ICICI Direct has been our example throughout this article and they are without doubt one of the best. They normally give you three accounts 1. savings, 2. trading 3. DMAT. With these three accounts you are ready to go. Through their extensive demo sections available online at icicidirect, you can begin to trade fairly easily.
Apart from ICICI online trading service which can be visited at icicidirect.com, there are many other well known share trading facilitators in India. Some of those have been listed below. A serious evaluation of their services, charges, and efficiency is beyond our scope and intention.
Sharekhan – Headquartered in Mumbai, they have branches across the country and these branches provide full fledged services to its members. Portal address is sahrekhan.com. “SSKI, a veteran equities solutions company with over eight decades of experience in the Indian stock markets” they state on their website. They also proclaim that “they help you make informed decisions and simplifies stock investments”. “In fact Sharekhan runs India’s largest chain of share shops with over hundred outlets across 213 cities!” according to them.
Geojit – Geojit is another well known name. Like sharekhan, they also have countrywide branches and offices overseas. From their website: “Mr. C.J. George and Mr. Ranajit Kanjilal founded Geojit as a partnership firm in the year 1987.”
They also have major operations in the United Arab Emirates. ” Barjeel Geojit Securities, LLC, Dubai, is a joint venture of Geojit with Al Saud Group belonging to Sultan bin Saud Al Qassemi having diversified interests in the area of equity markets, real estates and trading”. They are headquartered in Kochi in Kerala. They have a vast presence in Kerala and the rest of the country.
Karvy – Karvy is another big name stock broker. However they don’t seems to have possession of an impressive portal as Sharekhan or Geojit.
Motilal Oswal – They have a very impressive portal. Their site claims ” Motilal Oswal Securities is a leading research and advisory based stock broking house of India, with a dominant position in both institutional and retail broking. Asiamoney Brokers Poll 2005 has ranked us the best Indian brokerage firm.” Rediff.com, in one of their evaluation available on the web, rates Motilal highly for their response and customer care. Visit Motilal Oswal here.
HDFC – The online share trading segment of HDFC bank is quiet impressive. Their portal is called HDFCSec.com. Like ICICI, HDFC also provide many features as well as a well laid out and simple portal. Charges and services may differ slightly. However they are another efficient alternative.
Indiabulls, 5 Paisa, Kotak Street which has their portal at Kotaksecurities.com are other big names in this area.