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 The equity shares in these transactions are deposit or withdrawn from the demat account.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
ProStocks Rs 0 (Free) Rs 0 (Lifetime Free)   Open Online Account ProStocks Review
ZerodhaRs 0 (Free)Rs 3006,680,702Open Account Zerodha Review
Angel OneRs 0 (Free)Rs 2404,186,988Open Account Angel One Review
FyersRs 0 (Free)Rs 300155,287Open Account Fyers Review
Alice BlueRs 0 (Free)Rs 400143,652Open Account Alice Blue Review
Dhani StocksRs 0 (Free)Rs 054,990Dhani Stocks Review
Master TrustRs 0 (Free)Rs 30054,132Master Trust Review
FinvasiaRs 0Rs 0 per year (Lifetime Zero AMC)34,409Finvasia Review
SAS OnlineRs 0Rs 20022,380Open Account SAS Online Review
TradeplusRs 0 (Free)Rs 014,550Open Account Tradeplus Review
ProstocksRs 0 (Free)Rs 0 (Lifetime Zero AMC)5,980Open Account Prostocks Review


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