Top 10 Trading accounts in India

Trading Account is an integral part of any Trading and Investment Journey. Additionally, even if you do not have any knowledge of trading account this article will help you provide a way or path in the right direction. Moreover, there are many things you need to consider before choosing a Trading account and first, you should know what is a Trading Account.

What is a Trading Account?A trading account is used to purchase or sell equity shares in the Stock Market. The trading account helps the investors to buy or sell the shares in a stock market where buyers and sellers meet online. Additionally, the Trading account has a unique ID to perform online transactions. It acts as a link between a Demat account and a bank account for an investor. It helps to make the process easier and seamless. It will be very convenient if you have a Demat, trading, and bank account of the same organization.

What to look for in a Trading Account?Transaction Costs: When you buy or sell any financial products like CFDs, Forex, Stocks, transaction cost is incurred. The more you trade, the higher will be the cost. Moreover, if your transaction cost is so high that it just eats up the profit you earn then it might not be an appropriate account for you. It is very important to consider the Transaction cost.

The reputation of the Company: The next factor to consider while choosing a Trading account is the Reputation of the Company. It is a very important factor as reputation speaks a lot about a certain company and it shows the quality of services provided by them.

Products Available: There are a variety of products available for an investor in the trading account. You should never choose a platform with few products and another platform for another product. You should choose such a platform that provides every product you want to invest in.

Platform Provided: Platform will ensure user experience and availability of tools are satisfactory or not for all investors. There are many platforms with customizable features and charting indicators. Make sure maximum features are provided in your Trading Account.

Ease of Opening the Account: We are looking for an option that is most convenient and simple. Moreover, the Account opening process is not always a hectic job, you should choose such a company that puts user's comfort ahead. There are many times option of online account opening and offline account opening. Online account opening saves a lot of time ad unlike offline you dint have to visit the branch physically.

Top 10 Trading Accounts

Zerodha: Zerodha is the largest discount broker and most trusted broker with a larger customer base of 30 lakh+ customers. The customer support is amazing and the brokerage charges are very low. The brokerage is 0.03% or Rs.20 which is lower per executed order. It can enable you to save almost 90% compared to any full-service broker. The delivery trade is free of cost and it provides great technical analysis.

5Paisa: 5Paisa perfectly falls under the category of Top 10 Trading accounts as the brokerage is the lowest that is just flat Rs.10 per trade. Moreover, in a single trade that even worth crores you just have to pay the brokerage of Rs.10 Per trade. The platform provided is easy to use, fast, and great user experience.Angel Broking: Angel Broking is one of the oldest brokerage companies in India with up to the mark customer care service. Angel Broking has many great Trading platforms like Angel broking Trade, App, Speed Pro, etc that enhance the user experience. Trading account opening Charges are Rs.0 and the KYC process is completed in just 1 hour.

ICICI Direct: ICICI direct lies in the category of one of the largest stock brokerage companies. There are two Trading platforms like Trade Racer Web and Trade Racer Desktop for easy conduct of trading. Additionally, there are three types of brokerage plans like Prime, Secure Plan, and Prepaid plan.Upstox: Upstox is one of the best discount brokers all over India with key benefits like advanced technology platforms, cheap brokerage charges, and high margins. The trading account opening is free of cost and the account opening process is speedy.

Axis Securities: Axis Securities is a full-service broker that also provides a 3-in-1 account for easy execution. Additionally, trading platforms like Swift, Direct, Axis Direct Life make the process of trading hassle-free. It offers free research and a large number of products.Axis Direct account opening Guide

Share khan: Share khan is one of the leading broker companies with no trading account opening charges. Moreover, there are online and offline training workshops provided to the investors. The call and trade facility is free of cost with no AMC for the first year.

Religare: Religare Securities Ltd (RSL) provides online and offline platforms for its customers. The customer base of Religare is more than 8 lakh and Trading account opening charges are Nil.

HDFC Securities: HDFC Securities provides online and phone trading with a 3-in-1 account facility. The seamless transaction, speed, no manipulation, and safety make it a good choice for a trading account.

Kotak Securities: Kotak Securities provides a three-in-one account that consists of Trading, Demat, and Bank accounts. There are many account types provided for the investors to choose from that best suits their requirements.

ConclusionTo sum it up, here in this article we have provided suggestions of Top 10 Trading accounts that will help you start or continue your trading journey. Most of these companies provide a Demat account too which will make things much easier. Moreover, the factors that are mentioned in this article should always be considered for choosing a Trading Account and try to find one which matches all your requirements. Additionally, other factors that you need to consider are Mobile Support, Platform Performance, and Educational Support. Choose the best that suits your goals the most and enjoy the adventure of trading in the stock market.

S. Vishwa is web marketing analyst at Finology Ventures. With 5+ years of web marketing experience, joined a Fintech company to help people to learn and earn more.