Whether you are a new investor looking to invest in stock or a seasoned trader looking to make big gains, it is necessary to choose the best stockbroker for your needs. Apart from being a prerequisite for investment in stocks, a broker largely acts as a partner for both traders and investors in various aspects of stock investment.
Choosing a reliable stockbroker is not just about choosing any broker but taking into consideration a number of things from brokerage to applicable charges, client support, margin funding, and others. So, here is a stock broker comparison report that would encompass all the leading stockbrokers in India.
Groww
Grow is one of the fastest-growing stock brokers in India. It was initially started as a mutual fund investment platform by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, ex-Flipkart employees in 2017. The stockbroker has become the no.1 choice of a large number of investors in just a span of 7 years. Due to its advanced features and exceptional client support, Groww is a preferred choice among traders and investors. You can use Groww margin calculator to calculate the margin exposure provided by Groww.
Zerodha
Founded in 2010, Zerodha is the no.1 discount broker in India. It was started by Nitin Kamath and Nikil Kamath. The stockbroker became popular by launching a flat-brokerage model for traders and investors. Apart from offering competitive brokerage, Zerodha is known for its advanced trading platforms, free equity delivery trading, and great support. Zerodha offers a margin of up to 20% of trade value for intraday trading. However, for F&O intraday trading, it is 1.3 x across equity, commodity, and currency across BSE, NSE, and MCX.
5Paisa
In the field of reliable stockbrokers, 5Paisa is a prominent name. Started by the founders of IIFL, 5Paisa has come a long in the field of discount broking. It allows traders and investors to trade in equity, commodity, and currency at NSE, BSE, and MCX. The stock broker charges a standard brokerage of Rs. 20 regardless of the trade volume, category, or exchange. 5paisa margin is up to 20% of trade value (max 5x leverage) for intraday trading given the specific stock.
Angel One
Angel One is a leading stockbroker that enables traders and investors to trade in stocks, mutual funds, and other financial products. Started in 1996 as a conventional stock broker, it has transformed itself into a technology-based market pioneer in 2019 by launching a smart and intuitive mobile trading application. It has become a leading full-service broker in India for active clients and meets the needs of both traders and investors with wide-ranging features to help achieve diversified financial goals. Angle One has a margin of 1x for equity delivery and 4x for equity intraday, futures, and options.
Upstox
Upstox is another popular name in the discount broking segment. It is a leading choice for both new and seasoned traders and investors. Supported by a group of investors like Kalaari Capital, Ratan Tata, and GVK Davix, 5Paisa enables traders and investors to invest in equities, currency, commodities, futures, and options. Upstox offers the Margin Trading Facility (MTF) at the interest rate of Rs 20/day for categories of Rs 40,000.
The Conclusion
If you are looking for a reliable stock broker comparison before making any investment, you can refer to the aforementioned information for better decision-making. You can even use online brokerage and margin calculator to take a deep dive into these brokers. According to experts, calculating brokerage and margin beforehand is a great way to avoid incurring losses in the long run.
