Five Platforms For Opening DEMAT Account In India With Lowest Brokerage

The Buyt Desk

It is imperative to choose the right platform for Demat account opening. Because, with the wrong service provider, you might lose lots of your money in brokerage.

In the last few years, many depositories have come into the market offering stock trading service at flat rates. Some companies also waive off fees for account opening besides offering some additional perks.

Based on services depositories offer to customers, the market has divided them into two categories: discount brokers and full-service brokers. The discount brokers aim at improvising trading platforms, while full-service focus on improving customer service.

The discount service brokers might not offer round the clock customer service, but they let you save a lot on brokerage.

Best Platforms For Opening Demat Account Companies

Zerodha Demat Account – Zerodha is one of the largest and most popular discount brokers in India. The platform has gained trust of over 30 Lakh people by offering unbeatable service and rates.

Zerodha Charges

• Rs 20 per trade on intraday trades.

• Zero brokerage on delivery of stock.

• Annual maintenance charges Rs 300/Year.

• Equity delivery no brokerage.

• Equity intraday – 0.03% or Rs 20 whichever is lower per executed order.

• Equity options – Rs 20 flat on executed orders.

Upstox Demat and Trading Account

• Free brokerage credit of Rs 1000.

• Rs for equity delivery every trade.

• Stock delivery brokerage zero.

• Annual maintenance charge Rs 25/month.

• Equity delivery – No brokerage.

• Equity intraday – 0.05% or Rs 20 whichever is lower per executed order.

• Equity options – Rs 20 whichever per executed order.

• Equity Futures – 0.05% or Rs 20 whichever is lower per executed order.

• Currency Futures and Options – 0.05% or Rs 20 whichever is lower per executed order.

• Commodity F&O – 0.05% or Rs 20 whichever is lower per executed order.

Paytm Money Demat Account

• Delivery Trades – Rs 0.01 (1 paisa/order)

• F&O Trades – 0.02 or Rs 10 whichever is lower.

• Annual platform fee – Rs 300.

• KYC Charge – Rs 200. It is one time.

• Charge of call and Trade order – Rs 300/executed order.

• Charges of payment gateway – UPI Rs.0 and Netbanking Rs 10.

• No delivery charges.

5Paisa Demat Account

It is also one of the most trusted trading platforms. It offers two add-on packs.

Research and idea pack – Rs 499/month. Brokerage Rs 20/trade and AMC Rs 45/month.

Ultra Trader pack – Rs 999/month. Brokerage Rs 10/trade and no AMC charge.

• Lowest charge for brokerage Rs 10/trade.

• On delivery zero brokerage.

• Account opening charge is zero.

• For all trading segment, the charges of research and idea pack is Rs 20 per executed order and for Ultra trader pack is Rs 10 per executed order.

• First 100 trade is free in the ultra trader pack for all traders every month. From 101st trade, the charge is Rs 10/executed order.

IIFL Demat Account

It is a full-service stockbroker and has a credible name in the market.

• The account opening charge is free.

• AMC is Rs 250 from second year.

• Free stock delivery.

• The intraday and future & options Rs 20/trade.

• Provide a research report on 500 stocks, daily stock tips, sector summary and recommendations.

• Mutual fund and IPO investment.