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Best Stock Broker for Beginners in India 2023

Best Stock Broker for Beginners in India 2023

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 The equity shares in these transactions are deposit or withdrawn from the demat account.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 2023

Broker Brokerage (Delivery) Demat AMC Active Clients Request Callback Review Compare
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
TradingoRs 0 (Free)Rs 250 +GST (From 2nd Year)54,069Open Account Tradingo 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 0 (Free)35,963Open Account Fyers Review
FinvasiaRs 0Rs 0 per year (Lifetime Zero AMC)12,018Finvasia Review
ProstocksRs 0 (Free)Rs 0 (Lifetime Zero AMC)4,095Open Account Prostocks Review


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