Best Stock Broker for Beginners in India 2021

Best Stock Broker for Beginners in India 2021

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 The equity shares in these transactions are deposit or withdrawn from the demat account.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 OneRs 0 (Free)Rs 2401,564,667Open Account Angel One Review
Alice BlueRs 0 (Free)Rs 400125,223Open Account Alice Blue Review
Master TrustRs 0 (Free)Rs 30048,645Master Trust Review
Dhani StocksRs 0 (Free)Rs 039,644Dhani Stocks Review
Dhani StocksRs 0 (Free)Rs 039,237Dhani Stocks Review
FyersRs 0 (Free)Rs 30035,963Open Account Fyers Review
TradeplusRs 0 (Free)Rs 022,257Open Account Tradeplus Review
SAS OnlineRs 0Rs 20017,878Open Account SAS Online Review
FinvasiaRs 0Rs 0 per year (Lifetime Zero AMC)12,018Finvasia Review


3. Suraj   I Like It. |Report Abuse|  Link|Dec 30, 2021 6:57:13 PMReply
I am surprised. Where is groww app?
Paytm amc 300
2. Sudhakar   I Like It. |Report Abuse|  Link|Jul 19, 2021 9:51:24 AMReply
Paytm charges 300 for Software usage. So its not AMC free
1. Manoj   I Like It. |Report Abuse|  Link|Mar 21, 2021 10:46:21 AMReply
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   I Like It. |Report Abuse|  Link|Apr 8, 2021 11:19:45 AM
AMC, - Annual Maintenance Charge, Equity delivery-, Buy and sell of Shares in different days( basically not of intra-day trade)