How to choose a good broker for demat account services?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 aliya bhat asked over 3 years ago

How to choose a good broker for demat account services?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chirag answered over 3 years ago

Best brokerage service isn't absolute. What is good for you will depend on your requirement. What I will say most definitely is to go with one of the larger brokerage houses rather that a local brokerage/sub-broker; they are all but redundant and offer no benefits over the bigger players. Some of the bigger full service brokers in India are: * ICICI Direct * Kotak Securities * Motilal Oswal * Sharekhan,etc If you are planning to day-trade and have sufficient turnover, then traditional brokerage houses aren't even for you-- you should look towards discount brokers like Zerodha,etc. for a demat account. There are a number of service providers out there who are good at different aspects of service. What is best for you will be different from what is best for others. Do your own research and due diligence based on your needs and requirements. Use sites and forums online that will help you compare brokerage services -- Discussion forum for Stocks Commodities & Forex is one example. Some of the factors that you will want to consider are: * Brokerage charges * A/c maintenance OR Annual charges. * A/c opening charges and initial costs * Ease of trading on phone, online platform, mobile app, etc. * Margin / exposure allowed * Customer service, etc

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