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 the share market, first learn some basics about how the share market works and why you need a Demat and trading account.
What is Share Market?
If a company needs money to expand their business, they have two options: to get a loan from Banks, and the second is to sell some part of their business and raise funds.
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 is 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 are listed in the secondary market called stock markets like BSE (Bombay Stock Exchange) and NSE ( National Stock Exchange). In the secondary market, anyone can buy and sell their stock in real-time.
Why you Need a 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, the stock was held in a physical format. This was not easy to manage your share/stocks.
After introducing the 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 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 savings account with HDFC bank, and they also offer a 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. These are great companies, but brokerage and trading account charges are different in each of them.
If you plan to trade a lot intraday, you should choose a company that charges less brokerage. Some brokerage company also offers free lifetime Demat account that is a great option to save many Demat charges.
If you are a long-term investor and don’t invest regularly, you should not worry about brokerage and Demat charges. It would help if you focused on the service provided by the company.
Nowadays, every stock broking company offers 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 the stock market. You can buy and sell stocks on the go right from your mobile apps.
There are two types of brokerage firms, a full investment service provider and a budget broker. Budget brokers mostly offer an online account, and they charge less brokerage compared to 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 that charge more brokerage than 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 offer great service at a reasonable price.
10 Top Demat and Trading Account in India
1. Kotak Securities Demat & Trading Account
Kotak Securities don’t need any introduction; it is one of the most popular Demat and trading account providers.
With a Kotak Security account, you can trade in stock, invest in a mutual fund, invest in bonds, government securities, ETF.
From their website, you can do many things, from investment to tracking your portfolio and generating profit and loss statements for capital gain, which is very handy when you file an 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, giving you a detailed overview of the market and providing 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 a 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 a trading and Demat account and a saving account in Kotak Bank. With this Trinity, account trading becomes 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.
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 investors; 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. In this way, traders can also save a lot of money on brokerage fees.
With Zerodha, you can open a 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 the ease of trading and features you need at your fingertips.
Their trading platform is known as Kite, and Kite comes as a web-based trading platform and a mobile app. With the 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)
5Paisa.com is a budget broker backed by IIFL. 5paisa.com is the best broking firm for those who regularly trade in the stock market because 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
- The 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 company in India which is working since 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 services.
- 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
Angel Broking is another popular Stock Broking firm in India and is in the business since 1987. They have a pan India network of 98 branches and over 9000 sub-broker/business associates.
I have worked with them as a 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 platforms, Angel Eye for web browsers where you can trade and invest by logging into the 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 commodities and place orders instantly.
Angel Speed Pro is a desktop-based software that allows you to trade like professionals on your computer with up to 20 years of historical data.
ICICI Direct is one of the oldest and biggest Stock Broking companies in India, with over 20 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 an ICICI bank saving account, trading account, and Demat account. With this account, money transfer to your trading account or your savings account becomes easy.
If you are an investor and don’t regularly trade, ICICI direct can be a good option. Still, if you are a trader who regularly buys and sells stocks, it will cost you a lot because the ICICI Direct brokerage is very high.
They offer Various brokerage plans where the brokerage rate starts at 0.75%, and it can be lower to 0.25%. They also offer a 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 reports to its customers with long-term, short-term investment ideas. They are not budget brokers, but you can gain much more than by saving on your brokerage fee with their solid research.
Motilal Oswal provides a 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 customers and has 1800 offices 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 the active trader account is for those who trade on a daily or regular basis.
With the 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 markets and items on a single screen.
The one major disadvantage of ShareKhan can be a minimum brokerage. If you are the person who buys stocks in a small quantity, you may be paying extra brokerage as they charge fix minimum brokerage.
- Demat and Trading Account Opening Charges – Nil
- Annual Maintenance Charges – up to 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 the premium (whichever is higher)
SBICap Securities is a subsidiary of the State Bank of India and offers equity services and a Demat account.
SBICap Securities offers the 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 funds, 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’ needs 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, Including 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 a 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, 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 accounts in India, and don’t forget to share with which broking firm you are working.