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Top 5 Best Stock Brokers for Beginners in India 2024

Best Stock Broker for Beginners in India

Getting started in the stock market can be an exciting yet overwhelming journey, especially for beginners. Choosing the best stock broker is crucial as it sets the foundation for your investment success. To help you navigate through the vast options available, we have curated a list of the best stock brokers for beginners in India. These brokers have been carefully evaluated based on their user-friendly platforms, educational resources, customer support, low fees, research tools, and regulatory compliance. Let’s explore these top stock brokers and find the perfect fit for your investment goals.

Our Top Pick Stock Broker for Beginners in India 2024



Best for Beginners, Free Account Opening, & Saves from high brokerage fees.



Best for Quick, easy, and cost-effective equity trading.

Why Choosing the Right Stock Broker Matters:

Selecting the right stock broker is crucial for beginners as it sets the foundation for your investing journey. A good stock broker can provide you with the necessary tools, guidance, and support to help you make informed investment decisions. They should offer a seamless trading experience, a wide range of investment options, and competitive pricing to ensure you maximize your potential returns while minimizing costs.

Please Read Best For Beginners!

Our Criteria for Evaluating the Best Stock Brokers for Beginners:

We have carefully evaluated numerous stock brokers in India based on several key factors. These include:

  1. User-Friendly Platforms: We prioritize brokers with intuitive and easy-to-use trading platforms.
  2. Educational Resources: We look for brokers that offer educational materials to help beginners understand stock trading basics.
  3. Customer Support: Prompt and reliable customer support is crucial for beginners.
  4. Low Fees and Commissions: We consider brokers with competitive pricing and transparent fee structures.
  5. Research and Analysis Tools: We assess brokers based on the availability of research and analysis tools to aid investment decisions.
  6. Account Types and Minimum Deposits: We evaluate brokers based on the types of demat & trading accounts offered and their minimum deposit requirements.
  7. Security and Regulations: We only recommend brokers that are regulated and employ robust security measures.

Discover the Best Stock Brokers for Beginners in India:

On our website, you’ll find a comprehensive list of the best stock brokers for beginners in India. Each broker has been thoroughly reviewed and ranked based on our evaluation criteria. We provide in-depth information about their features, pricing, account types, educational resources, and more. This allows you to compare brokers side by side and make an informed decision.

Additionally, we offer informative articles and guides that cover various aspects of stock trading for beginners. From understanding stock market basics to developing investment strategies, our resources will empower you to embark on your investment journey with confidence.

Start Your Stock Trading Journey Today!

Whether you’re a complete novice or have some experience in stock trading, finding the right stock broker is essential. With our guidance and expertise, you’ll be equipped with the knowledge to select the best stock broker that suits your needs as a beginner in India. Begin your investment journey today and unlock the potential of the stock market!

List of Top 5 Best Stock Brokers for Beginners in India 2024:

RankingBest for beginnersRating
4.Angel One8.06/10

1. Zerodha

Zerodha Review: Stock Trading, Demat, Brokerage & more

Zerodha, a renowned discount broker, is widely recognized as India’s first and most successful of its kind. Many consider it to be the best stockbroker in the country. Founded by Nithin Kamath in 2010, Zerodha has achieved remarkable prominence and popularity, solidifying its position among the top stockbrokers in India.

With an extensive customer base, Zerodha boasts the highest number of registered clients. This impressive figure adds to its appeal, as it signifies the quality of its products and reinforces its reputation as the best stockbroker in India.

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/ order
  • Commodity Trading – Rs. 20/order
  • Minimum Brokerage – Free
  • Demat AMC Charges – Rs. 300/annum
  • Trading AMC Charges – Free

Since December 2015, Zerodha has prominently implemented a policy of charge-free equity delivery trades. This distinct feature of zero brokerage charges has played a significant role in establishing Zerodha as both the best stock broker in India and a renowned discount broker.

2. 5Paisa

5Paisa Review | Margin, Demat, Brokerage Charges (updated)

5Paisa, a rapidly rising discount broker in India, has swiftly established itself as one of the best stockbrokers in the country. Founded by Prakash Gagdani in 2016, 5Paisa has garnered significant popularity among stockbroking firms within a short span of time.

The key factors contributing to its success are the low brokerage charges coupled with quality services. Boasting a customer base of over 30 lakh plus, 5Paisa has gained trust and loyalty from its clients. Additionally, the firm is dedicated to introducing innovative products such as IPOs, NCDs, and funding loans.

Despite having a sole office in Mumbai and no presence in other global locations, 5Paisa has managed to emerge as the best stockbroker in India.

Charges & Fees:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/order
  • Commodity Options Trading – Rs.20/order
  • Minimum Brokerage – Rs.10 (for smart trade)
  • Demat AMC Charges – Rs. 400/ annum
  • Trading AMC Charges – Free

Considering the above fees and charges, it is clear that the presence of minimal brokerage charges has played a vital role in establishing them as the leading stockbroker in India.

3. Upstox

Upstox Review | Margin, Demat Account, Brokerage Charges

Upstox, a private discount broker headquartered in Mumbai, initially operated under the name RKSV before rebranding itself. It has swiftly emerged as one of the top stockbrokers in India, offering a diverse range of retail products and services in the stock market.

Established in 2011 by Raghu Kumar, Ravi Kumar, and Shrinivas Vishwanath, Upstox has quickly earned the reputation of being the best stockbroker in India. Their services are known for their affordability, catering to various trading categories such as equities, currency, futures, and more.

Upstox’s trading platform is specifically designed to deliver a user-friendly and seamless experience, further enhancing their status as the best stockbroker in India. Their hassle-free services have gained immense popularity among investors and traders alike.

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20
  • Commodity Options Trading – Rs.20
  • Minimum Brokerage – Rs. 20
  • Demat AMC Charges – Rs. 150/ annum
  • Trading AMC Charges – Free

Upstox offers the advantage of a zero-cost trading account opening, applicable even for equity delivery trades. This factor has contributed to the company’s position as one of the leading stockbrokers in India.

4. Angel One

Angel Broking or angel one Review, Margin, Demat, Brokerage Charges (updated)

Angel One, a reputable full-service broker, is widely recognized as one of the premier stockbrokers in India. Established in 1987 by founder Dinesh Thakur, the firm boasts a strong reputation in the stock market industry, owing to its extensive experience.

The firm’s notable strengths include its highly acclaimed advisory team, renowned for providing high-quality assistance and guidance to customers in stock trading and other related areas.

Angel One is a registered Depository Participant with CDSL and holds legal membership in both the Bombay Stock Exchange and the National Stock Exchange. With a customer base of approximately 1 million and a presence in thousands of cities, the company solidifies its position as one of the best stockbrokers in India.

Charges & Fee:

  • Equity Delivery Trading – Free
  • Equity Intraday Trading – Rs. 20/order
  • Commodity Options Trading – Rs. 20/ order
  • Minimum Brokerage – Rs. 20/ order
  • Demat AMC Charges – Free/ Rs.300
  • Trading AMC Charges – Free

The firm maintains a pricing of Rs. 20 per order across all services, excluding equity delivery, which is offered under the name Angel i-Trade Prime. This offering solidifies Angel One position as one of the premier stockbrokers in India.

5. Sharekhan

Sharekhan Review, Margin, Demat, Brokerage Charges (updated)

Sharekhan, a well-regarded full-service broker in India, has earned the distinction of being one of the best stockbrokers in the country. It is recognized as a leading provider of online trading services and is credited with popularizing the concept of online trading in India.

Established in 2000 by founder Shripal Morakhia, Sharekhan swiftly gained prominence, securing its position as the top stockbroker in India. With a customer base exceeding 1.4 million, Sharekhan’s success is bolstered by its extensive reach, boasting 1850 offices across the nation and international brands.

Offering a range of investment options including IPOs, mutual funds, and Demat accounts, Sharekhan has solidified its status as the best stockbroker in India. These factors contribute to its reputation as a comprehensive and reliable choice for investors.

Charges & Fees:

  • Equity Delivery Trading – 0.5%
  • Equity Intraday Trading – 0.1%
  • Commodity Trading – 0.1%
  • Demat AMC Charges – Rs. 300/ annum
  • Trading AMC Charges – Free

An exceptional aspect of the company is its provision of both Pre-Paid and Post-Paid Plans. These plans offer minimum brokerage charges determined by the service and margin amount, contributing to the firm’s recognition as one of the best stockbrokers in India.

Which broker is good for beginners?

Zerodha , Sharekhan and Upstox is often considered a good broker for beginners due to its user-friendly interface, educational resources, and low-cost brokerage structure.

How to find the best stock broker for beginners in India?

To find the best stock broker for beginners in India, consider the following factors:

1. Research and compare brokers based on their reputation, customer reviews, and services.
2. Look for brokers with user-friendly trading platforms and educational resources.
3. Consider brokerage charges, account opening fees, and maintenance charges.
4. Check if the broker offers a demo account or virtual trading to practice trading.
5. Look for brokers with good customer support and responsive service.
6. Consider the range of investment options and research tools provided.
7. Ensure the broker is registered with SEBI (Securities and Exchange Board of India).

By evaluating these factors, beginners can find a broker that suits their needs and helps them navigate the stock market with ease.

Which Stock Broker is best for students?

Zerodha & Upstox Discount broker is the best for students because they have the cheapest brokerage charges offers. You will also go through the full-service broker but full-service broker brokerage charges are high in comparison to the discount broker.

Who is the cheapest stock broker in India?

In this category always win Discount brokerage firms because they are charge always cheap brokerage as compared to full-service brokers.


In conclusion, some of the best stock brokers in India include Zerodha, Upstox, 5Paisa, Angel One, and Sharekhan. These brokers offer a range of services, advanced trading platforms, and strong customer support. However, the best stock broker ultimately depends on individual preferences, trading style, and specific requirements. It is crucial for investors to conduct thorough research, compare features, and consider their personal needs before selecting the most suitable broker for their investment journey in India.

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