If you haven’t yet started investing your money, you are missing out a lot. Well, I too have started trading and investing money in stocks, crypto, and other assets just to be able to put a small sum of money securely. You may still not be aware of how the market works and what are the necessary steps needed to be taken to start investing. Firstly, you need a Demat or a trading account to get started whether you are a newbie or simply anyone. So, I have created a list of the Best Demat Account In India that I have used and brought in everything you need to know.
Well, you may have heard about some of these over the course of time either from your friends or family. But you need to know a lot of aspects to differ between them such as their Account opening fee, user interface, brokerage charges, and much more. With the growing number of online business opportunities, a lot of platforms have come forward offering Best Demat Account In India to make it easier for you to invest and start trading.
Here is a list of the Best Demat Account In India that you can choose to start your journey with.
10 of the Best Demat and Trading Account in India in 2021
1. Zerodha Demat & Trading Account
Zerodha is one of the biggest and most popular platforms for trading and investment. There are currently over 5M+ users contributing to over 15% of the trading volume in the country. The biggest reason that led to the rise of this particular platform is the fact that they brought in the concept of discount brokerage. Instead of having to pay for every trade, the amount is now fixed for all.
You can easily open your Demat account online and enjoy paperless execution. It is perfect for anyone who is new to this and hoping to learn more. Zerodha also offers an educational platform known as Varsity available on your app store where you can learn everything about trading, investment, and everything else before you can put in your money.
Zerodha provides free equity delivery that is zero brokerage charges along with free direct mutual funds investment. Moving on, you need to pay a small fee for Account opening charges as well as for maintenance too. Also, a fee of INR 20 or 0.03% is charged per order on intraday trades. You can download the Kite app to analyze the market and invest in stocks, and for MF download the Coin App by Zerodha.
- Low Fees
- Excellent User Interface
- Zero Brokerage on equity delivery
- Paperless Account opening process
- Free Mutual Funds Investment
- Charges a small fee for opening an account
- Only covers the Indian market
#2. Upstox Demat & Trading Account
Well, here is another very popular discount brokerage firm that competes for neck-to-neck with Zerodha. Within a small span of time, Upstox has gained a massive number of customers of around 3M+. It is known to be the second-best Demat account in India with a lot of similar features as one may find in Zerodha.
There are multiple investment opportunities such as stocks, mutual funds, Digital Gold, IPOs, Futures & Options. Upstox offers zero-fee for opening a Demat Account that takes only a few minutes. You simply need to enter all your personal details and fill up other KYC details. It might take a certain amount of time for verification after which you will be able to make your investment or enjoy trading. However, you will be charged ₹25 + 18% GST as a maintenance charge for your Demat account every month.
Adding more to this, there are zero fees on investing in stocks for more than a day and no commission for investing in Mutual Funds and Digital Gold. Other than that, you will be charged INR 20 or 0.05% fee for all Intraday & F&O, Currencies, as well as Commodity Orders. Unlike Zerodha, this platform has a dedicated app for investing in stocks and keeping a watch on the market. Furthermore, if you are looking to invest in Mutual Funds, you may need to use the official site.
- No fee is applicable for opening an Account.
- Commission-free direct Mutual Funds Investment
- User-friendly app
- Ensures paperless account opening
- No dedicated app for Mutual Funds Investment
- Does not offer NRI trading account
Also read – Best Forex Trading Apps in India
#3. Angel Broking Demat & Trading Account
Angel Broking is yet another brokerage platform known for providing every service you might look for in terms of trading investment. Some of the services you will find here are Equity, Currency, Commodity, F&O Trading, IPO, Trading account, and much more. You can start your investment on this platform by simply downloading an app on your smartphones available for both iOS and Android.
There are over 2.15M+ registered users on this platform and about 7M+ app downloads from the app store. You can easily find tons of videos and other content for learning more about trading and investment on Angel Broking. Well, for every user, there are no Account opening charges either be it Demat or Trading account. Also, for starters, you will charge no fee for maintenance of the account in the first year. However, from the second year, you need to pay INR 450 as maintenance charges.
Moving on, Angel Broking charges zero fees for equity delivery trades. You only need to pay INR 20 for every trade you make irrespective of the amount. It is pretty impressive for large traders and professionals who deal in a good chunk of money. However, if you are a small trader, this fee may seem a lot since it is fixed no matter the total amount.
Angel Broking pros
- Highly trusted and Secure
- Advanced trading platform for pro traders
- Provides educational content to learn to trade
- Great user interface
- App available for both iOS and Android
Angel Broking cons
- Not beneficial for small traders
- Does not support 3-in-1 account
#4. 5Paisa Demat & Trading Account
Well, for all newbies or beginners who are looking to open their first even Demat account, you can go with 5Paisa to start with. It is super easy to open a Demat account here and hardly takes minutes. You can download the app from the app store on your smartphones and create your account. 5Paisa does not charge a single penny for opening an account and is free of charge. There are over 1.2M+ customers currently on the site and growing every year.
To start with, this platform charges a flat fee of INR 20 for all its trading services such as Equity Intraday, Equity Delivery, Derivatives, Currency, and Commodities. No matter the trading account either be it for INR 600 or INR 60,000, the fee will remain the same. It may be a little too much for small traders to begin with but you have a great platform to learn.
You can also get its Power Investor Pack where a monthly fee of INR 499 will be charged and INR 10 per order on every trade. Similarly, we have an Ultra Trader Pack of INR 999/month with INR 10/trade and some added benefits. Moreover, you can also invest in Direct Mutual Funds with zero fee on every trade. Furthermore, you can use the learning section to gain more knowledge on trading and investment.
- Free Account Opening
- Flat fee brokerage for any trade order
- Multiple Brokerage packs available for pro traders
- Loads of educational content available
- Free Mutual Funds Investment
- Does not support 3-in-1 trading account
#5. IIFL Securities Demat & Trading Account
IIFL is India’s biggest and one of the most popular financial service groups that act as a full-service stockbroker. This platform has been in service for over 26 years now and going strong with around 3M+ customers. Some of the services included here are Equity, Derivatives, Currency, Mutual Funds, Bonds, and much more. Other than these, you can also opt for financial plans, digital Gold, insurance, and other options available on the site.
Well, you will be pleased to know that 5Paisa is part of this firm itself acting as a discount brokerage arm for multiple traders. You can find around 2500 branches all over the globe with 500 business locations. IIFL Securities does not charge a single penny for opening either Demat or Trading Account in India.
In fact, there isn’t any charge for maintaining the dreamt account. The same goes for the Trading account as well but only for the first year after which you need to pay INR 450 per annum. There is a Zero fee charged for delivery brokerage, while you need to pay INR 20 or 0.05% per trade. You can simply download the app and learn more about the different fees charged.
Pros of IIFL Demat account
- Free Account opening charges
- Cross platforms apps available for customers
- Full-service broker with an extended network
- Pro traders can use Trader Terminal for advanced trading techniques.
Cons of IIFL account
- Does not offer a 3-in-1 account
- Call and trader changes are pretty high i.e. INR 50 per call
#6. Sharekhan Demat Account
We could not have left out Sharekhan in our top 10 list of the best Demat Account in India. It is one of the leading brokerage firms with a massive customer base. Well, this platform was established in the year 2000 and within 21 years the number of customers has grown to 2M+ and continues to do so. There are currently 153 branches and spread over 575 cities in the country.
As per the process, it will only take around 15 mins to open a Demat account with no hidden charges. You can go for smartphone apps, Web apps, or simply start trading through the desktop official site. Anything that makes you feel comfortable you can go along with it. If you are a trader, you can work on enhanced charts, more time frames, and other market studies. The charts and the graphs are refreshed pretty fast to keep you up-to-date with the price range. Other than that the application has a proper newly designed Dashboard to keep you informed of everything in the market.
Well, if you are an investor, there are multiple services that you can use such as Mutual funds, reports, IPOs, Market Watch, stats, etc. Also, you can create, pause, or even make changes to your SIPs through one single app. Other than any other platforms, Sharekhan provides free Call & Trade. There are different charges for each of the services such as for Equity Delivery it’s 0.5%, and others you can check out further.
Pros of Sharekhan
- Multiple online sessions to learn trade and investment from scratch
- Prepaid Brokerage plans available to reduce overall trade charges
- Zero account opening charges
- Multiple trading platforms available
- Call & Trade is free
Cons of Sharekhan
- A little higher trade charges
- Does not offer a 3-in-1 account
#7. Motilal Oswal Demat Account
Motilal Oswal is another Brokerage firm that offers a plethora of financial services other than simply trading and investments. It is a very popular platform especially for investors since you can find multiple custom-made plans, personalized services, etc. Apart from simply investing in stocks, you can choose other services as well such as asset management, IPOs, Loans, Insurances, and much more.
Similar to multiple other platforms we have listed here, Motilal Oswal also does not charge any account opening fee for either trading or Demat Account. However, there will be a maintenance charge applied to you from the second year i.e INR 441. With the help of a desktop app, you can keep track of the market pretty easily and enjoy features such as faster refresh rate, auto-generation of buy & sell.
Also, you can download the mobile app that features real-time portfolio management, secure trading, and easy funds transfer. Apart from all the brokerage firms, we have come across, this one even provides an app for your SmartWatch where you can check out charts and keep an eye on the market.
Pros of Motilal Oswal
- Multiple apps on different platforms such as smartphones %& Desktop version
- Easy funds transfer with over 60 banks
- SmartWatch trading app available
- Multiple sessions and content to learn more.
Cons of Motilal Oswal
- Few unnecessary hidden charges
Check out – Best crypto exchanges in India
#8. Religare Demat & Trading Account
Religare is a fully-fledged financial service group and one of the best trading accounts in India. You can find over 8Lakh customers from around the country. There is no fee for opening a trading or Demat account. But you need to pay an Account Maintenance Charge of INR 400. If you wish to get a free lifetime from these AMC, you can choose a plan of INR 1111 or INR 2500 plans.
On the basis of charges, for Intraday you need to pay around 0.05% per trade. Similarly, for delivery, you will be charged 0.50% per order. Hence it clearly indicates that the total cost of trade every time depends on how much money you are putting up. To keep your account secure and trades safe, you can put up with two-factor Authentication. Other than this, you can also opt for health insurance, general insurance, IPO, and much more.
Well, they do have an app that will help you create an account much faster. Also, you can find multiple sources and learn to understand complex market situations. There are multiple blogs on the site as well that can help you set up everything and learn more about every single aspect of Religare.
Pros of Religare
- Safe and Secure trading and Transaction
- No fee charged for AMC (only first year) and account opening.
- Excellent customer service
- Real-time tracking of Investment Portfolio
Cons of Religare
- The fee charged can be too much for small traders
- Massive Account maintenance charges
#9. ICICI Direct Demat Account
ICICI Bank provides a brokerage firm for people all over the country. It has currently more than 50Lakh+ customer base and continues to grow. You can easily find any service that you might be looking for such as Equity, Mutual Funds, Portfolio Management, and there are multiple other options too that you can use to invest or trade in the long or short term. This is one of the best 3-in-1 account opening firms that could come in handy.
You can simply choose to open an ICICI Bank account along with a Trading and Demat account in this particular scheme. ICICI is a brilliant and trustworthy bank providing every service you might need. This ensures seamless transaction and trading between your best Demat account in India and your bank account. Well, since this is not a discount brokerage firm, you can find different charges for all the different services you come across. Such for Equity Delivery it is 0.55%, Equity Intraday (0.275%), and similarly, we have others too. Such platforms have a certain clause where your minimum trading amount cannot go below INR 35.
Other than all of this, ICICI Direct provides multiple brokerage plans to help you save money on trading fees. You may need to pay a small amount of fee and get benefits accordingly. Also, you need to pay a fee of INR 975 to open an account which depends on the scheme you have chosen. And the maintenance charge is INR 700 after the first year.
Pros of ICICI Direct
- Provides 3-in-1 Account Opening service
- Different platforms for trading
- Easy transfer of funds from bank to Demat Account
- Provides Investment and Insurance solutions as well.
Cons of ICICI Direct
- Very high Brokerage and account opening fee
- Does not support Commodity training
#10. HDFC Securities
Lastly, we have HDFC Securities offered by one of the leading private banks in the country. Well, the major advantage of such platforms provided by the bank itself is that you can get the benefit to open a 3-in-1 account. Here you get the benefit for Savings + Trading + Demat account all in one. It might take a certain amount of time to submit the documents online itself and you can get all three together.
It will help in the easier transfer of funds from one platform to another. There are zero account opening charges with tons of services you can enjoy the benefit of. Some of the services you can find here are Equity, Derivatives, Mutual Funds, Loans, Insurance, and multiple other services within these. If all of this is new to you, you can go to the research section and learn more about how you can invest your money and trade with it.
HDFC Securities have multiple platforms as well for traders and investors. We have a web-based trading platform that gives real-time market analysis. You need to pay a small fee to use all the services associated with this particular platform. Similarly, there is a smartphone app available too for a much easier and user-friendly application in the long run.
HDFC Securities Pros
- Easy transfer of funds
- User-friendly app for your smartphones
- Provides NRI Accounts
- Multiple online sessions for new traders available
HDFC Securities Cons
- Does not support Commodity Trading
- Trading Platform not free
Here are the ten best Demat Account in India that you can find on the web and might be the perfect ones you can think of going for. We have done our research over weeks and came up with the list that might suit your needs and requirements perfectly well. Before you can choose the best one among these for yourself based on your experience in the market, make sure to go through each of them carefully.
If you are new to this, it is always better to learn more about trading and investment for basic understanding. There is a risk at every step before you invest your money on any platform, hence reading the market is the key thing. If you have any issues with these platforms you can let us know in the comment section below.