Best Stock brokers offering 3-in-1 trading and demat account
If you are a new investor and want to invest in stock market, you need to open trading and demat account with any of the stock broker in India. Trading and demat account is required to buy and sell stocks of the companies. However, if you are a new investor or existing investor, you may open 3-in-1 account which would be very useful to trade easily in the stock market. Who is the best stock broker offer 3-in-1 trading and demat account for stock market investment? Is there any comprehensive list of stock brokers indicating what are the account opening charges, AMC charges, transaction charges etc.?
What is 3-in-1 Account?
If you want to trade in stock market, you need to have a trading and demat accounts to buy and sell stocks. There are various stock brokers offering trading and demat account. However, everyone does not offer all services. Also, some of the stock brokers do not have their own banks in their group. Here comes 3-in-1 account. This account is nothing but but a combination of trading account, demat account and a bank account.
Also Read: Do you know that share trading tips may not always work?
Advantages of 3-in-1 trading and demat account
There are several advantages of 3-in-1 trading and demat account. Major ones are indicated below:
- 3-in-1 account is easy to operate. You could be a new investor or an existing investor, it can be operated easily and it is stress free. You can transfer funds from your bank account to your trading account with a click of a button and vice versa.
- Majority of the stock brokers offering 3-in-1 account provide services like stock trading, currency trading, bonds/NCD, Fixed Deposits, Debt instruments etc. Means all these are offered in one single account. You need to not open separate accounts for each of them, but all are available under one roof.
- Various research articles available for each and every investment section which helps you to take decision about such investment options.
Negatives of 3-in-1 trading and demat account
- Some of the 3-in-1 accounts offering stock brokers ask investors to open S.B account where a minimum balance needs to be maintained (e.g. ₹ 5,000).
- Stock brokers offering 3-in-1 account charge high brokerage for stock market transactions. It comes around 0.50% of transaction charges unless you are regular trader and trade in huge volume where you would get discounts.
- They charge account opening fees, whereas non-3-in-1 stock brokers are waving off such charges.
Best Stock brokers offering 3-in-1 trading and demat account
Now, coming to the main point, here is the list of stockbrokers who are offering such 3-in-1 trading and demat account. Let us see some of the highlights of the list.
Account opening charges: All stock brokers offering 3-in-1 account charge account opening fees of ₹ 500 to ₹ 999. Lowest charged is Standard Chartered, Kotak Securities and IDBI Paisa Builder.
AMC Charges: 3-in-1 stock brokers charge AMC charges (which needs to be paid every year) in between ₹ 350 to ₹ 750. IDBI Paisa builder, SBI Securities and ICICI Direct charge lowest AMC charges compared to others.
Equity Brokerage charges: Share brokerage charges are between 0.49% to 0.55% of equity (delivery) transactions. Lowest offered is Kotak Securities (though the variance is small).
Intraday investors: If you are an investor who generally trade more in Intraday, you should avoid ICICIDirect.com. You can pick up Standard Chartered or Kotak Securities as they charge 0.05% of the transaction value as brokerage charges.
Equity futures investors: If you are an investor who generally trade more in futures, you should avoid IDBIPaisa Builder. You can pick up any other stock broker.
Equity Options traders: If you trade more in equity options, you should consider ICICIdirect as they offer ₹ 65 to ₹ 95 as a transaction charge whereas other charge ₹ 100 per transaction.
Also Read: Points to be considered while investing in penny stocks in India
Should you consider stock broker offering lowest minimum brokerage?
If you are small investor and invest less than ₹ 6,000 in a transaction, then considering minimum brokerage makes sense. E.g. ICICI Direct charges ₹ 0.55% as charges. Means if you trade ₹ 5,000, means they are supposed to charge ₹ 27.5. However, minimum charges are ₹ 35, means you would be loosing ₹ 7.5 per trade. In such case going for SBI or Kotak Securities would be a good idea.
In coming weeks, I would also provide a list of stockbrokers who would be offering trading and demat account (non 3-in-1 account) along with their charges.
If you like this article, please share this on your Facebook or Twitter. This would be a special gift which you would be giving to our blog.
Suresh
Best Stock brokers offering 3-in-1 trading and demat account
- 10 Worst Performing Mutual Funds in the Last 3 Years (-3% to +3%) - February 8, 2025
- Types of Mutual Funds Explained – Equity, Debt, Hybrid & More - February 8, 2025
- Hexaware Technologies IPO – GMP, Financials, Expert Analysis and Review - February 7, 2025
Discover more from Myinvestmentideas.com
Subscribe to get the latest posts sent to your email.
Hi Suresh,
Thanks for the article.I am very new to stock market.I want to do intraday trading. But scared of brokerage concept. Which will be the best 3 in 1 account with due respect to minimum brokerage?
Hi Dear I want to open 3 in 1 Account can you tell me which is good in service as I have some movement issues So I need good in Service
3-in-1 accounts are not at all beneficial sir. I used to trade with ICICI before and got busted mainly because of their high brokerage. You should try some good broker like FYERS (www.fyers.in). Recently I tried their trading software and it is far better than amibroker according to me. ITs free also..brokerage very cheap at Rs 100 max.
Hi suresh,
I am regularly read your article. ..thanks for your blog…I am planning to invest 5 to 10lks on tata balanced fund or hdfc balanced fund…the amount I need after 5 years….my decision is right ot any other better option? I appreciate your assistance. …
Don’t invest lumpsum in mutual funds. Put them througth SIP or staggered manner for 6 to 9 months atleast. You can invest in these 2 funds
A 3-in-1 platform may not be that beneficial as the brokerage charges are too high. These days brokerage charges are becoming flat rate. Try trading with brokers like Fyers, Zerodha or RKSV depending on what are looking for.
Hi Suresh, I want to trade in ETFs. Do I need to open a demat account and can you tell me what are the advantages & disadvantages and also which is the best brokerage house to start with ?? Thanks
Hi Vijay, You can invest in ETF’s like any other stock where you need to have demat and trading account. Stock is specific to company. However an ETF could be specific to sector like Bankex ETF or SENSEX ETF which is specific to 30 stocks where SENSEX is computed.
Hi Suresh,
I am looking to open a demat account mainly to do Nifty options trading (Index and futures). I have a savings account in CITI Bank already. Can you please tell me whether it is advisable to hold the demat account from Citi Bank itself (considering trading and brokerage charges)?
Want to RKSV account. But they are maintaining DEMAT account. Can I open DEMAT account with other brokerage and provide the same to RKSV. If I do like this, is it easy for me in future or difficult ?
You can open this way Bharath. Such brokerage offer low brokerage charges. If you are frequent trader, you should consider low brokerage charged demat account. There would not be any difficultly. However features of such trading account may differ. You can check and take call
Suresh,
Appreciate your post. BTW Can you suggest which Broker is good to open demat a/c if I would like to invest up to Rs.10000 per month on Mutual Funds.
Jagan, many brokers are there. I invest thru ICICI direct.com as I want all my investments at one place.
Hi Suresh sir,
Thanks for the information about 3 in 1 account. I am new to stock market.
I have a/c with ICICI bank and want to open 3 in 1 account with icici direct. I will have a plan to invest around 10000 per annum in stock market.
Should I go with ICICI direct ? Your comment and feedback is needed.
Thanks
It depends. If you want to invest in stocks, mutual funds, IPO’s, NPS etc., all such features are there in icicidirect. Hence I prefer ICICIDirect. However transaction charges are high. You can review them before considering it
Thanks sir for your information.
One more thing I want to ask you.
Services of HDFC securities, ICICIDirect, SBI securities etc.. are the same or not? Smoothing of trading is different or is not affect at all.
Thanks
Nilesh
Suresh, please write a review for non 3-in-1 brokers also with price comparsison just like you did this time. Do include Zerodha this time, i don’t know why there is so much hype about them.
Sure Navi
Hello suresh,
Im very new to share trading.. Ofcourse now im n search of how to open demat acc.. Your articles are very useful for me. happy abt ur effort.. In d above table u hv given diffrent account types wats d diff between those pls clarify and also pls tel abt d role of trading members (brokers nd sub brokers).. Is it necessary to hv an agreement wit brokers to do trading? If suppose I hv open demat nd trading acc in sharekhan.. After opening acc wat I need to do whether I hv to find broker nearby or I myself can do trading.. Pls help me to get out of these doubts..
Thanks,
S.Satheesh.
Hai Friend
As a beginner in the stock market this details helped me a lot.Thanks
sir
i am student i invest Rs 3000 in share .so pls tell me broker who low broker charge and operate trading my smartphone.
Suresh Sir,
I want to invest in Mutual Funds of different houses, but I dont have any trade or demat account. I have a SB a/c with SBI, I followed the nearest 5 branches of SBI but they say they don't deal in Demat a/c. Please advise how to proceed, as I have little knowledge and want to invest in MFs. I shall be grateful to you.
Sampath, Contact customer care number, they would help you to find nearest branch where you can submit a/c opening form
Discount brokers like zerodha,RKSV etc are the future trading options.. Eagerly waiting for a article regarding discount brokers.
Hi Suresh, While opening a demat account there is a checkbox called power of attorney. What are the cases when we give power of attroney.
Rajdeep, When you want to give full rights for your demat account to somebody else, this should be used.
Suresh ji, I am a salaried person having SB a/c in SBI, now I want to open a trading & demat a/c with SBI (same branch) for trading in 3 different MF (SIP) with Rs.1000 pm. each. Is my choice of Bank OK ? Please advise.
Good Sampat. Go ahead
very useful. thanks.
Nice one! Waiting for the other article.
Hi Suresh,
I have an account with zerodha.com. It is only a trader (no demat). Demat is with ILFS. You can link it with your existing bank account.
The trading charge is dead cheap. Max Rs 20 per trade (for any nymber of shares) or 0.01 % of turnover (whichever is less).
You can't get a better deal. Please spread the word. I am their customer for the last 3 years without any complaints.
Arul Selvan
Good to hear this Arul
Analysis = Suresh
Thank you
whether the prices and charges mentioned in this article are the latest? if so we would be grateful to you
Yes Prashant