Now that we understand what factors need to be considered while selecting the best demat account, let’s check out some brokerage firms that we can trust:
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Zerodha
Zerodha has become one of India’s most popular and affordable brokerage firms, and they are known for their lowest brokerage charges. They offer a flat brokerage rate of just Rs 20 for equity-based trades, which means investors can save a significant sum of money. The platform also offers a wide range of features, including a user-friendly mobile app, various trading tools and charts, and easy-to-access research tools.
Upstox
Upstox is another popular platform, and like Zerodha, they also have a flat brokerage fee of Rs 20 for equity trades. Upstox offers a trading platform that is easy to navigate and has several useful tools, including a technical indicator and charting tools.
5Paisa
5Paisa is a discount broker that offers a flat rate of Rs. 20 brokerage for intraday and equity trades. With its easy-to-use website and mobile trading app, 5Paisa provides a wide range of research tools, including fundamental and technical analysis of stocks, in-house recommendations and reports, and live stock quotes.
Angel Broking
Angel broking has a flat brokerage rate of just 20 rupees for equity trades, which is ideal for those on a tight budget. Angel Broking also provides several online and offline services such as Angel Broking App, monthly reports, RM or dealer services, and many more facilities.
Prostocks
Although it is a relatively new brokerage firm, Prostocks has quickly gained popularity and is known for its low brokerage fees. They offer a flat brokerage rate of Rs 15 for equity-based trades which is the lowest brokerage fee in India currently. Prostocks provides its clients with a user-friendly trading platform, offers a range of tools, including advanced charts, and has excellent customer service.