A stock broker account enables you to invest in stocks, mutual funds, IPO and bonds. Finding the best brokerage firm in India for stocks is challenging especially if you are a beginner.
There are two types of stock brokers in India; full-service stock broker and discount stock brokers (Comparison - Discount broker vs full-service broker). The full-service brokers provide local support, trading tip and hand-holding to the customers. The online discount broker offers 'do-it-yourself' stock trading. They charge very low fees (60% to 90% in the saving of fees and taxes).
A discount stock broker offers online trading in India. They offer the best online trading platform in India. If you can trade by yourself using the mobile app or trading website, it is recommended choosing a discount broker.
If you are a beginner, you should consider 2 important charges; Demat AMC and brokerage charges for equity delivery. Below is the list of best discount broker in India for beginners. This list compares the top 10 stockbrokers who charge less and provide excellent online stock trading services.
<< Year 2020 | 2021 |
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Rank | Broker | Demat AMC | Brokerage (Equity Delivery) | Active Clients | Request Callback | Review |
---|---|---|---|---|---|---|
1 | Zerodha | Rs 300 | Rs 0 (Free) | 2,923,141 | Open Account | ![]() |
2 | Upstox | Rs 300 | Rs 0 (Free) | 1,623,515 | Open Account | ![]() |
3 | 5paisa | Rs 540 (charged as Rs 45 per traded month) | Rs 20 per executed order | 793,518 | Open Account | ![]() |
4 | Groww | Rs 0 | Rs 20 per executed order or 0.05% whichever is lower | 424,845 | Open Account | ![]() |
5 | Alice Blue | Rs 400 | Rs 0 (Free) | 106,680 | Open Account | ![]() |
6 | SAMCO | Rs 400 | Rs 20 per executed order | 72,728 | Open Account | ![]() |
7 | Master Trust | Rs 300 | Rs 0 (Free) | 44,744 | Open Account | ![]() |
8 | Paytm Money | Rs 0 (Free) | Rs 0 (Free - Minimum Rs 0.01 per executed order) | 39,984 | Open Account | ![]() |
9 | TradeSmart | Rs 300 | Rs 15 per executed order | 34,705 | Open Account | ![]() |
10 | Fyers | Rs 300 | Rs 0 (Free) | 29,255 | Open Account | ![]() |
<< Year 2020 | 2021 |
---|
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