First Demat is a full servicebroker. It offers trading and investment services across equity, derivatives, commodities, IPOs, mutual funds and other financial products. With competitive brokerage plans, a digital trading platform, advanced charting tools and features such as API trading, First Demat caters to both beginners and experienced traders. Explore this comprehensive First Demat review to learn about its brokerage charges, account opening fees, trading platforms, investment options, customer support and key features.
First Demat – Services Rating and Overview
First Demat offers a range of trading and investment services through its digital platforms. The following table provides an overview of the broker, its key services and supported exchanges.
| Services Rating | First Demat |
|---|---|
| Overall Rating | 5/5 |
| Brokerage Charges | 20Rs. Per executed order |
| Trading Platform | Web, Mobile, Algo |
| Investments Offering | Equity, MF, IPO, F&O, Commodity |
| Customer Service | India |
| Broker Type | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX |
| Active Clients | 500 |
| Broker Overview | AS Bullishify Pvt. Ltd. (First Demat) |
Account Opening Charges and AMC
First Demat offers online account opening with zero Annual Maintenance Charges (AMC) for the 1st year. Customers can choose from different brokerage packs based on their trading needs and preferences, making it easier to select a plan that suits their investment and trading requirements.
| Charges | First Demat |
|---|---|
| Trading Account Opening | ₹ 0 |
| Trading AMC | ₹ 0 |
| Demat Account Opening | ₹ 0 |
| Demat AMC | ₹ 0 for the 1st year |
| Different Brokerage Packs | Available |
| DP Services | Yes |
Brokerage Plans
First Demat offers multiple brokerage packs designed to suit different trading styles and investment needs. Customers can choose a suitable pack based on their trading frequency, preferred market segments and brokerage requirements. These plans provide flexibility for beginners, long-term investors and active traders.
| Plan Types | First Demat |
|---|---|
| Multiple Brokerage Packs | Yes |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat offers multiple brokerage packs to suit different trading needs, with brokerage charges starting as low as 0.1% or ₹20 per executed order whichever is lower. Customers can choose a suitable pack based on their preferred trading segments and frequency. The available plans provide flexibility for investors and traders looking for a cost-effective trading experience across various market segments.
| Brokerage Charges | First Demat |
|---|---|
| Plan Name | Multiple Brokerage Packs |
| Starting Brokerage | 0.1% or ₹20 per executed order whichever is lower |
| Equity Delivery | 0.1% or ₹20 per executed order whichever is lower |
| Equity Intraday | 0.1% or ₹20 per executed order whichever is lower |
| Equity Futures | Starting ₹20 per order |
| Equity Options | Starting ₹20 per order |
| Currency Futures | – |
| Currency Options | – |
| Commodity Futures | Starting ₹20 per order |
| Commodity Options | Starting ₹20 per order |
| Hidden Charges | No |
| Call & Trade Charges | ₹50+GST per executed order |
| Auto Square-off Charges | ₹50+GST per order |
| Brokerage Calculator |
Transactions Charges
First Demat levies transaction charges on trades executed across applicable market segments and exchanges. These charges vary based on the exchange, trading segment and applicable tariff. In addition to brokerage, traders should consider transaction charges and other statutory levies when calculating their overall trading costs.
| Transactions Charges | First Demat |
|---|---|
| Equity Delivery | NSE: 0.00307% BSE: 0.00375% |
| Equity Intraday | NSE: 0.00307% BSE: 0.00375% |
| Equity Futures | NSE: 0.00183% BSE: 0 |
| Equity Options | NSE: 0.03553% (on premium) BSE: 0.0325% (on premium) |
| Currency Futures | – |
| Currency Options | – |
| Commodity |
Account Features
First Demat offers a range of account features designed to support traders and investors across different experience levels. Its trading ecosystem includes advanced charting tools, technical indicators, multiple market watchlists, quick order placement, API trading capabilities and convenient fund transfers. Users can also access portfolio holdings, profit and loss reports, and other account-related information through its digital platforms.
| Compare Account Features | First Demat |
|---|---|
| 3-in-1 Account | No |
| Charting | Yes |
| Algo Trading | Yes |
| SMS Alerts | Yes |
| Online Demo | No |
| Online Portfolio | No |
| Margin Trading Funding Available | No |
| Combined Ledger for Equity and Commodity | Yes |
| Intraday Square-off Time | 3.05 pm |
| NRI Trading | No |
Trading Platforms
First Demat provides digital trading platforms that enable users to access the stock market and manage their investments conveniently. The platforms offer features such as quick order placement, multiple market watchlists, advanced charting tools, technical indicators and real-time market updates. Traders can access their accounts through web and mobile platforms, subject to supported devices and operating systems.
| Trading Platforms | First Demat |
|---|---|
| Web Trading Platform | Yes |
| Web Trading Details | https://trade.firstdemat.com/#!/ |
| Mobile Trading | Yes |
| Mobile Trading App | Yes |
| Android Mobile App | Yes |
| Android App Download | https://play.google.com/store/apps/details?id=com.firstdemat.trade |
| iPhone Mobile App (iOS) | Yes |
| iOS App Download | https://apps.apple.com/in/app/first-demat-stock-trading-app/id6772088334 |
| Android Tablet App | Yes |
| iPad App (iOS) | Yes |
Broker Ratings
First Demat offers a range of trading and investment services, supported by digital trading platforms and multiple brokerage packs. Its overall evaluation can be based on factors such as brokerage charges, platform usability, investment options, customer support and account-related services. These ratings help investors compare First Demat with other stockbrokers and assess its suitability for their trading needs.
| Broker Ratings | First Demat |
|---|---|
| Fees Ratings | |
| Trading Brokerage Rating | |
| Trading Platform Usability | |
| Customer Service Ratings | |
| Overall Ratings |
Investment Offerings
First Demat provides access to a range of trading and investment opportunities through its digital platforms. Investors can explore equity investments, futures and options, commodity trading, IPO applications, mutual funds, ETFs, and other available products. This range of offerings enables customers to access different market segments and manage their investment portfolios through a single platform.
| Investment Offerings | First Demat |
|---|---|
| Equity Cash and F&O | Yes |
| Currency Derivatives | – |
| Commodity | Yes |
| Online IPO Application | Yes |
| Mutual Funds | Yes |
| Bonds / NCDs | No |
| ETFs | Yes |
| Banking | No |
| Insurance | No |
| Forex | No |
| MF SIP Investment | Yes |
| Equity SIP Investment | Yes |
| PMS Services | No |
| Other Investment Options | Yes |
Customer Support Offered
First Demat provides customer support to assist users with account opening, trading platforms, brokerage-related queries and other account services. Customers can access support through available communication channels and use online resources to understand its products and services. The support options help users resolve queries and navigate their trading and investment experience.
| Customer Support | First Demat |
|---|---|
| 24/7 Customer Service | No |
| Email Support | Yes |
| Online Live Chat | No |
| Phone Support | Yes |
| Toll-Free Number | |
| Branch Support | Yes |
| Customer Care Number | 9240256358 |
| Account Opening Process | Online/Paperless |
| Customer Support Email | [email protected] |
| Knowledge Centre / Education | https://firstdemat.com/blog |
| Head Office Address | 501, 5th Floor, Shamriddhi Square, Kishoreganj chowk, Harmu, Ranchi, Jharkhand – 834001 |
| Website | https://firstdemat.com/ |
Research and Reports
First Demat provides market-related information and trading tools to help customers stay informed about market movements and investment opportunities. Traders can use available market updates, analytical tools and educational resources to support their research and make informed trading decisions. The availability of specific research reports and recommendations may vary by product and service.
| Research and Reports | First Demat |
|---|---|
| Mutual Fund Research | Yes |
| Equity Research Reports | Yes |
| ETF Research | Yes |
| Daily Market Reports | Yes |
| Free Trading Tips | Yes |
| Quarterly Results Analysis | Yes |
| Market News and Alerts | Yes |
Demat Account Charges
First Demat provides Demat account services that allow investors to hold securities electronically and manage their investments conveniently. Customers can access services related to securities transactions and other depository operations. First Demat offers zero Annual Maintenance Charges (AMC) for 1st year. Applicable transaction and other depository charges should be checked according to the latest tariff.
| Demat Charges | First Demat |
|---|---|
| DP Source | NSDL |
| DP ID | IN303921 |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 0 for the 1st year |
| Advance Deposit | No |
| DP Charges for Debit (Per ISIN) | ₹20 + GST |
| Dematerialized Charges | ₹20 Per DRF + ₹3 Per certificate |
| Rematerialized Charges | ₹20 per every 100 securities or part thereof, subject to a maximum fee of ₹5,000, or a flat ₹20 per certificate, whichever is higher |
| Margin Pledge/Unpledged for collateral | ₹25 + GST per transaction |
| Margin Pledged | ₹3+ GST per transaction |
| Pledge Creation Confirmation | – |
| Failed Instruction Charges | ₹20 Per Intimation per instruction |
| Other Charges | – |
Advantages and Disadvantages of First Demat
First Demat offers multiple brokerage packs, competitive pricing and digital trading tools for investors and traders. Before opening an account, it is important to evaluate its key advantages alongside factors such as applicable charges, platform features and available research services to determine whether the broker meets your requirements.
| Broker | Pros | Cons |
|---|---|---|
| First Demat | Low brokerage starting at ₹20 per order | Brokerage varies by selected pack |
| Zero Demat AMC for 1st year | Other statutory and transaction charges apply | |
| Multiple brokerage packs | Users need to compare packs to select the right option | |
| Digital trading platforms | ||
| Advanced charting tools and technical indicators | ||
| Multiple investment and trading options | ||
| Online account opening |
User Experience with First Demat
- Account Opening Experience: First Demat offers an online account opening process, allowing customers to get started with trading and investing digitally.
- Brokerage and Cost Transparency: With brokerage starting at ₹20 per order and multiple brokerage packs, customers can choose a plan based on their trading requirements. Applicable statutory charges and other fees should also be considered when calculating total trading costs.
- Trading Platform Experience: First Demat provides digital trading platforms with features such as quick order placement, market watchlists, charting tools and technical indicators to support trading activities.
- Account Features: Customers can access portfolio information, trading tools and account-related reports through the available digital platforms.
- Investment Options: First Demat offers access to multiple market segments and investment products, helping customers explore different trading and investment opportunities.
- Customer Support Experience: Customers can use the available support channels for assistance with account-related queries, trading services and platform navigation.
- Overall Verdict: First Demat is worth considering for investors and traders looking for multiple brokerage packs, brokerage starting at ₹20 per order and digital trading facilities. Comparing the applicable charges, platform features and available services can help customers decide whether it suits their requirements.
FAQs about First Demat
Is First Demat safe and reliable for trading and investing?
First Demat offers trading and investment services through its digital platforms. Investors should review the applicable regulatory disclosures, charges and product details before investing.
What are the brokerage charges at First Demat?
First Demat offers multiple brokerage packs, with brokerage charges starting as low as 0.1% or ₹20 per executed order whichever is lower. The applicable charges depend on the selected pack and trading segment.
What trading platforms does First Demat offer?
First Demat provides web and mobile trading platforms with features such as market watchlists, charting tools, technical indicators and order placement facilities.
How can I open a First Demat account?
You can visit the https://firstdemat.com/ and follow the online account opening process. Keep your required KYC documents and other details ready to complete the application.
Does First Demat charge an Annual Maintenance Charge (AMC)?
First Demat offers a Demat account with zero AMC for the 1st year. Other transaction and statutory charges may apply.
Can I invest in mutual funds through First Demat?
Yes, First Demat provides access to mutual fund investments. Check its official platform for the available schemes and investment options.
Can I apply for IPOs through First Demat?
Yes, eligible customers can apply for IPOs through the available IPO application facility, subject to the applicable eligibility and application requirements.
What investment options are available with First Demat?
First Demat offers access to various products, including equities, futures and options, commodities, IPOs, mutual funds and other available investment options.
Does First Demat offer different brokerage plans?
Yes, First Demat offers multiple brokerage packs, allowing customers to select a plan based on their trading needs and applicable charges.
How can I contact First Demat customer support?
Customers can visit the official First Demat website to find the latest customer support contact details and available assistance channels.
