Every investor in the field of stock market in India is in search for the best demat and trading accounts. But the fact is that choices of investors are different, priorities are different. That is why no single Demat provider or broker can get all the votes to be declared as the best Demat.
The main aspects of a good demat trading account provider are trading platform (terminal/mobile app), brokerage, customer service, exposure, research call, credibility, etc.
There are hundreds of stock brokers in India. Each and every broker is doing its best to provide better service in terms of various aspects stated above. But this is the fact that it is quite impossible to provide all the services mentioned above to the highest satisfactory level of the clients.
On the other hand, the priority of traders and investors are also versatile. A beginner seeks suggestions and advice for picking the right stock or Mutual Fund or other financial products. For this they are ready to pay higher brokerage and other charges. In course of time a beginner gains experience and education to grow their own strategy and tricks for picking the right stock and invest their hard earned money.
Brokerage is a mandatory charge which is paid to the brokers by the traders and investors for enjoying all the services offered by the broker. So, low brokerage is always welcome to all investors irrespective of small or big.
Trading Platform is the most important thing that a broker can provide for their clients. The clients usually looks for easy execution of orders, display of charts and various tools for analysis, easy and transparent fund management and facility of investing in multiple financial products like equity, commodity, Mutual Fund, F&O, Currency, IPO, etc. There should be both terminal based and mobile based platforms for maximum ease of users.
Then comes the issue of support team. It is very important when you need information, clarification, guidance and all these things. So, a good responsive support team is a compulsory aspect of the best demat trading account provider.
As far as the question relates to the best demat trading account, Zerodha, the Bengaluru based technology first discount broker, may be suitable option for expert traders as well as beginners because
- Their charging pattern is very attractive for both small and big investors and traders.
- For trading (Intraday) in equity, commodity, currency, they charge 0.01% or Rs 20/- (lesser one) per executed order.
- For delivery, the charge Nil brokerage.
2. They have educational initiative platform Varsity which is very helpful who wish to learn basics of stock market, analysis of market and stock, management of fund and psychology in simplified knowledge.
3. Their platforms are technically sound, versatile and user friendly. They have Pi, a heavy software based terminal as well as Kite, one of the lightest HTML5 based platform for web/android/ios.
They provide unique facilities for day traders like Cover Order, Bracket Order and Trailing Stoploss all of which will help a trader to get maximum margin and minimum protection against loss and maximum gain.
Pro traders can get the advantage of knowledge and skill by using their advanced charting with various indicators.
They have launched Coin platform for clients who wish to invest in Mutual Fund on direct mode.
4. They have multilingual support team at your help. But they have other interactive platforms like TradingQnA, Z-Connect, Pulse for all your queries.
5. They completed their 7th year on the Independence Day, 2017 with great achievement of having 4 lakh clients and being the fastest growing broker in Indian Stock Market with Zero debt.
6. They charge Rs 300/- for opening Trading cum Demat account, Rs 200/- for Commodity account and Rs 300/- as AMC.
You can easily open your account with Zerodha online: Open an online trading and demat account with Zerodha and enjoy the lowest brokerage