Best Online Brokers for Stock Trading

Would you like to go trading? If so, you will need an online broker account. Choosing an online stock broker is one of the most important decisions you will make as an investor. This guide aims to introduce online trading and break down the best online trading platforms available today. Our rating for online brokers takes into account over 15 factors, including account fees and minimums, investment choices, customer support, and mobile app capabilities.

At Moneymunch, we strive to help you make the financial decision with confidence. To do this, many or all of the products featured here are from partners of iNiSolution. However, this doesn’t influence our evaluations. Our opinions are our own.

Top Online Brokers for Stock Trading in India

After spending eight months on 11 Indian stockbrokers from we find out these three as top broking platforms.

  • Zerodha – Best broker overall
  • 5Paisa – Best for low costs
  • OctaFX – Best for Forex Trading

Here’s a summary of the best online brokers:

zerodha

Best OverallOpen Account
Rated our #1 online broker for traders in 2020, Zerodha Broking charges Rs.20 per trade, delivery Rs.0 and offers the largest variety of trading tools through its desktop-based Pi and Web & Mobile Kite platforms. It also ranks #1, alongside its Best in Class rating, for numerous other categories including Beginners, Trading Platforms and Tools, Customer Service, and Education, among others.

5 paisa

Best for Low CostsOpen Account
5Paisa investments charge Rs.10 per trade and received 4.5 stars in our 2020 Review. It is our top recommendation for discount trading. When compared to other brokers, you save more than 90% on brokerage costs on all segments. It operates on the principle of self-investment and provides brokerage free services to 350 thousand+ happy customers.

octafx logo

Best for Forex TradingOpen Account
Rated our #1 best for forex trading. OctaFX is providing services for one decade, and more than 500 million accounts have opened. They have multiple trading platforms (including MT4 & MT5) with outstanding order execution speed (under 0.1 seconds). The best features are no commission, minimal spread (starting at 0.6 pips), and 3 days swap-free. OctaFX has the best customer support, analysis, education, tools, copytrading, and more.

Here is the clear winner Zerodha. At present, No.1 Broker in India. And best forex broker is OctaFX.

Three FAQs by Beginners

How much money required to open a trading account?

It doesn’t take a lot of money to get started. Many stockbrokers allow you to open an account for Rs.0.

What is a brokerage charge?

A brokerage charge is a fee charged by a stockbroker company to execute transactions or provide specialized services.

Is money secure in a brokerage account?

Choose SEBI registered broker. Your money will 100% safe. We’ve selected SEBI registered stockbrokers for the safety of readers/followers.

Still not sure? Are you confused? Ask us! Whether you are a beginner investor learning the ropes or a professional trader, we are here to help. Email us we will respond within one business day or call us at +91 955 814 2070. It is our satisfaction guarantee.

Last updated on Aug 1, 2019
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