When it comes to choosing the finest lifetime free Demat account among Flattrade, Finvasia, and Kotak Securities, each platform has its own set of advantages. Flattrade is noted for its easy-to-use interface, broad functionality, and zero-brokerage trading accounts.
Finvasia offers totally brokerage-free trading across various exchanges, focusing on cost-efficiency with its all-online services. Kotak Securities, a well-known brokerage firm, offers competitive plans and a strong trading ecosystem.
Comparing their fees, features, and services can assist investors in determining the platform that best matches their trading demands and financial objectives.
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Flattrade
Flattrade is India’s best trading app, noted for its user-friendly interface, extensive features, and low cost. Flattrade, founded as Fortune Capital Services Private Limited in 2004 and headquartered in Chennai, has grown to become a premier online share trading platform known for its dependability, transparency, and cutting-edge technology.
It provides zero-brokerage trading accounts, a mobile app for on-the-go trading, and a sophisticated web trade station for desktop browsers. Flattrade also provide cover and market order.
Opening a FlatTrade account is free, allowing you to start trading right away without any upfront charges. There are no annual fees for maintaining your account. FlatTrade Trading offers no brokerage charges for trading in a variety of areas, including equities, derivatives (futures and options), commodities, and currency derivatives. Flattrade offers several advantages to its users. These include free account opening and multiple account types tailored to meet different trading requirements
Rating- Flattrade has 4.1/5 ratings with 4k reviews along with more than 100k downloads
Finvasia
Finvasia, headquartered in Chandigarh, India, offers financial services to retail, institutional, and international customers. It provides totally brokerage-free trading on the BSE, NSE, and MCX, charging just applicable taxes. Free call and trade services are provided. Finvasia, a CDSL depository participant, offers a variety of depository services at low rates.
Finvasia provides a wide range of services with no brokerage charges which includes for trading in equities, currencies, and commodities, asset management, investment banking, advisory services, and currency hedging. They serve a diverse clientele, including retail, institutional, and international customers.
Rating- Finvasia has 4.0/5 ratings with 11k reviews along with more than 500k downloads.
Kotak Securities
Kotak Securities Ltd. is a well-known brokerage firm that is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Metropolitan Stock Exchange of India (MSEI). It is also a registered Depository Participant with Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL).
The Kotak Securities Trade Free Plan is a straightforward option provided by Kotak Securities, featuring free intraday trading across various segments. Kotak offer no brokerage charges for Futures and Options (F&O) trades, whether in Equity, Currency, or Commodity.
Opening Charges
|
Flattrade |
Finvasia |
Kotak Trade Free plan |
|
|
Account Opening Charges |
₹200 + ₹175(DDPI) + GST= ₹411 |
₹0 (+ stamp charge of ₹199) |
₹0 |
|
Subscription charges |
– |
₹0 |
|
|
AMC |
₹0 |
₹0 for Individual/HUF/NRI ₹1000 per year for corporate |
₹600 |
|
No.of Branches |
6 |
0 |
1449 |
|
Established date |
2004 |
2012 |
1994 |
All Brokerage Charges and Features
|
Platform |
Flattrade |
Finvasia |
Kotak Trade Free plan |
|
Minimum Brokerage |
Rs 0 |
Rs 0 |
₹20/Order or ₹39/Lot |
|
Call & Trade Charges |
₹50 +GST | Equity Options & Currency Options:- ₹20 + GST |
Free |
Max ₹90 + GST per executed order |
|
Auto Square off Charges |
₹50 +GST | Equity Options & Currency Options:- ₹20 + GST |
Free |
20 calls free and after that Rs 20 per call |
|
MTF |
18% per annum for utilized margin |
Not disclosed |
0.049% per day |
|
Equity Delivery |
Rs 0 |
Rs 0 |
0.25% |
|
Equity Intraday |
Rs 0 |
Rs 0 |
Rs 0 |
|
Equity Futures |
Rs 0 |
Rs 0 |
Rs 0 |
|
Equity Options |
Rs 0 |
Rs 0 |
Rs 0 |
|
Currency Futures |
Rs 0 |
Rs 0 |
Rs 0 |
|
Currency Options |
Rs 0 |
Rs 0 |
Rs 0 |
|
Commodity Trading |
Rs 0 |
Rs 0 |
Rs 0 |
|
Dematerialisation Charges |
₹20 + GST per scrip only on sell |
₹15 + ₹99 Courier charges |
Rs. 150 per certificate + Rs. 50 per request courier charges |
|
Pledge Creation Charges |
Rs.20+GST per script request |
₹25 + NSDL Charges |
Rs 20 per ISIN |
|
Customer service |
Email- clientsupport@shoonya.com Phone- +91 1726 750 000 |
Email- support@flattrade.in Phone- 044 – 45609696 |
Email- service.securities@kotak.com. Phone- 1800 209 9191 |
|
3 in 1 Account |
Not available |
Not available |
Available |
|
Algo Trading |
Available |
Available |
Available |
|
SMS Alerts for Trades |
Available |
Available |
Available |
|
Bracket Order |
Available |
Available |
Available |
|
Cover Order |
Available |
Available |
Available |
|
Chat support |
Available |
Available |
Available |
|
Relationship manager |
Not Available |
Not Available |
Available |
|
Margin Trading Facility |
Available |
Available |
Available |
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Regulatory Charges
Equity Delivery
|
Flattrade |
Finvasia |
kotak |
|
|
STT |
|
0.1% on both Buy and Sell |
0.1% on both buy & sell |
|
Dp charges |
₹20 + GST per scrip |
Rs 9+GST per scrip |
0.04% of the value of securities (subject to minimum of ₹20) |
|
Sebi fee |
Rs. 10 Per Crore |
₹10/Crore |
₹10/Crore |
|
Exchange transaction charges |
NSE: 0.00322% ; BSE 0.00375% |
NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
NSE: 0.00335% BSE: 0.00375% |
|
Stamp duty |
5-7% |
0.015% (On buy side only) |
0.015% (On buy side only) |
|
GST |
18% on (brokerage + transaction charges + SEBI charges) |
18% on (Brokerage + Transaction Charge + SEBI Fee) |
18% on (Brokerage + Transaction Charge). |
Equity Intraday
|
Flattrade |
Finvasia |
kotak |
|
|
STT |
0.025% on Sale side |
0.025% on the Sell Side |
0.025% only on sell |
|
Dp charges |
₹20 + GST per scrip |
Rs 9+GST per scrip |
0.04% of the value of securities (subject to minimum of ₹20) |
|
Sebi fee |
Rs. 10 Per Crore |
₹10/Crore |
₹10/Crore |
|
Exchange transaction charges |
NSE: 0.00322% ; BSE 0.00375% |
NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
NSE: 0.00335% BSE: 0.00375% |
|
Stamp duty |
5-7% |
0.003% (On buy side only) |
0.003% (On buy side only) |
|
GST |
18% on (brokerage + transaction charges + SEBI charges) |
18% on (Brokerage + Transaction Charge + SEBI Fee) |
18% on (Brokerage + Transaction Charge). |
Equity Futures
|
Flattrade |
Finvasia |
kotak |
|
|
STT |
0.0125% on sell side |
0.01% on Sell Side |
0.01% only on sell |
|
Dp charges |
₹20 + GST per scrip |
Rs 9+GST per scrip |
0.04% of the value of securities (subject to minimum of ₹20) |
|
Sebi fee |
Rs. 10 Per Crore |
₹10/Crore |
₹10/Crore |
|
Exchange transaction charges |
NSE: 0.00188% ; BSE: 0 |
NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
NSE : 0.002% BSE: 0% |
|
Stamp duty |
5-7% |
0.002%(On buy side only) |
0.002%(On buy side only) |
|
GST |
18% on (brokerage + transaction charges + SEBI charges) |
18% on (Brokerage + Transaction Charge + SEBI Fee) |
18% on (Brokerage + Transaction Charge). |
Equity Options
|
Flattrade |
Finvasia |
kotak |
|
|
STT |
0.0625% on sell side (on premium) , OPTION EXCISED 0.125% |
0.05% on Sell Side(on Premium) |
0.05% only on sell |
|
Dp charges |
₹20 + GST per scrip |
Rs 9+GST per scrip |
0.04% of the value of securities (subject to minimum of ₹20) |
|
Sebi fee |
Rs. 10 Per Crore |
₹10/Crore |
₹10/Crore |
|
Exchange transaction charges |
NSE: 0.0495% (on premium) ; BSE: 0.0495% (on premium) |
NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) |
NSE: 0.0505% on Premium BSE: 0.0495% on Premium |
|
Stamp duty |
5-7% |
0.003% (On buy side only) |
0.003% (On buy side only) |
|
GST |
18% on (brokerage + transaction charges + SEBI charges) |
18% on (Brokerage + Transaction Charge + SEBI Fee) |
Conclusion
When comparing lifetime free Demat accounts from Flattrade, Finvasia, and Kotak Securities, Kotak Securities emerges as the superior choice due to its full trading ecosystem, established reputation, and competitive pricing structure.
While Flattrade has a user-friendly interface and zero-commission trading accounts, and Finvasia enables completely brokerage-free trading across many exchanges, Kotak Securities combines these advantages with the trustworthiness of a well-known brokerage firm.
Kotak’s account opening is free, and while it does charge an annual subscription fee, its transaction fees are competitive across all trading areas. Furthermore, Kotak Securities provides excellent customer service and a strong trading infrastructure, making it the best option for investors looking for a lifetime free Demat account.
