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Best Demat Account for Beginners and Small Investors in India

Best Demat Account for small and beginner investors Zerobrokeragebrokers

Demat account is a must for those who are planning to buy and sell shares. But why Demat? Without this, you could end up paying heavy charges for each and every transaction. Therefore you must be smart enough to choose demat account. It is very essential to choose the right broker for opening DEMAT account, you can do this by penning down your preferences and expected outcome from the broker. This is the initial step which is advisable for those who do not have a DEMAT account.

There are certain things you need to have knowledge of before opening a DEMAT account and entering the market. Basic requirements for opening the account are listed below:

  • Zero or low brokerage charges
  • The basic understanding of equity or stock market
  • A fast user interface in trading platforms
  • Feature available for research analysis reports
  • Customer satisfaction performance

If you are ready, it is time to choose the right broker based on your taste. We have posted reviews about different stockbrokers, from full-service stockbroker to discount stockbroker, which are available on our website for you to study. However, we will list out few stockbrokers below which may match the taste of new traders or the ones who invest small amounts in the market.

The best firms to open Demat Account with, are:

 

FINVASIA

Particulars

Charges

Demat Account Opening Charges

Free

Demat Account AMC

Free

Trading Account Opening Charges

Free

Trading Account AMC

Free

Equity Delivery

Free

Equity Intraday

Free

Equity Option

Free

Equity Futures

Free

Currency Options

Free

Commodity

Free

 

SHAREKHAN

Particulars

Charges

Demat Account Opening Charges

Free

Demat Account AMC

1st year – Free
Rs. 400 per annum

Trading Account Opening Charges

Free

Trading Account AMC

Adjustable

Equity Delivery

0.5%

Equity Intraday

0.1%

Equity Option

Rs. 100 per lot
or 2.5% on premium
(whichever is higher)

Equity Futures

0.1%

Currency Futures

0.1%

Currency Options Rs. 30 per lot
or 2.5% on premium
(whichever is higher)
Commodity

0.1%

 

5PAISA

Particulars

Charges

Demat Account Opening Charges

Free

Demat Account AMC

Rs. 400 per annum

Trading Account Opening Charges

Rs. 650

Trading Account AMC

Free

Equity Delivery

Rs. 10 per order traded

Equity Intraday

Rs. 10 per order traded

Equity Option

Rs. 10 per order traded

Equity Futures

Rs. 10 per order traded

Currency Futures

Rs. 10 per order traded

Currency Options

Rs. 10 per order traded

Currency Options

 

UPSTOX

Particulars

Charges

Demat Account Opening Charges

Rs. 150

Demat Account AMC

Rs. 300 per annum

Trading Account Opening Charges

Rs. 150

Trading Account AMC

Free

Equity Delivery

Free

Equity Intraday

Rs. 20 per order traded

Equity Option

Rs. 20 per order traded

Equity Futures

Rs. 20 per order traded

Currency Futures

Rs. 20 per order traded

Currency Options

Rs. 20 per order traded

Commodity

Rs. 20 per order traded

 

ICICI DIRECT

Particulars

Charges

Demat Account Opening Charges

Rs. 700

Demat Account AMC

Rs. 100
[for Rs. 50k to 200k]

Rs. 700
[for more than 200k]

Trading Account Opening Charges

Free

Trading Account AMC

Free

Equity Delivery

0.55%

Equity Intraday

0.05 to 0.03%

Equity Option

Rs. 95 to Rs. 35 per lot

Equity Futures

0.05 to 0.03%

Currency Futures

0.05 to 0.03%

Currency Options

Rs. 25 to Rs. 10 per lot

Commodity

N/A

For more education resources or reviews of brokers, kindly visit https://zerobrokeragebrokers.com

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Friday, 24 May 2019

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