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Best Stock Broker in India with lowest brokerage charges and least complaints from customers

It’s safe to say that such broker exists in India apart from Robinhood in America. There are only two brokers that came to my mind when I read this topic.

  1. FINVASIA -
    1. Brokerage Charges
      1. Trading Account Opening - Rs. 0
      2. Demat Account Opening - Rs. 0
      3. Trading Account AMC - Rs. 0
      4. Demat Account AMC - Rs. 0
      5. Segments (Equity Intraday, Delivery, FnO, Currency, Commodity) - Rs. 0 per executed order
    2. Complaints / Ratings
      1. Complaints filed to NSE 2019–2020 (upto 30th April): Nil
      2. Google Reviews: 4.6/5 (28 ratings)
      3. MouthShut: 4.1/5 (297 ratings)
      4. Chittorgarh: 4.32/5 (14 ratings)
      5. Personal Rating: 4.8/5
      6. Common Issue: Usage of Scalpert trading platform, but recently about last month, it had a major update and many people satisfied with it.
  2. FYERS -
    1. Brokerage Charges
      1. Trading Account Opening - Rs. 0
      2. Demat Account Opening - Rs. 0
      3. Trading Account AMC - Rs. 0
      4. Demat Account AMC - Rs. 400
      5. Segment (Equity Delivery) - Rs. 0
      6. Segments (Equity Intraday, FnO, Currency, Commodity) - Rs. 20 per executed order
      7. Offer to free all segments (reimburse) only when you won the 30-days challenge.
    2. Complaints / Ratings
      1. Complaints filed to NSE 2019–2020 (upto 30 April): One
      2. Google Reviews: 4.2/5 (83 ratings)
      3. MouthShut: Nil
      4. Chittorgarh: 3.52/5 (8 ratings)
      5. Personal Rating: 4.5/5
      6. Common Issue: Some technical issues and high debit DP charge.

Feel free to share your experience or your views on these two brokers in the comment section. Share which other brokers that should fit on the topic (cheapest brokerage + least complaint). 

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Monday, 24 June 2019

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