There are a number of options in the market for online trading in India. Hundreds of brokers are there in the market. So, it is obvious to be confused while choosing the best out of them.
Today people are more aware and used to online activities. This has encouraged the stock market participants also.
Earlier traders and investors called brokers to place orders for buying or selling. They had to keep in touch with the broker for market price and block a deal. All the infrastructural facilities were available with the broker.
Today the situation is completely different. We are living in digital era. And almost all the brokers have developed apps so that their clients can watch the market movements and also place orders. Some have facilities for various charts and reports also.
The Discount brokers are the ones who have popularized online trading into the mass and included more investors to the market. They have developed good online platform for trading and investing at minimum charges.
One of the best among such brokers is Zerodha who introduced this model of discount broking in India in 2010. They have achieved the honour of being the fastest growing broker and the largest broker in India.
Brokerage:
Intraday/Daytrading: 0.01% or Rs 20/- whichever is lower per executed order
Delivery: Nil/Zero
Other Facilities:
- They are technology based broker, obviously advanced.
- They provide one of the best trading platforms in the market.
- They have developed and included advanced charts and indicators to their trading platforms-Kite for web/android/ios and Pi for Desktop.
- Advanced order placing system.
- Tools for calculation of Margin, Brokerage, F&O, etc
- Varsity for knowledge of the clients.
- Easy fund transfer through IMPS/NEFT/RTGS.
- Coin for investing in Mutual Fund on Direct and Indirect mode.
- Experienced traders/investors can take up 60 day challenge under which one can get refund of brokerage maximum Rs 6,000/- if ended the period of 60 trading days with profit.
- Good customer service.
- Online account opening facility available
With Aadhar and Bank details one can easily open an account with Zerodha in a few minutes.
So, in all respects Zerodha is the best place for online trading in India.