The best Full service brokers in India offer trading services and include features such as Trade, advisory, and asset management, as well as other services. There are numerous stock brokers in India who are classified as traditional or full service brokers, and the type that is brought into the spotlight is known in the category of discounted brokers. Full-service brokers include Motilal Oswal, Kodak Security, ICICI direct, etc. The best discount brokers in India are Zerodha, SAS online, RKSV(Upstox), etc. Full service brokers provide 3 in 1 account.
The basic difference between the broker and Full-Service Brokers is the extra service provided by the full-service brokers like advisory, Mutual funds buy and sell, Research reports on fundamentals, etc. The traditional share brokers in India offer brokerage as well as advisory. In addition, they offer other offerings including portfolio management services (PMS) Service reports of the companies, and research tips. While discount brokers don’t provide advisory.
A few concerns related to Full Service Stock Brokers in India
- Many of them rely on the trading platforms offered by NSE.
- The brokerage charges are more expensive than discount brokerages in India.
- A majority of their operations are offline in nature.
- Since they offer higher brokerage charges, large numbers of traders choose discount brokers in India.
- They can be extremely beneficial to beginners who aren’t well-informed about market trends. They help them understand the best trade opportunities.
Services Offered by the Best Full Service Brokers in India
- Research Reports
- Tax Tips
- A Relationship Manager,
- Retirement Planning
List of 5 Best Full Service Brokers in India
- Angel Broking
- ICICI direct.com
- Axis Direct
- Share Khan
- HDFC Securities
It was founded in 1987. It is a member of BSE, NSE, MCX, and NCDEX. Angel broking’s head office is in Mumbai, India, and the best stock broker in India. It is also a registered participant in the Depository Participant with CDSL. Angel SpeedPro, Angel Trade, Angel Eye, Angel Lite, and Angel Swift are five trading platforms that are offered by Angel Broking. It is a reputable network in India with more than 8500 sub-brokers and many franchises in various Indian cities.
ICICIdirect.com is the first broker in India to launch Digitally Signed Contract Notes to clients. With ICICIdirect.com you can forward your trade on NSE in addition to BSE. ICICI Securities has 250 offices spread across 66 cities in India to expand its network and encourage customers to open an account. It also offers guidance programs to guide you through the wide range of financial instruments, including derivatives, shares and Mutual funds, Initial Public Offerings, and Insurance. Trade Racer is the trading platform for ICICI Direct
Its mobile app for trading lets you trade-in equity, options, and futures quotes, monitor your portfolio, and other market movements, get live researched live calls from research and place an order in line with market conditions.
The Broking company is an additional part of Axis Bank Ltd. It was established in the year 2006. Exchange enabled with this broker includes NSE, BSE and it is a Depository Participant in NSDL. It is able to trade in different markets, including Equities, Derivatives, Mutual Funds, IPOs, Bonds ETFs NCDs as well as FD. However, this broker does not allow trading in the commodity and currency segments.
Axis Direct offers 3-in-1 Online Investment Account which is Savings Account, Demat Account, and Trading Account all combined into one account.
The Axis Direct Mobile Application allows you to trade fast with multiple watch lists, and charts for intra-day trading, real-time streaming quotes, etc.
Sharekhan – Best Full Service Broker in India
ShareKhan was established by the SSKI group in 2000. It is among the most popular stock brokers in India. This full-service broker has an extensive network of over 13 lakh clients as well as franchises and 1800 office locations across India. It offers equity-related services such as F&O as well as equity cash-on NSE and BSE commodity trading through MCX as well as NCDEX and also investment advice that allows you to put money into mutual funds as well as an IPO.
Sharekhan provides excellent support that includes live chat, email, and even live chat.
To begin trading with Sharekhan first, you have to open a trading account and best Demat Account with Sharekhan Ltd. It is a Depository participant that has NSDL in addition to CDSL.
Trade Tiger is the online trading platform for Sharekhan. It is a trusted platform. Market Watch is accessible on a single screen. Single platform for multiple exchange BSE & NSE (Cash & F&O), Mutual Funds, IPOs, etc.
It was established in the year 2000. Since this broker is a part of the well-known HDFC bank, HDFC Securities provides its clients the option of trading using a 3-in-1 account that includes trading, demat along with saving account. HDFC Securities is one of those stock brokers that has extensive coverage across India. With 250 branches across more than 185 cities across the nation, they have a record of serving 20 lakh clients today. The company allows traders to deal in one of the following categories such as currency, equity, and IPOs, mutual funds fixed deposits and insurance, and NRI bonds. It also offers a variety of loan options, based on securities. Its terminal-based platform is known as BLINK. BLINKand it is recognized for executing share transactions with high speed.
HDFC Securities mobile app comes with wonderful features. The app is available across 11 Indian regional languages. It lets you trade in derivatives and equity with just a click.
Hope this article will help you to choose the best full-service brokers in India. Like we said earlier the advice of the experts will always come as a source of help whenever anyone is facing a problem. A full-service broker helps in investment and also assists investors to gain the amount of wealth by trading.