I opened my first Demat account in 2006 after getting my first job because I wanted to invest 20% of my salary in the stock market.
I had no knowledge of stock investing at that time so I thought brokers like ICICI or Sharekhan would help me pick the right stocks.
Opening an account with ICICI was easy because I was having a salary account with ICICI bank. They started sending me tips on stock trading and investing.
I kept on buying and selling as per their recommendation but later I realised that I am losing a lot of money in the brokerage because ICICI was charging as high as 0.5% on my trades.
I switched to Sharekhan to save brokerage but they were also charging 0.1% on the buy/sell transactions.
I came to know about discount broker Zerodha in 2015 that was charging ZERO on stock delivery and flat Rs. 20 per transaction for day trading.
In the last 2-3 years, many companies have started offering demat & trading services at flat rates. New companies waive off account opening fees and also offer some additional perks.
If you buy stocks worth Rs. 1,00,000 then you would pay approx 500 Rs.+ taxes to ICICI but the same you can buy at zero charges + govt fees + taxes from discount brokers like Zerodha, Upstox and 5Paisa.
Our Top Picks For Best Demat & Trading Account in India 2020
Upstox Demat & Trading
Unlimited Zero Brokerage for 30 Days.
Every broker has some advantages and disadvantages. Discount brokers focus on improving their trading platforms while full-service brokers focus on improving customer service.
Your experience with discount broking customer service may not be good but you would save a lot of money in brokerage.
Best Demat Account With Lowest Brokerage in India 2020
Fix Brokerage of Rs. 20 per trade
#1. Zerodha Demat Account Review
Zerodha is the largest and most trusted discount broker with a user base of more than 30 Lakh. The biggest reason for Zerodha’s success is its customer support which is better than all other discount brokers.
Zerodha charges a lower brokerage fee of 0.03% or Rs. 20 per executed order whichever is lower. You can save up to 90% as compared to other full-service stockbrokers if you trade in high volumes. The stock delivery trade is free at Zerodha.
You will get the trading platforms with advanced charts and other tools for better technical analysis with Zerodha.
Why Zerodha is at #1
- Most trusted broker in India
- Fix Rs. 20 per trade on intraday trades
- Zero brokerage on the stock delivery
- Good customer support
- Best charts and tools for technical analysis
Read More
Account Charges
- Demat & trading account opening charges – Rs 200
- Commodity account opening charges – Rs 100
- Annual maintenance charges – Rs 300 per year
Open account with the best broker
Zerodha Brokerage Charges
- Equity Delivery- zero brokerage
- Equity Intraday- 0.03% or Rs 20 per executed order whichever is lower
- Equity Futures- 0.03% or Rs 20 per executed order whichever is lower
- Equity Options- flat Rs 20 per executed order
Zerodha Trading Platforms
- Zerodha Kite 3.0 – A complete trading solution for the investors and traders that provides streaming price data, multi-market access, advanced charts and simple UI.
- Kite by Zerodha Mobile App – A mobile app version of Kite 3.0 for a seamless trading experience, especially for the young generation (Android/iOS) smartphone users.
- Zerodha Coin – A platform that lets you buy direct mutual funds online without paying any commissions.
Key Benefits of Zerodha
- Delivery is totally free. No brokerage on delivery.
- No minimum cap of brokerage per transaction.
- Maximum brokerage charge capped to Rs 20 irrespective of transaction volume.
- Provide a margin from 4 to 15 times.
Fix Brokerage of Rs. 20 per trade & Zero on Delivery
#2. Upstox Demat & Trading Account Review
Upstox is one of the best discount brokers in India due to cheap brokerage charges, advanced technology platforms, and high margins.
Upstox charges a fixed brokerage of Rs. 20 per trade for intraday irrespective of the trading volume with free stock delivery. You can save a good amount in brokerages when compared to other full brokers.
You will get the fastest & best online trading platform in India with Upstox which is the main requirement for trading.
Upstox is currently providing 30 days Zero brokerage offer on new account opening. You can do free trade for the next 30 days even worth thousands without paying a single penny.
Why Upstox is at number #2
- Free account opening
- Lowest brokerage charges
- Benefits worth Rs. 4,000
- After that only Rs. 20 per trade
- Zero stock deliver brokerage
- Fast account opening process
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Upstox Account Regular Fee & Charges
- Upstox Demat and Trading Account Opening – FREE
- Upstox Annual Maintenance Charges – Rs. 25 per month
Upstox Trading Brokerage Charges
| Type | Brokerage |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.05% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.05% |
| Equity Options | Rs. 20 per executed order |
| Currency Futures & Options | Lower of Rs. 20 per executed order or 0.05% |
| Commodity F&O | Lower of Rs. 20 per executed order or 0.05% |
Special Offer on Brokerage (valid till 31st Oct)
- Free account opening
- Zero brokerage for the next 30 days
- Free StockEdge premium membership worth Rs 999
- Elearnmarkets Free course on Stock Market worth Rs 999
- MoneyControl subscription worth Rs 1,999
If you are planning to open a Demat account, open before the offer ends.
Advantages of Upstox Trading Account
- No brokerage charges for delivery
- Great trading platforms
- Fix & low brokerage irrespective of trade volume
What We Didn’t Like
- You cannot make the investment to IPO and FPO
If today you ask me which is the best Demat account in India, I would recommend Upstox for sure.
Fix Brokerage of Rs. 10 per trade
#3. 5Paisa Demat Account Review
5Paisa charges the lowest brokerage charges of flat Rs 10. per trade under the addon Ultra Trader pack. You can place a single trade worth crores and pay brokerage of just Rs 10 per trade.
The Ultra trader pack comes with a monthly price of Rs. 999. Without the pack, 5Paisa charges a flat brokerage fee of Rs. 20 per executed order.
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.
You would get your 5Paisa account opened on the same day on submitting all the documents. If you are looking for the lowest brokerage demat account, then you go with 5Paisa.
Why 5Paisa is at #3
- Lowest brokerage charges of Rs 10 per trade
- Zero brokerage on delivery
- Fastest account opening process
- Offers the best trading app with easy to use.
Read More
5Paisa Annual Charges Details
5paisa offers an All-in-one investment account with 2 different addon packs
- Research & Idea Pack – Rs. 499 per month. Brokerage Rs. 20 per trade and AMC Rs. 45 per month.
- Ultra Trader Pack – Rs. 999 per month. Brokerage Rs. 10 per trade and NIL AMC charges.
You need to pay maintenance charges only for the traded month under the Research & Idea pack.
5paisa account opening is FREE.
Click here to open FREE 5Paisa Account Online
Margin provided by 5Paisa
|
Trading Segment |
Research & Idea Pack |
Ultra Trader Pack |
|
Equity intraday buy |
Upto 20x |
Upto 20x |
|
Equity intraday sell |
Upto 10x |
Upto 10x |
|
Equity Futures |
3.5x |
3.5x |
|
Equity Options – long |
1x |
1x |
|
Equity Options – short |
3.5x |
4x on normal days, |
|
Currency Futures |
3x |
3x |
|
Currency Options |
Long – 1x |
Long – 1x |
|
Commodity Futures |
Upto 2x |
Upto 2x |
|
Commodity Option |
1x |
1x |
5Paisa Brokerage Charges
5Paisa offers two addon plans – the Research & Idea pack and the Ultra Trader Pack. 5Paisa brokerage charges under different both the pack are under;
|
Trading Segment |
Research & Idea Pack |
Ultra Trader Pack |
|
Equity delivery |
Rs. 20 per executed order |
Rs. 10 per executed order |
|
Equity Intraday |
Rs. 20 per executed order |
Rs. 10 per executed order |
|
Equity derivatives |
Rs. 20 per executed order |
Rs. 10 per executed order |
|
Currency derivatives |
Rs. 20 per executed order |
Rs. 10 per executed order |
|
Commodity derivatives |
Rs. 20 per executed order |
Rs. 10 per executed order |
Note – Under the Ultra Trader pack, the first 100 trades are free every month. From 101st trade, you need to pay a flat fee of Rs. 10 per executed order on all segments.
5Paisa Trading Platforms
- 5Paisa Trader Station Web – 5Paisa is for the low volume traders. The web-based platform gives easy access to portfolio, positions and holdings data.
- 5Paisa .EXE Trader Terminal – The trader terminal is for high volume traders which provide a powerful interface and fast execution. You get a real-time market price, advanced charts with tools and past stock prices.
- 5Paisa App – The app is for trading on smartphones with easy access to markets and a great user experience.
Best Full Service Broker
#4. IIFL Demat Account Review
IIFL Securities Ltd (IIFL) is one of the biggest full-service stockbroker with more than 40 Lakh customer. IIFL Demat account is good for investors who need guidance and research support while making investment decisions.
You would need to pay a percentage based brokerage for trading & value investing. IIFL offers 3 different brokerage plan which includes variable brokerage, flat brokerage and value-added brokerage.
IIFL also offers value-added services which includes
- Research advisory
- Market & sector reports & Information
- Options Trading Using Sensibull
- Loan Products (Home, Personal, Gold, Against Property & Business Loan)
- Mutual Fund Investment
- Wealth & Financial Management
- NRI ServicesInstitutional Equities & Investment Banking
You can open IIFL Demat account Free along with zero AMC charges for the first year.
Read More
IIFL Account Opening Charges
- Account opening charges – FREE
- First-year annual maintenance charges – Rs 0
- Annual maintenance charges second year onwards – Rs 200
Limited time offer to open FREE IIFL account
IIFL Brokerage Charges
IIFL offers various brokerage plans to meet different investor requirements. You can choose the brokerage plan based on your requirement.
1. Variable brokerage plan
Your slab is decided based on the volume you achieved in the last 20 trading days.
Delivery Trades (brokerage applicable on both sides)
|
Monthly Volume (in Rs. Lakhs) |
Brokerage |
|
<1 |
0.60% |
|
1-5 |
0.55% |
|
5-10 |
0.45% |
|
10-20 |
0.35% |
|
20-60 |
0.25% |
|
60-200 |
0.20% |
|
>200 |
0.15% |
Intraday Trades (brokerage applicable on both sides)
|
Monthly Volume (in Rs. Lakhs) |
Brokerage |
|
<20 |
0.05% |
|
20-100 |
0.04% |
|
100-500 |
0.03% |
|
>500 |
0.02% |
Equity Futures
(brokerage applicable on both sides)
|
Monthly Volume (in Rs. Lakhs) |
Brokerage |
|
<100 |
0.05% |
|
100-500 |
0.04% |
|
500-1000 |
0.03% |
|
1000-5000 |
0.025% |
|
>5000 |
0.02% |
Equity Options
(brokerage applicable on both sides)
|
Monthly Premium Vol (in Rs. Lakhs) |
Brokerage |
|
Up to Rs. 4 lakhs |
2.5% (min Rs. 100 per lot) |
|
4-10 |
2.0% (min Rs. 100 per lot) |
|
10-20 |
1.75% (min Rs. 80 per lot) |
|
20-50 |
1.25% (min Rs. 60 per lot) |
|
>50 |
1.0% (min Rs. 40 per lot) |
#2. Flat Brokerage Plan
The brokerage charges are fixed and you can choose the flat brokerage plan if you do low volume, i.e 5-10 trades a month.
|
Trade Segments |
Brokerage |
|
Intraday both side |
0.05% |
|
Delivery |
0.50% |
|
T and Z group shares |
0.75% |
|
Futures both sides |
0.05% |
|
Options (minimum) |
1% of premium or Rs. 100 per lot whichever is higher |
#3. Value Added Subscription Plan
The plan is suited for large volume professional traders who want to trades without worrying about the trading volumes.
|
Subscription Plan |
Plan Period (month) |
Delivery |
Intraday (each leg) |
Futures (each leg) |
Options (each leg) |
|
Default Plan (Nil) |
12 |
0.50% |
0.05% |
0.05% |
1% of premium or Rs. 100 per lot whichever is higher |
|
V 1000 |
1 |
0.25% |
0.03% |
0.03% |
1% of premium or Rs. 70 per lot whichever is higher |
|
V 2000 |
1 |
0.15% |
0.02% |
0.02% |
0.50% of premium or Rs. 60 per lot whichever is higher |
|
V 5000 VAS |
12 |
0.35% |
0.04% |
0.04% |
1% of premium or Rs. 90 per lot whichever is higher |
|
V10KVAS |
12 |
0.25% |
0.03% |
0.03% |
1% of premium or Rs. 70 per lot whichever is higher |
|
V25KVAS |
12 |
0.15% |
0.02% |
0.02% |
0.50% of premium or Rs. 60 per lot whichever is higher |
|
V50KVAS |
12 |
0.10% |
0.01% |
0.01% |
Flat Rs. 40 per lot |
|
V1LVAS |
12 |
0.05% |
0.01% |
0.01% |
Flat Rs. 20 per lot |
Benefits of IIFL Demat Account
- Free account opening & zero first year AMC
- Different brokerage plans for various needs
- Research reports on 500+ stocks, sector summary, daily stock tips and recommendations
- Value-added services like IPO & mutual fund investment.
Best Full Service Broker
#5. Angel Broking Demat Account Review
Angel broking is one of the oldest brokerage companies in India having 2.15 million broking accounts.
Angel broking‘s customer care service is up to the mark. I recommend Angel Broking only if your Adhaar Card is linked with your mobile number.
Read More
You can complete your entire application online and start trading after validating your identity with Adhaar OTP.
Angel Broking Provided Trading Platforms
- Angel Broking Trade – A web-based platform useful for portfolio tracking and online web trading. The platform provides up-to-date market information and live news. I use Angel Broking trade platform for transactions.
- Angel Broking App – Loaded with ARQ technology for personalized advisory. The app can be used to trade, view current market prices and track your portfolio.
- Angel Speed Pro – An installable software comes with 30 days intraday and 20 years historical data. The platform integrates news flash and gives access to various reports.
Additional Services
- Margin provided up to 10 times of the amount deposit.
- You can start trading within 1 hour through digital KYC.
Account Charges of Angel Broking
- Trading Account Opening Charges – Rs 0.
- Demat Account Opening Charges – Rs 0.
- Annual Maintenance Charges – Rs. 0 for the first year then Rs. 450 per annum.
You can read the complete angel broking review.
Best Demat Account for Small Investors
#6. Sharekhan Demat & Trading Account Review
Sharekhan is one of the leading online brokerage company having more than 20 Lakh customer base. Presently the company provides service from 3200 share shops across 541 cities.
Account Charges of Sharekhan account
- Trading Account Opening Charges – Nil
- Demat Account Opening Charges – Nil
- Annual Maintenance Charges – Rs. 400 per annum (1st year free)
Read More
Brokerage Structure
| Transaction Form | Brokerage |
| Equity Intraday | 0.1% on 1st leg and 0.02% on the 2nd leg |
| Equity Delivery | 0.50% (min 10 paise) |
| Equity Futures | 0.1% on 1st leg and 0.02% on the 2nd leg |
| Equity Options | Rs 100 per lot or 2.5% on premium ( whichever is higher) |
Benefits of Sharekhan
- NIL account opening charges
- No annual maintenance charge for the first year
- Sharekhan provides online & offline training workshops to investors
- Free call & trade facility
Drawbacks of Sharekhan
- 0.02% brokerage charges on the second leg.
- The brokerage rate is higher as compared to other stockbrokers. But you can negotiate at the time of account opening.
#7. Religare Demat Account Review
Religare Securities Ltd. (RSL) is a wholly-owned subsidiary of the Religare group. RSL is a diversified financial service group, serving more than 8 Lakh customers across both online and offline platforms.
RSL offers broking services in equity, currency and commodity along with depository participant services.
Account Charges
- Demat Account Opening Charges – Nil
- Trading Account Opening Charges – Nil
- Annual Maintenance Charges – Rs. 400.
But there is an account processing charge of Rs. 500.
Note – You can avail of free lifetime AMC by paying either a one-time non-refundable fee of Rs. 1,111 or a refundable fee of Rs. 2,500..
Read More
Religare Demat & Trading Account Brokerage Charges
- Intraday Charges – 0.05%
- Delivery – 0.50%
Advantages of Religare Securities Ltd
- Religare securities provide a mobile trading platform to place orders anytime from anywhere.
- Provides facility of investing in equities, derivatives, currency, futures, commodities and mutual funds through a single account.
- Provides intraday reporting and historical charting.
Disadvantages of Religare Securities Ltd
- Rs 10 per offline order with a maximum limit of Rs 50 per day per segment.
- Religare security charges Rs. 999 per annum for using EXE based desktop platform.
You would also like to read – Zerodha vs 5paisa
Best Demat Account for Investors in India
#8. Motilal Oswal Demat Account Review
Motilal Oswal provides a huge number of services such as private wealth management, retail broking, and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, currency broking, principal strategies & home finance.
Presently the company has more than 2200 business locations with over 10 Lakh registered customers. Motilal Oswal’s solid research-based advice is the reason for such a strong customer base.
They spend Around 10% revenue on research and on hiring & training for research. I do my own research before buying any stocks, so their research calls are not helpful to me.
Read More
Account Charges- Demat Account Opening Charges – Rs 0
- Trading Account Opening Charges – Rs 0
- Annual Maintenance Charges – up to Rs 899 depending on the scheme.
Note – You have the option to pay Rs. 2,500 as one time AMC charges under the lifetime AMC scheme.
Motilal Oswal Brokerage Charges
| Segment | Brokerage |
| Equity Intraday | 0.05% |
| Equity Delivery | 0.50% |
| Equity Futures | 0.05% |
| Equity Options | Rs. 70 per lot |
Motilal Oswal Trading Platforms
- MO Trader Desktop Trading Platform – A desktop-based platform that needs to installed on your PC or laptop. The system provides access to over 30,000 research reports across all asset classes.
- MO Trader Web Platform – Where trading account can be accessed online easily with any browser on the web
- MO Trader Mobile App – A mobile platform for smartphone users providing real-time data and trade execution.
Benefits of Motilal Oswal
- Award-winning research advisory covering 45 sectors and 80,000+ reports.
- Lots of value-added services like portfolio management services, FD, Gold, US equities & Bond investment
Check out – Zerodha Vs Upstox
Best Bank For Demat Account in India ( 3-in-1 account )
#9. ICICI Direct Demat and Trading Account Review
ICICI direct is one the largest stock brokerage company having more than 20 Lakh customers. ICICI Direct provides a wide range of services and investment options which includes
- Investment in equities, derivatives, mutual funds, IPO, NCD & bonds, ETF and currency.
- Wealth products. ELocker and NPS investment.
- Home loans & loans against securities.
Read More
Who Should Apply
- If your trading volume is low then the ICICI Direct account is best for you.
- If you have an existing ICICI saving account and want to invest in IPO and Mutual Funds.
- You will get 3-in-1 account, i.e Saving + Trading + Demat account rolled into one
- The 3-in-1 account offers easy to transfer in and transfer out money.
ICICI offers 3 types of brokerage plans
1) ICICI direct Prime – with access to premium research reports and instant payout through eATM for the shares sold.
|
Prime plan in Rs. |
Cash |
Equity Futures |
Equity Options per lot |
Currency Futures |
Currency Options |
|
900 |
0.25% |
0.025% |
Rs. 35 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
4,500 |
0.18% |
0.018% |
Rs. 25 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
9,500 |
0.15% |
0.015% |
Rs. 20 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
2) I- Secure Plan – Where a fixed percentage of brokerage of 0.55% is charged on turnover.
3) Prepaid Brokerage Plan – You have to pay prepaid brokerage under this plan. The brokerage rate is lesser as compare to the other two plan. But your money will be locked & not beneficial for seasonal traders or investors to lock their money.
|
Prepaid plan in Rs. |
Cash |
Equity Futures |
Equity Options per lot |
Currency Futures |
Currency Options |
|
5000 |
0.25% |
0.025% |
Rs. 35 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
12,500 |
0.22% |
0.022% |
Rs. 30 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
25,000 |
0.18% |
0.018% |
Rs. 25 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
50,000 |
0.15% |
0.015% |
Rs. 20 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
1,00,000 |
0.12% |
0.012% |
Rs. 15 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
|
1,50,000 |
0.09% |
0.009% |
Rs. 10 |
Rs. 20 per order & Rs. 2 per lot |
Rs. 20 per order & Rs. 2 per lot |
ICICI Direct Account Charges
- Account Opening Charges – up to Rs. 975 depending on scheme
- Annual Maintenance Charges – Rs 700 (1st year free)
ICICIDirect Trading Platforms
- Trade Racer Web – A web-based platform with which you can do all the trading and investing activities. The web platform is accessible from any browser.
- Trade Racer Desktop – Installable trading platform with features like live streaming quotes & research calls and an integrated fund transfer system.
#10. SBICap Securities Review
SBICap offers a host of value-added services, which includes
- Investment in IPO, Mutual funds and OFS
- Investment in NCDs and ETFs
- Home loan, Car loans and facility to avail loan against securities.
Account Charges
- Account Opening Charges – Rs. 850
- Account Annual Maintenance Charges – Rs 400. Rs. 350 in case you opt for email statements.
Read More
SBICap Brokerage Charges
| Segment | Brokerage |
| Equity Intraday | 0.075% on each leg |
| Delivery | 0.50% or 5 paisa per share |
| Equity Futures & Options | 0.03% on each leg Rs. 50 per lot on each leg |
| Currency Futures & Options | 0.015% on each leg Rs. 20 per lot on each leg |
SBICap Trading Platforms
- SBISMART Xpress Desktop Trading Software – You need to install the software on your PC. The software allows live streaming of market news and stock prices, charting tools and on-screen alerts.
- SBISMART Mobile App – An app version of the SBI Smart Xpress trading software that helps to trade in equities and derivatives on mobile phones.
You would like to read about my favorite Demat accounts – 5paisa review, Zerodha Review and Upstox review
#11. HDFC Security Review
HDFC security limited is a subsidiary of India’s largest private bank HDFC. HDFC securities provide a 3-in-1 account which integrates your saving account, trading account and the demat account.
Account Charges
- Account Opening Charges – NIL
- Account Annual Maintenance Charges – Rs 750 ( free for first year)
Read More
HDFC Trading Platform
- HDFC Pro Terminal – Pro terminal is a web-based trading platform with real time market data and features like market analysis and sentiment analysis. HDFC charges Rs. 1,999 for 12 months for the Pro terminal use.
- HDFC Securities Mobile Trading – HDFC mobile platform allows trading in equities and derivatives in just a few clicks using mobile phones.
Benefits
- Due to integrated accounts, funds can easily transfer from one account to another. Only helpful for HDFC saving account customers.
Drawbacks
- HDFC security doesn’t offer commodity trading.
- If you are a new customer to HDFC, then firstly you have to open the savings account.
- Rs. 1,999 charges for using Pro trading terminal
You would like to read – Commodity trading in India 2020
Which account are you going to open and why?
I tried to collect all the required information in a single article. Kindly let me know in the comments which account you are opening. For the best experience in trading, Open Zerodha account
if you want to get deal like Zero brokerage for 30 days and free account opening, then open FREE Upstox account
For lowest brokerage charges, Open FREE 5paisa account.
Don’t spend much time on deciding about the demat accounts, rather spend more time on learning how can you make money from share market and trading.
I want open Demat account. currently i want to purchase only GOLD ETF. could you please suggest where i open my Demat account which have less expensive like brokerage and AMC charges. Please suggest demat account name. currently Aditya birla and Kotak approaching me for opening Demat account but i am confused. please help
I would suggest you to try Zerodha
I am new to stock market. I had opened a demat in 2008 with reliance securities but did not trade.
Should I continue the same or open a new demat after delibrate knowlede of trading.
Pl guide
You can continue with the same account as well. But if you plan to trade a lot, consider going for a discount broker as there are significant differences in charges and also better platforms.
Hii , Nice Article ….I Am a Student and want to invest in IPO so I want to know Which is Best For Me …..???
Depends on what are the choices available at the time of investing.
My mobile is not linked with AADHAR, please suggest the best offline trading account broker for investment in equity and commodities.It should have good mobile app with simple and comprehensive user interface.
You will need to open an account offline if your mobile is not linked with Aadhar. I would suggest you to open an account with Zerodha.
Sir, I am new for trading which account is good for me
I would suggest that you try Zerodha or Upstox
Sir,
Article is very useful. But let me know what are the charges if account is closed.
And secondly how to withdraw money from these accounts.
Thanking you in anticipation.
Generally there are no charges to close account. To withdraw money, you just need to go to the ‘Fund Transfer’ tab on your trading interface and approve the withdrawal amount.
Hello sir…hope u r doing well in this unfortunate time…I did your course on personal financial management.. phase 1…it really helped me alot..I was a beginner..and m still learning…I have two demat account… upstox and zerodha… initially I used upstox..but it was unresponsive during peak hours…so now m shifted to zerodha..I found it better…in terms of responsiveness…I did some trading in upstox…but not successful…so currently o stopped… I have not done any F&O…bcoz that require..good cash amount for margin…which I don’t have….so m really looking for long term investment…and keeping eye as eagle on market… thnx alot for guidance…u really put alot efforts for those phases…god bless u
Thank you for your good wishes! We are also posting content about investing. Keep checking out the website for new articles on investment.
I have an account at Ventura securities. But I find it complicated. Now only one SIP is running in this accunt. Should I go some other user friendly account. Please suggest if any. Or should I stick with this one.
You can go for Upstox they have a really simple platform to use.
Hi,
Please suggest me i want to open bank account to buy and sell shares with low brokerage charges.
You can open savings bank account in any good bank. You can refer our article
You will also need to open a trading and demat account for trading and link it to the bank account.
Dear Pardeep,
I want Buy stocks and Hold Long term. For example Month or Year. which is the best brokers and who less brokerage for this type of investing.
I would suggest that you go for a discount broker like Zerodha
I am a intraday scalper..i need brokerage free or fixed brokerage broker.
pls advise any
Try a discount broker like Zerodha or Upstox
Great write up. Very articulate. I use upstox but their services are horrible, After yesbank said 75% shares wil be locked up, my holding has completely changed and depleted and the number they show is incorrect. Its like my hard earned money is gone. What broker would you recommend that doesn’t charge a bomb but charges decent amount and gives good trading experience and is transparent.
I suggest that you try Zerodha.
What about reliance smartmoney?
Sir, according to you which full service stockbroker has good research team and provides good stock recommendations on daily basis?
I would not recommend following stock tips blindly by any broker.
Suggest one best in full service broker and in discount broker with low brokerage
Zerodha and Angel Broking
Hi … Do you have any feedback on Edelweiss? I’m interested in long term investing including IPO. Not keen on trading.
In 5 Paisa they are charging dp charges for every purchase and not flat charge’s. They are charging around 90 rupees as do charges for every 7 days. Hidden charges are at higher end. Can anyone explain why it is high
Hi Pardeep, I’ve gained lot of knowledge and information through your articles. You are helping many like me and doin a great job. I’m a newbie looking for such an account from which I can buy/sell IPO’s, Mutual Funds, Equity and everything with less charges, quite good Platforms, fast and easy account opening, etc. Kindly suggest the best ones as I’m bit confused with it.
You can try Zerodha or Upstox
Sir I am new in this field.
I want to which one do more better .
Either zerodha or upstox.
I would suggest that you try Zerodha
What is the credibility of SMC global securities for trading
Hello Pradeep,
I am new in trading and need your guidance. I want to start investing small amount of money for learning and experimenting what you suggest for that?
Rakesh Singh
I would suggest that you read this article :
I am very new to share market,
I know nothing about market,
But I have some money & want to invest it in market for long time.
Kindly advise which platform is better to invest in share market.
Already my SIP’s are going on.
I would suggest that you open an account with Zerodha or Upstox
Hello sir,
Sir i am Student want to open demat account for interaday and delivery trading please suggest me where should i open account with the lowest charges
Zerodha or Upstox
sir, ZERODHA is not NSDL , is CDSL , but i want to open my account under NSDL supported ?
help me which brokerages should is go ?
Why do you want NSDL ? It does not make any difference
Informative ranking and list, Pradeep!
1. I can’t see Geojit in your list. What’s your opinion of Geojit? (We have been using Geojit for my son’s and daughter’s portfolios since mid-2018, and found it to be good overall)
2. Also what’s your view on ETmoney app? Direct funds at zero fees
3. One more pls. What’s your view on Integrated Enterprises’ demat-cum-trading services? (My first demat provider back in 2000)
Thanks
RB Agarwal
I want to do more of intraday trading. need peace of mind i.e. simple procedures, simple brokerage to understand; with good advice.
Also i am not in India, can i still continue.
pls suggest.
I am indian but outside of india want to open demat & trading account. I am new in share market. which is best for me & i want to do online.
You can open an account with Zerodha or Upstox. For opening account online, your AADHAR needs to be linked to your mobile phone.
Dear Pardeep,
Please Suggest me that I want to do overseas trading, which one will be good? will wait for your reply?
Thanks
Do you mean you want to trade in non-Indian markets?
I have trade using icici 3 in 1 a/c. I have a number of shares in the demat ac. I wish to open an account with either Zerodha or Upstox, can I transfer all my existing shares to either Zerodha or Upstox account. This is in view of the higher brokerage charge that I am paying.
Please advise
Yes you can. You will need to submit Delivery Instruction Slip (DIS) with ICICI to transfer your shares to new broker. ICICI can provide you with the DIS.
Hi Sir, I don’t know much about investing but I want to give it a try. So with which bank or company, should I open an account that is both viable and trustworthy in long run ?
Hi,
I have HDFC Term Policy and HDFC Health policy.
I am thinking of creating HDFC 3 in 1 account so that i can move my Motilal Oswald Demat account into HDFC, so that i have Insurance+Medical+Stocks all in one.
Whats your say?
Thanks
If you are a regular trader or investor, go for a discount broker like Zerodha. If you only do a few transactions, then you can go for HDFC 3 in 1.
I want to invest into index fund like sip.. Every month 10k amount.. Please help me with account which one is best for my type investment.
Vikram… I would suggest you to go for Zerodha as they allow direct mutual funds investment. you can save some money.
Hi Pardeep
I have same question… But I am new to all dis .. Don’t know ABC of trading.. I have Salary a/c in Kotak.. What do you suggest?? Shall I link Trading ac with my Salary ac?? Hows Kotak anyways..
Thanks in advance
Nupur
You can link any bank account with your trading account, including salary account. For trading A/c, I would suggest that you would go with one of the discount brokers like Zerodha