In recent years, there has been a significant rise in the popularity of online trading in India. With a growing number of investors and traders looking to capitalize on the markets, finding the right demat account has become an essential part of the trading process. One of the most significant considerations when selecting a demat account is the fees associated with trading, including account opening fees, brokerage fees, and other charges. Fortunately, several brokers offer completely free demat account, allowing traders to invest in stocks and other securities without incurring any fees. In this article, we’ll explore some of the best free demat accounts available in India.
Zerodha
Zerodha is a leading discount brokerage firm that offers free demat accounts to traders and investors. The company is known for its transparent pricing structure, charging a flat brokerage fee of just ₹20 per trade, regardless of the size of the transaction. Zerodha offers a powerful trading platform, Kite, which is available on both desktop and mobile devices. The platform offers several advanced trading features, including charting tools, real-time market data, and advanced order types. It gives the best stock trading app.
5Paisa
5Paisa is a discount brokerage firm that offers completely free demat accounts. The company charges a flat brokerage fee of just ₹20 per trade, making it a cost-effective option for traders and investors. 5Paisa offers a powerful trading platform, Trade Station, which is available on both desktop and mobile devices. The platform offers several advanced trading features, including real-time market data, charting tools, and a variety of order types.
Upstox
Upstox is another popular discount brokerage firm that offers free demat accounts to traders and investors. The company charges a low brokerage fee of just ₹20 per trade and offers a powerful trading platform, Upstox Pro, which is available on both desktop and mobile devices. The platform offers several advanced trading features, including real-time market data, charting tools, the best stock trading app and a variety of order types.
Alice Blue
Alice Blue is another discount brokerage firm that offers free demat accounts to traders and investors. The company charges a low brokerage fee of just ₹20 per trade and offers a powerful trading platform, Ant Web, which is available on both desktop and mobile devices. The platform offers several advanced trading features, including real-time market data, charting tools, and a variety of order types.
Angel Broking
Angel Broking is a leading full-service brokerage firm that offers free demat accounts to traders and investors. The company charges a low brokerage fee of just ₹20 per trade and offers a powerful trading platform, Angel Broking App, which is available on both desktop and mobile devices. The platform offers several advanced trading features, including real-time market data, charting tools, and a variety of order type while using the best stock trading app.
Paytm Money
Paytm Money is a relatively new entrant to the discount brokerage space, but it has quickly gained a reputation for offering one of the best free demat accounts in India. The company charges a low brokerage fee of just ₹10 per trade, making it one of the most cost-effective options available to traders and investors. Paytm Money offers a powerful trading platform, Paytm Money App, which is available on both desktop and mobile devices.