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Best Stock Broker for Beginners in India 2021

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

A stockbroker account enables you to invest in stocks, mutual funds, IPO, and bonds. There are 100's of stockbrokers in India. We can help you find the best brokerage firm in India for the beginner.

As a beginner, you should look for the following factors when choosing a stockbroker:

  • An investor education program by the broker
  • Low cost of trading
  • A simple trading platform
  • Availability of Direct Mutual Funds and IPOs

A beginner should consider two charges:

  1. Demat AMC

    A recurring yearly charge to maintain the demat account. The Demat account maintenance charge (AMC) is charged even if you do not use the account. Check Demat Account Charges Explained for more detail.

  2. Brokerage for Equity Delivery

    The fee you pay to the broker when you buy or sell shares in a cash transaction. The equity shares in these transactions are deposit or withdrawn from the demat account. Check Brokerage Charges Explained for more detail.

Below is the list of the 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

Broker Brokerage (Delivery) Demat AMC Active Clients Request Callback Review
ProStocks Rs 0 (Free) Rs 0 (Lifetime Free)   Open Online Account ProStocks Review
ZerodhaRs 0 (Free)Rs 3003,602,074Open Account Zerodha Review
Angel BrokingRs 0 (Free)Rs 2401,564,667Open Account Angel Broking Review
IIFL SecuritiesRs 0 (Free)Rs 250 (Free for 1st year)291,730Open Account IIFL Securities Review
Alice BlueRs 0 (Free)Rs 400125,223Open Account Alice Blue Review
Paytm MoneyRs 0 (Free)Rs 0 (Free)85,827Open Account Paytm Money Review
Master TrustRs 0 (Free)Rs 30048,645Open AccountMaster Trust Review
Dhani StocksRs 0 (Free)Rs 30039,644Open AccountDhani Stocks Review
Dhani StocksRs 0 (Free)Rs 30039,237Open AccountDhani Stocks Review
FyersRs 0 (Free)Rs 30035,963Open Account Fyers Review
TradeplusRs 0 (Free)Rs 022,257Open AccountTradeplus Review

2 Comments

2. Sudhakar  Jul 19, 2021 9:51:24 AM I Like It. | Report Abuse Reply
Paytm charges 300 for Software usage. So its not AMC free
1. Manoj  Mar 21, 2021 10:46:21 AM I Like It. | Report Abuse Reply
Thanks for writing up this nice article, it would have been great if you explained a little more about what is "Equity Delivery" charges and "Demat AMC" charges.
1.1. abc  Apr 8, 2021 11:19:45 AM I Like It. | Report Abuse
AMC, - Annual Maintenance Charge, Equity delivery-, Buy and sell of Shares in different days( basically not of intra-day trade)