If you are new to the trading and stock broking business, it is extremely important for you to make sure you approach a broker that gives you the best possible deal, not only in terms of service, but also costs. So, you should check brokers that offer you a free demat and trading account.
What to look for in Free demat account, free trading account?
It does not mean that just because there is a free demat and trading acccount, you could get the best of service. Most of the low cost brokerages do not offer even send you a physical contract. So, you need to be careful on the service part. Also ask them for the annual maintenance charges. We have tried to mine out the latest data, however, it is highly possible that data gets outdated. You need to check with the broker, before you open your account. Here are a list of brokers that offer you a free demat and trading account.
Sharekhan offers a range of plans and also a free demat and trading account. The services of the firm are excellent and it also has one of the largest branch networks in the country. If you trade in high volumes the firm may also offer some discount to you in terms of broking and other charges. This is a pretty old broking firm and there have been some changes in the management of the firm in the past.
Free lifetime AMC option
SMC offers free account opening and a free demat account. One can integrate the bank and broking accounts, which means it's easy to receive money to and from your account. The company also offers a lifetime free AMC option. A good advantage of the account is that it offers 24x7 access to the back office, which means in case you are not sure of a transaction executed or clear balance or anything with regards to your demat account, you have easy access to the customer service.
Sushil finance also offers free trading and demat account. The company also offers research facilities for clients to back them-up with the right purchase decision. The firm also helps one to execute a three in one order screen for buying and selling in BSE/NSE cash and derivatives segment of the capital markets. Brokerage rates are flexible and would be based on the volumes that have been executed.
IIFL also allows one to open a free trading and demat account. The account opening charges that would be paid would be reversed against brokerage generated in the first 90 days of the account opening. The firm offers competitive brokerage and a dedicated relationship manager. The form also provides access to research reports that would help in buying and selling of stocks.
Angel broking also a top-notch broking firm in the country offers free demat account. The stock brokerage charges and the services are also very competitive.
Geojit BNP Paribas
Geojit BNP Paribas is currently offering a free demat and trading account with nil annual maintenance charges.
It is a good brokerage house that also back you u with good equity research.
Religare is offering free demat account. There maybe other terms and conditions that you need to adhere too.