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Best Stock Broker for Beginners in India 2024

 

Best Stock Broker for Beginners in India 2024

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 Zerodha 6609384 ₹300/Year EQ Delivery- Free, FNO-₹20/ Order or 0.03% Review
2 Upstox 4980139 ₹0 (Free) EQ Delivery, FNO:- ₹20/ Order or 2.5% Review
3 Groww 4674263 ₹0 (Free) EQ Delivery- ₹20/ Order or 0.05% EQ Intrday-0.03% Review
4 Achiievers 4288171 ₹400 + GST ( 2nd year onwards) Mega Value Plan:- ₹1/Order (₹750/Month)|Per Day Pl Review
5 Angel One 4111606 ₹240 (2nd Year Onwards) EQ Delivery- Free, FNO-₹20/ Order or 0.25% Review
6 Angel One 4111606 ₹240 (2nd Year Onwards) EQ Delivery- Free, FNO-₹20/ Order or 0.25% Review
7 ICICI Direct 3124775 ₹300/Year + GST EQ Delivery- ₹0 EQ Fno- ₹20/ Order Review
8 5Paisa 1506966 ₹300/- EQ Delivery- ₹20/ Order, FNO-₹20/ Order Review
9 Kotak Securities 1179053 ₹500/- Yearly Trade Free Youth:-₹0/- | Trade Free Plan:-Intraday Review
10 Kotak Securities 1179053 ₹500/- Yearly Trade Free Youth:-₹0/- | Trade Free Plan:- 0.25% | Review