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{"id":2488,"date":"2023-03-01T06:53:32","date_gmt":"2023-03-01T01:23:32","guid":{"rendered":"https:\/\/investdunia.com\/?p=2488"},"modified":"2023-03-01T07:15:33","modified_gmt":"2023-03-01T01:45:33","slug":"15-best-demat-and-trading-account-in-india","status":"publish","type":"post","link":"https:\/\/investdunia.com\/15-best-demat-and-trading-account-in-india\/","title":{"rendered":"15 Best Demat and Trading Account in India 2023"},"content":{"rendered":"\n

Do you want to start investing in the stock market? The first step for investing in a stock market is opening a Demat and Trading account. Read the full list of Demat and Trading Account service providers and choose the best Demat and trading account in India which serves your requirement. If you have decided to invest in stocks and kind of confused what to do, I am sure the article ‘Step by Step Guide on How to Start Investing in Stock Market in India<\/a>’ will help you in a big way.<\/p>\n\n\n\n

There are two types of Demat service providers, one is full-service brokers and another is discount brokers. The brokers which provide you the share tips, research reports etc. with the trading platform is called as full-service brokers. ICICI Direct, Axis Direct, SBI Cap Securities are some of the full-service brokers. The brokers which provide only trading platform is called as discount brokers. The examples of discount brokers are Zerodha, Upstox etc. Know all the differences between full-service brokers and discount brokers<\/a>.<\/p>\n\n\n\n

What is Demat and Trading Account?<\/strong><\/h3>\n\n\n\n

A Demat account is an account where shares and securities are held electronically and investors may not have the possession of physical certificates. It minimizes the risk of mishandling, theft etc. A Demat account has annual maintenance charges for storing the shares and securities.<\/p>\n\n\n\n

A trading account is an account by which you can trade stocks in the stock market. This is linked to the Demat account. The brokerage charge is applicable for buying and selling the shares.<\/p>\n\n\n\n

Also Read:<\/strong><\/em> How to Invest in US Stocks from India<\/a><\/p>\n\n\n\n

What are the factors to be considered while opening a Demat account<\/strong>?<\/h3>\n\n\n\n
1. Trading Platform<\/h5>\n\n\n\n

The trading platform is the most important thing to consider for every investor. The technology is fast changing and the platform should be upgraded time to time to make it fast. The user interface should be easy to use. The trading platform should be present on desktop, Web and mobile or app version so that you can use it anytime according to your convenience.<\/p>\n\n\n\n

2. Customer Support<\/h5>\n\n\n\n

Customer support is an important factor to consider. Many Demat service providers have poor customer service which can lead to late fixation of the problem and you can miss an opportunity in investing.<\/p>\n\n\n\n

3. Brokerage<\/h5>\n\n\n\n

Brokerage is the commission of trading account Service provider for buying and selling of shares. It depends on the traded value; the more you trade the brokerage is more. Some brokers charge a flat fee on unlimited trading.<\/p>\n\n\n\n

4. Annual Maintenance Charge (AMC)<\/h5>\n\n\n\n

Annual Maintenance Charge (AMC) is taken by brokers for the Demat account. The AMC varies from Rs 300 to Rs 1500 depending on the service providers. Many brokers take account opening charges also.<\/p>\n\n\n\n

5. Transparency\/ Reliability<\/h5>\n\n\n\n

The service providers should be transparent in charging the customers and handling the securities. The periodical statement to customers stating the traded and holding securities will obviously boost the investor’s confidence in service providers.<\/p>\n\n\n\n

Considering the above factors, here is the detailed review and comparison of 15 best Demat and Trading Account <\/strong>in India 2020.<\/h6>\n\n\n\n
    \n
  1. Zerodha<\/li>\n\n\n\n
  2. Angel Broking Demat and Trading Account<\/li>\n\n\n\n
  3. IIFL Demat and Trading Account<\/li>\n\n\n\n
  4. Kotak Securities Demat and Trading Account<\/li>\n\n\n\n
  5. Upstox Demat Account<\/li>\n\n\n\n
  6. Religare Demat Account<\/li>\n\n\n\n
  7. Choice Demat Account<\/li>\n\n\n\n
  8. Sharekhan Demat and Trading Account<\/li>\n\n\n\n
  9. Motilal Oswal Demat Account<\/li>\n\n\n\n
  10. Aditya Birla Money Demat Account<\/li>\n\n\n\n
  11. ICICI Direct Demat and Trading Account<\/li>\n\n\n\n
  12. Axis Direct Demat account<\/li>\n\n\n\n
  13. SBICAP Securities Demat Account<\/li>\n\n\n\n
  14. HDFC Securities Demat Account<\/li>\n\n\n\n
  15. Yes Securities Demat Account<\/li>\n<\/ol>\n\n\n\n

    Best Demat account in India for Beginners<\/h3>\n\n\n\n

    #1. Zerodha<\/h4>\n\n\n
    \n
    \"Zerodha<\/figure><\/div>\n\n\n

    Zerodha is one of the first brokers in India who has started the discount brokerage service. Now it is the largest broker in India. Zerodha has now 17 lakh+ active clients which contributes more than15% of daily retail trading volume across NSE, BSE, MCX.<\/p>\n\n\n\n

    Zerodha offers trading services in stocks, futures and options in equity, commodity and currency derivatives.<\/p>\n\n\n\n

    The brokerage of Zerodha is very small. There is no minimum brokerage charge per trade. The brokerage rate is Rs 20 or 0.01% whichever is lower<\/em><\/strong> per executed order on intraday trades across all segments on all exchanges. There is no brokerage<\/em><\/strong> on all your equity delivery investments across the exchanges. You can calculate Zerodha brokerage<\/a> for different trades across the segments.<\/p>\n\n\n\n

    As it is a discount brokerage firm it does not give any research report or recommendation call to its customers. Zerodha has great content in the form of Zerodha Varsity<\/a> which covers all the fundamental and technical analysis. It is extremely useful to the new entrants to the stock market.<\/p>\n\n\n\n

    Features & Benefits:<\/h5>\n\n\n\n