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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:

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.
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 The equity shares in these transactions are deposit or withdrawn from the demat account.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.

<< Year 2020	2021

Best Stock Broker for Beginners in India 2021

Broker	Brokerage (Delivery)	Demat AMC	Active Clients	Request Callback
Zerodha	Rs 0 (Free)	Rs 300	3,602,074	Open Account
Upstox	Rs 0 (Free)	Rs 300	2,141,095	Open Account
Angel Broking	Rs 0 (Free)	Rs 450	1,564,667	Open Account
IIFL Securities	Rs 0 (Free)	Rs 250 (Free for 1st year)	291,730	Open Account
Alice Blue	Rs 0 (Free)	Rs 400	125,223	Open Account
Paytm Money	Rs 0 (Free)	Rs 0 (Free)	85,827	Open Account
Master Trust	Rs 0 (Free)	Rs 300	48,645	Open Account
Dhani Stocks	Rs 0 (Free)	Rs 300	39,237	Open Account
Fyers	Rs 0 (Free)	Rs 300	35,963	Open Account
Tradeplus	Rs 0 (Free)	Rs 0	22,257	Open Account

<< Year 2020	2021

2 Comments

2. Sudhakar Jul 19, 2021 08:51

Paytm charges 300 for Software usage. So its not AMC free

1. Manoj Mar 21, 2021 09:46

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 10:19

AMC, - Annual Maintenance Charge, Equity delivery-, Buy and sell of Shares in different days( basically not of intra-day trade)

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