This is another important information of share market from Capital Vraddhi. Read the full article to get information about best broking firms to open a Demat account in India.
Since people have been showing great interest in investing in the share market and thus it has become more important for customers to choose the best in the market.
Few of the best broking firms in India mentioned below:
1. Sharekhan – Online brokering company:
You can be among many satisfied customers if you choose to trade with them. It is serving around 12 lakh customers.
Salient Features:
It provides an online trading solution for trading in public shares and future contracts, designed for investors. Its functionality includes multiple watch list, portfolio monitoring on a real-time basis and offers core banking.
Its also enables traders who perform trading activities throughout the day with the help of tiger trading app.
2. Angel Broking Demat Account:
Angel Broking is one of the oldest brokering house in the country with a fine support system. These qualities have enabled it to set up 900 branches across India and providing to more than 1 million.
The cost incurred for accounts by Angel Broking:
• Charges for opening a trading account- Nil
• Charges for opening a Demat account- Nil
• Annual Maintenance Charges- Negotiable
3. Aditya Birla: Demat and Trading Accounts-
They are one of the leading brokers in the market with many unique features.
Account opening cost:
• The cost incurred by the customer for opening Demat account-Rs. 555
• Charges for opening a trading account- Nil
• AMC for first five years- Nil
Moreover, they also allow you us to deal and invest in equity market using both the stock exchanges of the country. They also allow you to trade on India’s newest stock exchange called Multi- Commodity Exchange.
You can also use it subsidiaries to trade on MCX and NCDEX.
4. 5Paisa Demat Account:
The most significant benefit of having a Demat account with 5Paisa is that they charge only Rs. 10 per trade irrespective of trading volume.
Other benefits:
• No DP charges on first five transactions
• No maintenances charges for five years
• Single account for investment in mutual funds and insurance.
5. Religare Securities Demat Account Services:
They are also a market leader with a customer base of 8 lakh. The company allows its clients to trade online as well.
Salient Features:
• Allows customer to trade on a mobile platform and hence universal accessibility.
• No charges for opening Demat & Trading account and AMC for the first year.
• The lifetime maintenance free account can be accessed by Rs.2500/- once.
6. Brokerage facilities provided by Kotak Securities:
They facilitate their client with a multipurpose trading account for all your trading segments such as shares, bonds, mutual funds, ETFs etc.
One can also contact them for trading advise which they provide using multiple platforms.
Account opening cost:
• Cost for opening a trading account- Rs. 750.
• Cost for opening a Demat account- Zero.
• Maintenance charges of trading- Zero cost
• Maintenance costs for a demat account- Rs. 600.