Searching for the best Demat and trading account in India, you are in the right place. This article is going to help you choose the best Demat and trading account in India.
Before moving on and showing you the best Demat and trading account; if you are new to share market then first learn some basics about how share market works and why you need a Demat and trading account.
What is Share Market?
If a company need money to expand their business, they have two options one is to get a loan from Banks and second is to sell some part of their business and raise fund.
Initially, when a company needs money from the public, they bring IPO (Initial Public Offer) in the primary market, and they sell their shares to public and large institutions.
In IPO anyone can apply and if it oversubscribed everyone will not get the shares, or they will not get full shares for what they have applied.
After selling the shares in the primary market, stocks get listed in the secondary market which is called stock markets like BSE (Bombay Stock Exchange) and NSE ( National Stock Exchange). In the secondary market, anyone can buy and sell their stock at the real time.
Why you Need Demat and Trading Account?
To buy stocks from the secondary market, you need a Trading and Demat account. With a trading account, you can see stock listed in the stock market, and you can place an order and by the stocks.
A few years back stock was held in a physical format this was not easy to manage your share/stocks.
After the introduction of Demat account, the holding of stocks became easier now; you can store your stocks in digital format in your Demat account. Whenever you buy a new stock, it is added to your Demat account.
When you sell your stock, it will get detected from your Demat account. With this modern technology buying and selling, the stock becomes easier.
To trade and invest in the stock market you need a trading and Demat account.
I started my investment journey in the stock market in the year 2005 at that time I had a saving account with HDFC bank, and they also offer Demat and trading account, so I opened an account with them.
Trading with HDFC Securities online account was easy, but they charge a lot of money for trading and Demat transactions.
After that, I have experience with Angel Broking, SMC, and Kotak securities. All of these are great companies, but brokerage and trading account charges are different in each of them.
If you are planning to trade a lot in intraday, you should choose a company which charges less brokerage. Some brokerage company also offers free lifetime Demat account that is a great option to save a lot of Demat charges.
If you are a long-term investor and don’t invest on a regular basis, then you should not worry about brokerage and Demat charges you should focus on the service provided by the company.
Nowadays every stock broking company are offering different ways of investing and trading in the stock market through the online platform, mobile platform, desktop-based software, and the traditional way by calling your dealer.
Therefore, it is very easy to invest in stock market. You can buy and sell stocks on the go right from your mobile apps.
There are two type of brokerage firm, full investment service provider and budget broker. Budget brokers mostly offer an online account, and they charge less brokerage compared to the traditional broking firms.
It’s up to you which broking firm you choose if you are a regular trader then budget brokers are for you if you are an investor you can opt for traditional broking firms who charge more brokerage compared to budget brokers but provide service and investment calls.
Now it’s time to share some of the Best Demat & Trading Account In India. The companies listed below are renowned and offers great service at reasonable price.
10 Top Demat and Trading Account in India
5Paisa.com is budget broker backed by IIFL. 5paisa.com is the best broking firm for those who regularly trade in the stock market because here you don’t have to pay brokerage on a percentage basis.
5paisa charges a flat rate of Rupees 10 per trade. This means whatever quantity you buy you have to pay only Rupees 10 per trade. It can be one stock or 1,00,000 stocks you will pay Rs. 10 only.
With 5Paisa you can trade online, on your mobile or with desktop based software.
Benefits of 5paisa.com
- Flat brokerage of Rs 10/- per trade
- No DP charges
- Free stock Advisory
- Invest in Mutual Funds and insurance through the same account
- Account opening charges – Rs. 650 (one time)
- Annual Maintenance Charges – Rs. 400
Not just that they also provide advisory service for free, you will regularly get stock ideas for the long term and short term.
You may think account opening charges and annual charges are high, but they are not huge compared to other brocking companies. You will also save on your brokerage fees as they charge a fixed rate.
Religare broking with another leading Stock Broking companies in India which is working from 1994.
Religare offers services like equity trading, derivatives, commodity, currency trading, mutual fund, IPOs and Depository services, etc.
With Religare, you can trade through the web, mobile app, and call and trade. They also offer free research reports and model portfolio service.
- Demat and Trading Account Opening Charges – Nil
- Annual Maintenance Charges – Rs 500 per year (First Year Free)
- DP Charges – Rs. 12 per transaction
- Brokerage Intraday – 0.05%
- Brokerage – Delivery – 0.50%
- Offline order charges – Rs. 10 per offline order
Kotak Securities don’t need any introduction it is one of the most popular Demat and trading account providers.
With Kotak Security account you can trade in stock, invest in mutual fund, invest in bonds, government securities, ETF.
From their website, you can do a lot of things from investment to tracking your portfolio and generating profit and loss statement for capital gain which is very handy when you file income tax return.
With Kotak Security you can invest using the online portal, desktop software, and mobile app. they will provide you a popular trading software Keat which will give you a detailed overview of the market and provide charts to make your trading decisions.
Kotak Security also provides investment recommendations for free.
Kotak securities is a good broking firm, but you will find they are little expensive. You can negotiate on brokerage, but if you trade in small quantities, you have to pay a minimum brokerage fee, at present, it is rupees 21 per trade.
With Kotak Securities, you can open 3 in 1 Trinity account which offers trading and Demat account and saving account in Kotak Bank. With this Trinity, account trading become easier, and you can easily invest in IPOs.
- Demat and Trading Account Opening Charges – Rs. 750
- Account Maintenance Charges – Nil
- Demat Account Maintenance Charges – Rs. 50 per month.
Angel Broking in another popular Stock Broking firm in India and is in the business from 1987. They have pan India network of 98 branches and over 9000 sub-broker/business associates.
I have worked with them as sub-broker, and they have very good support. They are always happy to help customers. If you trade on margin, you can increase your limit in just one phone call.
With Angel Broking, you can open a Demat and trading account for free. While opening your account, you can bargain on your brokerage fee.
They offer investment in almost all exchanges like BSE and NSE for equity, NSDL, and MCX for Commodities, Currency trading, etc.
They offer stock trading through an online platform, desktop software, and mobile app. You can always trade by calling your dealer.
- Demat and Trading Account Opening Charge – Nil
- Demat account AMC charges – Rs. 450 per year
- Equity Intraday Brokerage – 0.0128% to 0.04%
- Equity Delivery Brokerage – 0.13 to 0.40%
- Brokerage Commodity – 0.128% to 0.4%
- Brokerage Options – Rs. 32 to Rs. 50 per lot
- Trading Platforms – Angel Eye Web, Mobile and Desktop Software
- Angel Broking Provided Trading Platforms
Angel broking offers it a popular stock trading platform to its customers which is Angel Eye.
The Angel Eye is available for all platform, Angel Eye for web browser where you can trade and invest by logging to Angel broking website.
Angel Eye mobile app is an amazing app from which you can trade in the stock market on the go right from your mobile. Watch live prices of stocks and commodity and place orders instantly.
Angel Speed Pro is a desktop-based software which allows you to trade like professionals on your computer with up to 20 years of historical data.
Zerodha Is another discount Broking Company in India which has over 8+ lakh clients. Zerodha started its operation in August 2010. At present their trading turnover is over Rs 10,000 crore per day.
The best thing about Zerodha is that they don’t charge any brokerage on equity delivery Investment in NSC or BSC you have to pay zero brokerage on your equity delivery.
This is a great option for a small investor they can save a lot of money on brokerage. If you are intraday traders or F&O traders, you have to pay just rupees 20 or 0.01% brokerage whichever is lower for executed order in NSE BSE or MCX. By this way, traders can also save a lot of money in brokerage fee.
With Zerodha you can open trading and Demat account, and you can also invest in the mutual fund with them.
Zerodha is heavily invested in technology, and they have come up with their own trading platforms which will give you ease of trading and features that you need at your fingertips.
Their trading platform is known as Kite and Kite comes as a web-based trading platform as well as the mobile app. With Kite platform, you can check live market data, view advanced charts and place orders.
- Trading Account Opening Charges – Nil
- AMC (Annual maintenance charges) – Rs. 300/year
- Demat Account opening Charges – Rs 300 ( one time)
- Brokerage Equity Delivery – Zero Brokerage
- Brokerage Equity Intraday – 0.01% or Rs. 20/executed order whichever is lower
- Brokerage Equity Futures – 0.01% or Rs. 20/executed order whichever is lower
- Brokerage Equity Options – Flat Rs. 20 per executed order
- Commodity Brokerage Future – 0.01% or Rs. 20/executed order whichever is lower
- Commodity Brokerage Options – 0.01% or Rs. 20/executed order whichever is lower
- DP charges – Rs. 13.5 per scrip (irrespective of quantity)
ICICI Direct is one of the oldest and biggest Stock Broking Company in India with over 20 lacs customers. With ICICI direct you can invest in all equity related instruments.
With ICICI Direct you can invest in equity, derivative, SIP, mutual fund, IPOs, and bonds, etc.
ICICI direct offers 3 in 1 trading account by which you will get ICICI bank saving account, trading account, and Demat account. With this account money transfer to your trading account or to your savings account becomes easy.
If you are an investor and don’t regularly trade ICICI direct can be a good option, but if you are a trader who regularly buys and sells stocks, then it will cost you a lot because brokerage of ICICI Direct is very high.
They offer Various brokerage plans where brokerage rate starts at 0.75%, and it can be lower to 0.25%. They also offer prepaid brokerage plan where you pay brokerage in advance, and it will be deducted whenever you trade.
If you compare ICICI Direct brokerage plan with the budget broking companies, you will find that ICICI Direct is very expensive, but they are known for their service.
- Account Opening Charges – Rs 975
- Annual Maintenance Charges (AMC) – Rs 700/per year
- Equity Brokerage on I- Secure Plan – 0.55% Delivery, 0.275% Intraday
- Trading Platforms – Web-based platform and Trade Racer for desktop
If you are a long-term investor and look for solid investment advice, then Motilal Oswal is for you they have 30 years of experience in wealth creation.
Motilal Oswal service 10+ Lakh customers and provide a wide range of investment solutions with Motilal Oswal you can invest in equity, IPO, F&O, Mutual Funds, Commodity, Currency, Insurance, etc.
Motilal is best in market research and provides solid Research report to its customers with long-term, short-term investment ideas. They are not the budget brokers, but with their solid research, you can gain much more than by saving in your brokerage fee.
Motilal Oswal provides robot trading platform by which you can invest or trade in BSE, NSE, NCDEX, MCX, etc. They offer the stock trading platform for all devices like mobile, tablet, desktop, and web.
- Demat Account Opening Charges – Nil
- Trading Account Opening Charges – Nil
- Annual Maintenance Charges (AMC) – Rs 400 per year
- Free Brokerage for the first month
- Equity Intraday Brokerage – 0.05%
- Brokerage Equity Delivery – 0.5%
- Equity Futures Brokerage – 0.05%
- Brokerage Equity Options – 75/ lot
ShareKhan Is another popular full-service stockbroker who is working for a long time in India. In 2015 ShareKhan was acquired by BNP Paribas.
ShareKhan is serving more than 12 lakh customer and has 1800 office across 550 cities in India.
ShareKhan offers investment in equity, derivatives, mutual fund, ETFs, IPOs, etc. You can invest through a web portal, desktop-based software, mobile app, and traditional phone based orders.
ShareKhan offers two types of trading account classic account and active trader account. The Classic account is useful for the investors, and active trader account is for those who trade on the daily or regular basis.
With Active Trader account you will get their popular trading software TradeTiger by which you can track multiple exchanges like BSE, NSE, MCX, etc. With TradeTiger you can track multiple market and items on the single screen.
The one major disadvantage of ShareKhan can be a minimum brokerage. If you are the person who buys stocks in the small quantity, you may be paying extra brokerage as they charge fix minimum brokerage.
- Demat and Trading Account Opening Charges – Nil
- Annual Maintenance Charges – Upto Rs. 750
- Brokerage Equity Intraday – 0.1% on both sell & buy (min 5 paise/share)
- Brokerage Equity Delivery – 0.5% (min 10 paise/share)
- Equity Futures Brokerage – 0.1%
- Brokerage Equity Options – Rs. 100 per lot or 2.5% on premium (whichever is higher)
SBICap Securities is subsidiary of State Bank of India and offers equity services and Demat account.
SBICap Securities offers trust of State Bank of India which is very important for a new investor to trust they are broking firm.
With SBICap Securities you can invest in equity, equity derivatives, currency market, IPOs, mutual fund, NCDs, etc. and you can apply for Home Loan, Car loan, etc.
SBICap Securities Offers online and offline trading options. They offer desktop based software and mobile, apps to trade on the go. You can also trade through the web portal.
The drawbacks of SBICap Securities are that they don’t offer commodity trading, high brokerage, and minimum brokerage charges.
- Account Opening Charges – Rs. 850
- Account Annual Maintenance Charges (AMC) – Rs. 800/year
- Equity Intraday Brokerage – 0.075%
- Equity Delivery Brokerage – 0.50%
- Brokerage Equity Future – 0.03% – 0.05%
- Brokerage Equity Option – Rs. 100
- Call & Trade Charges – 30 Calls free every month after that Rs. 10 per call
10. HDFC Securities
HDFC Securities another popular stock broking company backed by India’s largest private bank HDFC Bank.
They have 18 years of experience in the industry and fulfill investors need with 270 + branches across India.
I opened my first Demat and trading account with HDFC securities. They provide good service, but their brokerage was too high that’s why I left them.
HDFC Securities offers 3 in 1 account Which includes saving the account, Demat account, and trading account. You can seamlessly move funds and security within your Savings, trading and Demat account.
HDFC Securities Offers the web-based trading platform called “Securities trading and security processing” which is one of the best online trading platforms. They also offer a mobile app to trade in equities and derivatives.
The main disadvantage of HDFC securities is that their high fees and brokerage, like any other popular broking firm they are also expensive. They also don’t offer to trade in the commodity market.
- Account Opening Charges – Rs. 1299
- Demat Opening Charges – Nil
- Annual Maintenance Charges (AMC) – Rs 750
- Equity Intraday Brokerage – 0.10%
- Equity delivery Brokerage – 0.50%
- Brokerage Equity Futures – 0.05%
- Brokerage Equity Options – 1% on premium or Rs. 100 whichever is higher
We hope you like this list of best trading and Demat account in India and don’t forget to share with which broking firm you are working.