Full Service Stock Broker Comparison

If you are thinking about hiring a full-service stock brokers, you might be wondering: what is the difference between them and an online broker? Essentially, a full-service broker offers comprehensive research and advice and is generally better than an average online broker. It saves you time and allows you to focus on other areas of your life. While it’s tempting to hire a full-service stock broker, beware of the hidden costs.

A full-service stock brokers provide a number of services to investors. A representative from the brokerage firm is assigned to each account. This individual might be called an account executive, registered representative, or financial advisor. They will usually have a securities license and a good understanding of stocks and the industry. In addition, they can provide advice about investing, retirement planning, and tax matters. The fees for a full-service broker are typically between one and three percent of the portfolio.

A full-service stock brokers will do all of the work for you. This includes researching companies and making investment decisions on your behalf. You should consider this option only if you are comfortable with your relationship with your broker. Most people choose a brokerage firm for other reasons than commissions, such as convenient location, helpful account executives, and competitive research. These factors will help you determine the best choice for your needs. Once you know what you are looking for in a broker, you’ll be able to make an informed decision.

Full Service Stock Brokers  Vs Discount Stock Brokers

The choice between a full-service stock brokers and a discount stock brokers comes down to the investor’s knowledge and financial situation. Full-service brokers typically charge a higher commission than their counterparts, a factor that can eat into profits over time, especially if multiple trades are made within a short period of time. A discount stock broker may be a better option for those with a large budget, but many investors have found that it is not worth the extra fees.

While discount stock brokers offer lower commissions than full-service brokers, they do not provide advice or personal consultations. Instead, investors must research and decide on the best trades on their own. Most discount brokers offer a single trading platform, but some do have mobile trading applications. If you are looking for a low-cost, low-fee broker, they may be the way to go. However, if you need professional advice, a full-service broker is a better choice.

Basic Details

 Account OpeningAccount MaintenanceOpen Account Now
Angel OneFree₹240 Per AnnumOpen Account Now
ICICI DirectFree₹700 Per AnnumOpen Account Now
Kotak SecuritiesFree₹600 Per AnnumOpen Account Now
HDFC SecuritiesFreeFreeOpen Account Now
IIFL SecuritiesFree₹250 Per AnnumOpen Account Now
Motilal OswalFree₹199 Per AnnumOpen Account Now
Axis Direct₹499₹790 Per AnnumOpen Account Now
ChoiceFree₹200 Per AnnumOpen Account Now
EdelweissFree₹500 Per AnnumOpen Account Now
Anand RathiFree₹450 Per AnnumOpen Account Now

Product Basket

 EquityCommodityFutureOptionCurrency
Angel One✔️✔️✔️✔️✔️
ICICI Direct✔️✔️✔️✔️✔️
Kotak Securities✔️✔️✔️✔️✔️
HDFC Securities✔️✔️✔️✔️✔️
IIFL✔️✔️✔️✔️✔️
Motilal Oswal✔️✔️✔️✔️✔️
Axis Direct✔️✔️✔️✔️✔️
Choice✔️✔️✔️✔️✔️
Edelweiss✔️✔️✔️✔️✔️
Anand Rathi✔️✔️✔️✔️✔️

Brokerage Charges

 Equity Delivery/IntradayEquity Future/OptionCurrency Future/OptionCommodity Future/OptionCall & Trade
Angel One₹0/0.25%0.25%/₹200.25%/20₹0.25%/20₹₹20
ICICI Direct0.55%/0.05%0.05%/₹95₹20/₹20₹20/₹20Free
Kotak Securities0.25%/0₹20/₹20₹20/₹20₹20/₹20₹50
HDFC Securities0.15%/0.015%0.25%/₹100₹12/₹10₹20/₹100Free
IIFL₹0/₹20₹20/₹20₹20/₹20₹20/₹20₹20
Motilal Oswal0.35%/0.035%0.035%/₹400.035%/₹150.035%/₹100Free
Axis Direct0.25%/0.03%0.03%/₹100.03%/₹100.03%/₹10Free
Choice0.20%/0.02%0.02%/₹250.02%/₹100.02%/₹100Free
Edelweiss0.01%/0.01%0.01%/₹100.01%/₹100.01%/-₹20
Anand Rathi0.20%/0.02%0.02%/₹100₹25/₹250.02%/₹25Free

Leverage and Margin Details

 Equity Delivery/IntradayEquity Future/OptionCurrency Future/OptionCommodity Future/Option
Angel One1x/4x4x/3x(Buy)-4x(sell)4x/3x(Buy)-4x(sell)4x/0x
ICICI Direct2x/7x4x/4x(Buy)-2x(sell)4x/0x2.5x/0x
Kotak Securities2x/2x2x/1x(Buy)-50x(sell)2x/1x(Buy)-50x(sell)2x/2x
HDFC Securities0x/4x0x/0x0x/0x0x/0x
IIFL4x/20x5x/5x2x/1x3x/1x
Motilal Oswal4x/4x4x/4x4x/4x4x/4x
Axis Direct4x/4x4x/4x4x/4x4x/4x
Choice2x/6x1.3x/1.3x1.3x/1.3x1.3x/1.3x
Edelweiss4x/10x10x/0x10x/0x3x/-
Anand Rathi1x/1x2x/1x1x/1x1x/1x

Additional Features

 3 in 1 AccountFree Trading CallFree Research ReportsSMS AlertMargin FundingMargin Against Share
Angel One✔️✔️✔️✔️✔️
ICICI Direct✔️✔️✔️✔️✔️✔️
Kotak Securities✔️✔️✔️✔️✔️✔️
HDFC Securities✔️✔️✔️✔️✔️✔️
IIFL✔️✔️✔️✔️✔️✔️
Motilal Oswal✔️✔️✔️✔️✔️
Axis Direct✔️✔️✔️✔️✔️✔️
Choice✔️✔️✔️✔️✔️
Edelwiss✔️✔️✔️✔️✔️✔️
Anand Rathi✔️✔️✔️✔️✔️✔️

Other Investment Options

 Mutual FundIPOBonds & DebtETFInsurance
Angel One✔️✔️✔️✔️✔️
ICICI Direct✔️✔️✔️✔️✔️
Kotak Securities✔️✔️✔️✔️✔️
HDFC Securities✔️✔️✔️✔️✔️
IIFL✔️✔️✔️✔️✔️
Motilal Oswal✔️✔️✔️✔️✔️
Axis Direct✔️✔️✔️✔️✔️
Choice✔️✔️✔️✔️
Edelweiss✔️✔️✔️✔️
Anand Rathi✔️✔️✔️✔️✔️