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| groww |
many peoples ask which app is best for trading in india? here are the top 5 best trading platforms in india which would be those platforms which provide good experience in all the aspects of trading. today in this blog you'll get to know about the top 5 best stock broking apps and websites which provides better user experience. this apps and websites are angel broking app, zerodha, upstox, groww and icici direct.
when someone thinks of opening a demat account or starting of trading and investing in stocks the first thing came to his mind is confusion's like which broker would be the best option in india, which brokers take low brokerage charges, the easy interface of website, tips and support, help center, etc. at this time but obviously a user go with the broker reputation, brand trust, growth from past few years till now, active clients, offline presence, etc. so, in this blog you'll get to know about the 5 best brokers.
company's background
- angel broking :-
angel broking company started in the year 1987 with the full service stock broking company, but as the competition rises and due to the entering of new players in the stock market it also come up with discount stock broking. and currently it also provides discount stock broking services through it's sources.
- upstox :-
upstox is one of the best stock broker which in india, it is started from the year 2009
along with that it came into discount stock broking sector from the year in 2012. currently it has a large number of active clients across the world.
- groww :-
groww is also a well known company in india, it has a strong client base in very short amount of time, this company got started in the year 2016. when it get started it likely to deals mostly with the mutual funds schemes, it means most of the investors used to invest in mutual funds through this app. but currently it also deals in companies equity.
- zerodha :-
zerodha is the leading discount stock broking company in this race as it is the first discount stock broking company in the market which is started from the year 2010. currently peoples like to create their demat account and all with this broker due to its brand, reputation in the market and the low brokerage charges.
- icici direct :-
icici direct is one of the trusted platforms in which also have lots of active clients, on 3rd may 1995, the company was granted for the commencement of buisness. however it actually started in 2000, it launched its electronic brokerage plan currently it provides some of the brokerage plans which helps to reduce the charges and its make this company a kind of discount broking firm.
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| angel one |
client base
client base actually refers to the count of active clients that a firm currently have, these active clients are verified on the basis of their transactions. atleast a single transaction from a user within six months can be considered as an active client. this platforms acquire a large number of clients they are -
- angel broking :-
on the current date angel broking has more than 15.6 lakhs of active customers trading on their platforms.
- upstox :-
on the current date this firm had more than 21.4 lakhs of customer base and their holdings on the platforms.
- groww :-
as groww is the new player in this market it has a low client base but even in a short period of time it had created a good brand image in the mind of the customers. currently it have more than 7.8 lakhs of customers in their platforms trading or investing in stocks and mutual funds on daily basis.
- zerodha :-
as it is one of the oldest and leading discount brokerage platform it has a customer base of more than 24 lakhs active clients.
- icici direct :-
as it is one of the biggest platform for securities trading in india it has a client base of more than 50 lakhs active customers across the world.
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| upstox |
investing options
- angel broking :-
as angel broking is regulated with the guidelines of nse, bse, mcx and ncdex it allows it's users to trade in all the aspects of trading things like stocks, ipo's, mutual funds, commodities, currencies, etc.
- upstox :-
upstox is only regulated by the guidelines of nse, bse and mcx there is no interference of ncdex in the programming of upstox. due to this there are some limitations on trading of commodities and derivatives.
- groww :-
groww is only regulated by the guidelines of nse and bse. there is no involvement of mcx and ncdex on the platform. which reduces the options of trading in commodities, currencies and derivatives. one can only invest in stocks, mutual funds, ipo's and soverign gold bonds.
- zerodha :-
in this case zerodha is similar to upstox as it only regulated by the guidelines of nse, bse and mcx, an investor get some limitaions of investing in commodities and derivatives.
- icici direct :-
in case of icici direct it is similar to angel broking as it is regulated by all the four an investor can get a chance to explore and invest in wide range of securities.
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| zerodha |
demat account
- angel broking :-
as it is one of the biggest trading platform it does not charge any account opening fees to the users rather than that it charges account maintaining fees of rs 400 to rs 450 annually. and this charges got levied to the customers from the second year. for the first year they did not charge any account maintaining fees. the brokerage charges for delivery basis in angel broking is zero. other than that the depository charges are of rs 18.50.
- upstox :-
upstox does not charge any account opening fees to its customers however it charge account maintaining fees of rs 25 per month which is 300 rs a year and it also charge 18% of gst. the brokerage charges for delivery basis in upstox is also zero. other than that the depository charges is of rs 18.50.
- groww :-
groww does not charge any account opening fees or account maintaining fees to its investors which is a good thing but on the other hand it charged its user for delivery based trading, and the charges are 20 rs or 0.05% whichever is low. here the depository charges is of rs 13.50.
- zerodha :-
zerodha charges 300 rs as the account opening fees and it also charge 300 rs as the account maintaining fees every year. rather than that it is a bit similar to groww, as it also charges 20 sr or 0.05% brokerage on delivery basis trading. apart from that it also has the depository charges of rs 13.50.
- icici direct :-
icici direct is one of the biggest platform to invest in scurities, it does not charge any account opening fees. but it charge account maintenance fees from the second year of rs 300 however for the first year they don't charge any amount as account maintenance charges, rather than that the brokerage charges for the equity delivery trading is 0.55% which is a bit on the higher side. and the depository charges is of rs 14.5 with gst.
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| icici direct |
equity margin
- angel broking :-
currently angel broking is the best platform which provides the highest leverage on intraday that is of 20 to 30 times margin on the basis of the amount investing and for futures and options it provides 2 to 3 times of margin.
- upstox :-
as compared to angel broking it provides very low leverage on intraday stock trading that is of 5 times rather than that it provides 2 to 3 times of margin on futures and options chain.
- groww :-
currently it provides the lowest leverage on stock trading that is of 5 times of leverage on intraday stock trading other than that it also provides 1 to 2 times of margin for the for futures and options chain.
- zerodha :-
zerodha is one the leading discount broker who provides the leverage of around 28 times on the amount investing, however it provides only 1 times of margin on futures and options trading.
- icici direct :-
icici direct also provides the leverage of 5 times on the 20% of trade value and along with that it only provides 1 times of margin for stocks futures and options trading.
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