Trading and Demat account with lowest brokerage charges in India
Looking
to invest? If you are one of them searching for the best options to start your
investment process then you are at the right place. But, first of all, you need
to understand the difference in brokers as well as a type of investors you are.
There are two types of brokers, include full-time brokers and discount
brokers. Discount brokers will charge fewer
fees than the full-time broker.
So here it
is all, what you want to know about the broking firms providing minimum
brokerage charges in India.
1. Angel Broking
It is one
of the oldest broking firms in India, established in more than 900 cities of the
country. They provide free lifetime demat account opportunity. There are no
additional or hidden charges. You can open your account free of cost. They provide
lowest brokerages charges in
India. They
currently have very large customer base more than 12,000,00 customers all over.
2. Religare Demat Account
It is a wholly
owned subsidiary of Religare Enterprises.
They provide online and offline trading through digital platforms. There
is no need for paperwork to open an account. You can open an account online in a
few minutes. They have more than 9, 000, 00 customers all over. The charges are
also very competitive on the brokerage.
3. Kotak Securities Demat Account
Kotal
Securities offers a single account to hold all the securities and they provide
services at the very low cost. They provide a single platform to invest in
equity, future and option, currency trading, commodity trading. They also
provide daily market reports and research report by sending you an alert. The
demat account is not free there you have to pay Rs 500 to open aDemat account
in Kotak Securities Demat account.
4. 5 paisa
4. 5 paisa
Unlike
other broking firms, 5 Paisa offers Rs 10 flat per trade. You can access
unlimited trade it would only cost you Rs 10 per trade. It is not based on the
percentage. They offerthe first year free maintenance charges. You can access various options from a single
account including mutual funds and insurance.
5. Sharekhan
5. Sharekhan
It is one
of the oldest firms working in broking and financial services. They have more
than 14 lakh customer base all over. Currently, they are offering services from
more than 1900 offices in 700 cities. They charge nothing for the trading
account and for the demat account they charge you Rs 400.
So, these are some of the best options available for lowest brokerages charges. But I would suggest you to choose wisely because not every firm is good to provide services what they say. It simply means, being a free demat account doesn’t mean you have all the services most of the broking firms fails to provide services because of the low cost.
So, these are some of the best options available for lowest brokerages charges. But I would suggest you to choose wisely because not every firm is good to provide services what they say. It simply means, being a free demat account doesn’t mean you have all the services most of the broking firms fails to provide services because of the low cost.
You need
to check before applying and investing your account in the market. You should
also keep in mind about the customer support. The customer should be up to the
mark so that they can clear your doubts if you have any problem regarding trading
or account management.