3 Best full service broker in India (TOP List)

In this post, we have listed the three best full service broker in India list. You can check their features and go with them as per your needs.

Brokers play a crucial role as the initial point of contact for individuals looking to establish their trading accounts.

Full-service brokers, rooted in the traditional stock market model, bring a wealth of research, advisory expertise, and wealth creation experience to the trading and investment community.

For novice traders, these brokers offer a multitude of valuable resources. Users can access stock advisory services, peruse industry and sector reports, and seek guidance on market dynamics, as well as trading and investment best practices. However, it’s important to note that these services are not provided free of charge. Full-service brokers levy fees for their offerings, and the cost can vary significantly.

What is a Full-Service Stock Broker?

best full service broker in india

Full-service stockbrokers are officially licensed financial broker and dealer companies that provide a wide array of services to their clients. These services encompass research and advisory assistance, retirement planning, tax guidance, and more.

Navigating the vast landscape of full-service brokers in the market can be a daunting task due to their sheer numbers. However, fear not, as this article aims to simplify the process by identifying the top 3 full service brokers in India.

Best full service broker in India

Let’s start with the full service broker in India list.

  • Angel One
  • ICICI Direct
  • SBI Securities

1. Angel One – Full service broker in India

When it comes to full-service brokers in India, Angel One stands out as one of the finest choices. What sets them apart is their commitment to providing affordable brokerage fees, offering significant savings for investors in the stock market. With a flat rate of just 20 INR per trade, Angel One ensures that users can keep more of their hard-earned money while participating in the market.

Key Features of Angel One:

  • Diverse Investment Options: Angel One offers a wide range of value-added services, including stock advisory, opportunities to invest in various bonds such as corporate, tax-free, NCD (Non-Convertible Debentures), and government bonds, along with the option for loans against shares.
  • ARQ Intelligence Tool: Investors benefit from the ARQ intelligence tool, a powerful resource for evaluating stock performance and monitoring portfolio health. This tool empowers users to make informed investment decisions.
  • Affordable Account Opening: To open a trading account with Angel One, users are required to pay a nominal fee of 699 INR. Upon opening the trading account, clients enjoy the added advantage of a free Demat account. Additionally, the annual maintenance fee for the first year is waived. Starting from the second year, clients incur an annual maintenance charge of 450 INR.
  • Versatile Trading Platforms: Angel One provides various trading platforms that cater to a diverse set of investment options, including mutual funds, commodities, currencies, bonds, and IPOs. Investors can access a wealth of information, news updates, ledgers, contract notes, and profit and loss statements through these platforms.
  • Convenient Fund Transfers: Angel One ensures seamless fund and securities transfers, allowing users to manage their assets from anywhere and at any time. This flexibility enhances the overall trading experience for clients.

Angel One’s dedication to affordable brokerage fees and comprehensive services makes them a top choice for investors seeking a full-service broker in India. Their commitment to financial empowerment and investor support sets them apart in the competitive brokerage industry.

2. ICICI Direct – Full Service Broker in India

ICICI Direct, a part of ICICI Bank, stands out as one of the top-notch full-service brokerage services available to investors. This platform seamlessly combines an array of banking products with robust stock broking facilities, offering users a comprehensive suite of financial services.

Key Features of ICICI Direct:

  • Diverse Financial Services: With ICICI Direct, users gain access to a broad spectrum of financial products and services. This includes loans, insurance, eLocker services, National Pension System (NPS), Initial Public Offerings (IPOs), mutual fund investments, as well as investment advisory and wealth management services provided by ICICI Bank.
  • Tailored Brokerage Plans: ICICI Direct caters to diverse investor needs with three distinct full-service brokerage plans: iSecure Plan, Prepaid Brokerage Plan, and ICICI Direct Plan. These plans allow users to choose the one that best aligns with their trading preferences.
  • Variable Brokerage Fees: The brokerage fee users incur with ICICI Direct is calculated as a percentage of their quarterly turnover. This variable fee structure ensures that investors pay in proportion to their trading activity.
  • Cost-Effective Account Setup: Opening a trading and Demat account with ICICI Direct comes at no cost, making it accessible to all. However, there is an annual maintenance charge of 700 INR for the Demat account, ensuring seamless account management.
  • Advanced Trading Platform: ICICI Direct provides an advanced trading platform equipped with valuable features like trend scanners and heat maps. These tools empower users to analyze market trends and identify potential stocks for investment, enhancing their decision-making process.

ICICI Direct, a product of ICICI Bank, delivers a comprehensive and integrated financial experience, seamlessly merging banking and stock broking services. With its diverse offerings, variable fee structure, and powerful trading platform, ICICI Direct remains a top choice for investors looking for a full-service brokerage solution in India.

3. SBI Securities- Full service broker in India

SBI Securities stands as a testament to excellence in full-service brokerage, proudly offered by the esteemed State Bank of India. This top-tier brokerage service comes complete with a 3-in-1 demat account, ensuring a seamless and integrated investment experience.

Key Features of SBI Securities:

  • Comprehensive Financial Services: Beyond providing a trading account, SBI Securities enriches its offering with an array of value-added services. These encompass research advisory, trade calls, and the provision of loans against securities, including home and auto loans.
  • Diverse Investment Opportunities: SBI Securities extends its reach to a wide spectrum of investment avenues. Investors can partake in Non-Convertible Debentures (NCDs), Initial Public Offerings (IPOs), Offer for Sale (OFS) events, mutual funds, and more through this platform.
  • Account Setup Costs: Opening a trading account with SBI Securities requires an initial payment of 850 INR, along with any additional service charges. However, clients benefit from a fee waiver for the first year, with no annual maintenance charge for their trading account. Starting from the second year, a nominal annual maintenance charge of 350 INR applies.
  • Robust Trading Platform: SBI Securities offers a robust trading platform that empowers users to conduct online trading effortlessly. This platform supports various functions such as order placement, fund management, creating market watchlists, and more. Moreover, it is accessible across all devices, ensuring convenience and flexibility for traders who can engage with it anytime, anywhere.

SBI Securities, backed by the State Bank of India’s reputation, delivers a full-service brokerage that seamlessly integrates diverse financial services and investment opportunities. With its cost-effective account setup and versatile trading platform, SBI Securities stands as a preferred choice for investors seeking comprehensive brokerage services in India.


This comprehensive guide has covered the 3 best full-service brokers in India, with a bonus addition to the list. It’s essential to keep in mind that each of these brokers comes with its own set of advantages and disadvantages. However, they all offer distinctive features that set them apart and make them shine in the competitive landscape of brokerage services.

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