In order to trade successfully, it is very important to choose the right broker. in India, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best stock brokers for fractional shares in India 2024. You can compare their features and trading conditions.
1
Revolut - Best for fractional shares in India
Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).
👍 Advantages of trading with Revolut for traders from India:
•In addition to stock trades, customers can trade cryptocurrencies and precious metals.
•The broker offers commission-free trading plans.
•The minimum number of shares to buy is 0.00000001.
•There are no minimum deposit requirements.
•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.
•Communication with the support service via chat is available in the mobile application 24 hours a day.
•There is no fee for opening and maintaining a trading account.
👎 Disadvantages of Revolut for traders from India:
•Stock trading is currently only available to UK residents.
•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.
•The company does not offer fiduciary management of its investment portfolio.
2
Interactive Brokers - Best for fractional shares in India
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.
👍 Advantages of trading with Interactive Brokers for traders from India:
•wide range of training materials;
•access to 135 markets in 33 countries;
•a huge subset of trading instruments.
👎 Disadvantages of Interactive Brokers for traders from India:
•website interface is only partially translated into other languages;
•you have to pay for an inactive account;
•Support service does not work on Saturday and Sunday;
•long and complex registration procedure;
•no cent accounts for novice traders.
3
Charles Schwab - Best for fractional shares in India
Charles Schwab is one of the largest companies in the US financial services market. It was founded in 1971 and the main office is located in San Francisco. This broker specializes in banking and brokerage services. A special electronic trading platform has been created for traders and investors. There are no fees for opening and maintaining an account, and there are no minimum deposit requirements. A vast array of built-in tools are available for work: stocks, options, ETFs, bonds, mutual funds, futures, insurance contracts (annuities), and various monetary funds.
👍 Advantages of trading with Charles Schwab for traders from India:
•No minimum deposit is required.
•Working with trading instruments is possible in several ways: via the StreetSmart desktop terminal, a PC browser, and a mobile application.
•Customer support is available 24/7 via online chat.
👎 Disadvantages of Charles Schwab for traders from India:
•There is no demo account.
•No access to the foreign exchange market.
•Withdrawals are in US dollars only and money is not converted into any other national currency.
4
Zacks Trade - Best for fractional shares in India
Zacks Trade is a stock broker headquartered in Chicago. The company has been providing investment services and quality analytical research since 1978. It is a division of LBMZ Securities, for which Interactive Brokers provides clearing and execution services. Zacks Trade is regulated by FINRA (CRD#: 7874/SEC#: 8-23266) and SEC, and is a member of SIPC. The broker offers its clients access to trading securities of the USA, Europe and Asia using proprietary platforms with powerful analysis instruments.
👍 Advantages of trading with Zacks Trade for traders from India:
•The list of countries, the residents of which can open an account, includes 218 states.
•Wide selection of shares of international markets and quoted at the US stock exchanges.
•Reliable regulation by highly respected regulation authorities FINRA and SEC.
•No account service, inactivity or deposit fees.
•Fully digitalized account opening procedure.
•Over 20 base currencies.
•Access to subscription to professional instruments of research from third party providers and specialists of the broker’s own analytical department Zacks Investment Research.
👎 Disadvantages of Zacks Trade for traders from India:
•At the moment, the broker’s clients cannot trade cryptocurrencies, futures, commodities and Forex instruments. Only shares are available from the securities of foreign exchanges.
•IRA accounts are available only for US tax residents.
•Funds cannot be deposited to the account using debit/credit cards. Also withdrawals to debit/credit cards are not available.
5
Easy Equities - Best for fractional shares in India
Easy Equities (EasyEquities) is a US stock broker providing financial services in the international market. The company opens access to South African, American and Australian markets and provides an opportunity to trade fractional shares. Investors can choose an individual or corporate account and there are also accounts for children. EasyEquities is a part of two licensed financial services companies — First World Trader and Purple Group.
👍 Advantages of trading with Easy Equities for traders from India:
•Demo accounts with two base currencies to choose from: USA and ZAR.
•Low trading commissions and zero non-trading fees.
•An account for children under age.
•No required minimum deposit amount.
•A possibility to invest independently or use investment offers of the broker.
•Residents of the majority of countries can open an account with the broker.
•Fractional shares are among trading instruments available to traders.
👎 Disadvantages of Easy Equities for traders from India:
•Deposit and withdrawal take several days.
•The broker offers very few methods of contacting customer support.
•There is no information about the authorities regulating the operation of Easy Equities.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
Revolut Commissions and Fees
During our analysis of trading conditions, it was found that Revolut limits the number of trades without commissions. Depending on the account type, 1-5 transactions per month are free. There is a monthly subscription fee of £2.99-£12.99 on different accounts, which can be reduced by 20% if you pay in advance for a year. The broker charges a fee of 1 USD for additional orders. Since stocks listed on American exchanges are offered for investment, the fees are calculated in USD and then the funds are converted to the account currency at the current exchange rate. For transactions in cryptocurrency, the commission is 1.5-2%, and for transactions in precious metals, it’s 0.5-1.5% of the transaction volume. The amount of interest depends on the selected trading account. No additional hidden commissions were revealed.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From £2.99 |
No |
|
Plus |
From £2.99 |
No |
|
Premium |
From £2.99 |
No |
|
Metals |
From £2.99 |
No |
Interactive Brokers Commissions and Fees
Traders Union analysts have verified Interactive Brokers for hidden fees and assessed the commission level in the company. The company charges $20 for an inactive account if there is less than $2,000 on the account and $10 if there is more than $2,000. You can withdraw funds for free once a month; if you withdraw funds more often, you’ll have to pay a commission, the amount of which varies depending on the base currency of the account and the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real |
From $2 |
Depending on the currency and withdrawal method |
Charles Schwab Commissions and Fees
Analysis of Charles Schwab's conditions for possible trading and non-trading fees showed the presence of commissions from 0 to 1.5 dollars depending on the type of instrument for any account. The broker does not charge a withdrawal fee, but it is charged by third-party banks that facilitate transfers to banks or to debit cards. There is a one-time fee of $300 when opening an account and then $30 every month for consulting services on investment products.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard brokerage |
From $1.5 |
Yes |
|
Pension brokerage |
From $1.5 |
Yes |
|
Investment |
From $30 |
Yes |
Zacks Trade Commissions and Fees
Zacks Trade charges trading commissions and also a non-trading withdrawal fee, starting from the second withdrawal (no fee is charged on the first withdrawal of the month). The amount of trading commissions depends on the type of asset and the selected market. For trading US stocks and ETFs worth over $1, the broker charges USD 0.01 per share (but no less than $1), worth less than $1 – 1% of the trade (but no less than $1). Commissions on foreign stocks are calculated in the account currency. As is with the US stocks, there is a minimum commission. For the trades on Canadian stocks, Zacks Trade charges CAD 0.02 per share. For trading stocks of other countries, a percentage of the trade value is charged: 0.3% for Mexico and Australia, 0.1-1% - Europe, 0.05-0.3% - Asia. Commissions on options are as follows: $1 for the first contract, $0.75 for the following contracts, no fees are charged on execution and assignment. For the trade on mutual funds (over $1 per share), the investors pay $27.50, corporate bonds – 0.1% of the nominal value +$3 per bond. For currency conversation for the securities traded at the international exchanges, a $2-2.5 commission is charged.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Cash Account |
from $1 |
Charged on the second and following withdrawals within one month |
|
Margin Account |
from $1 |
Charged on the second and following withdrawals within one month |
|
Portfolio Margin Account |
from $1 |
Charged on the second and following withdrawals within one month |
Easy Equities Commissions and Fees
Traders Union analyzed Easy Equities trading and non-trading commissions and fees. Easy Equities does not charge non-trading fees (for funding the account, using the trading platform, account servicing). Trade execution fee is 0.25%, minimum commission is USD 0.01. Withdrawal fee depends on the base currency of the account. Specifically, traders who use ZAR as their base currency do not pay a withdrawal fee, while for international withdrawals in USD the fee is set by the bank.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
ZAR |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
USD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
AUD |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
TFSA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
RA |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
|
EasyProperties |
from $0.01 |
No withdrawal fee, on withdrawals in USD the fee is charged and its amount depends on the bank, through which the transaction is performed |
Summary
Many brokers are available for traders from India, but not all of them offer good conditions. In this review, TU experts chose the Best stock brokers for fractional shares in India 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Stock Brokers For Fractional Shares in India
| Revolut | Interactive Brokers | Charles Schwab | Zacks Trade | Easy Equities | |
|---|---|---|---|---|---|
|
Overall score |
7.69 |
7.45 |
7.15 |
5.26 |
4.78 |
|
Execution of orders |
9.2 |
8.8 |
8.3 |
6.24 |
5.44 |
|
Investment instruments |
9.8 |
9.4 |
8.9 |
6.66 |
5.86 |
|
Withdrawal speed |
9.6 |
9.2 |
8.7 |
6.3 |
5.5 |
|
Customer Support work |
9.4 |
9 |
8.5 |
6.6 |
5.8 |
|
Variety of instruments |
9.1 |
8.7 |
8.2 |
6.08 |
5.28 |
|
Trading platform |
9.9 |
9.5 |
9 |
6.82 |
6.02 |
|
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FAQ
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Best Stock Brokers For Fractional Shares by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.