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.
Brokarage Type

Trading & Demat A/C Opening Charge

₹ 300

Commodity A/C Opening Charge

₹ 200

Equity Intraday Brokerage

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

Equity Delivery Brokerage

Equity Option Brokerage

₹ 20/ executed order

Equity Future Brokerage

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

Currency Option Brokerage

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

Currency Futures Brokerage

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

Commodity Futures Brokerage

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

Commodity Options Brokerage

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

DP Transaction Charge

₹ 13.5

Segment Supported

, , , ,

AMC Charge (Yearly)

₹ 300

Tips & Research

No

Services

, , , , , ,

Offline Order Placing Charge

Rs. 50 per executed order

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
Deal
1 year ago

Zerodha

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 ...
Brokarage Type

Trading & Demat A/C Opening Charge

₹ 300

Commodity A/C Opening Charge

₹ 200

Equity Intraday Brokerage

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

Equity Delivery Brokerage

Equity Option Brokerage

₹ 20/ executed order

Equity Future Brokerage

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

Currency Option Brokerage

₹ 20/executed order

Currency Futures Brokerage

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

Commodity Options Brokerage

₹ 20/executed order

Commodity Futures Brokerage

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

DP Transaction Charge

21.83 ₹

Segment Supported

, , , ,

AMC Charge (Yearly)

₹ 150

Tips & Research

No

Services

, , , , , ,

Offline Order Placing Charge

₹ 20

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 ...
Brokarage Type

Equity Delivery Brokerage

Segment Supported

, , ,

Services

, , , , , ,

AMC Charge (Yearly)

₹ 300

Equity Future Brokerage

₹10 / 0.01% whichever lower

Tips & Research

Yes

Equity Intraday Brokerage

₹10 / 0.01% whichever lower

Equity Option Brokerage

₹10 / 0.01% whichever lower

Trading & Demat A/C Opening Charge

FREE

Commodity Futures Brokerage

₹10 / 0.01% whichever lower

Currency Option Brokerage

₹10 / 0.01% whichever lower

Commodity Options Brokerage

₹10 / 0.01% whichever lower

Currency Futures Brokerage

₹10 / 0.01% whichever lower

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
Deal
5 months ago

Edelweiss

Edelweiss Broking Limited is a SEBI registered financial services company offering stock trading services since 2008. It offers its services online ...
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
Brokarage Type

Equity Intraday Brokerage

0.05%

Segment Supported

, ,

Services

, , , , ,

DP Transaction Charge

₹25 or 0.05% (Whichever is higher)

Equity Option Brokerage

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

Equity Future Brokerage

0.05%

AMC Charge (Yearly)

₹ 450

Tips & Research

Yes

Offline Order Placing Charge

Nil

Trading & Demat A/C Opening Charge

₹ 975

Commodity A/C Opening Charge

NA

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