Top Demat Account Providers in India
Zerodha
Most popular discount broker. ₹0 equity delivery brokerage. ₹20 per order for F&O and intraday. Excellent technology.
Upstox
Competitive pricing, good mobile app. ₹20 per order flat. Good API access.
Angel One
Free demat account. SmartAPI access included. Suitable for beginners.
Groww
Very beginner-friendly. Good for mutual funds and equity investing.
HDFC Securities / ICICI Direct
Full-service brokers with higher fees but comprehensive advisory services.
What to Compare When Choosing
- Annual maintenance charges (AMC) — some are free
- Brokerage structure — flat fee vs percentage
- API access for algo trading
- Mobile app quality and reliability
- Customer support quality
- Research and analysis tools provided
Which is Best for Algo Trading?
Zerodha and Upstox have the best API ecosystems for algo trading. AlgoDesk (in Simpli Trade Gold plan) supports both, plus Angel One, Shoonya, and others.