Demat and Trading accounts are
vital for carrying out buying and selling of stocks, shares, and securities.
Some stockbrokers provide free demat and
trading account for their clients. However, we need to choose out of so
many options. It is needless to mention that not every stockbroker will provide
the same service with similar advantages.
Demat service providers can be
distinguished on two grounds - discount brokers and full-service brokers.
Discount brokers will lend you the platform so that you can carry out your
share trading. Whereas, full-service brokers will provide you with data,
analytics, tips on trading, research, and more. These services are in addition to
providing you with a platform for share trading.
Let us now go through 15 best
Demat & Trading Accounts in India -
1.
LKP
Securities - LKP is designed to serve all your financial investment
requirements. Their internet-based Demat services are based on well-founded
research and market analysis. LKP has successfully handled major portfolios
with utmost professionalism over the years. Integrity and honesty are some of
the crucial factors for why people choose LKP securities.
Moreover, they provide the following
services -
a) Debt
and money market broking
b) Category
1 merchant banking
c) Margin
funding and loans against shares
d) Mergers
& Acquisitions
e) Mutual
Fund Distributors who are AMFI registered
f) IPO
distribution
g) Life
insurance distribution
LKP provides the fastest, safest,
and most reliable demat account services online across this country. Let’s take
a look at their brokerage fees -
1. Equity
Intraday Trading at 0.01% – 0.05%
2. Commodity
Options Trading at Rs. 50 per lot
3. Equity
Futures Trading at 0.01% – 0.05%
4. Equity
Delivery Trading at 0.1% – 0.5%
5. Equity
Options Trading at Rs. 50 per Lot both side
6. Currency
Futures Trading at Rs.30 per Lot
7. Minimum
Brokerage is always customizable
8. Currency
Options Trading is Rs.30 per lot
9. Trading
A/C AMC Charges is free
10. Demat A/C AMC Charges is Rs 250 per annum
11. Margin
Money Minimum is Rs. 5,000
2. 1. Zerodha
Zerodha is known for its discount
brokerage services across India and it will be evident from their 9 lakh client
base. Zerodha’s trading is so voluminous that it accounts for 10% of total
trading across BSE, NSE, and MCX.
Zerodha does not have any minimum
brokerage fees. However, they do charge Rs.20 or 0.01% (whichever is lower) for
every work executed by them. This seems to be the case across all segments for
all intraday exchanges.
3. 2. Angel
Broking Demat and Trading Account
If they are the third on this
list, undoubtedly they are one of the best in the market. Angel is a known
member at NSE, BSE, NCDEX, and MCX. Do you know the best part about Angel
broking? Best customer care.
Moreover, they are a registered
depository participant with CSDL. They
are also known for their wealth management, investment advisories, and
portfolio management.
4. 3. IIFL Demat
and Trading Account
India Infoline provides India’s
best online platforms for trading. They are known to provide services in both
the domains i.e., CDSL and NSDL. The best part about India Infoline is that its
user interface is too smooth.
Moreover, its exclusive research
on 500+ stocks is truly incredible.
5. 4. Kotak
Securities
Kotak Mahindra Bank has come up
with a 3-in-1 stop for all financial requirements. They are providing their
customers with a bank account that is directly connected with their Demat and
Trading accounts. Moreover, they are a depository participant with both CDSL
and NSDL at the same time.
Get alerts straight in your
phones through SMS all day long. Additionally, one can place orders even after
market hours.
6. 5. Upstox
It is one of the most valued
discount brokers. You are privy to analysis, trading, and charts right from
their website. With their easy and mobile and website handling you can trade
easily. Upstox has one of the best demat
account for trading across this country because of its swift website
trading system.
7. 6. Religare
Demat Account
With its presence over 500+
cities, Religare has taken investments and financials to some other level. They
have links to all the prominent stock exchanges like the BSE, MCX, NCDEX, and
NSE. With a mobile trading app and a website, you can easily access your
portfolio.
8. 7. Karvy
Karvy Group is a leading
financial services company across India. Customized reporting to individuals,
corporates, and institutions is their key takeaways.
Moreover, their trending trade
analysis is always beneficial for young investors.
9. 8. ShareKhan
Demat
One of the older players in the
market is perhaps the 3rd largest stock brokers in India. Sharekhan offers
online as well as offline services. Websites, branches, and franchises - no
matter where you go satisfaction is guaranteed.
However, they are registered with
BSE and NSE only with CDSL and NDSL as key depositories.
10 9. Motilal
Oswal Demat Account
Motilal Oswal is perhaps someone
people look up to when they enter the share market. MO’s have the lowest demat account charges across all
major segments. Moreover, the name is a brand in itself.
With a dedicated research team,
Motilal Oswal believes in analytics and strong research.
9. Aditya Birla
Money Demat Account
You get to deal with equity and
derivatives at NSE or BSE with this Birla group while dealing with currency
derivatives with MCX-SX. They charge you about Rs.750 for opening your Demat
account with them. However, there are zero trading charges.
12 10. ICICI Direct
Demat and Trading Account
Undoubtedly, one of the better
3-in-1 service providers in this country after Kotak Mahindra in terms of
ranking. Otherwise, ICICI bank provides solid service to every one of its
members.
ICICI direct platform holds about
20 lakh clients involved in online trading and investments.
13 11. Axis Direct Demat Account
They are perhaps the third
largest growing 3-in-1 service providers. There is hardly anything better than
having a one-stop-shop solution to everything. You can choose to invest in a
variety of securities including but not limited to ETFs, NCDs, Bonds, IPOs,
SIPs, mutual funds, and equities.
14 12. SBI cap
Securities Demat Account
The best part about the SBI cap
is that resident Indians and NRIs can partake equally and it makes this strong.
Transfer bank funds to trading account to buy shares easily. SBI cap is perhaps
one of the most trusted Demat Accounts across India.
15 13. HDFC
Securities Demat Account
Again, HDFC has grown manifold in
this country from so many angles. However, their securities account is by far
the most promising service of all time. They not only provide zero brokerage demat account but other
services like seamless connectivity and instant email verifications about your
purchases.
1. 14. SBI cap
Securities Demat Account
The best part about the SBI cap
is that resident Indians and NRIs can partake equally and it makes this strong.
Transfer bank funds to trading account to buy shares easily. SBI cap is perhaps
one of the most trusted Demat Accounts across India.
2. 15. HDFC
Securities Demat Account
Again, HDFC has grown manifold in
this country from so many angles. However, their securities account is by far
the most promising service of all time. They not only provide zero brokerage demat account but other
services like seamless connectivity and instant email verifications about your
purchases.