Mumbai is the financial capital of India. A dedicated stock market has been named after what we used to call Mumbai once – Bombay Stock Exchange (BSE). Now, over the years, plenty of stock trading companies have emerged from this incredible city. Therefore, it has been tough to figure out the best from them.
After doing some research, we have figured out that it would be best that people decide what is right for them. Therefore, we consider the ratings & reviews to determine. So, in this article, we will pinpoint the best stock trading companies in Mumbai via public reviews.
Motilal Oswal Securities
Since 1987, Motilal Oswal is one of the household names of Mumbai when it comes to the perfect stock trading company. It is a public limited company, which over the years evolved into a full-service stockbroker.
There main USP is the trading exposure they offer, which is up to 20x, and they are also reasonable in charging brokerage fees. The Demat and Trading account handling fees vary between ₹0 – ₹300 as the AMC fee. Overall, it is a reliable and experienced company that you can put your faith upon.
Relatively a new company, 5Paisa, is still an emerging company incorporated in the year 2007. The company earned its reputation primarily while they are offering up to 35x trading exposure. The overall fee structure is reasonable, and the costs to maintain the Demat and Trading accounts are within the budget as well.
As of now, 5Paisa is a private limited company founded by Nirmal Jain & Rajamani Venkataraman. One significant reason that makes 5Paisa so compelling is the company today is a discount stockbroker. Yet, they managed to deliver up to 35x trading exposure.
Sharekhan is a private limited company, which has made its debut in the year 2000. With its 20th anniversary on the horizon, they have managed to become a full-service stockbroking company. The overall fee structures tell the story that they want people to earn more while investing money.
However, their biggest USP is the trading exposure the offer to their clients – up to 32x. The company founder Jaideep Arora always have a realistic vision of where the company might stand. So, they offer one of the best services when it comes to the Trading Platforms.
Upstox is primarily a private limited company founded by a bunch of talented individuals – Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath. Incorporated in the year 2009, the company is known for the revolution they introduced as the Trading platforms.
All the platforms are robust and designed to serve their clients in the best way possible. On top of that, they also offer up to 20x trading exposure, as well. The fee structure is pocket-friendly and mostly reasonable. Upstox is a discount stockbroking company, but the achievements of the company are quite staggering.
We often consider Tradebulls Securities as a corporate giant in the stock trading industry. They offer one of the best trading exposures in the market right now – up to 60x. It is, meanwhile, a private limited company established in the year 2009.
Since then, they have become a full-service stockbroking company. Apart from the margin money they charge, everything else is reasonable for the clients. They charge ₹300 per annum for the AMC of the Demat account, while the intraday and equity delivery fee lurk between 0.010% – 0.030% and 0.10% – 0.30%, respectively.
Aditya Birla Money
Aditya Birla Money is a stock trading company that hardly requires an introduction. This experienced public limited company offers free AMC of the Demat account, and to add to that, the overall fee structure is well within the budget of most clients. The company is a full-service stockbroker dedicated to both new and experienced traders.
The overall fee structure is very much in the budget of most traders, and the account opening fees are reasonable, as well. They also offer up to 15x trading exposure, which is decent in the stock trading industry.
Another household name in the stock trading industry is Angel Broking. About the company; it is a private limited company that has been around since 1987. What makes the company so appealing is trading exposure they offer to their clients, which is up to 40x.
They charge decently for the Demat and Trading accounts and the overall fees structure is mostly reasonable. Over the years, they have evolved into a full-service stockbroking company. Through their experience, they train the newbie traders and assist the experienced ones.
Nirmal Bang is a prominent Mumbai-based stock trading company that should be in our list. Mostly famous for offering very fewer brokerage fees, this private limited has been around from the year 1986. With over 3 decades of successful operations, they are now a full-service stockbroking company.
Now, the fees they charge is mostly pocket-friendly, and they also offer up to 10x trading exposure, which is just about industry standard. Apart from that, they also efficient Trading Platforms that has all the latest features and benefits to make seamless stock trading.
An introduction to any chain of business which is associated with Reliance is pointless. So, Reliance Securities is an endeavour of Anil Ambani to deliver top-notch stock trading services. They started this venture in 2005, and since then, they never looked back.
Meanwhile, they are a full-service stockbroking company and also a private limited company. They offer a staggering up to 25x trading exposure, which has earned them the respect not only in Mumbai but also in entire India. The fees are reasonable, along with the account opening costs.
Mastertrust is last on our list, which is primarily a private limited company, renowned for the incredibly lower brokerage fees. While they don’t offer decent trading exposure, the overall fee structure is considerably lower than its neighbouring stock trading companies.
The company made its debut in the year 1994, and since then, it has been a dominant force in the stock trading industry. Later eventually became a full-service stockbroking company. Overall, the company is trustworthy and delivers fantastic trading platforms to its clients, as well.
So, these are the top 10 Mumbai-based stock trading companies. This is based on the popularity level. Now, please understand that we have not ranked the companies in any order. We have just listed them only.