You can consider a full-service broker if you trade or invest occasionally, not doing more than 3-4 transactions per month.
If you are a cost-conscious regular trader, then go only with a discount broker like Zerodha.
Full-service brokers charge a percentage (0.1% to 0.5%) of the transaction value as brokerage. The brokerage amount will only be a few hundred rupees if your investment is 10,000-15,000. But if your investment is more than 1 lakh, the total brokerage amount will be huge.
If you buy stocks worth Rs. 1 Lakh every month, that means Rs. 12 lakh in a year, you may end up paying 0.5% brokerage that comes out to Rs. 6000 plus taxes.
The advantage with full-service brokers is – they have an in-house research team that provides research reports, stock trading tips, training for trading, a dedicated manager for addressing your queries and even stock recommendations.
You can learn from them, but I wouldn’t advise you to follow them blindly because the recommendations are not full-proof.
Seamless flow of funds between trading and bank account
Depth of research
Customer support
Brokerage
You can read on for a detailed review of the 11 best full-service brokers in India 2022.
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Best Full Service Broker in India 2022
#1. IIFL Securities Full Service Broker Review
IIFL Securities is good for investors who need guidance and research support while making investment decisions. You would get good customer support from the IIFL team. In fact, more than 40 lakh customers trade with IIFL Securities Ltd.
You would need to pay a percentage based brokerage. The 3 different brokerage plans available include Investor plan, Super Trader plan and Premium plan.
IIFL Securities also offers value-added services like –
Research advisory
Market & sector reports & Information
Options Trading Using Sensibull
Mutual Fund Investment
Wealth & Financial Management
NRI Services & Investment Banking
You can open an IIFL Demat account for Free along with zero AMC charges for the first year.
IIFL Account Opening Charges
Account opening charges – Rs 250 (limited time offer FREE)
First-year annual maintenance charges – Rs 0
Annual maintenance charges second year onwards – Rs 250 (less than other full-service brokers)
IIFL securities offer 3 different accounts for all customer needs. Investor plan (online plus), Super trader plan (Pro traders) and Premium plan (dedicated RM).
Plan Name
Investor Plan
Super Trader Plan
Premium Plan
Equity Delivery
0.25%
0.10%
0.50%
Intraday
0.025%
0.01%
0.05%
Options (per lot)
Rs 25
Rs 10
Rs 50
Commodity / Currency Trading
0.025%
0.015%
0.05%
Currency Options (per lot)
8
5
10
Currency Futures (per lot)
20
15
25
Benefits of IIFL Demat Account
Free account opening & zero first year AMC
Different brokerage plans for various needs
Research reports on 500+ stocks, sector summary, daily stock tips and recommendations
Value-added services like IPO & mutual fund investment.
Angel Broking is a 30 years old full-service stockbroker with a flat brokerage of Rs. 20 per trade. Flat brokerage rates can save huge money if you trade high volumes.
However, their value-added services are limited to stock advisory, investment in bonds (corporate, tax-free, NCD & govt bonds), and loans against shares.
Angel Broking offers an ARQ intelligence tool for checking stock performance and portfolio health.
Brokerage Charged by Angel Broking
Trading Segment
Brokerage Charges
Equity Delivery
Rs. 0
Equity Intraday
Rs. 20 per trade or 0.25% (whichever is lower)
Futures – Equity, Commodity, Currency
Rs. 20 per trade or 0.25% (whichever is lower)
Options – Equity, Currency, Commodity
Rs. 20 per order or 0.25% (whichever is lower)
Account opening and AMC Charges
Particulars
Charges
Trading account opening charges
Rs. 0
Demat Account
Rs. 0
Annual maintenance charges
First Year – Free Second Year onwards – Rs. 20 per month
Sharekhan has two decades of industry presence with 2 million customers and handling 1.5 million trades per day.
For traders, Sharekhan has smart search and investment pattern finder & alert tools to filter and identify potential stocks. Their value-added services include portfolio management, loan against shares and investment in mutual funds.
Trade Tiger trading platform comes in two versions; Trade Tiger Basic for individuals and Trade Tiger Advanced for professional traders.
You can use the advanced charts, stock filter and watchlist to trade stock on a real-time basis.
#2. Sharekhan Mobile App
Sharekhan mobile trading app helps you trade with the help of stock tips, charts, technical indicators and flexible search features.
#4. ICICI Direct Stock Broker Review
ICICI Direct is an online broking brand of ICICI Bank. The full-service stock broker offers a wide range of banking products along with stock broking facilities.
Through ICICI Direct, you have access to loans (auto, home), insurance, eLocker, NPS, IPO, mutual fund investment, investment advisory and wealth management services.
Brokerage fees charged by ICICI Direct
ICICI Direct has four brokerage plans
iSecure Plan
Prepaid Brokerage Plan
ICICI Direct Prime
ICICI Direct Neo Plan
1. Brokerage charges for the i-Secure plan
A variable percentage of brokerage is charged on the basis of quarterly turnover.
Trading Type
Brokerage Charges
Equity Delivery
0.55% (including buy and sell)
Equity Intraday
0.275% ( the second leg is not charged)
Equity Futures
0.050% plus a flat brokerage of Rs. 50 on the second leg
Equity Options
Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg
Currency/ Commodity Futures
Rs. 20 per order
Currency Options
Rs. 20 per order
The brokerage for Margin and Margin Plus under the i-Secure Plan is 0.050%.
2. Brokerage charges under Prepaid Brokerage plan
Prepaid value
Delivery Brokerage
Intraday/ Futures
Equity Options
Currency F&O and Commodity Future
Rs. 5,000
0.25%
0.025%
Rs. 35 per lot
Rs. 20 per order
Rs. 12,500
0.22%
0.022%
Rs. 30 per lot
Rs. 20 per order
Rs. 25,000
0.18%
0.018%
Rs. 25 per lot
Rs. 20 per order
Rs. 50,000
0.15%
0.015%
Rs. 20 per lot
Rs. 20 per order
Rs. 1,00,000
0.12%
0.012%
Rs. 15 per lot
Rs. 20 per order
Rs. 1,50,000
0.09%
0.009%
Rs. 10 per lot
Rs. 20 per order
3. Brokerage charges under ICICI Direct Prime plan
Prime Plan
Scheme validity
Delivery brokerage
Intraday/ Futures
Equity Options
Currency F&O and Commodity Future
Rs. 299
365 days
0.27%
0.027%
Rs. 40 per lot
Rs. 20 per order
Rs. 999
365 days
0.22%
0.022%
Rs. 35 per lot
Rs. 20 per order
Rs. 1,999 Rs. 2,999
365 days 365 days
0.18% 0.15%
0.018% 0.015%
Rs. 25 per lot Rs. 20 per lot
Rs. 20 per order Rs. 20 per order
4. Brokerage charges under ICICI Direct Neo plan
Neo Plan Subscription fee
Rs. 299 (one time)
Trading Type
Brokerage Charges
Equity Intraday
Rs. 20 per order
Equity Futures
Rs. 0 per order
Equity Options
Rs. 20 per order
Commodity F&O
Rs. 20 per order
Currency F&O
Rs. 20 per order
The brokerage in F&O will be charged on both legs under the Neo plan.
Account opening and AMC Charges
You need to have an existing savings bank account with ICICI Bank to open a 3-in-1 (trading + demat + savings) account.
Charges for opening an account are as under
Particulars
Charges
Trading and Demat account opening charges
Rs. 0
Trading account annual maintenance charges
Rs. 0
Demat account annual maintenance charges
Rs. 700
ICICI Direct Trading Platforms
ICICI Trade Racer platform is packed with advanced tools like Trend Scanner and “Heat Maps” for analyzing markets and spotting stocks.
The platform gives you fundamental and technical calls while trading (iClick2Gain tool).
You get industry-best solid research advisory at Motilal Oswal. They have a repository of 30,000 reports covering markets, economy and 260+ stocks across 21 sectors.
Motilal Oswal’s value-added service includes the facility to invest in gold ETFs, fixed income instruments, bonds, IPO, mutual funds and portfolio management (PMS) services.
Brokerage, Admin and AMC fees charged by Motilal Oswal
Motilal Oswal offers three types of plans. The brokerage details under each plan are as under;
Value Pack
Value Amount
Delivery
Intraday (on each leg)
Futures Equity & Currency (on each leg)
Futures Commodity (on each leg)
Options Equity (per lot on each leg)
Options Currency (per lot on each leg)
Rs. 2000
0.40% (min 2 paise)
0.040%
0.040%
0.030%
Rs. 50
Rs. 20
Rs. 3000
0.35% (min 2 paise)
0.035%
0.035%
0.025%
Rs. 45
Rs. 18
Rs. 5000
0.30% (min 2 paise)
0.030%
0.030%
0.020%
Rs. 40
Rs. 15
Rs. 10,000
0.25% (min 2 paise)
0.025%
0.025%
0.015%
Rs. 30
Rs. 12
Rs. 30,000
0.20% (min 2 paise)
0.020%
0.020%
0.010%
Rs. 25
Rs. 11
Rs. 50,000
0.15% (min 2 paise)
0.015%
0.015%
0.008%
Rs. 25
Rs. 10
Rs. 1,00,000
0.10% (min 2 paise)
0.010%
0.010%
0.007%
Rs. 20
Rs. 8
Admin charges under the value pack for all the slabs are Rs. 199 from the first year itself.
The AMC charges are NIL for the first year. From the second year onwards the charges are Rs. 299 per annum.
Margin Scheme
Margin Up to
Delivery
Intraday (on each leg)
Futures Equity (on each leg)
Options Equity (per lot)
Currency F&O (per lot)
AMC Charges p.a
Admin Charges p.a
Rs. 9,999
0.50% (min 5 paise)
0.050%
0.050%
Rs. 100
Rs. 20
Rs. 800
Rs. 199
Rs. 10,000 to 24,999
0.50% (min 5 paise)
0.050%
0.050%
Rs. 100
Rs. 20
Rs. 299
Rs. 199
Rs. 25,000 to 49,999
0.40% (min 3 paise)
0.040%
0.040%
Rs. 75
Rs. 20
Free
NIL
Rs. 50,000 to 99,999
0.03% (min 3 paise)
0.030%
0.030%
Rs. 70
Rs. 20
Free
NIL
Rs. 1 lakh to 2,99,999
0.25% (min 3 paise)
0.025%
0.025%
Rs. 50
Rs. 20
Free
NIL
Rs. 3 lakh to 4,99,999
0.02% (min 2 paise)
0.020%
0.020%
Rs. 40
Rs. 20
Free
NIL
Rs. 5 Lakh
0.015% (min 1 paise)
0.015%
0.015%
Rs. 25
Rs. 20
Free
NIL
Margin Up to
Commodity Futures (on each leg)
Rs. 9,999
0.04%
Rs. 10,000 to 24,999
0.04%
Rs. 25,000 to 49,999
0.04%
Rs. 50,000 to 99,999
0.03%
Rs. 1 lakh to 2,99,999
0.02%
Rs. 3 lakh to 4,99,999
0.02%
Rs. 5 Lakh
0.01%
AMC 999 Plan
Trading Type
Brokerage Charges
Equity Delivery
0.50%
Equity Intraday
0.05% on each leg
Equity Futures
0.05% on each leg
Equity Options
Rs. 100 per lot
Currency Futures and Options
Rs. 20 per lot
Commodity F&O
0.030% on each leg
Admin Charges – Rs. 199 annually
AMC Charges – Rs. 800 annually
Motilal Oswal charges Rs. 999 as demat account opening fee which is waived off. Effectively, you pay zero account opening fees.
Motilal Oswal Trading Platforms
#1. MO Investor
MO Investor is for long-term investors with tools like Robo wealth and ACE features that assist with investment strategies.
#2. MO Trader
MO Trader is for advanced traders packed with research reports, 19 screeners, Trade Guide Signal, Option Writer and Option Decoder.
#3. MO Investor App and MO Trader App
MO Investor and MO Trader app helps you trade on your smartphones. They are a miniature version of their corresponding full-fledged trading platforms.
HDFC Securities is a full-service stockbroking outfit of HDFC Bank. HDFC Securities offers a 3-in-1, 2-in-1 and 1-in-1 account for traders and investors.
The value-added services include research advisory, loan products (auto, home, personal & education), bonds, gold, ETF, insurance and NPS investments. HDFC Securities also offer you the facility to invest in U.S. stocks.
HDFC Securities brokerage charges
HDFC Securities has a percentage based brokerage charge.
Segment
Brokerage Charges
Equity Delivery Trades
0.50% (for both buy and sell orders) OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell)
Equity Intraday Trades
0.05% (for both buy and sell orders) OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell)
Equity Futures
0.025% OR a minimum of Rs. 25, OR Maximum of 2.5% on transaction value (both buy and sell)
Equity Options
Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
Currency Futures
Brokerage of Rs. 12 per contract on each side
Currency Options
Brokerage of Rs. 10 per contract each side
Commodity Futures
0.020% or minimum Rs.20 per order
Commodity Options
Rs.100 per lot
HDFC Securities account opening and AMC charges
Type of account
Number of days to open an account
3-in-1 (Savings + Demat + Trading)
5 days
2-in-1 (Savings + Trading)
4 days
2-in-1 (Demat + Trading)
3 days
1-in-1 (only Trading)
2 days
There are no account opening charges. But, HDFC Securities levy a charge of Rs. 1999 per year for using their trading software “Pro Terminal”.
Below are the details of charges for opening an account:
Particulars
Charges
Trading & Demat Account Opening charges
Rs. 0
Annual Maintenance charges
Rs. 750
In addition to above, if you want to trade in currency derivatives then you need to pay Rs. 250 for activating currency derivatives trading in your account.
HDFC Securities Trading Platforms
#1. HDFC Pro Terminal
HDFC Pro Terminal works on Ajax-based technology and comes at a nonrefundable fee of Rs 1999 for a period of 1 year.
The trading platform packs Advanced Portfolio Tracker, Stock Screeners, News & Sentiment Analysis and RADAR tool.
#2. HDFC Securities App
The HDFC Securities mobile app helps you track live market data, place trades and track all your investments & portfolio.
#7. SBICap Securities Review
SBICap Securities is backed by the largest public sector bank SBI. The full-stock broker offers a 3-in-1 account.
The services and products you can access are decent research advisory, trade calls, loans against securities, home & auto loans and the facility to invest in NCDs, IPO, OFS and mutual funds.
SBICaps Securities brokerage charges
Trading Segment
Delivery Trades
Intraday
Intraday
First Leg
Second Leg
Cash Market (Equity)
0.50%
0.075%
0.075%
Equity Futures
0.05%
0.03%
0.03%
Equity Option
Rs. 100 per lot
Rs. 50 per lot
Rs. 50 per lot
Currency Futures
0.03%
0.015%
0.015%
Currency Options
Rs. 30 per lot
Rs. 20 per lot
Rs. 20 per lot
Account opening and AMC fees charged by SBICap Securities
Particulars
Fees
Account Opening Charges
Rs. 850 plus KRA charges (as applicable)
Account Maintenance Charges
First Year: NIL Second Year Onwards: Rs. 350
SBICaps Trading Platforms
#1. SBISMART Trading APP
SBICaps Securities offers the SBISmart app for online mobile trading where you can place orders, mark funds, create a market watch, trade and manage funds from the app itself.
#2. SBISMART Xpress
SBISmart Xpress is a desktop trading platform loaded with advanced charting tools, heat maps, live streaming of quotes and auto-refreshing of a trade book.
#3. SBISMART Web trading portal
SBISmart trading platform helps traders get company reports and trading calls. You can use advanced stock screeners, heat maps and stock analysis tools while trading.
#8. Edelweiss Stock Broker Review
Edelweiss broking has more than two decades of industry presence with 12 Lakhs clients and Rs. 59,400 crore of client’s assets under management.
You should go with Edelweiss broking if you need guided portfolio investment services. They offer smallcase, guided portfolios and portfolio organizer services.
Other services include investment in mutual funds, ETFs, gold and insurance products.
Brokerage fees charged by Edelweiss Broking
Edelweiss has two brokerage plans on two different broking models – the Lite Plan which is like a discount brokerage offered by Zerodha.
The Edelweiss Elite Plan charges a percentage of turnover, which is similar to other full-service broking.
Particulars
Edelweiss Lite
Edelweiss Elite
Equity Delivery
Rs. 10 per executed order
0.30%
Equity Intraday
Rs. 10 per executed order
0.03%
Equity Futures
Rs. 10 per executed order
0.03%
Equity Options
Rs. 10 per executed order
Rs. 75 per lot
Currency Futures
Rs. 10 per executed order
0.02%
Currency Options
Rs. 10 per executed order
Rs. 20 per lot
You can switch between Lite and Elite accounts. Edelweiss charges Rs. 0 when you switch from Lite to Elite and a fee of Rs. 2500 when you switch from the Elite to the Lite Plan.
Annual Charges collected by Edelweiss Broking
Particulars
Edelweiss Lite
Edelweiss Elite
Account Opening
Rs. 0
Rs. 0
AMC Charges
First Year – Free Second Year onwards – Rs. 300
First Year – Free Second Year onwards – Rs. 500
Edelweiss Trading Platforms
#1. Terminal X3 (TX3) Trading Platform
Edelweiss Terminal X3 helps you trade multiple assets with tools like data analytical tools, 60+ advanced indicators and watchlists.
#2. Edelweiss Mobile Trader
Edelweiss mobile trader app helps to trade in equity, derivatives, and commodity markets with stock advisory and trading tips.
#9. Axis Direct Review
Axis Direct is an online trading & investment brand of Axis Bank. The value-added service includes portfolio tracker & management, advisory services both for mutual funds and stock, ETF, IPO, general insurance and tax planning.
Axis Direct Brokerage plans
Axis Direct has 3 brokerage plans. The charges under each plan are mentioned below.
Plans
Complimentary Delivery Turnover (CDT)
Validity period
Account opening charges
Value Added Subscription fee
Fixed Plan
N.A
N.A.
Rs 999
Rs. 0
Investment Plus Plan
Rs. 3 Lakhs (buy + sell)
6 months
NIL
Rs. 1,500
Now or Never Plan
Rs. 12 Lakhs (buy + sell)
10 years
NIL
Rs. 5,555
Brokerage Rates
Plans
Fixed Plan
Investment Plus Plan
Now or Never Plan
Equity Delivery (each leg)
0.50%
0.50%
0.25%
Equity Intraday (each leg)
0.05%
0.05%
0.03%
Futures (each leg)
0.05%
0.05%
0.03%
Options (each lot/ leg)
Rs. 20
Rs. 20
Rs. 20
Annual charges at Axis Direct
Particulars
Fees
3-in-1 Account Opening Charges
Fixed Plan – Rs. 999 Investment Plus Plan – Rs. 0 Now or Never Plan – Rs. 0
Annual Maintenance Charges
For Axis Bank Customer: First Year: Free Second Year Onwards: Rs. 750 For Non-Axis Bank Customer: First Year onwards: Rs. 2,500
Trading Platforms of Axis Direct
#1. Axis Direct Trade
Axis Direct Trade helps you create multiple customized watch lists, streaming live quotes, market watch, check open positions, pending order status, and MTM values.
#2. Axis Web Trading Platform
Axis Web is an HTML browser-based trading platform that offers a clutter-free “card view” of important trade and news that helps you grasp information at a glance.
The platform gives you access to customized filters, alerts and notifications so that you do not miss any price, news or trade information.
#3. Axis Mobile Trading App
Axis Direct Mobile App helps you trade-in equity and derivatives only. Apart from that you can view live quotes, charts and create watchlists.
#10. Ventura Securities Review
Ventura Securities started stockbroking in 1994 and offers hand-holding, stock advisory and trading tips while trading and investing.
The value-added services include investment in IPO, mutual funds, fixed income securities, NPS and depository services.
Ventura Securities brokerage plans
Ventura Securities charges software (trading platform) access fees. The brokerage rates for different amounts of access charge is in the table below.
The amount of software access fees, which is refundable, is lower of
To the extent of the brokerage generated
The maximum refundable amount as indicated in the table below
Brokerage Plan Types
Access Charge (in Rs.)
Mobile Markets
Max Refund Amt (in Rs.)
Period
Delivery
Intraday (Equity & Equity Futures) Charged one leg only
Equity Options Rs. per lot
1000
No
1000
1 year
0.45%
0.05%
Rs. 100
2000
No
2000
1 year
0.35%
0.04%
Rs. 100
3500
No
3500
1 year
0.20%
0.03%
Rs. 100
5000
No
5000
1 year
0.17%
0.025%
Rs. 100
7500
No
7500
1 year
0.15%
0.02%
Rs. 100
9999
Yes
9999
1 year
0.15%
0.02%
Rs. 100
10,000
Yes
10,000
6 months
0.15%
0.015%
Rs. 100
18,000
Yes
18,000
1 year
0.15%
0.015%
Rs. 100
15,000
Yes
15,000
6 months
0.13%
0.0125%
Rs. 100
25,000
Yes
25,000
1 year
0.13%
0.0125%
Rs. 100
20,000
Yes
20,000
6 months
0.10%
0.01%
Rs. 100
30,000
Yes
30,000
1 year
0.10%
0.01%
Rs. 100
40,000
Yes
43,000
1 year
0.10%
0.01%
Rs. 70
50,000
Yes
55,000
1 year
0.10%
0.01%
Rs. 60
72,000
Yes
80,000
1 year
0.10%
0.01%
Rs. 50
Currency Derivatives – Rs. 20 per lot on a single leg of the transaction.
Commodity Trading Brokerage
Yearly Software Access Charge (in Rs.)
Commodity Futures (brokerage slabs – both sides)
Commodity Options
1000
0.0200%
Rs. 100 per lot
3500
0.0150%
Rs. 100 per lot
5000
0.0100%
Rs. 100 per lot
7500
0.0090%
Rs. 100 per lot
10,000
0.0080%
Rs. 100 per lot
15,000
0.0075%
Rs. 100 per lot
20,000
0.0070%
Rs. 100 per lot
25,000
0.0065%
Rs. 100 per lot
30,000
0.0060%
Rs. 100 per lot
40,000
0.0055%
Rs. 100 per lot
50,000
0.0050%
Rs. 100 per lot
75,000
0.0040%
Rs. 100 per lot
1,00,000
0.0030%
Rs. 100 per lot
Account opening and AMC charges at Ventura Securities
Particulars
Plan A
Plan B
Plan C
With POA
Without POA
With POA
Trading Account Opening
Nil
Nil
Nil
Demat Account Opening (Refundable Deposit)
Nil
Nil
Rs. 3000
AMC Charges
Nil
Nil
Nil
Ventura Trading Platforms
#1. Ventura Pointer
Ventura Pointer gives access to live market watch, market summary and exchange messages. You can create a watchlist and customize the trading window. But you need to use the dropdown menus and function keys to access order book and trade.
#2. Ventura Wealth & Ventura Commodities Mobile Apps
Ventura Securities has two apps – Ventura Wealth app for trading in equity, equity derivatives, and currency derivatives.
Whereas, Ventura Commodities helps you trade only in commodities.
#11. Religare Broking Review
Religare Broking is a subsidiary of Religare Group offering stockbroking services to 10 Lakhs clients. However, their value-added services are limited to research advisory, investment in mutual funds, and NPS.
Religare Brokerage charges
Trading Segment
Brokerage Charges
Equity Delivery
Maximum – 2.5% Minimum – 25 paise
Equity Intraday
Maximum – 2.5% Minimum – 25 paise
Equity Futures
Maximum – 2.5% / Rs. 100 per lot
Equity Options
Maximum – 2.5% / Rs. 100 per lot
Currency Futures & Options
Maximum – 2.5% / Rs. 100 per lot
Commodity Futures (BSE/ MCX/ NCDEX)
Maximum 2.5% of the premium amount
Commodity Options (MCX)
Maximum 2.5% of the premium amount or Rs. 250 per lot, whichever is higher
Commodity Options (BSE/ NCDEX)
Maximum 2.5% of the premium amount or Rs. 100 per lot, whichever is higher
Religare Annual fee and Account opening charges
Particulars
Charges
Demat Account Opening Charges
Rs. 0
Trading Account Opening Charges
Rs. 0
Annual Maintenance Charges
Normal AMC Plan – Rs. 400 per annum
Bandhan AMC Plan – NIL AMC, if you keep a refundable interest free security deposit of Rs. 2500.
Bima AMC Plan – NIL AMC, if you pay a non-refundable one-time subscription fee of Rs. 1,111.
Account Processing Fee
Rs. 500
Religare charges Rs. 999 for EXE. based DIET trading platform.
Religare Trading platform
#1. Religare Web Portal
The Religare web portal can be accessed on PC, mobile and laptop that has an internet connection. The platform helps you trade-in equity, F&O, currency and commodities.
#2. Religare DIET ODIN
Religare ODIN (Open Dealer Integrated Network) is powerful yet stable and is still in use with few of the older broking firms.
DIET ODIN platform integrates back office, DP and risk management services which makes it fast and reliable.
#3. Religare Dynami
Religare Dynami is a mobile app-based platform that gives you a trading notification, detailed investment ideas with a facility to place orders from the research section.
You can create personalized watchlists, do instant fund transfer and view real-time charts on the app.
Factors to Consider While Opening Account With Full-Service Broker in India
#1. Your Investment & Trading Needs
Every individual has different financial goals and needs. Some may have short-term needs that can be fulfilled by trading whereas others may have long-term goals of building a wealth corpus who may like value investment.
You may be in need of other services simultaneously like mutual fund investments, tax planning, loan (auto & home), NPS, insurance, smallcases, portfolio and wealth management services.
So, before you pick your full-service broker you need to check your investment requirements and then find a broker who fulfills them.
#2. Existing Financial Relationship
A lot of banks (both public and private) offer full-service broking services through their subsidiaries.
So, if you already have an existing banking relationship, then it makes sense for you to enquire whether they can provide you with a trading facility.
This way you will not need to open accounts (demat, trading & bank) at different companies but can maintain all your financial transactions with a single entity.
#3. Brokerage Charges
Almost all of the full-service brokers will charge you a percentage based brokerage fee on the trade volume (share price x number of shares).
You need to check your investment needs and the money that you can pay as brokerage fees. The value proposition will be to pay in line with the investment support you need.
#4. Trading Facilities
Finally, you need to check the trading tools offered. The trading facilities need to help you transfer funds, trade without hiccups and manage your money and stock portfolio efficiently.
The platform should help in market study and assist in strategy building. Moreover, the platform should be available across different kinds of devices like PC, laptops & smartphones and should be easy to use.
Conclusion
Full-service stockbrokers can guide you in wealth building and fruitful investing. But, you need to know your trading needs first.
If you are looking for a low cost full-service broker with research advisory and trading tips, then you can open an account with Angel Broking. You need to pay a flat brokerage of Rs. 20 per trade with Angel Broking. Their other value-added services are limited.
If your goal is long-term wealth-building based on solid research expertise, it can be fulfilled by Motilal Oswal. They have a dedicated in-house research team to back all your investment needs.
If you are looking for an integrated banking and broking service, then you can go with HDFC Securities.
You can open a single Demat or a trading account, 2-in-1 and 3-in-1 account. HDFC Securities offer various value-added services including the option to invest in U.S. markets.
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1 thought on “11 Best Full-Service Brokers in India 2022”
I want to open account for trading.First time I will doing this.Plz update with service and charges.
I want to open account for trading.First time I will doing this.Plz update with service and charges.