Before looking into the best online trading account in India, let us understand what is an online trading account and why we need one.
Online Trading Account means the facility provided by your broker to trade yourself using the internet on your laptop or desktop or using your smartphone. Online trading enables the trader to trade from anywhere during the market hours.
Why we need Online Trading Account?
We need Online Trading Account for the following reasons:
- Can access the market and perform trade from anywhere using the internet.
- No dependency on any person to execute the trade for you, that way you don't miss any time-sensitive trade.
- Seamless transfer of money in and out of your trading account.
- Access to various charts, reports, market research and analysis on the broker's website.
- Other investment options are available like IPOs, mutual fund, government bonds, and securities.
- Trade on various exchanges and various segments.
- You know your available margin, portfolio, profit&loss details at your fingertips.
- Instant orders and execution of the trade.
- Hassle free and fast online account opening process.
The Best Online Trading Account in India:
Zerodha: Free investment in stocks, Rs 20 flat brokerage charges on intraday and F&O, user-friendly yet feature-rich Kite trading platform, and free direct mutual fund investment are the top-notch reasons for recommending Zerodha as the best online trading account provider.
Other recommended brokers are Upstox, Groww, Angel One.
