- What is Intraday trading?
- Things to note before choosing the best Demat account for Intraday trading?
- List of 10 best Demat Account For the Intraday Trading
Intraday is one of the well-known segments of the share market, as you can make a profit through the fluctuation in the market on the same day. Finding the best Demat account for intraday trading is a bit challenging.
What is Intraday trading?
Intraday trading or day trading is buying and selling stock within the same day. During the day trading, the position closes at the market timing or before. If a trader does not close the position, it will be squared off timely by the broker’s end. The trading can be placed in different segments like Equity, Equity F&O, Currency F&O, and Commodities F&O. Moreover, the traders who opt for day trading are known as day traders or Intraday Traders.
Why do traders carry out Intraday trading?
There are several advantages and disadvantages of Intraday trading. The trading isn’t sustainable as the prices fluctuate according to the market trend. However, knowledge and strategy can help with money-making in the intraday trading segment.
Advantages of intraday trading
There are several advantages attached to Intraday trading. Some of them are mentioned below.
● A trader can utilize the margin provided in intraday trading to make more profits. Usually, the broker provides exposure in the range of 3-20 times.
● No overnight risk is involved.
● There is no fixed stock number; you can buy one stock and trade in the intraday market.
● Traders can initiate both long and short-term trade, i.e., buy first, sell later or sell first and buy later. This is not possible in the delivery trades.
The disadvantage of the Intraday Trading
Here are a few cons of investing in Intraday trading.
● Usually, the profit made after the deduction of brokerage and other charges is less.
● The price moment is difficult to monitor and analyze, and one needs to be constant in watching the price changes.
Things to note before choosing the best Demat account for Intraday trading?
Here we have discussed a few pointers to keep in mind before choosing the right Demat account for the Intraday trading purpose.
• Low brokerage charges without any hidden costs – One of the most important things to note to trading in Intraday markets is the brokerage charges. The lower the brokerage charges, the higher the profit one makes.
• Margin/Exposure/Leverage – Though exposure is one important factor, don’t go with the brokers who charge higher and unreasonable leverage from the clients.
• Yearly Account Maintenance Charges (AMC): One of the major things to notice is the Account maintenance charges. Opening a Demat account is free, but the account maintenance has some charges that differ from broker to broker. There is no AMC for the first year, but it continues for the rest of the year till the account is active. Some of the stockbrokers charge a hefty AMC from the second year onwards.
• Stability of the Trading Platform: there should be a stable platform to trade easily. In intraday trading, the major role is played by the platform where the client is going to trade as the profit-making position can quickly turn into a loss if the platform hangs
List of 10 best Demat Account For the Intraday Trading
Here is the list of the top 10 best demat account for intraday trading.
| Demat Account | Account opening charges | Intraday brokerage charges |
| Upstox Demat Account | Free | Rs 20 per executed order or 0.05% (whichever is lower) |
| Zerodha Demat Account | Free | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Angel Broking Demat Account | Free | Flat Rs 20 or 0.25% (whichever is lower) |
| 5Paisa Demat Account | Free | Rs 20 per order |
| Sharekhan Demat Account | Free | 0.10% |
| IIFL Demat Account | Free | Rs 20 per order |
| Motilal Oswal Demat Account | Free | 0.50% |
| Kotak Securities Demat Account | Free | Free |
| ICICI Direct Demat Account | Free | Rs 20 per executed order |
| SBI Demat account | Rs 850 | 0.05% |
Upstox Demat Account
The Upstox Demat account is the first suggestion on the best Demat account for intraday trading. You can easily trade in different segments such as shares, mutual funds, digital gold, futures, and more with the help of a digital account.
Upstox is one of India’s tech-first low-cost broking firms, providing trading opportunities at unbeatable prices. You can trade in different segments such as equities, commodities, currency, futures, options through the Upstox Pro Web and Upstox Pro Mobile trading platforms.
Group of investors that include Kalaari Capital, Ratan Tata and GVK Davix back the company.
One can easily trade-in Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives available through Upstox Pro. Upstox Pro is a paid platform.
Zerodha Demat Account
Another example of the best Demat account for Intraday trading is Zerodha Demat account. Currently, the company has more than 5 million clients. You can easily trade In the market with the help of market data and advanced charts that can help you make a wise decision.
Zerodha is also the most popular broker that offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, and Direct Mutual Funds.
If you are an intraday trader, they charge flat fees of Rs 20 or 0.03%. Moreover, it charges Rs 0 brokerage for equity delivery trades and direct mutual funds.
Angel Broking Demat Account
The company Angel Broking Demat Account was founded in 1987. It provides its clients with proper research tools for investing their money. Moreover, You can trade in different segments such as equities, mutual funds, futures and options, currencies, commodities, and IPOs.
It is one of India’s largest full-service retail brokers, and they offer online discount brokerage services. Moreover, the company provides a wide range of investment and trading services, including stock and commodity broking, investment advisory services, margin funding, loans against shares, and financial products distribution.
5Paisa Demat Account
5paisa is another platform for intraday traders offering the best services of the Demat account for Intraday trading. The platform provides several trading options, market research tools, learning tools, portfolio analysis tools, and much more.
One of the leading online stock brokers offering discount brokerage services to retail investors. It is publicly traded and managed by the IIFL founders. According to the current data, they have more than 1.2 million clients.
Clients can easily trade-in different segments such as equity, commodity, and currency at BSE, NSE, and MCX. Moreover, they are a flat rate discount stock broker charging a flat 20 Rs brokerage, irrespective of the size of the trade, segment, or exchange.
They have three subscription plans; Basic Pack, Power Investor Pack, and Ultra Trader Pack. The plans have various benefits for the traders, such as Zero Account opening charges to Flat Fees reduced from Rs 20 to Rs 10.
Sharekhan Demat Account
Sharekhan Demat account is another recommendation on the list of best Demat accounts for intraday trading. The platform provides its clients with tools for learning, portfolio management, market research, and much more.
The company started in February 2000 and became India’s 3rd largest stockbroker (after ICICI Direct and HDFC Securities). Moreover, it provides the services through its online trading website Sharekhan.com. It also has an international presence in the UAE and Oman.
The services cater to customers, including individual investors and traders, corporate, institutional, and NRI. You can trade in various equity cash and derivatives segments on BSE and NSE commodities trading facilities on MCX and NCDEX. Also, if interested, you can invest in mutual funds and IPOs.
IIFL Demat Account
IIFL has been one of the prominent service providers for 25 years. You can easily open a Demat account for free; in addition, you will get market analysis tools to invest in when you are well aware of the market trends.
The company started in 1995 and serves as the best Demat account for intraday trading. It is one of the largest stockbrokers in India and a leading part of the IIFL group that offers a leading financial service provider offering a wide range of services. Moreover, the company is well known for its advice, personalized service, and the use of cutting-edge technology.
You can easily trade in different segments such as Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO Bonds, etc. The brokerage plan is simple flat fee brokerage free equity delivery trading. In other segments, they charge flat Rs 20 per executed order. They also offer NRI Trading and Investment services. They are located in Colombo, Dubai, New York, Mauritius, London, Singapore, and Hong Kong.
Motilal Oswal Demat Account
Motilal Oswal Demat’s account is another leading example of the best Demat account for intraday trading. The company was incorporated in 1987 as the Motilal Oswal Securities Ltd. (MOSL) in a Mumbai. It is an India-based diversified financial services firm. You can easily trade in different segments such as Equity, Commodity, Currency, and Derivatives. Apart from this, the services you can avail of are Mutual Funds, IPOs, Gold, Insurance, and Fixed Income products.
It has been widely known for the MOAMC discretionary Portfolio Management Service (PMS). The clients base is quite diversified, as it includes retail customers (including High Net worthy Individuals), mutual funds, foreign institutional investors, financial institutions, and corporate clients.
Kotak Securities Demat Account
Kotak securities is another leading example of the best Demat account for intraday trading. They have an active client base of more than 20 million customers. Also, they provide 3-in-1 accounts, market analysis tools, and tips for better trading.
It is the leading subsidiary of the Kotak Mahindra Bank. It was founded in 1994. The company offers broking services and distributes financial products in India. They are a corporate member of the BSE and NSE. Moreover, leading depository participants with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
As mentioned above, they are offering a three-in-one account. i.e., Demat, trading, and a bank account together with Kotak Mahindra Bank Limited. Apart from this, it offers various services to trade in Equity, IPO, Mutual Fund, ETF, Tax-free bonds, Currency Derivatives, Gold ETF, etc.
ICICI Direct Demat Account
ICICI Direct is one platform from which you can invest domestically and in the global market. The trader can easily trade in equities, mutual funds, fractional shares, and much more.
Talking about the company is one of the largest retail stockbrokers in India and a subsidiary of ICICI Group. The current client base is around 50 lakh customers. Moreover, they offer investment trading services in various segments like equity, commodity, and currency trading at BSE, NSE, and MCX. Apart from this, you can also trade in Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc.
The company offers the 3-in-1 account, i.e., ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account under one roof. This helps in making a seamless trading experience.
SBI Demat account
SBI Capital Markets Ltd. has a subsidiary company named SBI Demat account Securities. It offers brokerage services to the clients and allows them to trade in Equities, Derivatives(FNO), Retail Equity, etc. they are members of BSE and NSE. The demat account is registered with CDSL. Also, the company provides 3-in-1 accounts (Demat, Savings & Online Trading A/C) which makes investing experience convenient.
Moreover, the company provides both the Resident Indians and NRIs with the to invest in equities, F&O, IPOs, Mutual Fund, etc.
Conclusion – Best Demat Account for Intraday Trading in India
In conclusion, this article covers the 10 best Demat accounts for Intraday trading. The suggestion above provides the best services for the Demat account, lower brokerage, and a platform to easily trade in the Intraday market.
To know more about Demat Account read our article
Best Demat Accounts for Mutual Funds
Best Demat Account Beginners in India
Frequently Asked Questions
Ques: Which Demat account offers the lowest brokerage charges?
Ans. Here is the list of the demat accounts that offer the lowest brokerage charges in India.
1. ICICI Direct
2. Kotak Securities
3. HDFC Securities
4. Motilal Oswal
5. Sharekhan
Ques: Which is the best Demat account for intraday trading in India?
Ans. The list below mentions the best demat account for Intraday trading in India:
● Upstox
● Zerodha
● Angel Broking
● 5paisa
● Motilal Oswal
Ques: Which is the best Demat account for beginners in India?
Ans.- Here is the best demat account for beginners in India.
● Upstox
● Kotak Securities
● SBI securities
● HDFC Securities
● Finvasia
Ques: Which is the best Demat account in India?
Ans.-Below are the companies mentioned as the best demat account providers in India.
● IIFL Securities
● Motilal Oswal Securities
● HDFC Securities
● Sharekhan
● SAS Online
Ques: Which is the best Demat account in India for Small Investors?
Ans.- Here is the list of the top 5 best demat accounts in India for small investors.
● RKSV
● SAS Online
● 5 Paisa
● Trade Smart Online
● Angel One
