What is the Best Online Stock Trading Site for a Beginner

by Rashmi Deshpande Market Expert

We all are living in a financial crisis time where everything seems to be a bit volatile, a financial market got a huge fluctuation for the past 1 year that impacted all the investors irrespective of their sizes. Therefore, many trade analysts advised beginners to invest carefully in the stock market as the ups and downs are heavily impacted almost on all financial sectors of a country.

Selection of the best stock broking platform requires three essential benefits. Firstly, the stock trading platform is convenient to use. Secondly, the trading platform offers a variety of learning modules so as to encourage beginners. Thirdly, the best stock trading platform should come with outstanding stock market research reports that help newbies to get a detailed insight into a stock.

Here, we will share some of the best brokers that are known to provide the best yet effective results for beginners and professionals. Also, we focused on multiple features that assist new investors to learn new things about the stock market as they are starting their investing journey.

Brokers are selected based on providing high-quality educational resources, clear commission costs, easy navigation and affordable pricing structure and outstanding customer services.

Here are the best stock brokers for beginners of March 2021:

Swastika Investmart

Swastika is a renowned stock trading site for beginners as well as professionals. This is because the site offers both online and offline trading with little hassle.

Within a span of 8 years, the company has managed to surpass the top-notch stock trading companies such as Sharekhan, ICICI Direct. Also, the brokerage rate of Swastika is quite low as compared to other stock trading sites. The stock trading site provides zero Demat account opening charges and account processing charges.

Here are the brokerage charges of Swastika:

For equity delivery, the standard brokerage rate is 0.30%. For equity intraday, the brokerage rate is 0.03%.

Swastika Trading Platform

Justrade Web is the trading platform of Swastika. The USP of Swastika is good in all terms as it provides a minimal and clutter-free interface.

2. Zerodha

Zerodha is the best discount stock broker post Swastika with a huge clientele. Within a span of 8 years, the company has managed to surpass ICICI Direct from its position. When they started their brokerage firm, the industry was ruled out by Motilal Oswal, Sharekhan, ICICI Direct.

Zerodha is known for offering a flat price concept which is known as discount brokerage. However, the brokerage firm does not provide any advisory services and research reports.

Zerodha Trading Platform

Kite is Zerodha's trading platform. Needless to say, Kite is available on Desktop and as a Mobile app. According to the experts, Kite is the real reason behind the huge popularity of Zerodha.

3. Angel Broking

Angel broking is a full service broker that has recently turned into a discount stock broker. Being a reputed stock broker of India, the company has managed to maintain a huge client base by giving quality advisory services with moderate brokerage rates. Due to heavy competition of discount brokers in India, they have now adopted the discount brokerage model.

Angel Broking Trading Platform

Angel EYE (Browser based platform)

Speed Pro by Angel Broking (Desktop based)

Angel Broking app (Mobile app)

4. Sharekhan

Sharekhan is one of the oldest stockbrokers of India with an active number of clients. Established in the year 2000, the stockbroker is a Depository participant that is directly affiliated to NSDL. Like Swastika and Zerodha, they are the third-largest stockbroker.

Sharekhan is the best stock broker for beginners as they provide numerous training modules for its clients.

Sharekhan Trading Platforms

TradeTiger is a famous desktop-based trading platform of Sharekhan. Shakekhan’s TradeTiger is loaded with all the information related to stocks.

5. ICICI Direct

ICICI Direct is the subsidiary of the main bank ICICI which is known for popularizing online trading in India. Earlier all the transactions used to happen physically. The biggest advantage of ICICI is they offer 3-in-1 demat accounts. It offers seamless transfer of funds between savings account and trading account.

ICICI Direct Trading Platforms

ICICI Direct’s trading platform is also known as TradeRacer. With this trading platform, you can view all trending scrips in a single screen. Also, the trading platform offers various screeners to identify all the stocks matching to their criteria.

Final Thoughts

Nowadays, many stockbrokers lure customers with attractive services. Although they said, they don’t charge any brokerage, there must always be some hidden prices that customers have to pay once they open demat account with them. In this way, we find Swastika is the best yet reliable stockbroker as they don’t charge any hidden costs. When it comes to transparency and best in class services, Swastika comes second to none.

Its trustworthy stock trading services, advisory services and quality research reports make Swastika the top stock brokers in Indore and India as well.