Best Stock Brokers for Beginners in India 2020

As a beginner’s everyone is looking for Best Stock Broker to Invest in the stock market. Whenever someone asks me which is the best stock broker for beginners in India. My answer may come as a surprise to you but it’s true.

The best online share broker in India for beginners?
Its NONE – Yes, please understand dear beginners!

Stockbroker’s main concern is to generate revenue either by brokerage generation or by providing other financial products & services from the client. Even they are not bothered or excited whenever we earn profit or lose money because it’s doesn’t matter to them ultimately brokerage revenue will come to their hands.

If you will check whichever stockbroker was the best stockbroker in the year 2010 may not be the best broker nowadays, so make sure that you are getting the latest information article. Even sometimes different people have different investment prospect so it depends upon person to person.

By the end of this article, I hope to impart the reader with a good overview of Best stock broker India & the service they offerings and where they stand, what they do right and what could be better.

List Of Best Stock Broker for beginners:

Zerodha

For the beginner, I always prioritize basic financial education of the stock market to be the most important aspect to focus on. Saving money on stock trading won’t do you any good if you can’t learn the basics of how to trade stocks online.

  • Product
  • Specification
  • Photos
  • Videos
Zerodha is top discount brokerage firm by Client base. Zerodha offers to trade in stocks, currency, commodities at very low brokerages.
Add to compare
Segment Wise Broekerage
Commodity Futures Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Commodity Options Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Currency Futures Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Currency Option Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Equity Delivery Brokerage

Equity Future Brokerage

0.01% or ₹ 20/executed order (whichever is lower)

Equity Intraday Brokerage

Flat Rs. 20 or 0.03% (whichever is lower)

Equity Option Brokerage

₹ 20/ executed order

Account Charges
Offline Order Placing Charge

Rs. 50 per executed order

Tips & Research

No

Trading & Demat A/C Opening Charge

₹ 300

Commodity A/C Opening Charge

₹ 200

Specification
Brokarage Type

DP Transaction Charge

₹ 13.5

Segment Supported

, , , ,

AMC Charge (Yearly)

₹ 300

Services

, , , , , ,

Zerodha holds top position while we talk about stock broker for beginners as they provide the free educational resource. Zerodha Varsity is free of cost educational initiative by Zerodha for its clients & all others. They are a technology-based start-up they have a very simple User Interface Trading Platform named as Kite which is very easy for beginners to get started into the stock market.

Add to compare
zerodha logo in hd
Deal
Zerodha is top discount brokerage firm by Client base. Zerodha offers to trade in stocks, currency, commodities at very low brokerages.
back to menu ↑

Upstox

Upstox, which is the best broker after zerodha as Zerodha provide far better educational resource then Upstox. Upstox recently becomes a true competitor of Zerodha as they have the same pricing (Brokerage). Upstox also offers Invite & Earn program to lure new customer base.

  • Product
  • Specification
  • Videos
  • Upstox is one of India's leading discount brokerage firm. Our user base spans over 1 lakh traders process over Rs. 20,000 crores of the daily ...
    Add to compare
  • Segment Wise Broekerage
    Commodity Futures Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Commodity Options Brokerage

    ₹ 20/executed order

    Currency Futures Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Currency Option Brokerage

    ₹ 20/executed order

    Equity Delivery Brokerage

    Equity Future Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Equity Intraday Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Equity Option Brokerage

    ₹ 20/ executed order

    Account Charges
    Offline Order Placing Charge

    ₹ 20

    Tips & Research

    No

    Trading & Demat A/C Opening Charge

    ₹ 300

    Commodity A/C Opening Charge

    ₹ 200

    Specification
    Brokarage Type

    DP Transaction Charge

    21.83 ₹

    Segment Supported

    , , , ,

    AMC Charge (Yearly)

    ₹ 150

    Services

    , , , , , ,

    In case, if you are looking to open Free Demat & trading account then Upstox is also a better choice over Zerodha.

    Upstox
    Upstox is leading discount broker in India known for it's features and stable and low brokerage.
    back to menu ↑

    Edelweiss

    Edelweiss furnishes the needs of traders – both novices and veterans alike with almost 25 years in the industry as Full-service broker, they’re one of the leading diversified financial services conglomerates. 

    • Product
    • Specification
    • Photos
    Edelweiss Broking Limited is a SEBI registered financial services company offering stock trading services since 2008. It offers its services online ...
    Add to compare
    Segment Wise Broekerage
    Commodity Futures Brokerage

    ₹10 / 0.01% whichever lower

    Commodity Options Brokerage

    ₹10 / 0.01% whichever lower

    Currency Futures Brokerage

    ₹10 / 0.01% whichever lower

    Currency Option Brokerage

    ₹10 / 0.01% whichever lower

    Equity Delivery Brokerage

    Equity Future Brokerage

    ₹10 / 0.01% whichever lower

    Equity Intraday Brokerage

    ₹10 / 0.01% whichever lower

    Equity Option Brokerage

    ₹10 / 0.01% whichever lower

    Account Charges
    Tips & Research

    Yes

    Trading & Demat A/C Opening Charge

    FREE

    Specification
    Brokarage Type

    Segment Supported

    , , ,

    Services

    , , , , , ,

    AMC Charge (Yearly)

    ₹ 300

    They have recently launched discount brokering plan so that is the reason for re-rating. They Charge very less brokerage only 10 rs per order. They also provide Dedicated Relationship Managers and dealers market research and analysis provisions in the brokerage industry of India, featuring both fundamental and technical calls. In a real sense, they are worth every penny as they provide many services at very low cost.

    Add to compare
    Edelweiss (Nuvama)
    Deal
    Edelweiss Broking Limited is a SEBI registered financial services company offering stock trading services since 2008. It offers its services online as well as through its 475 offices located across 200 locations.
    back to menu ↑

    ICICI Direct

    ICICI direct is the top option in full-service brokerage space as they are one of the leading stockbrokers after zerodha in terms of client ways and also volume but what takes that them back from the competition is only their higher brokerage charges.

    • Product
    • Specification
    Icici direct is full service broker with Integrated 3-in-1 trading platform & allow Share trading in both NSE and BSE offering services as ...
    Add to compare
    Segment Wise Broekerage
    Equity Future Brokerage

    0.05%

    Equity Intraday Brokerage

    0.05%

    Equity Option Brokerage

    ₹ 95 /lot for overnight & ₹ 25/ lot for intraday

    Account Charges
    Offline Order Placing Charge

    Nil

    Tips & Research

    Yes

    Trading & Demat A/C Opening Charge

    ₹ 975

    Commodity A/C Opening Charge

    NA

    Specification
    Brokarage Type

    Segment Supported

    , ,

    Services

    , , , , ,

    DP Transaction Charge

    ₹25 or 0.05% (Whichever is higher)

    AMC Charge (Yearly)

    ₹ 450

    Literally, if there are two brokers and their main business is to execute orders into exchanges from your end & one is charging very high brokerage and another one is charging very low brokerage so which one will you choose. By the end of the day both brokers are doing the same job so why should you need to pay more.

    Add to compare
    icici direct broker logo- paisowala broker compare
    Deal
    Icici direct is full service broker with Integrated 3-in-1 trading platform & allow Share trading in both NSE and BSE offering services as Margin, MarginPlus, Research & Advisory, IPOs. Derivatives trading, NRI trading, mutual funds & much more.

    ICICI direct has everything whatever the retail investor needs but their brokerage charges take them back into top stock broking race.

    back to menu ↑

    Fyers

    Fyers has a team of young talented and dedicated entrepreneurs. Fyers recently started their business in 2016 and over the year they have developed a very good clinical base.

    • Product
    • Specification
    Fyers is a discount brokerage firm driven by a group of young passionate entrepreneur know for its world-class charting solution & faster order ...
    Add to compare
    Segment Wise Broekerage
    Equity Delivery Brokerage

    Equity Future Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Equity Intraday Brokerage

    0.01% or ₹ 20/executed order (whichever is lower)

    Equity Option Brokerage

    ₹ 20/ executed order

    Account Charges
    Offline Order Placing Charge

    ₹ 20

    Tips & Research

    No

    Specification
    Brokarage Type

    Segment Supported

    , , ,

    Services

    , , ,

    AMC Charge (Yearly)

    ₹ 400

    DP Transaction Charge

    20 ₹

    Fyers believe they provide the best stock trading platform in India due to this reason they also offer free demat and trading account opening to experience their trading platform.

    Add to compare
    Fyers Logo
    Deal
    Fyers is a discount brokerage firm driven by a group of young passionate entrepreneur know for its world-class charting solution & faster order execution rate.
    back to menu ↑

    Sharekhan

    Sharekhan is one of the oldest and very well known stock brokerage firms in India and also worldwide presence. They are not the only stockbrokers they provide almost all the financial services through their platform. Sharekhan is mostly like a full-service broker so comparatively they have also comparatively higher brokerage slab & other charges.

    Most of the people who join them reported that they are not satisfied by their customer support and also trading tips. Their trading Platform trade tiger is ultimate. Truly, it’s for Pro Trader, who wants to level up their trading experience.

    back to menu ↑

    Stoxkart

    Stoxkart is the youngest discount broker launched in 2019 based out of New Delhi, India. It’s powered by SMC Global which is a full-service broker giant. SMC Global Securities Limited operates as a financial service company which is a full-service broker as the competition was heating up so they launched their Discount broker with the new concept of “Pay only when you earn profit”.

    • Product
    • Specification
    Stoxkart is discount broker & backed by SMC Global which is well-diversified financial service company in India & abroad. Stoxkart charge ...
    Add to compare
    Segment Wise Broekerage
    Commodity Futures Brokerage

    ₹15/- FLAT per executed order

    Commodity Options Brokerage

    ₹15/- FLAT per executed order

    Currency Futures Brokerage

    ₹15/- FLAT per executed order

    Currency Option Brokerage

    ₹15/- FLAT per executed order

    Equity Delivery Brokerage

    Equity Future Brokerage

    ₹15/- FLAT per executed order

    Equity Intraday Brokerage

    ₹15/- FLAT per executed order

    Equity Option Brokerage

    ₹15/- FLAT per executed order

    Account Charges
    Offline Order Placing Charge

    ₹ 20

    Tips & Research

    Yes

    Trading & Demat A/C Opening Charge

    FREE

    Commodity A/C Opening Charge

    Free

    Specification
    Brokarage Type

    DP Transaction Charge

    ₹ 15.5/- per scrip

    Segment Supported

    , ,

    AMC Charge (Yearly)

    ₹ 300

    Services

    , , , ,

    Stoxkart only charges Rs. 15 per trade maximum & charge brokerage only when you earn profit in the trade. If you lose in any trade they will not charge brokerage so if you are beginners there might be chances that you may end up few trades on the wrong side so this way you minimize the burden of Brokerage after the loss.

    Stoxkart
    Stoxkart Free Account Opening Offer
    Free 500
    Spread the love

    Open Zerodha A/C Online

    X
    Paisowala
    Logo
    Compare items
    • Total (0)
    Compare
    0