We all know how to choose the right demat account
How important is it to every investor? We receive fees, brokerage, margins, services and more With things in mind you need to select your account. Due to the many brokers in the market now This choice has become even more confusing, time consuming, and frustrating. But not now! Because in this post we are talking about the top-5 demat accounts in the market. Go to them in more detail. Have compared them at the same time So you can choose the best demat account for yourself. So as usual today’s post is very informative. So read the post carefully. So we will find your perfect Demat Trading App
We have provided all the information related to the account in the tiles. You can read them correctly by pausing the video. For your convenience, we will only highlight the important ones, Understanding them will progress. So first there are some highlights of the tile. For example, Grove does not charge you account maintenance fees. All other brokers take annually And call & trade if needed 5p can prove to be the most expensive broker for you. At the same time, Grove has not yet provided this service. By the way, Call & Trade has now become very popular with investors. But if you still need this information is provided here. And when it comes to services So Grove only gives you SMS alerts. On the other hand, other brokers offer you many services. Because that’s when Grove will ask you No maintenance fee or account opening fee That’s all in this slide. Let’s see the next slide If you can see here, Angel One only There is only one full service broker. Full service brokers give you a research report, Provides many services such as stock referral.
Brokers do not give any discount.
This is why the full service broker Discounts are always more expensive than brokers. We see the second point here Cannot trade in currency and commodities. At the same time, all other brokers offer you the convenience of investing in both. Basic information about all fees and services offered by these brokers But there are some key factors that every big investor should keep in mind When choosing any broker, let’s look at them. So the first slide comes from the broker. Here we see an interesting factor. As you can see, we have highlighted zerodha. This is the reason for its very low brokerage If you pay attention, after zerodha, Upstock will take the lowest brokerage. At the same time Grove offers the convenience of trading only in equity. So the columns below are also empty. It also charges 20 rupees for an order of 5 paise.
So we can decide when it comes to brokerage from this slide. So zerodha offers you the convenience of trading at a very low broker. Now what comes after the broker is the margin. In general, investors try to lower the standard, Although the margin is normal. On the other hand, a trader wants to have the maximum margin available to him. So let’s see how these brokers offer you the margin. The margin given by an upstock to an investor will be sufficient. But there may be more domestic traders like the margin given by Angel One. And if you trade more on equity intraday. So you can not give more than 5 paise margin. So this is a matter of edge.
The fee charged is clearly visible.
You may now be confused about brokerage and fees on this slide. I want to tell you here that when you buy, you have to sell any stock. So you don’t just have to pay the broker. You will have to pay several fees on the tariff. I would like to say a few names, STD, Exchange Fees, GST Fees, SEBI Fees and Stamp Duty Fees So by adding all these fees to the broker, your overall fee is also done. This slide talks about the same fees. Let us understand this more clearly with an example. Suppose we buy 10 thousand shares from NSE for intrade through upstocks So we will be charged 6 rupees 61 paise. On the other hand, if you buy the same 10 thousand shares through zerodha from the same NSE So we will be charged 4 rupees 25 paise. At the same time Angel One will charge us 24 rupees 31 paise. You can clearly see these charges. Because these are not just brokerage fees, These are the final fees you have to pay when trading. I hope you now understand why we place so much emphasis on this slide. We have put a lot of effort into creating this slide. So if this information is useful to you. So up to here we have discussed the services of all brokers, their fees, margins.
Learn more about brokerage and compare them.
Based on all this information, you can create your demat account You can choose very easily. I think many of you have so far The correct demat account will be selected. So let us know according to your need and priority. Which demat account is best for you If you want to trade in all three equities, commodities and currencies You also have to pay the lowest broker You are satisfied with the normal edge Then zerodha is a good choice for you. Because as we see No one else offers convenience in a lower brokerage business than zerodha This is zerodha’s greatest strength Due to this zerodha is India’s number one. There is 1 broker. And if you wish So you can trade in equity, commodity, currency But you also get good margins Although the brokerage is a little high Upstocks are for you. Although upstock’s brokerage is higher than zerodha’s But Margin gives you better upstocks than zerodha And especially in distribution. This is because zerodha does not give a margin in providing erotica. By the way, there is a throat-cutting rivalry in Abstract and zerodha.
But this time, the upstairs number. Is in 2nd place. If you trade only in stock, futures and will You can operate from the basic services of a broker But do not want to receive any fees from you No account opening fee, no maintenance fee Then Grove is for you. Now it is fair to say that you can not avoid the broker. Also this feature is for students and beginners. Or those who trade only in very small amounts For them, there is a good choice. And this grove number. Coming in 4th place. If you want to trade seriously That too on a large scale and you should get big margin too Especially on equity intraday,
So there is no better way than 5p. It gives you more edge than anyone. And 20X after equity intraday, No one else gave it. 4x on the same delivery. But a brokerage of 5p can make you a little annoyed. Also, the level of 5 paise ranks 5th in the demat account rankings. If you need a full service broker Angel One is for you. It offers more services than any discount broker. So this is aboutpost demat accounts. We said whichever demat account is best for you That too with your priorities and needs in mind. Because everyone has their own priorities, Because of this it is not needed. 1 zerodha is best for you.