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Best Stock Broker for Beginners in India 2020


Best Stock Broker for Beginners in India 2020

The stock broker account allows the customers to make investments in stocks, mutual funds, IPO and bonds. If you are a beginner that the most challenging task for you is to choose the best brokerage firm in India for stocks.

In India, there are two different types of stock brokers. The one is full-service stock broker and the other is a discount stock broker. The full-service broker provides local support, trading tips and hand holding to the customer. On the other hand, the online discount broker provides do it yourself stock trading. They charge very low fees (60% to 90% on the saving of taxes and fees).

The discount broker serves online trading in India. Thus, they provide the best online trading platform. If the customer can trade on their own by using the mobile applications or trading website then it is recommended to choose a discount stock broker.

Being a beginner, one must importantly look at the two important charges i.e. Demat AMC and brokerage charges for the equity delivery. The list below determines the top 10 stock brokers who charge least and provides the excellent online stock trading services.

Rank Broker Active Clients Demat AMC Brokerage (Equity Delivery) Request Callback Review
1 Alice Blue 1100000 400 ₹ 20 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review
2 5Paisa 300000 350 ₹ 20 / Executed Order Open Account Review
3 ProfitMart 20000 0 ₹ 15 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review