A few years back big brokers used to charge huge brokerage from their clients for trading and still do. The only difference is that earlier you did not have the option of a discount broker, now you have the option.
By choosing a discount broker, investors can get rid of heavy brokerage and charges. If you are also looking for Best Demat Account in India for investing or trading or wondering which is the best Demat Account, then your confusion will end today through this article.
Whenever you are looking for the best Demat account for you and approach a broker, you may be surprised by many things like charges, brokerage, and trading platform interface.
There are hundreds of stock brokers present in India at present, but it is not that we just blindly open our demat account with any broker. Always select a reliable and reputed broker.
Today in this article I will tell you which is the best demat account. From this list, you can choose any discount broker of your choice, which suits you best for the Demat account. All these are good and reliable stock brokers.
Best Demat Account in India
If we talk about the best demat account, then at present only demat accounts of discount brokers are considered good. The names of Upstox, Zerodha, Angel One, and 5Paisa come first in the list of best Demat accounts. These brokers are considered to be the best as well as the cheapest.
List of best demat accounts:
- Upstox
- Zerodha
- Angel One
- 5paisa
- Groww
1. USPTOX
Upstox Demat Account RKSV India Pvt. Ltd is an online stock broker offered by Ltd. If you are searching which is the cheapest broker then Upstox can prove to be the cheapest broker for you. This broker is backed by the Tata Group so there is no question about its credibility.
Upstox is one of the best brokers due to minimum brokerage, advanced technology trading platform and high margins.
Upstox provides its customers with the facility of opening a demat and trading account absolutely free of cost. It charges zero brokerage on delivery transactions and a maximum brokerage of ₹20 on intraday deals.
UPSTOX Main Features
- Free online paperless account opening facility.
- Demat account opening in one day without any hassle.
- Zero brokerage facility for the first 30 days.
- No brokerage on delivery deals.
- No charges for adding funds through UPI and G Pay.
- User-friendly trading terminal.
- Prompt and responsive customer support.
UPSTOX Charges
| Demat and trading account opening charges | zero |
| Demat Account AMC (Annual Charges) | ₹25 Per Month (Excluding GST) |
| equity delivery transactions | NIL brokerage |
| equity intraday | ₹20 per executed order or 0.05% whichever is less |
| equity futures | ₹20 per executed order or 0.05% whichever is less |
| equity option | Flat ₹20 per executed order |
UPSTOX – Trading Platforms
Upstox trading terminals through which you can trade –
- UPSTOX PRO Mobile App: This trading mobile app is available on both Play Store and IOS Store. With this app, you can easily buy and sell shares, add and withdraw funds and view trading charts. They currently have two mobile apps and both the apps are great.
- UPSTOX PRO Web: This is Upstox’s online web trading terminal which you can trade from your computer’s browser. It has the facility of advanced charts and technical analysis.
- NEST Desktop: This is Upstox’s Windows application, in which trading can be done. For this, you need a computer. It offers very fast trading facilities to traders.
Why UPSTOX is the Best Demat Account?
- Easy mobile trading interface.
- Facility to open a paperless demat account.
- Facility to apply in IPO through UPI.
- There is an option to invest in Direct Mutual Funds.
- Refer and earn offers.
How to Open UPSTOX Demat Account?
For this, you need a PAN card, an Aadhaar card, and a bank account in your own name. If your Aadhaar is not linked to your mobile then you will have to send the physical form to Upstox by post or courier to open the account.
The main feature of Upstox is its very user-friendly interface which makes it the best stockbroker. Also, it gives you the facility of refer and earn, so that you can earn money by referring your friends.
2. ZERODHA
Zerodha is considered to be one of the best Demat accounts. Zerodha is considered to be the best account, especially for trading.
If we talk about Zerodha, then this company was established in August 2010. This broker service Zerodha Broking Ltd. Presented by is a discount broker.
Zerodha is one of the largest stockbrokers in India with a huge customer base. The minimum brokerage and its excellent technical charts make it the Top Discount broker in India. Due to the fast and responsive customer support of Zerodha, its customers are continuously increasing.
ZERODHA Main Features
- Facility to open a paperless account.
- Responsive Customer Support.
- Best technical charts and tools available for technical analysis.
- No charges for adding funds through UPI.
- Free Delivery Transaction.
ZERODHA Charges
| Demat & Trading Account Opening Charges (Equity) | ₹200 |
| Equity + Commodity Account | ₹300 |
| offline equity account | ₹400 |
| Offline Equity + Commodity Account | ₹600 |
| Demat Account AMC (Annual Charges) | ₹300 annually (Excluding GST) |
| equity delivery transactions | NIL brokerage |
| equity intraday | ₹20 per executed order or 0.03% whichever is less |
| equity futures | ₹20 per executed order or 0.03% whichever is less |
| equity option | Flat ₹20 per executed order |
ZERODHA – Trading Platforms
The Zerodha trading terminals are as follows –
- KITE By Zerodha Mobile App: Zerodha Kite mobile app is available on both Play Store and IOS. You can easily buy and sell shares through this user-friendly app. You can add and withdraw funds from this mobile app itself.
- Zerodha Kite 3.0: This is Zerodha’s web trading terminal where trading can be done with the help of advanced technical charts.
- Zerodha Coin: These platforms give investors the option of investing in direct mutual funds. It is available in both mobile app and web form. Currently, these apps are very popular for investing in mutual funds.
Zerodha Best Demat Account in India – Why?
Zerodha becomes the best Demat account for the following reasons –
- A stockbroker with largest customer base in India.
- Facility to open a paperless account.
- Margins are available from 4 to 15 times on intraday transactions.
- Facility for its customers to apply for IPO through UPI.
Today, Zerodha founder Mr. Nitin Kamat is one of the most successful businessmen. Zerodha being a profit-making stockbroker is a testimony to its credibility.
How to open Zerodha Demat Account?
You can open a demat account online or offline with this stockbroker. If your Aadhaar is not linked to your mobile then you have to open an offline trading account which has double the charges as compared to online.
Therefore, try to open your account online as far as possible. To open a demat account, you must have a PAN card, an Aadhaar card, and a bank account.
3. ANGEL BROKING
Angel Broking Company is one of the oldest broking companies in India. Angel Broking has now entered the Indian stock market as a discount broker.
Angel Broking provides its clients the facility to open a demat account online easily with the help of PAN card and Aadhaar card.
Presently Angel Broking stock broker is becoming more and more popular. Because now Angel One has also started offering the cheapest Demat account. You can also take advantage of their various facilities by opening your Demat account with it.
ANGEL BROKING Charges
| Demat and trading account opening charges | zero |
| equity delivery transactions | zero |
| equity intraday | ₹20 per executed order |
| Equity Futures/Options | ₹20 per executed order |
| Commodity Futures/Options | ₹20 per executed order |
AMC – Angel Broking Annual Charges
| Holding Value | AMC |
| For the first year | zero |
| From 2nd Year Non Basic Services Demat Account | ₹20 + Tax (per month) |
| Basic Services Demat Account holding value less than ₹50,000 | zero |
| Basic Services Demat Account Holding Value ₹50,000 to 2 Lakh | ₹100 + Tax (per year) |
ANGEL BROKING –Trading Platforms
Angel Broking Trading Terminals through which you can trade –
- ANGEL BROKING Mobile Trading App: The mobile app is available on both Play Store and iOS under Easy Trading. Through this app, its clients can trade in the equity and commodity markets from their smartphones.
- ANGEL BROKING – Website: These are computer browser-based trading terminals. They offer you the facility of fast trading.
- ANGEL BROKING Speed PRO: It is a computer-based application in which trading facility has been made available with many important features.
Top Brokers in India – Why Angel Broking?
- Fast Demat Account Opening Process.
- Responsive Customer Support.
- Free Demat account opening facility.
- Minimum brokerage.
- Option to invest in mutual funds.
4. 5PAISA
5paisa also makes its name in the list of best Demat accounts for providing better user experience and minimum brokerage services to its customers. 5paisa offers a flat ₹10 brokerage to its customers in Add on Packs.
5paisa Add-on Packs
- Power Investor Pack (₹249/month) – Flat ₹10 brokerage and short-term calls
- Ultra Trader Pack (₹499/month) – Flat ₹10 brokerage and research pack
This broker provides the facility of opening a Demat Account to its customers for free. You can also open a 5paisa trading account through online mediums.
5paisa AMC – Annual Charges
| Holding Value<
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