FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Best Stock broker for Beginners in India - Top 10 brokers

Report List >
10 Best Stock broker for Beginners in India

Are you a beginner or new to stock market investment? Well, we have compiled a list of top brokers for beginners like you.

These brokers provide user-friendly platforms tailored for newbies to simplify stock trading and investment journeys.

As a beginner, you must compare and review the below factors to select the right broker;

  • Low brokerage is the key concern for beginners, so discount brokers are best suited
  • Products availability particularly mutual funds and IPOs
  • Easy and user-friendly trading platform
  • Abundance of educational resources for newbies
  • Competitive demat account maintenance charge (AMC)

Beginners who want to start investing in stocks may also look for a broker with free delivery trading. Such brokers charge absolutely Rs 0 brokerage on the purchase and sale of shares in cash segment.

After analysing multiple facets, among 100s of stock brokers, we have curated a list of 10 best stock brokers for beginners for trading in 2023.

Compare these brokers' account opening fee, AMC charges, delivery trading brokerage, and fees charged on trading in other segments to pick the right broker for you.

10 Best Brokers for Beginners| Most Popular Brokers

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
Groww0.05% or Rs 20 whichever is lowerRs 20FreeFreeFreeGroww ReviewOpen Account
ProStocksFreeRs 15FreeFreeRs 0 (Rs 1000 Refundable Deposit)ProStocks ReviewOpen Account
Angel OneFreeRs 20FreeFreeRs 240 PA (Waived for 1st year)Angel One ReviewOpen Account
Upstox2.5% or Rs 20 whichever is lower Rs 20Promotion offer: FreeFreeFreeUpstox ReviewOpen Account
5paisaFlat Fee Rs 20Rs 20FreeFreeRs 300 PA5paisa 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

Nuvama WealthFlat Rs. 10 per executed orderRs 10FreeFreeLite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]Nuvama Wealth ReviewOpen Account
FyersFreeRs 20FreeFreeFreeFyers ReviewOpen Account
Paytm Money2.5% or Rs 20 whichever is lowerRs 20Rs 200FreeFreePaytm Money ReviewOpen Account
Alice BlueFreeRs 15FreeFreeRs 400 PAAlice Blue ReviewOpen Account

Best Stock Broker for Beginners - Final Verdict

Zerodha is the number 1 broker for beginners with Rs 20 maximum brokerage and no cost delivery trading. Also, it has designed a beginner-friendly Kite platform to provide a hassle-free trading experience to newbies.

Groww is the second top-recommended broker to first-time traders or investors. Groww app is the best platform for direct mutual fund investment at zero hassle.

Upstox and Prostocks are also doing great as they has made its platforms easy to use for beginners. Prostocks even charges just Rs 15 flat fee on trading in different segments.

Angel One and Nuvama Wealth are the other recommended broker for you that provides equity research services also. Nuvama wealth offers the lowest brokerage trading at maximum Rs 10 fee.


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.


User Reviews