I had my salary account with ICICI and it had been damn easy to urge a Demat and trading account with ICICI bank.
But later I noticed that the ICICI Demat account charges a hell lot of charges for trading and delivery of shares under consideration. Then I found best Demat accounts with Zero Brokerage on delivery, which suggests I even have to pay no brokerage for future investing.
In 2010, I started investing heavily in available markets. within the past few years, I opened accounts with top Demat & trading account service providers Upstox, Zerodha, 5Paisa, and Angel Broking.
Difference Between Demat and Trading Account
A trading account is employed to put buy or sell orders within the stock exchange. Demat means dematerializing shares into digital format instead of on physical paper.
The Demat account is employed as a bank where shares bought are deposited in, and where shares sold are taken from. you’ll get one account for Demat & trading.
The Best Demat Account with Lowest Brokerage 2020 in India.
1. Zerodha Demat Account Review
Zerodha is that the largest and most trusted discount broker having with the typical daily trading transaction of over Rs 10,000 crore.
Zerodha is best for little investors because there are not any minimum charges of brokerage per trade.
If you trade big volume even than you’ll need to pay only Rs 20 per trade. you’ll save to 90% as compared to other full-service brokers. No charges on delivery.
Zerodha’s customer support is best than the opposite discount brokers in India.
Key Benefits of Zerodha
- Delivery is completely free. No brokerage on delivery.
- No minimum cap of brokerage per transaction.
- Maximum brokerage charge capped to Rs 20 regardless of transaction volume.
- Provide a margin from 4 to 12.5 times.
Account Charges
- Opening Charges of Trading Account ( one time) – Nil
- Opening Charges of Demat Account ( one time) – Rs 300
- Maintenance Charges of Trading Account (AMC) – Rs 0
- Maintenance Charges of Demat Account (AMC) – Rs 300 per annum
Zerodha Brokerage Charges
- Equity Delivery- zero brokerage
- Equity Intraday- 0.01% or Rs 20/per trade whichever is lower
- Equity Futures- 0.01% or Rs 20/per trade whichever is lower
- Equity Options- flat Rs 20 per trade.
Zerodha Trading Platforms
- Zerodha Trader – an entire trading solution for the investors and traders which give complete market data and multi-market access from one front.
- Zerodha Z5 – A browser-based website especially for the users having low internet speed of but 512 Kbps.
- Zerodha Mobile – A mobile app through which you’ll trade from your mobile also.
- Zerodha Pi – A next-generation trading platform having many features like integrating charting with up to 50,000 candles.
2. 5Paisa Demat Account Review
5Paisa charges rock bottom brokerage charges in India as compared to the opposite discount broker in India. you simply got to pay flat Rs 10. per trade with platinum and titanium.
You can place one trade worth crores and pay Rs 10 per trade. you’d get your 5Paisa account opened on an equivalent day on submitting all the documents.
You can use a 5paisa mobile trading app for trading. 5paisa mobile app is the best mobile app in India in terms of easy usability, user experience, and fast speed.
Other Benefits
- Invest in Mutual Funds and buy insurance through an equivalent account
- 100% waiver on account opening charges – A saving of Rs. 650
- Maintenance Charges – Rs. 45 per month just for months once you trade
Margin provided by 5paisa
Account opening is extremely easy and convenient. You fill an easy online form and that they will come to gather your documents.
5Paisa Brokerage Charges
5Paisa offers three subscription plans, namely the Optimum, Platinum, and Titanium Plans. 5Paisa brokerage charges under different plans are as under;
5Paisa Trading Platforms
- Investor Terminal – Investor terminal is for the low volume traders. this is often a web-based terminal and straightforward to access.
- Trader Terminal – Trader terminal is for top volume traders which gives a strong interface and fast execution.
3. Upstox Demat & Trading Account Review
Upstox (earlier referred to as RKSV Securities) is one of the simplest discount brokers in India. If you’re trying to find low brokerages, high margins, and good trading platforms, then you want to open your account with Upstox.
Upstox has fixed brokerage of Rs. 20 per trade for intraday regardless of the trading volume. And, you would like to pay zero brokerage for delivery. Huge savings as compared to other full brokers.
You will get the fastest & best trading platform in India with Upstox which is the main requirement for trading. With little question, Upstox is the best online trading platform in India.
Special Offer for limited time
- Zero account opening fee (saving of Rs 450)
- Zero brokerage for the primary 30 days
- Moneycontrol Pro yearly subscription worth ₹ 1999
Upstox Account Regular Fee & Charges
- Upstox Equity Demat and Trading – Rs. 300 (includes first year AMC)
- Upstox Commodity Trading Account– Rs. 150
- Upstox Annual Maintenance Charges – Rs.150
But Upstox waived off account opening charges for CashOverflow readers if you apply for the account during this week of July 2020. Upstox takes at some point to urge open your account.
Upstox Trading Brokerage Charges
- Equity Delivery- Rs. 0
- Equity Intraday- Lower of Rs. 20 per executed order or 0.01%
- Equity Futures- Lower of Rs. 20 per executed order or 0.01%
- Equity Options- Rs. 20 per executed order
- Currency Futures & Options- Lower of Rs. 20 per executed order or 0.01%
- Commodity F&O- Lower of Rs. 20 per executed order or 0.01%
Special Offer on Brokerage (valid till 31st July)
- Free Demat & trading account opening
- Zero brokerage for subsequent 30 days
- Free StockEdge premium membership worth Rs 999
- Elearnmarkets Free course on stock exchange worth Rs 999
- Advantages of Upstox Trading Account
- No brokerage charges for delivery
- Great trading platforms
- Fix & low brokerage regardless of trade volume
What We Didn’t Like
- If today you inquire from me which Demat account in India, I might recommend Upstox needless to say.
4. Angel Broking Demat Account Review
Angel broking is one of the oldest brokerage companies in India having established network branches in over 900 cities. at the present angel broking providing service to quite 10,00,000 customers.
I like to recommend Angel Broking as long as your Adhaar Card is linked together with your mobile number.
You can complete your entire application online and begin trading after validating your identity with Adhaar OTP.
Angel Broking Provided Trading Platforms
- Angel Eye – an internet-based platform useful for portfolio tracking and updated quotes.
- Angel Broking App – A mobile app users to look at current market prices and track your portfolio.
Additional Services
- Margin provided up to 10 times the quantity deposit.
- Free SMS consulting service for 3 months.
Account Charges of Angel Broking
- Trading Account Opening Charges – Rs 0.
- Demat Account Opening Charges – Rs 0.
- Angel Classic ( 10,000 to 24,999) – Rs 450 once a year .
- Angel Premier ( 50,000 to 99,999) – No AMC for two years and Rs450 p.a. afterward.
- Angel Elite ( 1,00,000 & more) – No AMC for 3 years and Rs 450 p.a afterwards.
- Best Demat Account for little Investors
5. Sharekhan Demat & Trading Account Review
Sharekhan is one of the leading online brokerage companies having quite a 12 lakh customer base. Presently the corporate has provided service from quite 1800 offices across 550 cities.
Account Charges of Sharekhan account
- Trading Account Opening Charges – Nil
- Demat Account Opening Charges – Nil
Sharekhan offers two sorts of accounts
1) Classic Account – Classic account is a web trading account for equities and derivatives best fitted to investors. This account has features like multiple watch lists, real-time portfolio tracking with price alerts, and integrated banking.
2) Trade Tiger Account – It is an Internet-based executable application for active traders.
Brokerage Structure
- Equity Intraday- 0.1% on both buy and sell (min 5 paise/share)
- Equity Delivery- 0.5% (min 10 paise/share)
- Equity Futures- 0.1%
- Equity Options- Rs. 100 per lot or 2.5% on the premium (whichever is higher)
Benefits of Sharekhan
- Account opening charges are adjusted on the first six months brokerage or waived off
- No annual maintenance charge for the primary year
- Sharekhan provides online & offline training workshops to investors
- Free call & trade facility
Drawbacks of Sharekhan
- The minimum brokerage charge per stock would scale back your profit on trading small (penny) stock.
- Higher Brokerage rate than others.
