Top 10 Full Service Brokers in India

Top 10 Full Service Brokers in India

Top 10 Full-Service Brokers are ranked based on trading platform, brokerage, client base, account opening charges, annual maintenance charges and services offered.

Who is a Full-Service Broker?

Full-service broker is a broker who provides comprehensive yet exclusive services to their clients such as financial research, market tips, retirement planning, tax-saving tips and the like.

Full-service brokers are best suited for amateurs with minimal or no knowledge as they usually assign exclusive financial advisors to their clients who direct and assist the clients to buy and sell shares, manage portfolios, wealth management services, etc. and obviously all this comes with hefty brokerage.

Pros Cons

Provides assistance.

Pan India presence with numerous branches.

Provides market reports, analysis reports, tips, and recommendations.

Qualified research team.

Various financial segments.

Relationship manager.

High Brokerage.

Customer Service.

Transparency.

In this review, we will list out some top, well-performing Full-Service Brokers

Factors considered while ranking Full-Service Brokers:

  • Trading Platform
  • Brokerage
  • Client Base
  • Services Offered

Following is the list of Top Full-Service Brokers:

Scroll down to know brief information about them :

Rank Broker Name
1 ICICI Direct
2 Kotak Securities
3 Sharekhan
4 IIFL
5 Angel Broking
6 Axis Direct
7 HDFC Securities
8 Motilal Oswal
9 Reliance Securities
10 Edelweiss

ICICI Direct is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
Total clients AOC AMC Brokerage Margin Trading Platform
26+ Lakhs 975 700 Rs. 15 or 2.5% of turnover WIL Upto 28x on
Equity Cash
&
Upto 7x on
FNO
Desktop, Web &
Mobile

Kotak Securities is a full-service broker established in 1994, headquartered in Mumbai. They are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
Total clients AOC AMC Brokerage Margin Trading Platform
13.5+ lakhs 0 999 0.49% of turnover Upto 15x on
Equity Cash
&
Upto 5x on
FNO
Desktop, Web &
Mobile

Sharekhan is a full-service broker established in 2000, headquartered in Mumbai. They are depository participant of NSDL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Total clients AOC AMC Brokerage Margin Trading Platform
16+ Lakhs 0 450 0.1% of turnover Upto 32x on
Equity Cash
&
Upto 15x on
FNO
Desktop, Web &
Mobile

IIFL is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of CDSL and tehy offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
Total clients AOC AMC Brokerage Margin Trading Platform
40+ lakhs 0 After 5 years Rs. 400 0.05% of turnover Upto 15x on
Equity Cash
&
Upto 12x on
FNO
Desktop, Web &
Mobile

Angel Broking is a full-service broker established in 1987 headquartered in Mumbai, they are depository participant of NSDL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Total clients AOC AMC Brokerage Margin Trading Platform
11+ lakhs 0 531 Rs.15 - Rs. 30 per order Upto 48x on
Equity Cash
&
Upto 35x on
FNO
Desktop, Web &
Mobile

Axis Direct is a full-service broker established in 2011 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
Total clients AOC AMC Brokerage Margin Trading Platform
20+ lakhs 999 499 Rs. 20 per order Upto 20x on
Equity Cash
&
No leverage
on FNO
Desktop, Web & Mobile

HDFC Securities is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Total clients AOC AMC Brokerage Margin Trading Platform
18+ lakhs 1299 0 0.1% to Rs. 25 WIL Upto 10x on
Equity Cash
&
Upto 10x on
FNO
Desktop, Web & Mobile

Motilal Oswal is a full-service broker established in 1987 headquartered in Mumbai, they are depository participant of CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Total clients AOC AMC Brokerage Margin Trading Platform
10+ lakhs 0 300 0.01 to 0.04% Upto 20x on
Equity Cash
&
Upto 20x on
FNO
Desktop, Web & Mobile

Reliance Securities is a full-service broker established in 2005 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
Total clients AOC AMC Brokerage Margin Trading Platform
8+ lakhs 0 200 (5 yr) 0.04% on turnover Upto 7x on
Equity Cash
&
Upto 7x on
FNO
Desktop, Web & Mobile

Edelweiss is a full-service broker established in 1995 headquartered in Mumbai, they are depository participant of CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Total clients AOC AMC Brokerage Margin Trading Platform
12+ lakhs 0 0 1% on turnover Upto 40x on
Equity Cash
&
Upto 4x on
FNO
Desktop, Web & Mobile




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