Cashback on Brokerage
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Today it’s possible to buy and sell stocks from India and other parts of the world through online share trading platforms, making it cheaper and easier than ever before. Learn how these online brokers work, how you can make money from stocks, what kinds of fees you’ll pay and what all that confusing terminology means in this guide.
Online share trading platforms make it cheaper and easier to buy and sell shares from India and overseas. You can use our stock broker comparison table below to compare fees and features and find the best deal for you.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
In the pre-Internet era, the only way to buy or sell shares was by hiring a full-service stockbroker, which could be expensive and time consuming. Today, investors can buy and sell shares themselves through online trading platforms (aka online brokers).
Using an online platform is far cheaper than using full-service brokers. When you buy shares online, you’ll pay a brokerage fee for each transaction, which typically ranges from ₹0 to ₹20 for trades on Indian stock exchanges, as opposed to ₹35 or more for full-service brokers.
The standard trading hours for Indian stock exchanges like the National Stock Exchange of India (NSE) and the BSE (formerly known as the Bombay Stock Exchange) are 09:15am to 3:30pm IST Monday to Friday, while other global exchanges keep similar hours. Along with shares, you can trade in index funds such as exchange traded funds (which track the performance of a range of stocks) and other products.
For a more detailed guide on the process of buying shares, take a look at our 6 step guide to buying shares online.
The best online broker will be different for everybody and we all have different investment goals. When choosing an online share trading platform, consider the following:
While share trading accounts tend to highlight their lowest available brokerage fee, this is usually impacted by how often you trade and how much you trade. For example, some brokers charge higher fees if you make fewer trades. Or they may charge higher fees the higher the amount you’re investing.
Some accounts also have monthly inactivity fees if you don’t place any trades for a specific period of time. Other fees, such as the ‘custody’ fee for global brokers, is sometimes waived if you make a minimum number of trades in a year.
It also pays to consider that brokerage fees can change drastically depending on which market you’re purchasing stocks from.
Before you start downloading software, check whether the online broker has a good reputation and is a trusted provider in the community.
You can start by looking at some of our online reviews and doing a bit of research on user experience. Next, look at the team behind the platform. Ask, how long has it been offering online share trading services? Is it backed by a large bank or financial institution?
There are several other key details to look out for:
There are two main ways to make money from share trading:
Here’s some tips to help get you started:
Chief market strategist, CMC
Many investors spend hours reading reports and studying charts to select the “right” share, only to disregard the most important factor – themselves. Every individual’s circumstances are unique. We all have different investment goals, amounts to invest, time frames, existing investments and risk appetites. All of these should be taken into account when selecting a stock.
An exciting new technology start up or a promising medical research group might suit an investor with a higher risk appetite and many years of investing ahead of them. On the other hand, an investor in or near retirement might prefer a more stable, well-known business that pays a reliable dividend. It’s up to you.
Before you start buying and selling shares, make sure you’re aware of all the risks involved, including:
If you think you’ve been the victim of fraud or a scam, the first thing you should do is notify your online share broker immediately. You should also notify the police and provide full details of what happened. You can also report online stockbroking scams to the Securities and Exchange Board of India (SEBI).
Finally, remember to take steps to protect yourself against any further loss. Change your password on your share trading account and on any linked bank accounts. Also make sure to update your antivirus software to protect yourself against any further cybercrime.
Read on to find out what you stand to gain with a Stockal account.
Read on to find out what you stand to gain with a Vested account.
What should share traders do during a stock market crash?
Which penny stocks are listed on the Indian stock exchanges and should you invest?
Find out what tax deductions you’re entitled to if you’re a share trader or an investor.
Geojit offers a fully-fledged trading platform for investors in India.
Winvesta allows users in India to invest in US markets at a low cost.
Groww allows investors in India to trade using both the Groww app and desktop platform.
Axis Securities offers a 3-in-1 trading account to help you diversify your portfolio.
With Angel Broking, you won’t have to pay an annual maintenance fee in the first year of your trading account.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.