Best Demat Account in India (2025) – Top Brokers Reviewed

Investing in the stock market starts with a Demat account. With so many brokers in India, choosing the right one can be confusing. Whether you are a beginner looking for low fees or an experienced trader needing advanced charts, finding the best Demat account in India is crucial for your financial journey.

In this guide, we compare the top brokers like Zerodha, Upstox, Angel One, and Groww to help you make the right choice.

Why Do You Need a Demat Account?

A Demat (Dematerialized) account holds your shares and securities in electronic format. It is mandatory for trading in the Indian stock market. A good Demat account offers:

• Low Brokerage Charges: Save money on every trade.
• User-Friendly App: Buy and sell stocks with ease.
• Fast Account Opening: Paperless KYC in minutes.
• Reliable Support: Quick resolution of issues.

1. Zerodha – India's No. 1 Discount Broker

Zerodha is the biggest stockbroker in India. It is famous for its clean interface and transparency.

Key Features:

• Brokerage: ₹0 for Equity Delivery, ₹20 for Intraday.
• Platform: Kite (Fast and simple).
• Best For: Long-term investors and active traders.
• Account Opening Fee: ₹200.

2. Angel One – Best Full-Service Broker

Angel One (formerly Angel Broking) offers the benefits of a discount broker with the guidance of a full-service firm.

Key Features:

• Brokerage: ₹0 for Delivery, ₹20 for Intraday.
• Advisory: Free stock tips and research reports.
• Best For: Beginners who need guidance.
• Account Opening Fee: FREE.

3. Upstox – Best for Traders

Backed by Ratan Tata, Upstox is a top choice for traders due to its high-speed app and charting tools.

Key Features:

• Brokerage: ₹20 per trade or 2.5% (whichever is lower).
• Platform: Pro Web & Mobile App.
• Best For: Intraday and F&O traders.
• Account Opening Fee: FREE (Limited time offer).

4. Groww – Best for Beginners

Groww started as a mutual fund app but now offers stocks. It has the simplest interface of all.

Key Features:

• Brokerage: ₹20 per trade.
• Platform: Extremely simple app.
• Best For: New investors and mutual fund lovers.
• Account Opening Fee: FREE.

5. ICICI Direct – Best for Banking Integration

If you want a 3-in-1 account (Bank + Demat + Trading), ICICI Direct is the best option.

Key Features:

• Brokerage: Higher than discount brokers (Prime plans available).
• Convenience: Seamless fund transfer from ICICI Bank.
• Best For: Those who prefer traditional banking reliability.

Comparison: Discount vs. Full-Service Brokers

Discount Brokers (Zerodha, Upstox): Offer low fees but no advisory. Good if you do your own research.

Full-Service Brokers (Angel One, ICICI): Offer research tips and relationship managers but charge higher fees (though Angel One is a hybrid).

Conclusion

If you are just starting, Groww or Angel One are excellent choices due to their ease of use and free account opening. for serious trading, Zerodha and Upstox remain the gold standard.

Open your Demat account today and start your investment journey! 📈

FAQs About Best Demat Accounts

Q1. Which Demat account is best for students?
Ans: Groww and Angel One are best as they have no opening fees.

Q2. Is Zerodha better than Upstox?
Ans: Zerodha is better for investors; Upstox is great for traders.

Q3. Can I have multiple Demat accounts?
Ans: Yes, you can open accounts with multiple brokers.

Q4. What is the minimum amount to start trading?
Ans: You can start with as little as ₹100.

Q5. Are Demat accounts safe?
Ans: Yes, they are regulated by SEBI and shares are held with CDSL/NSDL.