11 Best Demat Trading Accounts in India 2024 (Lowest Brokerage Platform)

Best Demat Accounts Charges & Ratings 2024

Best Demat Account With Lowest Brokerage in India 2023

#1. Zerodha Demat Account

Account Charges

• Demat & trading account opening charges – Rs 200
• Commodity account opening charges – Rs 100
• Annual maintenance charges – Rs 300 per year

Zerodha Brokerage Charges

• Equity Delivery- zero brokerage
• Equity Intraday- 0.03% or Rs 20 per executed order whichever is lower
• Equity Futures- 0.03% or Rs 20 per executed order whichever is lower
• Equity Options-  flat Rs 20 per executed order

#2. Upstox Demat & Trading Account

Upstox

Upstox Account Regular Fee & Charges

• Upstox Demat and Trading Account Opening – Free (limited time offer) 
• Upstox Annual Maintenance Charges – Zero (limited time offer) 

Upstox Trading Brokerage Charges 

What We Didn’t Like

#3. 5Paisa Demat Account

Best mobile trading app

5Paisa Annual Charges Details

• Rs 0 per month – if holding value less than Rs. 50,000  
• Rs 8 per month – if holding value is Rs. 50,000 to Rs. 2 lacs
• Rs. 25 per month – if holding value is above Rs. 2 lacs

5paisa account opening is FREE. 

Margin provided by 5Paisa

5Paisa Brokerage Charges

#4. Paytm Money Demat Account

Free Account Opening

Paytm Demat Account

• Free account opening
• Lower brokerage of Rs 15

Paytm Brokerage Charges   

• Delivery Trades – Lower of Rs. 15 or 2.5%
• Intraday trades – Rs. 15 or 0.05% of turnover per executed order whichever is less
• F&O trades – Rs. 15 or 0.02% of turnover per executed whichever is less

Paytm offers Demat AMC for – Rs. 0 as compared to a minimum of Rs. 200 at other stockbrokers. But you need to pay Rs 30 per month as a trading platform fee.

But you need to pay additional charges like – 

• Annual Platform fees – Rs. 30 per month
• Call and Trade order charges – Rs. 100 per executed order
• Payment gateway charges – Netbanking – Rs. 10. UPI – Rs. 0

USP of Paytm Money Demat cum Trading Account 

• Rs. 0 delivery charges (1 paisa per order)
• One of the lowest flat Rs. 10 brokerages on trading

What I Didn’t like –

• Rs. 30 per month platform charges
• Commodity and currency trading options are unavailable

#5. IIFL Demat Account Review

IIFL Securities Ltd (IIFL) is one of the biggest full-service stockbroker with more than 24 Lakh customers. IIFL Demat account is good for investors who need guidance and research support while making investment decisions.

Recently, IIFL has come out with iSERVE plan charging Rs. 20 per order for all the segments.

IIFL Account Opening Charges (iSERVE plan)

• Account opening charges – FREE 
• First-year annual maintenance charges – FREE (limited time)
• Annual maintenance charges second year onwards – Rs 25 per month

IIFL iSERVE Plan Brokerage Charges

• Stock delivery – Rs. 20 per trade 
• Intraday, Equity F&O, Currency F&O and Commodity F&O – Flat Rs 20/trade

Benefits of IIFL Demat Account

#6. Angel One Demat Account Review

Angel One (earlier Angel broking) is one of the oldest brokerage companies in India having 10 million customers.

Angel One Brokerage Charges

Angel One charges a flat Rs 20 per trade irrespective of the trade volume.

Brokerage Charges Across the Trading Segments

Angel One Provided Trading Platforms

Account Opening and AMC Charges of Angel One

• Trading Account Opening Charges – Rs 0.
• Demat Account Opening Charges – Rs 0.
• Annual Maintenance Charges – Rs. 0 for the first year then Rs. 20 per month.

Best Demat Account for Small Investors

#7. Sharekhan Demat & Trading Account Review

Sharekhan is a full-service broker that includes trading, portfolio management, research and mutual funds along with investor education. Presently the company provides service from 3500+ share shops across 600+ cities to over 2.5 million customers.

Account Charges of Sharekhan account

• Trading Account Opening Charges – Nil
• Demat Account Opening Charges – Nil
• Annual Maintenance Charges – Rs. 400 per annum (1st year free)

Brokerage Structure

Sharekhan Trading Platforms

#8. Religare Broking Demat Account Review

Religare Broking is a wholly-owned subsidiary of Religare Enterprises Limited. Religare Enterprise is a diversified financial service group. Religare Broking serves more than 10 Lakh customers across both online and offline platforms.

Religare broking offers services in equity, currency, commodity trading and depository participant services.

Account Charges

• Demat Account Opening Charges – Nil
• Trading  Account Opening Charges – Nil
• Annual Maintenance Charges – Rs. 400 p.a. payable on a monthly basis

Religare Demat & Trading Account Brokerage Charges

• Equity Intraday Charges – Maximum 2.5%
• Equity Delivery – Maximum 2.5%
• Equity F&O – Maximum 2.5% / Rs. 100 per lot

#9. Motilal Oswal Demat Account Review

Motilal Oswal provides a huge number of services such as private wealth management, retail broking, and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, currency broking, principal strategies & home finance.

Account Charges

• Demat Account Opening Charges – Rs 0
• Trading  Account Opening Charges – Rs 0
• Annual Maintenance Charges –  up to Rs 899 depending on the scheme.

Motilal Oswal Brokerage Charges

Motilal Oswal Trading Platforms

• MO Trader Desktop EXE Trading Platform – A desktop-based platform that needs to be installed on your PC or laptop. The system provides access to over 30,000 research reports across all asset classes.
• MO Trader Web Platform – Where trading account can be accessed online easily with any browser on the web
• MO Trader Mobile App – A mobile platform for smartphone users providing real-time data and trade execution.

Benefits of Motilal Oswal

Best Bank For Demat Account in India ( 3-in-1 account )

#10. ICICI Direct Demat and Trading Account Review

ICICI direct is one the largest stock brokerage company having more than 50 Lakh customers. ICICI Direct provides a wide range of services and investment options which includes

Who Should Apply

1) ICICI direct Prime – with access to premium research reports and instant payout through eATM for the shares sold. 

2) I-Secure Plan – Where a fixed percentage of brokerage is charged. 

3) Prepaid Brokerage Plan – You have to pay prepaid brokerage (valid for lifetime) under this plan.

4) ICICI Direct Neo Brokerage Plan – is suited if you trade mostly in the Equity Futures segment. You need to pay Rs. 0 per order for trading in Equity Futures under the plan.

But ICICI Direct charges Rs. 299 as one-time subscription fees for the Neo plan.

Charges for other segments are under –

Note- 0.15% brokerage is applicable if you happen to take physical delivery of the F&O contract.

ICICI Direct Account Charges

• Account Opening Charges – NIL
• Annual Maintenance Charges –  charges for ICICI Direct Neo – Rs. 300 from first year onwards. AMC charges under other plans – Rs 700 (1st year free).

If you want to compare ICICI Direct with Zerodha then you check side by side comparison of ICICI Direct vs Zerodha.

#11. HDFC Securities Review

HDFC Securities Limited is a subsidiary of India’s largest private bank HDFC Bank. HDFC securities provide a 3-in-1 account that integrates your saving account, trading account and the demat account.

Account Charges

• Account Opening Charges – NIL
• Account Annual Maintenance Charges –  Rs 750

HDFC Securities Brokerage

HDFC Trading Platform

• HDFC Pro Terminal – Pro terminal is a web-based trading platform with real time market data and features like market analysis and sentiment analysis. HDFC charges Rs. 1,999 for 12 months for the Pro terminal use.
• HDFC Securities Mobile Trading – HDFC mobile platform allows trading in equities and derivatives in just a few clicks using mobile phones.

Benefits

• Due to integrated accounts, funds can easily transfer from one account to another. Only helpful for HDFC saving account customers.

Drawbacks

• If you are a new customer to HDFC,  then firstly you have to open a savings account.
• Rs. 1,999 charges for using Pro trading terminal