How to find the best brokerage firm in India?

Who is the best broker for you? It depends on your requirements or what you are specifically looking for, which may be lowest brokerage charges, lowest maintenance charges, free delivery trading, unlimited zero brokerage plans, free direct mutual fund investment or the best platforms.

Now, talking about the best brokerage firm in India while looking at all types of investors/traders is a bit tricky. Not every investor is the same or their needs. However, by following these 2 easy steps, you can easily come to a point to pick one or two good stockbrokers that suffice your trading needs.

1. Know your needs

If you know your needs then finding the best brokerage firm for you will be easy. So basically finding the best brokerage firm involves asking a question to yourself to know what do you need.

The questions you can ask to yourself are :

• What will be the cost of trading for me, do I want to pay a percentage of trade or flat fee?
• How frequently do I trade?
• Which segment (equity delivery, intraday, equity derivatives, currency or commodity) I want to trade in and which exchange (NSE, BSE, MCX)?
• Which trading platform best suit my trading needs?
• What all other investment offerings I am looking for like IPOs, mutual fund, bonds, and government securities?
• How much margin do I get from my broker for intraday and derivative trading?
• Do I need a 3-in-1 account for smooth and hassle-free trading or 2-in-1 account?
• Do I need tips and recommendations from the broker?
• Do I need assistance in trading or do it myself?

2. Shortlist one or two broker from the list

If you know answers to these questions, then all you need to do is shortlist one or two broker from the best stock brokers in India that best suit your needs.