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.

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Zerodha is top discount brokerage firm by Client base. Zerodha offers to trade in stocks, currency, commodities at very low brokerages.
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.

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Zerodha
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Zerodha is top discount brokerage firm by Client base. Zerodha offers to trade in stocks, currency, commodities at very low brokerages.
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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.

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  1. 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 ...
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.
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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. 

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

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Edelweiss
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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.
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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.

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Icici direct is full service broker with Integrated 3-in-1 trading platform & allow Share trading in both NSE and BSE offering services as ...
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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.

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ICICI Direct
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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.

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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.

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Fyers is a discount brokerage firm driven by a group of young passionate entrepreneur know for its world-class charting solution & faster order ...
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.

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Fyers
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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.
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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.

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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”.

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Stoxkart is discount broker & backed by SMC Global which is well-diversified financial service company in India & abroad. ...
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.

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