Intraday trading, also known as day trading, is a popular trading strategy where traders buy and sell stocks or other securities within the same trading day. To engage in intraday trading, it is essential to have a reliable demat account that provides a seamless trading experience and fast execution of trades. In this article, we will discuss the best demat accounts for intraday trading.
Our Top Pick Stock Broker for Demat Account in India 2024
 |  Upstox  Best for Beginners, Free Account Opening, & Saves from high brokerage fees. | |
 | ZERODHA Best for Quick, easy, and cost-effective equity trading. |
List of Top 5 Best Demat Accounts for Intraday Trading in India 2024
Zerodha is one of the most popular brokerage firms in India and is known for its low brokerage fees and advanced trading platforms. It offers a seamless trading experience with its state-of-the-art trading platform, Kite. Kite provides real-time market data, advanced charting tools, and a user-friendly interface, making it an ideal platform for intraday traders. Zerodha also offers margin trading and provides higher leverage for intraday trading. With its low brokerage fees, Zerodha is an excellent choice for intraday traders.
- Upstox Demat Account:
Upstox is another popular brokerage firm that offers a robust trading platform for intraday trading. Its trading platform, Upstox Pro, is designed for active traders and provides advanced charting tools, technical analysis, and real-time market data. Upstox also offers margin trading and provides higher leverage for intraday trading. With its low brokerage fees and user-friendly platform, Upstox is an excellent choice for intraday traders.
- Angel One Demat Account:
Angel One is a well-known brokerage firm that offers a range of trading services, including intraday trading. Its trading platform, Angel One Trade, provides real-time market data, advanced charting tools, and technical analysis, making it an ideal platform for intraday traders. Angel Broking also offers margin trading and provides higher leverage for intraday trading. With its competitive brokerage fees and excellent customer support, Angel Broking is an excellent choice for intraday traders.
- ICICI Direct Demat Account:
ICICI Direct is a popular brokerage firm that offers a range of trading services, including intraday trading. Its trading platform, ICICI Direct Trade Racer, provides real-time market data, advanced charting tools, and technical analysis, making it an ideal platform for intraday traders. ICICI Direct also offers margin trading and provides higher leverage for intraday trading. With its competitive brokerage fees and excellent customer support, ICICI Direct is an excellent choice for intraday traders.
- Sharekhan Demat Account:
Sharekhan is a well-known brokerage firm that offers a range of trading services, including intraday trading. Its trading platform, Sharekhan TradeTiger, provides real-time market data, advanced charting tools, and technical analysis, making it an ideal platform for intraday traders. Sharekhan also offers margin trading and provides higher leverage for intraday trading. With its competitive brokerage fees and excellent customer support, Sharekhan is an excellent choice for intraday traders.
Factors to be considered while choosing Best Demat Account for Intraday Trading
When choosing a Demat account for intraday trading, there are several factors to consider. Here are some of the most important factors to keep in mind:
- Trading platform: The trading platform is a critical factor in intraday trading. It should be fast, user-friendly, and provide real-time market data. The platform should also offer advanced charting tools, technical analysis, and real-time news updates.
- Brokerage fees: Brokerage fees are the charges that a broker levies on each trade. Look for a broker that offers competitive brokerage fees, which can help you save a significant amount of money in the long run.
- Margin trading: Margin trading is the practice of buying stocks with borrowed money. Look for a broker that offers margin trading and provides higher leverage for intraday trading.
- Customer support: Choose a broker that provides excellent customer support, including phone, email, and chat support. They should also have a dedicated customer support team to resolve any issues that you may encounter while trading.
- Trading tools and resources: Look for a broker that provides trading tools and resources such as market research reports, educational content, and trading calculators. These resources can help you make informed trading decisions.
- Security: The broker should have robust security measures in place to protect your account and trading activities from fraud and cyber-attacks.
In conclusion, choosing the best Demat account for intraday trading involves evaluating multiple factors such as the trading platform, brokerage fees, margin trading, customer support, trading tools and resources, and security. It’s important to research multiple options and compare them based on these factors before making a final decision.
Which Demat and trading account is best for intraday trading?
Zerodha, Upstox, Angel Broking, ICICI Direct, and Sharekhan are some of the best demat and trading accounts for intraday trading in India. However, the best one for you depends on your specific requirements and preferences, so it is advisable to research multiple options and consider factors such as trading platforms, brokerage fees, margin trading, and customer support before making a final decision.
Conclusion:
Choosing the best Demat account for intraday trading is essential for a successful trading experience. It is important to consider factors such as trading platforms, brokerage fees, margin trading, and customer support when choosing a demat account for intraday trading. The five demat accounts discussed above are some of the best options for intraday traders in India, offering reliable trading platforms, low brokerage fees, and excellent customer support. However, always do your due diligence and research multiple options before making a decision.
