Best Trading Accounts In India

Many of the readers asked me whether it is possible to open trading only account?. Yes, it is possible. Infact I opened only trading account with Zerodha in year 2012.

Now that we know it is possible, let us have a look at some of the best trading accounts in India.

best-trading-account-in-india

What is a Trading Account ?

In simpler term, trading account helps in executing the order and conduct the transaction. Without it you can not trade on stock exchanges such as NSE and BSE.

How Trading Account is different from Demat Account?

Demat account is used to hold the shares purchased by you. If I have to give similarity, it is just like savings bank account in which money is deposited.

The share brought through trading account are deposited in demat account. And whenever you sell the shares, shares are debited from the demat account and sold on exchanges through trading account.

Best Trading Account in India:

As I mentioned in the beginning, you may be interested in opening only trading account and it is possible.

Probably you to deal only in derivatives ( Futures and Options) or Intraday segments. Basically you are not interested in taking delivery of the shares and hence demat account is not required.

Below is the list of best trading accounts in India provided by some of the reputed stock brokers of India.

#1. Zerodha

Zerodha offered only trading account initially and used to provide demat account on need basis from another broker (IL&FS). Now they provide their own demat account. But still you can open trading account only.

Zerodha Trading Account Charges:

  • Trading Account Opening Charges : Rs 300
  • Trading Account Maintenance Charges : Nil
  • Brokerage Charges for Trading : Rs 20/executed order

#2. Upstox

Trading account opening charges of Upstox is lower than Zerodha. However the brokerage pricing is same.

Upstox Trading Account Charges:

  • Trading Account Opening Charges : Rs 150
  • Trading Account Maintenance Charges : Nil
  • Brokerage Charges for Trading : Rs 20/executed order

#3. TradeSmartOnline

Trade Smart Online have their own DP as well. But again one can open trading account only.

TradeSmartOnline Trading Account Charges:

  • Trading Account Opening Charges : Rs 200
  • Trading Account Maintenance Charges : Nil
  • Brokerage Charges for Trading : Rs 15/executed order

Final Thoughts on Best Trading Account In India:

One can manage with trading account only and save considerable amount in terms of Demat account opening charges and demat account Annual Maintenance Charges (AMC).

Sales guys of all top stock brokers boast that they provide best trading account in India. However, do compare them with each parameter before opening the account. After all it is your money at stake!.


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