Shabbir Bhimani

Wanna invest in the right stock at the right price & at the right time.

Who’s Your Top Preferred Stock Broker – Vote Now

I shared my views on as many as eight major stock brokers’ of India. The ones that I use may not be the best ones and so I thought let us have a poll for blog readers. Just vote for your preferred stock broker now.

Who is Your Preferred Stock Broker To Trade and Invest?

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If you do not see your preferred broker in the list select other and post the name details in comments below.

Wanna invest in the right stock at the right price & at the right time.

  • Jinesh

    How about rksv.in? I have been a customer with them and they are much much cheaper than all of the ones you mentioned above. Also they have good support

    • I don’t have personal experience with them and so cannot comment on their services Jinesh.

  • punith

    how about canmoney ?

  • Gadeepan

    I think, Emkay is best one.

  • gopinathan k

    My daughter has an a/c with them. They are polite and reasonable.The only problem
    with them is that their technical analysis superb.The contrast is that when they give a
    buy or sell call -usually after the stop loss has been hit- and we have exited the position,
    the stock would go in the direction as predicted by them.The broker is
    Angel Broking.

  • India Infoline

    Do you have any idea about India Infoline? I got a call from them to open an account and should I go with them?

  • Rahul Gupta

    Hello Shabbir,

    Please advice me on Kotak Securities demat account and services.

    Thanks & Regards
    Rahul

    • Again Rahul, my answer is same. I do not have personal experience with them.

  • plesae give your comment on selection of broking services out of these three. I wish to select from intraday, tips and BTST prospective point of view.

    1. Motilal Oswal
    2. Edelweiss
    3. Way2wealth

    • I only have experience with MOSL and so I cannot comment on other two but MOSL is quite good for what you are looking for.

  • Noor Ahmed

    to continue above question , those UTI Equity MF’s are in divident only. I want to invest 4000 more in SIP’s (1000/- per each), so i go for divident or growth and which are best.?

  • Noor Ahmed

    Hi Shabbir,
    Thaks a lot for the entire enriching guidance on every aspect of trading.I am 1st time investor and just today i have taken 2 ELSS and 2 SIP’s.
    For Tax i have taken HDFC Tax Saver (Dividend) and L&T Tax Fund (Dividend) for Rs/-2000 monthly SIP each for 3yrs period.
    Equity SIP’s are UTI Banking MF and UTI Pharma Fund (1000 Rs/ Monthly- each for 3yrs). Do u think its a Good Investment? This was opted by a financial advisor.. I want to invest 4000/- more on other SIP, pls suggest what should i opt for?

    Thanks a ton in advance.

  • hitesh

    Hello Shabbir,

    I got a trading account and demat account open from Angel Broking on 30th July.
    The charges are 30p/6p as informed to me whilt opening the account.
    Now suddenly i got a call from Angel Broking saying that you need to do a minimum trading of Rs.10000 worth of shares to avail the charges of 30paise per 100.
    If i want to do purchasing of anything below 10000 then the brokerage would be 2.5% of purchase value i.e. if i purchase shares of Rs.5000 then the brokerage will be 5000*2.5%=125 and if do purchase shares of 10000 or above then the brokerage will be (10000/100)*.3=30
    They told me that the rule has come from SEBI from 1st August 2010 and will apply to all broker, whether its Angel or Sharekhan.
    So , I just wanted to confirm wheyher its true or not?
    HItesh

    • Hitesh, It is complete untrue and there is no such rule which I am aware of. Ask them to show it on the official website and if it is too much get out of them

  • Hello Mr Hitesh and Respected Shabbir Sir

    The brokerage which hitesh had calculated is ok with Deliver base only.

    well i had made a website where you can enquire all about demat brokerage charges and various other charges implied by the brok houses, please give it a look and guide me if any modifications are required.

    Kind Regards
    Alok Agrawal
    http://www.theequitymarkets.com/demat_acc_charges.htm

  • Hitesh

    Hi Shabbir,

    I enquired about trading and demat account with India Infoline.
    They told me that charges are 3p / 30p per 100. what does that mean ?
    Is it that if I purchase a share worth Rs.1000 then the net cost price will be 1000+(1000/100)*.3=

  • Hitesh

    Hi Shabbir,
    I enquired about demat and trading account with India Infoline.
    they told me that 3p/30p per 100 are the charges. 555 is lifetime AMC.
    Now when i purchase shares worth Rs.1000 , will the actual cost price will be 1000+(1000/100)*.3=1003 or what ?
    Pls advice

    • Yes Hitesh your price would be what you have calculated but that is with day trading.

  • I am surprised nobody mentioned icicidirect in the comments. they are ok

    • The reason no one mentioned in comments is because they are in the list of voting options.

  • Hi

    to my view my brokers HDFC sec and Almondz global are best.

    though HDFC is bit expensive but is also best in service

    Regards
    Alok

  • Arvind Kumar

    I have demat and trading account with M/s Geojit. What I find is that the delivery brokerage is high. 0.75 per hundred rounded off to higher figure at every step. If I have to do trading with delivery system, then I have to add I have to add say Rs 10/- for every 500 rupee share that I buy. This means if I buy share for Rs500/- and take delivery, then I have to necessarily sell for above Rs 510/- to make any profit.(not considering the interest loss). Thus I have less opportunity.

    For day trading by phone I have other problems. frequent power failures, internet hanging, not getting proper website, waiting for getting the phone line etc. Not tried online trading yet. (If one subscirbes for online trading, M/s Geojit does not accept phone orders). I am not finding any freeware through which I can get streaming live quotation of BSE of stocks selected by me. Is there any freeware for this, which does not hang?

    I am in the learning process for intra day trading, I am in the process of identifying shares less than Rs 500 and have high volatility and comparitively safe if saddled with. I have identified Tata Steel as one such candidate. Is there any such share you can suggest?

  • joshi

    Ventura I like most.

  • Hemant

    Geojit with its platinum platform is my best bet. PRabhudas Liladher is slow and steady and clean too. Indiabulls is my long term buddy as it works on common Operating systems like Linux, OS X and Widnows.

  • parackal thomas

    FINLORD INVESTMENTS in KERALA and MUMBAI are my Brokers and I found they give personal attention.

  • Sumit

    iv been using india infoline. since im not much into trading, havent faced any problems yet.

  • I have experience with the following only ,in Kerala.

    Karvy
    Geojit BNP Paribas Financial Services Ltd.
    Both are acceptable to me.

Shabbir Bhimani

Royal Heritage,
New Rander Road,
Near Causeway Circle,
Rander Surat - 395009
Gujarat India
More in Poll, Stock Broker Review
ShareKhan Review

I did share my views and experience with Religare, AnandRathi, Reliance Money, Indiabulls, HDFC Securities, Motilal Oswal, ICICIDirect and today...

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