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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

Broker Demat AMC Brokerage (Equity Delivery) Active Clients Request Callback Review
Zerodha₹300₹0 (Free)1,113,000Open AccountZerodha Review
Angel Broking₹450 (from 2nd year onwards)₹0 (Free)454,932Open AccountAngel Broking Review
Upstox₹150₹0 (Free)375,702Open AccountUpstox Review
5paisaRs 45/Traded Month- Optimum Plan; Other plans-Free₹20 per executed order294,850Open Account5paisa Review
SAMCO₹400₹20 per executed order45,262Open AccountSAMCO Review
Indiabulls₹450₹0 (Free)43,917Open AccountIndiabulls Review
Master Trust₹400₹10 per executed order35,643Open AccountMaster Trust Review
Trade Smart Online₹300₹15 per executed order22,577Open AccountTrade Smart Online Review
Alice Blue₹400₹0 (Free)22,501Open AccountAlice Blue Review
SAS Online₹200₹012,407Open AccountSAS Online Review


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