Selection of broker for trading in stock market

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Divyesh Jain is seeking advice on the best stock broker for long-term investment in the Indian stock market. He's considering HDFC Securities but is concerned about its high brokerage fees and wants to understand the total costs involved. Other users suggest exploring options like Zerodha (known for zero brokerage but with some reported technical issues), Angel Broking, Sharekhan, and Motilal Oswal, highlighting that shares are held securely in NSDL/CDSL demat accounts regardless of the broker.

DIVYESH JAIN

DIVYESH JAIN (Querist)

17 October 2021 Dear Sir,

Which trading platform is suitable for a person who wants to invest in stock market shares in India for a long-term basis for about 5 years? Is HDFC Securities a good platform considering its high brokerage charges?

Also I am not aware what is the total amount we need to pay as brokerage including taxes.

Please help me in this matter.

Regards,
Divyesh Jain

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

17 October 2021 There are some other broking house with lesser brokerage and almost same trading facility, which needs to be check up like Zerodha, Angel Broking, Sharekhan, Motilal Oswal Etc..

DIVYESH JAIN

DIVYESH JAIN (Querist)

17 October 2021 Zerodha is a good option as it has zero brokerage but is it safe to trade with Zerodha especially when your investment goal is for Long term. HDFC is a brand name which everyone trusts.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

18 October 2021 We are not having any experience with zarodha, but its web is giving problem like hang out.
We are well versed with Sharekhan and Angle broking. Both are working fine. Brokerage almost minimal (depends upon your criteria). Safety wise, totally safe, as shares lies with NSDL/CDSL demat acc.

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