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5 Life Time Free Demat and Trading Account
The Demat Account or the dematerialized account is a kind of account which all the traders should have mandatorily to trade with shares in the stock exchange.
The Demat Account or the dematerialized account is a kind of account which all the traders should have mandatorily to trade with shares in the stock exchange. Opening the demat account is the first step towards investing in the mutual funds, securities and so on in India. The purchase and sale of the securities on the demat account will be automatically made post the completion and confirmation of the transactions.
The holders of the demat account require an internet password and also a transaction password. It is necessary to quote the demat account number for all the transactions for electronic settlement of the trade to take place.
In simple layman words, the Demat account is similar to the bank account. But instead of cash one will deposit shares or mutual funds or bonds in electronic form in this account.
But to manage the demat account, one has to shell out maintenance charges, irrespective of its usage. The demat AMC (annual maintenance charges) has to be paid by the customer to keep the account active. So, some brokerage houses in India do offer a free demat and trading account for free for a lifetime.
Difference Between Demat and Trading Account?
A Demat account is storage whereas the Trading account is the interface. The purchased shares, bonds, mutual funds will be stored in a demat account. One can purchase and sell shares on the stock exchanges like BSE, NSE through the interface known as Trading Account.
Let's check the list of 5 Life Time Free Demat and Trading Account.
Prostocks
Founded by S P Toshniwal and Saurabh Ranka, Prostocks is a Sunlight Broking LLP venture. Started in February 2016, Prostocks provides services in equity trading, currency trading, derivatives trading, depository services.
Key Benefits
- Get flat Rs 15 per trade brokerage for intraday and F&O trades.
- Get lifetime AMC Free Demat Account.
- Free Account Opening through the online paperless account.
- Get brokerage free equity delivery trading at zero brokerage.
iTradeOnline
The iTradeOnline provides modern trading tools built with ease of trading in mind with the help of technology. The customer has to pay Rs 20 per executed order or 0.03%, whichever is lower.
The discount broker trades across all segments. There is no need for paying upfront brokerage nor there will be any turnover commitments.
RMoney
RMoney is a discount broker. It provides a single platform for all the financial needs as the customer can invest in a commodity, equity, insurance, mutual fund, PMS.
Key Benefits
- Get a personalized evening dealer support for commodity trading.
- No fund transfer charges.
- Intraday trading limits on demand
- Get free account opening and lifetime demat AMC
- Get a customized brokerage plan.
Finvasia
One of the FinTech company in India Finvasia is offering a range of financial services ranging from zero brokerage, zero account opening, zero clearings, zero AMC and so on.
Finvasia is a discount broker. The company provides free lifetime demat and trading account.
Trustline
Trustline is a full-service broker is based out of Chennai. It is equity research and asset management company. Its core competence is in financial research with a focus on mid and small-cap space.
Trustline provides free lifetime demat and trading account.
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