In the fast-paced world of investing, having the right tools at your disposal can make all the difference. One such essential tool for investors in India is a Demat account. If you’re looking to dive into the world of stocks, mutual funds, or other securities, a Demat account is your gateway.
But with so many options out there, choosing the right Demat account broker can be overwhelming. That’s where we come in! We’ve done the research and compiled a list of the top 5 Demat account brokers in India to help you make an informed decision.
- Zerodha
- Upstox
- ICICI Direct
- HDFC Securities
- Angel Broking
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1. Zerodha
Website: https://zerodha.com/
Investment Options: Equity, Derivatives, Currency, Commodity, Mutual Funds, Bonds, IPOs.
Foreign Stocks: Doesn’t support
SEBI Registration: INZ000031633
Account Opening Charge: ₹200/-
Maintenance Charge: ₹300 + 18% GST per year
Brokerage Charge: ₹20/- per executed order
Intraday Charges: ₹20 or 0.03% (whichever is lower) per executed order.
Known for its user-friendly interface and low brokerage fees, Zerodha has revolutionized the way people invest in India. With innovative features like zero brokerage on delivery trades and a wide range of investment options, Zerodha has earned its place as one of the leading Demat account brokers in the country.
2. Upstox
Website: https://upstox.com/
Investment Options: Equity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds.
Foreign Stocks: Limited number
SEBI Registration: INZ000315837
Account Opening Charge: ₹0/-
Maintenance Charge: ₹150 + 18% GST per year
Brokerage Charge: ₹20/- per executed order
Intraday Charges: ₹20 or 0.05% (whichever is lower) per executed order.
Another player in the field is Upstox, offering competitive brokerage rates and a seamless trading experience. With a focus on technology and customer service, Upstox has garnered a loyal following among Indian investors. Their intuitive mobile app makes trading on the go a breeze, while their educational resources help beginners navigate the world of investing.
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3. ICICI Direct
Website: https://www.icicidirect.com/
Investment Options: Stocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more.
Foreign Stocks: Limited number
SEBI Registration: INZ000183631
Account Opening Charge: ₹0/-
Maintenance Charge: ₹700/- per year
Brokerage Charge: ₹25/- per executed order
Intraday Charges: ₹0 or 0.30% (whichever is lower) per executed order.
As one of the largest full-service brokers in India, ICICI Direct provides a comprehensive suite of investment options and personalized advisory services. While their brokerage rates may be higher compared to discount brokers like Zerodha and Upstox, ICICI Direct offers a wide range of research reports and investment tools to help investors make informed decisions.
4. HDFC Securities
Website: https://www.hdfcsec.com/
Investment Options: Stocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more
Foreign Stocks: Doesn’t support
SEBI Registration: INZ000186937
Account Opening Charge: ₹0/-
Maintenance Charge: ₹750/- per year
Brokerage Charge: ₹25/- per executed order
Intraday Charges: ₹20 or 0.10% (whichever is lower) per executed order.
Backed by the trust and reliability of HDFC Bank, HDFC Securities is a popular choice for investors looking for a blend of convenience and security. With a strong online presence and a network of branches across the country, HDFC Securities caters to investors of all levels, offering a range of investment products and services to suit their needs.
5. Angel Broking
Website: https://www.angelone.in/
Investment Options: Stocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more
Foreign Stocks: Over 15,000
SEBI Registration: INZ000161534
Account Opening Charge: ₹0/-
Maintenance Charge: ₹450/- per year
Brokerage Charge: ₹0 brokerage upto ₹500 for first 30 days* Then, ₹20 per executed order
Intraday Charges: ₹0 brokerage upto ₹500 for first 30 days* Then, lower of ₹20 or 0.03% per executed order.
With over three decades of experience in the industry, Angel Broking is one of the oldest and most trusted names in the world of stockbroking. Their robust trading platform, Angel SpeedPro, offers advanced features for active traders, while their personalized advisory services cater to long-term investors looking to build wealth steadily over time.
Other Demat Account Brokers in India are
- Paytm Money
- Kotak Securities
- Sharekhan
- 5paisa
- Groww
- IIFL
- Motilal Oswal
- Alice Blue
- Fyers
- Axis Direct
- Choice
Conclusion
Choosing the right Demat account broker is a crucial step in your investment journey. Whether you’re a seasoned trader or just starting out, finding a broker that aligns with your investment goals and preferences can help you achieve success in the stock market. So, do your research, weigh your options, and take the plunge into the exciting world of investing with confidence!
