When a person wishes to invest in the stock market he needs to maintain a trading account and Demat account. To do this a person should check the reliability and easy service charges so he can be comfortable in trading for a long time without any financial pressure. In India, there are many companies providing the trading account and Demat account facility in a quick way as full service or on discount.
Role of Full-service Broker
- Provide Research reports
- Advisory and a relationship manager
- Help to buy and sell shares.
ICICI, HDFC, and Sharekhan are popular among beginners.
According to the report on the Chittorgarh website here is the list of top 10 brokerage firms with their respective clients the count can vary as it fluctuates each day.
1 Angel Broking 1,660,058
2 ICICI Direct 1,656,663
3 HDFC Securities 963,691
4 Kotak Securities 750,711
5 Sharekhan 703,227
6 Motilal Oswal 591,584
7 AxisDirect 462,897
8 SBI Securities 332,822
9 IIFL Securities 299,018
10 Geojit 206,213
These are few of companies which provide trading and demat account services. To open an Demat or Trading account you need PAN card, Aadhar Card and few other details. Once you register and complete your eKyc you will get your customer id, username, password etc. to login in there software.
After you receive your password, username you may download there android application or use their online platform to place a trades. Many companies provide easy to access solutions though mobile applications which is most convenient way to trade anytime and anywhere. Most of companies also provide research reports in stock market. These research reports are very useful, in case if you want to study more about happenings in stock market.