A demat account is a short form for “Dematerialised Account”. The dematerialized account is used to store equities and other financial instruments purchased from secondary financial markets like NSE and BSE. The electronic demat account has helped investors cut cost and eliminated manual processes like signing & storing physical share documents.
Because of advantages to end consumer and improved tracking of the stock market transaction – SEBI(Security & Exchange Board of India) has made the demat account a requirement for investing or trading stocks in India.
Free Demat Account
Fees associated with Demat accounts are generally of three types:
- Account Opening Fees.
- Annual Maintainance Fees.(AMC)
- Brokerage Charges
Angel Broking is currently offering free lifetime Demat account to its new customers. Via this Free Demat account – Angel waives off both account opening fees and AMC(until you keep the account open). Angel broking also offers the most competitive brokerages among the full-service broker category.
Other advantages of opening account with Angel Broking:
ARQ is intelligent and predictive investment engine for retail investors designed by technology and market experts at Angel Broking. Angel ARQ offers personalized investment advice to individuals based on their financial profiles/risk appetite(and other factors) using Algorithms, Quant and Noble price Winning Modern Portfolio theory.
Angel DKYC is another technological innovation by Angel Broking by which a new customer can start trading in the stock market within an hour of placing account opening request with Angel Broking. The DKYC (or Digitial Know Your Customer) uses digital signature via bio-metric devices for instantaneous customer verification and account opening across India by Angel’s team.
Flat 20% off on Brokerage
Angel Broking is offering an additional 20% discount on all online trades for new customers. This is also an initiative to move customers towards online broking and trying to promote digital transactions for stock broking.
Angel Expert Stock Recommendation
Along with completely automated algorithmic recommendations offered by ARQ – Angel also offers research-based trading advice by Angel In-House stock market experts.
Angel offers best in the class trading platform for desktop, browser-based and mobile based trading. Because Angel broking has been providing broking services for over 20 years to Indian customers – they have a good understanding of requirements of Indian traders and hence all modes of trading designed as per them.
With lifetime free brokerage account and other offers, we recommend that you consider opening your trading account with Angel Broker.