Best brokerage app in India

Best brokerage app in India

In this blog, we will talk about best brokerage in India.

Before you start reading this blog. I would like to request you to do
your research and then invest in any brokerage app in India.

There is various brokerage app available in the Indian market but we will look at the best app which you can use.

1.Kite by Zerodha

2.Upstox

3.Angel Broking

4.5paisa

5.Motilal Oswal

6.Axis Direct

7.Kotak Securities

8.Groww

9.IIFL

10.Edelweiss

Conclusion

FAQ’S

1.Kite by Zerodha

Kite by Zerodha is considered one of the best brokerage app in India
and it has the highest subscriber base.

FACT- Do you know Zerodha is declared as a unicorn in FY-2020?

The interface of Kite is easy to understand and it also provides good
customer support as compared to other players in the market.

You can invest in Equity, Commodity, Currency, Futures, and Options
through this broker.

Advantages

● Zerodha is a self-clearing broker which means that they don’t recover clearing charges from customers.
● They provide only Direct Plans on Mutual Fund investments.
● Bonds & G-securities can also be invested
● Provides free stock market lessons and financial education for everyone.

Disadvantages

● Zerodha’s call & trade charges are more as compared to other brokers.
● NRI Account opening can be done only through an offline process.
● For every investment instrument, they have a different platform like Kite for shares, Coin for mutual funds, Golden Pi for bonds, etc.
● Response from customer support can be delayed. Due to a huge customer base, software glitches happen at certain times.

Maintenance and charges
● Account opening charges- Rs300
● Account Maintenance charges-Rs300
● Call and Trade charges- Rs-50 {per order}

Link for Zerodha Brokerage Calculator

2.Upstox

The 2nd most trusted and best brokerage app in India is Upsotox.

FACT- Do you know Ratan Tata holds a 1.3% stake in Upstox?
The features are quite similar as compared to Zerodha both are
considered the best brokerage app in India.

One best thing about upstox is they provide the last 10 years’ data of
the company which helps customers to understand company batter
and they can invest easily.

You can trade in Equity, Commodity, Currency, Futures, and Options through this broker.

Advantages

● They have morning newsletters on market talks for free to know the market recap.
● Free equity delivery brokerage on each plan.
● There are many technical indicators for traders.
● Upstox is funded by Ratan Tata which adds trust/ reliability in the RKSV group.

Disadvantages

● Margin exposure is limited in the priority plan.
● Customers have to be careful while selecting a mutual fund as both direct and regular plans are offered.
● In the basic plan, every customer has to pay the Demat Transaction Charges which are comparatively higher.
● Extra 20 per executed order is charged for Intraday square orders when they are not squared off by the customer.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Rs300
● Call and Trade charges- Rs-20 {per order}

Link for Upstox Brokerage Calculator

Best brokerage app in India

You can also read about Bigbasket and Grofers business model.

3.Angel Broking

Vinay Agrawal started Angle-breaking in 1996 and it is considered the
3rd the best brokerage app in India. They launched their app in 2011 a
year before Zerodha came into the Indian brokerage market.

With the help of Angel Broking, you can easily trade-in Equity,
Commodity, Currency, Futures, and Options with this trader.

One of the best advantages of angel broking is their maintenance
charges are low as compared to other players in the market.

Advantages

● Provides Full-service brokerage services at low brokerage fees.
● Offers free investment advisory and research tools to the customers.
● Provides event-based daily, weekly and monthly reports to facilitate informed decision making.
● Provides free equity delivery.
● Provides an option to invest in Corporate Bonds.

Disadvantages

● Call & Trade is charged for an extra ₹20 per executed order.
● One should not expect excellent customer support.
● The mobile interface is difficult to understand.
● Provides only regular Mutual Fund plans.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Rs240
● Call and Trade charges- Rs-20 {per order}

Link for Angel Broking Brokerage Calculator

4.5paisa

It was started in the year 2016 by Prakarsh Gagdani headquarters
based in Mumbai. 5paisa is considered one of the fastest-growing brokerage in India

FACT- Do you know it has over 1.5 lakh retail customers and is
registered with SEBI, CDSL, BSE, NSE, MCX, and NCDEX?

One of the best advantages of 5paisa is their maintenance charges
are very low as compared to other Rs45 per month. you can easily
trade-in Equity, Commodity, Currency, Futures, and Options with this
trader.

Advantages

● IIFL Group, which is a premier Indian NBFC with experience of over 2 decades, is the promoter of 5paisa.
● Provides an option to choose from 2 Subscription plans as per your trading needs.
● Offers free technical, derivative, and fundamental research with an advanced trading platform for traders.

Disadvantages

● High Demat transaction charges.
● Higher exchange transaction charges in comparison with other discount brokers.
● Call & Trade is available at a high additional cost.
● 5paisa does not offer NRI trading services.
● Promotions of other products on the website.
● Call & Trade service is chargeable even if the mobile application is not working.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Rs45
● Call and Trade charges- Rs-100 {per order}
● Plan Charges- 499 per month (for 12 months-Rs5,988)

Link for 5paisa Brokerage Calculator

Best brokerage app in India

5.Motilal Oswal

Motilal Oswal is a subsidiary of Motilal Oswal Financial Services. It
was founded by Raamdeo Agrawal in 1987.

They are one of the oldest players in the market and are considered
one of India’s most trusted brokerage apps. you can easily
trade in Equity, Commodity, Currency, Futures, and Options with this
trader.

Advantages

● Free call and trade services.
● Get in-depth stock or scheme analysis and recommendations for free.
● ‘Trend guiding tool’ provides combined strength of AI, Machine learning, and deep industry insights specifically designed for traders.
● Differentiated trading platforms for traders and investors.

Disadvantages

● Does not offer flat brokerage or discount brokerage plans.
● Only regular plans are offered in mutual funds.
● For different investment services, an additional fee is required.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Free
● Call and Trade charges- Free
● Plan Charges- 2500

Link for Motilal Oswal Brokerage Calculator

6.Axis Direct

Axis Direct is a subsidiary of Axis bank. It was launched in the year
2011.

They have 2,100+ employees in the Axis Direct subsidiary. You
can easily trade-inconcerningEquity, Commodity, Currency, Futures,
and Options with this trader.

FACT-Do you know they launched their IPO in FY-2020?

They are considered one of the best brokerage apps in India and
trusted because of their parent company Axis bank.
Their charges are quite high as compare to other players in the market

Advantages

● Provision of 3 in 1 account facilities provides users with a smooth and flawless trading experience.
● Free and quality research reports to its customers.
● Highly skilled relationship managers help investors by solving their queries.
● With ‘Fantastic learning, Axis Direct offers free seminars, tutorials, webinars, etc., to users.
● Enjoys brand equity and trust because of its banking service provider, AXIS bank

Disadvantages

● Brokerage, account opening costs and maintenance charges are very high compared to other brokers.
● Its terminal-based trading platform is a chargeable subscription-based platform.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Rs790 per annum
● Call and Trade charges- Free
● Plan Charges- Rs5555 one time

Link for Axis Direct Brokerage Calculator

7.Kotak Securities

Kotak Securities is a subsidiary of Kotak Mahindra bank. It was
founded in the year 1990.

They have trusted brokers in the market and are considered one of
the best brokers in the Indian market because of their parent company
Kota Mahindra bank.

Advantages

● Kotak Securities provides a wide range of investment options.
● Provides daily alerts, market pointers, research reports, stock recommendations, etc. to the customers.
● They also provide PMS services & foreign investment.
● NRIs can also open an account with Kotak Securities.

Disadvantages

● Account opening charges are higher as compared to other full-service brokers and the brokerage charges are also high with
respect to investors.
● Call & Trade charges vary depending on the frequency of investing.
● A minimum amount has to be compulsorily deposited upon opening the account.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Rs600 per annum
● Call and Trade charges- Rs50 per order
● Plan Charges- Rs1179 per annum

Link for Kotak Securities BrokerageCalculator

Best brokerage app in India

8.Groww

Groww was started in the year 2016 by Lalit Keshre.
You can only deal inequity with this broker; you can not trade in
commodity, currency, futures, and options.

They do not provide customer support service. With the help of groww
you can invest in the US stock market. If you are looking to invest in
the US stock market then you should go with groww.

Advantages

● Commission-free investment for customers.
● Opening a trading and Demat account is quick and easy. Only the Aadhar Card is required for e-sign up.
● Simple and intuitive User Interface.
● They are coming up with an option to invest in US-based stocks.

Disadvantages

● Limited range of products available for investors. Products like commodities and derivatives are currently not available.
● Availing customer support can be tricky. Only e-mail facilities are available.
● Users face difficulty in analyzing funds technically as the option of in-depth and detailed analysis is not available.

Maintenance and charges
● Account opening charges- Free
● Account Maintenance charges-Free

Link for Groww Brokerage Calculator

9.IIFL {India Infoline Financial services company}

IIFL is considered one of the best brokerage app in India and is
trusted as well.

It was founded in the year 1995 by Rajamani Venkataraman and
Rajamani Venkataraman.

One of the best features of IIFL is they provide you guest login without making any account which helps the trader to experiences the app. You can easily trade in Equity, Commodity, Currency, Futures, and options with this trader.

Advantages

● Being a full-service broker they have branches across India and abroad.

● They provide free research reports for Equity shares and Mutual Fund recommendations.

● For providing margin funding they also accept personal Fixed Deposits as collateral.

● Customers can trade in equity, commodity, and currency through a single platform.

Disadvantages

● IIFL brokerage charges are very high in comparison to other stock brokers.
● They offer only Regular Plans in Mutual Funds.
● The minimum brokerage is high when compared to other brokers.

Maintenance and charges

● Account opening charges- Free
● Account Maintenance charges-Rs250
● Call and Trade charges-Rs 20 per order

Link for IIFL Brokerage Calculator

Best brokerage app in India

10.Edelweiss

Edelweiss Broking Limited is a part of the Edelweiss Group. Edelweiss
was started in the year 2008.

If you are a beginner or intermediate is the best broker app for you. It
is easy to use and its UI/UX design is also amazing.

Advantages

  • Full-service broker offering discount brokerage plans.
  • Flat rates per executed order across all the trading segments in the Lite plan.
  • Provides free research, trading tips, and recommendations.
  • They have an offline presence through branches and franchises which makes it convenient for customers.
  • Relationship managers and add-on services like PMS are available.

Disadvantages

  • Charges high minimum brokerage in delivery, Intraday, and Futures.
  • Call & Trade is available for an additional cost in the Lite plan.
  • Additional costs for research calls and trading tips.
  • They do not provide a platform for commodity options.

Maintenance and charges

● Account opening charges- Free
● Account Maintenance charges-Rs300
● Call and Trade charges-Rs 20 per order

Link for Edelweiss Brokerage Calculator

Conclusion

Above is the list of best brokerage apps in India with which you can
trade in the Indian market. If you are extremely serious about trading
then you should go with Zerodha. Their features and customer support are good and they can be trusted.

FAQ’S

1.Best brokerage app in India 2020 for beginners?

Best brokerage app in India for beginners is IIFL {India Infoline
Financial services company}

2.Which brokerage is best in India?

The above list is the top 10 brokerage app in India you can choose
any one of them

3.Best brokerage app in India to earn money?

The best brokerage app in India to earn money is Groww

4.Best brokerage app in India with low investment?

Angel broking is the best brokerage app in India with low investment

5.Best brokerage app in India with no brokerage?

Kotak securities are the best brokerage app in India with no brokerage

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