Best Brokerage Firm to Open Demat Account in India

There are many brokerage firms in India which open Demat account of their customers and help them to buy and sell stocks in the stock market. Before telling about best brokerage firm I would like to give a small brief about a Demat account. Most of the people are aware of this account, actually, Demat account is a trading account without this account you cannot do trading in the stock market.

Demat account stands for a dematerialising account, it is just like an original account and you can open this account in any public and private banks. Traders can also open a Demat account in brokerage Firm. Because of so many brokerage firms, it is quite confusing to choose best one.

For frequent traders, it is important to select brokerage firm carefully otherwise brokerage charges will eating away their all profits. Actually, it is happening with most of the traders who invest many times in a month in equity derivatives, but because of high brokerage charges they left with few bucks at the end of the month. If you are looking for best demate account which offers lowest charges for stock trading and maximizes your profit then don’t worry here we mentioned top brokerage firms in India in which you can open Demat account:

Top 5 Best Brokerage Firm to Open Demat Account in India

1. Angel Broking Demat Account:

Angel broking is a well known and one of the oldest brokerage firm in India. It branches cover over 900 cities having 10,00,000 customers. Customer care service of Angel broking is outstanding, this is a reason thousands of people are connected with it. It provides different trading platforms to their customer namely:

Angel Broking Demat Account

  • Angel Eye: It is a web-based platform, their customers and executives use this platform for portfolio tracking and updated quotes. Angel Eye also provides latest market information and live news.
  • Angel Broking App: Angel Broking App is specially designed for mobile phones so that their client can watch current market prices and track your portfolio on their mobile phone.
  • Angel Speed Pr: This is an additional service provided by Angel broking firm. Angel Speed Pro is installable software; it comes with 30 days intraday and 20 years historical data.

Additional Services Provided by Angel Broking:

  • They provide three months free SMS service
  • They provide margin up to 10 times of the amount deposit.
  • Their new clients can start trading within 1 hour through digital KYC.

Account Charges of Angel Broking:

Angel Broking open Demat account absolutely free but their account maintenance charges are divided into four categories:

  • Angel Classic – If you invest is Rs. 10,000 to Rs. 24,999 in trading then you have to pay Rs 450 per annum.
  • Angel Preferred – If you Invest is Rs. 25,000 to Rs 49,999 then you have to pay Rs 450 p.a after one year. Yes, in Angel Preferred service they provide one-year free maintenance.
  • Angel Premier – If you Invest is Rs. 50,000 to Rs 99,999 then you have to pay Rs 450 P.A after years. In Angle premier, they service, they provide two-year free maintenance.
  • Angel Elite – Agle Elite service is for HNI customers whose investment is 1,00,000 & more. In this they Angel broking provides three-year free maintenance and after that, they charged 450 p.a.

All the services of Angel broking firm are mind-blowing only they charged capped at a minimum of Rs 30 per transaction. It is quite high for small investors.

2. Sharekhan Demat & Trading Account:

Sharekhan is one of the well know and leading brokerage company which is associated with more than twelve lakh customer. Currently, they are providing service in more than 1800 offices across 550 cities. Sharekhan provides two types of account:

Sharekhan Demat Account

  1. Classic Account: Classic account is specially designed for online traders, who invest in equities and derivatives best suited for them. This account has multiple features like price alerts, watch lists,  real-time portfolio tracking and integrated banking.
  2. Trade Tiger Account: Trade tiger account is designed for frequent traders who trade many times in a day during the trading session. If you are an intra-day trader then this account is perfect fo you because it has all the features that one trader needed during a trade.

Account Charges of Sharekhan Account:

  • Sharekhan charge Rs 750 to open a classic trading account and Rs 1000 for  Trade Tiger account. There account opening charges changes time to time.
  • Their Demat account is opening charges are included in trading account opening charges
  • Annual maintenance charges for Demat account is Rs 400
  • Annual maintenance charges for trading account is Rs 0

Brokerage Structure of Sharekhan:

  • If traders trade on Equity Intraday than they have to pay 0.1% on both sell & buy as a Brokerage. It is minimum 5 paise per share
  • If traders trade on Equity Delivery than they have to pay 0.5% as a Brokerage. It is minimum 10 paise per share
  • If traders trade on Equity Futures than they have to pay 0.1% as a Brokerage.
  • In Equity Options, traders have to pay Rs 100 per lot or 2.5% on premium

Benefits of Sharekhan:

Sharekhan provides many benefits to their clients because of this millions of people are associated with it. The benefits of Sherkhan are:

  • If you open your trading account in Sherkhan than your first six months brokerage charges will be adjusted in the account opening charges or it may be waived off.
  • They provide free annual maintenance for one year.
  • Sharekhan booking firm provides online & offline training workshops for their investors.
  • They also provide free call & trade facility.

No doubt, Sherkhan is a top most brokerage firm in India but there are some drawbacks in their services. The drawbacks of Sharekhan brokerage firm are:

  • Brokerage charges of Sherkhan are quite high as compared to other firms.
  • Minimum charge of brokerage per stock reduces the profit on a trading penny stock.

But customers can negotiate on brokerage charge at the time of account opening.

3. Motilal Oswal Demat Account:

If you are looking for best brokerage firm then you can also go with Motilal Oswal financial services. It is at the 3rd position in the list of the best brokerage firm in India. They provide an enormous number of services to their customers such as retail broking and distribution, currency broking, principal strategies & home finance, commodity broking, private equity, private wealth, management, investment banking, institutional broking and asset management. In India,  Motilal Oswal has more than 1700 business locations and more than 7.5 lakh registered customers. Their solid research and effective advice is a reason of its success.  Motilal Oswal sends around ten percent of their revenue on hiring & training for research.

Motilal Oswal Demat Account

Motilal Oswal Demat Account Charges:

  • They open Demat account free of cost for their customers
  • They open trading account free of cost for their customers
  • They annual maintenance charges is Rs 450 P.A.

Brokerage Charges in Motilal Oswal Broking Firm:

  • For Equity Intraday they charge 0.05% brokerage charge on both sells & buy
  • for Equity Delivery    they charge 0.5%, 10 paise per share
  • For Equity Futures they take 0.05% brokerage charge
  • For Equity Options    they charge Rs.75 per lot

Motilal Oswal Trading Platforms:

There are three trading platforms offered by Motilal Oswal i.e Desktop Trading Platform, Web Trading Platform and Mobile Trading Platform.

  1. Desktop Trading Platform: Desktop platform for trading designed for those customers who trade online. It is very easy to install this platform in the system. With the help of this platform, Motilal Oswal provides access to over 30,000 research reports across all asset classes.
  2. Web Trading Platform: Web Trading Platform allow users to access their trading account easily with any system through web
  3. Mobile Trading Platform: Mobile Trading Platform allows a user to do trading on their mobiles phones and tablets.

Benefits of Motilal Oswal:

There are many benefits of using Motilal Oswal, some of them are:

  • They provide free brokerage for the first month.
  • There advice is very accurate and won many awards for their research
  • They cover around 95% of market capitalization.

4. 5Paisa Demat Account:

5Paisa is an online financial advisory company of India infoline securities Pvt. Ltd. It has a wide network of around more than 4000 branches over 900+ cities. Earlier they charged 5Paisa brokerage but now they changed their policy. Currently, 5Paisa company is charging a flat rate of Rs 10 per executable order irrespective of the trade volume.

5Paisa Demat Account

Account Charges of 5Paisa Demat Account:

  • They charge Rs 750 for opening trading and demand account
  • They provide one-year free maintenance
  • After one year, they charge Rs 400 for annual maintenance

Margin provided by 5paisa Brokerage firm:

  • For Equity Intraday they provide margin up to 15 times
  • For Equity Delivery they provide margin up to 5 times
  • For Equity Futures    they provides margin up to 2 times
  • For Equity Options, they provide margin up to 2 times
  • For Currency F&O they provide margin up to 2 times

5Paisa Brokerage Structure:

Brokerage Charges of 5Paisa Company

  • For Equity Intraday they charge ten rupees per executed order
  • For Equity Delivery they charge ten rupees per executed order
  • For Equity Futures charge ten rupees per executed order
  • For Equity Options, they charge ten rupees per executed order
  • For Currency F&O they charge ten rupees per executed order

Trading Platform of 5Paisa Brokerage Firm:

  • Investor Terminal – Investor terminal is designed for low volume traders. It is very easily to access this terminal and it based on the web.
  • Trader Terminal – Trader terminal is designed for those traders who trade frequently on a high volume. It is has a powerful interface and fast execution.

Advantages of 5Paisa:

There are many advantages of 5 Paisa such as:

  • They provide 24*7 customer support
  • Their calls are accurate
  • Provide stop loss
  • Free annual maintenance for one year. But they charge Rs 20 for offline trade which is quite high as compared to other brokerage firms.

5. Ventura Securities:

Ventura is also a reputed financial advisory company which provides fruitful services to their client to invest in equity, commodities, equity derivatives, mutual funds, currency futures and fixed income products. Their trading platforms are as good as Angel & Sharekhan but they provide good customer support over the phone. You can use Ventura Securities’s trading platform only if you are existing trader. They usually provide two types of trading platforms such as web-based trading platform and Windows based trading platform.

Ventura demat account

Account Charges in Ventura Securities:

Trading can open their trading account in Ventura Securities only in Rs 150

  • Charges for Demat account is Rs 300
  • First Year Annual Maintenance Charges is 0
  • Annual maintenance charges of Demat account is Rs 400
  • Annual maintenance charges of trading account is 0

Brokerage Charges in Ventura Brokerage Firm:

The brokerage charge of Ventura is designed on the basis the plan that you will choose. Their customers have to pay an amount of plan at the time of account opening. If you open your trading account in Ventura Securities then your brokerage will be adjusted against deposit throughout the year.

Chart of their Brokerage:

  • If you are taking a plan of Rs 1,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.45%, for Equity Intraday is 0.05%, for Equity Futures is 0.05% and for Equity, Options is Rs 50 per lot.
  • If you are taking a plan of Rs 2,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.35%, for Equity Intraday is 0.04%, for Equity Futures is 0.04% and for Equity Options is Rs 50 per lot.
  • If you are taking a plan of Rs 3,500, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.20%, for Equity Intraday is 0.03%, for Equity Futures is 0.03% and for Equity Options is Rs 50 per lot.
  • If you are taking a plan of Rs 5,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.17%, for Equity Intraday is 0.025%, for Equity Futures is 0.025% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 7,500, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.15%, for Equity Intraday is 0.02%, for Equity Futures is 0.02% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 9,999, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.15%, for Equity Intraday is 0.02%, for Equity Futures is 0.02% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 10,000, then its validity is 6 months. Their brokerage charges for Equity Delivery is 0.15%, for Equity Intraday is 0.015%, for Equity Futures is 0.015% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 15,000, then its validity is 6 months. Their brokerage charges for Equity Delivery is 0.13%, for Equity Intraday is 0.0125%, for Equity Futures is 0.0125% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 18,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.15%, for Equity Intraday is 0.015%, for Equity Futures is 0.015% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 25,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.13%, for Equity Intraday is 0.0125%, for Equity Futures is 0.0125% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 30,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.10%, for Equity Intraday is 0.01%, for Equity Futures is 0.01% and for Equity Options is Rs 35 per lot
  • If you are taking a plan of Rs 40,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.10%, for Equity Intraday is 0.01%, for Equity Futures is 0.01% and for Equity Options is Rs 25 per lot
  • If you are taking a plan of Rs 50,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.10%, for Equity Intraday is 0.01%, for Equity Futures is 0.01% and for Equity Options is Rs 21 per lot
  • If you are taking a plan of Rs 72,000, then its validity is 1 year. Their brokerage charges for Equity Delivery is 0.10%, for Equity Intraday is 0.01%, for Equity Futures is 0.01% and for Equity Options is Rs 18 per lot

Hope all the above-mentioned information will help you to choose best brokerage firm in India

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