Best Stock Broker for Beginners in India 2017

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 2017

Rank Broker Demat AMC Brokerage (Equity Delivery) Active Clients Request Callback Review
1ZerodhaRs 300Rs 0 (Free)3,391,059Open AccountZerodha Review
2UpstoxRs 300Rs 0 (Free)1,960,861Open AccountUpstox Review
35paisaRs 540 (charged as Rs 45 per traded month)Rs 20 per executed order845,879Open Account5paisa Review
4GrowwRs 0Rs 20 per executed order or 0.05% whichever is lower656,519Open AccountGroww Review
5Alice BlueRs 400Rs 0 (Free)119,106Open AccountAlice Blue Review
6SAMCORs 400Rs 20 per executed order76,436Open AccountSAMCO Review
7Paytm MoneyRs 0 (Free)Rs 0 (Free - Minimum Rs 0.01 per executed order)69,879Open AccountPaytm Money Review
8Master TrustRs 300Rs 0 (Free)48,927Open AccountMaster Trust Review
9TradeSmartRs 300Rs 15 per executed order36,817Open AccountTradeSmart Review
10FyersRs 300Rs 0 (Free)33,526Open AccountFyers Review


1. Manoj  Mar 21, 2021 09:46 I Like It. | Report Abuse Reply 0
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 I Like It. | Report Abuse 0
AMC, - Annual Maintenance Charge, Equity delivery-, Buy and sell of Shares in different days( basically not of intra-day trade)


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