TOP 10 LOW BROKERAGE HIGH MARGIN DEMAT ACCOUNTS IN INDIA
In this highly chaotic industry of stock broking where each and every stock broker is making huge claims about its extraordinary selling points, it’s quite obvious for any trader or investor, that it becomes quite difficult to make out which stock broker would be the best for their requirements. Also, the people who’re in search of the best of value for their money would prefer a low brokerage high margin Demat account for their investment and trading needs. This is a very difficult combination for any broker but with the introduction of discount brokerage feature, the possibilities of any offerings become quite huge.
Below are the Top 10 low brokerage high margin Demat accounts in India which the traders and investors may choose from. All of these charge low brokerage and offer high margin to the investors.
1. Wisdom Capital
A leader in online trading and the first mover in the segment of discount brokerage, Wisdom Capital was established in 2013. It offers Lifetime Brokerage Freedom Plan which has proved to be a boon for the online brokerage fee savvy traders. When established, these kinds of plans are unique.
Free of cost trading and Demat account
This is the only broker which offers free of cost activation of Demat and trading account across different segments.
Lowest brokerage in industry
a. Freedom plan- introduced the Lifetime Zero Brokerage online trading and investment at Rs. 1947 across all segments
b. Professional plans- flat brokerage of Rs. 9 per trade
2. Trade Smart Online
Trade Smart Online is the venture of VNS Finance. VNS Finance is a group which has been in the business for the last 20 years. Trade Smart Online is the discount broking wing of the group. It offers low brokerage and does not even ask the trader to maintain minimum balance. With Rs. 15 per order this is also one of the Top 10 low brokerage high margin Demat accounts in India.
3. SAS Online
SAS is an online discount stock brokerage firm which provides brokerage services. They deal in future, options and stocks on BSE, NSE and MCX. It was a venture which was initiated as “by traders for traders”, with a commitment of making your money completely count.
They charge Rs.9 per trade irrespective of the size of the trade whenever the traders trade across equity, currency and commodity segment.
Tradejini was established 4 years ago by two entrepreneurs who have a combined experience of more than 60 years in stock investing and stock broking. It is also a member of BSE, NSE, MSEI, MCX and it is also a DP of CDSL. Right from the scratch it’s scaled up its services and operations from a 5 member’s team to more than 60 members’ team and turnover of more than 1000 crores.
You can trade with just Rs. 20 per executed order or 0.01% of the turnover (whichever is lower)
You can open an account with Upstox Pro web and mobile platforms without paying anything. You also don’t have to pay anything for using the trade software. You would be charged zero brokerage fees for Equity Delivery Trading. You will have to pay Rs. 20 per every order for Equity Intraday trading or 0.01% for buying and selling orders.
6. Karvy Online
The next in the list of Top 10 low brokerage high margin Demat accounts in India is Karvy Online. Karvy Group is the leader in the financial industry with 30 years of experience. It has totally redefined the financial services through technological advancement, innovation and customer centric tools. You need to pay 0.50% tariff for equity and 0.05% for intraday and future.
7. 5 Paisa
5 Paisa is backed by IIFL which is one of leading financial products and services companies of India. Its experience in Financial Markets, an understanding of the needs of the customers and expertise of implementing crucial technological solutions gives a wonderful investing experience to the investors at an unbelievably low cost.
You can get a free of cost mutual fund account and trade with Rs. 10 for every executed order in F&O, Equity and Currencies.
8. Aditya Birla Money
ABCL (Aditya Birla Capital Limited) is the top financial services and products players in the country. Having a very strong presence in all the segments like asset management, life insurance, corporate lending, private equity, project finance, structured finance, wealth management, General Insurance, currency, equity, etc. It charges just 0.3% for equity delivery, and 0.03% for equity intraday.
9. Bonanza Online
Bonanza is known to be a financial powerhouse. It was established in 1994 and since then it has emerged as one of the biggest and Top 10 low brokerage high margin Demat accounts in India within a very short period of time. Today, it has become one of the fastest growing companies with five mega group firms under its umbrella. With diligent efforts, acknowledged industry experience and leadership, Bonanza has developed a trustworthy expertise across India with 1784 outlets in 560 cities.
10. Nirmal Bang
Nirmal Bang is a result of a mix of skills, dedication, professional backgrounds and experience. It emphasises mainly on adequate and thorough research, worldwide and local developments thereby balancing them with astute discovery of the intrinsic values, growth as well as synergies of the company. Their aim is just to help investors for maximising the returns. They charge nominal brokerage in comparison to the other full services brokers in the country. They charge 0.2% brokerage on Equity delivery, 0.02% on Equity Intraday and Equity Futures, Rs. 35 per lot on Equity Options.
So these are the Top 10 low brokerage high margin Demat accounts which are available in India. These are gaining a lot of popularity due to their low brokerage, high margin ratio. So if you are also looking for a financial label which charges low brokerage but offers high returns, then you may choose any one of the above brands.