Top 10 Demat Accounts for Trading in India

India is home to one of the world’s largest stock markets, and as a result, there are many demat accounts available for trading in India. A demat account is a type of account that allows investors to hold their shares and securities in electronic form, rather than physical certificates. We will review the top 7 best demat accounts in India in this article.

1). Upstox

Upstox is the best demat account in India and one of the largest discount brokers in India, with over a million clients. They offer a variety of trading and investment options, including equities, derivatives, currencies, and commodities. Upstox’s demat account has no account opening fee, and they charge a flat fee of Rs. 20 per trade, making it one of the most cost-effective options for traders with demat accounts.

2). Angel Broking

The next most popular demat account in India is Angel Broking, which is a full-service brokerage firm that offers a wide range of investment options, including stocks, mutual funds, and commodities. They also offer research and advisory services to their clients. Angel Broking’s demat account has no account opening fee, and they charge a flat fee of Rs. 20 per trade, making it an affordable option for demat account-based traders.

3). HDFC Securities

HDFC Securities is one of the largest full-service brokerage firms in India, with over 1.5 million clients. They offer a wide range of investment options, including equities, derivatives, mutual funds, and fixed deposits. HDFC Securities’ demat account has no account opening fee, and they charge a brokerage fee of 0.50% per trade, which is competitive compared to other full-service brokers.

4). Kotak Securities

The next most popular demat account in India is Kotak Securities. Kotak Securities is a full-service brokerage firm that offers a wide range of investment options, including equities, derivatives, mutual funds, and fixed deposits. They also offer research and advisory services to their clients. Kotak Securities’ demat account has no account opening fee, and they charge a brokerage fee of 0.49% per trade, making it a competitive option for demat account traders.

5). ICICI Direct

The next highest-rated demat account in India is ICICI Direct. ICICI Direct is a full-service brokerage firm that offers a wide range of investment options, including equities, derivatives, mutual funds, and fixed deposits. They also offer research and advisory services to their clients. ICICI Direct’s demat account has no account opening fee, and they charge a brokerage fee of 0.55% per trade, which is competitive compared to other full-service brokers for demat account traders.

6). 5 Pasa

The next most popular demat account in India is 5Paisa. This is a discount brokerage firm that offers a variety of trading and investment options, including equities, derivatives, currencies, and commodities. 5Paisa’s demat account has no account opening fee, and they charge a flat fee of Rs. 20 per trade, making it an affordable option for traders.

7). Sharekhan

The last top-rated demat account in India on this list is Sharekhan, which is a full-service brokerage firm that offers a wide range of investment options, including equities, derivatives, mutual funds, and fixed deposits. They also offer research and advisory services to their clients. Sharekhan’s demat account has no account opening fee, and they charge a brokerage fee of 0.50% per trade, making it a competitive option for demat account-based traders.

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