Searching for the Lowest Brokerage Demat Account in India

This article will compare the 7 Lowest Brokerage Demat Account in India, mainly targeting how they differ in brokerage charges.

When you think about opening an account with a company, what’s the first thing that comes to your mind? Reviews, records, accolades? Perhaps in the hurry to find both positives and negatives of a single firm, we choose to ignore its competitors. Maybe they have better prices or schemes to offer. Why not compare?

It’s always beneficial to consider multiple options before choosing the one that is most suitable for you. That way, you’ll be able to identify the traits of an application that is most suitable for you, making the entire decision-making process more manageable. 

It also ensures you choose the right account from the very start. This is important so that you are exposed to a plethora of features when you start aggressively trading in the future and don’t regret your initial decision. 

At the end of the day, you’ll want your transactions to run smoothly, your savings and balance to be kept confidential, and your details safeguarded from the public eye. 

From a customer’s point of view, you’d naturally want lower rates; thus, we’re going to discuss one of the many parameters that you must consider when trying to open a demat account with an application/firm. 

We’ll be comparing Zerodha, SAS, Edelweiss, ProStocks, Trade Smart, Upstox, Zerodha, and 5paisa. 

Lowest Brokerage Demat Account in India

1. Zerodha Demat Account 


In my honest opinion, Zerodha is the lowest brokerage demat account in India as of 2024. Considered the market leader in the stockbroking industry, there’s no doubt that customers love its features and facilities. 

Not only is the firm very experienced, but it also has a good team that works day and night to offer customers new schemes and account services. They’re known for their discount broking plan, charging a very minute fee of INR 20 for every transaction. 

They also are very strict about charging no hidden fees. Compared to other firms, the fee Zerodha charges is relatively higher. Still, in terms of its popularity and customer reviews, this should be your go-to application for a demat account. 

Not only does it offer you easy installation, but it also gives you well-developed market research on trends and patterns of the stock exchange. It’s accumulated and brought together 5 million+ people, so you wouldn’t want to miss out, especially with its immaculate track record! However, it's important to bear in mind that Zerodha had many glitches in 2023.

2. 5paisa Demat Account


5paisa is the most popular Lowest Brokerage Demat Account in India. Known as one of the fastest-growing trading apps, also with 5 million+ users, 5paisa has become a go-to Indian software for both beginner and expert traders. Just like Zerodha, there is a 0% brokerage charged as per the value of your transaction. 

Instead of spending thousands and lacs of rupees, you simply need to pay a flat fee of 20 per transaction, regardless of the amount you traded. With that deal, one that sets both 5paisa and Zerodha at equal levels, we must compare other factors to find the most suitable application for you. 

The fee for mutual funds investment is only 1-2% per annum. That expenditure gives you a portfolio analytics feature that automatically evaluates how much profit each of your investments has brought it. It gives you suggestions on which fund in your portfolio you should sell or buy more shares of. 

Nonetheless, you must spend extra money on tools and market research. That isn’t free and could be considered a drawback compared to Zerodha. 

3. Upstox Demat Account  


Upstox is the third well-known Lowest Brokerage Demat Account in India 2023. Pay a small sum of INR 199, and you’ll be all set to trade with Upstox. It’s known for its user-friendly interface that makes trading very easy. 

You get the privilege of having your demat and trading account in the same place. This makes your transactions seamless as there are lesser details and formalities involved. 

Moreover, zero brokerage is charged on stocks, mutual funds, digital gold, IPO’s and NFOs. You only need to pay a flat fee of INR 20 for over Intraday and F&O orders. This is a great deal for all you folks that love saving money. What a satisfying feeling. 

Not only that, you get a variety of investments schemes like stocks, futures, options, mutual funds, digital gold, IPO, and others to invest in. You could start from scratch and get to a place you feel confident and proud about. Upstox also allows you to trade from anywhere.

You could be sitting in an Italian Café, sipping a cocktail while making thousands with one tap. How cool! 

4. Trade Smart Demat Account

Trade Smart is another Lowest Brokerage Demat Account in 2023. Looking for a brokerage plan that costs you a lower amount than the one present above, in just about a few seconds, you’ll feel glad about sticking around till now. 

Trade Smart offers you a brokerage flat fee charge of INR 15, 5 rupees less than the other companies, but imagine- with thousands and lacs of transactions accumulated over several years, those 5 rupees would have turned into profits worth so much. 

Saving is always the way to go. Thus, regardless of the size of your trade, you will only be charged a certain amount. Trade Smart recommends this deal for traders who are less frequent but transact (buy and sell) massively sized shares. 

A great feature that is less common among most applications is good exposure. Trade smart guarantees you 10x exposure on intraday, F&O, currency, and commodities. 

There’s also no commitment to a minimum value of transactions you must carry out every day, monthly, or yearly basis- once you have the account, you choose when you want to be active. 

5. Prostocks Demat Account

Prostocks is a recent addition to our Lowest brokerage demat account in India 2023. This company may be the only one with two of its best plans clearly stated for the public. One focuses on an unlimited trading plan that charges INR 899 or 499, depending on what service you’d want to invest in. 

It could be equity and cost derivatives or commodity trading. The main advantage is that you can trade as many shares as you’d like without having to pay any brokerage fee once the initial is transacted. Over time, this may be beneficial. The other plan focuses on flat-fee brokerage, charging a similar amount of INR 15 regardless of your trade size. 

Both have their perks when a long-term brokerage experience is considered. Prostocks and trade smart are similar to each other, but this application has a variety of plans, giving the customer options to choose from. 

6. Edelweiss Demat Account 

Edelweiss is our favorite lowest brokerage demat account in India. When you think of stockbroking, the most common name that comes to most people’s minds is Edelweiss. It has established itself as one of the market leaders, specializing in flat fee brokerage. Edelweiss also has two distinct plans.

The first s considered ‘Lite’ as it is rich in features and low on one’s pockets. The flat brokerage charge is half of most companies, valued at INR 10 for Intraday and F&O. There is no relationship manager assistance needed when you’re making the transaction, and you could do it right then and there with their ‘pay and use’ mode. 

The second plan is called ‘Elite’ because it is rich in features and high on privileges. You get a lot more exposure to services and market research. The pricing is volume and slab-based. All its schemes and features will be complimentary, along with its managerial assistance. Great for some advice! 

7. SAS Online Demat Account 

Last but not least is our SAS online lowest brokerage demat account in India. We come to the final quoted price at INR 9. When moving in descending order, this seems like an application you’d want to stick with. 

Although you get a lower exposure of 4x for equity (relative to other firms), you are charged only 9 rupees for your transaction regardless of its size. Call and trade charges stick to INR 20. The other plan is the INR 999 monthly plan that allows you unlimited transactions. However, if you’re a less frequent trader but invest big amounts, go by the flat brokerage scheme. 


We hope this comparison has helped you make a better decision as to which company you should trust most. They’ve got a variety of features in them, a plethora of parameters you must consider, but we’ve narrowed it down to the brokerage charges for this one. However, you need to compare the demat accounts mentioned in this article to choose the right platform for your trading and investment requirements.


What is a demat account? 

A demat account is an electronic account used to hold and manage your securities, such as stocks, bonds, and mutual funds, in electronic form, eliminating the need for physical certificates in the stock market.

You can open a demat account with any stock broker. Besides, if you want you can have demat accounts with multiple brokers. For example, you can have a Motilal Oswal demat account, as well as, Sharekhan demat account. 

What are demat account charges?

Demat account charges refer to the fees associated with opening, maintaining, and using a demat account. These charges can vary based on the broker and the services provided.

Are there any discount brokers in India? 

Yes, there are discount brokers in India that offer competitive brokerage rates, making trading more cost-effective. However, you must compare, and find the right discount broker for your trading requirements. Some of these stock brokers are:

  • Zerodha
  • 5Paisa
  • Upstox
  • ProStocks

What are the benefits of a low brokerage demat account? 

A low brokerage demat account can help you save on trading costs, allowing you to maximize your investment returns. It's important to choose a broker with a fee structure that aligns with your trading frequency and strategy.

Are there any additional charges apart from brokerage fees? 

Yes, there might be additional charges such as account opening charges, AMC charges (Annual Maintenance Charges), and delivery charges. Check our list for related terms.

What is the significance of a trading platform? 

A trading platform is a software for online trading through which traders and investors can execute trades, analyze market data, and manage their investments. Trading platforms, these days, come with many advanced features including Algo trading.

How do I choose the best demat account for my needs? 

To choose the best demat account, consider factors like brokerage charges, trading platform features, customer support, and additional services.

How can I invest in a mutual fund through a low brokerage demat account? 

Investing in mutual funds can be done through a demat account with a stock broker like Paytm Money, which offers low brokerage options with a wide range of investment options.

What are the benefits of trading in the Indian share market with the lowest brokerage charges? 

Trading in the Indian share market using a low brokerage account enables you to maximize your profits by minimizing fees, especially for options trading and Intraday trading.

Can NRI traders enjoy low brokerage charges too? 

Yes, NRI trading options are available with brokers like Kotak Securities demat account or HDFC Securities, offering low brokerage charges for international investors.

Are there any additional charges besides brokerage fees? 

In addition to brokerage fees, be aware of demat account opening charges, AMC charges (Annual Maintenance Charges) and delivery charges that might apply to your demat account.

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