Best Stock Broker for Beginners in India 2021

Best Stock Broker for Beginners in India [[yyyy]]

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.

Best Stock Broker for Beginners in India 2021

Rank Broker Demat AMC Brokerage (Equity Delivery) Active Clients Request Callback Review
1ZerodhaRs 300Rs 0 (Free)2,923,141Open AccountZerodha Review
2UpstoxRs 300Rs 0 (Free)1,623,515Open AccountUpstox Review
35paisaRs 540 (charged as Rs 45 per traded month)Rs 20 per executed order793,518Open Account5paisa Review
4GrowwRs 0Rs 20 per executed order or 0.05% whichever is lower424,845Open AccountGroww Review
5Alice BlueRs 400Rs 0 (Free)106,680Open AccountAlice Blue Review
6SAMCORs 400Rs 20 per executed order72,728Open AccountSAMCO Review
7Master TrustRs 300Rs 0 (Free)44,744Open AccountMaster Trust Review
8Paytm MoneyRs 0 (Free)Rs 0 (Free - Minimum Rs 0.01 per executed order)39,984Open AccountPaytm Money Review
9TradeSmartRs 300Rs 15 per executed order34,705Open AccountTradeSmart Review
10FyersRs 300Rs 0 (Free)29,255Open AccountFyers Review

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