Best Demat Accounts in India – Comparison of Top Trading Brokers

5Paisa.com JOIN NOW!
Upstox JOIN NOW!
Zerodha JOIN NOW!

Stepping into trading can be a difficult decision. From choosing a good Demat and trading account to actually investing time into buying and selling shares, there are many things that need to be taken care of.

If you’re someone who has been trading for some time, by now you must have realized the importance of having a good trading account. But if you are new and confused about Demat accounts then this article will help you find the best Demat account in India. 

P.S: More information about Demat accounts after the list, if you are a beginner, jump to that section.

Finding a Demat account with a low brokerage, and offers minimal account maintenance charge can be a tough job. So here are 15 Demat accounts in India that you should consider.

Now, before I begin with the list, it is important to mention that selecting a Demat account varies on individual needs and expectations. So if you are considering some broker, make sure you have deeply studied their policies and conditions.

Top 15 Best Demat Accounts in India 2020

1. 5paisa Demat Account

Although this list is in no particular order, I still want to keep 5paisa demat account at the top. When every other broker keeps a percentage of your trade 5paisa offers a flat fee of Rs 10. This means, even when your trade volume increases, you won’t have to worry about a part of it going to the broker.

Read my In-depth 5Paisa Review

5paisa doesn’t only maintain all your trading records in the form of electric records; it is also extremely to navigate your way through the website. It wouldn’t be wrong if I say that 5paisa is the best demat account for beginners in India.

APPLY FOR 5PAISA ACCOUNT NOW!

The 5paisa brokerage firm offers you a wide range of options to trade in. Trade in equity options, equity futures, equity intraday, equity deliver and currency F&O. Here is a brief of the margins on each of these transactions.

  • Equity transactions – 15 times
  • Equity Delivery – 5 times
  • Equity Futures – 2 times
  • Equity Options – 2 times
  • Currency F&O – 2 times

Types of Trading Accounts Offered

5paisa offers multiple trading platforms for new as well as experienced traders.

  • Web Application – The web application is used by beginners mostly. It offers all the important online softwares required to make trading simpler.
  • Mobile ApplicationThe mobile application gives you easy access to trading wherever and whenever. It is as easily navigational as the web application and also compact.
  • Trade Station EXEThe trade station exe is a desktop-based trading platform that comes with essential and professional tools to make trading easy. You should use it only if you plan to make a professional trade.

Why you Should opt for 5paisa

  • Low brokerage at only Rs 10 per executed order, irrespective of the volume of your trade.
  • You can trade in stocks, futures, options, and currencies.
  • Low annual maintenance charges at Rs 400
  • Easy navigation through the website.
  • No compulsion of maintaining a minimum balance.

It has an opening fee of Rs 650. But when you consider the low brokerage and complete assistance through trading, it is something that can be looked over.

2. Zerodha Demat Account

Zerodha is another well-known broking firm that is becoming more and more popular in the country, probably because of its extremely low brokerage cost at only 0.01%  or Rs 20, considering the lesser one and an easy to use interface.

A good, new, trading equity delivery costs you no extra brokerage charges. What can be more beneficial than this? Moreover, this diverse trading platform gives you the freedom to trade in equity delivery, equity intraday, equity futures, equity options, currency futures and options, commodities, both future and options.  

Its large trader base with more than a million traders makes it a stable and dependable source for casual and professional trading. So if you are looking for the best demat account in India, them Zerodha is broking firm that you should keep in your comparison list.

APPLY FOR ZERODHA DEMAT ACCOUNT NOW

Zerodha Charges?

Zerodha charges brokerage and taxes on different transactions. Here is a brief for all the charges.

For Equities

Brokerage charge: 0.01% or Rs 20 per executed order, depending on which one is lesser. This charge is not applicable to equity delivers.

STT/CTT

  • Equity Delivery: 0.1% on buy/sell
  • Equity Intraday: 0.025% on every sale.
  • Equity Futures: 0.01% on every sale.
  • Equity options: 0.05% on every sale.

Equity Delivery

  • NSE: 0.00325%
  • BSE: 0.003%

Equity Intraday

  • NSE: 0.00325%
  • BSE: 0.003%

Equity Futures

  • NSE: 0.0019%
  • BSE: 0.003%

Equity Options

  • NSE: 0.05%
  • BSE: 0.003%

Extra GST, SEBI and Stamp charges (depending on the state).

For Currency F&O

Brokerage charge: 0.01% or Rs 20 per executed transaction.

No STT/CTT

Transaction fee

NSE – 0.0009% (Futures) & 0.0007% (Options)

BSE – 0.00022% (Futures) & 0.001% (Options)

Extra GST, SEBI and stamp charges (depending on the state).

For complete Transaction charges and taxes visit https://zerodha.com/charges

Zerodha also has a number of products or softwares that you can purchase to ease your work and their additional services take the stress off of your shoulder. These services cost extra so if you have a substantial income you can also consider buying a few of them.

Zerodha Trading Platforms

  • Zerodha Trader – Zerodha trader provides complete market data and multi-market access. It is best for professional use.
  • Zerodha Z5 –  It is a website specially designed for users with low internet access (less than 512kbps).
  • Zerodha Mobile – Mobile app that helps you trade in a compact and fast medium.
  • Zerodha Pi – Zerodha Pi is a leading software created to cater to all the needs of a trader. It is easy to use, reliable and works efficiently.

Also ReadZerodha Review

Why You Should Opt It?

  • No brokerage on Delivery.
  • The maximum brokerage of Rs 20 per executed order.
  • Provides a good margin between 4 to 10 times.
  • The brokerage can be less than Rs 20 since there is no minimum capacity on it.

Account Charges

  • No fee on opening a trading account.
  • Opening a demat account – Rs 300
  • Zero trading account maintenance charge.
  • Annual demat account maintenance charge – Rs 300.

3) Upstox

Uptox is a new age indian broking firm that provides trading opportunities at extremely low brokerage. Upstox lets you trade in a large number of financial segments including equities, commodities and currencies.

It is extremely simple to open an account with Upstox through both online and offline modes. I have discussed its brokerage and trading features in detail below.

APPLY FOR UPSTOX DEMAT ACCOUNT!

Account Types

  • Upstox Basic: It is a basic trading terminal through website and mobile. A percentage of the stock has to be given to the company as brokerage.
  • Upstox Pro: A medium for professional and active traders that provides much more tools than the basic terminal. Moreover, the brokerage per order is Rs 20 flat.

What do they Charge?

Trading SegmentBasic PlanUpstox Pro
Equity DeliveryFreeFree
Equity Futures0.01% or Rs20 (lower)0.05% or Rs 30 (lower)
Equity Options0.01% or Rs20 (lower)0.05% or Rs 30 (lower)
Commodity0.01% or Rs20 (lower)0.05% or Rs 30 (lower)
Currency 0.01% or Rs20 (lower)0.05% or Rs 30 (lower)

Margin Intraday

Trading SegmentBasic Plan (times)Premium Plan (times)
NSE/BSE Cash1520
Index Futures45
Stock Futures44
Index option Sell45
NCE Currency44
MCX Future2.53
Stock Option Sell44

Trading Platforms

Upstox provides two trading platforms- website and mobile application.

  • The website has all the important tools with live updates.
  • The mobile app is best for on the move traders.

Why Should You Opt it?

  • Brokerage free trading for equity delivery.
  • Their advisory help is extremely useful for beginners.
  • Both their website and mobile application is integrated with tools.

Account Charges

  • Trading account opening charge – Rs 150
  • Trading account maintenance charge – NIL
  • Demat account opening charge – NIL
  • Demat Account Maintenance charge – Rs 150

Read my detailed Upstox review

4. Angel Broking Demat Account

The Angel Broking firm counts among the leading broking firms of India and it is an official member of the Bombay Stock Exchange, the National Stock Exchange, NCDEX  and MCX. It is a continuously growing firm and a personal favorite in this list of the best trading platform in India.

First things first, angel broking offers a completely free demat account and amazing customer support. They are always there to guide you through the hectic process of trading, especially if you are a beginner.

One more thing that is extremely beneficial with Angel Broking Firm is that their Annual Maintenance Charge (AMC) is negotiable. Make sure you talk to the agent before agreeing to the price.

Now with the business.

Angel Broking Demat Account Charges?

Angel Broking has made a huge change in their brokerage charges. Earlier the plan was extremely detailed and complex. Here is a brief:

  • Equity Delivery – 0.1% to 0.4%
  • Equity Intraday – 0.01% to 0.04%
  • Equity Futures – 0.01% to 0.04%
  • Equity Options – Rs 16 per lot
  • Currency Futures – 0.01% to 0.04%
  • Currency Options – Rs 30 per lot
  • Commodity Options – 0.01% to 0.04%

Other than this they took a minimum brokerage as a percentage of your transaction.

But according to the latest iTrade plan, they have completely renewed their charges and introduced plans as per the order size.

If the order size </= 50,000, then Rs 15 per executed order. And if the order size > 50,000, then Rs 30 per executed order.

Angel Broking Trading Platforms

Just like other broking firms in this list, Angel broking also offers a number of trading platforms for its active users.

  • Angel Broking App – A comprehensive mobile application integrated with more than 40 banks, latest news, live updates, and all the necessary trading tools. It is all you need for your trading success.
  • Angel Broking TradeA web-based trading platform that helps you manage your portfolio, track your investments and keep a regular update on the stock market.
  • Angel SpeedproA trading software made to cater to all of your needs. Some of its special features include research, my portfolio, charts, multi desktop and charts. You can also open the file in excel for clarity.

Why You Should Opt For It?

  • Lifetime Free Demat Account
  • Flat rates @ Rs 15 and Rs 30
  • Free AMC Demat Account
  • Free Trading Account
  • Unlimited Brokerage cashback
  • Start Trading in 1 hour
  • 48x Margin Funding
  • Open Demat Account in 5 minutes

Angel Broking Account Charges

  • Trading Account opening charge – Rs 0
  • Demat Account Opening charge -Rs 0
  • Annual account maintenance charges – negotiable. Consult their agent.
  • Angel Classic (10,000 to 24,999) – Rs 450
  • Angel Preferred ( 25,000 to 49,999) – No AMC for 1st year and Rs 450 p.a afterwards.
  • Angel Premier ( 50,000 to 99,999) – No AMC for 2 year and Rs 450 p.a afterward.
  • Angel Elite ( 1,00,000 & more) – No AMC for 3 years and Rs 450 p.a afterward.

5. Religare Demat Account

Religare is one of the first and leading Indian financial institutions. It deals in a number of financial services including loans, stocks, and insurance. It is extremely easy to trade with Religare, keeping in mind their offline and online support and services.

It deals in equity, commodity and currency. Moreover, it is a member of BSE, NSE, MCX, NCDEX and offers demat account services through NSDL and CDSL. Also, they have commendable customer support and you can start trading through offline and online means.

Religare Brokerage Charges

As per the latest revision, here are the Religare brokerage charges.

  • Equity delivery – 0.1% to 0.5%
  • Equity Intraday – 0.01% to 0.05%
  • Equity Futures – 0.05%
  • Equity Options – Rs 100 per lot
  • Currency Futures – Rs 10 to Rs 25 per lot
  • Currency Options – Rs 10 to Rs 25 per lot
  • Commodity Futures – 0.05%

Religare Trading Platforms

These are the trading platforms offered by Religare.

  1. Web Application – The website religareonline.com is an online trading platform that caters to all the basic needs of a trader.
  2. POWER FnO – A real-time analytics and trading platform. It can be a little complex to use for beginners.
  3. Religare ODIN DIET – A desktop-based trading software for the ease of use and integration of all the important data.
  4. Trade on the go – A mobile application made to make trading easy for the traders and make the market available at every hour.

Why You Should Opt It?

  • The online trading platform is easy to use and understand.
  • Provides real-time updates and advises through mail, SMS and website.
  • You can invest in equities, commodities, and currency from the same platform.
  • Provides detailed charts and price analysis.,

Disadvantages

  • Call and trade is not free
  • Comparatively higher brokerage charges when compared to others.

Religare Account Charges

  • Free demat and trading account opening.
  • No annual maintenance charge for the first year.
  • Annual maintenance charge from the second year – Rs 500.
  • One time annual maintenance charge – Rs 2500.

6. Sharekhan Demat and Trading Account

Sharekhan is also one of the oldest broking firms in India. With time, it has greatly improved and continuously adds more and more features and provides services to make trading easy and profitable for individuals.

Currently, you can trade in equity, commodity, currency, bonds and get insurance plans. It is continuously growing with its 18 lakh customers and provides efficient services from their offices in more than 550 cities.

Sharekhan offers two types of accounts with prepaid and postpaid services.

  1. Classic Account – The classic account is a basic account used for trading equities and derivatives. This account doesn’t expose you completely to trading, so it is best for investors and beginners if they are trying to get a gist of the stock market.
  2. Trade Tiger Account – This is a web-based application and account used for regular traders. It gives traders all the necessary services they need for trading.

Sharekhan Demat Account Charges?

The basic brokerage structure of Sharekhan:

  • Equity Intraday – 0.1%
  • Equity delivery – 0.5% (min of Rs 10 per order)
  • Equity Futures – 0.1%
  • Equity Options – Rs 100 or 2.5% per lot (the one that is higher).

Prepaid Structure

Prepaid AmountPeriod (months)Equity IntradayEquity DeliveryEquity FuturesEquity Options
100060.09%0.45%0.09%2.5% or

Rs95

2000120.07%0.40%0.07%1.5% or Rs 80
6000120.05%0.25%0.05%1% ot Rs 70
18000120.04%0.20%0.04%1% or Rs 50
30000120.03%0.18%0.03%0.75% or Rs 40
60000120.02%0.15%0.02%0.5% or Rs 30
100000120.15%0.1%0.15%0.5% or Rs 25
200000120.005%0.08%0.005%Rs 10

Trading Platforms

  • Sharekhan TradeTiger: Sharekhan TradeTiger is a desktop-based software that provides all the necessary services and moreover, it lets you trade in various segments with the latest news and updates.
  • Sharekhan Website: The Sharekhan website is an online application that continuously provides you every update and news and lets you trade easily.
  • Sharekhan Mobile App: Sharekhan mobile app has all the features of the software and the website and also gives you the freedom to trade from anywhere.
  • Sharekhan Mini: A web-based application used for trading with low bandwidth. Has comparatively fewer features than the other.
  • Sharekhan Dial-n-trade: Helps you trade through phone calls through a toll-free number.

Why Should You Opt For it?

  • Wide range of trading options and services makes trading easy.
  • Easy to use website and reliable.
  • Doesn’t charge anything for DP transactions.
  • Offline and online trading options

Disadvantages

  • Brokerage cost is relatively high.
  • Does not provide banking services so you will need to have separate accounts.

Account Charges

  • No trading or demat account opening charge.
  • Annual maintenance charge depends on the account balance at a maximum of Rs 750.

7) Motilal Oswal Demat Account

Motilal Oswal is a long term financial firm that deals with various kinds of financial services. It is a leading broker in India and also provides services in mutual funds and home finance. It is very easy to open a demat account with Motilal Oswal as they offer advisory services at every step.

Their prices are usually negotiable but you would have to put in a serious word for it. Their stock exchange services include BSE, NCDEX, NSE, and MSEI.

Types of Accounts Offered

  • Value Pack: The value pack is an advance account that lets the trader subscribe to a scheme and offer time to time discounts on brokerage.
  • Margin PackThe margin pack is for people who are just trying a hand at trading and doesn’t want to commit completely. Although here, you would have to produce a defined margin at the time of opening the account.

What do they charge?

  • Equity Intraday – 0.05%
  • Equity Delivery – 0.5%
  • Equity Futures – 0.05%
  • Equity Options – Rs 75 per lot

Trading Platforms

These are the trading platforms provided by Motilal Oswal

  • Web Application – The website provides detailed price analysis, real-time updates, and news.
  • Desktop trading platformthe Desktop platform is integrated software that is best for professional use.
  • Mobile AppThe mobile app consists of all the resources and live news and eases trading on the go.

Why You Should Opt For It?

  • Diverse trading segments.
  • Medium brokerage
  • Free brokerage for the first month.

Account Charges

  • Demat and trading accounting opening charge – Rs 0
  • Annual account maintenance charge – Rs 400

8. Ventura Securities

Established in 1994 with its headquarters in Mumbai, Ventura securities has set its name in the broking market. It suggests schemes and offers from time to time, so make sure you keep your eyes open.

With Ventura Securities, you can invest in equity, commodities, mutual funds, fixed income products, and currency. They have an efficient system of working and provide excellent over the phone.

Their advisory services are very helpful for trading but they do not have enough services to execute professional plans. Here is everything that you need to know about Ventura Securities.

What do they charge?

Plan Period (year)Equity Intraday (%)Equity

Delivery (%)

Equity Futures (%)Equity Options (per lot) (Rs)
100010.050.450.0550
200010.040.350.0450
350010.030.200.0350
500010.0250.170.02535
750010.020.150.0235
999910,020.150.0235
100000.50.0150.150.01535
150000.50.01250.130.012535
1800010.0150.150.01535
2500010.01250.130.012535
3000010.010.100.0135
4000010.010.100.0125
5000010.010.100.0121
7200010.010.100.0118

Trading Platforms

Ventura Securities offers three types of platforms: software-based platform, web application, and mobile application.

  • Ventura Pointer – Ventura Pointer is a software that can be installed at your desktop. It is a professional use best for expert traders.
  • Web ApplicationThis online application provides all the necessary details, real-time advise and latest stock news.
  • Ventura WealthThis is a mobile application made to ease the trading experience. This application comes free with the 9999 plan.

Why You Should Opt It?

  • Wide range of products to deal in.
  • Provides advisory support.
  • Available at different platforms.
  • No first-year annual maintenance charge

Disadvantages

  • Banking services not provided
  • You have to pay an additional fee other than the brokerage.

9. ICICI Direct Demat Account

The ICICI bank is one of the leading banks of India, not only in national affairs but internationally too. Its huge customer base makes it extremely reliable and also it offers a number of service and investment options.

With ICICI direct, you can invest in equity, derivatives, mutual funds, SIP, IPO, bonds, and currency. By having a trading and demat account with ICICI direct you can also avail loans on your securities and maintain your CIBIL score.

But let me inform you to only use ICICI direct if your trading volume is low.

What Do they Charge?

Currently, there are three brokerage plans.

1) I – Saver Plan

Turnover (Quarterly)Brokerage (%)Intraday Rate (%)
Less than 25 lakh0.750.375
25 lakh – 50 lakh0.550.275
50 lakh – 1 Crore0.450.225
1 Crore – 2 Crore0.350.175
2 Crore0.300.150
5 Crore0.250.125

2) I – Secure Plan

The secure plan charges a fixed percentage of turnover.

Delivery Rate – 0.55%

Intraday Rate – 0.275%

3) Prepaid Brokerage Plan

Prepaid AmountDelivery (%)Intraday (%)
10,0000.450.045
25,0000.350.035
50,0000.300.030
75,0000.250.025
1,00,0000.200.020
2,00,0000.150.015
3,00,0000.120.012

Trading Platforms

  • Share Trading Account – This web-based application lets you buy and sell shares and invest in bonds and mutual funds. It is not useful if you want to manage your portfolio.
  • Trade Racer – This trading platform is useful for trading analysis as well.

Why Should You Opt for it?

  • You can get an integrated account without the hassle of creating three different accounts for banking services, broking and demat.
  • Trading available for BSE and NSE.
  • Low bandwidth available for slow internet connection.

Disadvantages

  • Brokerage is high and non-negotiable.

Account charges

  • Account opening charge – Rs 975
  • Annual Account Maintenance Charge- Rs 700

10. Kotak Securities Demat Account

Being a diverse financial institution, the Kotak securities is a well-established broker that provides an integrated account to hold all types of securities and investments including shares, bonds and mutual funds.

Opening a demat account with Kotak Securities is extremely easy and they provide assistance to every individual. You can get the best possible scheme according to your needs and expectations and invest accordingly.

Their brokers also provide timely reports and advisory services.

What do they charge?

1) Fixed Brokerage Plan

  • Equity Intraday – 0.49%
  • Equity Delivery – 0.49%
  • Equity Futures – 0.49%
  • Equity Options – Rs 300 per lot.

2) Dynamic Brokerage Plan

This brokerage system depends on the trading amount of the investor. Consult their website or broker to get the complete details of the brokerage system.

This plan is suggested for expert and professional traders.

Types of Accounts

  • AutoInvest – used for investing in Gold ETFs, mutual funds and Equities.
  • Kotak GatewayBest for beginners as this provides complete assistance and lets you trade from anywhere, at any time.
  • Kotak Privilege CircleIt is a premium account used by professional traders. It provides many more services than the other two accounts.
  • Kotak FreedomCan be used for mutual funds investment.
  • Kotak super saverThis account provides flat brokerage and low margin account.
  • Portfolio Management ServiceThe portfolio management service is an account for individuals who cannot handle their portfolio on their own and need professional help for the task.
  • NRI AccountThe NRI account is for people outside India to help them trade in the Indian market.
  • Trinity AccountA three in one account for bank services, demat account, and trading account.

Trading Platforms

  • Website trading – This online based trading platform lets the trader get all the latest news on time and trade from anywhere.
  • KEATProX and FASTLANEThese are downloadable softwares that can be installed on your desktop. They integrate their products, services, and trading at one place.
  • Mobile Stock TradingMobile app to make trading on-the-go.
  • Branch Advisory and Call and tradeA call and trade service to help their customers trade offline.

Why Should You Opt For it?

  • You can invest and trade in a large number of financial segments through it.
  • Efficient customer support.
  • Online chat facility for customer support.

Account Charges

  • Trading account opening charges – Rs 750
  • No charge for opening a demat account.
  • No annual maintenance charge for the trading account.
  • Annual maintenance charge for the demat account – Rs 600.

11. SBICap Securities Demat Account

With twenty-four seven back-up help services, the SBICap is one of the preferred choices in this list. Even though I wouldn’t say it is the best online demat account, it still provides excellent broking services.

To start investing with the SBI Capital you will have to apply for the trading and demat account and choose a plan most desired. Make sure you decide in advance what you expect from the account, is it a mutual funds investment or are you actually thinking of trading?

What do they charge?

  • Equity Intraday – 0.05% or 5P (whichever is higher)
  • Equity Delivery – 0.05% or 5P (whichever is higher)
  • Equity Futures – 0.05% or 5P (whichever is higher)
  • Equity Options – Rs 100 per lot.

Trading Platforms

The SBICap Securities Offers two types of trading platforms – desktop based software and mobile app.

  • eZ-trade@sbi – this is the desktop-based software that is provided to the traders to give them all the important services.
  • SBI Smart Trading Mobile App – Through this mobile application you can trade easily through your mobile phones without any hassles.

Why You Should Opt For It:

  • SBI is India’s largest and most trusted bank.
  • Complete 24X7 assistance for everyone. So it is perfect for beginners.
  • Provides 3-in-1 account which makes trading hassle free.

Account Charges

  • Account opening charges – Rs 850
  • Account Maintenance charge -Rs 800

12. HDFC Security

With the security of the HDFC bank, the HDFC Security is an easy way to invest and trade in equity exchange. Moreover, it offers you a 3-in-1 account that integrates your savings account with your trading account and your demat account.

HDFC Security provides online and offline trading platforms and their customer service is brilliant and comes in handy whenever you have a problem.

What do they charge?

  • Equity deliver – 0.50%
  • Square-Off Trades Cash & Carry Scrips – 0.10% (buy & sell)
  • Square-Off Trades Margin Scrips – 0.05% (buy & sell)
  • Futures Non-Square Off – 0.05% (buy & sell)
  • Futures Square Off – 0.025% (buy & sell)
  • Options Higher – 1% on premium or Rs 100 per lot

Trading Platforms

  • Trading terminal – It is an installable software best for experts and professional use.
  • Website TradingBeginners can use the website to get an in-depth study of trading and take help from online resources.
  • HDFC Mobile AppTheir mobile app has all the necessary built-in features and helps you trade from anywhere.

Why You Should Opt It?

  • It charges up to 0.05% per share brokerage at a maximum of Rs 10 per share.
  • Integrated 3-in-1 account makes it easy for you to handle finances, especially if you’re a beginner.
  • You can trade in both NSE and BSE.

Account Charges

  • Account Opening Charge – Rs 0
  • Account Maintenance Charge – Rs 750
  • No account maintenance charge for the first year.

13. ProStock Demat Account

Prostock is a broking firm registered with SEBI and offers one of the lowest brokerage charges. The broking firm provides two different broking plans to help traders comfortable invest in stocks. The individual is completely free to choose from any one of them.

Moving on, you can invest in both BSE and NSE segments and trade through the various trading terminals provided by them. They have both online and offline trading services so you don’t have to worry about that aspect.

Account Types

  • The Unlimited trading plan – At Rs 899 a month, you can avail the unlimited trading plan. This plan offers you several advantages including investing in a large number of segment without a limit and zero brokerage.
  • Flat Fee trading planIn this trading plan, the trader has to pay a flat fee of Rs 15 per executed order. This is best for casual investors who are not thinking about making this an all time thing.

What do they charge?

Here is the basic brokerage of ProStock Brokers as per the plan.

Trading SegmentFlat Fee Trading Plan (Rs)Unlimited Trading Plan (Rs)
Equity Delivery150
Equity Intraday150
Equity Futures 150
Equity Options150
Currency Futures150
Currency Options150

Trading Platforms

  • ProStocks Desktop – An installable trading terminal for active users who have complete knowledge of the stock market. It provides professional tools to the user.
  • ProStock WebsiteBest for beginners and casual traders as it helps them trade easily but lacks professional tools.
  • ProStock MobileSpecially designed for trading on the go. Compatible and works with low internet.

Why Should You Opt for it?

  • You can choose a plan according to your need.
  • Low transaction charges when compared to other brokers.
  • They have a 2-in-1 account (trading and demat) to ease your work.
  • Different trading platforms for different individuals.

Account Charges

  • No charges for opening a trading and demat account.
  • No maintenance charge for the trading account.
  • No maintenance charge for demat account, but you will have to pay a refundable fee of Rs 1000.

14) Edelweiss Demat Account

Relatively younger than the other brokers on this list, Edelweiss is still compatible to compete with them. It offers you to trade in all the major trading segments including debts, mutual funds, equities, commodities, IPO’s and currencies.

Edelweiss’ presence in India is continuously growing and it has established a strong foot in the country. This is why it can prove to be very beneficial for young and new traders.

Account Types

  • Standard plan: A percentage of profit is taken as brokerage.
  • Advance Subscription Plan: A prepaid plan where you have to pay a lump sum for 12 months.
  • Discount Brokerage plan: Made especially for professionals who use professional tools and minimum support.
  • Call and trade: A toll-free offline platform for trading for a trader with minimum or no internet.

What do they charge?

  • Equity Intraday – 0.1%
  • Equity Delivery – 0.1%
  • Equity Futures – Rs 5 per lot.
  • Equity Options – Rs 5 per lot

Trading Platforms

  • Their Website: The www.edelweiss.in offers trading facilities online directly through their website. They also have some beneficial products to help you trade easily.
  • Edelweiss Xpress: To give you fast and professional trading terminal experience, Edelweiss built this web-based application which doesn’t have to be installed in your computer.
  • Edelweiss Xtreme Trader: An installable trading terminal software for professional and expert traders.
  • Edelweiss Mobile Trader: A mobile application made for individuals who like to keep in touch every hour of the day.

Why Should You Opt it?

  • Free research provided by Edelweiss
  • Online and offline trade available
  • Comparatively low brokerage
  • No charge for opening and maintaining the account.

Account Charges

  • No charges for opening an account.
  • No Annual maintenance charge.

15) Axis Direct Demat Account

The subsidiary company of the Axis Securities introduced AxisDirect to let its customers invest in financial segments and trade through a single account. Its huge customer base and strong financial condition makes it desirable to open a demat account with.

Although I must mark that the brokerage is a little higher than the other broking firms in this list, but for a beginner it is easy to trade with them and learn the basics of the stock market.

Brokerage Plans

Axis Direct offers three types of brokerage plans:

  1. Fixed brokerage plan: the brokerage is a fixed percentage of the transactions.
  2. Investment plus plan: Prepaid subscription plan with a fee of Rs 1500.
  3. Now or Never Plan: Prepaid Subscription Plan with a fee of Rs 5555.

What do they Charge?

SegmentFixed PlanInvestment Plus PlanNow or Never Plan
Cash 0.50%0.50%0.25%
Intraday 0.05%0.05%0.03%
Futures 0.05%0.05%0.03%
Options – IntradayRs 0.01 per lotRs 0.01 per lotRs 0.01 per lot
Options – Carry ForwardRs 10 per lotRs 10 per lotRs 10 per lot

Trading Platforms

The trading platforms provided by Axis Direct are:

  • Direct Trade – Desktop based software with advanced tools and live streaming of new and updates. Also provides real-time help.
  • Swift Trade – A Java-based platform. Perfect for professional traders.
  • Mobile Trading – For traders who are always on the move.
  • AxisDirect Lite- A web application that works in low bandwidth and slow internet connection.

Why Should You Opt For It?

  • 3-in-1 investment account.
  • Availability of large number of products.
  • Offers Free Research Reports.
  • Have continuous seminars to help you better your trading skills.

Account Charges

  • One-time trading account opening charge – Rs 999
  • No trading account annual maintenance charge
  • No demat account opening charge
  • Demat account AMC: Rs 650 (free for first year)

Best Demat Accounts in India: How to Choose one?

In this article, I have provided all the demat accounts that can prove to be beneficial when trading in the Indian stock market. But in the end, it all comes to selecting the one that suits your needs and exceeds your expectations.

Here are a few important things that you should consult before choosing a demat account.

1) Interface and Account Type

There are a number of brokers available in India today, thanks to the our continuously growing stock market. But not all brokers provide an integrated account. You may have to get another account as your broker may not support banking services.

So, make sure that the broker has a banking license and they provide an integrated account before you pay excessive amounts for a demat account. You can choose to trade through a bank for a hassle free trading experience.

2) There Services and Products

Today, broking firms try to offer unbeatable discounts and high-quality services to attract more traders and compete with the growing competition. There are brokers that provide complete trade analysis, real-time updates and live news.

They also have customer help services that can be used to get trading advice and manage a good portfolio. So, it is important that you thoroughly study their services and what products they provide to get the best possible deal.

3) Their Turnaround Time

Now, this may not be possible to check beforehand but for the first year, observe how well execution takes place including the dematerialization of physical shares and the general debts and credits of demat account.

While trading, it is extremely important that all your financial and security executions happen instantly, so keep an eye open and observe the working of your provider. If you think that it is not working for you, act fast and find a new broker.

Types Of Brokers

When talking about trading, it is impossible to not discuss brokers. Every trader needs a broker to invest (or buy and sell) their securities. There are two major types of brokers that provides trading services – discount brokers and service brokers.

1) Discount Brokers

As the name suggests, a discount broker is someone who offers broking services at a discounted or lower price. Now, many may think of them as the best type of brokers but there’s a catch.

Discount brokers provided low brokerage and discounted services because they only perform customer’s order. They will efficiently buy and sell shares for you but wouldn’t offer any valuable advise or other services to maintain a good portfolio.

Moreover, they do not have to divide they fund in IPOs, mutual funds, bonds and other securities, giving them one more reason for cheaper services.

Who Should Opt For Them?

Even though a discount broker may not sound like a good idea, they are perfect for casual trading or someone who is not looking to make trading a professional thing. They offer cheaper services so you can just focus on making profit by buying and selling shares.

Moreover, someone who is already trading for years and knows most of the tricks and tips of trading doesn’t need much additional services, so it can also be useful for expert traders.

2) Service Brokers

Service brokers are the deal breakers as they not only let you trade but also provide services to help you reach the top of your game. Their advisory services and products guide you from the basic steps till you reach the expertise.

Other than this, since they are licensed service providers, they offer much more diversity than discount brokers. For instance, with a service broker you can not only buy and sell shares but also invest in mutual funds, get a retirement plan, taxing tips and much more.

In short, they are an overall financing firm. You can also maintain a professional portfolio and account management service with the service brokers.

Who Should Opt For Them?

Anyone other than casual traders.

Until and unless you are a casual trader and good profits are your main concern, you should go with a service broker, especially beginners.

Their complete assistance and advisory services lets you understand the working of the financial market and you can improve your understanding through it.

Similarly, for professional traders, service brokers provide timely reports, charting and other services to make sure they don’t lag and have every resource they may need to be efficient.

Types of Demat Accounts

If you are a beginner or comparatively new to trading business, it is a must that you expose yourself to the basics of trading. Since we are talking about brokers and demat accounts, let us also discuss the various types of demat accounts that can used by a trader.

A demat account is an account that lets you hold securities (shares, bonds, mutual funds, etc) in a single place in electronic form without requiring any paperwork or hefty procedures.

Note that with a demat account one can only buy and store securities. You cannot sell them and earn profits. For this, you need a trading account.

There are three main types of demat accounts – a regular demat account, repatriable demat account and non-repatriable demat account. Although all three of them serve the same thing, they stand for different groups.

Here is a brief.

1) Regular Demat Account

A regular demat account is a demat account used or held by an Indian citizen. With this, you can buy and store securities without any extra documentation or procedures. Every financial institution and broker provides a regular demat account in India so make sure you compare all and choose the best one for yourself.

2) Repatriable Demat Account

A repatriable demat account is used by NRIs who trade in the Indian stock market and need to transfer funds outside the country. Without a repatriable demat account it is not possible to transfer funds abroad, so be sure you have a repatriable account if you want to do so.

3) Non-Repatriable Demat Account

Just like the repatriable demat account, the non-repatriable demat account is also used by NRIs. The only difference between the two is that where repatriable demat account lets you transfer funds abroad, with a non-repatriable account, you cannot do so.

Before ending this section, I want to also add that the costs varies from account to account. The brokerage on one account could be more than the brokerage on another, but it is not difficult to find the best demat account with low brokerage. However, this may take some research and patience.

Demat Account Charges

It is a fact that opening and maintaining a demat account is not an easy task. When choosing a demat account , it is always a good choice to compare the charges of different demat accounts. By doing a demat account opening charges comparison you can know the best deal and get the best of your money.

Here are the four charges that must be considered.

1) Account Opening Fee

Most of the brokers do not take a demat account opening fee accept private banks and highly established institutions. Even if you want to open a demat account with a private bank you should consult all the charges and make sure the deal is not a failure.

2) Annual Maintenance Fee

Every broker takes a sum of money, irrespective of your trade volume as an account maintenance charge. Also, this annual maintenance fee has to be paid in advance at the time of account opening, so be sure you want to work with a broker before paying sums of money.

3) Custodian Fee

This is a fee levied on the ISIN (International securities identification numbers) held in an account. Usually the cost is minimal and is charged up on each ISIN.

4) Transaction Fee

As the name suggests, the transaction fee is levied on your transactions. As you credit and debit securities from your demat account, you will have to pay a percentage or flat fee on every executed order. You don’t want the transaction fee to be too high as to reduce the margin price, so think it through and choose wisely.

Which is the Best Demat Account in 2020?

With writing this article, my purpose was to simplify your work and help you choose the best demat account. I have given you a wide range of options to choose from, but here is a demat account comparison between three firms I prefer the most.

Segment / Broker5PaisaZerodhaAngel Broking
Type of BrokerDiscountDiscountFull-Service Broker
Supported ExchangeBSE, NSEBSE, NSE, NCDEX, MCXBSE, NSE, MCX, NCDEX
Demat Account Opening FeeRs 0Rs 100Rs 0
Demat Account Annual Maintenance FeeRs 400Rs 300Rs 450 (first year free)

5Paisa, Zerodha and Angel Broking are three firms that I think gives the best deals at really cheap prices. If you are seriously looking for a good trading future then planning it with one of these firms wouldn’t be a bad idea.

Why Should You Have a Demat Account?

Trading is becoming more and more popular in our country thanks to the competition among the top broking firms. The Indian stock market is the best place to start investing today as things are looking pretty good there, and getting a demat account will help you get one step closer to your success as a trader.

Even if you are not interested in professional trading, buying securities can be a really good investment for the future. So, get yourself a demat account today.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top