11 Best Demat Trading Account In India 2021 (Review & Comparison)

If you are looking for the best demat and trading account in India 2021, you must analyse your requirements and then make any decision. Because a wrong selection may burn holes in your pockets in the form of high brokerage fees and other charges.

You should consider factors below before selecting a suitable demat and trading account –

  • What are the brokerage charges
  • You need research advice or do your own research
  • Annual maintenance changes
  • Margin provided (if you are interested in margin trading)
  • Trading platforms
  • Other investment segments available

Best Demat Account Lowest Brokerage In India 

#1. 5paisa Demat & Trading Account Review

5paisa Demat & Trading Account Review

5paisa offers the lowest brokerage demat account where you can pay as low as Rs. 10 per order for the platinum plan. 

5paisa has emerged as the 3rd largest discount broker in India. 

Another benefit of a 5paisa demat account is that you have to pay AMC only for the month in which you have traded. Ideal for new traders who trade occasionally. 

It also saves you charges in case you are away from trading for a longer period for any reason.

5paisa offers other investment opportunities like mutual funds, gold and insurance. 5paisa has recently added the IPO facility if you are interested in that.

Account Opening Charges 

  • Account opening charges – Rs. 650 (that can be waived off)
  • Annual maintenance charges (Individual) – Rs. 45 per month (only for the month in which you traded)
  • Annual maintenance charges (non-Individual) – Rs. 400 per year

Brokerage Charges 

5paisa offers your 3 brokerage plans like –

SegmentOptimum PlanPlatinum PlanTitanium Plan
Stock DeliveryRs. 20/orderRs. 10/orderFREE
Stock IntradayRs. 20/orderRs. 10/orderRs. 10/order
(Rs.1000 Free/month)
Stock F&ORs. 20/orderRs. 10/orderRs. 10/order
Commodity F&ORs. 20/orderRs. 10/order
(For Equity options Rs. 2/lot)
Rs. 10/order
(For Equity options Rs. 2/lot)
Call Trade ChargesRs. 100/callFreeFree

Margin 

SegmentOptimum PlanPlatinum PlanTitanium Plan
Equity Delivery TradingUp to 4xUp to 4xUp to 4x
Equity Intraday TradingUp to 3.5xUp to 5xUp to 5x
Equity FuturesUp to 3.5x5x5x
Equity Option Writing2.5xNormal – 5x
Expiry – 10x
Normal – 5x
Expiry – 10x
Currency Futures1x1x1x

Trading Platform

#1. TradeStation – TradeStation has a user-friendly design & single-window interface for an all-around experience. You get a sleek visualization of your portfolio, positions, and holdings in one place.

#2. 5paisa trading app – You can trade from your smartphone using 5paisa trading app. App allows you to convert your intraday position into delivery and vice versa with a single click.

#3. Algo trading – Algo trading uses computer APIs (programs) to analyze market data based on predefined parameters. You can automate your trading strategies to execute faster without any human intervention on a wider range of stocks that is not feasible manually.

Pros

  • A flat fee per trade that saves you money on brokerage
  • Easy & paperless account opening process
  • Pay maintenance fee only for the month in which you have traded
  • User-friendly and snappy mobile app 
  • Algo trading allows you to backtest strategies before implementing in live market
  • Apart from trading, you get insurance, mutual funds and loan facilities in one place

Cons 

  • Trade overcall is Rs. 100/trade is very expensive
  • Server slows down during peak hours
  • No free stock delivery in the basic plan

Best For 

If you want to pay the lowest brokerage on trading and zero brokerage on delivery. 

Best Trading Account In India 2021

#2. Upstox Demat & Trading Account Review

 Upstox Demat & Trading Account Review

Upstox was started by RKSV securities in 2011 which has evolved over time and become a top discount broker of India. Upstox is backed by Ratan Tata that ensures its trustworthiness.

If you are a pro trader you can opt for Upstox’s priority plan to get high margin leverage in trading (we’ll discuss in detail in later sections). Upstox also provides free stock delivery highly beneficial if you are long term investing.

You need to pay a flat fee of Rs 20 per trade without worrying about the trade volume. 

Upstox is the only discount broker that offers you a fully-functioning 3-in-1 account for a seamless trading experience. You get savings, demat and trading all in one account with IndusInd bank. 

You can also invest in mutual funds with Upstox.

Account Opening Charges 

  • Account opening charges – Rs 300
  • Annual maintenance charges – Rs. 300 (charged Rs. 25 per month)

Brokerage Charges 

SegmentBrokerage
Equity DeliveryZero
Equity Intraday TradingBasic Plan – Rs. 20 or 0.05% (whichever is lower)
Priority Plan – Rs. 30 or 0.10% (whichever is lower)
Equity OptionsFlat Rs. 20 per executed order 
Equity FuturesRs. 20 or 0.05% (whichever is lower)
Currency OptionsFlat Rs. 20 per executed order 
Commodity OptionsFlat Rs. 20 per executed order 
Commodity FuturesRs. 20 or 0.05% (whichever is lower)

Margin 

SegmentBasic PlanPriority Plan
NSE/BSE Cash15x20x
Index Futures3x6x
Stock Futures3x3x
Index Option Sell3x6x
Stock Option Sell3x3x
NSE Currency4x4x
MCX Future2.5x3x

Trading Platform

#1. Pro Web – is an HTML based trading platform that provides 100+ indicators to customize your charts for better analysis of the market. You can also preset your buy/sell preferences to get in or out in one-click when the market is volatile.

#2. Pro Mobile – It has a simple and sleek interface. You can trade directly from charts with the Trade From Charts (TFC) feature for faster execution.

#3. AlgoLab – Algolab comes handy if you use Amibroker AFL for research analysis. It works as a bridge between Upstox and Amibroker AFL platforms. You can place orders directly from Amibroker’s platform once connected with Algolab.

Pros

  • Different plans for regular investor and active trader
  • High margin leverage available for traders under priority plan
  • Fast account opening process and paperless 3-in-1 account opening benefit
  • A 3-in-1 account allows you seamless funds transfer facility and you also earn interest on your idle amount.
  • HTML based high-performance trading platform
  • Neat and clean trading app interface for ease of trade
  • Upstox also provides an app development platform for developers
  • Amibroker users can place orders from their research platform in real-time using Algolab.

Cons 

  • Slows down in peak hours
  • No IPO investment facility
  • You can invest in regular mutual funds only

Best For

If you want a complete package including high margin leverage with discount brokerage and a 3-in-1 account option, then Upstox is the best option available. 

Also read – Demat vs Trading Account

Best Demat Account For Beginners In India 2021

#3. Zerodha  Demat & Trading Account Review

 Zerodha Demat & Trading Account Review

Zerodha has revolutionized the brokerage industry in India by introducing the discount brokerage in India.  Zerodha has the highest active client base of around 2 million and has become the pioneer of the brokerage industry by overtaking big names like ICICI Direct and Motilal Oswal.

The best part is Zerodha offers free equity delivery. 

Zerodha earns from intraday and derivatives where they charge brokerage 0.03% or Rs. 20 per order whichever is the lower.

Zerodha has partnered with various companies to provide you platforms for different investment and trading activities. Such as – 

  • SmallCase for thematic investing. 
  • GoldenPi to invest in bonds and debentures
  • Sensibull for trading strategies.

Account Opening Charges 

  • Demat account opening charges (Equity) – Rs. 200
  • Account opening charges (Commodities) – Rs. 100 (this is optional)
  • Annual Maintenance charges – Rs. 300 (charged Rs. 75 per quarter)
  • Trading account opening charges – Zero

Brokerage Charges

Zerodha has recently increased its brokerage percentage from 0.01% to 0.03% which is still lower than other counterparts in the market.

SegmentBrokerage
Equity DeliveryZero
Equity Intraday  TradingRs. 20 or 0.03% (whichever is lower)
Equity OptionsFlat Rs. 20 per executed order 
Equity FuturesRs. 20 or 0.03% (whichever is lower)
Currency OptionsRs. 20 or 0.03% (whichever is lower) 
Commodity F&ORs. 20 or 0.03% (whichever is lower)

Margin 

SegmentMargin
Equity DeliveryNo Margin
Intraday Equity3 times to 12.5 times that varies scrip to scrip
Index Futures35% of the normal margin (NRML) 
Equity Futures45% of the normal margin (NRML) 
Index Option Writing35% of the normal margin (NRML) 
Stock Option Writing45% of the normal margin (NRML) 
Currency Futures & Option Writing 50% of the normal margin (NRML) 
Commodity Futures & Option Writing50% of the normal margin (NRML)

Trading Platform

  • Kite –  Kite is a fast trading platform with user friendly interface. You can analyze market using advanced charting with 100+ indicators. 
  • Kite App – You can use the miniature version of Kite on your smartphone with access to more than 90,000 stocks on the go. 
  • Console – You can use a console for in-depth analysis of your trades with interactive visualizations. You can also apply for IPO through Console.

Pros

  • Free equity delivery
  • Discount brokerage saves money for regular trader
  • In-depth reports and vast historical data to build better trading strategies
  • Invest directly in mutual funds without paying any commission
  • You can buy IPO online from zerodha platform console
  • Multiple products like Smallcase, Golden Pi and Sensibull to cater your different investment needs.

Cons 

  • Server usually crawls in peak hours
  • No usage-based maintenance fee (you have to pay AMC whether you trade or not)
  • No monthly unlimited plans
  • No research-based advisory

Best for 

If you are an active trader, who wants a trustworthy platform with a low brokerage to research yourself and trade. You will also get in-depth market reports for better strategy building.

Check out – Importance of Demat Account

Best Full Service Broker in India 2021

#4. Angel Broking Demat & Trading Account Review

Angel Broking Demat & Trading Account Review

Angel broking is a popular name in stock brokers of India with more than 30 years of experience in the industry. Angel broking has a huge network coverage of 1800 cities in the country.

If you are a beginner and need research-based advisory, then you can start with Angel Broking that would provide you in-depth stock market research as per your requirement.

You can also enjoy their zero brokerage on delivery with the iTrade Prime plan. Angel broking is the only traditional broker that offers free equity delivery. 

You can use their robust trading platform without worrying about any glitches during peak hours.

Account Opening Charges 

  • Account opening charges – Rs. 699
  • Annual maintenance charges – Rs. 450 (from 2nd-year onwards)

Brokerage Charges 

SegmentAngel iTrade Prime
(Discount Brokerage Plan)
Angel Classic
(Order range – Rs.10,000 to Rs.24,999)
Angel Preferred
(Order range – Rs.25,000 to Rs.49,999)
Angel Premier
(Order range – Rs.50,000 to Rs.99,999)
Angel Elite
(Order range – Rs.1,00,000 & above)
Equity DeliveryZero0.32%0.224%0.176%0.128%
Equity IntradayRs. 20 or 0.01% (whichever is lower)0.032%0.0224%0.0176%0.0128%
Equity FuturesRs. 20 or 0.01% (whichever is lower)0.032%0.0224%0.0176%0.0128%
Nifty Options20 40322416
Other Options2080644832

You need to clarify Angel Broking’s representative for the iTrade Prime Plan, they can initiate with any regular plan that will end paying your more brokerage which is not useful for you as a beginner.

Margin 

SegmentMargin
Equity Delivery TradingUp to 6 times
Equity Intraday TradingUp to 40 times
Equity Futures4 times
Equity Options3 times
Currency F & OUp to 2 times
Commodity F & OUp to 3 times

Trading Platform

#1. Angel Broking Trade – Angel broking trade platform is a robust platform that gives you instant updates of market conditions that is useful when the market is volatile. You can go through various chart indicators to do in-depth analysis of market trends.

#2. Angel Broking App – comes with ARQ technology provides you with a rule-based investment engine for tailormade stock ideas and advisory updates. You can also track your portfolio and different investments at a single page.

#3. Angel Speed Pro – You can install this software in your computer to get blazing fast trading experience with last 30 days historical data analysis. Ideal for active traders.

Pros

  • High margin leverage up to 40x in cash segment
  • Deep research analysis and tailor made suggestions
  • Single page view all your investments like shares, mutual funds, and bonds
  • You can operate multiple family member’s accounts with one user id.
  • Robo advisory based on Artificial Intelligence
  • Relationship manager provided

Cons 

  • Trading platform is complicated
  • Multiple stock advice messages may annoy you sometimes
  • Extra charges for various services like stock report.

Best For 

If you want research based advisory with low cost brokerage then you can opt for angel broking. 

You can also read – Ventura vs Zerodha Direct Comparison

#5. Motilal Oswal Demat & Trading Account Review

Motilal oswal Demat & Trading Account Review

Motilal Oswal is a pioneer in trustworthy research-based stock advisory and asset management services.

Motilal Oswal has more than 2500 offline offices in India and a large 12 lakh customer base. 

The best thing about Motilal Oswal is they spend 10% of revenue on research which is the highest spending by any broker on research.

If you need in-depth research based investment advice to fulfill your investment goals and you don’t mind paying high brokerage, then you can opt for Motilal Oswal. Otherwise, it is not worth paying so much money.

Account Opening Charges 

  • Account opening charges = FREE
  • Annual maintenance charges = Rs. 400

Brokerage Charges 

Motlilal Oswal has different brokerage plans but the most popular is Value Pack brokerage plan.

Value AmountEquity Delivery
(Min. Rs. 0.02)
Intraday (on each leg)Equity & Currency Futures   (on each leg)Commodity Futures (on each leg)Equity Options (per lot on each leg)Currency Options (per lot on each leg)
Rs. 2,0000.40% 0.040%0.040%0.030%Rs. 50Rs. 20
Rs. 3,0000.35% 0.035%0.035%0.025%Rs. 45Rs. 18
Rs. 5,0000.30% 0.030%0.030%0.020%Rs. 40Rs. 15
Rs. 10,0000.25% 0.025%0.025%0.015%Rs. 30Rs. 12
Rs. 30,0000.20% 0.020%0.020%0.010%Rs. 25Rs. 11
Rs. 50,0000.15% 0.015%0.015%0.008%Rs. 25Rs. 10
Rs. 1,00,0000.10% 0.010%0.010%0.007%Rs. 20Rs. 8

Margin 

SegmentMargin
Equity DeliveryUp to 4 times 
(You have to pay 25% amount upfront)
Equity IntradayUp to 20 times (varies scrip to scrip)
Equity F&OUp to 3 times
Commodity F&OUp to 3 times
Currency F&OUp to 3 times

Trading Platform

#1. MO Investor –  Ideal for long term investors that provides you best rated scrips based on predefined criteria like annual  top performers, top revenue companies, or highest yielding stocks. You can also get detailed research reports for better understanding of the market trend.

#2. MO Trader – Designed for active traders that creates the bulk list that contains multiple order drafts which can later be executed in one click. 

Pros

  • Best in class research advisory
  • Huge network coverage 
  • Offline in-person advice 
  • Robo Advisory to invest in growth-oriented stocks
  • Top class trading platforms

Cons

  • High brokerage on trading and delivery.
  • Expensive customized plans.
  • No direct investment option in mutual funds 

Best For 

If you are new in stock investment and trustworthy research advice for your investments. But if you rely on your own research then it’s not worth paying big bucks to the broker.

#6. Sharekhan Demat & Trading Account Review

Sharekhan Demat & Trading Account Review

Sharekhan is another giant broker that offers various financial services like stock research advisory, portfolio management, and currency trading.

Sharekhan, a subsidiary of BNP Paribas Financial Services Ltd., has more than 2500 outlets in 500+ cities with more than 17 lakh customer base.

You have to burn your pockets if you need a top-class advisory to fulfill your investment needs. 

You can also pay them to manage your portfolio as per your investment appetite. 

Account Opening Charges  

  • Account opening charges – FREE
  • Annual maintenance charges – Rs. 400 per year.

Brokerage charges 

CategoryCharges
Equity Delivery0.30% per executed order
Equity Intraday  Trading0.03% per executed order
Equity OptionsRs. 100 or 2.5% per executed order (whichever is higher)
Equity FuturesLeg 1 – 0.10% Leg 2 – 0.02% 
Currency OptionsRs. 100 or 2.5% per executed order (whichever is higher)
Commodity F&ORs. 100 or 2.5% per executed order (whichever is higher)

Margin

SegmentMargin
Equity DeliveryUp to 5x  
Intraday EquityUp to 50x (varies from scrip to scrip)
Equity F&O1x
Currency F&O1x
Commodities F&ONA

Trading Platform

TradeTiger – Trade tiger is an advanced trading platform where you can also place advanced orders like bracket orders, big trades, and bulk orders. You can also create your own shortcuts, customize screens with different charts for better decision making.

TradeMini – A dedicated platform for slow internet users. It requires less bandwidth to update the terminals and accept orders. You can check out various charts and market trends even if your internet is not providing you enough speed.

Pros

  • Multiple prepaid and postpaid plans to cater different client’s need.
  • In-depth reports for better analysis
  • Robo-advisory available for customized advice to achieve your financial goal.
  • Provide dedicated Relationship manager 

Cons

  • Plans are quite expensive with high brokerage
  • You have to pay commission if you want to invest in mutual funds

Best For 

If you are looking for reliable advisory without worrying to pay the high brokerage.

Also read – Edelweiss vs Zerodha

#7. Religare Demat & Trading Account Review

Religare Demat & Trading Account Review

Religare broking is a leading brokerage company (part of Religare Enterprises Ltd.) with more than over 10 lakh customer base. Religare has offices in more than 500 locations across the nation.

You get expert analysis from their experienced research team for maximum profit earnings. You can use their intelligent portfolio service to focus only on profitable stocks matching your investment style.

Annual charges 

  • Account opening charges – FREE
  • Annual maintenance charges – Rs 500 (Starts from 2nd year)

Brokerage charges 

SegmentBrokerage
Equity Delivery0.50% per executed order
Equity Intraday  Trading0.05% per executed order
Equity OptionsRs. 100/lot 
Equity Futures0.05% per executed order
Currency Options0.05% per executed order
Commodity F&ORs. 250/lot or maximum of 2.5% of premium amount

Margin

SegmentTrading Margin
Equity DeliveryUp to 4x 
Equity IntradayUp to 10x
Equity F&OUp to 3x
Currency F&OUp to 2x
Commodity FutureUp to 3x
Commodity OptionUp to 2x

Trading Platform

#1. Religare website – You can execute your orders from your browser with single screen to offer stock charts, top gainers & losers and you can buy or sell from the same page.

#2. Religare Dynami app – Dynami app allows you to trade on the go with insta alerts and expert recommendations. You can analyse real-time market trends to make trading decisions.

Pros

  • Portfolio service helps in select profitable stocks
  • Wide network for offline advisory
  • Fast app for trading from mobile

Cons

  • Delivery charges are high, not good for long term investor
  • Commoditiy F&O at Rs. 250 per lot is quite expensive

Best for

If you are looking for a local stock broker with portfolio focused advisory services.

#8. Indiabulls Securities Demat & Trading Account Review

Indianbulls Demat and Trading Account Review

Indiabulls is a full service broker that offer flat brokerage services against monthly payment on their demat account. Indiabulls also offer high margin trading if you want to go for margin trading later on.

Indiabulls securities has more than 7 lakhs customers in 1000 offline locations throughout India. Not only beginners but active traders can also enjoy margin trading by paying them a monthly fee. 

Annual charges 

  • Account Opening Charges – Rs. 450
  • Annual Maintenance charges – Rs. 450

Brokerage charges 

Indiabulls offer flat brokerage services of 0.01% per order in all segments if you pay Rs. 1000 per month.

  • Monthly charges – Rs. 1000 per month.
  • Flat brokerage charges – 0.01% per executed order.

If you are not interested in paying monthly charges, then you can go for Indiabulls power plan.

Indiabulls-Power plan brokerage charges

SegmentBrokerage Charges
Equity Delivery0.3% per order
Equity Intraday.03% are per order
Equity Futures.03% per order
Equity OptionsRs.100/Lot
Currency Futures.03% per order
Currency OptionsRs.100/Lot
Commodity.03% per order

Margin 

SegmentTrading Margin
Equity DeliveryUp to 5x 
Equity IntradayUp to 10x
Commodity OptionsUp to 2x
Equity FuturesUpto 3x
Equity OptionsUpto 6x
Currency F&OUpto 3x
Commodities F&O Upto 2x

Margin Funding 

Plan No.Fee for 30 Day Plan (in Rs.)Margin Funding (0% Interest)(in Rs.)
11,0000
22,0001,00,000
33,0002,00,000
45,0003,25,000
57,5005,00,000
610,0006,50,000
712,5008,50,000
815,00010,00,000
920,00012,50,000
1025,00015,00,000
1130,00017,50,000
1235,00020,00,000
1345,00022,50,000
1450,00025,00,000
15100,00050,00,000

Trading Platform

#1. Shubh Web – You will get multiple customizable watchlists and real-time updates about your favorite stocks. You will also get trading ideas from the research team. In-depth equity and F&O market analysis reports

#2. Shubh App –  Get trending sectors news with sentiment analysis. You can track Holdings, P&L, Positions, Margin and other details in one place.

Pros 

  • Discount brokerage against monthly fee
  • High margin funding at no interest
  • Capable research team

Cons

  • Monthly fee is high as compared to discount brokers
  • Not suitable for occasional traders

Best for 

Indiabulls is best for you if you want low brokerage by paying flat monthly charges. If you are into margin trading then Indiabulls offer you high margin funding by paying nominal charges.

Also check – Geojit vs Zerodha broker comparison

Best 3-in-1 Account In India 

#9. ICICI Direct Demat & Trading Account Review

ICICI Direct is one of the best 3-in-1 trading accounts in India. You can open a 3-in-1 account by opening up a savings account and ICICI bank will attach the demat and trading account to your savings account.

This will allow you to trade right from your bank account without any efforts of transferring funds to trading accounts or vice versa.

ICICI Direct’s trading platform Trade Racer is best in class platform for seamless trading. 

ICICI Direct’s brokerage is high but you can pay less brokerage if you are a small trader and  don’t invest more than Rs. 6000 intraday (not suitable for regular trader) because ICICI Direct charges Rs. 35 per trade or 2.5% of the trade value (whichever is lower) for trading amount below Rs. 6,364. 

Account Opening Charges 

  • Account opening charges – Rs. 975 (One time fee). 
  • Annual maintenance charges – Rs. 500 (email delivery of statement) or Rs. 600 (for delivery via courier).

Brokerage Charges 

Brokerage (for transactions up to Rs. 6,364) –  Rs. 35 per order or 2.5% of the order amount (whichever is lower). 

Brokerage (Transactions above Rs. 6,364 ) is given below.

SegmentBrokerage
Equity Delivery0.55%
Equity Intraday  Trading0.275% Because,1st Leg charges- 0.55%2nd Leg charges- 0
Equity OptionsFirst leg – Flat Rs. 95 per lot Second leg – Rs. 50 per lot
Equity FuturesFirst leg – 0.05% Second leg – Rs. 50
Currency OptionsFlat Rs. 25 per lot Second leg – Rs. 10 per lot
Currency FuturesFirst leg – 0.05% Second leg – Rs. 10

Margin 

SegmentMargin
Equity DeliveryUp to 5 times
Intraday EquityUp to 25 times (varies scrip to scrip)
Equity Futures4 times
Equity Options2 times

Trading Platform

#1. Trade Racer – Trader racer comes with live scanners to analyze market trends. Trade racer also provides “Heat maps” to spot real-time stock price movement. 

#2. iDirect Trader app – You get the miniature version of trade racer in iDirect trader app to get seamless trading experience on the go.

Pros

  • A 3-in-1 account for ease of trading
  • Instant money transfer using ICICI’s e-Atm facility
  • Multiple investment options like stocks, mutual funds, IPOs, NCDs and bonds
  • Reliable portfolio management service
  • Stable trading platform

Cons 

  • High brokerage 
  • Research advisory of no use if you do your own research

Best For 

Those who have a shortage of time to do their own research and don’t mind paying extra money to get reliable portfolio management service with research advisory.

#10. HDFC Securities Demat & Trading Account Review

hdfc securities Demat & Trading Account Review

You can open an HDFC securities 3-in-1 account without paying for it but you will have to pay annual maintenance charges from second year onwards. 

HDFC securities provide you a high end trading platform where you can perform live screening of a particular sector or at stock level Demat & Trading Account Review.

With an HDFC 3-in-1 account, you need not keep margin funds in the trading account.

Account Opening Charges 

  • Account Opening Charges – FREE
  • Annual Maintenance Charges – Rs 750 (Starts from 2nd year)

Brokerage Charges 

SegmentBrokerage
Equity DeliveryRs. 25 or 0.50% per executed order (whichever is higher)
Equity Intraday  TradingRs. 25 or 0.05% per executed order (whichever is higher)
Equity OptionsRs. 100 per lot or 1% of premium amount (whichever is higher)
Equity FuturesRs. 25 or 0.05% per executed order (whichever is higher)
Currency OptionsRs. 23 per executed order 
Currency FuturesRs. 20 per executed order
Commodity FuturesRs. 20 or 0.025% per  executed order (whichever is higher)
Commodity OptionsRs.100/- per lot

Margin 

SegmentBrokerage
Equity DeliveryUpto 1x
Equity IntradayUpto 8x
Equity FuturesUpto 3x
Equity OptionsUpto 2x
Currency FuturesUpto 3x
Currency OptionsUpto 2x
Commodities F&OUpto 2x

Trading Platform

HDFC Blink – You can use a single screen to place orders in equity and F&O. You can quickly access buy, sell and order books using shortcuts. Historical charts providing last 20 years data available for deeper understanding of market trends.

Blink is not free which is disappointing. You have to pay Rs. 2,999 for a validity of 6 months and Rs. 3,999 for a 1 year validity.

Pros

  • Multiple investment options – Stocks, NCDs, ETFs, bonds and mutual funds.
  • High end trading platform with 20 years historical data available.
  • Easily get NRI account in case you are not residing in India

Cons 

  • Brokerage is high 
  • Provide low margin as compared to the other stock brokers
  • Trading platform is paid
  • No commodities trading available

Best For 

If you really need extensive research advice and are willing to pay for trading platforms access as well as high brokerage.

#11. SBICAP Securities Demat & Trading Account Review

SBICap securities gives you a 3-in-1 trading account along with other investment services like Derivatives, Mutual Funds, ETFs, IPOs and NCDs.

You can also avail their research advisory services to manage your investments goals. SBICap securities also provide a dedicated NRI Desk to attend NRIs for their trading related issues.

Account opening charges 

  • Account opening charges – Rs. 850 (One time fee)
  • Annual maintenance charges –  Rs. 800 per year

Brokerage charges 

SegmentBrokerage
Equity Delivery0.50% per executed order
Equity Intraday  Trading0.05% or 5 paisa per share (whichever is higher)
Equity OptionsRs. 100 per lot
Equity Futures0.05% or 5 paisa per share (whichever is higher) 
Currency OptionsRs. 100 per lot
Currency Futures0.05% or 5 paisa per share (whichever is higher)

Margin 

SegmentBrokerage
Equity DeliveryUpto 1x
Equity IntradayUpto 8x
Equity FuturesUpto 3x
Equity OptionsUpto 2x
Currency F&OUpto 3x
Commodities F&OUpto 2x

Trading Platform

SBI Smart – You will get charting tools, on screen alerts, live streaming of stock news, and auto refreshing order book for effective trading.

SBI Smart Mobile – You can track your orders on the go. Even you can place new orders or get insta alerts if there’s change in market trends on your smartphone.

Pros of Demat & Trading Account Review

  • Dedicated relationship manager for advisory and quick help
  • One place to cater your investment needs
  • Independent financial advisors for customized financial advice as per your goals
  • Dedicated NRI desk
  • Trust factor of SBI bank

Cons 

  • High brokerage with low margin leverage as compared to other brokers
  • Average trading platform
  • Account opening and maintenance charges are relatively high

Best For 

If you need an investment advisory along with a trading platform or if you are an NRI and want a reliable trading platform. 

Final Words 

I have categorized the demat accounts for better understanding but if you want to pick the best demat account that offers you low brokerage, with other investment options like direct mutual fund investment, Bonds and IPO purchasing facility, then go for Zerodha.

If you need a low brokerage account with 3-in-1 facility then Upstox is what we would recommend as Upstox offers low brokerage, high margin and hassle free trading with its 3-in-1 account.

For newcomers who need research advisory, Angel broking with iTrade prime plans comes as the low cost demat & trading account with all full-service broker benefits.