IPO | BROKER REVIEW | INVESTING | ALGO TRADING | TECHNICAL ANALYSIS

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 Upstox 1633678 300 Rs 20 per executed order or 0.05% whichever is low Open Account Review
2 ICICI Direct 1278987 700 ₹ 20 / Executed Order Open Account Review
3 Angel Broking 1231392 450 ₹ 20 / Executed Order Or 0.25% (Whichever Is Lower Open Account Review
4 HDFC securities 735411 750 ₹ 20 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review
5 Paytm Money 685610 300 ₹ 10 / Executed Order Or 0.05% (Whichever Is Lower Open Account Review
6 Sharekhan 683101 400 ₹ 50 / Lot Open Account Review
7 Motilal Oswal 637541 0 ₹ 10/ Executed Order Or 0.01% (Whichever Is Lower Open Account Review
8 Groww 585630 0 ₹ 20 / Executed Order Or 0.05% (Whichever Is Lower Open Account Review
9 Kotak Securities 497021 600 ₹ 20 / Executed Order Or 0.05% (Whichever Is Lower Open Account Review
10 Axis Direct 426411 650 ₹ 15 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review
11 5Paisa 409631 350 ₹ 20 / Executed Order Open Account Review
12 IIFL Securities 237499 400 ₹ 25 / Executed Order Or 0.02% (Whichever Is Lower Open Account Review
13 Marwadi Shares 99970 450 ₹ 20 / Executed Order Or 0.03% (Whichever Is Lower Open Account Review
14 Fyers 30680 350 ₹20 per executed order or 0.03% (Whichever is low Open Account Review
15 ProfitMart 17620 0 ₹ 15 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review
16 Zebu Trade 16839 450 ₹ 20 / Executed Order Or 0.01% (Whichever Is Lower Open Account Review
17 Prostocks 3769 0 0.02% or ₹20 whichever is higher Open Account Review