We at Top10stockbroker.com believe that choosing the right stock brokers for our readers is of utmost importance. We have put in our 10 years of experience to filter out 5 most important metric to judge the broking houses. These are the five important metric we look at before finalizing the Top 10 stock broker in India 2017 –
1. Stock Advisory, Research & Tips
2. Broking House Brokerage Charges & Fees
3. Products & Services offered by Stock Brokers
4. Trading Platforms provided by Stock Brokers
5. Broking House Experience
Ranking of Top 10 Stock Broker in India 2017
|Broking House||Rating||Know Broker||Demat a/c|
Kotak Securities rules the roost with no. 1 ranking & top rating based on our 5 criteria. They are ranked 1 for two most important criteria i.e Stock advisory & trading platforms. Also ranks second in product & services. They are also well known brand in securities segment & quite popular among high spending clients.
ICICI Direct is ranked 2 with a very good rating nearly similar to kotak securities. ICICI s ranked 1 for product & services, ranked second for research & trading platforms. They are the largest stock broking house in terms of number of clients in NSE. They are also very active in marketing & brand building.
Zerodha is Ranked 3 in top 10 stock broker in India. They are ranked no 1 in Brokerage criteria & are ranked 3 in trading platforms. They are the largest discount broking house in the country & have emerged as one of the fastest growing stock broker in last 2 to 3 years. Zerodha is renowned for their branding strategies.
Edelweiss is ranked 4 in top 10 stock broker in 2017 but they are extremely powerful brand. They are the only broking house who don’t spent a single marketing penny & still ranked among the top 5 stock broker. They offer all sorts of products & services, they also charge premium brokerage and still they are very strong in this segment. Their trading platforms are extremely powerful & have massive experience in this sector.
Angel Broking is ranked 5 among the top 10 stock broker in 2017. They are quite competitive in all the criteria but not a leader in any of them. They are highly experienced stock broking company hence; their clients have lots of faith in them. In last 2 years they have emerged as a powerful brand in this sector & have introduced a lot many products & services. They are also acting as a pioneer in this sector for digitization of entire stock broking processes.
Rest 5 Stock Brokers are India Infoline at rank 6, Sharekhan at rank 7, Motilal Oswal at rank 8, HDFC Securities at rank 9 & Karvy at rank 10. They are also trying their level best to enter in top 5 segments but by feb 2017, Top 5 brokers are beating them in all criteria. But keep your eyes on these 5 aswell as the ranking gets posted every month based on NSE & BSE performance & Clients Positive Reviews & Complaints.
Let’s see if the ranking changes by end of March or not by then these are our list of top 10 stock brokers in India.