1. Upstox Demat & Trading Account Review
3. 5Paisa Demat Account Review
4. Angel Broking Demat Account Review
5. Sharekhan Demat & Trading Account Review
Sharekhan is a leading online brokerage company with a customer base of over 1.2 million. The company currently serves over 1800 offices in 550 cities.
Sharekhan Account Account Charge
Trading account opening fee - zero
Demat account opening fee - zero
Annual Maintenance Fee - Upto 750 (Depending on balance)
Opened my first Demat account in 2006 after getting my first job. I was excited to invest in the stock markets.
I had a salary account with ICICI and it was easy to get a Demat and trading account with ICICI Bank.
But later I realized that there is a lot of charge for trading and distribution of shares in the ICICI Demat account. Then I got the best Demat accounts with zero brokerage on delivery, which means I don't have to pay any brokerage for long-term investment.
Even for day trading, the brokerage is as low as Rs. 20 per trade (whether you execute orders worth Rs 1 crore) Isn't it amazing?
In 2010, I started investing heavily in the stock markets. Over the years, I opened accounts with top Demat and trading account service providers Upstox, 5 Pesa, and Angel Broking.
A trading account is used to buy or sell orders in the stock market. Demat refers to dematerializing shares in digital format instead of physical paper.
The demat account is used as a bank, where the purchased shares are deposited, and where the sold shares are taken. You will get a single account for Demat and trading.