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Top Brokerage Firms to Open a Demat Account at Zero Brokerage Charge

Demat account is a necessity for the individuals who want to invest their money in the shares and stock market. This account will hold your share in the electronic form. The individuals who are new to this field, they should be smart and very careful while choosing a demat account. First off, you have to pay some fee to open a demat account. It depends on the brokerage firm you are choosing for your account. For example, Zerodha Brokerage Charges rate is 0.01% or Rs 20 per trade. You should open your account with the firms offering zero or low account opening charges. There are a number of brokerage firms who can help you to open and maintain your account.

Here are some brokerage firms that can help you to open a demat account at low brokerage charges:


RKSV:

RKSV is one of the online brokerage companies and it is known for its flat Rs 20 per trade brokerage charges irrespective of trading size. It has more than 22,000 customers. It offers its trading services to buy and sell shares. RKSV has two trading platforms: Uptox and NEST. Uptox platform is a mobile and website based trading platform and it offers online trading, examination & charting. NEST platform is also a website and mobile-based trading platform but it requires the installation of trading applications.

Benefits of RKSV:

  • With the help of flat brokerage charges, big investors can save a significant amount of money.
  • Free delivery.
  • If you refer a friend, it will offer you 10% referral credits to you.

Drawbacks of RKSV:

  • It doesn’t provide facility to invest in IPO, FPO, and mutual funds.
  • It charges additionally of Rs 20 per executable order on call.
  • Multi-account facility is not available.

Zerodha:

Zerodha is one of the largest discount broker having more than 1.5 lakh trading customers and its average of the daily trading transaction is more than Rs 10,000 crores. It is best for the individuals who are new to this field and for the small investors because there is no minimum brokerage charge for per trade. It will help you to save money as they charge at the brokerage rate of 0.01% or Rs 20 per trade, whichever is low.


It also offers a 60-day challenge. If a trader is capable of doing net profit in the given time duration, their all brokerage charges will be refunded back to them.


Benefits of Zerodha brokerage charges are:

  • No brokerage charges on delivery.
  • Provide margin from 4 to 10 times
  • No minimum limit of brokerage per transaction
  • Brokerage charges can be limited to max. Rs 20 irrespective of transactions.

Zerodha Brokerage Charges:

  • There is equity delivery at zero brokerage.
  • There is equity Intraday at 0.01% or Rs 20/per trade whichever is lower
  • There are equity Futures at 0.01% or Rs 20/per trade whichever is lower
  • There are equity Options at flat Rs 20 per trade.

There is a lot more demat account opening companies which offers their services at lower brokerage charges. For best brokerage charges, you can choose Zerodha Brokerage Charges or for more brokerage broking charges information, explore the website here: http://niftyfriend.com/.