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Best Stock Broker for Beginners in India 2019

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 2019

Broker Demat AMC Brokerage (Equity Delivery) Number of Clients
Zerodha₹300₹0 (Free)979,241
Upstox₹150₹0 (Free)186,456
5paisaFree (₹400 from second year onward)₹10 per executed order147,499
Indiabulls₹450₹0 (Free)44,170
SAMCO₹400₹20 per executed order41,354
MyValueTrade₹400₹10 per executed order39,002
TradeSmart₹300₹15 per executed order22,085
SAS Online₹200₹9 per executed order12,402
Alice Blue₹0₹0 (Free)10,531
Tradeplus₹500 (5 years)₹0 (Free)9,248

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