A demat account is an essential requirement for investing in the stock market. It’s an electronic account that holds shares and securities in a digital format. In India, there are several free demat account options available. Here are the top 15 free demat accounts in India that come completely free:
Zerodha
Zerodha is another popular discount broker that offers free demat accounts. They have no account opening charges and charge a low brokerage fee of Rs. 20 per trade. Zerodha also offers a mobile app and web trading platform with advanced charting tools like the best stock trading apps and features.
Upstox
Upstox is a popular discount broker that offers free demat accounts with no account opening charges. They charge a low brokerage fee of Rs. 20 per trade, making it a cost-effective option for beginner investors. Upstox also offers a mobile app and web trading platform for easy and convenient trading with the best stock trading app.
5paisa
5paisa is a discount broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 20 per trade, making it a cost-effective option for beginners. 5paisa also offers a mobile app and web trading platform with research tools and features.
Angel Broking
Angel Broking is a full-service broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 20 per trade, making it a competitive option for beginners. Angel Broking also offers a mobile app and web trading platform with research tools and features.
TradeSmart Online
TradeSmart Online is a discount broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 15 per trade, making it a cost-effective option for beginners. TradeSmart Online also offers a mobile app and web trading platform with advanced charting tools and features.
Alice Blue
Alice Blue is a discount broker that offers free demat accounts with no account opening charges. They charge a low brokerage fee of Rs. 20 per trade, making it a competitive option for beginners. Alice Blue also offers a mobile app and web trading platform with advanced features and tools.
SAS Online
SAS Online is a discount broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 9 per trade, making it one of the cheapest options for beginners. SAS Online also offers a mobile app and web trading platform with advanced features and tools like the best stock trading apps.
Fyers
Fyers is a discount broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 20 per trade, making it a cost-effective option for beginners. Fyers also offers a mobile app and web trading platform with advanced charting tools and features.
Wisdom Capital
Wisdom Capital is a discount broker that offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 9 per trade, making it one of the cheapest options for beginners. Wisdom Capital also offers a mobile app and web trading platform with advanced features and tools like the best stock trading apps.