The list of top 10 full service brokers in India in 2023:
Finding a good broker when it comes to investing your hard-earned money is very important. Before choosing any broker, you should know almost everything about them as much as possible. And figure out if they are a good match for what you are looking for. So, for making your work easy, we have made the list of top 10 full service brokers. Some details may slighlty vary and may not be 100% accurate.
Only Top full service brokers:
We have ranked them in our opinion on basis of brokerage charges, customer base, establishment year, service quality, reviews and support.
Lets Start the top 10 full service brokers list:
1. Sharekhan
Sharekhan comes at the top of the list on basis of us because its main focus is on broking business and seems very dedicated to provide their clients with as much as they can, the mobile app sharekhan’s user interface is good and also their software tradetiger is best.Their brokerage charges vary depending on turnover and stuff and overall we consider them as the best in full service broking.
Brokerage charges:
- Delivery: From 0.1% to 0.5% on turnover
- Intraday: From 0.01% to 0.05% on turnover
- Futures: From 0.01% to 0.05% on turnover
- Options: From Flat ₹20 to Flat ₹250 per lot
Other details:
- Customer base: Around 15 lakhs
- Advisory: ⭐⭐⭐⭐⭐(5 stars)
- Establishment: 2000
- Reviews: Great
‘This‘ will be your brokerage in sharekhan if you open account through above link.
2. ICICI Direct
Icici direct is a well known company with a good service quality and overall good customer support, Icici bank is the owner/father of Icici direct which makes it more reliable and trustworthy. According to us, their user interface is okay. And overall it is at 2nd place from top 10.
Brokerage charges:
- Delivery: 0.55% irrespective of turnover
- Intraday: 0.05% and if same day square off then next leg ₹50
- Futures: 0.05% and if same day square off then next leg ₹50
- Options: ₹95 per lot and if same day square off then next leg ₹50 per lot
Other details:
- Customer base: Around 25-30 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 1994(Approx)
- Reviews: Good
3. Angel Broking/One
Angel broking which is now angel one has parts both in full service and discount broking. Its user interface is good and services are also good with a good technical support, services vary on basis of discount or full service which causes a little issue but else all good. We have placed it at 3rd position as per our opinion.
Brokerage charges:(Full service based)
- Delivery: From 0.2% to 0.5% on turnover
- Intraday: From 0.02% to 0.05% on turnover
- Futures: From 0.02% to 0.05% on turnover
- Options: From Flat ₹20 to Flat ₹250 per lot
Other details:
- Customer base: Around 70 lakhs
- Advisory: ⭐⭐⭐⭐(4 stars)
- Establishment: 1996
- Reviews: Good
4. HDFC Securities
HDFC securities can be a good choice if you focus on reliability as HDFC bank is the father company of HDFC securities and as we all know HDFC bank is a huge bank in India. But when it comes to user interface we found it kind of okay. Overall services like advisory and technical support are good. We consider it to be in the 4th position as per our opinion.
Brokerage charges:
- They have 8 different plans (Prepaid/postpaid)
- You can check all plans ‘here‘
Other details:
- Customer base: Around 7-10 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 2000
- Reviews: Good
5. Motilal oswal
Motilal oswal is a broking business company and it is an old company but according to our experience its user interface is very complex and brokerage charges seem far higher comparatively, but overall services are quite okay and the company is reliable and has a good name in industry.
Brokerage charges:
- Delivery: From 0.3% to 0.5% on turnover
- Intraday: From 0.03% to 0.05% on turnover
- Futures: From 0.03% to 0.05% on turnover
- Options: From Flat ₹35 to Flat ₹250 per lot
Other details:
- Customer base: Around 10 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 1987
- Reviews: Fine
6. Axis Direct
Its for sure is a well known company and is better according to service quality wise. Axis bank is the father company of axis direct and due to that the reliability increases. Certainly as per our experience user interface is normal and not extra ordinary. But can be a good choice if you want to go for a safe investing.
Brokerage charges:
- Delivery: 0.5% on turnover
- Intraday: 0.05% on turnover
- Futures: 0.05% on turnover
- Options: From Flat ₹50 to Flat ₹250 per lot
Other details:
- Customer base: Around 3-5 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 2005
- Reviews: Fine
7. Religare
Religare is in top 10 because it only focuses on broking business that accordingly makes it a good source of quality services. Its user interface is also better than axis direct and hdfc securities comparatively as per our experience basically but its in the 7th position because of client base and reviews.
Brokerage charges:
- Delivery: From 0.2% to 0.5% on turnover
- Intraday: From 0.02% to 0.05% on turnover
- Futures: From 0.02% to 0.05% on turnover
- Options: From Flat ₹30 to Flat ₹250 per lot
Other details:
- Customer base: Around 8 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 1982
- Reviews: Fine
8. AnandRathi
Yes, Anandrathi is also a broking business focused company, which makes it a good choice for safe investments as their prior focus is on broking. Anandrathi is a well known broker in Gujarat mainly. However, Its good point is that it is also an old company. User interface is okay. Altogether, We consider it suits 8th position out of 10, as per our experience.
Brokerage charges:
- Delivery: From 0.15% to 0.5% on turnover
- Intraday: From 0.015% to 0.05% on turnover
- Futures: From 0.015% to 0.05% on turnover
- Options: From Flat ₹20 to Flat ₹250 per lot
Other details:
- Customer base: Around 4 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 1994
- Reviews: Okay
9. SBI securities
It’s a full-service broker. SBI securities’ father company is SBI (State bank of India), that makes the company reliable and trustworthy. However, As per us, the services are quite normal and not that good and also the user interface for trading is okay. You can join sbi securities if you have alot of trust in SBI. By far we find it an okay broker.
Brokerage charges:
- Delivery: 0.5% on turnover
- Intraday: 0.05% on turnover
- Futures: 0.05% on turnover
- Options: ₹100 per lot
Other details:
- Customer base: Around 30 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 2006
- Reviews: Okay
10. Choice broking
This broker started recently and got some fame during lockdown, their business expanded alot during 2020 and overall its focus is mainly on broking business which is a positive point, although their user interface is quite good, but on basis of customer base and fame maintenance we feel like they could have performed better.
Brokerage charges:
- Delivery: 0.2% on turnover
- Intraday: 0.02% on turnover
- Futures: 0.02% on turnover
- Options: ₹25 per lot
Other details:
- Customer base: Around 2-3 lakhs
- Advisory: ⭐⭐⭐(3 stars)
- Establishment: 2010
- Reviews: Okay
So the list of top 10 full service brokers is over.
We hope that this made you clear which broker would suit you out of the top full service brokers
If a name you expected in the list and is not there, please let us know in comments below, we will research them and may update about it too.
And as we already said, details mentioned above may not be 100% accurate, if you think some changes need to be made, then also do comment below or mail us.
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