Free trading account
- Get a personalized evening dealer support for commodity trading.
- No fund transfer charges.
- Intraday trading limits on demand
- Get free account opening and lifetime demat AMC
- Get a customized brokerage plan.
Top forex bonus list
5 life time free demat and trading account
The demat account or the dematerialized account is a kind of account which all the traders should have mandatorily to trade with shares in the stock exchange. Opening the demat account is the first step towards investing in the mutual funds, securities and so on in india. The purchase and sale of the securities on the demat account will be automatically made post the completion and confirmation of the transactions.
The holders of the demat account require an internet password and also a transaction password. It is necessary to quote the demat account number for all the transactions for electronic settlement of the trade to take place.
In simple layman words, the demat account is similar to the bank account. But instead of cash one will deposit shares or mutual funds or bonds in electronic form in this account.
But to manage the demat account, one has to shell out maintenance charges, irrespective of its usage. The demat AMC (annual maintenance charges) has to be paid by the customer to keep the account active. So, some brokerage houses in india do offer a free demat and trading account for free for a lifetime.
Difference between demat and trading account?
A demat account is storage whereas the trading account is the interface. The purchased shares, bonds, mutual funds will be stored in a demat account. One can purchase and sell shares on the stock exchanges like BSE, NSE through the interface known as trading account.
Let's check the list of 5 life time free demat and trading account.
Prostocks
Founded by S P toshniwal and saurabh ranka, prostocks is a sunlight broking LLP venture. Started in february 2016, prostocks provides services in equity trading, currency trading, derivatives trading, depository services.
Key benefits
- Get flat rs 15 per trade brokerage for intraday and F&O trades.
- Get lifetime AMC free demat account.
- Free account opening through the online paperless account.
- Get brokerage free equity delivery trading at zero brokerage.
Itradeonline
The itradeonline provides modern trading tools built with ease of trading in mind with the help of technology. The customer has to pay rs 20 per executed order or 0.03%, whichever is lower.
The discount broker trades across all segments. There is no need for paying upfront brokerage nor there will be any turnover commitments.
Rmoney
Rmoney is a discount broker. It provides a single platform for all the financial needs as the customer can invest in a commodity, equity, insurance, mutual fund, PMS.
Key benefits
- Get a personalized evening dealer support for commodity trading.
- No fund transfer charges.
- Intraday trading limits on demand
- Get free account opening and lifetime demat AMC
- Get a customized brokerage plan.
Finvasia
One of the fintech company in india finvasia is offering a range of financial services ranging from zero brokerage, zero account opening, zero clearings, zero AMC and so on.
Finvasia is a discount broker. The company provides free lifetime demat and trading account.
Trustline
Trustline is a full-service broker is based out of chennai. It is equity research and asset management company. Its core competence is in financial research with a focus on mid and small-cap space.
Trustline provides free lifetime demat and trading account.
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Demo accounts are intended to enable you to familiarise yourself with the tools and features of our trading platforms. Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in, and you should not expect any success with the demo account to be replicated in actual live trading.
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
* spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK capital gains tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
† 1 point spreads available on the UK 100, germany 30, france 40 and australia 200 during market hours on daily funded trades and cfds (excluding futures).
‡ voted “best trading platform”, “best mobile application” and “best spread betting provider” at the OPWA awards 2019. Voted “best professional trading platform” and “best spread betting provider” at the 2019 shares awards. Voted “best CFD provider” at the ADVFN international financial awards 2020.
City index is a trading name of GAIN capital UK limited. Head and registered office: devon house, 58 st katharine’s way, london, E1W 1JP. GAIN capital UK ltd is a company registered in england and wales, number: 1761813. Authorised and regulated by the financial conduct authority. FCA register number: 113942. VAT number: GB 887 937 443. GAIN capital UK ltd is a wholly-owned subsidiary of stonex group inc.
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Free trading account
Published: 07:53, 2 april 2019 | updated: 14:54, 2 april 2019
A new breed of investment platforms has cropped up in recent years allowing users to buy and sell company shares without incurring a broker charge.
Commission-free share trading is one of the latest exports from the US, where the rapid growth of zero-fee platforms like robinhood is eating into the margins of wall street banks.
At present, there are only two investment platforms in britain offering this: trading 212 and freetrade.
Both trading 212 and freetrade offer zero-commission share trading as a carrot to prise custom away from the more established rivals
They will have their work cut out to prise market share from big established rivals, such as hargreaves lansdown, which boasts £85.9billion of private investors assets under management.
And investors tempted by the idea of not forking out £10 or more in dealing costs every time they buy or sell shares are likely to be sorely tempted.
However, both services come without the bells and whistles of the big DIY investing platforms and with potentially limited investment options.
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HOW THIS IS MONEY CAN HELP
The cost of buying and selling shares has fallen steeply since the start of the 2000s thanks to a digital revolution.
In the not too distance past, investors who wanted to buy and sell stocks and shares would have to do this through a stockbroker or a financial adviser who took a sizeable chunk of commission with every deal.
But times changed and online DIY investing platforms give investors the ability to buy and sell at their fingertips, whether from the comfort of their computer or even their phone.
The cost of buying and selling shares has fallen over time, but still remains sizeable at some platforms, with hargreaves lansdown charging £11.95, interactive investor £10 and AJ bell £9.95. Halifax-owned iweb deserves and honorable mention as it charges just £5
The fee-free share dealing firms
Trading 212 and freetrade both have an eye-catching offer designed to pull customers in: neither charges a penny to buy or sell shares.
But why offer this and who are these two firms?
For trading 212, it was a case of adding another string to its bow when contracts for difference (CFD) trading - one of its flagship offerings and main revenue driver -was hit by a regulatory crackdown.
A CFD is a form of derivative trading that allows you to speculate on the rising or falling prices of global financial markets, such as forex, indices, commodities, shares and treasuries. It carries a higher level of risk compared to conventional shares and bonds investments.
Crucially, investors do not buy shares but use derivatives to either simply mimic prices, or magnify moves through the use of leverage, as borrowed money is known.
New european rules, which came into effect in august last year, have reduced the amount CFD traders can leverage, as concern grew that big losses were being incurred by inexperienced investors. Britain's financial watchdog, the FCA is also tightening rules. These measures have trimmed CFD platforms's prospectts.
Trading 212 became the first retail broker in britain to introduced a commission-free share dealing service in 2017.
In the case of freetrade, commission-free share dealing, either through a standard account or isa, is the only service the digital broker currently offers. It plans to expand into new areas in future. It's free to open an isa account until july 2019. The cost will be £3 thereafter.
Both challenger investment platforms have adopted this model as a carrot to tempt customers away from established rivals, such as hargreaves lansdown, interactive investor and AJ bell.
The average commission charged by five of the largest online share-dealing platforms run at £8.31 per trade, with leading brokers such as hargreaves lansdown and interactive investor charging £11.95 and £10 respectively, according to DJB research.
Commission-free sharing dealing looks set to further disrupt a market that is already experiencing a downward pressure on investment fees amid regulatory pressure.
Where can you invest?
It's worth noting that freetrade's and trading 212 respective investment universe is relatively small compared to that of more established rivals.
A total of 335 stocks, etfs and investment trusts sit on the freetrade platform. The selection comprises of 122 US stocks and 136 UK securities - including 33 investment trusts and 44 etfs. The firm expects to increase this figure on an ongoing basis.
Meanwhile, trading 212 hosts more than 1,800 investment opportunities comprising shares in companies based in the UK, the US and in some european markets, as well as etfs.
To put this into perspective, hargreaves lansdown offers 1,643 UK shares, 7,184 overseas shares, 1,170 etfs and 386 investment trusts.
Crucially, neither trading 212 or freetrade allow you to invest in investment funds or individual corporate bonds outside an ETF.
Hargreaves, meanwhile, hosts 470 corporate bonds plus 7,099 funds from the UK and abroad.
Both trading 212 and freetrade offer an isa wrapper, but neither offer a self invested personal pension.
How do these platforms make money?
Ivan ashminov, co-founder of trading 212, told this is money that actual trading costs are less than £1, so waiving trading commission does not have a detrimental effect.
The charges levied on the platform's other services should more than cover a shortfall from these costs, he added.
Things to consider before moving platform
Investors are free to move DIY investing platform and should track down the one that is best for their needs.
However, they need to be aware of fees for moving from their existing platform and from one they sign up to if they don't like it.
Investors should calculate the potential annual saving they would make by switching and a reasonable expectation of investment growth under the new platform against the cost of moving and any exit fees.
Things like customer services offered by the respective platforms may seem like a small detail but can make the world of difference.
Trading 212 adopts a 'freemium' model - like mobile games that are free to download but have in app purchases - in the hope that some customers will shell out for additional services that it develops down the line, such as robo-advice on which stocks to buy.
Customers of newcomer freetrade can only trade shares without incurring a broker charge if transacted outside an isa wrapper through it's 'basic trade' service.
Basic trade means the buys and sells are aggregated and dealt around 4pm every day.
This isn't a huge problem if you plan on holding shares for a long time, but more experienced investors often want to be able to trade instantly at a set price.
Free trades are never quite free
There is no such thing as a free trade. Period.
This is because of a concept called the bid-offer spread, which is essentially the gap between the highest price a buyer is willing to pay you for shares and the lowest price a seller is willing to sell them to you for.
You will pay closer to the higher price to purchase a share and sell nearer the lower price.
The size of the gap depends on how liquid a share is, ie how easy it is to buy and sell, and larger companies therefore tend to have tighter spreads.
These prices are different to the mid-price, which is the one you will generally see quoted in market reports and headline share data.
At the time of publication, shares in tesco were trading at 234.05p, however, the offer was 234.1 and the bid was 234p. The spread here is 0.04 per cent. Another cost in buying shares is stamp duty charged at 0.5 per cent.
When buying a foreign stock, you'll also have factor in the cost of the converting currency. Trading 212 passes on the charge at the spot rate. Whereas freetrade charges spot rate plus 0.45 per cent on these transactions.
Freetrade was founded back in 2015 but officially launched its commission-free share dealing app in september 2018.
Will commission-free trading free trade last?
That's dependent on whether the model can pull enough people for these companies to make money off other things they charge for.
At some point, the platform's respective financial backers will want some return on their investment, and zero commission trading removes a major source of revenue.
Commission-free share trading is novel, but eventually investors might crave a more expansive investment universe, with access to more shares, funds and investment trusts.
So the main challenge for these platforms in future may be to keep hold of the customers they've lured in through the zero-commission share trading service by adding new features that complement their evolution as investors.
Both trading 212 and freetrade are legitimate digital stockbrokers, authorised and regulated by the FCA.
If either platforms ever go under, your investments are covered by up to £85,000 (up from £50,000 as of 1 april) under the financial services compensation scheme safety net.
The saying 'there's no such thing as a free lunch' certainly applies here. While basic share dealing services are free any bells and whistles cost more and there is the spread and tax to take into account.
Also, free trading may tempt you to change your investment style and invest more frequently than necessary. Doing so can increase internal costs and potentially hinder your long-term returns.
When weighing up the right platform to invest for you, it's important to look at the service that it offers, along with administration charges and dealing fees, plus any other extra costs.
| provider | admin charge | charges notes | fund dealing | standard share, investment trusts, ETF dealing | regular investing | dividend reinvestment | |
|---|---|---|---|---|---|---|---|
| trading 212 | n/a | - | n/a | free (investment trust trades unavailable) | n/a | n/a | more details |
| freetrade | n/a | - | n/a | free | n/a | n/a | more details |
| hargreaves lansdown | 0.45% | capped at £45 a year for shares, trusts, etfs | free | £11.95 | £1.50 | 1% (£1 min, £10 max) | more details |
| barclays direct investing* | 0.2% on funds, 0.1% on other investments | min monthly fee £4, max £125 | £3 | £6 | £1 | free | more details |
| share centre | £57.60 | - | 1% £7.50 min | 1% £7.50 min | 0.5%, min £1 | 0.5%, min £1 | more details |
Free share dealing snapshot
Trading 212
Trading 212, which was founded in bulgaria 16 years ago, has operated an online commodities and currency trading platform in the UK for five years. The firm became the first retail broker in britain to introduced a commission-free share dealing service in 2017.
The service, now called, trading 212 invest, provides access to stocks and etfs across the world’s leading stock exchanges and currencies, including cryptocurrencies, like bitcoin, and commodities.
Trading 212 doesn't levy an administration fees on trades, the only costs to be aware of are the bid-ask spread and the foreign exchange spot price when trading shares overseas. Money held in an isa incurs no additional charge.
Freetrade
Freetrade was founded back in 2015 by adam dodds, a former KPMG manager, but officially launched its commission-free share dealing app in september 2018.
In order to offer fee-free trading, freetrade got an FCA licence and joined the london stock exchange in order to processes its own 'basic' orders in bulk each day at 4pm.
The online broker does not levy for trades that are aggregated and dealt around 4pm every day. UK and US shares cost £1 to trade instantly and a foreign exchange charge which comprises of the spot rate (the price quoted for immediate settlement on a commodity, a security or a currency) plus 0.45 per cent.
Isas are currently free until july 2019 but will cost users £3 a month thereafter. Transferring money out of either an isa or general account into a bank account cost £5 a pop. The bid-ask spread costs also apply.
Coming soon? Etoro and revolut
Etoro could be the next the latest investment platform to launch a commission-free share dealing platform.
Users will be able to trade 1,340 shares that sit on the platform without incurring a broker fee. A spokesman for the firm said the service will land before the end of summer and it won't cap users' amount of free trading.
Digital-only bank revolut is also building a commission-free trading platform on its app, its latest bid to use technology to undercut traditional financial services.
Revolut said users will be able to buy and sell listed stocks in seconds, without paying commission. The firm said the product would generate income from premium subscriptions, which will give perks to paying customers, as well as margin trading, securities lending and interest on cash held. No release date has been given.
FOREX trading accounts
Choose an account type that best suits your trading style.
FOREX.Com account
- Advanced trading platforms with customizable interfaces
- Trade forex, equities and more, all on one account
- Fast, reliable trade executions
Metatrader account
- Dedicated FX trading platform
- Exclusive in-platform market news and analysis
- Trades execute at the best available price
DMA account
- Trade on prices as low as 0.1 on all major FX pairs
- Get commission discounts as low as $20/m traded
- Split the spread and place orders within the top of book spreads
What information do I need when opening an account?
We will need you to provide us with your name and address to establish your identity. Typically, we can verify your identity instantly. For more information, see our account document faqs.
What markets does FOREX.Com offer?
You can trade over 80 currency pairs at FOREX.Com. View our full range of markets.
When is forex market open for trading?
You can trade forex at FOREX.Com 24 hours a day, five days a week. For details, read our forex trading times article.
Is there a charge for central clearing?
We provide central counterparty clearing through an omnibus segregated clearing account (OSCA) free of charge as standard to all clients. If you wish to open an individual segregated clearing account (ISCA), fees apply:
- For an individual these charges are: £13,000 account opening fee, plus account maintenance and transaction charges
- For a corporate entity these charges are: £200,000 account opening fee, plus account maintenance and transaction charges
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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
CFD and forex trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.
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11 best demat & trading account in india 2021 (review & comparison)
Written by pardeep goyal | updated on january 9, 2021 | 160 comments
I opened my first demat account in 2006 after getting my first job because I wanted to invest 20% of my salary in the stock market.
I had no knowledge of stock investing at that time so I thought brokers like ICICI or sharekhan would help me pick the right stocks.
Opening an account with ICICI was easy because I was having a salary account with ICICI bank. They started sending me tips on stock trading and investing.
I kept on buying and selling as per their recommendation but later I realised that I am losing a lot of money in the brokerage because ICICI was charging as high as 0.5% on my trades.
I switched to sharekhan to save brokerage but they were also charging 0.1% on the buy/sell transactions.
I came to know about discount broker zerodha in 2015 that was charging ZERO on stock delivery and flat rs. 20 per transaction for day trading.
In the last 2-3 years, many companies have started offering demat & trading services at flat rates. New companies waive off account opening fees and also offer some additional perks.
If you buy stocks worth rs. 1,00,000 then you would pay approx 500 rs.+ taxes to ICICI but the same you can buy at zero charges + govt fees + taxes from discount brokers like zerodha, upstox and 5paisa.
Our top picks for best demat & trading account in india 2021
Fix brokerage of rs 20 per trade.
Unlimited zero brokerage for 30 days.
Lowest fixed brokerage of upto rs.10 per trade.
Every broker has some advantages and disadvantages. Discount brokers focus on improving their trading platforms while full-service brokers focus on improving customer service.
Your experience with discount broking customer service may not be good but you would save a lot of money in brokerage.
Best demat account with lowest brokerage in india 2021
#1. Zerodha demat account review
Zerodha charges a lower brokerage fee of 0.03% or rs. 20 per executed order whichever is lower. You can save up to 90% as compared to other full-service stockbrokers if you trade in high volumes. The stock delivery trade is free at zerodha.
You will get the trading platforms with advanced charts and other tools for better technical analysis with zerodha.
Why zerodha is at #1
- Most trusted broker in india
- Fix rs. 20 per trade on intraday trades
- Zero brokerage on the stock delivery
- Good customer support
- Best charts and tools for technical analysis
Account charges
- Demat & trading account opening charges – rs 200
- Commodity account opening charges – rs 100
- Annual maintenance charges – rs 300 per year
Zerodha brokerage charges
- Equity delivery- zero brokerage
- Equity intraday- 0.03% or rs 20 per executed order whichever is lower
- Equity futures- 0.03% or rs 20 per executed order whichever is lower
- Equity options- flat rs 20 per executed order
Zerodha trading platforms
- Zerodha kite 3.0 – A complete trading solution for the investors and traders that provides streaming price data, multi-market access, advanced charts and simple UI.
- Kite by zerodha mobile app – A mobile app version of kite 3.0 for a seamless trading experience, especially for the young generation (android/ios) smartphone users.
- Zerodha coin – A platform that lets you buy direct mutual funds online without paying any commissions.
Key benefits of zerodha
- Delivery is totally free. No brokerage on delivery.
- No minimum cap of brokerage per transaction.
- Maximum brokerage charge capped to rs 20 irrespective of transaction volume.
- Provide a margin from 4 to 15 times.
#2. Upstox demat & trading account review
Upstox is one of the best discount brokers in india due to cheap brokerage charges, advanced technology platforms, and high margins.
Upstox charges a fixed brokerage of rs. 20 per trade for intraday irrespective of the trading volume with free stock delivery. You can save a good amount in brokerages when compared to other full brokers.
You will get the fastest & best online trading platform in india with upstox which is the main requirement for trading.
Upstox is offering an unlimited zero brokerage for 30 days which means you can do free trade for the next 30 days without paying a single penny as brokerage.
This is a limited time offer with free account opening.
Why upstox is at number #2
- Free account opening
- Zero brokerage for 30 days
- Benefits worth rs. 4,000
- After that only rs. 20 per trade
- Zero stock deliver brokerage
- Fast account opening process
Upstox account regular fee & charges
- Upstox demat and trading account opening – free
- Upstox annual maintenance charges – rs. 25 per month
Upstox trading brokerage charges
| Type | brokerage |
| equity delivery | rs. 0 |
| equity intraday | lower of rs. 20 per executed order or 0.05% |
| equity futures | lower of rs. 20 per executed order or 0.05% |
| equity options | rs. 20 per executed order |
| currency futures & options | lower of rs. 20 per executed order or 0.05% |
| commodity F&O | lower of rs. 20 per executed order or 0.05% |
Special offer on brokerage (valid till 31st jan)
- Free account opening
- Zero brokerage for the next 30 days
If you are planning to open a demat account, open before the offer ends.
Advantages of upstox trading account
- No brokerage charges for delivery
- Great trading platforms
- Fix & low brokerage irrespective of trade volume
What we didn’t like
- You cannot make the investment to IPO and FPO
#3. 5paisa demat account review
5paisa charges the lowest brokerage charges of flat rs 10. Per trade under the addon ultra trader pack. You can place a single trade worth crores and pay brokerage of just rs 10 per trade.
The ultra trader pack comes with a monthly price of rs. 999. Without the pack, 5paisa charges a flat brokerage fee of rs. 20 per executed order.
You can use a 5paisa mobile trading app for trading. 5paisa mobile app is the best mobile app in india in terms of easy usability, user experience, and fast speed.
You would get your 5paisa account opened on the same day on submitting all the documents. If you are looking for the lowest brokerage demat account, then you go with 5paisa.
Why 5paisa is at #3
- Lowest brokerage charges of rs 10 per trade
- Zero brokerage on delivery
- Fastest account opening process
- Offers the best trading app with easy to use.
5paisa annual charges details
5paisa offers an all-in-one investment account with 2 different addon packs
- Research & idea pack – rs. 499 per month. Brokerage rs. 20 per trade and AMC rs. 45 per month.
- Ultra trader pack – rs. 999 per month. Brokerage rs. 10 per trade and NIL AMC charges.
You need to pay maintenance charges only for the traded month under the research & idea pack.
Investing for growth with revolut trading
Enjoy commission-free stock trading within your monthly allowance
Buying and selling stocks with revolut is accesible for all вђ“ comission-free within your monthly allowance
Metal enjoy unlimited commission-free trades a month, premium enjoy 8 and standard get 3
Buy and sell shares in global companies
Get access to over 750+ stocks, from apple to zoom
Trade in fractional shares, (a small portion of a stock thatвђ™s less than one full share), from as little as $1
Stay informed in real time
Enjoy real time market graphs so you can make informed trading decisions
Keep track of the companies youвђ™re interested in with our in-app global market news
Common questions
Please remember that stock trading puts your capital at risk. The performance of stocks can go down as well as up.
How to get into stock trading?
Itвђ™s easy to get started to trade with revolut, if you're not already. Youвђ™ll need to complete a few additional steps before you can get going - you might need to have your local tax ID handy. Once the red tape is dealt with, you can start trading!
What is stock trading?
Stock trading with revolut means being able to invest in the companies you love, enabling you to buy stocks as part of a diversified portfolio. So just as you might put ВЈ100 into a savings account each month - youвђ™ll be able to do the same, only with stocks. So investing for your future can finally become an attainable reality.
What are fractional shares?
A fractional share is just that: a fraction of a whole share. Companies issue whole units of stocks, called shares, which are then traded on the public market for investors вђ“ like you вђ“ to buy. If you buy a fractional share that means youвђ™re buying a little piece of a companyвђ™s stock вђ“ a fraction of it.
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Manage your everyday spending with powerful budgeting and analytics, transfer money abroad, spend easily in the local currency, and so much more. Join 12M+ already using revolut.
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Capital at risk.
This stock trading platform is facilitated by revolut trading. Neither revolut nor revolut trading provides investment advice and individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability/appropriateness of any investment for their individual circumstances or needs. The value of investments can go up as well as down and you may receive less than your original investment or lose the value of your entire initial investment. Past performance is not a reliable indicator of future results. Currency rate fluctuations can adversely impact the overall returns on your original investment. Any trades outside of your monthly allowance are charged ВЈ1 per trade вђ“ see our trading FAQ for your equivalent. An annual account management fee of 0.01% is charged on your assets monthly. Learn more by reading our full risk disclosure and our trading FAQ.
Revolut trading ltd (FRN 832790) is an appointed representative of resolution compliance ltd which is authorised and regulated by the financial conduct authority. Revolut trading ltdвђ™s registered address is: 7 westferry circus, canary wharf, london, england, E14 4HD.
5 life time free demat and trading account
The demat account or the dematerialized account is a kind of account which all the traders should have mandatorily to trade with shares in the stock exchange. Opening the demat account is the first step towards investing in the mutual funds, securities and so on in india. The purchase and sale of the securities on the demat account will be automatically made post the completion and confirmation of the transactions.
The holders of the demat account require an internet password and also a transaction password. It is necessary to quote the demat account number for all the transactions for electronic settlement of the trade to take place.
In simple layman words, the demat account is similar to the bank account. But instead of cash one will deposit shares or mutual funds or bonds in electronic form in this account.
But to manage the demat account, one has to shell out maintenance charges, irrespective of its usage. The demat AMC (annual maintenance charges) has to be paid by the customer to keep the account active. So, some brokerage houses in india do offer a free demat and trading account for free for a lifetime.
Difference between demat and trading account?
A demat account is storage whereas the trading account is the interface. The purchased shares, bonds, mutual funds will be stored in a demat account. One can purchase and sell shares on the stock exchanges like BSE, NSE through the interface known as trading account.
Let's check the list of 5 life time free demat and trading account.
Prostocks
Founded by S P toshniwal and saurabh ranka, prostocks is a sunlight broking LLP venture. Started in february 2016, prostocks provides services in equity trading, currency trading, derivatives trading, depository services.
Key benefits
- Get flat rs 15 per trade brokerage for intraday and F&O trades.
- Get lifetime AMC free demat account.
- Free account opening through the online paperless account.
- Get brokerage free equity delivery trading at zero brokerage.
Itradeonline
The itradeonline provides modern trading tools built with ease of trading in mind with the help of technology. The customer has to pay rs 20 per executed order or 0.03%, whichever is lower.
The discount broker trades across all segments. There is no need for paying upfront brokerage nor there will be any turnover commitments.
Rmoney
Rmoney is a discount broker. It provides a single platform for all the financial needs as the customer can invest in a commodity, equity, insurance, mutual fund, PMS.
Key benefits
- Get a personalized evening dealer support for commodity trading.
- No fund transfer charges.
- Intraday trading limits on demand
- Get free account opening and lifetime demat AMC
- Get a customized brokerage plan.
Finvasia
One of the fintech company in india finvasia is offering a range of financial services ranging from zero brokerage, zero account opening, zero clearings, zero AMC and so on.
Finvasia is a discount broker. The company provides free lifetime demat and trading account.
Trustline
Trustline is a full-service broker is based out of chennai. It is equity research and asset management company. Its core competence is in financial research with a focus on mid and small-cap space.
Trustline provides free lifetime demat and trading account.
Free demat account – stock brokers opening demat & trading account for free
Given the choice, I would not open an account only because it is a free demat account. No point in opening a free demat account and only later repenting on paying higher brokerage charges.
Even though some stock brokers in india offer demat account for free, they find some other ways to make out for it.
One need to be very careful and understand that all these are marketing gimmicks.
However, just for the completeness of the topic , I am providing the list of brokers offering free demat and trading account.
What is a demat account?
Demat account is an account meant to hold the shares of the companies in electronic (de-materialized) form.
Previously companies used to issue shares in physical forms and shareholders kept them as certificates.
Physical certificates had their own drawbacks and advent of technology made it possible to transact shares in electronic form. I have written a separate article on benefits of demat account over physical form.
Just like savings bank account which is used to hold our money, demat account is for having the shares.
You need to open the demat account with stock brokers.
Share brokers are participants of depositories (like NSDL and CDSL), help in buying and selling on stock market by charging brokerage charges.
Stock brokers provide trading platforms to users which acts as an interface between exchanges and the users. You can transact by yourself by using the platforms.
Nowadays, mobile apps are more popular way of transacting. ( read: best mobile trading apps in india).
Free demat account providers in india
Let us go through in details of each stock brokers offering free demat account.
#1 zerodha free demat account
Zerodha does NOT provide free demat account. That means they levy some charges on demat account opening and yearly annual maintenance charges (AMC).
However, I have included zerodha in the list since they offer zero brokerage demat account.
Zerodha charges zero brokerage for all the investments. ( no brokerage for all the transaction in which you don’t sell the share you purchased same day)
That means no brokerage whether you invest rs 10 or rs 10 crores worth of shares.
Hence, we tend to save tons of money in terms of brokerage which can offset account opening fees(one time) and yearly fee of rs 400.
Below table shows the details of zerodha brokerage charges, across the segments.
You can explore more about them by going through below articles.
Zerodha account can be opened instantly online using aadhaar. Use below link to open your account.
#2 5paisa free demat account
Unlike zerodha, they do not offer zero brokerage. They charge rs 10/executed order, irrespective of volume of trade.
Their account opening fee is rs 650 and AMC is rs 400/year.
However, they refund the account opening free if you deposit rs 5000 in your trading account while opening the account.
You can utilise that amount for trading and investment purpose.
Best thing I like with them is, they provide research reports and intraday trading tips for free.
Below table shows the brokerage charges of 5paisa.
#3 sharekhan free demat account
Sharekhan is third largest stock broker of india as on today (first two are zerodha and ICICI direct)
You will find the outlet of sharekhan at every major cities and towns of india.
Sharekhan has waived of account opening fee.
They have also waived off AMC for the first year and it will be rs 400/year from second year onwards.
Only negative point is thatt, heir brokerage charges are on higher side. Being a full service broker, they charge on the percentage of traded value.
Below table has the details of sharekhan brokerage charges
#4 ICICI direct free demat account
ICICI direct was the biggest stock broker of india until replaced by zerodha.
ICICI direct also offers free demat account , but only on meeting below criteria.
Those who intends to avail free demat account with ICIC direct,
- Should have demat with any other broker and value of the holding should be more than zero
- Should be ICICI bank customers with silver, gold and titanium categories
The best part of ICICI direct is , it is a 3-in-1 demat account. That means, demat account, trading account and ICICI bank savings account are interlinked.
And the worst part is their brokerage charges.
Just compare the below brokerage table of ICICI direct with any other broker and you will make out what I am saying.
#5 angel broking free demat account
Angel broking is one of the leading share broker of india with more than 3 dacades into stock broking.
They also have waived off the account opening fee. You will get free AMC for lifetime by paying rs 2500 as one time charges.
However, this amount is not refundable.
Angel broking brokerage charges are on lower side when compared to other brokers. However, they are still high in comparison to discount brokers.
Recently they have also introduced rs15/executed trade plan owing to cut throat competition from top discount stock brokers.
Below table illustrates the brokerage charges of angel broking
#6 FYERS free demat account
FYERS securities is a bengaluru based discount stock broker.
The demat account opening fee is NIL for FYERS demat account. However, they charge rs 400/year annual maintenance charges.
The brokerage structure of FYERS is exactly same as that of zerodha. They also don’t charge on delivery based trades.
#7 prostocks free demat account
Prostocks is mumbai based stock broker offering free demat account to their customers.
They don’t charge any account opening fee and annual maintenance charges (AMC) is also waived off.
The AMC is free only when you deposit rs 1000 while opening the demat account. This amount is refundable.
They have both flat brokerage and unlimited brokerage plans.
In flat brokerage plan, you will pay rs 15/executed order for all the segments.
In monthly unlimited plan, one can place unlimited trades for rs 899 in equity and rs 499 per month in currency.
It will be rs 8999 and rs4999 per year for equity and currency segment respectively if you choose annual plan.
Free demat and trading account : final thoughts
In my view and also based on my experience in the stock market, I can definitely vouch for the good customer service any day over free demat account.
Demat account opening fee and AMC charges are significant. But they are one time and yearly once kind of charges.
So you should be less worried about them always choose best demat account. Let me explain you with an example
Lets say you trade shares of worth rs 1lakh and pay 0.5% as brokerage. So it will be rs 500 on purchase and rs 500 on sale.
If I had opened demat account with a broker who charges rs0, then I would have saved rs1000 straight away.
Because of this, my recommendation for you is to focus on brokerage charges and customer support instead of preferring free demat account
If you are still confused and need any specific advice, you can always contact me.
Alternatively, you can fill out below form with your queries.
Free real money forex no deposit
Among forex brokers, there is a tough competition going on as to who will get the most number of novice traders. The race for new clients is so important to forex brokers that they are willing to sponsor their new clients by giving them access to take part in live forex trades without making any deposit. This is called the fore no deposit account.
With this development, it is now possible to actually trade the forex market without making any financial commitments at all. The normal trend was to sign up with a broker and make some deposits in your real account before you can start trading the forex market, but things has changed and broker have devised new ways of getting new clients every day. Once you sign up with the broker, you get real money in your account with which you can trade the forex market with.
In as much as this is basically to encourage people to trade the forex market, it is also important t know that there are terms and conditions attached to the forex no deposit accounts. These terms and conditions help the forex broker stay safe and not exposed to huge risks seeing as they are the ones sponsoring their new clients with their no deposit accounts. Some of the terms and conditions are
1. The trader must register with the broker and trade with the platform offered by the broker. This is the main reason why brokers go as far as offering traders the opportunity to trade the forex market without any deposit.
2. Once the client registers with the broker and is set to trade, the broke gives the trader access to an account with a certain amount of real money with which the trader can trade the live forex market on the condition that the trader does not withdraw the money. The money is there and can be traded with but the trader does not have the ability to make withdrawals from the no deposit account until some conditions are met.
3. For the trader to withdraw some real money from his or her no deposit account, the trader must have accumulated some trade points and made some profits. Form the profit made, the trader is expected to make some deposit to his account, which will serve as a trade capital, after which the trader can freely withdraw the rest of the profit made.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of liteforex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of directive 2004/39/EC.
So, let's see, what we have: opening the demat account is the first step towards investing in the mutual funds, securities and so on in india. The purchase and sale of the securities on the demat account will be automatically made post the completion and confirmation of the transactions. At free trading account
Contents
- Top forex bonus list
- 5 life time free demat and trading account
- Prostocks
- Itradeonline
- Rmoney
- Finvasia
- Trustline
- Open and test drive our demo trading account
- Learn to trade with a demo account
- Demo trading support service
- Free trading account
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