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Introduction

Investing in the stock markets indeed involves a fair bit of risks. However, if done diligently and with proper research, it can yield reasonable returns over the long run. It is for this reason that more and more individuals participate in the share market trading every day. As per a report, as many as 10.4 million Indians have started trading online since COVID-19 began.

You can also start online share market trading and grow your wealth in the long run. However, to start investing in the stock markets, you need to have asavings account, Demat account,and a trading account with a stock broker. You can also open a 3 in 1 account with a stock broker to access all these facilities under a single account.

Below is a list of the five bestdemat& trading accounts bytop Indian stock brokers selected on the basis of their popularity and the services they provide:

1.ICICI Direct

ICICI Direct is one of the best stock brokers in India. Being a full-service stockbroker, it offers its clients a wide range of investment and advisory services. Trusted by more than 50 lakh customers, ICICI Direct is India's largest retail stockbroker and financial product distributor.

You can visit its website to get access to a bunch of investment products, including the stock markets, mutual funds, fixed deposits, bonds, derivatives, etc. ICICI Direct provides you with investment ideas and recommendations from their award-winning research team, as well as advisory services at nominal costs. You can also learn the basics of investing and share market tradingthroughinvestonomics.

To begin your online share trading journey, you can open a free Demat&trading account with ICICI Direct. You can also download their Market app – which is their share market trading app and money app to invest in mutual funds, bonds etc. You will even get a free brokerage of Rs. 500 and thereafter, you can choose from multiple brokerage plans as per your requirement.For example, you can choose Neo brokerage plan which offers zero brokerage on Futures and a flat Rs. 20 brokerage on options & intraday trading. They have various brokerage plans for you to choose from as per your requirement which even cater to NRIs

2.Kotak Securities

Kotak Securities is another full-time stockbroker in India with a 10 to 12 lakh customer base. It is amongst the top  Indian stock brokers, managing more than 5 lakh trades every day. Kotak Securities is also a depository participant with the NDSL and CDSL.

Apart from offering an online share trading facility, Kotak Securities also offers financial products and services to their customers. You can invest in equity, commodities, currencies, futures, and options by opening a Demat account with them. You can also get market alerts, stock recommendations, and research reports by opting for a premium account.

Although Kotak Securities does not charge anything for opening a demat account, it charges account maintenance fees of Rs. 600 and plan fees of Rs. 499 per annum.

1.Angel One

Angel One is one of the most popular stock brokers in India. The USP of this stock broker is that it provides a wide range of investment and share trading services at very affordable prices. With Angel One, you can invest in equities, mutual funds, commodities, currencies, and derivatives.

You can open a free Demat account with Angel One. However, you might have to pay the account maintenance charges of Rs. 240 per annum. It charges flat Rs. 20 for calls and trades in the stock markets.

2.Zerodha

Zerodha is the first discount stock broker on this list. It is known for bringing in the concept of discount broking in India. Zerodha is counted among the best stock brokers in India but since it’s a discount stockbroker, it offers only limited facilities to its customers.

The primary facility offered by Zerodha is online share market trading. Being 100% web broker, it offers some great features, such as low brokerage and high exposure.

You can open an online Demat account with Zerodha by visiting its website or downloading the smartphone application. However, the account opening charges and trade brokerage charges are a bit high as compared to others.

3.Upstox

Upstox is another big name in the field of discount broking in India. Like Zerodha, it allows you to open an online Demat account and start your online share trading journey. Equity delivery is free while options and calls are chargeable at Rs. 20 per call.

However, Upstox does not provide advisory services and stock recommendations. So, if you are relatively new to the stock market, you can opt for full-service brokers, such as ICICI Direct or Kotak Securities.

To Conclude

These are the five best stock brokers in India. You can open a Demat account with any of them and start trading in the share market. Your choice should be based on several factors, such as brokerage, trading platform, advisory services, account opening procedure, and customer support.

REFERENCES:

https://www.chittorgarh.com/report/top_20_share_brokers_in_india_by_clients_at_nse/1/

https://www.deccanchronicle.com/in-focus/030122/best-share-market-brokers-in-india.html

https://www.thebeststockbroker.com/

https://select.finology.in/broker

https://www.theweek.in/news/biz-tech/2021/11/26/top-stock-brokers-in-india-that-are-ruling-the-indian-share-mark.html

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