14/04/2021
Very frequently one question asked, which is best brokerage house, where should I open demat account?
My view:
In India, 2000 onwards online Trading started when tech companies and internet is new to world and booming across globe. Many banks like ICICI ,HDFC ,SBI started their online Trading platforms, meanwhile many other financial services like Edelweiss, Sharekhan, Angel, IBull, IIFL also introduced their online Trading platforms. These all are full time brokerage services.
Discount brokerage services concept not introduce by anyone till yet, though in USA discount brokerage concept is booming.
Then in 2008, new player from non financial background came and introduce concept of discount brokerage services in India first time. That 1st company which introduce this concept is Zerodha, currently number one discount broker in India and number one in customer acquisition also even before ICICI Direct presently. It introduces various new features in Indian stock market like Brack Order Concept. BO(Bracket Order) is first introduced in Nifty then after that it open for stocks also.
Currently there are various discount broker in India like Zerodha, Upstox, Fyers etc.
Almost I used all interface either it's full time broker or discount.
I am giving my rating/view below:
Full time broker:
Sharekhan is best broker in India as per my experience. It's app ,web application is best and user friendly. It's Trade Tiger software is best for analysis, there is no comparison of Trade Tiger with other broker. Sharekhan is previously own by CITI group USA (CITI Bank), now it is owned by BNP Paribas (France leading bank). If you are a Day Trader (Intraday), then yes it's brokerage is high as compared to discount broker.
Discount broker:
Zerodha is number one discount broker in India followed by Upstox second which is funded by Ratan Tata. Both have similar features and offers to customer. As per my view upstox performance is better than other discount broker.
Conclusion: If you are frequent trader, and you want to save brokerage then definitely go for discount broker.
GMM TRADE Eood е сертифицирана по ISO 9001 с обхват Производство и търговия със стоманени продукти