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FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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  |
| Groww | 0.05% or Rs 20 whichever is lower | Rs 20 | Free | Free | Free | | Open Account |
| ProStocks | Free | Rs 15 | Free | Free | Rs 0 (Rs 1000 Refundable Deposit) | | Open Account |
| Angel One | Free | Rs 20 | Free | Free | Rs 240 PA (Waived for 1st year) | | Open Account |
| Upstox | 2.5% or Rs 20 whichever is lower | Rs 20 | Promotion offer: Free | Free | Free | | Open Account |
| 5paisa | Flat Fee Rs 20 | Rs 20 | Free | Free | Rs 300 PA | | 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 | |||||||
| Nuvama Wealth | Flat Rs. 10 per executed order | Rs 10 | Free | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | | Open Account |
| Fyers | Free | Rs 20 | Free | Free | Free | | Open 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 |
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;
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.
