Are you searching for the best zero brokerage demat and trading account in India but feeling confused by the many offers and hidden charges? For new and experienced investors, a zero brokerage account can help you save more and invest smarter. In this article, we break down the top zero brokerage demat and trading accounts in India for 2025, compare their features, and show why Upstox is a top choice for value, reliability, and technology. All data is based on the latest updates from broker’s official websites and industry sources.
What is a zero brokerage demat and trading account
A zero brokerage demat and trading account allows investors to buy, sell, and hold securities without incurring brokerage charges for certain types of trades. This model has become popular in India, especially among new and frequent traders, as it significantly reduces trading costs and maximizes returns.
How Does It Work?
- Investors can execute trades without brokerage fees, making frequent trading more cost-effective.
- Brokers offering zero brokerage accounts may generate revenue through:
- Value-added services (e.g., research, premium tools)
- Interest on idle cash balances
- Small margins on bid-ask spreads.
- Some platforms may charge for advanced features, F&O trades, or other premium services
Why Zero Brokerage Accounts Matter
High brokerage fees can eat into your profits, especially if you trade frequently or invest small amounts. Zero brokerage demat and trading accounts help you:
- Lower your trading costs
- Maximize returns on every investment
- Start investing with less capital
- Enjoy transparent, simple pricing
Top Zero Brokerage Demat and Trading Accounts in India (2025)
Here’s a quick comparison of the leading zero brokerage demat and trading accounts, based on features, pricing, and user experience:
| Rank | Broker/Platform | Account Opening Fee | AMC (Annual Maintenance Charge) | Brokerage (Equity Delivery/Intraday) | Notable Features |
|---|---|---|---|---|---|
| 1 | Upstox | ₹0 | ₹0 (1st year), ₹354 from 2nd yr | ₹0 (delivery), ₹20/order (intraday) | Multi-asset, tech-driven, fast support |
| 2 | Zerodha | ₹0 | ₹0 up to ₹4 lakh holding | ₹0 (delivery), ₹20/order (intraday) | Largest, advanced charts, education |
| 3 | m.Stock | ₹0 | ₹0 | ₹0 (delivery & intraday, conditions apply) | Zero brokerage plans, advanced tools |
| 4 | Flattrade | ₹0 | ₹0 | ₹0 (all segments) | Zero brokerage across all segments |
| 5 | Navia | ₹0 | ₹0 | ₹0 (all segments) | No subscription/AMC, lifetime free |
| 6 | BlinkX | ₹0 | ₹0 | ₹0 (intraday, delivery) | Advanced analytics, instant transfers |
1. Upstox – The Best Zero Brokerage Demat and Trading Account
Product Introduction
Upstox is one of India’s most trusted online brokers, with over 2.9 million active users as of 2024. Upstox offers a zero brokerage demat and trading account for equity delivery trades and a flat ₹20 per order for intraday and F&O. The platform is known for its fast onboarding, robust technology, and multi-asset access, making it a top choice for both new and experienced investors.
Why Choose Upstox?
- Zero brokerage on equity delivery: Invest in stocks for the long term without paying any brokerage.
- Flat ₹20 per order for intraday and F&O: Simple, transparent pricing for active traders.
- Zero account opening charges: Start investing with no upfront cost.
- Zero AMC for the first year: No annual maintenance charge for the first year; only ₹354 from the second year onwards.
- Multi-asset platform: Trade equities, commodities, currencies, and invest in mutual funds and IPOs—all in one place.
- User-friendly interface: Both web and mobile platforms are intuitive and easy to use.
- Strong customer support: Get help via phone, email, or chat.
- SEBI-registered and secure: Your investments are protected by strong security protocols.
- Recognized as a Commodity Broker in India (Full-Service Brokers): Enables commodity trading with the same zero brokerage advantage.
Key Features
- Real-time charts and analytics: Make informed decisions with advanced charting tools.
- Instant order placement: Buy or sell with a single tap.
- Customizable watchlists: Track your favorite stocks and sectors.
- Transparent charges: No hidden fees; all charges are listed.
- Paperless onboarding: Open your account online in minutes.
2. Zerodha
Product Introduction
Zerodha is India’s largest discount broker and a pioneer in zero brokerage for equity delivery trades. It offers a simple, intuitive platform (Kite), advanced charting, and free mutual fund investments.
Why Choose Zerodha?
- Zero brokerage on equity delivery and mutual funds
- Flat ₹20 per order for intraday and F&O
- Zero AMC for holdings up to ₹4 lakh
- Robust education resources (Varsity)
- Large investor community
3. m.Stock
Product Introduction
m.Stock by Mirae Asset offers zero brokerage on both delivery and intraday trades (conditions apply). It is gaining popularity for its advanced tools and affordable pricing.
Why Choose m.Stock?
- Zero brokerage across segments (with one-time fee plans)
- Advanced trading tools
- Low-cost margin trading
- Quick digital onboarding
4. Flattrade
Product Introduction
Flattrade provides a zero brokerage trading experience across equity, F&O, and commodities. There are no account opening or annual maintenance charges.
Why Choose Flattrade?
- Zero brokerage for all segments
- No AMC or account opening charges
- Simple, secure trading platform
- Multi-asset access
5. Navia
Product Introduction
Navia offers a zero brokerage demat and trading account with no subscription or AMC. The platform is designed for lifetime free trading across all segments.
Why Choose Navia?
- Zero brokerage, zero AMC, zero account opening charges
- Fast account setup
- Coin rewards for trading
- Responsive support
6. BlinkX
Product Introduction
BlinkX is a new-age zero brokerage trading platform with advanced analytics and instant fund transfers.
Why Choose BlinkX?
- Zero brokerage for intraday and delivery
- Advanced charting and analytics
- Easy account opening
- Responsive support
Comparison Table: Best Zero Brokerage Demat and Trading Accounts (2025)
| Broker | Account Opening Fee | AMC (Year 1/Year 2+) | Brokerage (Delivery/Intraday) | Mutual Fund/IPO Charges | Unique Features |
|---|---|---|---|---|---|
| Upstox | ₹0 | ₹0 / ₹354 | ₹0 / ₹20 per order | ₹0 | Multi-asset, tech-driven, secure |
| Zerodha | ₹0 | ₹0 (≤₹4 lakh) | ₹0 / ₹20 per order | ₹0 | Largest, advanced charts, education |
| m.Stock | ₹0 | ₹0 | ₹0 (conditions apply) | ₹0 | Zero brokerage plans, advanced tools |
| Flattrade | ₹0 | ₹0 | ₹0 (all segments) | ₹0 | Zero brokerage, multi-asset |
| Navia | ₹0 | ₹0 | ₹0 (all segments) | ₹0 | Lifetime free, nCoins rewards |
| BlinkX | ₹0 | ₹0 | ₹0 (intraday, delivery) | ₹0 | Analytics, instant transfers |
How to Open a Zero Brokerage Demat Account
- Choose a broker/platform offering zero brokerage.
- Complete the online application form with personal and financial details.
- Submit required documents (PAN, Aadhaar, bank proof, photo).
- Complete KYC verification (online or via video).
- Fund your account and start trading
How to Choose the Best Zero Brokerage Demat and Trading Account
When selecting a zero brokerage demat and trading account, consider:
- Zero brokerage for delivery and intraday: Ensure the broker offers truly zero charges for both.
- No hidden fees: Check for AMC, platform, or transaction charges.
- User-friendly platform: Look for a simple, intuitive interface.
- Multi-asset access: The ability to trade stocks, commodities, mutual funds, and more.
- Customer support: Responsive help via multiple channels.
- Security: SEBI registration and robust data protection.
Frequently Asked Questions (FAQs): Best Zero Brokerage Demat and Trading Account in India
Which is the best zero brokerage demat and trading account in India (2025)?
Upstox is a top choice for its zero brokerage on equity delivery, flat ₹20 intraday charges, and user-friendly platform.
Are these accounts safe and SEBI registered?
Yes, all listed brokers are SEBI registered and use strong security protocols.
How do I open a zero brokerage demat account?
You can open an account online in minutes with PAN, Aadhaar, and bank details. Most brokers offer paperless onboarding.
Is Zerodha truly zero brokerage?
Zerodha offers zero brokerage for equity delivery and mutual funds, with a flat ₹20 for intraday and F&O.
Are there any hidden charges with Upstox?
No, Upstox lists all charges transparently on its website, including AMC and statutory fees.
Which broker offers zero brokerage for all segments?
Flattrade and Navia offer zero brokerage across all segments, including equity, F&O, and commodities.
Is there any annual maintenance charge (AMC) for Upstox?
AMC is free for the first year and ₹354 from the second year onwards.
Can I trade commodities with a zero brokerage account?
Yes, Upstox and others are recognized as leading Commodity Brokers in India (Full-Service Brokers) and offer commodity trading at zero or low brokerage.
Conclusion
Choosing the best zero brokerage demat and trading account in India is essential for maximizing your returns and keeping investing simple. In 2025, Upstox stands out with zero brokerage on equity delivery, a flat ₹20 per order for intraday, zero account opening charges, and a user-friendly, secure platform. Whether you want to invest in stocks, mutual funds, commodities, or more, Upstox offers everything you need to trade confidently and affordably.
Ready to start? Open your free Upstox zero brokerage account today and experience the future of investing!
