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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

CH

Charles Schwab

Beginner Friendly • charles-schwab
4.8 / 5.0
SEC/FINRA MEMBER
Account Opening
✓ Free $0
Annual AMC
✓ Zero AMC
Equity Delivery
✓ Free $0
Intraday / F&O
Flat $0.00
check_circle AUDITED MERITS
  • $0 commission on US listed equities and ETFs
  • thinkorswim professional charting platform
  • Extensive branch network and 24/7 customer support
cancel FORENSIC DEMERITS
  • $0.65 per options contract
  • High uninvested cash sweep yields require manual cash transfer
Open Charles Schwab Account arrow_outward
FI

Fidelity Investments

Beginner Friendly • fidelity
4.8 / 5.0
SEC/FINRA MEMBER
Account Opening
✓ Free $0
Annual AMC
✓ Zero AMC
Equity Delivery
✓ Free $0
Intraday / F&O
Flat $0.00
check_circle AUDITED MERITS
  • Automatic high-yield cash sweep on uninvested balances
  • Zero-expense-ratio index funds available
  • Fractional share trading down to $1
cancel FORENSIC DEMERITS
  • Active Trader Pro software is resource-intensive on older PCs
  • $0.65 per options contract
Open Fidelity Investments Account arrow_outward
IN

Interactive Brokers

interactive-brokers
4.9 / 5.0
SEC/FINRA MEMBER
Account Opening
✓ Free $0
Annual AMC
✓ Zero AMC
Equity Delivery
0.0050%
Intraday / F&O
Flat $1.00
check_circle AUDITED MERITS
  • Direct market access to 150+ global exchanges across 33 countries
  • Lowest margin loan interest rates in the industry
  • Robust API for programmatic and algorithmic execution
cancel FORENSIC DEMERITS
  • Trader Workstation (TWS) has a steep learning curve for beginners
  • Tiered pricing can be complex to calculate upfront
Open Interactive Brokers Account arrow_outward
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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.