First Demat Review 2026: Brokerage Charges, Trading Platforms & Features
First Demat is a full-service stockbroker that provides a wide range of trading and investment opportunities, including equities, derivatives, commodities, IPOs, mutual funds and other financial instruments. It aims to serve investors and traders through flexible brokerage plans, online trading facilities, advanced market analysis tools and API-based trading capabilities. Whether you are new to the stock market or an experienced investor, this detailed First Demat review explores its brokerage rates, account opening charges, trading platforms, investment products, customer service and other important features to help you evaluate its offerings.
First Demat – Services Rating and Overview
First Demat provides online facilities for trading and investing across various financial products. The table below highlights the broker’s profile, major offerings and the stock exchanges it supports, giving readers a quick overview of its services.
| 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 allows customers to open trading and Demat accounts online, with no Annual Maintenance Charges (AMC) during the first year. It also provides multiple brokerage plans, enabling traders and investors to select a suitable package according to their trading frequency, budget and investment goals.
| 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 provides a selection of brokerage packages tailored to different types of market participants. Investors can compare the available plans according to their trading activity, preferred segments and cost expectations. This range of options helps beginners, occasional investors and frequent traders find a brokerage structure that aligns with their individual requirements.
| Plan Types | First Demat |
|---|---|
| Multiple Brokerage Packs | Yes |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat provides various brokerage plans for different trading preferences, with fees starting at 0.1% or ₹20 per executed order, whichever is lower. Traders can select a package according to their preferred market segments, transaction volume and trading frequency. These options allow both occasional investors and active market participants to choose a plan that fits their trading budget and requirements.
| 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 applies transaction fees to trades carried out on supported exchanges and market segments. The applicable rates depend on the exchange, type of transaction and relevant fee structure. When estimating the total cost of trading, users should account for these charges alongside brokerage fees, taxes and other mandatory statutory levies.
| 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 provides several tools and account facilities to help users manage their trading and investment activities efficiently. Its digital platforms offer features such as interactive charts, technical analysis indicators, customizable market watchlists, streamlined order execution and API-based trading. Customers can also monitor their investments, review portfolio holdings, track profit and loss statements, and manage fund transfers through the available online services.
| 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 offers online trading solutions that help clients place orders and oversee their investments through digital interfaces. Its platform features include interactive charts, technical analysis tools, customizable watchlists, fast trade execution and live market information. Depending on device compatibility and platform availability, users can log in through web-based services or mobile applications to access their trading accounts and monitor market activity.
| 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[KK1] | https://play.google.com/store/apps/details?id=com.firstdemat.trade |
| iPhone Mobile App (iOS) | Yes |
| iOS App Download[KK2] | https://apps.apple.com/in/app/first-demat-stock-trading-app/id6772088334 |
| Android Tablet App | Yes |
| iPad App (iOS) | Yes |
Broker Ratings
First Demat can be assessed across several important aspects, including its pricing structure, trading platform performance, available investment products, customer service and account facilities. Considering these factors provides a clearer picture of the broker’s overall offerings and helps potential clients compare it with alternative stockbrokers. Reviewing these areas can also help traders and investors determine whether First Demat aligns with their individual preferences and financial objectives.
| Broker Ratings | First Demat |
|---|---|
| Fees Ratings | |
| Trading Brokerage Rating | |
| Trading Platform Usability | |
| Customer Service Ratings | |
| Overall Ratings |
Investment Offerings
Through its online trading platforms, First Demat gives customers access to various financial instruments and investment options. These may include stocks, futures and options, commodities, IPOs, mutual funds, exchange-traded funds (ETFs) and other supported products. Having multiple investment choices in one place allows users to explore different market segments and manage their holdings more conveniently according to their investment strategies.
| 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 offers assistance for various customer needs, including account registration, platform-related issues, brokerage queries and general account management. Users can seek help through the broker’s available support channels and refer to online information for guidance on its services and trading facilities. These resources are intended to help customers address common concerns and use the platform more effectively.
| 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 | support@firstdemat.com |
| 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 offers market insights and analytical resources to help users follow market trends and evaluate potential investment opportunities. Customers can refer to available market updates, research tools and educational materials when analysing securities and planning their trading strategies. Access to detailed research reports, market recommendations and other advisory resources may depend on the specific services offered by the broker.
| 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 enables investors to maintain their securities in electronic form through its Demat account services. These facilities support the management of investment holdings and access to relevant depository-related transactions. The broker offers zero Annual Maintenance Charges (AMC) during the first year, while customers should review the latest tariff for applicable transaction fees and other depository service charges.
| 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 combines a variety of brokerage plans with online trading facilities and tools for market analysis. Prospective customers should compare its benefits with potential limitations, including additional fees, platform capabilities and the availability of research resources. Assessing these factors before registering can help investors decide whether First Demat is an appropriate choice for their trading style and investment goals.
| 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 Process: First Demat enables users to complete account registration online, offering a convenient way to begin their trading and investment journey.
- Brokerage Structure: The broker provides different pricing packages, with brokerage charges starting at ₹20 per order. Customers should compare the available plans and account for applicable taxes, transaction fees and other levies to understand the total cost of trading.
- Trading Platform and Tools: Its digital trading facilities include order execution features, market watchlists, interactive charts and technical analysis indicators to assist users with their trading activities.
- Account Management Features: Users can review their portfolio holdings, access trading-related tools and view account statements and performance reports through the supported digital services.
- Range of Investment Products: First Demat provides access to various financial products and market segments, allowing customers to explore investment opportunities based on their individual preferences and objectives.
- Customer Service: The broker offers support for account-related concerns, platform usage and trading queries through its available customer service channels.
- Final Verdict: First Demat may appeal to traders and investors seeking flexible brokerage packages, pricing starting at ₹20 per order and digital trading facilities. Before opening an account, prospective customers should review the latest fee schedule, evaluate the platform’s capabilities and check the availability of relevant services to determine whether the broker aligns with their needs.
FAQs about First Demat
Is First Demat a suitable choice for trading and investing?
First Demat provides online trading and investment facilities through its digital platforms. Before opening an account, users should examine its regulatory information, fee structure, available products and service terms to make an informed decision.
How much brokerage does First Demat charge?
First Demat offers several brokerage packages, with charges starting at 0.1% or ₹20 per executed order, whichever is lower. The final brokerage depends on the selected plan and the applicable trading segment.
Which trading platforms are available with First Demat?
First Demat provides web-based and mobile trading facilities with features such as market watchlists, technical indicators, charting tools and order execution options, subject to platform availability.
What is the process for opening a First Demat account?
To register, visit the official First Demat website and follow the online account opening instructions. Keep your PAN, identity and address verification details, and other required KYC documents ready.
Does First Demat offer a Demat account without AMC?
First Demat offers zero Annual Maintenance Charges (AMC) for the first year. Customers should check the latest fee schedule for subsequent annual charges and any applicable transaction or statutory fees.
Are mutual fund investments available through First Demat?
Yes, First Demat provides access to mutual fund investments. Visit its official platform to check the available schemes, investment methods and applicable terms.
Can investors submit IPO applications through First Demat?
Yes, eligible customers can apply for initial public offerings (IPOs) through the available application facility, subject to the IPO’s requirements and applicable application procedures.
Which financial products can I access through First Demat?
Its offerings include equities, futures and options, commodities, IPOs, mutual funds and other supported financial products. Availability may vary according to the service and account eligibility.
Does First Demat provide multiple brokerage packages?
Yes, customers can choose from different brokerage plans based on their trading frequency, preferred market segments and cost preferences. Reviewing each package’s terms can help identify a suitable option.
How do I reach First Demat customer care?
Visit the First Demat official website to find its current customer support details, contact options and available assistance for account, trading and service-related queries.