these days provide their services both online and offline.

    Ex:
    ICICI Direct, SBI Securities, Angel Broking, HDFC Securities, Sharekhan, and Kotak Securities.

    Pros
    • They provide their customers with dedicated relationship managers who help and guide them in realizing their investment needs.

    Cons
    • They charge a higher commission than discount brokers because of the many services they offer.
    • The transaction costs in full-service broking is usually high

    Discount Brokers

    Discount brokers just provide the trading facility for their clients. They do not offer advisory and suits for a ‘do-it-yourself’ type of clients. They offer low brokerage, high speed and a decent platform for trading in stocks, commodities and currency derivatives.

    Ex:
    Zerodha, 5paisa, Upstox, Groww, Fyers,etc.

    Pros
    • Lower commission charge on their services.
    • The transaction cost involved is low.
    • Since they do not offer investment advisory services and are not interested in selling any third-party products, discount brokers provide unbiased services to their clients and do not mislead them.

    Cons
    • Discount brokers do not provide any portfolio management services either.
    • Discount brokers do not provide advisory services. They do not report on companies or make trade calls to their clients.
    • Since most of the services are provided online, discount brokers lack a personal touch. They do not offer customers with relationship managers to help and assist them.

    Top 5 Discount Brokers:



    Top 5 Full Service Brokers:



    Ref: NSE India

    Charges of Top Discount Brokers:

    Zerodha Charges



    Upstox Charges



    Groww Charges



    5 Paisa Charges



    PayTM Charges










  2. AngelOne Charges



    ICICI Direct Charges



    Kotak Securities Charges



    HDFC Securities Charges



    IIFL Securities Charges


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