Best Full-Service Brokers in India
There are two kinds of brokers in the stock market industry. Each of the brokers have unique features.
A full-service broker
A discounted broker
Who is a full-service broker?
Your day-to-day broker is the full-service broker. A full-service broker offers all types of assistance to its customers. However, the brokerage charge might be higher.
Next, we will discuss the types of assistance.
The broker has 1,000 plus branches
Expert advice on research and stock tips
The users will receive a dedicated managing team
Live customer support is available all around the clock
Training sessions available for all the clients
A trader can invest in multiple assets
Access to the in-house research team
Points to Consider
The parameters include:
A user can easily transfer funds from trading to the bank account
Research articles
The broker offers various reports and tips.
An established customer support
Limited brokerage charge
The type of trading applications they provide
Their market experience
Angel Broking
Angel Broking is a 30-year-old full-service broker. Previously, it was known as Robo Advisory Services. The number of active clients is 12 lakhs+. The complaint percentage is as low as 0.07%.
Key points of the broker:
Old and trustworthy full-service broker
The flat brokerage of Rs 20/ trade
A flat brokerage charge saves a lot of money
The customers can use need mobile applications.
Sharekhan
Sharekhan has industry experience of 20 years with two million-plus happy clients. The broker monitors 46,000 crores of client assets. Thus, Sharekhan is one of the best full-service brokers in India.
The key points include:
The users can seamlessly access the Trade Tiger
Offers services both for beginners and professionals
Value-added services include portfolio management, data investment in mutual funds, and loan
Sharekhan offers various services like trading in commodities and mutual funds.
In the trading applications, you can also develop your portfolio.
An exclusive smart investment pattern finder
Alert tools for notifications
The broker resolves queries as quickly as possible.
IIFL or India Infoline
IIFL Securities Ltd holds the 3rd position amongst the best full-service brokers in India. The Demat account is safe for all the traders who want assistance in making judgments.
The key points include:
A happy client base of 3 lakh customers
Low complaint percentage - 0.04
The mobile application offered by the broker has a rating of 4.4 in the app stores.
IIFL offers a total of three trading plans which are unique.
ICICI Direct
The ICICI Bank owns this retail stockbroker,. While trading with the broker, you can use numerous trading tools and instruments.
The key points include:
Three brokerage plans; I-secure plan, ICCI direct Neo, and Prepaid Brokerage Plan
A client database of 12 lakh+ happy customers
Low complain percentage of 0.02%
Traders can easily avail home loans, auto loans, insurance, NPS, and mutual funds.
All types of Indian traders trust ICICI Direct due to its lineage.
Motilal Oswal
Whenever you are trading with the broker, you will receive advanced facilities and expert tips. Motilal Oswal will also have access to economic charts, 230 stocks across 21 industries.
The key features include:
Motilal Oswal provides a couple of investment plans for various traders
Motilal Oswal mobile trading application is one of the most downloaded trading applications
The users can access portfolio management services and IPO.
Number of happy clients is about five lakhs
The complaint percentage is about 0.05.
The users can easily access 20000 plus financial reports.
Conclusion
In brief, we have tried to discuss all the necessary points of a full-service broker. Some of the top full-service brokers and their details are available in the article.
Before selecting a broker, you must go through the parameter carefully.
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