Stock Brokers In Chennai, Tamil Nadu- Best Share Broker in Chennai

In this article, I am providing the list of Best stock Brokers in Chennai. TamilNadu.

Chennai is sixth most populous city in India. It is known as educational, economical hub of South India. It has the major health facility and because of it it attracts more than 45% of the health tourists of India.

Because of above reason, almost all top stock brokers has branches in Chennai. So let us look at the best share broking companies who have office in Channai.

Before you decide to open your account with any stock brokers based out of chennai, I strongly suggest you to go through some of the below articles to understand various types of stock brokers operating in India.

Best Stock Brokers in Chennai

There are many good share brokers based out of this major city. But I will discuss only Top stock brokers.

Here is the list of Best stock brokers in Chennai,

1. Zerodha Stock Broker
2. Angel Broking Stock Broker
3. Motilal Oswal Stock Broker
4. India Infoline (IIFL) Stock Broker
5. TradePlusOnline Stock Broker
6. Edelweiss Stock Broker
7. SBI Cap Securities Stock Broker

#1 . Zerodha

Zerodha’s Head office is located at Bengaluru but they have branch in Chennai as well.

The reason I have placed Zerodha on first place is , they are the biggest stock broker in India. They have more clients than ICICI DIrect and Sharekhan.

Zero brokerage for delivery is the main attraction of Zerodha. That means you are not charged any brokerage if you buy any shares and don’t sell it on same day.

For all other segments like intraday , F&O , Currency and Commodities, they charge Rs20/executed order.

There is no need to visit the branch, one can open demat account 100% online without any paper work.

I have written this step by step guide on how to open account at Zerodha online.

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Zerodha Office in Chennai:

Presage Trade Solutions LLP
Flat No. S1 Second Floor
Dharan Homes No. 1 & 2
Thiruvallur Street Kandanchavadi
Perungudi Chennai 600096

Website : Zerodha Website

Account can be opened completely online in 15 min. Infact, no need to visit any branch and it is completely online.

Also there is a discount of Rs 200 for those accounts opened online. ( Offline account opening fee: Rs 400, Online account opening fee : Rs 200)

Please read this article on how to open Zerodha account explained step by step. You can use below button to open the account instantly.

#2 Angel Broking

Angel Broking is a prominent broker of India has their branch at Chennai.

They offer wide variety of products to their customers. Recently they started offering prices similar to discount brokers.

Read more about Angel Broking in this review.

Read: Angel Broking Vs Zerodha

Angel Broking Chennai Branch:

C-3,1ST FLOOR, SWAPNIL ENCLAVE, HIGH COURT JUNCTION, MARINE DRIVE, CHENNAI

Website : Angel Broking Website

OFFER : Angel Broking is offerring Zero account opening charges for limited period of time. Also, AMC for first year is waived off.

Use below button to avail the offer.

#3 Motilal Oswal

Motilal Oswal is known for their research reports. They have more than 1 million customers. They invest considerable amount of their revenue for stock research.

Apart from equity investment, they provide wide gamut of products and services like derivatives, mutual funds, commodities and Portfolio Management Services (PMS) etc.

Motilal Oswal also have their branch in Chennai.

Read : Zerodha Vs Motilal Oswal

Also read : Motilal Oswal review

Motilal Oswal Chennai Office Address:

No.121/46, Dr Radhakrishnan Salai, First Floor, Above Arvind Store  Mylapore,Opposite to City Center,Chennai, Tamil Nadu-600004

Website: Motilal Oswal Website

OFFER : Motilal Oswal is offerring Zero account opening charges for limited period of time. Also, AMC for first year is waived off.

Use below button to avail the offer.

#4. India Infoline (IIFL)

India Infoline is one of the reputed full service broker of India. They were established in year 1995.

IIFL command huge respect for more than 2 decades. They spend considerable amount of their profit on research and hence their research reports are good.

Apart from equities, they provide investment/trading in derivatives, commodities. currencies. They also provide advisory services.

To know more about them and India Infoline (IIFL) offerrings, read this review.

Also read : IIFL Vs Zerodha

Brokerage charges of IIFL are resonable when compared to other full service brokers.

Below table has the details of brokerage charges of IIFL.

IIFL Office Address in Chennai:

Venkatnarayana Road,

T Nagar,

Chennai – 600017

Website: IIFL Website

OFFER : Currently, account opening fee is waived off for accounts opened in online mode. Also, first year Annual Maintenance Charge (AMC) for first year also waived off.

To avail this offer, use below button to open account.

#5 TradePlus Online

Tradeplus has head office at Chennai itself. Its founders are also from Tamilnadu itself

Tradeplus is online discount brokerage arm of Navia markets who is a full service broker. Navia markets are into the brokerage business from last 3 decades.

Brokerage charges of Tradeplus is mostly one of the lowest brokerage charges in Chennai.

Read : TradePlus Vs Zerodha

They have monthly brokerage plans as low as Rs99/month

TradePlus Contact Details in Chennai

Ganga Griha’ 4th & 5 th Floor,
No.9 (old No. 6D) , Nungambakkam High Road, Nungambakkam , Chennai – 600034.

#6 Edelweiss

The Edelweiss Group is one of India’s major diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies

For more information on edelweiss, check out this review

Read : Edelweiss vs Zerodha

Edelweiss Chennai Branch:

2nd Floor, Prakash Building , No 14 Deivigasigamani Sreet, Royapettah, Chennai – 600014 Tamil Nadu.

#7 SBI Cap Securities

SBICap Securities holds huge brand value as it from the largest public sector Bank of India i.e State bank of India.

Advantages of SBI Cap Securities:

• High Brand Value
• IPO can be applied Online
• Provide 3-in-1 demat account

SBI Chennai Branch Address

1st Floor, SBI Egmore Branch, No. 45, Pantheon Road, Egmore
Chennai – 600008

Best Stock Brokers in Chennai: Conclusion

You can consider to open you trading and demat account with any of the 10 major stock brokers of Chennai.

I personally use Zerodha, since I trade on my own and not interested in any recommendations .

I am using them since 2012 and pretty satified with their service. What I like is the user interface of Zerodha’s trading platform (KITE) which is simple and clutter free. It has just the basic information which I need for my trade and faster execution.

I can recommend Zerodha for anyone on anyday.

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