Demat Account
A Demat account was created to make the difficult and time-consuming practise of purchasing and selling stocks through paperwork a thing of the past.
To dematerialize is to use the term “demat.” A Demat account allows you to own and trade shares and other securities electronically, regardless of where you are physically located. When the documentation is done electronically, there is less danger of fraud or theft.
Shares may only be owned or traded if you have a Demat account. Demat accounts are now required for all Indian stock trades, according to a 1996 directive by the Securities and Exchange Board of India (SEBI).
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Take charge of your financial future. With IIFL tools, charts, analysis and research, you can build a diverse portfolio and enjoy satisfying returns by investing across a wide range of options.
★★★★★
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Free!
PROS:
- Being a full-service broker they have branches across India and abroad.
- They provide free research reports for Equity shares and Mutual Fund recommendation.
- For providing margin funding they also accept personal Fixed Deposits as collateral.
- Customers can trade in equity, commodity, and currency through a single platform.
CONS:
- IIFL brokerage charges are very high in comparison to other stock brokers.
- They offer only Regular Plans in Mutual Funds.
- The minimum brokerage which is high when compared to other brokers.
Trade Smart Online offer best stock brokerage services to fit your financial objectives Your single destination to entire range of stock market solutions.
★★★★★
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Free!
PROS:
- The company provides 2 brokerage plans which can suit every trading strategy.
- They provide flexibility to switch over from one brokerage plan to another, depending upon their strategy.
- Transaction charges (turnover charges, clearing charges, etc) are one of the lowest in the industry.
- No account opening charges.
- Provides Margin against Shares (MAS)
CONS:
- They charge extra additionally for Call & Trade.
- Intraday positions (MIS, CO & BO), if squared off by the RMS team, is charged extra.
- Doesn't provide portfolio management services, tips or research reports.
- One cannot apply for an IPO.
Seize your opportunity, get the Tech Driven Trading Edge with ANT. Perfect for both beginners and experts
★★★★★
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Free!
PROS:
- Free Equity Delivery brokerage in Freedom (F20) plan.
- Trading Platform is backed by ANT.
- NEST offers a Risk and Order Management System to understand the trading strategy.
- ANT Trading Software is available for free to all its customers.
- Offers access to a range of third party online trading tools & apps.
- The free daily market report is available to all customers.
- Refer and earn features
CONS:
- NCD and Corporate bonds are not available.
- Call & Trade are available at an extra ₹20 per executed order.
- Presence of many third party products makes the site cluttered.
- One cannot expect quality assistance.
- Online trading is not that advanced like other brokers
- They might close the account if found no activity for the continuous 6 months
- Mobile apps are not frequently upgraded and sometimes cause problem in trading.
A full-service broker providing investment & trade in all major segments discounted costs.
★★★★★
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Free!
PROS:
- Full-service broker offering discount brokerage plans.
- Flat rates per executed order across all the trading segments in Lite plan.
- Provides free research, trading tips, and recommendations.
- They have offline presence through branches and franchises which makes it convenient for customers.
- Relationship managers and add-on services like PMS are available.
CONS:
- Charges high minimum brokerage in delivery, Intraday and Futures.
- Call & Trade is available for an additional cost in Lite plan.
- Additional costs for research calls and trading tips.
- They do not provide a platform for commodity options.
Get started on your wealth creation journey!
- Best Platform built for both Investors and Traders
- Investments through our platform is Safe & Secure
★★★★★
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Free!
PROS:
- The software uses two-factor authentication to protect your data.
- Paytm Money provides the lowest brokerage fees for intraday and F&O trading at Rs 10 per trade.
- A Mutual Fund Investment Advisory service is offered by Paytm Money.
- They have basic Trade Book, P&L, Tax P&L, and Ledger Statements.
- Features like Option Chain, Heatmap, Greeks, FII/ DII, Global Index, Market Movers, OI Analysis are coming soon.
CONS:
- Paytm Money has no offline services.
- The broker does not accept NRI traders.
- A user can't exchange goods or money.
- Although AMC is 0, subscribers are charged a Rs.300 yearly platform cost.
- Paytm Money is a relatively young broker, having launched in 2017.
Angel One offers a safe, seamless, online share trading platform. This stock trading application helps in tracking your investments online*.
★★★★★
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Free!
PROS:
- Acts as Full-service broker at low brokerage fees.
- Provides daily investment advisory and research reports to the customers.
- Provides free equity delivery.
- Provides an option to invest in Corporate bonds.
- Quick Account opening in 15 mins.
CONS:
- Call & Trade is charged for an extra ₹20 per executed order.
- One should not expect excellent customer support.
- The mobile interface is difficult to understand.
- Provides only regular Mutual Fund plans.
