Investing in the stock market can be an excellent way to grow your wealth over the long term. However, before you start investing, you need to open a free demat account. A demat account is an electronic account that holds shares and securities in a digital format. It’s an essential requirement for investing in the stock market. In India, there are several free demat account options available. Here are the best free demat accounts in India to help you get started with investing using the best stock trading app:
Upstox
Upstox is one of the most popular discount brokers in India, offering free demat accounts with no account opening charges. They charge a low brokerage fee of Rs. 20 per trade, making it an excellent option for beginner investors. Upstox also offers a mobile app and web trading platform for easy and convenient trading.
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, best stock trading app and features.
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 a free demat account
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, the best stock trading app and features.
Paytm Money
Paytm Money is a recent entrant to the discount brokerage space and offers free demat accounts with no account opening charges. They charge a flat brokerage fee of Rs. 10 per trade, making it one of the cheapest options for beginners. Paytm Money also offers a mobile app and web trading platform with advanced 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 like the best stock trading apps.
In conclusion, opening a demat account is an essential step for anyone who wants to invest in the stock market. The above-mentioned free demat accounts in India offer a cost-effective and convenient way to get started with investing. While selecting a demat account, it’s crucial to consider the brokerage charges, trading platform, research tools, and features offered by the broker. Choose a broker that suits your investment goals and trading preferences to start investing in the stock market.
