10 Best Brokers for Equity Trading in India 2023

Stock trading or equity trading is one of the most popular segments. Whether you are a trader or an investor, you will be interested to know the best brokers for stock trading and investing in India. Compare the equity trading brokerage charges of different brokers and find out the most popular brokers for stock trading.

What is Equity Trading or Stock Trading?

Equity trading, as the name implies, means buying and selling shares of a company. Every broker affiliated to the BSE and NSE allows its clients to trade in shares of listed companies.

When a beginner enters the world of stock market, he first starts trading and investing in stocks or shares. If you have an active trading and demat account with a registered stock broker, you can trade in the stock market. Your broker will charge a brokerage fee for stock trading.

Trading in stocks can be done via;

• Equity intraday trading: when a trader buys and sells stocks on the same trading day, it is called intraday or day trading.
• Equity Delivery trading: Delivery or Cash N Carry (CNC) means an investment in shares, i.e. shares bought today are held in the investor's demat account.
• Equity Derivatives Trading (F&O): When a trader buys and sells stock futures and options contracts instead of trading stocks, it is called derivatives trading.

Factors to select the Best Broker for Equity Trading

Although the cheapest or lowest broker is the most important factor, there are other factors that cannot be avoided when choosing the best broker for trading stocks. The list includes;

• Brokerage fees, preferably a flat fee model like a maximum fee of 20 rupees per order.
• User-friendly platforms including mobile App and website
• Technical indicators and tools as well as advanced charts
• Details on F&O contracts like open interest analysis, option chains, Greek options, etc.

Also check,

Best brokers for intraday trading

Here we have provided a list of top discount brokers that charge their clients the lowest brokerage fees for stock trading. All recommended stock brokers follow a flat fee model and charge a flat brokerage fee per trade executed, regardless of the amount you trade. This plan helps traders and investors save huge brokerage costs.

Before opening an account with a discount broker, check the brokerage fees in the different segments and read the full review to know the stock trading features available.