List of the Best Demat Account in India
Upstox
Zerodha
Paytm Money
INDMoney
ICICI Direct Demat Account
Angel Broking
5Paisa
Sharekhan
IIFL
Motilal Oswal
HDFC Securities
Kotak Securities
Religare
SBICAP Securities Demat Account
Axis Direct
SAS Online
Choice
Comparison of Top Demat Trading Accounts
Tool Name Best for Price Founded in Rating
Upstox Demat Account Saves you from high brokerage fees. ₹0 for trade in stocks, mutual funds and digital gold 2008 5/5
Zerodha Demat Account Market research tools Free equity delivery 2010 5/5
Paytm Money Cost savings and real-time market information 2.5% of turnover or Rs. 20 per executed order is charged, whichever is lower. For Futures and Options, up to Rs. 20 per executed order is charged. 2018 4.5/5
INDMoney Automatic management of investment portfolio 0.05% brokerage charge or up to Rs. 20 charged, whichever is lower. Rs. 20 per executed order charged for Futures and Options. 2019 4.5/5
ICICI Direct Demat Account Offering a 3-in-1 account Rs. 35 per order brokerage, Margin funding starts at 8.9% per annum 1995 5/5
Angel Broking Demat Account Portfolio management by experts. ₹0 brokerage on all segments 1996 4.8/5
5Paisa Demat Account Beginners ₹20 per order brokerage charges (Stocks, Commodities, Currencies) 2016 4.6/5
Sharekhan Demat Account Beginners as well as advanced traders 0.50% or 10 paise per share for equity delivery. 2000 4.6/5
Trading account reviews:
#1) Upstox
Best for saving you from high brokerage fees.
Upstox Demat Account
Upstox Demat Account lets you trade in shares, mutual funds, digital gold, futures and more, with the help of a digital account. The app also helps you make better decisions by providing you with information about the market through charts.
Top Features:
Paperless, digital Demat account.
Get live insights into the trade market.
One account to manage and monitor your stocks and mutual funds.
Easy way to open an account.
Lets you invest in digital gold.
Pros:
Zero commission investing.
Invest with as low as rupee1.
You can trade from anywhere.
Cons:
Some users complain about crashes of heavy market movements.
Why you want this app: Upstox is one of the safest trading apps. Zero commission trading is a big plus point of Upstox.
Android Ratings: 4.4/5 stars (2 Lakh ratings)
Android Downloads: 1 Crore +
iOS Ratings: 4.3/5 stars (8.9k ratings)
Price:
Zero commission for investing in stocks, mutual funds, and digital gold
0.05% or up to rupee20 for all Intraday & F&O, Currencies & Commodity Orders
Visit Upstox Website >>
#2) Zerodha
Best for market research tools.
2.Zerodha Demat Account
Zerodha is the best Demat account in India, having more than 5 million clients. It offers you a trading and Demat account, with market data and advanced charts to help you make wise investment decisions.
Top Features:
Market research data and advanced charts to help you in trading.
Zerodha Varsity mobile app helps you learn about trading.
Lets you build your own trading platform.
Coin by Zerodha app permits you to trade in mutual funds directly.
Pros:
High-quality market research tools.
You can build your own trading platform.
Open a free demat and trading account online with Zerodha.
Learning app
Why you want this app: Zerodha has all that you want in a Demat account. The market research tools are praiseworthy. A separate learning app is also useful.
Android Ratings: 4.2/5 stars (2 Lakh ratings)
Android Downloads: 50 Lakh +
iOS Ratings: 3.3/5 stars (1.7k ratings)
Price: No brokerage charges for equity delivery.
Zerodha Demat Account
Visit Zerodha Website >>
#3) Paytm Money
Best for Cost savings and real-time market information.
Paytm Money
Paytm Money makes it to my list because of its user-friendly design and price-alerting capabilities. The design is what helps the app simplify trading significantly. You can use the app to make informed investment decisions, thanks to the real-time market information you are constantly provided.
Features:
Real-time market data
Leverage SIP features to invest on a weekly or monthly basis
Get alerts when stocks cross a price.
Access to advanced charts and indicators.
Good Till Triggered Orders
Pros:
No charges to open a Demat Account
Real-time market information
No platform fees
Cons:
New users may find the tool confusing to use initially.
Why you want this app: Paytm Money shines as an app you can use to make informed investment decisions. It is practically free to use and ideal for those trading in stocks, mutual funds, and NPS Retirement Funds.
Best for: Real-time market insight
Android Ratings: 3.9/5
Android Downloads: 10 M +
iOS Ratings: 4.4/5
Price: No platform fees or charges for opening an account. 2.5% of turnover or Rs. 20 per executed order is charged, whichever is lower. For Futures and Options, up to Rs. 20 per executed order is charged.
Visit Paytm Money Website >>
#4) INDMoney
Best for Automatic management of investment portfolio.
indmoney
INDMoney excels at consolidating one’s investment portfolio and helping users manage their investments automatically from a single place. You can rely on the app to easily invest in the stock market, IPO, FD, and SIPs. You can also depend on INDMoney to invest in the US stock market directly from India.
Features:
Investment portfolio management
Mutual Fund investment
Manage family accounts
Financial Goals Calculator
Pros:
Simplified onboarding
Zero charges to open an account
Automate SIPs across 5000+ stocks and 160+ EFTs.
Track Demat Accounts at no cost
Cons:
The customer service could be faster in their response.
Why you want this app: INDMoney lets you set up a Demat, investment, and Zero AMC account for free. Plus, you can use the app to invest in both the Indian and US stock markets with ease.
Android Rating: 4.6/5
Android Downloads: 10 M+
iOS Rating: 4.7/5
Visit INDMoney Website >>
#5) ICICI Direct Demat Account
Best for offering a 3-in-1 account.
10.ICICI Direct Demat Account
ICICI Direct Demat Account is a digital platform that lets you invest in domestic as well as the global market. You can trade in equities, mutual funds, fractional shares, and much more.
Top Features:
Lets you trade in equities, mutual funds, currencies, IPOs, commodities, and more.
Get market insights and research reports.
Learning material.
Invest in fractional shares of the global market.
Get a 3-in-1 account: for banking, trading, and Demat account
Pros:
Fractional shares.
No minimum balance is required.
Invest in global shares.
Cons:
High brokerage charges for small investors.
Why you want this app: ICICI Direct Demat Account gives you market insights to help you in investing, lets you trade in fractional shares of the global market, and much more.
Android Ratings: 2.7/5 stars (25 Trillion ratings)
Android Downloads: 10 Lakh +
iOS Ratings: 1.8/5 stars (889 ratings)
Price:
Margin funding starts at 8.9% per annum.
rupee35 per order brokerage
Visit ICICI Direct Demat Account Website >>
#6) Angel Broking
Best for portfolio management by experts.
Angel Broking Demat Account
Angel Broking Demat Account was founded in 1987. It gives you the proper research tools for investing your valuable money. You can trade in equities, mutual funds, futures and options, currencies, commodities, and IPOs.
Top Features:
Gives you a wide range of trading options.
You do not need to give your details in each transaction.
100% online account opening process.
Available in English as well as in the Hindi language.
Get your portfolio managed by experts.
Get a readymade portfolio.
Pros:
Zero brokerage on all segments.
Free equity delivery trade for a lifetime.
Fractional investment.
Readymade curated portfolios.
No account management charges for the first year.
Cons:
The customer service is reported to be not up to the mark.
Why you want this app: Angel Broking Demat Account can be a good option for beginners who want their portfolio to be managed by experts. If you want to invest with a very small amount of money, you can invest in fractional shares.
Android Ratings: 4.2/5 stars (2 Lakh ratings)
Android Downloads: 1 Crore +
iOS Ratings: 3.5/5 stars (14k ratings)
Price:
Free equity delivery trades for a lifetime.
Flat rupee20 or 0.25% (whichever is lower), per executed order for Intraday, Futures & Options, Commodities & Currencies
Monthly Account Management Charges- rupee20 (Free for the first year)
Website: https://www.angelbroking.com/open-demat-account
#7) 5Paisa
Best for beginners.
5Paisa Demat Account
5Paisa Demat Account can be termed as the best Demat account because of the features that it offers to its users. It gives you several trading options, market research tools, learning tools, portfolio analysis tools, and much more.
Top Features:
Lets you trade in mutual funds, gold, commodities, US stocks, and more.
Market research tools.
Portfolio analysis tools
Learning about the market through simplified courses.
Lets you open a joint Demat account with three members.
Pros:
No commission on mutual funds’ investments.
Learning tools
Market research
Portfolio analysis tools
Cons:
Server issues in peak hours of trading.
Trading through calling is costly.
Why you want this app: 5Paisa Demat Account can be an excellent choice for anyone who wants a variety of options to trade-in. Market research tools and portfolio analysis features are the main attractions.
Android Ratings: 4.2/5 stars (2 Lakh ratings)
Android Downloads: 50 Lakh +
iOS Ratings: 4/5 stars (10.5k ratings)
Price:
rupee20 per order brokerage charges (Stocks, Commodities, Currencies).
rupee0 commission on mutual funds.
The Power Investor pack is priced at rupee499 per month.
The Ultra Trader package is priced at rupee999 per month.
Website: https://www.5paisa.com/open-demat-account
#8) Sharekhan Demat Account
Best for beginners as well as advanced traders.
Sharekhan Demat Account
Sharekhan Demat Account is an all-in-one trading platform that has tools for learning, portfolio management, market research, and much more.
Top Features:
Audios and videos for understanding market trends.
Market forecasts by experts.
Learning tools.
Portfolio management services.
Lets you trade in stocks, bonds, mutual funds, ETFs, forex, futures, and options.
Pros:
Notifies you about the prices of your favorite stocks.
24/7 Customer Service.
No minimum deposit is required.
Portfolio rebalancing by experts.
Cons:
Time taking account opening process
Why you want this app: If you want the best trading account, Sharekhan can be a very valuable option. It lets you trade in stocks, bonds, mutual funds, and much more. You can also get your portfolio managed and rebalanced by experts.
Android Ratings: 3.8/5 stars (53 Trillion ratings)
Android Downloads: 10 Lakh +
iOS Ratings: 2.8/5 stars (2.4k ratings)
Price:
Annual maintenance charges for the Demat Account is rupee400. (Free for the first year)
The brokerage charges are:
3 paise per 100 paise for each intraday transaction.
30 paise per 100 paise for delivery.
Website: https://www.sharekhan.com/
#9) IIFL Demat Account
Best for affordable trading.
IIFL Demat Account
IIFL Demat Account has been there in the industry for 25 years. It lets you open a Demat account for free and gives you market analysis tools so that you can invest when you are well aware of the market trends.
Top Features:
In-depth market research.
Portfolio management.
Trade in equities, currencies, IPOs, mutual funds, commodities, and more.
Price alerts, trading tips, market news, and more, available on your mobile app
Pros:
rupee0 delivery brokerage for a lifetime.
Portfolio management.
Price alerts
Research and analysis tools.
Cons:
Brokerage charges are reported to be higher as compared to others.
Why you want this app: IIFL Demat Account has some likable features to offer to its users. Price alerts and portfolio analysis tools can be very beneficial.
Android Ratings: 4.1/5 stars (78 Trillion ratings)
Android Downloads: 50 Lakh +
iOS Ratings: 4.1/5 (3.4k ratings)
Price:
rupee20 per order for Intraday, F&O, Currency, and commodity.
rupee450 per annum account maintenance charges (Free for the first year)
rupee295 account opening fee.
rupee0 delivery brokerage for a lifetime.
Website: https://www.indiainfoline.com/open-demat-account
#10) Motilal Oswal Demat Account
Best for market analysis reports.
Motilal Oswal Demat Account
Motilal Oswal is a trading app for investors and traders, which has 20+ years of experience in the trading and investment industry. Their market analysis reports have been the talk of the town for some time.
Top Features:
Personal advisor.
A wide variety of assets to invest in.
Easy account opening process.
Lets you invest with a single click.
Market analysis reports.
Pros:
rupee0 account management charges
No minimum balance required
Free Advisor
Cons:
Brokerage charges are a bit high as compared to the alternatives.
Why you want this app: They offer you a wide range of investment options and high-class market advisory so that you can make maximum profits.
Android Ratings: 3.6/5 stars (43 Trillion ratings)
Android Downloads: 10 Lakh +
iOS Ratings: 3.6/5 stars (1.7k ratings)
Price:
rupee0 Account management charges
Contact directly for brokerage charges.
Website: https://www.motilaloswal.com/open-demat-account
#11) HDFC Securities Demat Account
Best for an offline advisory feature.
8.HDFC Securities Demat Account
HDFC Securities Demat Account is a 20-year-old trading services provider which lets you trade digitally, thus saving you from the time-consuming and exhausting paperwork.
Top Features:
Margin trading.
Market research tools.
Trade-in currencies, commodities, IPOs, shares, mutual funds, and more.
Global investment options.
Place orders on call.
Pros:
24/7 customer service
U.S. stocks to invest in
Market research tools
Portfolio tracking features
Cons:
High Demat Account management charges as compared to the alternatives.
No commodity trading.
Why you want this app: HDFC Securities Demat Account is an all-in-one solution for your trading requirements. You can trade in Indian as well as global stocks, get 24/7 customer assistance, and much more.
Android Ratings: 4.3/5 stars (79 Trillion ratings)
Android Downloads: 10 Lakh +
iOS Ratings: 3.7/5 stars (3.7k ratings)
Price: Price plans range from rupee1500 per year to rupee1,00,000 per year.
HDFC Securities Demat Account
Website: https://www.hdfcsec.com/
#12) Kotak Securities Demat Account
Best for building a low-cost portfolio.
9.Kotak Securities Demat Account
Kotak Securities Demat Account has over 20 million customers. It gives you a 3-in-1 account, market analysis tools and gives tips for better trading.
Top Features:
Market analysis and recommendations.
One account is linked to your Savings, Trading, and Demat accounts.
Margin trading facility.
Invest in small caps and build a low-cost portfolio.
Pros:
Market analysis
3-in-1 account
Beneficial for small investors
Global Investment
Cons:
Brokerage charges are high.
Why you want this app: Kotak Securities can be an acceptable option for those who want to invest with a low amount of money or those who are beginners, because of the learning resources and option to invest in smallcases.
Android Ratings: 4.1/5 stars (2 Trillion ratings)
Android Downloads: 1 Lakh +
iOS Ratings: 2.5/5 stars (1.2k ratings)
Price:
rupee0 brokerage on Intraday trades
rupee20 per order for carrying forward F&O trades
0.25% charges for equity and commodity delivery
Website: https://www.kotaksecurities.com/ksweb/account-types/demat-account
#13) Religare Demat Account
Best for advanced traders.
11.Religare Demat Account
Religare Demat Account services started in 1982. Religare has 500 branches in different cities. They offer online trading in equities, currencies, commodities, and more.
Top Features:
Margin facility
Get market news, research and analysis tools.
Trade in equities, mutual funds, currencies, commodities, IPOs, and more.
2-in1 online trading and Demat account.
Pros:
Pay rupee2500 once and get lifetime free account maintenance.
Research and analytics.
Cons:
No 24/7 customer support.
Why you want this app: Religare is a well-established and trusted name in the industry, which offers trading with market research tools, market news, and much more.
Android Ratings: 3.9/5 stars (21 Trillion ratings)
Android Downloads: 1 Lakh +
iOS Ratings: 3.9/5 stars (790 ratings)
Price:
rupee400 per annum account management charges (free for the first year)
Contact us directly for other prices.
Website: https://www.kotaksecurities.com/ksweb/account-types/demat-account
#14) SBICAP Securities Demat Account
Best for trading tips.
12.SBICAP Securities Demat Account
SBICAP Securities Demat Account is a web and mobile-based trading platform which offers you learning resources and lets you get help through market analysis tools so that you can make wise decisions about investing.
Top Features:
Educational resources.
Market analysis tools.
Trade-in equities, currencies, and more.
Tips for trading in stocks.
A dedicated relationship manager.
Pros:
Educational resources
Market Analytics
Trading tips
Dedicated relationship manager
Cons:
rupee850 account opening charges
Why you want this app: SBICAP Securities Demat Account is a part of the well-reputed and trusted SBI group. Their educational resources, market analytics, and trading tips are worthy of terming the app as the best Demat account India has.
Android Ratings: 2.7/5 stars (10 Trillion ratings)
Android Downloads: 5 Lakh +
iOS Ratings: 2.1/5 stars (640 ratings)
Price: Contact directly for prices.
Website: https://www.sbismart.com/
#15) Axis Direct Demat Account
Best for beginners who want to learn the basics of trading.
13.Axis Direct Demat Account
Axis Direct Demat Account is trusted by over 2 million customers. They offer you several investment opportunities with efficient market research tools to assist you while investing.
Top Features:
3-in-1 account for banking, trading, and Demat.
Trading guidance through research experts.
Lets you trade in equities, mutual funds, bonds, derivatives, ETFs, and more.
Educational Resources in the form of webinars, online tutorials, and articles by experts.
Pros:
rupee0 account maintenance charges for the first year.
Market research was done by experts, available for free.
Educational resources for beginners.
Cons:
Very high account management charges for non – Axis Bank customers.
Why you want this app: The 3-in-1 account offered by Axis Direct offers free market analytics reports by experts and provides learning resources for beginners.
Android Ratings: 3.1/5 stars (25 Trillion ratings)
Android Downloads: 10 Lakh +
iOS Ratings: 2.7/5 stars (1.1k ratings)
Price:
Account maintenance charges for Axis bank customers: rupee750 per year (Free for the first year)
Account maintenance charges for non- Axis Bank Customers: rupee2500 per annum
rupee20 per executed order brokerage fee
Website: https://digitalaccount.axisdirect.in/register
#16) SAS Online
Best for active traders.
14.SAS Online
SAS Online is a trading platform, which gives you a powerful app that lets you buy or sell instantly and thus grab maximum profits during market fluctuations.
Top Features:
300+ stocks are available for trading.
Lets you buy delivery of up to 4 times your order value.
Gives you the latest market news and updates.
Lets you buy or sell instantly.
Pros:
Saves trading costs.
Market scanners and expert advisors.
Instant trading.
Cons:
No commodity trading.
Customer support is available through email only.
Why you want this app: SAS Online can be a likable option for active traders. It offers you affordable trading options and some very cool features.
Android Ratings: 3.1/5 stars (2 Trillion ratings)
Android Downloads: 50 Trillion +
iOS rating: 1.8 (57 ratings)
Price:
rupee9 per trade or rupee999 per month
Demat account management charges- rupee200 per annum (+GST)
rupee200 account opening charges.
Website: https://digitalaccount.axisdirect.in/register
#17) Choice
Best for Low Brokerage and DP Charges.
Choice Logo
Choice is a fantastic cross-platform app that allows you to open a Demat account for free with absolutely no annual charges. Opening a Demat account takes less than 5 minutes with this platform. Moreover, brokerage charges can go as low as 2 paisa. Choice charges brokerage on a percentage basis on Intraday, Delivery and Futures.
On the other hand, brokerage for Options is calculated by taking a flat fee into consideration.
Top Features:
Paperless Digital Demat Account
Free AMC for First Year
Free Research Advisory
Quick 4 Step Demat Account Creation
Pros:
Excellent phone and email support
Low Brokerage Charges
Low DP Charges
Dedicated research team assigned at no extra cost.
Cons:
Needs a smoother UI.
Why you want this app: Choice boasts a 25+ year long experience in the trading industry and allows you to open a free Demat account at no annual charge.
Android Rating: 3.5/5 (More than 8.51K reviews)
Android Downloads: 500K +
iOS Rating: 4/5
Price: Free to open Demat account, 0.02% on all Futures, Intraday and Delivery orders.
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