The 9 Best Demat Accounts in India 2023?| Espresso

8 Best Demat Accounts in India 2023?

Nowadays, investing or trading in securities such as stocks, government securities, commodities, Forex, ETFs, bonds etc., has become easy and quick through the facility of a  Demat account. 

Published on 27 April 2023

A Demat account app protects your financial securities by storing them in digital form. It also enables trades and transactions to be easy, fast and effortless through online mode.

For that, you must choose the perfect Demat trading app that would be secure, reliable, and useful for your needs. However, in India, there are many Demat account providers available, so choosing the most appropriate is a tremendous task.

However, if you wish to make your research simple, we have made a list of the top-Demat apps in India. So, if you are an aspiring trader or want to start investing, take a look at the list that we have made for you.

List of Best Demat Accounts in India

Before opening a Demat account, you must consider various factors such as ease of opening, user interface trading cost & brokerage, maintenance charges, square-off timing etc. So, here in this section, we have curated a list of the SEBI-authorized Demat account apps that provide their services in India.

and positive reviews for its user-friendly interface, low fees, and range of investment options.

1. Sharekhan

Sharekhan is a popular stockbroker in India that offers various financial services, including equity trading, commodity trading, currency trading, mutual funds, IPOs, and more. Sharekhan was founded in 2000 and is a subsidiary of BNP Paribas.

Sharekhan provides its customers with various trading platforms, including the Sharekhan Demat account app, Sharekhan Trade Tiger, Sharekhan Mini, and Sharekhan Web. These platforms offer real-time market data, charting tools, and other features to help traders make informed investment decisions.

Sharekhan also offers research and analysis tools to help traders stay up to date with the latest market trends and news. Customers can access daily market reports, company research reports, and other valuable resources to help them make better investment decisions.

2. Zerodha

Zerodha is one of the discount brokerage firms in India that was founded in 2010 by Nithin Kamath. Zerodha offers various financial services, including equity trading, commodity trading, currency trading, mutual funds, IPOs, and more. It is known for its low brokerage charges, which are significantly lower than traditional brokers in India. You can download the demat account app for android and ios.

3. Angel Broking

Angel Broking provides its customers with various trading platforms, such as Demat trading app, Angel SpeedPro, Angel Broking Trade, and Angel Bee. These platforms offer real-time market data, charting tools, and other features to help traders make informed investment decisions. Angel Broking also offers research and analysis tools to help traders stay up-to-date with the latest market trends and news.

4. Upstox

Upstox is known for its low brokerage charges, which are significantly lower than traditional brokers in India. The company charges a flat fee of ₹20 per trade across all segments, making it an attractive option for traders and investors looking to keep their costs low. Upstox's Demat account app, called Upstox Pro, is user-friendly and offers a range of features, including real-time market data, charting tools, and other features to help traders make informed investment decisions.

5. 5paisa

5paisa is a discount brokerage firm in India launched in 2016 by IIFL Securities. The company offers Demat account apps and various financial services, like equity, commodity trading, IPOs, and more. 5paisa is known for its low brokerage charges, which are significantly lower than traditional brokers in India. The company charges a flat fee of ₹20 per trade across all segments, making it an attractive option for traders and investors looking to keep their costs low.

6. ICICI Direct

ICICI Direct is a full-service retail stockbroker in India that was launched in 2000 by ICICI Securities. The company offers various financial services, including equity trading, commodity trading, currency trading, mutual funds, IPOs, and more. ICICI Direct is known for its strong research and analysis capabilities. The company provides its customers with various research reports and tools to help them stay up to date with the latest market trends and news.

7. HDFC Securities

HDFC Securities is a leading full-service stockbroker in India that offers a range of financial services to its clients. The company is known for its strong research capabilities and provides its clients with access to a range of research reports and tools to help them make informed investment decisions. HDFC Securities' trading platform is user-friendly and offers real-time market data, charting tools, and other features to help traders.

8.Kotak Securities

Kotak Securities offers various financial services, including equity trading, commodity trading, currency trading, mutual funds, IPOs, and more. The company is known for its strong research capabilities and provides its customers with various research reports and tools to help them make informed investment decisions. Kotak Securities Demat apps, called Kotak Securities Xtralite, is user-friendly and offers a range of features, including real-time market data, charting tools, and other features to help traders make informed investment decisions.

Conclusion

India is a rapidly growing economy, with many people interested in investing in the stock market. To do so, having a reliable and efficient Demat account app is important. In this article, we have discussed the top 8 Demat apps accounts in India in 2023. With the right Demat account provider at your side, you can have peace of mind knowing that your investments are safe and secure and have the tools and resources you need to make informed investment decisions.

 

Chandresh Khona
Team Espresso

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