Top 10 Brokers for Demat Account in India

Top 10 Brokers for Demat Account in India

While choosing the best brokers in India, we have looked upon different factors to get the best Demat Account for you. We looked at things like brokerage fees and how inexpensive they are. The account opening procedure of these brokers with whom you may establish a Demat account was also examined. After that, we looked at which Demat accounts would be best for novices, intraday traders, long-term investors, and so on. As per our evaluation, we have chosen the ten Demat Accounts from ten different brokers, which are given below.

Here is the list of the top 10 best Demat accounts in India 2021

  1. Zerodha Demat Account 
  2. Upstox Demat Account 
  3. Paytm Money Demat Account 
  4. 5paisa Demat Account 
  5. IIFL Demat Account 
  6. Angel Broking 
  7. Sharekhan Demat Account 
  8. Religare Demat Account 
  9. Motilal Oswal Demat Account
  10. ICICI Direct Demat Account 

Also Read: MOST RELIABLE COINS TO BUY and How high risk-to-reward ratio increase profitability

#1. Zerodha Demat Account Review

With over 30 lakh users, Zerodha is the biggest and most reputable discount broker. Zerodha offers a reduced brokerage cost of 0.03 percent per completed trade or Rs, and 20 per executed order, whichever is lower. If you trade in large quantities, you may save up to 90% compared to other full-service stockbrokers. At Zerodha, stock shipping is entirely free. With Zerodha, you’ll obtain trading platforms with complex charts and other technical analysis tools.

#2. Upstox Demat & Trading Account Review

Due to low trading fees, excellent technological platforms, and significant profits, Upstox is one of the finest discount brokers in India. Upstox charges a flat intraday brokerage of Rs. 20 per deal, regardless of the trading volume, offers free stock delivery. Compared to other complete brokers, you may save a lot of Money on brokerages. Upstox provides India’s quickest and finest online trading platform, which is the most essential criterion for trading.

#3. Paytm Money Demat Account Review

Paytm Money (broking & investing platform) was introduced in 2019 with the lowest flat Rs. 10 intraday trading costs in equities cash, stock F&O, and currency F&O. Paytm Money has 60 million users who use it to invest in equities, mutual funds, NPS, IPOs, and ETFs. Paytm’s money costs are identical to those of discount brokers. If you want the lowest brokering changes, you may create a Paytm Money Demat account.

#4. 5Paisa Demat Account Review

Under the additional Ultra Trader bundle, 5Paisa offers the lowest brokerage fees of flat Rs 10 per transaction. You may make a single deal worth crores and pay just Rs 10 in brokerage. You may trade using the 5Paisa mobile trading app. In terms of ease of use, user experience, and speed, the 5Paisa mobile app is the finest in India. After providing all of the required documentation, your 5Paisa account will be established the same day. If you’re seeking the cheapest brokerage demat account, 5Paisa is the way to go.

Also Read: Top 10 Best Stock Market Courses Institute In Delhi and Stock Market Prediction using Deep Learning

#5. IIFL Demat Account Review

IIFL Securities Ltd (IIFL) is one of the largest full-service stockbrokers, with over 40 lakh customers. Investors who want coaching and research assistance while making investment choices can choose an IIFL Demat account.

#6. Angel Broking Demat Account

With 2.15 million brokerage accounts, Angel Broking is one of India’s oldest brokerage businesses. It provides excellent customer service. Only if your Aadhaar Card is connected to your cellphone number do I propose Angel Broking. After establishing your identity with an Aadhaar OTP, you may complete your whole application online and begin trading.

#7. Sharekhan Demat & Trading Account Review

Sharekhan is one of the most popular online brokerage firms. It has over 20 lakh customers, and the organization serves customers via 3200 share stores in 541 cities.

#8. Religare Demat Account Review

Religare Securities Ltd. (RSL) is a wholly-owned subsidiary of the Religare group. RSL is a multi-platform financial services company that serves more than 8 lakh consumers online and offline. RSL provides stock, currency, and commodities brooking services, as well as depository participant services.

#9. Motilal Oswal Demat Account Review 

Private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodities broking, currency broking, principal strategies, and home financing are only some of the services offered by Motilal Oswal. The firm now has over 2200 business locations and over ten thousand registered clients. They spend around 10% of their income on research and employing and training research staff. 

#10. ICICI Direct Demat and Trading Account Review

ICICI Direct is one of the biggest stock brokerage firms in the world. ICICI Direct offers a diverse set of services and investment opportunities, including:

  • We are investing in stocks, derivatives, mutual funds, initial public offerings (IPOs), non-convertible bonds (NCDs), exchange-traded funds (ETFs), and currencies.
  • Wealthy goods. We are investing in ELocker and NPS.
  • Home loans and secured loans are two types of loans.

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