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SEBI REGISTERED ENTITIES ONLY LAST AUDITED: Q3 FY25
SECTION 8.0 DEMAT COMPARISON DESK

Unbiased Broker Comparison & Demat Desk

Exhaustive forensic analysis of statutory fee schedules, clearing charges, regulatory friction, and platform uptime metrics across India's premier retail discount and full-service brokerages.

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DYNAMIC INTERACTIVE ENGINE

Head-to-Head Broker Duel

Select 2 brokers for side-by-side ledger audit
Statutory Tariff Metric Broker A: Zerodha Broker B: Angel One
Account Opening Fee ₹200 (Online Trading/Demat) ✓ FREE ₹0
Annual Maintenance (AMC) ₹300 + 18% GST / Year ₹0 1st Yr, then ₹20/mo + GST
Equity Delivery Brokerage ✓ Zero (₹0) ✓ Zero (₹0)
Intraday / F&O Trades ⚠️ Flat ₹20 or 0.03% / order ⚠️ Flat ₹20 or 0.25% / order
Call & Trade Penalty ₹50 + 18% GST per executed order ₹20 + 18% GST per executed order
MTF Interest Rate (Margin Trade) 13.5% p.a. (~0.037% daily) 14.9% p.a. (~0.041% daily)
DP Transaction Charge (Debit) ₹13.50 + ₹5.5 CDSL + GST ₹20.00 + CDSL charges + GST
Trading API Charges ₹2,000 / month (Kite Connect) ✓ FREE (SmartAPI Ecosystem)
verified_user Tariffs derived directly from SEBI circular filings & Schedule VI disclosures.
REVISION: JAN 2025
EXHAUSTIVE DOSSIERS

Audited Broker Profiles

ZE

Zerodha

Beginner Friendly • zerodha
4.8 / 5.0
SEBI REGISTERED
Account Opening
₹200.00
Annual AMC
₹300.00/yr
Equity Delivery
✓ Free ₹0
Intraday / F&O
Flat ₹20.00
check_circle AUDITED MERITS
  • Zero delivery brokerage on equity investments
  • Kite platform with ultra-low latency & clean UI
  • Comprehensive ecosystem (Console, Coin, Varsity)
cancel FORENSIC DEMERITS
  • ₹200 account opening fee
  • No dedicated relationship manager or advisory calls
Open Zerodha Account arrow_outward
AN

Angel One

angel-one
4.6 / 5.0
SEBI REGISTERED
Account Opening
✓ Free ₹0
Annual AMC
✓ Zero AMC
Equity Delivery
✓ Free ₹0
Intraday / F&O
Flat ₹20.00
check_circle AUDITED MERITS
  • Zero account opening and 1st year free AMC
  • Flat ₹20/order across F&O segments
  • Comprehensive research reports & algorithmic API support
cancel FORENSIC DEMERITS
  • App occasionally experiences load during major expiry days
  • Standard ₹23.60 call-and-trade fee
Open Angel One Account arrow_outward
GR

Groww

Beginner Friendly • groww
4.7 / 5.0
SEBI REGISTERED
Account Opening
✓ Free ₹0
Annual AMC
✓ Zero AMC
Equity Delivery
0.0500%
Intraday / F&O
Flat ₹20.00
check_circle AUDITED MERITS
  • 100% paperless onboarding in under 5 minutes
  • Zero AMC for lifetime
  • Seamless mutual fund and stock investing in one place
cancel FORENSIC DEMERITS
  • Charges ₹20 or 0.05% on equity delivery
  • No advanced charting features for sophisticated option traders
Open Groww Account arrow_outward
UP

Upstox

upstox
4.5 / 5.0
SEBI REGISTERED
Account Opening
✓ Free ₹0
Annual AMC
₹150.00/yr
Equity Delivery
0.0000%
Intraday / F&O
Flat ₹20.00
check_circle AUDITED MERITS
  • Direct TradingView chart integration with order execution
  • Dedicated Option Strategy builder
  • Zero account opening fee
cancel FORENSIC DEMERITS
  • Higher DP charges (₹18.50 + GST)
  • Platform has dual Pro and Standard modes that can confuse novices
Open Upstox Account arrow_outward
policy
STATUTORY AUDIT & REGULATORY NOTICE (SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2023/123)

All broker tariffs, DP transaction fees, clearing charges, and MTF lending rates documented on this portal are audited directly from SEBI Schedule VI tariff circulars, NSE Investor Protection disclosures, and CDSL/NSDL depository schedules. StockUnboxed maintains strict editorial neutrality. We do not participate in predatory commission splits or kickback tiers. Always review the complete tariff sheet on your broker's Master Circular before executing high-frequency or algorithmic orders.