Cashback on Brokerage
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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 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.
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