@Rahul00792 I think Zerodha tops the list of best stock broking in India. Its user friendly platform, cool apps, supportive customer support are impressive. My vote goes to Zerodha only. A great trading platform!
Update: Finvasia has changed a lot since one year, here is the timeline:
Nov 2018 – Finvasia approved to open single account for all exchanges including MCX.
Apr, 2019 – Scalpert trading platform fully revamped, both web and android app.
Sep, 2019 – Scalpert trading platform released in iOS
Oct, 2019 – Prism (Client Portal) fully revamped
Oct, 2019 – BEST, NOW discontinued for new users
Nov, 2019 – NEST charges slashed to zero, now both platforms are fully zero.
@Trader-buddy @Ishu @Tarun I observed few new features in Zerodha Kite 3 the latest version.
Zerodha Kite 3 Dashboard: New features Summary
You can search for scrip & place an order if you wish to buy or sell.
You can check quantities of equity holdings on the watch list.
New shortcut keys to buy and sell for intraday trading.
Easy chart navigation, you get a range selector at the bottom of page.
Sparkline chart to check the performance of your holdings.
There are a number of stock brokers in India. Here I'll highlight two of the leading stock broking companies: Angel Broking vs Zerodha, a comparison to read.
Stock Brokers in India
The stock market is the most versatile market I know. And with changing the economy and financial dynamics this market has seen a robust and vigorous change over the period of time.
With so many market players and factors to choose for entering the market, everyone is bound to be confused with the choices and option. So, I thought to discuss two of the popular trading and stock-broking platforms of India: Zerodha and Angel Broking.
Angel Broking vs Zerodha: Comparison
Angel Broking is a Mumbai based stock brokerage firm incorporated in 1987 with full functioning 22 branches spread across India.
Zerodha is a Bangalore based company which started on 15th August 2010 is a trading company. It is said to be India’s largest stock broking company in terms of the number of users. It has a widespread network of 900+ branches all over India.
2. Broker Type & Brokerage Charges:
Zerodha is Discount Broker Company (i.e. it charges a lower commission in comparison to others). In this respective case, it’s Rs.20 per transaction.
Whereas Angel Broking is a full-service broker (i.e. it provides end to end service in relation to trading along with advisory and other related services, with full commission charged based on decided percentage over the transaction).
3. Services offered:
Although, both of them are members of the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), National Commodity & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange of India Limited (MCX), they provide different services.
Angel Broking provides an extensive array of advisory services with analytical reports and insights to help their users and subscribers to take financial decision more efficiently. Even though Zerodha is not involved in any such advisory service, but it has a special training kit like "Varsity" for their users which can enhance their ability to understand the market better and take the decisions accordingly.
But, Zerodha offers direct market investment by eliminating the brokers which angel broking is not currently offering.
The product and the applications brought in by Zerodha are more user-friendly and easy to navigate by even laymen users in comparison to that of Angel broking processes and transactions.
4. Trading instruments:
Where Angel Broking deals in all financial instruments like equity, debt, commodity, bonds, currency, Initial public offering (IPO), etc. Zerodha doesn’t deal in instruments like IPO, bonds and debts.
Also, Zerodha is well known for its mutual fund i.e. Zerodha Coin and SIP schemes. These schemes are not available under the former option.
5. User Earnings:
Zerodha has a low cost of transaction due to the lower brokerage model and other related charges. Thus, the earnings of the user can be a bit at the higher end with Zerodha in comparison with Angel Broking as the user is saving a good amount of money on brokerage fees.
Both the stock broker companies have been a part of the Indian market and are working through the economy to provide the best services to their users and subscribers. They both have their own unique pluses and minuses. We have to take our own decision depending on our financial needs and user requirements.
These are my personal views. Which one do you like? Feel free to share your favourite stock brokers in India and any experiences with them.
Have you heard or read about "Prabhudas Lilladher Pvt.Ltd." a popular stock broking firm in India.
PL India: Formation & Glimpse
Shahrukh Khan is a legend in the Indian film industry. We all know his name and movies irrespective of our age and liking. Did you know that there are legendary pioneers in financial markets as well?
That brings me to today’s topic, "Prabhudas Lilladher".
Let me start by answering the first question: Who or What is Prabhudas Lilladher?
Prabhudas Lilladher or more popularly known as PL India is one of the oldest stockbroking houses in India. The company was registered in the year 1944 by Prabhudas Lilladher as a stock broking company in India.
But, over the years the company has seen a gradual growth and expanded to become a one-stop-shop for companies all financial needs.
The company’s headquarters is at Mumbai but it has spread its presence in over 30+ cities of India.
Moreover, PL India is known for developing and implementing customized solutions for any client’s financial problems which in-turn empowers the client to work efficiently.
One of the companies “Prabhudas Lilladher Financial Services Pvt. Ltd.” a subsidiary company that is also an RBI approved Non-Banking Financial Company (NBFC) branch of PL group helps their clients to manage funds for their companies and organizations.
Now, I will try and explain a few services offered by the corporation.
PL India: Services Offered
1. Online Trading:
The organization provides online as well as offline trading services. It provides trading opportunities through Equity, Future & Option, and Commodities & currency.
2. Structured products: They offer services in distribution of a variety of customized financial products with unique risk to rewards equations that help meet financial objectives.
3. Private client group: It aims at understanding the unique needs of the clients and enhances financial growth with personalized attention.
4. Margin funding:
It offers margin funding finance against shares & securities to meet fund requirements of various categories of borrowers that include Retail & HNI, HNIs, HUFs, and Corporate entities. PL India also aids and encourages investment opportunities in primary market issues and Mutual Fund Schemes by providing financial help.
A personalised solution for different NRI investment needs.
Institutional Business Services Offered by PL India
PL is ranked as one of the top institutional brokers in India. It covers secondary market Institutional and marketing of equity trading offerings including IPO to domestic and foreign institutional investors.
Investment banking: The organization also provides investment banking facility to the high net worth client which helps them with their capital needs. A few services offered are IPO, FPO, Buy Back of shares, Delisting of shares, Right Issue, etc.
To empower their users and enable them to reap the benefit to the fullest, below are the products offered by the corporation:
Products Offered by PL India
Investactive (Equity and Mutual Fund)
Systematic investments in stocks (SIS)
Stock lending & borrowing (SLB)
Trader's edge indices
Alternative Investment funds
Portfolio Management Services (PMS)
The company is a legend in itself. It started its journey long way back and is still rising with such a spread of product and services and expanding the horizon of clientele base.
@Sandra @Ishu @stephbaker @Trader-buddy What are your views on PL India Ltd.? Any experience or feedback you wish to add here. Feel free to discuss.
Tradejini is discount Broking Company engaged in financial services. The corporation is a Bengaluru based which was incorporated in 2012.
The company provides services for trading in:
Exchange Traded funds
Debt instruments traded on exchanges.
Tradejini offers services for Investments in Mutual funds and holding dematerialized financial instruments.
Moreover, Tradejini has memberships of NSE, BSE, MCX, MSEI. It is also a Depository Participant with CDSL.
Trading through TRADEJINI
There are 2 options available with the users to trade with Tradejini:
1. NEST Trader
Simply stating, NEST Trader is a default trading terminal developed by Omnesys Technologies Pvt. Ltd. This allows fast execution of orders alongwith real-time monitoring. You can trade through all segments and exchanges on a single platform.
NEST Trader allows its investors to place orders, modify or cancel them anytime. Also one can view order book, Trade Book, Position Book, Limits, Quotes, Market Picture (MBP).
2. NSE Now
NSE NOW is a quick, convenient way of trading. The platform was launched by the National Stock Exchange of India and is available on Mobiles and tablets. NSE Now is a user-friendly web portal that allows you to trade hassle-free via a secure site.
Tradejini customers can trade and utilize the platform for executing trading at a high speed with no downtime. The below services can be enjoyed through the platform:
Day-wise and net-wise reports.
Useful Information is available via mobile or web.
Advanced graphs and charts analytics to help you take decision accordingly.
Below are the types of services which are provided by TradeJini:
Tradejini provides the trading facility in terms of Mutual Funds, Equity Shares, Debt Instruments, derivative, etc across all segments which come under Indian Stock Exchange. It can be done in Intraday Square up trades or Delivery option.
2. Demat Account:
The Corporation provides an in-house CDSL depository services to secure securities in electronic form. The Demat services of this cover Mutual Funds, Gold Bonds, Shares, Bonds and Debentures, Infrastructure Bonds, Preference Shares, and ETF’s.
3. NRI Services:
There is structured assistance for NRI’s who wish to invest in derivatives and stocks for opening the necessary accounts in the respective segments. However, they are not allowed to trade-in currencies and commodities.
Tradejini Brokerage & Pricing
The unique feature of this corporation is that they charge low brokerage for all trading transactions. The brokerage charges range from 0.01% or ₹20 per executed order, irrespective of the transaction value.
The brokerage costs are as below:
Futures ( Equity/Currency/Commodity): ₹20 per executed order or 0.01% of Turnover whichever is lower.
Options (Equity / Currency): ₹20 per executed order.
Equity (Delivery): ₹20 per executed order or 0.1% of Turnover whichever is lower.
Equity (Intra-Day): ₹20 per executed order or 0.01% of Turnover whichever is lower.
There are no hidden charges available on the same.
With the unique facility like in-house Demat account facility and fund transfer facility with 25 major banks via instant payment method gateway. All-in-all company provides a smooth and secure single trading platform for all the transactions with lower cost model.
What are your views on Tradejini, a popular discount broker in India? Do share your feedback.
@brokerdude Hi, Is Wisdom Capital really good? Has anyone used it personally? I heard and read different views about them recently.
I read about a user who didn't have a pleasant experience with them. They squared off his position at 12:30 pm while he informed that he'll do it before 3.20 pm by himself. As a result, he had to bear a loss since the price of shares he bought had gone down.
I am really worried, if that happens to me. I am a salaried person and put my extra savings in stocks. So, should I continue stock investing? Any opinions on it.
@Ishu Nice comparison between two leading stock brokers in India: Zerodha vs Sharekhan. I would like to add few more points here:
Equity delivery is free with Zerodha. That's what attracts me!
Zerodha trading apps and platform Zerodha Kite 3 is tech oriented and very easy to use. It's quite fast and offers great user experience.
That's my opinion for the broker I prefer. What do you guys think? Any distinct or similar views on this.
@Trader-buddy Hey, these two stock brokers are very popular. I usually hear my friends talking about either Zerodha or 5paisa when we discuss about investing in stock market. No doubt, these flat fee brokers have made trading a much easier task for the common man.
5paisa is referred as the 2nd largest discount broker in India based on the number of active users. With its flat Rs.10 per trade fee 5paisa has gained huge popularity recently.
So, let's have a look at the 5paisa margin exposure limit both for intraday and futures.
I have given 5paisa Exposure Margin in tabular form below:
Hope I provided it correctly. Do let me know of any changes in 5paisa margin. Of course, you have access to different margin calculators to know the span margin and exposure margin.
@Anmol It's good to know that Paytm is also launching its stock broking services. So many stock brokers already there competing with one another. One more, Paytm Stock broking Services shall be good to see. How this establishes itself in the growing list of full service or discount brokers in India.
@Anmol I don't think there's any option to close the SBI demat account online. But, if you don't use your demat account, it is better to deactivate it to avoid paying any account maintenance charges.
Following is the simplest answer to how to close demat account in SBI:
Visit the official SBI website of Depository Participants https://sbismart.com Download the Account Closure form.
Fill the form and complete all necessary details. Just check for any balance in your account. Give bank details where you wish to transfer balance, if any.
Courier the completed and signed account closure form to the address given on the form itself.
You can also get the Demat account closure form from your nearest SBI branch. Fill the details, sign it and send it.
Further, you can also go and manually submit the completed form, only if you have a branch near you. Otherwise, sending through courier seems best. Hope this clarifies your friend's query!
@Gaurav 5paisa support system is not that perfect and there are heavy hidden charges. They charge their clients Rs. 10 per trade.
The term “tough competitor” referred to as when broker is offering better than Zerodha, not based on no. of clients.
I mentioned Finvasia because they are offering zero brokerage brokers on all segments and great services. While Zerodha is only offering zero on delivery equity and lack of support.
I mentioned Upstox because they have a great platform to trade as compared to Zerodha. But, it’s irritating that Upstox is facing some issues too. I hope they fix it and won't happen again.
I see that upstox(earlier called as RKSV securities) has been gaining a lot of traction in discount broking world. I wonder if someone has experience trading on upstox like a long term investor as well as derivate trader ? Also, what are your reviews of upstox when compared to zerodha. I found out some quantitative stuff that I wanted to share when it came to upstox vs zerodha:
With upstox you can trade equities, commodities, F&Os & Currencies. So basically every segment is covered.
Just like zerodha, You have have 0 charges for delivery trades.
Nice margins with an average of 3-4x leverage on Intraday trades. You can be a priority pack customer and get higher leverage.
Nice set of tools for traders as well as long term value traders like Zerodha: Web app, Mobile app, desktop trading app, everything under your arsenal.
One con that I found out was that it doesn't allow you to invest in IPO still.
Would love to hear back any feedback on Upstox.
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