Full Service Stock Brokers in India Explained
The role of stock brokers in India cannot be overemphasized when it comes to stock trading.
The stock brokers of India are the major contributors to the economy of the country.
A typical stock broker in India contributes immensely towards the development of the stock market industry.
It is, however, noteworthy that there is quite a lot of full service best stock brokers in India online to choose from.
They have been operating in the stock trading scene of India for a very long time.
They are major stock brokers in India who do more than just allowing their customers to trade all over the available indices.
Among their contributions comprise of uninterrupted services such as general stock market analysis, financial development, stock investing or trading, and research.
The Strengths of a Full-Service Stock Broker in India
There are a lot of reasons for which you should take advantage of a full-service stock broker in India, most especially for stock market trading and investments.
Enumerated below are some of the strengths of a full-service stock broker in India:
I. PAN India Presence
Because the majority of the clients of full-service stock brokers of India necessitate help in offline ways, they have PAN India presence.
Consequently, a full-service stock broker in India is there to get you covered, if you want to have one-on-one constant communications and deliberations with the local stockbrokers.
II. Hand-holding Information
As mentioned earlier, the full-service major stock brokers in India equipped their various clients with the latest company results, market reports, trend analysis, and trading tips in a well-timed manner, depending on the needs and portfolio of the clients.
Hence, the Best Stock Broker in India is your ideal choice if you need useful information concerning useful advice and the latest trends.
III. Team of Research Experts
There are specialized research teams of experts available to give you the necessary assistance you need during turbulence and tough periods of trading.
When it comes to handling your investments, their sound judgment is second to none.
IV. Individual Attention
With full-service stock brokers in India, there is an opportunity for personal attention for every client.
Also, there is individual regular advice geared towards what will make them accomplish their short and long-term objectives.
V. Excellent Customer Service
Full-service stock brokers of India offer their numerous clients with customer service that comes with faster turnaround and customized communications with several channels to contact them.
To guarantee premium service, a number of these brokers have designed different portals particularly for customer care and support.
Here are the top 10 full-service stock brokers in India in 2019.
1. ShareKhan
As far as the share brokerage industry is concerned in India, ShareKhan full-service stockbroker that was established in February 2000 is very popular.
It is the number three biggest full-service stock trading platform with committed customer service, research-based investment advice, innovative inline trading tools, and more than Seventeen Lakh client base.
This full-service trading platform is one of the founders of online stock trading in India.
It provides its customers more than a few financial products and services such as mutual fund distribution, securities brokerage, wealth management, Funding of IPO, financing of ESOP, and loan against shares.
ShareKhan boasts more than four thousand and eight hundred employees with offices in more than five hundred and seventy-three cities in India through its one hundred and fifty-three different branches and over two thousand and five hundred business associates.
In the last ten years, ShareKhan has witnessed tremendous development though its chain of franchises and extremely flourishing online trading platform established in nearly every nook and corner of India.
As part of its expansion, Sharekhan has a global presence in Oman and UAE.
Sharekhan services cut across diverse categories of customers such as individual traders and investors, NRIs, institutional, and corporate.
Sharekhan full-service stockbrokers carry out trading for derivatives segments and equity cash on both NSE and BSE, commodities trading on NCDEX and MCX.
Moreover, the platform provides depository services and alternatives to trade in IPOs and mutual funds.
If you are looking for the best investment platform for the stock market in India, ShareKhan.com has no rival.
The beautifully designed website offers quite a lot on the news, basic and statistical information on equity.
The new trading App of ShareKhan’s full-service broker is easy to use and was updated by considering the needs of users.
It also comes with extensive features in addition to its fresh new look for the investors and traders and investors.
With this ground-breaking development, you can now manage your portfolio, keep an eye on your stocks and commence trade easily, all in a single place.
ShareKhan TradeTiger
ShareKhan TradeTiger is a notable trading terminal in India. It resembles the Broker Terminal.
This trading terminal is particularly designed for the retail investors to let these investors and traders place and execute their orders at a high speed.
On the other hand, ShareKhan TradeTiger supports live data and some other useful tools within the same screen to enhance the trades of its users.
The ShareKhan Mobile Platform
ShareMobile is the platform that provides traders and investors with a trading facility by making use of a mobile application.
ShareMobile apps are accessible on the fashionable iPad, Android, iPhone, Blackberry, and other phones.
ShareKhan Services
The services rendered by ShareKhan full-service stock broker in India are:
- F and O
- Equity
- Commodity
- Investment in – Bonds, Insurance, NCDs, IPOs, and Mutual Funds
Furthermore, ShareKhan is a depository member with the CDS and NSD and also offers users with the ShareKhan Demat Account.
ShareKhan Accounts
Also, there are more than a few accounts provided by Sharekhan to go well with the trading needs of clients. Some of these accounts are:
- Platinum Circle
- First Step
- Classic Account
- TradeTiger
- PMS – Portfolio Management Services
Each of the above accounts is available online and personal assistance made available by the Sharekhan agent.
Sharekhan Research Teams
These research teams publish regular stock tips, investment advice, quarterly company news alerts and result in analysis for the clients on ShareKhan.com, via SMS, and email.
There is also an outstanding knowledge center on the website of ShareKhan meant to help all the commodity and stock market traders and investors of different kinds.
There are also FREE online workshops and classroom seminars for different categories of investors.
2. ICICI Direct
The ICICI Direct is among the top, leading, and Best Stock Brokers in India online full-service stockbroking firms.
It is the second biggest retail stock brokering firm in India that provides numerous investments to its institutional and retail clients.
ICICI Direct is a retail investment with a presence in more than eighty-seven different locations in India with over two hundred offices of different kinds and sizes for all its dedicated customers.
The exceptional customer service of ICICI Direct contributes to its success as a leading full-service stock broker in India.
ICICI Direct offers a wide range of investment and trading services across different segments and has more than thirty-five Lakh clients all over India.
ICICI Direct Trading Segments
Among the trading segments of ICICI Direct are:
- Bonds
- Fixed Deposits
- IPO
- Mutual Funds
- Derivative Trading
- Equity Trading
- eLocker
- Loans
- ICICI PMS
- Insurance
- ETFs
- Currency Trading
- NCDs – Non-Convertible Debentures
The three-in-one Demat account which comprises of the trading account, Demat account, and Bank account is one of the unique features of the ICICI Direct full-service broker.
It is only the stockbroking firms with the leverage of banking services parent company that has the ICICI Demat account feature.
With the three-in-one account of ICICI Direct, you can have flawless trading experience, since your bank account is linked to your trading account directly, which eventually helps when it comes to immediate cash transfer.
The ICICI Direct full-service stock brokers have an active customer base of 870, 070, making the platform the second on the list when it comes to the largest trading platform in India.
The Trading Platforms of ICICI Direct
The ICICI Direct stock brokers provide high-tech trading platforms for mobile, laptop, and desktop devices.
ICICI Direct Trade Racer
This is simply an executable file that is installable on a machine from where the customers can then perform their trading activities right from their laptops or desktops.
If you can make more than 750INR in a month, you will have FREE access to the Trade Racer trading platform.
If you are unable to meet this condition, you will be charged a 75INR monthly subscription to use the platform.
The Trade Racer Web
ICICI Direct Trade Racer Web does not require any installation whatsoever before it can be accessed from any location.
It has a lot of fantastic features but the user experience is the only concern associated with the trade racer web from ICICI Direct.
Understanding the feature usage and navigation easily may be a bit difficult, particularly for beginner users.
The ICICI Direct Mobile
ICICI Direct Mobile app that has many distinguishing features is adjudged one of the best performing stock trading applications.
3. Angel Broking
Angel Broking now referred to as Angel Broking Limited is a full service and one of the major stock brokers in India.
The stockbroker was launched in the year 1987 with its headquarters in Mumbai, India.
Participation and Membership
- Angel Broking is a member and participant of:
- Depository participant with CDSL
- BSE – Bombay Stock Exchange
- NCDEX – The National Commodity and Exchange Limited
- MCX – Multi-Company Commodity Exchange of India Limited
Angel Broking has more than 11,500 sub-brokers and franchise outlets in more than 900 cities of India, in terms of offline presence.
Today, Angel Broking has over one million customers on its platform.
Financial Services Offered
Financial services offered by Angel Broking are:
- Loans against Shares
- Mutual Funds
- IPOs
- ETFs
- Life Insurance
- PMS – Portfolio Management Services
- Currency Trading
- Commodity Trading
- Equity Trading
Angel Broking is among the full-service stock brokers in India that put a steady focus on technology.
This fact can be supported by the extraordinary trading applications offered on the platform to its numerous clients such as the Trade Angel Broking, The Angel Speed Pro, and the Angel Broking Mobile App.
Angel Broking Trading Platforms
The Angel Broking Website Trade
This is a browser-based stock trading platform. The rates of Web trade are normally updated automatically.
This platform is designed for traders and investors for monitoring and accessing the market from different terminals.
Angel Broking Mobile Trading App
This is an iOS and Android-based mobile app that gives you access to the markets to trade with a Smartphone.
With the Mobile trading app from Angel Broking, trading can be performed on Commodities and Equity Markets.
edPro Trading Terminal
This is simply an application trading platform that offers automatic updates and allows for easy access to the market from multiple terminals, plus other amazing features/
Offers of Angel Broking
Angel Broking stockbroker operates multiple offers for the satisfaction of its clients.
Among the currently run offers of Angel Broking are:
1. FREE Trading Account
2. Flat Brokerage all over the trading segments
3. The FREE annual maintenance charges
4. The FREE Demat account
4. HDFC Securities
The HDFC Securities is a full-service Equity Trading Company in India. It offers phone and online trading. This full-service stockbroker provides Day trading on BSE and NSE, Cash-n-Carry on BSE and NSE, and Trade on Options and Futures on Online IPO Investment and NSE.
HDFC Securities is the third biggest full-service stock broker in India with about 635, 425 active customers.
The HDFC Securities Products
With the HDFC Securities, you can trade in the following segments:
- Fixed deposits
- Insurance
- Bonds
- ETFs
- HDFC PMS
- IPO
- Mutual Funds
- Equity trading
Trading Platforms
The HDFC Securities full-service brokers offer online trading applications at Mobile, desktop, and web platforms to all its dedicated clients.
All these trading platforms are created and managed internally by the bank-based broker.
5. KOTAK Securities
KOTAK Securities full-service stockbroker is an arm of KOTAK Mahindra Bank in Mumbai, India. It was incorporated in 1994.
KOTAK offers different trading and investment products in various capacities.
The platform is famous for its modern approach towards embracing the latest innovative technologies.
In a nutshell, KOTAK Securities have proven worthy to be addressed as the best stock broker in India and they are well respected and honored for their excellent full-service brokerage company.
KOTAK Securities is a Non-banking Financial Company (NBFC) of KOTAK Mahindra Bank, and that is one of the major reasons for the instant attraction by many users.
The platform has a population of 1.36 million clients to its credit and still developing.
KOTAK Securities is great because you can begin instant trading even if you don’t understand the fundamental analysis.
On the website of KOTAK Securities, you are provided with all you need to have wonderful and successful trading experience.
KOTAK Securities Products
KOTAK Securities offer the following range of products to its numerous customers in India:
Portfolio Management Services
- Tax-Free Bonds
- Currency Trading
- Exchange-Traded Funds (ETF)
- KOTAK Demat Account
- Equity Trading
- IPO
- Mutual Funds
- Derivative Trading
The Browser Trading Application of KOTAK
The browser trading application of KOTAK Securities full-service broker will let all its clients carry out trading directly on the website.
In other words, you don’t need the downloading and installation of a particular software before you can start trading via KOTAK Securities platform.
If you are looking for a stockbroker you can trust in India, KOTAK Securities should be the first on your list. KOTAK Securities has been able to create a space for them in the stockbroking space, and this is why they are listed among the Best Stock Brokers in India online stock trading market.
6. India Infoline Finance Limited (IIFL)
India Infoline Finance Limited (IIFL) is one of the full-service stock brokers in India.
This fastest developing stockbroker was launched in 1995 to offer research-based advice and trading platform for all the financial products such as Bonds, Loans, FDs, Insurance, Commodities, Derivatives, and stocks among others.
IIFL is one of the full-service stock brokers of India listed on NSE and BSE for securities trading.
The major offerings of India Infoline Finance Ltd are research, Commodity Broking, and Equity.
The IIFL full-service stock broker in India has an extensive network of more than 4,000 branches spread across more than 900 cities of India as of December 2012.
The popularity of the IIFL full-service stock market broker in India among retail traders and investors is associated with their branches that are spread across India.
Without a doubt, India Infoline Finance Limited (IIFL) is one of the most promising major stock brokers in India.
The stockbroker offers more than a few values to its numerous clients through its concentration on technology with its extensive offline presence, mobile apps, more than a few brokerage plans, etc.
India Infoline Offers
The IIFL retail stockbroking house is excellent when it comes to providing multiple investments and trading offers to all its users.
Traders on the platform can make wise and better investment decisions through the trading offers provided by this full-service stock market stock broker in India.
With IIFL broking house, the following offers are provided:
1. Traders are allowed to open a Demat account for FREE.
2. Investors and traders have access to flexible brokerage plans.
3. There are convenient referral offers available to the traders and investors to make trading more convenient and satisfactory.
India Infoline Products and Services
India Infoline full-service stockbroking house offers widespread financial services to their clients with enormous satisfaction and convenience.
This is because the main goal of IIFL is for all their clients to accomplish their stock trading objectives.
With this best stock broker in India, users can, without a doubt, have faultless trading experience.
Here is the quick list of the products available to customers:
- The SIP
- FOREX
- Mutual Funds
- Equity trading
- Futures
- Options
- Currency Trading
- Commodity trading
All these products are available to clients at nominal brokerage charges. All these products can be used for trading easily and they have a good life span.
One great and peculiar thing about IIFL is that it normally customizes its financial and trading products as per their requirements.
Also, there is a support team of executives in place to offer clients the necessary support they need at any point in time.
Services Offered by IIFL
IIFL full-service best stock broker in India offers outstanding services to please their clients to a great extent.
Some of these services offered are:
- Portfolio Management Services (PMS)
- Stock Suggestions
- IPO Services
- Demat Services
- Intraday Services
- Trading Services
7. Motilal OSWAL
Motilal OSWAL Securities Limited is among the major stock brokers in India providing full-service products and services in India and its metropolis.
The clients of Motilal full-service brokers comprise of retail clients, foreign institutional investors, mutual funds, corporate and financial clients.
MOSL is generally acknowledged for its MOAMC unrestricted PMS aka Portfolio Management Service. This particular PMS has a proven track record and outstanding.
The basis of Motilal OSWAL Securities Ltd is its solid research. About ten percent of the generated revenue is invested in equity research.
There are committed teams for technical, mid-cap, and large-cap research.
The Motilal OSWAL research reports have got extensive coverage in the media from the research perspective of a technical, fundamental, and derivatives.
MOSL – Motilal Oswal Securities Ltd provides trading services in:
- Commodity
- Equity
- Currency
- Derivatives
It also provides products such as:
- IPOs
- Mutual Funds
- Insurance
- Gold
- Fixed Income products
Trading Platforms of Motilal Oswal
Motilal Oswal’s full-service stockbroker provides a wide range of online trading software.
Few of the popular trading software offered by Motilal include the following:
1. The MO Trader
2. The MO Investor Trading Website and Mobile App
3. The SmartWatch – App for App Watch and Android
4. Desktop Application – The Installable Trading Terminal
Motilal OSWAL Account Types
The Value Pack Account
This is the open subscription scheme, which provides reasonable discounts as far as the brokerage rates are concerned.
Clients on the platform can select and experience placing trades at reduced rates, with the numerous ranges of value packs available.
Default Account
The default account allows users of the platform to invest in Derivatives, Equity, Fixed Income, Insurance, PMS, Mutual Funds, Currency, and Commodity Products.
This type of account is designed for the long-term stock market investors and casual traders in India.
Margin Pack Account
This is simply an upfront committed margin account, which offers considerable brokerage discounts.
Clients can pick and avail the gains of placing trades at low charges, with the numerous margin packs available.
The margin Scheme account is particularly designed for the recurrent traders who enthusiastically trade daily.
8. GEOJIT BNP Paribas
Geojit BNP Paribas is one of the major stock brokers in India with a wide range of experience in the distribution of financial products and Portfolio Management Services.
Geojit BNP Paribas is a foremost full-service stockbroker that is highly respected when it comes to stock trading at BSE and NSE stock exchanges of India.
It has a very strong network of several branches and its high-tech online trading platforms are incomparable.
They offer a huge range of trading and financial products and they are engaged in trading and investing in the following areas of stock trade:
- Stock Broking
- Mutual Funds
- Advisory Services
- Portfolio Management
- Equities
- Wealth Management
- Life Insurance
- Currency Futures
- Investment Management
- Margin Trading
- Financial Forecast
- General Insurance
Trading Platform and Tools
Geojit BNP Paribas offers Mobile-based, terminal-based, and Web-based trading platforms, just as it is applicable to other stock brokers of India.
Its FLIP online trading platform was substituted for the SELFIE, which is the advanced investment trading platform.
SELFIE grants clients access to the markets by getting research tips, setting up their market watch, receiving research tips, news and real-time charts.
It also enables the client to make informed and useful trading decisions.
These trading platforms and tools include the following:
The Selfie Gold
This is the browser-based trading Platform of Geojit BNP Paribas.
It offers an advanced charting portal that allows a trader to Trade directly from advanced chart types and Charts.
Selfie Gold features wealthy Visualization Engine and F&O Analytics.
It integrates options and Futures chains, Sectoral heat maps, VWAP Screeners, and Option Greeks charting.
Geogit BNP Paribas Selfie Platinum
The Geogit BNP Paribas SELFIE Platinum is an effective trader terminal.
It is designed and best appropriate for the active traders who benefit from trivial movements in the price.
Customers can download the SELFIE Platinum EXE program on their computers.
It has most of the needed features for smooth and effective trading.
The SELFIE Mobile
This is the mobile app for iPhone and Android devices. It has all the advanced features such as real-time updates, market watch, quick order execution, Dynamic real-time charts, Order Book & Trade Book, and order placing facility on BSE and NSE.
This modern and high-tech Mobile Trading platform gives power to clients to carry out trading from anyplace, even when they are on the move.
9. SMC Global Online
SMC Global Limited was founded as a full-service stockbroker in 1994.
It is one of the tops and foremost stock brokers of India offering services all over the available investment banking, brokerage, and wealth management.
SMC Global is one of the best stock brokers in India online stock trading with proven track records.
They engage in different online trading for the satisfaction of their dedicated clients in India.
SMC Global Online trades in MCX, NCDEX, MCX-SX, BSE, and NSE. In the case of equity trading, Demat Account is mandatory with SMC Global Online.
SMC Global Online Products
- Insurance
- Derivatives
- Mutual Fund
- Currency
- Commodity
- Equity
Services
- Research Reports
- Advisory Services
- NRI Services
- PMS
- IPOs
- Trading Account
- Depository Services
- Demat Account
Trading Platforms
SMC Global Online offers diverse kinds of trading platforms to its clients such as:
Browser-based Trading Platform
SMC Global offers two browser-based trading platform of exclusive and select to their clients.
Software-based Trading Platform
The SMC Global software-based trading platform is SMC Privilege.
This is an application designed for active investors and traders who don’t like bulk trading in the stock market.
This trading platform offers wide-ranging facilities on a single screen.
Mobile Based Trading Platform
This user-friendly platform allows investors to focus on the stock market and their trade.
If you one of the investors or traders who are always on the move, mobile-based is the best option for you.
With this platform, investors can access and manage trades instantly through their tablets and mobile phones.
10. ADITYA Birla Money (ABML)
ABML or ADITYA Birla Money Ltd full-service stockbroker was founded in 1994.
ADITYA is engaged in stockbroking trading and holds membership in the NSE and BSE.
Moreover, this full-service company obtained license for its PMS aka Portfolio Management Services from SEBI.
ADITYA Birla Money Products
- Fixed Deposit
- Currency
- Commodity
- Insurance
- Mutual Fund
- Equity
- Derivatives
Services
- PMS
- IPO
- Alternate Investments
- Property Services
- Research Reports
- Advisory Services
- Two-in-one Account
- Trading Account
- Demat Account
Trading Platforms
The trading platforms offered to clients by ADITYA Birla Money best stock broker in India are web-based and a mobile platform.
Furthermore, this full-service stockbroker provides excellent trading tools for the analysis and research of stocks.
The Mobile Invest App
This is a top trading application for mobile users. The Mobile invest enables a trader or an investor to execute trades on the go.
It also allows them to access stock market commodities, currencies, quotes of BSE & NSE, news, and many more updates instantaneously.
The Mobile investment app makes trading possible and easy with one click.
Express Trade
This online desktop trading software is a unique, fast, and feature-rich for active traders. Express Trade comes loaded with a lot of indispensable features such as access to many exchanges and trade in various segments, Real-Time Portfolio Tracker, Open interest bar, Advanced Charting, and Live price quotes.
ABTrade from ABML
ABTrade from ABML is a trading tool that allows traders access to the financial markets.
It offers basic data for different classes of asset and comprehensive analytics at the user framework, brokerage, and portfolio level.
The Portfolio Tracker
Portfolio Tracker enables traders to trade and track from one interface. ABM also provides a free Call-and-Trade facility where clients can call and place an order request on the phone, in addition to excellent tools and trading platforms.
The call-and-trade facility can be availed from 9 am to 11:30 pm.
11. Edelweiss Capital Securities
Edelweiss Capital is one of the renowned full-service stock brokers in the world and part of the best-functioning financial service companies in India.
This full-service stock trading company was incorporated in 1995 with the aim of empowering Indian investors and traders to have full control over the momentum of the stock market in India.
Edelweiss Capital enables its customers to carry out investment and trade all over a variety of financial entities as a dynamic and active member of MSEI, MCX-SX, BSE, and NSE.
Clients of Edelweiss can invest and trade across the following financial entities:
- The PMS of Edelweiss
- Mutual Funds
- IPO
- Gold ETFs
- Currency Trading
- Equity
- Derivatives
Trading Platforms
The Edelweiss trading platforms are not only the best you can find, but also user-friendly and perfect.
Here are the Edelweiss Capital Trading Platforms
The Mobile Trader App
Mobile Trader App from Edelweiss is of premium quality and the highest-rated stock trading app in India.
With a wide range of amazing features that adds extraordinary degrees of efficiency to trading activities, Mobile Trader is among the frequently used mobile-oriented trading platforms in India today.
With Mobile trader, Edelweiss customers can trade on the go using their mobile phones.
The Traders Lounge
The Traders Lounge is a browser-based stock trading platform founded by Edelweiss Capital.
You can access this user-friendly and good tool on your web-browser if you have a functioning and active Internet connection.
The trading software doesn’t require any downloading and installation.
The best part of the software is that you can open it on most of the available web browsers of nowadays.
The Xtreme Trader
This is simply a terminal-based trading platform that traders have to download and install on their laptops or desktops.
The Xtreme Trader is particularly designed for high level traders and investors who are engaged in trading for the greater part of the day and have a permanent system for this purpose alone.
Edelweiss Securities Brokerage Plans
There are three different brokerage plans you can choose from on Edelweiss platform to suit your trading requirements.
The Online Trading Discount Brokerage Plan
The exceptional online trading plan is for traders and investors who have the ability to trade online with the tools offered and with bare minimum support from the broker.
Online trading discount brokerage plan is offered to some chosen customers and the terms of use can be altered without prior notice to clients.
However, it allows for trading at an extremely reduced brokerage fee.
Standard Plan
The standard plan attracts a fraction of the trade value as the brokerage charges.
It is a full-service plan that provides bespoke trading experience by offering investors and traders relationship managers without extra charges.
Prepaid or Advanced Subscription Plans
With this plan, clients will deposit a bulk sum of money for one year.
Prepaid or Advanced Subscription Plan is meant for dynamic traders who also obtain superior control, individual relationship manager, reduced brokerage fees, and free research & training all embedded in the plan itself.
Conclusion
If you want to start a successful stock trading journey in India, you must start by first looking for the major stock brokers in India to partner with.
Once you have gathered your list, do the comparison to choose the best stock broker in India.
Make sure your choice of full-service stock brokerage company has all it takes to make you succeed in stock trading.
Also, the best way to go about it is to diligently consider the fundamental features of these so-called full-service stockbrokers and your requirements before choosing a stock market broker in India for you.
Bear in mind that your choice of stock broker in India can make or mar your stock trading success.
To simplify the process, we have researched the major stock brokers in India for you.
Get in touch with any of these full-service brokers to ask about their investment products and consider their charges as well.
Choose the stock broker in India that best suits your trading requirements.
