I opened my first Demat account with ICICI Direct which is full full-service broker. I never used their advisory service because I do my own research for making an investment.
In 2022 I closed my ICICI Direct account as I was not using the account for so long. Currently, I have no Demat account with full service broker.
Full-service brokers impose higher brokerage fees, usually a percentage ranging from 0.1% to 0.5% of the transaction value. Whereas discount brokers charge a flat fee per trade regardless of the trade volume.
However, you can go with full-service brokers if you require value-added services like research advisory and trading tips.
Advantages of Full-Service brokers are:
- Research Reports
- Stock Trading Tips
- Training for Trading
- Access to a Dedicated Manager for Addressing Queries
- Stock Recommendations
10 Best Full-Service Brokers in India 2023
#1. Angel One Stock Broker
Angel One (Angel Broking) is a 30-year-old full-service stockbroker who assigns a dedicated relationship manager (RM) to assist you with advisory tips and support.
Angel One Demat account offers a flat brokerage plan where you need to pay a maximum of Rs. 20 per trade across all the trading segments irrespective of the trading volume.
Angel One provides an ARQ intelligence tool for checking stock performance and portfolio health.
Apart from the Indian stock market, you can also invest in US stocks from India through Angel One with zero commission charges. Angel One has collaborated with Vested (a US-based broker) for a seamless US stock investment experience.
Angel One Account Opening & AMC Charges
| Account opening charges | Rs 0 (Free) |
| Annual maintenance charges | Free – For 1st years. Rs 240 – From second year onwards |
Angel One Brokerage Charges
| Trading Segment | Brokerage Charges |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Rs. 20 per trade or 0.25% (whichever is lower) |
| Futures – Equity, Commodity, Currency | Rs. 20 per trade or 0.25% (whichever is lower) |
| Options – Equity, Currency, Commodity | Rs. 20 per order or 0.25% (whichever is lower) |
Angel One Trading Platforms
- Angel One Trade – Web-based platform for trading and investing in stocks, mutual funds, ETFs and bonds.
- Angel One App – Mobile based trading app that you can install on your smartphone.
- Angel One Speed Pro – Terminal-based trading platform you can install in your computer, but you may find it too difficult to install the Angel One Spree Pro.
#2. ICICI Direct Full Service Stock Broker (3-in-1 Account)
Founded by ICICI Bank, ICICI Direct offers a one-stop solution for all your investment needs.
With ICICI Direct, you can access a diverse array of financial instruments, including equities, derivatives, mutual funds, bonds, IPOs, NPS, insurance, and loan products.
The platform provides valuable research and advisory services, ensuring that both beginners and seasoned investors can make informed decisions.
ICICI Direct also offers 3-in-1 accounts, integrating your banking, demat, and trading accounts for added convenience.
ICICI Direct Demat Account Charges
| Particulars | Charges |
| Account opening charges | Zero (Free) |
| Account Maintenance Charges (AMC) | Rs. 700 (waived for ICICIdirect customers for the first year) Rs 300 For Neo plan starting from first year |
| Additional Plan Fee | Up to Rs 4999, depending upon the plan |
Brokerage Charges
ICICI Direct offers four plans with different brokerage rates.
- i-Secure Plan
- ICICI Direct Prime Plan
- ICICI Direct Neo Plan
- Prepaid Brokerage Plan
1. Brokerage charges for i-Secure Plan;
A variable percentage of brokerage is charged on the basis of quarterly turnover.
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.55% (including buy and sell) |
| Equity Intraday | 0.275% ( the second leg is not charged) |
| Equity Futures | 0.050% plus a flat brokerage of Rs. 50 on the second leg |
| Equity Options | Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg |
| Currency F&O | Rs. 20 per order |
| Commodity F&O | Rs. 20 per order |
The brokerage for Margin and Margin Plus under the i-Secure Plan is 0.050%
2. Brokerage charges for ICICI Direct Prime plan
| Prime Plan | Delivery Brokerage | Intraday/ Futures | Equity Options (per lot) | Currency F&O (Per Order) | Commodity F&O (Per Order) |
| Rs. 299 | 0.27% | 0.027% | Rs. 40 | Rs 20 | Rs 20 |
| Rs. 999 | 0.22% | 0.022% | Rs. 35 | Rs 20 | Rs 20 |
| Rs. 1,999 | 0.18% | 0.018% | Rs. 25 | Rs 20 | Rs 20 |
| Rs. 2,999 | 0.15% | 0.015% | Rs. 20 | Rs 20 | Rs 20 |
| Rs. 3,999 | 0.12% | 0.012% | Rs. 15 | Rs 20 | Rs 20 |
| Rs. 4,999 | 0.10% | 0.010% | Rs. 10 | Rs 20 | Rs 20 |
3. Brokerage charges for ICICI Direct Neo Plan
| Segment | Brokerage Charges |
| Equity Delivery | 0.55% |
| Equity Intraday | Rs 20 per order |
| Equity Futures | Rs 0 (free) |
| Equity Options | Rs 20 per order |
| Currency F&O | Rs 20 per order |
| Commodity F&O | Rs 20 per order |
4. Brokerage charges under Prepaid Brokerage Plan
| Prepaid Value | Equity Delivery | Equity Intraday & Futures | Equity Options | Currency/Commodity F&O |
| Rs. 2,500 | 0.25% | 0.25% | Rs. 35 per lot | Rs 20 per order |
| Rs. 5,000 | 0.22% | 0.22% | Rs. 30 per lot | Rs 20 per order |
| Rs. 12,500 | 0.18% | 0.18% | Rs. 25 per lot | Rs 20 per order |
| Rs. 25,000 | 0.15% | 0.15% | Rs. 20 per lot | Rs 20 per order |
| Rs. 50,000 | 0.12% | 0.12% | Rs. 15 per lot | Rs 20 per order |
| Rs. 1,00,000 | 0.07% | 0.07% | Rs. 7 per lot | Rs 20 per order |
ICICI Direct Trading Platforms
#1. ICICI Direct’s Trade Racer: A powerful and feature-rich trading platform that provides advanced tools like Trend Scanner and “Heat Maps” for market analysis and stock selection.
#2. ICICI Direct Mobile – A user-friendly mobile trading app that provides convenient access to trading and portfolio management. You can execute trades, access real-time market data, and stay updated on their investments, all from the palm of their hand.
#3. HDFC Securities
HDFC Securities is a subsidiary of HDFC Bank and provides comprehensive full stockbroking services.
HDFC Securities (review) offers versatile account options, including a 3-in-1 account that combines demat, trading, and bank accounts, a 2-in-1 (Demat + Trading/Saving + Trading) account, and a 1-in-1 trading account, all with zero account opening charges.
However, there is a subscription fee, which can go up to Rs. 1,00,000, depending on your chosen brokerage plan.
HDFC Securities goes beyond trading by offering value-added services such as research advisory, loan products (auto, home, personal, and education), bonds, gold, ETFs, insurance, and NPS investments.
Additionally, HDFC Securities provides the opportunity to invest in U.S. stocks, further expanding their investment offerings.
HDFC Securities Demat Account Charges
| Particulars | Charges |
| Account opening charges | Rs. 0 (Free) |
| Account Maintenance Charges (AMC) | Free for the first yearRs. 750 (from 2nd Year onwards) |
| Additional Brokerage Plan Charges | Plan charges Rs. 199 to Rs. 5999Lifetime validity plans up to Rs. 1,00,000/- |
HDFC Securities Brokerage Charges
HDFC Securities offers two brokerage plans with different brokerage charges to its customers.
- HDFC Securities Standard Brokerage Plan
- HDFC Securities Value Plans
1. HDFC Securities Standard Brokerage Plan
| Trading Segment | Brokerage |
| Delivery | 0.50% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Intraday | 0.05% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Equity Futures | 0.025% or min Rs. 25 or ceiling of 2.5% of transaction value (Both Buy & Sell) |
| Equity Options | Higher of 1% of the premium amount or Rs. 100 per lot (Both Buy & Sell) |
| Currency Futures | Rs. 12 each side |
| Currency Options | Rs. 10 each side |
| Commodity Futures | 0.020% or min Rs. 20 per order. |
| Commodity Options | Rs. 100 per lot |
| Call & Trade charges | Free |
2. HDFC Securities Value Plans
Value plans are only applicable to resident customers not available for NRIs.
HDFC Securities Value plans are of two types –
- One is valid for a period of 360 days and auto-renewed at the end of the tenure.
- The second value plan comes with lifetime validity for the same brokerage charges.
A. Value Plan with a validity of 360 days
| Plans | 199 | 299 | 999 | 1999 | 2999 | 3999 | 4999 | 5999 |
| Equity Delivery | 0.32% | 0.27% | 0.22% | 0.18% | 0.15% | 0.15% | 0.10% | 0.10% |
| Equity Intraday | 0.032% | 0.027% | 0.022% | 0.018% | 0.015% | 0.015% | 0.010% | 0.010% |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Zero Brokerage on ETF | No | No | No | No | No | Yes | No | Yes |
B. Brokerage Value Plan – Lifetime Validity
| Value Plan Name | Value 30 | Value 25 | Value 20 | Value 15 |
| Value Plan Charges | 10000/- | 25000/- | 50000/- | 1,00,000/- |
| Free Equity Delivery Volume | 40,00,000/- | 150,00,000/- | 4,00,00,000/- | 12,00,00,000/- |
| Free Equity Delivery Volume Validity | 360 days | 360 days | 360 days | 360 days |
| Equity Intraday | 0.030% | 0.025% | 0.020% | 0.015% |
| Equity Delivery | 0.30% | 0.25% | 0.20% | 0.15% |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
HDFC Securities Trading Platforms
#1. HDFC Pro Terminal: An Ajax-based platform with a Rs 1999 annual fee, offering Advanced Portfolio Tracker, Stock Screeners, News & Sentiment Analysis, and RADAR tool.
#2. HDFC Securities App: A mobile app for tracking live market data, placing trades, and managing your investments and portfolio.
#4. Kotak Securities
Kotak Securities, a subsidiary of Kotak Mahindra Bank, serves more than 2.5 million customer accounts and processes daily trades exceeding 7 lakhs.
As a comprehensive full-service broker, Kotak Securities provides a diverse array of investment opportunities including stocks, equity derivatives, currency F&O, Mutual funds, IPOs, bonds, ETFs, and IRF (Interest Rate Futures).
In addition, Kotak Securities provides valuable services such as research advisory, dealer-assisted trading, and portfolio management services.
Kotak Securities Demat Account Charges
| Particulars | Charges |
| Demat Account Opening Charges | Free |
| Trading Account Opening Charges (One Time) | Rs. 299 – Trade Free YouthRs. 99 – Trade Free PlanRs. 499 – Dealer assisted plan |
| Account Maintenance Charges (AMC) | For BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly) |
Kotak Brokerage Charges
Kotak Securities offers three plans with different brokerage rates.
- Trade Free Brokerage Plan
- Trade Free Youth Plan
- Dealer Assisted Brokerage Plan
1. Trade Free Brokerage Plan
| Segment | Kotak Securities(Trade Free Brokerage Plan) |
| Equity Delivery | Rs. 20 per executed order or 0.25% of transaction value whichever is higher with a ceiling of 2.5% |
| Equity Intraday | Rs 0 (free) |
| Equity F&O | Delivery – Rs. 20 per executed order Intraday – Free |
| Currency F&O | Delivery – Rs. 20 per executed order Intraday – Free |
| Commodity F&O | Delivery – Rs. 20 per executed order Intraday – Free |
#2. Trade Free Youth
For Youngsters, Kotak Securities offers a trade free youth brokerage plan for those who are below 30 years of age. Under this plan, Kotak securities does not charge any brokerage fees for all trades.
| Segment | Brokerage Charges Under Trade Free Youth Plan |
| Equity, Currency, Commodity, Delivery, Intraday, F&O | Rs. 0 Brokerage for all trades |
#3. Dealer Assisted Brokerage Plan
| Segment | Kotak Securities Dealer Assisted Brokerage Plan |
| Equity Delivery | 0.39% of transaction value |
| Equity Intraday | 0.039% of transaction value |
| Equity Futures | 0.39% of transaction value |
| Equity Options | Rs. 39 per Lot |
| Currency Futures | Rs. 9 per Lot |
| Currency Options | Rs. 5 per Lot |
| Commodity Futures | 0.39% of transaction value |
| Commodity Options | Rs. 39 per Lot |
Kotak Securities Trading Platforms
#1. Kotak Website: An HTML-based platform accessible directly from the Kotak Securities home page, offering access to all trading tools and assets.
#2. KEAT Pro X: A desktop-based trading platform for equities, derivatives, and currencies, available in two versions, Fastlane (web-based) and Xtralite (ideal for slow internet connections).
#3. Kotak Stock Trader: A mobile app-based trading platform compatible with Android and iOS devices.
#5. Motilal Oswal
Founded in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai-based financial services company.
Motilal Oswal is renowned for its robust research and advisory services, providing in-depth analysis and insights into financial markets, the economy, and a wide array of stocks spanning numerous sectors.
With a repository of over 80,000 research reports, the company offers invaluable guidance to both beginners and seasoned investors.
Motilal Oswal provides a range of value-added products including
- Investment in Mutual Funds and IPOs
- Gold Bonds
- Insurance Services
- Fixed Income Products
- Robo Advisory
- Portfolio Management Service (PMS)
- Mid and Small-cap Investment Strategies
- Access to Smallcases (For Smallcase promo codes, refer to their website)
Motilal Oswal Demat Account Charges
| Account Opening Charges | Zero (Free) |
| Account Maintenance Charges (AMC) | Rs 199 Yearly (Free for 1st Year) |
Motilal Oswal Brokerage Charges
| Segments | Motilal Oswal Brokerage Charges |
| Equity Delivery | 0.20% |
| Equity Intraday & Futures | 0.02% per lot |
| Equity Options | Flat Rs 20 per lot |
| Currency Futures | Rs 20 per lot |
| Currency Options | Rs. 20 per lot |
| Commodity Futures | 0.02% per lot |
| Commodity Options | Rs 20 Per Lot |
Motilal Oswal Trading Platforms
#1. MO Investor: Designed for long-term investors, offering features like Robo wealth and ACE for strategic investments.
#2. MO Trader: Equipped with research reports, 19 screeners, Trade Guide Signal, Option Writer, and Option Decoder.
#3. MO Investor App and MO Trader App: Mobile apps for trading on smartphones, offering condensed versions of their full-fledged trading platforms.
#6. Sharekhan Stock Broker
Sharekhan, a full-service broker under the BNP Paribas group, provides a comprehensive suite of services to assist investors in making well-informed investment choices.
With over two decades of industry experience, Sharekhan serves 2 million customers supported by a dedicated team of 750+ service managers.
For traders, Sharekhan offers powerful tools such as smart search and investment pattern finders with alert features to efficiently filter and identify potential stocks.
Sharekhan value-added services like:
- Portfolio management
- Loans against shares
- Mutual fund investments
Sharekhan Account opening and AMC Charges
| Account opening charges | Rs. 0 |
| AMC charges | Up to Rs. 500 depending on the scheme |
Sharekhan Brokerage charges
| Trading Type | Brokerage Charges |
| Equity Delivery | 0.50% (minimum 10 paise per share) |
| Equity Intraday (on both legs) | 0.10% (minimum 5 paise per share) |
| Equity Futures (1st leg)Equity Futures (2nd leg) | 0.10%0.02% |
| Equity Options (on both legs) | 2.5% (minimum Rs. 100 per lot) |
| Currency Futures (1st leg)Currency Futures (2nd leg) | 0.10% (minimum 0.01 paise)Nil |
| Currency Options (1st leg)Currency Options (2nd leg) | 2.5% or a minimum of Rs. 30 per lotNil |
| Commodity Futures (1st leg)Commodity Futures (2nd leg) | 0.10% Nil |
| Commodity Options | 2.5%, maximum brokerage – Rs. 250 per lot |
Sharekhan Trading Platforms
#1. Sharekhan Trade Tiger: A versatile online trading platform available in two versions:
- Trade Tiger Basic for individuals
- Trade Tiger Advanced for professionals
Features advanced charts, stock filters, and real-time stock trading capabilities.
#2. Sharekhan Mobile App: Facilitates trading with stock tips, charts, technical indicators, and flexible search options for a convenient mobile experience.
#7. IIFL Securities Full Service Broker
Founded in 1995, India Infoline Securities (IIFL) is a full-service stockbroker in India that provides research and advisory services.
With IIFL Securities, you can open a 2-in-1 demat and trading account without any account opening charges. You can also invest and trade in equity, derivatives, commodities and currency.
IIFL Securities (detailed review) is good for beginners who seek expert guidance and research support to make well-informed investment decisions.
IIFL offers a number of value-added product and services:
- Research Advisory
- Portfolio Management Services
- Market & Sector Reports & Information
- Mutual Fund/IPOs Investment
- Options Trading Using Sensibull
- Loan Products (Home, Personal, Gold, Against Property & Business Loan)
- NRI Services
IIFL Securities (India Infoline) Annual Account Charges & AMC
| Account Opening Charges | Rs 0 (Free) |
| Demat AMC Charges | Rs 250 Yearly (Free for 1st year) |
IIFL has three brokerage plans. You can choose according to your needs. These plans are –
- Investor Plan (Online Plus)
- Super Trader Plan (Pro Traders)
- Premium Plan (Dedicated RM)
| Plan Name | Investor Plan | Super Trader Plan | Premium Plan |
| Equity Delivery | 0.25% | 0.10% | 0.50% |
| Equity Intraday/ Futures | 0.025% | 0.01% | 0.05% |
| Equity Options (per lot) | Rs 25 | Rs 10 | Rs 50 |
| Commodity / Currency Trading | 0.025% | 0.015% | 0.050% |
| Currency Options (per lot) | Rs. 8 | Rs. 5 | Rs. 10 |
| Currency Futures (per lot) | Rs. 20 | Rs. 15 | Rs. 25 |
| Commodity Options (varies for different commodities) | Rs. 65 to Rs 125 per lot | Rs. 50 to Rs 80 per lot | Rs. 80 to Rs 150 per lot |
#8. SBICap Securities
SBICap Securities is supported by India’s largest public sector bank “SBI.” SBICap Securities offers a comprehensive 3-in-1 account (demat + trading + bank account).
This full-service stockbroker provides a range of services and products, including research advisory, trade calls, loans against securities, home and auto loans, as well as the opportunity to invest in NCDs, IPOs, OFS, and mutual funds.
You can apply for the SBICap Securities account opening process through their app.sbismart.com portal.
SBICap Securities Demat Account Charges
| Account Opening Fee | Rs 850 |
| Account Maintenance Charges (AMC) | Rs. 750 annually (Rs. 500 for e-statement) |
SBICap Securities Brokerage Charges
SBI Securities offers various brokerage plans with different brokerage rates.
- SBI securities Standard Brokerage Plan
- SBI securities Plan 499, FO 599, Pro 749, OIOP – 3K, 5K, & 10K
#1. SBI securities Standard Brokerage Plan
| Trading Segment | SBI Securities Brokerage Charges(Standard Plan) |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.075% |
| Equity Futures | 0.05% |
| Equity Options | Rs. 100 per lot |
| Currency Futures | 0.03% |
| Currency Options | Rs. 30 per lot |
| Commodity Futures | 0.05% |
| Commodity Options | Rs. 100 per lot |
#2. Brokerage Charges for the SBI securities Plan 499, FO 599, Pro 749, OIOP – 3K, 5K, & 10K
Under these SBI securities brokerage plans, you need to pay subscription fees.
| Segments | Plan 499 | FO 599 | Pro 749 | OIOP 3K | OIOP 5K | OIOP 10K |
| Tenure | Lifetime | Lifetime | Lifetime | 1 Year | 1 Year | Lifetime |
| Equity Delivery | 0.50% | 0.50% | 0.35% | 0.20% | 0.20% | 0.20% |
| Equity Intraday | 0.05% | 0.05% | 0.035% | Rs. 20 /order | Rs. 20 /order | Rs. 20 /order |
| Futures | 0.05% | 0.02% | 0.02% | Rs. 20 /order | Rs. 20 /order | Rs. 20 /order |
| Options | Rs. 50 /lot | Rs. 20 /lot | Rs. 20 /lot | Rs. 20 /order | Rs. 20 /order | Rs. 20 /order |
| Currency | Rs. 20 /lot | Rs. 20 /lot | Rs. 20 /lot | Rs. 20 /order | Rs. 20 /order | Rs. 20 /order |
SBICaps Trading Platforms
#1. SBISMART Trading App: An online mobile trading app by SBICaps Securities for placing orders, managing funds, and creating market watches.
#2. SBISMART Xpress: A desktop trading platform offering advanced charting tools, live quotes streaming, and auto-refreshing trade book features.
#3. SBISMART Web Trading Portal: SBICaps’ web-based platform providing company reports, trading calls, stock screeners, heat maps, and stock analysis tools for traders.
#9. Axis Direct Full Service Broker
Axis Direct serves as the full-service retail broking brand of Axis Securities Limited, a subsidiary of Axis Bank.
Axis Direct value-added services include:
- Equity Trading
- Derivatives Trading in Equity, Currency, and Commodity F&O
- Advisory Services (for small portfolios and mutual funds)
- Mutual Funds and IPO Investments
- NCDs, Bonds, and Company FDs
- Tax Planning Services
- Loan and General Insurance Products
Additionally, Axis Direct (detailed review) has introduced the option to invest in US stocks through a partnership with Vested Finance, offering clients access to the US market.
Axis Direct Account Opening & AMC Charges
| 3-in-1 Account Opening Charges | Standard Plan – Rs. 999Investment Plus Plan – Rs. 0Now or Never Plan – Rs. 0 |
| Annual Maintenance Charges | For Axis Bank Customer: First Year: FreeSecond Year Onwards: Rs. 750 For Non-Axis Bank Customer: First Year onwards: Rs. 2,500 |
Axis Direct Brokerage Charges
Axis Direct has four brokerage plans with different brokerage charges. The charges under each plan are mentioned below.
| Plans | Complimentary Delivery Turnover (CDT) | Validity period | Account opening charges | Value Added Subscription fee |
| Fixed Plan | N.A | N.A. | Rs 499 | Rs. 0 |
| Investment Plus Plan | Rs. 3 Lakhs (buy + sell) | 12 months | NIL | Rs. 1,500 |
| Now or Never Plan | Rs. 12 Lakhs (buy + sell) | 10 years | NIL | Rs. 5,555 |
| Premium Investment Plan | Rs. 25 Lakhs (buy + sell) | 1 year | NIL | Rs. 10,000 |
Brokerage Charges
| Plans | Fixed Plan | Investment Plus Plan | Now or Never Plan | Premium Investment Plan |
| Equity Delivery (each leg) | 0.50% | 0.35% | 0.20% | 0.10% |
| Equity Intraday (each leg) | 0.05% | 0.035% | 0.03% | 0.01% |
| Futures (each leg) | 0.05% | 0.035% | 0.02% | 0.01% |
| Options | Rs. 10 per order | Rs. 10 per order | Rs. 10 per order | Rs. 10 per order |
Axis Direct Trading Platforms
#1. Axis Direct Trade: Offering customizable watchlists, live quotes, market watch, open position checks, pending order status, and MTM values.
#2. Axis Web Trading Platform: A clutter-free HTML browser-based platform with a “card view” for easy access to trade and news. Custom filters, alerts, and notifications ensure you stay updated.
#3. Axis Mobile Trading App: Designed for equity and derivatives trading, providing live quotes, charts, and watchlist creation for on-the-go trading convenience.
#10. Nuvama (Edelweiss Broking)
Nuvama (Edelweiss Broking) is a full-service broker offering deep research advisory at a discount broker’s price.
In our top 20 Indian stock brokers report, Nuvama stands out with its lowest fixed brokerage charge of just Rs. 10 per executed order under the Nuvama Lite plan.
The Nuvama mobile trading app provides a comprehensive platform for tracking market trends, accessing consolidated and standalone financial data. Additionally, you can conveniently invest in Mutual Funds, NCDs, and Bonds through the Nuvama app.
Nuvama (Edelweiss) Account Opening Charges
| Account opening charges | Zero (Free) |
| Annual maintenance charges | Zero – for 1st yearRs. 500 – from second year onwards |
Nuvama (Edelweiss) Brokerage Charges
| Segments | Brokerage Charges (Nuvama Lite Plan) | Brokerage Charges (Nuvama Elite Plan) |
| Equity Delivery | Flat Rs. 10 per executed order | 0.30% |
| Equity Intraday | Flat Rs. 10 per executed order | 0.03% |
| Equity Futures | Flat Rs. 10 per executed order | 0.03% |
| Equity Options | Flat Rs. 10 per executed order | Rs 75 per lot |
| Currency Futures | Flat Rs. 10 per executed order | 0.02% |
| Currency Options | Flat Rs. 10 per executed order | Rs 20 per lot |
| Commodity F&O | Not Applicable | Not Applicable |
You can switch between Lite and Elite accounts. Nuvama charges Rs. 0 when you switch from Lite to Elite and a fee of Rs. 2500 when you switch from the Elite to the Lite Plan.
Nuvama Trading Platforms
#1. Terminal X3 (TX3) Trading Platform – Nuvama Terminal X3 offers multi-asset trading with data analytics, 60+ advanced indicators, and watchlists.
#2. Nuvama Mobile Trader: The mobile app facilitates trading in equities, derivatives, and commodities, along with stock advisory and trading tips.
Conclusion
If you are looking for a cost-effective full-service broker offering research advisory and trading tips, Angel One (Angel Broking) is a suitable choice. Angel One charges a flat brokerage fee of Rs. 20 per trade with zero account opening charges. Also, you can invest in US stocks with Angel One.
For long-term investors aiming to build a robust portfolio backed by extensive research expertise, Motilal Oswal is a best option for you. Motilal Oswal has an in-house research team to fulfill your investment requirements.
If you want to do intraday trading, you may also go with Kotak Securities. Under the Kotak Securities Trade Free brokerage plan, you do not need to pay any brokerage fees on all intraday trading. However, you need to pay the account opening charges of Rs. 99 under this plan.
FAQs Relating to Full-Service Brokers
Yes, Angel One (Angel Broking) offers the opportunity to invest in US stocks from India with zero commission charges. They have partnered with Vested, a US-based broker, to provide a seamless experience for Indian investors interested in the US stock market.
Motilal Oswal’s brokerage charges are as follows:
- Equity Delivery: 0.20%
- Equity Intraday & Futures: 0.02% per lot
- Equity Options: Flat Rs 20 per lot
- Currency Futures: Rs 20 per lot
- Currency Options: Rs. 20 per lot
- Commodity Futures: 0
Kotak Securities provides the following trading platforms:
- Kotak Website: An HTML-based platform accessible directly from their website.
- KEAT Pro X: A desktop-based trading platform for equities, derivatives, and currencies.
- Kotak Stock Trader: A mobile app for trading on Android and iOS devices.
These platforms cater to the diverse needs of investors and traders.
HDFC Securities offers free account opening. For the annual maintenance charges (AMC), the first year is free, and from the second year onwards, it’s Rs. 750. However, you need to pay up to Rs. 1,00,000 for a brokerage plan.
Kotak Securities offers a Trade Free Youth brokerage plan, which allows traders below the age of 30 to enjoy zero brokerage fees on all intraday trading.
Angel One (Angel Broking) is a cost-effective full-service broker offering research advisory and trading tips, with a flat brokerage fee of Rs. 20 per trade and no account opening charges.
Discount brokers charge a flat fee per trade, regardless of the trade volume. This structure can result in cost savings, especially for those who trade frequently.
Full-service brokers usually charge a brokerage fee ranging from 0.1% to 0.5% of the transaction value.
Discount brokers typically charge lower brokerage fees, making them more cost-effective for frequent trading. They often employ a flat fee per trade structure, which can be advantageous for traders.
Full-service brokers offer research advisory, trading tips, and a range of value-added services to assist investors, making them ideal for long-term investment goals.
