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Best Stock broker for Beginners in India

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10 Best Stock broker for Beginners in India

There are a number of stockbrokers in India including online discount brokers and full-service broking firms. If you are a beginner or first-time trader or investor then before opening an account, you must look for several factors like account opening fee, brokerage charges, Demat AMC charges, product and service offerings (i.e. Direct mutual funds, IPO, etc), and smart & easy web and mobile trading platform.

Here, we are providing you the list of Top 10 Brokers or the best brokers for beginners in India on below parameters;

  1. Hassle-free or paperless account opening process.
  2. Free delivery trading at Rs. 0 brokerage.
  3. Flat brokerage charges or pricing model.
  4. Lowest Demat account opening fee.
  5. Minimum Demat AMC charges.
  6. IPO and Mutual Fund product offerings.
  7. Simple Trading platform.

Best Stock broker for beginners in India

Broker Delivery Other Segment Fees Account Opening Demat Acc Opening Demat AMC Review Request Callback
ZerodhaFreeRs 20Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)FreeRs 300 PAZerodha ReviewOpen Account
Upstox2.5% or Rs 20 whichever is lower Rs 20Promotion offer: FreeFreeRs 150 PA+GSTUpstox ReviewOpen Account
Nuvama WealthFlat Rs. 10 per executed orderRs 10FreeFreeLite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]Nuvama Wealth ReviewOpen Account
Angel OneFreeRs 20FreeFreeRs 240 PA (Waived for 1st year)Angel One ReviewOpen Account
FyersFreeRs 20FreeFreeFreeFyers ReviewOpen Account
ProStocksFreeRs 15FreeFreeRs 0 (Rs 1000 Refundable Deposit)ProStocks ReviewOpen Account

Zerodha Trade@20

Want to start your investment journey, join India’s number one online broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account

Paytm Money2.5% or Rs 20 whichever is lowerRs 20Rs 200FreeFreePaytm Money ReviewOpen Account
Alice BlueFreeRs 15FreeFreeRs 400 PAAlice Blue ReviewOpen Account
5paisaFlat Fee Rs 20Rs 20FreeFreeRs 300 PA5paisa ReviewOpen Account
Groww0.05% or Rs 20 whichever is lowerRs 20FreeFreeFreeGroww ReviewOpen Account

Best Stock Broker for Beginners - Final Verdict

Zerodha is the best broker for beginners that offers zero brokerage delivery trading and Max Rs. 20 per order brokerage on intraday and F&O trading. Customers can open Instant Zerodha Demat Account in a 100% paperless manner and start online trading on the Kite platform. The broker further facilitates free direct mutual fund investment on the Zerodha Coin mobile app and web platform. Zerodha Varsity is a free education platform designed for beginners to learn about stock market trading and investment.

Second best option for beginners is Prostocks. Free Account opening and Rs 1000 refundable deposit for Denat AMC. So you dont have to pay any AMC and Account opening free to start your trading journey. Also Prostocks offer Free delivery trading and Flat Rs 15 for Intraday, F&O trading.


Zerodha is India’s largest discount broker with having 18%+ market share in the Indian brokerage industry. There are a number of reasons behind Zerodha being the best broker for beginners such as follows;

  1. Instant paperless account opening process.
  2. Zero brokerage equity delivery trading.
  3. Flat Rs. 20 per order brokerage on equity intraday and futures & options trading.
  4. Flat Rs. 20 per order brokerage on Currency and commodity trading.
  5. Zerodha Kite ultra-flagship, super-fast, and modern technology platform.
  6. Zerodha Coin (web and app) is a free direct mutual fund investment platform.
  7. Varsity (web and app), free stock market education portal.


Yes, beginners looking for the lowest brokerage online trading can choose ProStocks as a preferred broking house to trade at just Rs 15 per order fee. Moreover, investment in stocks is completely free at Rs 0 brokerage. They can trade or invest on the ProStocks star app, web, and desktop platform at their ease and convenience.


Groww is an excellent platform for beginnersor newbie to invest in shares and direct mutual funds. Beginners can register KYC digitally and open an instant paperless account using Groww app. Groww offers 100% free account opening at zero account opening fee and Demat AMC charges. People can explore and invest in 5,000+ mutual fund schemes on Groww platform at zero brokerage fee whereas charges Max Rs. 20 per order brokerage on equity intraday and delivery trading.

Groww Academy is a great stock market learning platform for beginners to learn stock market basics of trading and investing. The platform has a number of modules with various chapters to provide educational content. It further has informative blogs and other educational material on the website.


If you are a newbie then you can open 100% paperless KYC based account in Paytm Money. Free Demat & trading account, Rs. 0 Demat maintenance charges, zero brokerage or commission on direct mutual funds investment, Paytm Money MF advisory, and a smart mobile trading app with detailed portfolio insights are the key advantages to trade with Paytm Money.

Investment in shares or delivery trading is also free. However, intraday and F&O trades are charged at Max Rs. 10 per order brokerage.

In Dec 2021, the discount broking firm has launched Paytm Money Wealth Academy to offer an education platform to users to learn on trading and investing concepts. The platform offers a range of courses and webinars to improve financial learning among beginners to expert.


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