Best Stock Broker for Beginners in India 2020

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 2020

Rank Broker Demat AMC Brokerage (Equity Delivery) Active Clients Request Callback Review
1Zerodha₹300₹0 (Free)1,941,293Open AccountZerodha Review
2Upstox₹300₹0 (Free)777,754Open AccountUpstox Review
35paisa₹540 (charged as ₹45 per traded month)₹20 per executed order565,778Open Account5paisa Review
4SAMCO₹400₹20 per executed order60,418Open AccountSAMCO Review
5Alice Blue₹400₹0 (Free)60,162Open AccountAlice Blue Review
6Master Trust₹300₹0 (Free)40,473Open AccountMaster Trust Review
7TradeSmart₹300₹15 per executed order28,208Open AccountTradeSmart Review
8Prostocks₹0 (Lifetime Zero AMC)₹0 (Free)18,506Open AccountProstocks Review
9Tradeplus₹500 (5 years)₹0 (Free)17,884Open AccountTradeplus Review
10SAS Online₹200₹014,020Open AccountSAS Online Review

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