Over a period of time we have seen a pattern and after analyzing 100’s and 1000’s of data points, over this period we have seen that there are only 5 traits that any client should consider when choosing a suitable brokerage firm. We have created a ranking and points system for all these brokers that covers these 5 main factors. Let’s look at these five factors before finalizing a brokerage:
Research, advice and review of stock tips
The dream of every client is to find a brokerage house with the best research and advisory team that can perfectly predict the performance of all stocks. It is quite impossible to find someone like all the brokerages that sell themselves as the best research firm, but only a few actually offer 40-50% accuracy in their stock advice.
Brokerage Charge and Margin Fee Review
Once again, an extremely important trait. Many clients choose to go with this segment of brokers as they do not want to hand over a large volume of money as brokerage to the third party company. Too many brokerage concerns have given rise to discount brokers and they are extremely helpful to the trading community as they used to have to pay a lot of money as a brokerage but now it is down to 1/5 of the amount.
Review of products and services
These two characteristics of any stock brokerage house play a critical role in driving business. All of the major full-service brokers provide many products and services to their clients that help them manage their investments. All discount brokers provide most of the products available in this industry, but they do not provide any services and that is why they charge very low brokerage to their clients.
Trading Platform Review
Another very important product to look for when choosing a broker is the trading platform. Choosing a good trading platform is very helpful; a poor trading platform can lead to a huge loss of opportunities due to errors or slow ordering speed or lack of efficiency. Also, it is very important to understand that the broker must provide trading tools that work with all devices. Another important feature that must be present in trading platforms is analysis tools, charts, real-time data streaming, speed, stock recommendations, watch list, etc.
experience review
Every stock investor should keep in mind that the brokerage house they choose must have very good experience in the stock market. This is one of the most critical factors, as it gives the investor a lot of confidence if his money is going to the right hands. An experienced stockbroker will be able to predict the market well and will also have very strong risk management skills. It will always pay off to take risks with an experienced broker as they have seen all the ups and downs and understand how to deal with all kinds of market related issues.
Now we can conclude with the top 10 stock brokers in India
List of Top 10 Stock Brokers in India:
- Kotak Values
- ICICI direct
- Zerodha
- edelweiss
- angel brokerage
- India Information Line
- Sharekhan
- motilal oswal
- HDFC values
- Karvy
