Choosing the best Demat account for trading in India depends on various factors, including brokerage fees, customer service, trading platforms, research and analysis tools, and other features. As of my last knowledge update in January 2022, several brokers were popular among traders in India. However, it’s essential to note that the financial landscape can change, and new players may emerge.

Here are some brokers that were well-regarded for trading in India:

  1. Zerodha:

    • Known for its low brokerage fees and no hidden charges.
    • Offers a user-friendly trading platform called Kite.
    • Provides a range of educational resources.

Also read: Mstock vs Zerodha comparison

  1. Upstox:

    • Offers low-cost brokerage services.
    • Has a user-friendly interface and a mobile app for convenient trading.
    • Provides technical analysis tools.

  2. ICICI Direct:

    • A well-established and trusted name in the financial sector.
    • Offers a 3-in-1 account (Savings, Demat, and Trading) for seamless transactions.
    • Provides research reports and investment advice.

  3. HDFC Securities:

    • Backed by the reputation of HDFC Bank.
    • Offers a variety of investment options, including equities, derivatives, and mutual funds.
    • Provides an intuitive trading platform.

  4. Sharekhan:

    • A full-service broker with a pan-India presence.
    • Offers research reports, stock tips, and portfolio management services.
    • Suitable for both beginners and experienced traders.

  5. 5Paisa:

    • Known for its competitive brokerage rates.
    • Offers a mobile app for easy trading on the go.
    • Provides a range of financial products.