Best Demat and Trading Account in India : Comparison & Review 2018
(Last Updated On: December 13, 2017)
Looking for Best Demat and Trading Account in India, your search probably ends here. Go through our exclusive list of Best Demat and Trading Accounts in India : Comparison and Review ! and choose the best trading platform that suits you. The list includes both Full Service as well as discount brokers.
Stock Trading and Brokers – A Brief Introduction :
Stock trading has come a long way since the inception of Stock Exchanges in India. Back in 90s and early 2000s, one had to majorly rely on the brokers in the locality to place and execute phone orders. In fact they were actually sub-brokers to some brokerage houses since becoming a broker with SEBI is one of the most expensive affairs that one can imagine.
However, as the technology advanced and stock investments and trading became more mainstream, the trading accounts also became more mainstream. If you are someone who started or worked in stock trading or investing in late 90s or early 2000s, you might have mainly traded through traditional brokerage houses like ICICI direct, Sharekhan, Indiabulls etc. These brokers provide you with a trading account to invest as well as invest in market securities. They used to charge some percentage of the trade amount being executed and are also called as full service brokers.
As the technology revolution took over in the first decade of 2000 and the volumes on the stock exchanges further increased, the revolution started disrupting the brokerage space as well. We saw a slew of modern age tech driven brokers which charged mostly a flat fee for the brokerage.
Some common names you get to hear in this field are 5 Paisa , Zerodha,Upstox(RKSV), Pro stocks etc. These brokerage charge very low fee and sometimes even a zero fee on stock delivery.
In this blog we shall have a look at the Best Trading and Demat account options in India that are available for retail Indian investors who want to trade or invest in the stock markets.
Difference between Demat and Trading Account :
A Trading account is the account which is used to place orders on the stock exchange. If you intend to buy some stocks or work in derivatives, you must have a trading account to do so.
Now once you have placed an order on the stock exchange and have been allotted stocks, the stocks must be stored somewhere, right ? This place where the stocks are stored for you in the digital format is called as Demat Account. Demat is the short form of “Dematerialized Account” that signifies that stocks are held in electronic form and not in any material form.
Now let us have a look at some of the Best Demat and Trading Accounts in India and what does it cost to have one (Please note that we are analysing here only for the equities segment).
Best Demat and Trading Accounts in India :
Zerodha is the pioneer of online based discount brokerage in India and is one of the biggest discount brokers in India. They were the first to come up with discount broking suite which charged a flat fee which is not based on the size of trade initiated at all. This means that whether you set up a trade with 10K value or a trade with a 1 Cr value, the brokerage would be same.
They didn’t just stop at discount brokerage gig and went ahead to make the delivery trading free of cost. This helped reduce the barrier for retail investors in stock market.
Zerodha Features :
Trade all segments on BSE, NSE, BTST, MCDEX, Forex Trading Spot Trading, Mutual Funds etc
Zerodha Brokerage Charges :
Zerodha Brokerage is a flat fee structure with charges of Rs.20 per trade. Stock Delivery is charged free of cost.
2. IIFL online / 5paisa Demat and Trading Account :
India Infoline is a full service broker offering 2-in-1 demat and trading account on its online platform 5paisa.com.
5paisa Account Opening and Maintenance Charges :
- Demat Account Opening : Free
- Trading Account Opening Charges – Rs.650
- Trading and Demat Account Annual fees after first year – Rs.400
5paisa Demat and Trading Account Features :
Trades in all the segments of BSE, MSE, MCX and NCDEX. IPOs and Mutual Funds.Distinctive features in the platform like Equity SIP.They have good Mobile apps for trading.
5paisa Brokerage charges :
|Equity Intraday||Rs 10 per executed order
|Equity Delivery||Rs 10 per executed order
|Equity Futures||Rs 10 per executed order
|Equity Options||Rs 10 per executed order|
|Currency F&O||Rs 10 per executed order
3. ICICI Direct :
ICICI Direct has been preferred online broker choice since ages now for generations. Carrying an ICICI brand name and a long history, ICICI direct is a trust choice for retail investors whether it is about stock investing, mutual funds, corporate bonds or anything which is traded on the markets. The account is actually a 3-in-1 account i.e a trading account, Demat Account and the bank account that you can easily open online.
Here are the various charges for the ICICI Direct account:
ICICI Direct Account Opening Charges :
ICICI Direct account can be opened at a flat fee of Rs 750. It includes everything i.e trading, demat and the bank account(if you wish to).
ICICI Direct Features :
Trade all segments on BSE, NSE, NSE, BTST, Spot Trading, Mutual Funds, Term Insurance, IPOs.
ICICI Direct Brokerage Charges :
ICICI Direct is one of the expensive brokers out there. There are a couple of plans that ICICI Direct offers i.e ICICI Direct I-Secure and ICICI Direct I-Saver Account.
ICICI Direct I-Secure is a flat fee trading account and charges as follows (Please note that charges are more suitable for a casual trader only) :
- Equity Delivery – .55% Flat
- Equity Intraday – .275% Flat
ICICI Direct I-Saver Plan :
Equity Delivery- .75% to .25% [depending on volume]
- Less then Rs 10 Lakhs – 0.75%
- Between Rs 10 lakhs to 25 Lakhs – 0.70%
- Between Rs 25 lakhs to 50 Lakhs – 0.55%
- Between Rs 50 lakhs to 1 Crore – 0.45%
- Between Rs 1 Crore to 2 Crores – 0.35%
- Between Rs 1 Crores to 5 Crores – 0.30%
- Above Rs 5 Crores – 0.25%
Equity Intraday – .375% to .125% [Turnover on trading Per Calendar Quarter]
- Less then Rs 10 Lakhs – 0.375%
- Between Rs 10 lakhs to 25 Lakhs – 0.350%
- Between Rs 25 lakhs to 50 Lakhs – 0.275%
- Between Rs 50 lakhs to 1 Crore – 0.225%
- Between Rs 1 Crore to 2 Crores – 0.175%
- Between Rs 1 Crores to 5 Crores – 0.150%
- Above Rs 5 Crores – 0.125%
The following charges are similar in both the ICICI Direct Plans:
- Equity Future & Currency Future – 0.05% to .03% [Turnover Per Month]
- Less then Rs 5 Crores – 0.05%
- Between Rs 5 Crores to 10 Lakhs – 0.040%
- Between Rs 10 Crores to 20 Lakhs – 0.035%
- Above Rs 20 Crores – 0.03%
- Equity Future second leg of Intraday square off Rs 15.
- Currency Future second leg of Intraday square off Rs 10
- Equity Options – Flat Rs 95 to 35 Per contract lot.
- Brokerage on second leg of Intraday square off- Rs 15
- Currency Options – Flat Rs 25 to 10 Per lot Brokerage on second leg of Intraday square off Rs 10.
The pricing is complex and should be studied diligently to avoid any surprises later on !!
You may also like : 7 Best Long term Investments in India !
4. Angel Broking :
Angel Broking is one of the other popular full service brokers in India. They also have a PAN India presence and a number of sub-brokers across India just in case you want to place order via a broker call instead of placing through the online account.
Angel Broking Account Opening Charges :
There are no account opening charges for trading and demat account opening at angel broking.
Angel Broking Features :
Trades in all segments on NSE, BSE, MCX, NCDEX. Browser and app based trading with Angel Eye, Angel SpeedPro, Angel Swiftland, Angel Lite.They recently launched ARQ advisory services for an optimized portfolio.
Angel Broking Brokerage :
Angel broking has multiple plans (Angel classic, Angel Preferred, Angel Premium and Angel Elite). You can pick up the plan as per your trade volume. The brokerage will vary along with that.
Here is a small charges table for equity trading :
Rs.10000 to Rs.24999
Rs.25000 to Rs.49999
Rs.50000 to Rs.99999
Rs.100000 & more
|Equity Inter trade||0.032%||0.0224%||0.0176%||0.0128%|
You may also like : Angel Broking App ARQ : A Personalised Automated Investment Tool
5. Sharekhan Demat & Trading Account :
Sharekhan is another popular online broker and has been popular for quite some time now. In 2015 it was acquired by the French company BNP paribas and it continues to be a preferred choice for many investors looking forward to trade on the markets.
ShareKhan Account Opening and Maintenance Charges :
- Trading and Demat Account Opening : Free
- Demat Annual maintenance charges : Rs 400
Sharekhan Features :
All trading options : Equities, IPO, F&O, Currency, Commodities.It has a simpler pricing structure.There is a prepaid option to reduce the brokerage for a certain amount of time. There are no payment gateway charges, to and from bank.
Sharekhan Brokerage Charges :
Intraday charges : 0.1% on both buy and sell sides subject to minimum of 5 paise per share.
Equity Delivery Charges : 0.5% on both buy and sell sides subject to minimum of 10 paisa per share. For sell delivery, brokerage of Rs 16 per scrip is charged for orders less than Rs 3200.
Equity Futures: 0.1% for the first leg, for second leg: 0.02% on same day square off and 0.10% any other day.
Options: Rs 100 per lot or 2.5% of premium(higher one).
All Taxes are charged extra.
6. Indiabulls Demat and Trading Account :
Indiabulls ventures is one of the cheapest full service brokers providing access to trading and demat account.
Indiabulls account opening and maintenance charges :
- Demat & Trading Account Opening Charges: Rs 750
- Demat and Trading Account Maintenance Charges : Nil
Indiabulls ventures Features :
Trades in all segments of BSE, NSE, NCDEX and MCX.It has great Mobile app and dedicated relationship managers to support their services.
Indiabulls brokerage :
The following are the charges for power Indiabulls plan :
|Brokerage Plan||Power Indiabulls|
7. Kotak Securities Demat and Trading Account :
Just like other players from banking sector, Kotak also offers a 3-in-1 demat and trading account for the prospects. Kotak Securities is a full service broker and offers a whole lot of services including but not limited to Equity Delivery, Equity F&O, IPO, Financial Advisory services, mutual funds, life insurance, investment banking etc. They are depository participants with NSDL and CDSL both.
Kotak Securities account opening and maintenance charges :
- Demat & Trading Account Opening Charges: Rs 750
- Account Maintenance Charges : Nil
- Demat Acccount Maintenance Charges: Rs 50 per month.
Kotak Securities Features :
Trades in all segments of BSE, NSE and Currency Derivatives. Commodity trading is not supported as of this writing. The following platforms are available for operating your account:
- Kotaksecurities.com : Online website for stock trading and investment.
- Xtralite: A tool for using the broker website on slow connections
- KEAT Pro X : The desktop tool for professional traders.
- Kotak Stock Trader: A mobile app for the one’s who like to trade on the go !
Kotak Securities brokerage :
Kotak Securities offers multiple brokerage plans vis-a-vis dynamic, fixed, silver and pearl brokerage plans. We have covered the brokerage for the most common plans i.e fixed dynamic brokerage one in this blog.
|Plan Type||Equity Delivery||Equity Intraday||Equity Futures||Equity Options||Currency Futures And Options||Commodity Trading|
|Fixed Brokerage||0.49%||0.049%||0.049%||₹ 300||0.07%|
|Dynamic Brokerage||0.59% to 0.30%||0.06% to 0.05%||0.07% to 0.05%||2.5% to 1.8%||Futures : 0.04% or Rs 20 per lot|
Options: ₹7.5-₹20 per lot
I hope you enjoyed gaining knowledge on the Best Demat and Trading Accounts in India and found the post helpful. All the information and charges are on “as is ” basis, you must check the respective broker site for any amendments though.Duties and Taxes are all extra.
If you don’t need an investment advice and need a broker only for trading, you may like to checkout our comprehensive post on the Best Discount Broker in India
If you are interested in the hot and trending topic of “Cryptocurrency”, you may like going through one of our popular posts : Top 10 Cryptocurrency in World
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Have you opened a Demat or Trading Account with any of the companies listed above or with any other trading platform? Do share your valuable feedback and experiences on the same in the comment section below.
Disclaimer : There is a high degree of risk involved in stock trading. The details given on this website are for informational purpose and cannot be constituted as professional advice in any regard.
Please follow due diligence and do your own research before opening a Demat and Trading account with any of the trading platforms in India.https://fintrakk.com/best-demat-trading-account-in-india-charges-comparison-review/Best Demat and Trading Account in India : Comparison 2017https://fintrakk.com/wp-content/uploads/2017/04/Best-Demat-account-e1495796181476.pnghttps://fintrakk.com/wp-content/uploads/2017/04/Best-Demat-account-150x150.pngInvestmentbest demat account,best demat account in india,best demat and trading account,best trading account,demat account,demat account charges,demat account india,difference between demat and trading account,trading accountLooking for Best Demat and Trading Account in India, your search probably ends here. Go through our exclusive list of Best Demat and Trading Accounts in India : Comparison and Review ! and choose the best trading platform that suits you. The list includes both Full Service as well...admin firstname.lastname@example.orgAdministratorFinance & Taxation Tips for Indian Investors