Are you a person who believes in making money out of money? Do you want to get into investments and make utmost profits? Do you want to know more about demat and trading accounts? If yes, then here is the solution to all your queries. If an individual is a beginner in the field of stock market then he needs to have a demat account. This account helps the individuals to carry out secured transactions. One can hold their shares electronically in dematerialised form. It can be made with zero balance in the account.
A trading account is primarily used to identify the gross profit or loss experienced in a specific amount of time. One can get to know about the direct expenses and gross profit or loss.
For these purposes, here are BEST DEMAT AND TRADING ACCOUNTS IN INDIA IN 2021.
Upstox is one of the premier broker in India because of the benefits it offers. It provides cheap brokerage charges, high margins and an advanced technology platform. One can save to a certain extent when it is compared to other full brokers. It requires zero stock deliver brokerage. The account can be opened without any hassle. The demat and trading account can be opened without paying a single penny. Its annual maintenance charge is Rs 25 per month. It is a really good trading platform. The drawback is that one cannot invest into IPO and FPO.
IIFL Securities Limited offers a magnificient platform with full service stock broker. It has around 4 million customers. It provides proper mentoring for investment decisions. It delivers variable brokerage, flat brokerage and value added brokerage. It provides services including mutual fund investment, loan products, research advisories, etc. Demat and trading account can be opened for free. One does not have to pay AMC charges for the first year. Rs 250 is the annual maintenance charge. It provides daily stock tips and tricks along with numerous research reports.
Religare Securities Limited is a diversified financial group which is a subsidiary of the Religare group. It serves around 8 lakh customers who are satisfied with the platform. It provides broking services in commodity, currency and equity. The demat and trading account opening charges are zero. Rs 400 is the annual maintenance charge and intraday charges are 0.5%. One can carry out the processes anytime and anywhere. The facility of intraday reporting and historical charting is also provided here.
This platform is considered to be trusted and recommended by majority of the people. It has around 3 million user base and the customer support is way higher. It has fixed Rs 20 on intraday trades. It provides zero brokerage on stock deliveries. It also offers amazing features like charts and tools for technical analysis. The demat and trading account opening process requires Rs 200. The annual maintenance charge is Rs 300. It also provides access to multi markets, simple user interface, streaming price data, etc. The brokerage delivery is completely free. It provides a margin of 4 to 15 times. Also, there is no minimum cap of brokerage per transaction.
- SBICAP SECURITIES
SBICap Securities is quite rich in the services that it offers. It offers mutual funds, OFS and investment in IPO. The demat and trading account can be opened with Rs 850. One can also invest in NCDs and ETFs. The annual account maintenance charges is Rs 400. It offers two types of platforms. The first platform is specifically for desktop and the other is for mobile. The software has to be downloaded on respective devices for the proceedings. It requires 0.5% on delivery brokerage. The equity intraday is 0.075% on each leg.
5Paisa also provides the individual with the platform to create a demat and trading account. The brokerage charges are Rs 0. It provides the benefit of seamless integrated investment. It can be carried out on desktop, mobile and one can even use their own API. The individuals can analyse their portfolios and compare them with benchmarks. The three subscription plans that it offers are basic pack, power investor pack and ultra trader pack. The facilities which are provided are based on recognised and latest technologies.
- ANGEL BROKING
Angel Broking offers services over a wide and extensive network. One can experience seamless and safe platform for online trading. Individuals can track their investments as well as analyse them. The sign up is completely hassle free and paper less. People can learn the concepts of investment like equity related strategies. One can also get in depth knowledge of trading and stuffs related.
- HDFC SECURITIES
HDFC Securities is a financial services company allowing online trading. One can create demat and trading account to get on with the processes. It has the facility to integrate trading account with savings account along with existing demat accounts. It offers seamless transactions electronically which are very quick. No manipulation of data is done and safety is of prime importance. Rs 900 is the charge for opening a new account.