Investing in stocks may be convenient, but the charges of trading fees can quickly eat into your earnings. The first step to maximizing your profits is to find the best demat account that offers the lowest charges for all types of transactions. With so many brokerages available, it’s challenging to narrow down which one offers the best fit. To make your journey easier, we’ve done the hard work for you. In the following article, we will assess the top demat account brokerages in India in terms of their account opening charges, delivery charges, Intraday and F&O charges, and other hidden fees to help you choose the lowest brokerage charges demat account for your investing needs.
Table of Contents
Upstox
Upstox is a relatively popular brokerage that offers great trading platforms and tools. Here’s an overview of its charges.
Charges for Account Opening
Upstox offers two types of account opening fee options. Customers can choose to open a free account, which only requires clients to pay for AMC charges at INR 25/month. Alternatively, users can opt for Upstox Pro’s advanced plan, which costs INR 499 as account opening fees.
Delivery Charges
Upstox delivery charges start at INR 20 or 0.05% of the total order value per executed order.
Intraday and F&O Trading Charges
Upstox Intraday and F&O charges start at INR 20 per executed order.
Other Charges
Upstox doesn’t have any hidden charges. However, a new feature may come with additional charges. Customers can generate their trading account statements or fund a mutual fund account for free.
Pros and Cons
Pros:
- Free Account Available
- Fast and Responsive Trading Platform
- Good Mix of Trading Tools and Comprehensive Features
Cons:
- Higher Delivery Charges Than Some Competitors
- Mediocre Customer Service
5 Paisa
5 Paisa is one of the newest brokerage entrants in India. It provides many features and functionalities at very reasonable rates. Here’s what 5 paisa offers in terms of charges.
Charges for Account Opening
5 Paisa is one of the cheapest brokerage platforms offering free account openings for all its customers.
Delivery Charges
5 Paisa delivery charges start at INR 20 or 0.05% of the total order value per executed order.
Intraday and F&O Trading Charges
5 Paisa Intraday and F&O charges start at INR 20 or 0.05% of the total order value per executed order.
Other Charges
5 Paisa does not charge any hidden fees, Customers can generate their trading account statement for free of charge.
Pros and Cons
Pros:
- Free Account Opening
- No Hidden Fees
- Good Customer Service
Cons:
- Delivery Charges are Slightly Higher Than Some Competitors
- Low On Advanced Trading Tools and App Platforms