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FREE Account Opening + Zero AMC Fees* + MutualFund SIP
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Broker | Delivery | Other Segment Fees | Account Opening | Demat Acc Opening | Demat AMC | Review | Request Callback |
|---|---|---|---|---|---|---|---|
| Zerodha | Free | Rs 20 | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) | Free | Rs 300 PA |  | Open Account  |
| Upstox | 2.5% or Rs 20 whichever is lower | Rs 20 | Promotion offer: Free | Free | Rs 150 PA+GST | | Open Account |
| Nuvama Wealth | Flat Rs. 10 per executed order | Rs 10 | Free | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | | Open Account |
| Angel One | Free | Rs 20 | Free | Free | Rs 240 PA (Waived for 1st year) | | Open Account |
| Fyers | Free | Rs 20 | Free | Free | Free | | Open Account |
| ProStocks | Free | Rs 15 | Free | Free | Rs 0 (Rs 1000 Refundable Deposit) | | Open Account |
Zerodha Trade@20Want 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 Money | 2.5% or Rs 20 whichever is lower | Rs 20 | Rs 200 | Free | Free | | Open Account |
| Alice Blue | Free | Rs 15 | Free | Free | Rs 400 PA | | Open Account |
| 5paisa | Flat Fee Rs 20 | Rs 20 | Free | Free | Rs 300 PA | | Open Account |
| Groww | 0.05% or Rs 20 whichever is lower | Rs 20 | Free | Free | Free | | Open Account |
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;
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.
