Where to open Demat and Trading account
- What is Demat Account
- What is Trading Account
- Brokerage
- Safety on your investment
- Account opening and annual maintenance charges
- User friendly platform
- Required documents to open your Demat and Trading account
What is Demat Account
For a new person the first question would be “what is demat account ” ? Demat account is similar to a bank account which you open in a Bank or with a third party broker.
The only difference is that in your bank account you keep your money whereas in your demat account you keep your shares in digital form.
Safety on your Investment
This is one of the major point you must think where you are going to open your demat account.
Are they reliable ?
Are they providing safety o your investment ?
Brokerage
This is the second major point you must think , how much brokerage they will charge ?
Most of the traditional brokers still charge very high like 0.50% or more on your traded value,
For example suppose if you bought some stocks of 100K rupees then your brokerage would be around 500 rupees, including these charge you also have to pay to your Exchange and Sebi .
It doesn’t matter you get profit or loss. That’s why here we suggest you discount broker, in broking industry they come as a game changer, where the traditional broker charges very high they fixed the brokerage rate 20 rupees per trade for buy and 20 rupees for sale, it doesn’t matter your buy the stock of 1000 rupees or 100K rupees , you only have to pay 20 to buy and again 20 rupees to sail.
That’s why discount broker is more preferred bet over traditional broker, here are some name of top discount broker — Zeordha, 5paisa, SAS Online, upstox etc.. Among them Zerodha is the leading broker with highest no of clients.
To open account with Zerodha go to the link Open Demat account.
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