Which is Best Demat Account: The One-stop Guide
Nowadays demat account is mandatory if you want to buy sales of the stock market. Previously there was hectic paperwork while buying any shares or selling that that has been resolved by the introduction of a demat account.
You can purchase and sell shares digitally and store them electronically. Check out the guide of best demat accounts where you can know the pros and cons of each account and select them as per your choice.
Axis Direct Demat Account
With a customer base of 2 million trusted clients, it is one of the best brokers that provides you with effective research tools and educational materials to take in front of financial decisions.
Top Features
- Provide a 3-in-1 account for demat, trading and banking.
- Effective research tools.
- Supports trading in equities, commodities, ETFs, bonds derivatives and more.
- Also provides educational tools such as blogs the winner’s tutorials and articles by knowledgeable experts.
Pros
- Zero maintenance charge for the first year
- Expert research reports are provided for free.
- Business-friendly as you also provide educational material.
Cons
- Non-Axis Bank customers have to be a high account management charge.
SBI CAP Securities Demat Account
SBICAP securities is a mobile-based training platform that provides guidance and research tools that help investors to make sound financial decisions. SBI securities if backed by well known SBI group was also another largest banks of India SBI bank.
Features
This demat account provides you with all the tools like live market updates, research tools, and trading recommendation that helps a beginner investor to profit from the market and become a successful investor.
Pros
- Research Tools
- Live market analytics.
- Trading recommendation.
- Dedicated relationship manager.
Cons
- High account opening fees of Rs. 850
ICICI Direct Demat Account
ICICI Direct Demat Account is one of the best demat accounts ideal for investing in domestic and international markets. It is a digital platform where you can trade stocks buy mutual funds fractional shares stocks, bonds and a number of other assets.
It also provides you with market guidance with the help of research tools that assist you in investing and you can also buy fractional shares of US markets.
Features
- You can invest in stocks, mutual funds, commodities, IPOs currencies and more.
- Learning materials
- Exclusive market insights and research.
- The facility of investing in global shares in fractional mode.
Pros
- You can buy fractional shares
- The facility of investing in the international market
- No minimum balance requirement
Cons
- High brokerage fees for a beginner individual or investor. High brokerage worth rupees 35 per order.
Kotak Securities Demat Account
Kotak Securities Demat Account is one of the versatile demat accounts where you can get 3-in-1 benefits that includes a trading recommendation market analysis tool. It may be the best option for those trading with small capital.
Kotak demat account also allows you to invest in small cases.
Features
- Market analytics and research tools
- 3 in 1 account allows you to manage savings, trading and demat account together via a single interface.
- Allows margin trading which means you can trade with a small amount where you get a high margin from the broker.
Pros
- An ideal account for small investors.
- 3 in 1 account benefit.
Cons
- The brokerage charge is a bit higher
- Equity intraday: free of cost
- Equity delivery: 0.25%
HDFC Securities Demat Account
HDFC securities are one of the oldest and most trusted trading platforms if you are especially looking for some offline advice. They also provide you seem this digital platform where you can place your traits without any hassle.
They are also known for their impeccable customer service available 24 hours a day 7 days a week.
Features
- Margin trading facility available.
- Market research tools provided.
- Invest in currencies, commodities IPOs ( initial public offerings) mutual funds, stocks and other asset classes.
- The seamless interface on a mobile phone.
Pros
- 24/7 customer support.
- Invest in global stocks
- Smart tools for portfolio management.
Cons
- High demat account management charge in comparison to its competitors.
Zerodha Demat Account
Zerodha is a low brokerage demat account and one of the best stock brokers in India. With an impressive customer base of 5 million, it provides you a trading and a demat account where you get charting and market research tools that empower you to take informed and sound financial decisions.
Features
- Charting and market research tools are provided.
- You can gain market knowledge through the Zerodha Varsity app on your smartphone.
- You can also invest in mutual funds using Coin By Zerodha app.
Pros
- High-quality chatting and market research tools
- Dedicated varsity app for gaining market knowledge.
- Low brokerage fees
- You can create your own trading style after requiring knowledge.
Cons
- Access to only Indian markets.
Upstox Demat Account
Upstox Demat account provides you with the option to invest in equity, mutual funds, gold, futures and more through a simple where mobile interface. Comes with low brokerage fees and you also get research tools that help you makes smart judgements and informed financial decision in the live market.
Features
- Paperless and digital accounts can be opened in a few minutes.
- Get live market updates on a regular basis.
- Low brokerage fees
- The facility of buying and sell of gold.
Pros
- Delivery charges on long-term investing are 0.
- You can start with little or less capital.
Cons
- You don’t get a dedicated relationship manager like a full-service broker.
IIFL Demat Account
IIFL limited account comes with a lot of advanced features like portfolio analysis software that can be extremely helpful for the investor to manage their portfolio.
You can open IIFL account for free where you also get free market analysis tools that allow you to invest when you are ready and make an informed financial decision.
The trading course is low and you also get price alerts which is one of the advanced features.
Features
- In that market research tool
- Portfolio analysis software that helps you to design a well-balanced portfolio.
- IPOs, mutual funds, commodities, and currencies stocks can be traded easily through IIFL.
Pros
- No account opening charges
- Free price alerts
- Provide effective tools that can help you become a pro-investor.
Cons
- Brokerage fees are higher.
SherKhan Demat account
Shrikant demat account comes with almost all the features including learning portfolio management market research, etc that suits both beginner and professional investors. It may prove to be one of your best choices if you are looking to open a demat account.
It supports varieties of assets like stocks bonds mutual funds IPOs and other assets. Professionals through Sher Khan can easily be hired to rebalance and manage your portfolio.
Features
- Supporting audio and videos to help you understand markets.
- Learning materials.
- Professional service is available to manage your portfolio.
- Stocks, mutual funds, ETFs, futures, and options can be traded with Sherkhan.
Pros
- Price alert facility
- Customer service availability 24/7
- No minimum deposit requirement.
- Expert portfolio management
Cons
- Time taking account opening process.
Angel Broking
Angel broking is one of the leading brokers in India founded in 1987. With Angel broking demat account you can trade in mutual fund equity options in futures currencies and commodities.
Features
- Various asset classes are available for trading and investing.
- 100% paperless and digital account opening process.
- Available in regional languages like Hindi.
- Portfolio management services.
Pros
- Zero brokerage in all segments.
- Stocks bought on delivery are free of brokerage charges.
- Fractional investing in world markets.
- Free account management services for 1st year.
Cons
- Customer Service is a bit delayed.
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