Best Trading & Demat account Bank/Brokerage firm that can be opened online

177°
Deal Lieutenant
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Hi everyone,

Will really appreciate your inputs on this.

Actually I had applied for a Trading & Demat account with HDFC Securities, but due to lockdown my application isn’t getting processed.

Considering the current scenario, I thought of investing in Stocks as a long term investment option but unable to do so.

I am a beginner and therefore request all those who are already a Pro in this field to advise me.

1. Where can I open an online Trading and Demat Account during this period of lockdown?

2. Which is the best and most reliable brokerage firm where u suggest I should open the account

3. Least in terms of brokerage charges

4. Publishes good researches on investment options


Thanks in advance

23 Comments  |  
17 Dimers
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Bro you can easily open your account online through zerodha.. But yes due to lockdown they will take little bit more time. And every process in it is through WhatsApp and email. So it is very easy.

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sarkarr.richie007894 wrote:

Try zerodha or upstox

Upstox have server issue these days..if u are looking for intraday trading avoid upstox.

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yes do avoid upstox. Too many issues with server

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shankeyravi5385 wrote:

Bro you can easily open your account online through zerodha.. But yes due to lockdown they will take little bit more time. And every process in it is through WhatsApp and email. So it is very easy.

Thanks, I was reading that to complete the account opening process with Zerodha, I need to send the physical form of Power of attorney to them by courier, is that true? If so, in the current scenario will not be possible, any other alternative that you can suggest

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No need to send that POA form physically, you can always digitally sign that form. If you have mobile number attached to your aadhar.(atleast in case of upstox there’s this facility , i’m not sure about zerodha)

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And yes avoid upstox their platform is highly unstable. I personally use it.

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finvasia – 0 brokerage but no leverage

fyers – 20rs per order – same as zerodha and upstox

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Expand
moh.soh wrote:

Thanks, I was reading that to complete the account opening process with Zerodha, I need to send the physical form of Power of attorney to them by courier, is that true? If so, in the current scenario will not be possible, any other alternative that you can suggest

Ohh yes, they are demanding. I think you have to send an email to them

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I am using zerodha & tradeeasy. Both are good. Tradeeasy is easy to open online

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Zerodha

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1.Where can I open an online Trading and Demat Account during this period of lockdown?
Almost all brokers are letting you open an account amidst Covid-19,however better to confirm once.

2. Which is the best and most reliable brokerage firm where u suggest I should open the account?
I would say Finvasia. Using them since a good time, trustworthy,reliable and great overall.

3. Least in terms of brokerage charges?
Finvasia charges 0 brokerage in all segments. Thats the least I know.

4. Publishes good researches on investment options
Well its a commission free broker, so it does’nt provides such services.

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Zerodha is good, but my honest suggestion, don’t open demat / trading account with Upstox.😡
Upstox is shit. Last week Upstox walo ne mera ₹8700 chuna laga diya. Order execute nahi hua. Bahut bar try kiya but they are real shit. Most of the time you will not able to connect their customer support during the market hours. 😡😡
And their website and iOS application are also pathetic in terms of user friendliness. Don’t know about their android application.😡

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semcularbaaz_kitepetals wrote:

Zerodha is good, but my honest suggestion, don’t open demat / trading account with Upstox.😡
Upstox is shit. Last week Upstox walo ne mera ₹8700 chuna laga diya. Order execute nahi hua. Bahut bar try kiya but they are real shit. Most of the time you will not able to connect their customer support during the market hours. 😡😡
And their website and iOS application are also pathetic in terms of user friendliness. Don’t know about their android application.😡

I heard about their issues and did not know that it has been going on for more than a week. Zerodha is good and even Finvasia is also good.

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Any one using Finvasia ?
Need review.

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PshycoKiLLeR wrote:

Any one using Finvasia ?
Need review.

Any Downtime during Market Hours ?

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PshycoKiLLeR wrote:

Any one using Finvasia ?
Need review.

This is my 10th month with Finvasia and personally my experience has been quite good. Even during these days, when the market conditions are too volatile, their platform is working fine; no major issue.

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.

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PshycoKiLLeR wrote:

Any Downtime during Market Hours ?

If you are an active trader then use NEST with finvasia it is relatively stable.

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which discount broker provides margin for trading…i guess zerodha doesn’t provide any margin.

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Unknown wrote:

which discount broker provides margin for trading…i guess zerodha doesn’t provide any margin.

Angel broking. 🙂

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What about geojit??

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PshycoKiLLeR wrote:

Any one using Finvasia ?
Need review.

+1.

Missing