I opened my first Demat account in 2019 after getting my first job because I wanted to invest 20% of my salary in the stock market.
So I thought that brokers like ICICI or Sharekhan would help me to take the right shares. I did not have the knowledge of stock investing at that time.
Opening an account with ICICI is easy because I went to have a salary account with ICICI Bank. He started sending me tips on stock trading and investing.
I kept on buying and selling as per his recommendation, but later I realized that I am losing a lot of money in brokerage as ICICI was charged as high as 0.5% on my trades.
Switched to Sharekhan to save the brokerage but they were also charging 0.1% on the buy/sell transactions.
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Best Demat & Trading Account In India
1. Zerodha Demat Account
Zerodha is the largest and so most reliable discount broker with a user base of over 30 lakhs. The biggest reason so for the success of Zerodha is its customer support which is better than all other discount brokers.
Zerodha charges a brokerage fee of 0.03% or so less. 20 per executed order whichever is less. You can save up to 90% if you trade at a high volume compared to other full-service stockbrokers. The stock delivery business is free on Zerodha.
You’ll find the trading platform with other devices so for improved technical analysis with advanced charts and Zerodha.
Account Charges
- Commodity account opening charges – Rs 100
- Annual maintenance charges – Rs 300 per year
Brokerage Charges
- Equity Delivery- zero brokerage
- Equity Intraday- 0.03% or Rs 20 per executed order whichever is lower
- The Equity Futures- 0.03% or Rs 20 per executed so order whichever is lower
- Equity Options- flat Rs 20 per executed order
Zerodha Trading Platforms–
- Zerodha Kite 3.0-Investors and traders that price data, so using multi-market, advanced charts, and offers simple UI streaming of a complete business solution.
- Kite by Zerodha Mobile App –A mobile app version of Kite 3.0 for a seamless business experience, especially the younger generation (Android / iOS) for smartphone users.
- Zerodha Coin – A platform offers without so any commission paid to buy an online direct mutual fund.
2. 5Paisa Demat Account
5Paisa apartment takes so the lowest brokerage fee of 10 business bucks add-ons under ultra businessman pack. So you can pay the same commission of Rs crore so worth of business and only 10 trade.
Ultra Trader Pack comes with so the per month cost. Without 999. Pack, 5Paisa takes so flat brokerage fee of Rs. 20 per executed order.
You can use a 5Paisa mobile trading app for business. 5Paisa mobile application in terms of easy usability, user experience, and so faster speed is the best mobile application in India.
Will be opened on the same day to submit so all your 5Paisa account documents. If you are looking for the lowest brokerage demat account, so you go with 5Paisa.
5Paisa Annual Charges Details
- Research & Idea Pack – Rs. 499 per month. So Brokerage Rs. 20 per trade and AMC Rs. 45 per month.
- Ultra Trader Pack – Rs. 999 per month. So Brokerage Rs. 10 per trade and NIL AMC charges.
5Paisa Brokerage Charges
Trading Segment | Research & Idea Pack | Ultra Trader Pack |
---|---|---|
Equity delivery | Rs. 20 per executed order | Rs. 10 per executed order |
Equity Intraday | Rs. 20 per executed order | Rs. 10 per executed order |
Equity derivatives | Rs. 20 per executed order | Rs. 10 per executed order |
Currency derivatives | Rs. 20 per executed order | Rs. 10 per executed order |
Commodity derivatives | Rs. 20 per executed order | Rs. 10 per executed order |
5Paisa Trading Platforms–
- The 5Paisa Trader Station Web
- 5Paisa .EXE Trader Terminal
- 5Paisa App
3. Upstox Demat & Trading Account
Upstox is cheap brokerage fees, advanced technology platforms, and so best discount brokers in India due to higher margins.
The Upstox takes a fixed commission of Rs. Free stock regardless of trading volume with the delivery of intraday per 20 trade. Compared to other full-brokers when you can save a good amount of brokerage.
You will find the main requirement for the business with Upstox is the fastest and so best online trading platform in India.
Upstox Account Regular Fee & Charges
- The Upstox Demat and Trading Account Opening – Free (limited time offer)
- Upstox Annual Maintenance Charges – Rs. 25 per month
Upstox Trading Brokerage Charges
Type | Brokerage |
---|---|
Equity Delivery | Rs. 0 |
Equity Intraday | Lower of Rs. 20 per executed order or 0.05% |
Equity Futures | Lower of Rs. 20 per executed order or 0.05% |
Equity Options | Rs. 20 per executed order |
Currency Futures & Options | Lower of Rs. 20 per executed order or 0.05% |
Commodity F&O | Lower of Rs. 20 per executed order or 0.05% |
4. IIFL Demat Account
IIFL Securities Ltd (IIFL) is one of the largest full-service stockbrokers with so more than 40 million customers.
The IIFL Demat account investor is best for the needs of guidance and research support while making investment decisions.
You will need to pay a commission based on a percentage of business and so investment value. IIFL 3 separate commission plans which so include variable brokerage, apartment brokerage and value-added brokerage.
IIFL Account Opening Charges
- Account opening charges – FREE
- First-year annual so maintenance charges – FREE (limited time)
IIFL Brokerage Charges
- Stock delivery – Free
- so Intraday, futures & options – Flat Rs 20/trade
Benefits of IIFL Demat Account
- Free account opening & zero first year AMC
- so Value-added services like IPO & mutual fund investment.
5. Angel Broking Demat Account
Angel Broking is one of India’s oldest so brokerages 2.15 million brokerage accounts.
The Angel relies so on Broking’s customer care service mark. I recommend Angel Broking only if your Adhaar card associated with your mobile number.
You can start trading after verifying their identity to meet your complete application online and so Adhaar OTP.
Account Charges of Angel Broking
- So Trading Account Opening Charges – Rs 0.
- Demat Account Opening Charges – Rs 0.
- So Annual Maintenance Charges – Rs. 0 for the first year then Rs. 450 per annum.
The Angel Broking Provided Trading Platforms
- The Angel Broking Trade
- Angel Broking App
- Angel Speed Pro
Additional Services–
- Margin is provided to 10 times so the amount deposited.
- You can start trading so within 1 hour through digital KYC.
Read Also- Top 7 Best Discount Broker In India 2021