Analysis and equivalence of the top features and ratings of well-known Demat Accounts In India to find out which is the best Demat account for trading:
To overcome the extensive and difficult process of buying and selling shares through paperwork, a Demat account was introduced.
Demat word represents ‘dematerialization’. A Demat account dematerializes the shares and securities so they can be controlled in electronic form and can be traded digitally, from anyplace. It also decreases the risks of fraud or thefts involved with the trade done through the paperwork.
Without a Demat account, you cannot own or trade in shares. This is because, in the year 1996, the Securities and Exchange Board of India (SEBI) delivered an order maintaining that all investors must have a Demat account if they want to trade in shares.
List Of The Best Demat Account In India
Here is the list of popular and best trading accounts:
- Upstox
- Zerodha
- Angel Broking
- 5Paisa
- Sharekhan
- IIFL
- Motilal Oswal
- HDFC Securities
- Kotak Securities
- ICICI Direct Demat Account
- Religare
- SBICAP Securities Demat Account
- Axis Direct
- SAS Online
Comparing Top Demat Trading Accounts
| Tool Name | Best for | Price | Founded in | Rating |
|---|---|---|---|---|
| Upstox Demat Account | Saves you from high brokerage fees. | Rs 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 |
| Angel Broking Demat Account | Portfolio management by experts. | 0 brokerage on all segments | 1996 | 4.8/5 |
| 5Paisa Demat Account | Beginners | Rs 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 |
Upstox
With Upstox Demat Account you trade in shares, mutual funds, digital gold, futures and many more, with the help of a digital account. The app also helps you make better choices by providing you with information about the market through charts.
Top Features:
- Paperless, digital Demat account.
- Get live understandings 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:
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 20 for all Intraday & F&O, Currencies & Commodity Orders
Zerodha
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.
- Affordable fees.
- Learning app.
Cons:
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.
Angel Broking
Angel Broking Demat Account was founded in 1987. It gives you 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 less 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 20 or 0.25% (whichever is lower), per executed order, for Intraday, Futures, and Options, Commodities & Currencies
- Monthly Account management charges- 20 (Free for the first year)
5Paisa
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.
- 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:
- 20 per order brokerage charges (Stocks, Commodities, Currencies).
- 0 commission on mutual funds.
- A Power Investor pack is priced at 499 per month.
- An Ultra Trader pack is priced at 999 per month.
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 400. (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.
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:
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:
- 20 per order for Intraday, F&O, Currency, and commodity.
- 450 per annum account maintenance charges (Free for the first year)
- 295 account opening fee.
- 0 delivery brokerage for a lifetime.
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:
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:
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 1500 per year to 1,00,000 per year.
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 linked to your Savings, Trading, and Demat accounts.
- Margin trading facility.
- Invest in small cases 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:
- 0 brokerage on Intraday trades
- 20 per order for carrying forward F&O trades
- 0.25% charges for equity and commodity delivery
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:
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