The stock market offers
the services of stock brokers who deal in providing and managing the Demat
account for their investors/ traders. To have best
Demat account in India, one requires deep insights and analysis
for the same. Finding the best broker who will provide the service of demat
account needs a practical approach, one has to make evaluations about the
trading done by the brokers and look for loopholes those brokers are suffering
in regards to the trading requirements. This article will help you to find a
perfect broker who will provide its best services at lowest brokerage rate and
other expenses.
Before moving ahead,
let us discuss what is a Demat account? Demat account is an account where
shares and securities of the investor are held in an electronic form. In other
words, Demat account is like a bank account in case of which, when securities
are bought they are kept in Demat account and when they are sold, the securities
are taken out from that account the traders have to register themselves with
the stock brokers before opening demat account.
Following is the list
of some stock brokers who provide demat account. Their description can help you
to select the most appropriate one for your trading.
1. Wisdom capital-
Wisdom capital is one of the best demat account providers because their
brokerage cost is quite less than other brokers like SBI demat account, ICICI
demat account etc. They charge nothing for the services of opening demat
account. They allow trading in mutual funds, commodities, equities etc. They
are known for providing best performance.
2. 5 Paisa- They are
the Mumbai based discount Brokers who introduced a new brokerage model. With
more than 5 years in Indian share market, they are among top 10 best demat
account providers. They offer free demat account with low brokerage rate as
compared to other brokerage firms.
3. Zerodha- Zerodha
introduced the idea of flat fee brokerage in India. They charged flat fee of Rs
20/- for every executed order. They also charge fee for the opening of Demat
account and annual maintenance charges are also charged.
4. Upstock- The upstock
is holding position among Top 10 best brokers. The investor here can take the
advice of the brokers. They charge Rs 150 for the opening of demat account and
allows trading in equity, mutual funds, commodity etc.
A quick comparison
between the above four brokers-
|
|
Wisdom
Capital
|
5
Paisa
|
Zerodha
|
Upstock
|
|
Trading
Account Opening Fees
|
Rs
0
|
Rs
650
|
Rs
300
|
Rs
150
|
|
Trading
AMC
|
Rs
0
|
Rs
0
|
Rs
0
|
Rs
0
|
|
Demat
Account Charges
|
Rs
0
|
Rs
0
|
Rs
100
|
Rs
150
|
|
Demat
Maintenance Charges
|
Rs
999 + GST
|
Rs
400 per year
|
Rs
300
|
Rs
150 per year
|
These are the top
brokers from the list of 10 top brokers in India. On the basis of their
services and charges, the investors can select the most appropriate broker.
This article provides an over view for the available and best brokers in the
country
