Best Stock Broker in India For Beginners – Combination of a Discount & Full Service Broker

Best Stock Broker in India For Beginners

In this article, you will learn Who is the Best Stock Broker for Beginners in India, Top Benefits, Pricing Structure, and Margin Benefits. 

Additionally, you will also get Exclusive Discount Coupons on Account Opening!

But before that, let’s learn about the different types of brokers.

Content:

Discount Broker

A discount broker is one that provides limited services to its clients at a discounted price. By limiting its service the broker is able to reduce the operating cost and thus able to provide broking services at low charges.

To elaborate, let’s take the example of Aliceblue: You can buy and sell ₹ 1000 shares or ₹ 1 Crore worth of shares, you will be charged a maximum of ₹ 15 per order.

Full-Service Broker

As the name implies, a full-service broker provides complete services to its clients at a higher price. Some of the additional services are listed below:

    • Investment Tips
    • Wealth Management
    • Tax-saving Tips
    • Stock Research
    • Retirement Planning, etc.

The charges of Full-Service Brokers are usually on the higher side as they provide various additional services mentioned above. Full-Service brokers charge up to 0.5% brokerage on the turnover. 

To elaborate, if you buy shares worth ₹ 1 lakh, you will have to pay a brokerage of ₹ 500. That’s a huge amount when compared to the discount brokers. 

As you might have already realized both discount brokers and full-service brokers offer unique services of their own and it’s pretty hard to choose between them. 

How amazing would it be to have the pricing structure of a discount broker and the services of a full-service broker combined? 

That would be the best stock broker for beginners, isn’t it?

Well, your search ends here. 

Introducing Aliceblue – A discount broker with the benefits of a full-service broker!

Why is Aliceblue the Best Stock Broker for Beginners in India?

Alice blue was established in 2006 with its headquarters in Bangalore. With close to a couple of decades of experience, Aliceblue has come a long way and has over 20+ branches with more than 1000 partners all over India. 

Top Benefits of Alice blue

Brokerage

Charges List

Freedom 15 Plan
Equity Delivery ₹ 0
Equity Intraday ₹ 15 per order or 0.01% whichever is lower
Equity Futures  ₹ 15 per order or 0.01% whichever is lower
Equity Options  ₹ 15 per order
Currency Futures  ₹ 15 per order or 0.01% whichever is lower
Currency Options  ₹ 15 per order
Commodity Futures  ₹ 15 per order or 0.01% whichever is lower
Commodity Options ₹ 15 per order

 

Margins

Freedom15 Plan
Segment CNC / NRML MIS – Intraday Cover Order Bracket Order
Cash 3X 8X NA UP TO 10X
NSE Futures 1X 2X 4X 2X
NSE Options 1X 2X ON BUY, 2X ON SELL UP TO 4X ON BUY NA
MCX 1X 2X 2X 2X
CDS 1X 2X 2X 2X

 

Here’s how margins work:

Let’s say you have ₹ 10,000 in your trading account, if you are trading in intraday using Bracket Order you can buy stocks worth ₹ 1,00,000.

Calculation: ₹ 10,000 x 10 times = ₹ 1,00,000

Check out this page for daily margin insights.

Trading Platform

We provide the most reliable and safe trading platforms with amazing features:  

  1. Desktop Application: ANT Desk and ANT Meta 
  2. Web-Based Application: ANT Web 
  3. Mobile Application: ANT Mobi 

All these trading platforms are very easy to use and provide 1-year plus historical chart data, 80+ technical indicators, multiple watchlists, and a lot of highly advanced features.

Unique Services

To further make your trading experience smoother we offer a single account for Equity and Commodity Exchange and also provide Two Unique Products:

  • Trade School: It is a stock market education platform that helps you learn everything about stock markets from the beginner to advanced level via webinars, live sessions, courses, etc from the Top Traders & Investors in India.
  • Trade Store: It is a marketplace that provides amazing apps that will ease your trading and investing experience in the stock market. Trade Store has over 15-20 products that can be accessed freely or at a special price if you are an Aliceblue client. 

Here’s how Trade Store can help you in your trading & investment journey:

  • Direct Mutual Funds investment i.e. you can invest in mutual funds with Zero Commission
  • Invest in IPO with a single click via UPI
  • Separate Options Trading Platform with readymade strategies
  • Buy & Sell Signals Software with 70 – 90% accuracy
  • Stock Screeners and market sentiment analyzers for better decision making
  • Predefined Technical and Fundamental analysis strategies
  • Advisory, and more. 

All in all, you will get the benefits of a Full-Service Broker at the price of a Discount Broker! Hence making it the Best Online Stock Broker for Beginners. 

Open your account now!

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