10 Best Demat & Trading

Account In India (2021)

Compare All Stock Brokers and Select The Best For You.

Special Offer! Open Upstox Free Demat Account Now!

Our Top Picked Demat Accounts

Opening the Best Demat & Trading Account is the first important step towards your trading or investment journey. It helps to store shares digitally and trade easily, whether you are a day trader, a long-term investor or, a beginner in the stock market.

Here is the comparison of all stockbrokers with a brief review that make it easy for you to choose the best Demat & Trading account quickly.

#1 Zerodha

Opening Charges

₹300

Annual Maintenance

₹300

Intraday Brakerage

₹20

Equity Delivery Brokerage

₹0

Rating

Open Now

Review

#2 Upstox

Opening Charges

₹0

Annual Maintenance

₹300

Intraday Brakerage

₹20

Equity Delivery Brokerage

₹0

Rating

Open Now

Review

#3 Angel Broking

Opening Charges

₹0

Annual Maintenance

₹450

Intraday Brakerage

₹20

Equity Delivery Brokerage

₹0

Rating

Open Now

Review

#4 IIFL

Opening Charges

₹250

Annual Maintenance

₹250

Intraday Brakerage

₹20

Equity Delivery Brokerage

₹0

Rating

Open Now

Review

#5 Motilal Oswal

Opening Charges

₹0

Annual Maintenance

₹400

Intraday Brakerage

0.05%

Equity Delivery Brokerage

0.50%

Rating

Open Now

Review

#6 5Paisa

Opening Charges

₹0

Annual Maintenance

₹540

Intraday Brakerage

₹20

Equity Delivery Brokerage

₹20

Rating

Open Now

Review

#7 Sharekhan

Opening Charges

₹0

Annual Maintenance

₹400

Intraday Brakerage

0.10%

Equity Delivery Brokerage

0.50%

Rating

Open Now

Review

#8 HDFC Securities

Opening Charges

₹999

Annual Maintenance

₹750

Intraday Brakerage

0.05%

Equity Delivery Brokerage

0.50%

Rating

Open Now

Review

#9 Kotak Securities

Opening Charges

₹750

Annual Maintenance

₹600

Intraday Brakerage

0.049%

Equity Delivery Brokerage

0.49%

Rating

Open Now

Review

#10 ICICI Direct

Opening Charges

₹975

Annual Maintenance

₹500

Intraday Brakerage

0.275%

Equity Delivery Brokerage

0.55%

Rating

Open Now

Review

Why Selecting The Right Demat is Important?

Suppose you have opened a savings account and you later know that bank charges are high, customer support is not good, as well as daily transaction limits are low. Then you will have a lot of trouble because the account which used to make banking easy for you has now become a problem in itself.

That's why if you have not chosen the right stockbroker the same situation will happen with your demat account, and it can affect your investment journey quite badly.

How to Find The Best Demat & Trading

Account In India

Finding the best demat account service provider in India is not a difficult task but you have to understand the basic things to compare them. Based on these 6 factors, you can identify the be stockbroker.

1. Technical Analysis Tools

2. Brokerage Charges

3. Customer Support

4. Margin & Leverage

5. Fund Transaction

6. And Other Features

#1 Zerodha Demat Account

(Best Discount Broker)

Zerodha is the biggest stock broker in India with a 3 million+ user base and it also has the best customer support & technical tools.

Zerodha charges (lower brokerage fees) 0.03% or ₹20 per trade in Intraday and F&O (whichever is low), and the equity delivery is totally free. You can start an account only with ₹300 rupees and save more than 80% of your time & money with the Zerodha demat account as compared to other brokers.

The best thing about Zerodha its user-friendly apps that are very fast and super easy to understand the market terms. It allows you to trade in -

Equity Stock
Future & Options
Mutual Funds/ETF
Bond & Securities
Currency and
Commodities.

Also with Console App, you can simply apply for IPO's in just 2 minutes and with the Coin App, you can go for a Systematic Investment Plan (SIP) for mutual fund investments.

We strongly recommend that if you are going to open a demat account then go with Zerodha because that provides you the actual value. ()

#2 Upstox Demat Account

(Free Demat Account)

Upstox provides you a Free demat account with a ₹300 annual maintenance fee. Upstox also offers ₹4000 worth of benefits and 30 days unlimited brokerage, which means you don't need to pay any brokerage charges for the next 30 days from the opening of the trading account.

After this Upstox charges a flat ₹20 for every trade but the good thing is that equity delivery is also free. The best part of Upstox is that their fast account opening process, advanced trading platforms, and low brokerage charges. In this demat account, you will get two different leverage plans based on your need -

1. Priority Plan: Where you can talk up to 27x leverage with ₹30 Per Trade.

2. Basic Plan: Talk up to 20x leverage with ₹20 Per Trade.

#3 Angel Broking Account

(Best Full Service Broker)

Angel Broking was started in 1987.and they have 1 Million+ Client, 11000+ Authorised Persons, and 4 Million+ App Downloads.

Angel Broking offers you a free demat account with free AMC for the first year, also brokerage charges are flat ₹20 and ₹0 on equity delivery. It's a full-service broker that allows you to trade in all kinds of stuff with their strong technical tools & customer support. Also, they provide high leverage up to 48x and loans against shares.

Angel Broking helps a lot of stock market beginners with its research, tips, market analysis. In my opinion, it's good for those people who want to invest or trade through expert guidance.

#4 IIFL Demat Account

IIFL (India Infoline) is the top full-service broker in India. They have around 4 lacs customers, 25 years of trust, and the highest rating apps.

The opening cost of the IIFL Demat Account is ₹250 and annual maintenance is also free for one year. The brokerage charges are low (similar to discount broker) like you can pay only ₹20 per trade in Intraday & F&O, and the delivery charges are ₹0.

Through IIFL you can trade in -

IPO's
Equity
Derivatives
Commodities
Mutual Fund
Currency Trading

Extra benefits of this account are customized portfolio management services, Market Research, Analytics, Tips, and a flexible trading platform.

#5 Motilal Oswal Account

Motilal Oswal is the oldest full-service broker offering his services since 1987. This company has almost 5 lakh customers and more than 30 years of experience in stock market research & advisory.

You can open a free demat & trading account with Motilal Oswal, and the 1st year demat maintenance charges are also zero for everyone. As well as if you go with ₹3000 plan or ₹25,000 margins you will get -

> Zero AMC For Life Time

> 3K Worth Discount Coupons &

> Digital Gold worth ₹1,000

Talk about their technology, it is (average) not worth comparing with the top discount brokers and the charges are high, so if you are a beginner or new in the market then don't go with this demat account because that is only for experienced investors or traders.

#6 5Paisa Demat Account

5Paisa has 1M customers in the last 4 years and provides you the lowest brokerage charges in India up to ₹10 per trade with an Ultra Trader Pack of ₹999 per month. Without this pack, the brokerage charges are flat at ₹20 per trade, and the delivery fee is also the same.

You can open a 5Paisa demat account absolutely free with ₹45 monthly demat maintenance charges. The account Opening process is super fast & 100% paperless but the feature is not good -

> Average Mobile Trading App

> Average Research Tools

> Bad Customer Support

> Technical Issues

We don't recommend you to open a 5paisa account, but if you still want to go with it then here is the brokerage plan

1. Power Investor Pack: ₹499 Per Month.

2. Ultra Trader Pack: ₹999 Per Month

#7 Sharekhan Demat Account

Sharekhan was started in 2000 (21 years ago). As of today, it has network in 540+ cities with 3200 stock shops and provides its services to more than 6 lacs customers and that is the main reason, it's become one of the top 5 full-service brokers in India.

Sharekhan offers a free demat account with ₹0 maintenance charges for the 1st year However, you have to pay very high charges which is not good for you.

It is also a full-service broker (like Angel Broking) that allows you to trade in Equity, Mutual Funds, Commodity, Currency, IPO, Derivatives, and ETF. Also, Sharkhan gives you Market Research, Tips, Charts, Smart Tools, Stock Scanners, and Portfolio Management Services.

Taking about Sharekhan technology & tools (like TradeTiger App) it's good but if you are a newbie in the stock market then it's difficult to understand.

In short, we don't recommend you to go with Sharekhan Demat Account because of their high charges & average technology.

How Much Money You Can Save?

Charges are a big issue for a demat account and as you have seen, all the brokers have different types of charges structure, in which you have to pay brokerage, government fees, taxes, and etc.

The main question is How much money you will save by choosing the right Stock broker?

For instance -

Let's assume that you are an intraday trader and you have done ₹1 Cr. trading with 10 trades a month (both buy & sell). The below table shows you the comparison list of brokerage charges which you will pay to all these demat accounts for the next 1 year -

Brokerage Calculator

Stock Broker	Charges	Status
1. Zerodha	₹2400
2. Upstox	₹2400
3. Angel Broking	₹2400
4. IIFL	₹2400
5. 5Paisa	₹2400
6. Kotak Securities	₹58,800
7. Motilal Oswal	₹60,000
8. HDFC Securities	₹60,000
9. Sharekhan	₹1,20,000
10. ICICI Direct	₹3,30,000

Open Zerodha Demat Account and Get Best Features!

Click to Open!

Which Broker is Best

For You?

The answere is simple

1. Take top 3 best demat accounts.

2. Use all those accounts based on your requirement.

3. And Finally, select the one which you really like.

If you are thinking that process is very costly, then I have one more easy way to find the top stockbroker. In the below table, I have put the Best demat & trading account in different categories so that it will be easier for you.

Requirement	Demat
Best For Beginners	Zerodha
Best For IPO & Small Investors	Zerodha
Best For Intraday Trading	Zerodha
Best For Low Brokerage	5Paisa
Best For Free Demat Account	Upstox
Best For Long Term Investors	Angel Broking
Best For 3 in 1 Account	HDFC Securities

(Note - Zerodha is one of the best demat account ever)

Frequently Asked Questions

What is the Demat Account?

What is the Trading Account?

Why Demat & Trading Account is Important?

What is the meaning of 3 in 1 Account?

Can I open more than 1 demat account with the Same Broker?

What's Document Required to open demat account?

How to Open Demat & Trading Account?

What kind of trades I can do with demat account?

Is a Demat Account Safe?

Conclusion For You

In conclusion: This article "Best Demat & Trading Account In India" explained the pros & cons of all stock brokers with a whole comparison. Don't take much time for choosing a demat account because learning of the stock market is an unlimited goal.

If you still confused or have any queries and thoughts about this post then tell me in the comment box, we will solve them as soon as possible.

Finally I Hope you will do great in the market and also in the life.

Share The Page

About the Author

Hi! My name is Abhishek Vyas and I am the co-founder & senior editor of InvestoValue. I write about better investing and financial decision making to achieve financial freedom.