Are you an active trader, if yes then paying your brokerage from profit isn’t your new friend, but that doesn’t mean you have to stick with it and treat it like a real friend. Because you can get free from it, but how? Here’s a solution switch to zero commission demat account platforms, wait is that possible? Yes, it is, the sites which provide zero commission demat account facility while trading does exist.
Table of Content
M,stock
Being a subsidiary of Shanghai Investment Consulting Co. Ltd., the brokerage firm specializing in the Asian financial market, smart is perhaps the most reliable platform when it comes to Zero Commission Demat Accounts.
Mstocck charges you while opening the account, and here is the deal wise pay them Rs.999 while opening and trading without any charges for the rest of the life for every segment of trading, they also offer fees of 149 for opening a demat account however, for it, they will charge Rs. 20 per trade on Intraday, F&O, and currency. While for AMC you can pay an additional 999 for lifetime AMC cover, if not platform charges Rs. 120 per quarter.
Many financial content creators have said this platform is best for zero-commission trading demat account platforms. To do any further check, visit their website.
Kotak Securities
Kotak securities offer zero commission Demat account for intraday trading, while the rest depends on your age, if you are unsure, here is the thing Kotak has initiated a program called Trade free Youth plan where they charge zero charges on stock intraday, F&O and stock delivery with zero rupees required for the account opening for the individual under 30 years. The AMC of the platform is 600 per year however, they will charge you one time subscription fee of 299 rs for the plan.
Several Financial Influencers have positively reviewed the platform, especially their mobile app interphase. However, recently users have faced frequent shutdowns or down sever on the application.
Nevertheless, if you are interested and want to dig up more click here.
Shooya
Shoonya is a subsidiary of Finvasia, and just as named the platform it provides Zero Commission Demat Account service without any hidden charges from the platform while carrying out your trade. Apart from it, the platform various tools and services for technical analysis to maximize your profits. The charges of demat account opening are also zero. You can trade freely in any category here without paying any charges be it delivery or intraday trading or F&O. Moreover, their focus is on tool development for better analysis.
The interphase of the company is also user-friendly whether it is for web or mobile applications. For more information visit their website.
Flat Trade
Compare to all the other platforms mentioned in the list Flat trade is the underdog
Another zero commission demat account platform for the user, unlike the previous platform, charges Rs. 200 for opening the demat account (GST isn’t included), however, they aren’t any charges for any segment of trade with zero AMC charges. With no condition mentioned about age, the zero brokerage plan is open to all ages.
However, there are instances of technical glitches in the platform in the past, therefore choose wisely when it comes to your capital.
For further insights into the platform click here.
Are Zero Brokerage Firms are Best?
While India is turning into a hotbed for trading, zero brokerage appears tempting, but these platforms can contain hidden charges, worse interphase, and little or no analysis. If you are a trader in the long game Angel One, Upstox, or Groww might be a better choice for you (of course your needs are a priority).
P.S. – If you are unhappy with all of it, watch the video below for more brokerage-free demat account
P.S. – If you are unsure about opening a demat at SBI Securities, read “Should I Use SBI Securities for My demat account?“
Also Read
Demat Accounts Rise by 4.4 Million, Reach 175 Million in September 2024
