Demat accounts have revolutionized the process of trading securities in India. A Demat account is an electronic account used to store shares and other securities electronically, eliminating the need for physical paperwork and reducing the risk of fraud or loss. The Securities and Exchange Board of India (SEBI) has mandated that all transactions in Indian stock markets must be conducted through Demat accounts. As a result, finding the best Demat account is crucial for traders and investors. Check more on trading charges.
In this article, we will discuss the best Demat accounts in India based on factors like ease to open a demat account, cost, safety, and other features.
Zerodha- Zerodha is one of India’s most popular and trustworthy Demat accounts. It provides its services at minimal costs and offers a user-friendly interface with the latest trading platforms. Some of its popular trading platforms include Zerodha Kite, Zerodha Pi, and Zerodha Coin. It also provides expert advisory services to its customers and is known for its excellent customer support.
Angel Broking- Angel Broking is another reliable Demat account in India, well-known for its in-depth research and analysis reports. It offers various trading platforms, including Angel Broking App, Angel Speed Pro, and Angel Eye. It also provides a wide range of investment options, including stocks, derivatives, mutual funds, and other value-added services such as insurance and loans. Check more on how to open a demat account.
ICICI Direct- ICICI Direct is considered one of India’s best Demat accounts. ICICI Direct offers 3 in 1 account, which means one can have savings, trading, and Demat accounts linked together. It provides its services through a safe and secure platform with multiple built-in features like market analysis, live streaming of market data, and research insights. Moreover, it offers an excellent user interface with great customer support. Check more on trading charges.
HDFC Securities- HDFC Securities is also a highly reliable Demat account in India. It offers a user-friendly platform to invest in securities such as stocks, bonds, mutual funds, and initial public offerings (IPOs). HDFC Securities provides a 3-in-1 account facility, delivering a seamless experience to users. It also offers various mobile-based trading platforms and investment tools for traders and investors. Check more on how to open a demat account.
Sharekhan- Sharekhan has been a trusted name in the Indian stock market for over a decade. The platform is known for its transparency, excellent customer support, and wide range of investment options. Sharekhan offers various trading platforms, including Sharekhan App, Trade Tiger, and Sharekhan Mini. It also provides a research advisory service highly regarded in the market and helps investors make informed decisions. It offers a 2-in-1 account facility for trading and Demat account services. Check more on trading charges.
Upstox- Upstox is a famous discount brokerage firm that offers its services at a meager cost. It provides a user-friendly trading platform with no minimum balance requirements for maintaining the account. It offers various security measures to ensure the safety of its users, including two-factor authentication, biometric login, and data encryption. It also provides an API for developers to build their trading platforms. Check more on how to open a demat account.