A Demat and trading account is a necessary part of your trading journey, one that enables you to buy and sell shares, bonds, ETFs, etc. securely and easily. However, it is very important to know which DPs and Demat account apps to use when you are trading. To help you better zero in on a DP, here is a list of the top Demat apps in the market. 

Top 5 Demat Account Apps 

Here is a look at the top 5 Demat account apps in the market as of now:

• Bajaj Broking:

The Bajaj Broking Demat trading account provides seamless and secure handling of all your securities. With the help of the Bajaj Broking App, it becomes even easier and you can trade on the go with the utmost ease.  Invest in everything from shares and bonds to F&O, MTF and more. 

The Bajaj Broking Mobile Trading App has a star rating of 4.8, over 8 Lakh users, and provides users with low brokerage charges among other advantages. Some of the pros of the app are listed below:

1. Provides daily stock recommendations
2. Access to analysis advanced charting tools and research reports
3. Has a one-stop bond investment platform
4. Provides a fast application process for IPOs and NCDs
5. Customers can customize their app alerts
6. Provides easy access to company reports
7. Has no account opening charges 
8. Does not have an account maintenance charge for the first year and second year onward will depend on the subscription pack,

• Zerodha

There are different Zerodha apps for different purposes. For example, their learning app called Zerodha Varsity helps users trade and do their research. Other than this, their Coin app helps users trade mutual funds directly.

Some of the pros and cons of the app are listed below:

Pros:

1. Charges zero brokerage for equity delivery trades
2. Comes with low brokerage charges for other trading segments
3. Mutual funds can directly be invested in through Coin

Cons:

• High account opening at ₹500
• High Annual Maintenance Charges at ₹300 plus 18% GST
• You can only trade in the Indian market with this app

• Angel Broking:

With the help of their SUPER app, users can start investing and trading in a variety of securities like equities, mutual funds and more. The app boasts cutting-edge tech and super fast trading experience.

Some of the pros of the app are listed below:

1. Easy-to-navigate app
2. Covers Indian and the US stocks
3. Users can invest in IPOs, mutual funds, commodities, F&Os, etc with this app 
4. Has more than 1.5 crore Indian apps

• Groww:

Users can easily download Groww’s app free of charge from the app store of their choice. There are no hidden fees when you open an account with them. 

Some of the pros and cons of the app are listed below:

Pros:

1. Zero maintenance charges. 
2. No hidden fees.  
3. No transaction costs. 
4. Only charges brokerage and taxes for stocks. 
5. Charges a flat fee for stock trades.

Cons:

1. Cannot trade in commodities or currency
2. Does not provide any research reports or market analysis when trading in stocks.

• Upstox:

Upstox provides its users with a 3-in-1 account, i.e. a Demat, savings and trading account. You can use the Upstox app to trade from anywhere in the world. NRIs and HUDs can open an account with Upstox. 

Below are some of the pros and cons of the app

Pros:

1. Does not charge any account opening fees. 
2. Its Annual Maintenance Charge stands at ₹177
3. Zero asset management charges
4. Allows trading from any location in the world

Cons:

1. Though NRIs and Hindu Undivided Families (HUFs) can open an account with them, it cannot be done through the app
2. If traders fail to square off intraday orders, additional charges are applied

Conclusion

Having a demat and trading account to step foot into the trading market is important and having an app that can help you open one is extremely convenient. The top 5 listed above make up the best Demat apps users can use to begin their trading journey with ease. However, it is important to consider all aspects before zeroing in on one.