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Best Stock Broker for Beginners in India 2020

05 August 20225 mins read by Angel One
Best Stock Broker for Beginners in India 2020
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Investing in the stock market is a great way to create and multiply your wealth over time. The Indian stock market scenario has matured quite nicely over the years and has the potential to grow even further. However, if you’re new to the world of trading and investment, it is absolutely essential to choose the right stock broker to trade with. This is because the right stock broker can help you make good investment choices and help you grow as an investor.

Angel One, which is one such stock broker for beginners, not only provides you with the right platforms and tools to trade, but also helps you learn more about trading and the stock markets in general. Read on to find out more about Angel One and why it is the best stock broker for beginners in India.

Angel One – An Overview

Headquartered in Mumbai, Angel One is a stock brokerage firm established in the year 1987. With over 30 years of experience in the stock market industry, it is one of the country’s leading stock broking firms in terms of its client base. Angel One is a full-fledged member of all the major stock exchanges in India including the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Multi Commodity Exchange (MCX), and National Commodity & Derivatives Exchange (NCDEX).

Additionally, the firm is also a depository participant with the Central Depository Services Limited (CDSL), which enables it to provide depository services as well. Apart from providing brokerage services, Angel One is also involved in investment advisory, wealth management solutions, and portfolio management services, among others, making it one of the best stock brokers for beginners in India.

Why Angel One is the best stock broker for beginners in India?

Now that you know all about Angel One, let’s take a look at some of the reasons why it is the perfect stock broker for beginners.

  1. Wide-range of products on offer

Unlike most other stock brokers, Angel One offers a remarkably wide variety of products across various segments. With respect to trading in the stock market, you get access to a range of segments such as equity, currency, commodities, and even derivatives including futures and options.

Angel One also offers debt market products such as bonds, both government and corporate, and non-convertible debentures (NCDs), among others, catering especially to risk-averse investors. It doesn’t just stop there though, as you get to invest in mutual funds and Initial Public Offerings (IPOs) as well.

  1. Comprehensive trading platforms

With Angel One, you can access your trading platform from anywhere in the world with almost any device. Whether it is a smartphone, a laptop, or even a desktop computer, Angel One’s trading platform works on almost all devices.

If you have a smartphone running on either Android or iOS, you can simply download the Angel One application from the app store and take access to the stock market with you, wherever you go. You can even log into our web-based trading platform via any browser for a seamless trading experience. Or, if you’re a fan of single-window trading, you could utilize the dedicated SpeedPro desktop trading application for Windows-based computers.

  1. Accurate fundamental and technical research reports   

Unfettered access to extensive and detailed fundamental and technical research reports is one of the reasons why Angel One is the best stock broker for beginners in India. Armed with these meticulous views, reports, and market outlooks, you, as a beginner, can make sensible and profitable trading decisions.

With Angel One, you get complete access to financial reports and analysis, daily and weekly technical reports, and economic and market-related information of stocks of more than 150 companies. Also, you get to enjoy quality stock advisory and guidance services including intraday trading calls and customized portfolio management services tailored to help you achieve your financial goals.

  1. Exhaustive knowledge center

Angel One helps beginners learn the ins and outs of the stock market with the help of a dedicated knowledge center: The Angel Academy. The academy features comprehensive content on a wide variety of topics, which include the basics of stock trading, trading tips, and trading in commodity and derivative segments such as futures and options.

In addition to the above, the knowledge center helps educate beginners with respect to the income tax implications as well. Angel Academy also features several videos, webinars, and podcasts to help you gain knowledge and grow as an investor.

Conclusion :

Exceptional customer support and assistance are other major reasons for beginners to choose Angel One as their broking partner. You get quick and assured solutions to all your queries with the ability to escalate your unresolved issues for immediate redressal. With these many customer-centric offerings and features, Angel One is, without a doubt, the perfect stock broker for beginners.

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