Broking firms that offer free demat account | Fusion - WeRIndia

In trading and stock broking, it is absolutely essential to make sure to find the best possible deals from brokers, in terms of both service and cost; at best, a free demat and trading account.

These take difficult and careful finding; however, here are some brokers that offer both of these:

•Geojit Financial Services offers a free trading account, a free demat account, and nothing in maintenance charges. The delivery based transaction is 0.3 percent, the intraday charges are 0.03 percent, and the future segment charges are also at 0.03 percent.

• 5 Pasia.com offers both a free demat account and a brokerage of only ₹10 per trade. They also allow a single account for multiple investments, which can be done over desktop, web, and mobile platforms, and one can trade across all of these platforms as well.

• As well as their offerings of both a free demat and trading account, Sharekhan offers a wide range of broking plans. It offers a brokerage in three legs in the options and futures segment which includes 0.1 percent and 0.02 percent.

• Sushil Finance also offers both a free trading and demat account, as well as research facilities to help one with the right purchasing decisions. Unlike other finances, Sushil Finance also has both flexible and unfixed brokerage rates and charges.

• IIFL is another provider of a free trading account and a free demat account, and the opening charges are reversed against brokerage within the first 90 days of the account. The brokerage charge is based on trade value, such as 0.35 percent for between ₹10 and ₹20.

• Angel Broking offers a lifetime free demat account, and has competitive brokerage services and charges. It promises trading in one hour, and undertaking online transactions allow a 20 percent discount on brokerage.

• Lastly, Religare Online is a free demat account, with possible other terms and conditions that must be agreed upon as well.

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