There are way too many stock brokers in India with everyone shouting out loud that it is better than the rest. In this chaotic shout-outs, it becomes difficult to figure out which stock broker is worth trusting and which are not.
The problem is that sales executives of all the stock brokers are trained in such a way that they make their stockbroker – the best in the world! But when you become a customer, this is where the actual colours of these stockbrokers come into play.
In our research, we have come up with a list of stockbrokers that have consistently been performing bad year-on-year in different aspects including:
Complaints registered at NSE and BSE against the stockbrokers
Performance of the trading platforms, especially mobile app
Generic feedback from clients of these stockbrokers
Customer service performance
Focus on technology
There is no ranking but a list of worst stock brokers in India based on the parameters mentioned above. Here we go:
All these stockbrokers mentioned above have one or more concerns to such an extent that it becomes difficult for clients to continue any further with their services. Even if you are still looking to open an account with these stockbrokers, we will leave the choice up to you.
Another new broker in the list Orril Trade is making its way in the share market. It is good to check the review and complaints of the new broker and don’t go with just the welcome plans and discounts offered by it.
Don’t get intimidated though! If you need some advice on which stockbroker you can trust, just put in your details below and we will set up a call back for you: