First Demat provides a range of financial services, including equity trading, derivatives, commodity trading, IPO investments, mutual funds and other investment products. As a full-service broker, it combines multiple brokerage plans with a digital trading interface, technical charting features and API-based trading capabilities. Its services are designed to meet the needs of new investors as well as active traders. In this detailed First Demat review, we examine its brokerage rates, account opening charges, trading platforms, available investment products, customer service and other important features to help you understand what the broker offers.
First Demat – Services Rating and Overview
First Demat provides various financial products and trading facilities through its online platforms. The table below highlights the broker’s profile, major offerings, and the stock exchanges where its services are available.
| 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 provides a digital account opening facility and waives Annual Maintenance Charges (AMC) for the first year. It also offers multiple brokerage plans, allowing traders and investors to select an option that aligns with their trading frequency, investment goals and preferred services.
| 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 plans tailored to different investor preferences and trading habits. Users can compare the available packages according to their transaction volume, chosen market segments and budget for brokerage fees. This range of options helps new investors, occasional traders and frequent market participants find a plan that matches their requirements.
| Plan Types | First Demat |
|---|---|
| Multiple Brokerage Packs | Yes |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat provides several brokerage packages for investors and traders with varying transaction requirements. Its brokerage fees start at 0.1% or ₹20 per executed order, whichever is lower. Customers can select a plan according to their preferred market segments and trading activity. These options offer flexibility for individuals seeking a brokerage structure that fits their trading habits and budget.
| 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. Traders should also account for brokerage fees, statutory charges and other applicable taxes when estimating the total cost of their trades.
| 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 various tools and account facilities to meet the requirements of both new investors and experienced traders. Its digital trading environment features technical analysis tools, interactive charts, customizable watchlists, streamlined order execution and API-based trading support. The platform also enables users to manage funds, monitor their investment portfolios, review profit and loss statements, and access essential account information online.
| 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 investors buy, sell and track their investments through digital interfaces. Its platform features include efficient order execution, customizable watchlists, detailed price charts, technical analysis indicators and live market information. Users can manage their trading activities through web-based and mobile applications, depending on device compatibility and platform availability.
| 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 provides various financial services, flexible brokerage plans and online trading facilities for investors with different requirements. Assessing the broker involves examining its pricing structure, ease of platform navigation, range of investment products, quality of customer assistance and account management features. These factors can help users evaluate First Demat against alternative brokers and determine whether its services align with their investment objectives and trading preferences.
| 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 enables customers to participate in various financial markets and investment categories. Its available offerings include stocks, futures and options, commodities, initial public offerings (IPOs), mutual funds, exchange-traded funds (ETFs) and other financial instruments. Having access to multiple product categories allows investors to explore different investment opportunities and oversee their holdings from one digital account, subject to product availability and eligibility requirements.
| 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 opening an account, understanding brokerage fees, using trading platforms and managing account-related requests. Users can reach out through the broker’s available support channels or refer to its online information resources for guidance on financial products and services. These facilities are intended to help customers address common concerns and manage their trading activities 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 | [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 offers market insights and trading utilities that can assist investors in tracking price movements and evaluating potential investment opportunities. Customers can refer to the available market updates, analytical features and learning materials to conduct research before making trading decisions. Access to detailed research reports, market analysis and investment recommendations depends on the services provided and the applicable product offerings.
| 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 securities in electronic form through its Demat account facilities. These services support the holding and management of investments, along with eligible securities transactions and depository-related operations. The broker offers zero Annual Maintenance Charges (AMC) during the first year. Customers should review the latest fee schedule for applicable transaction fees, depository charges and other account-related costs.
| 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 flexible brokerage plans with online trading facilities and a variety of investment services. However, prospective customers should compare its benefits with potential limitations, including brokerage fees, platform capabilities, additional charges and the availability of research support. Reviewing these aspects before registering can help investors decide whether First Demat is a suitable choice for their trading style and financial 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
- Digital Account Opening: First Demat allows customers to complete the account registration process online, providing a convenient way to begin their trading journey.
- Brokerage Plans and Charges: Brokerage rates start at ₹20 per order, with different plans available to accommodate varying trading preferences. Investors should also account for applicable taxes, transaction fees and other levies.
- Trading Platform Usability: Its digital platforms include order placement facilities, market watchlists, price charts and technical analysis indicators to assist users with their trading activities.
- Account Management Tools: Customers can review portfolio holdings, access trading utilities and view account statements or profit and loss reports through supported digital services.
- Investment Opportunities: The broker provides access to multiple financial products and market segments, enabling users to explore different investment avenues according to their needs.
- Customer Assistance: Available support channels help customers with account opening, platform usage, trading-related questions and other service requests.
- Final Assessment: First Demat may appeal to traders and investors seeking flexible brokerage packages and convenient online trading facilities. Before opening an account, prospective customers should compare its complete fee structure, platform capabilities and support services with competing brokers to determine whether it meets their expectations.
FAQs about First Demat
Is First Demat a reliable option for trading and investing?
First Demat provides online trading and investment facilities through its digital platforms. Before opening an account, investors should verify its regulatory information, review the fee schedule and understand the terms associated with its financial products.
How much brokerage does First Demat charge?
First Demat offers several brokerage packages, with fees starting at 0.1% or ₹20 per executed order, whichever is lower. The actual brokerage payable depends on the selected plan and the market segment in which the trade is executed.
Which trading platforms are available at First Demat?
First Demat provides web-based and mobile trading facilities featuring market watchlists, technical indicators, price charts and order execution tools. Available features may vary by platform.
How do I open an account with First Demat?
Visit the official First Demat website and follow the online registration procedure. Keep your PAN, Aadhaar and other required KYC details ready to complete the verification process.
Does First Demat offer a zero-AMC Demat account?
Yes, First Demat offers zero Annual Maintenance Charges (AMC) for the first year. Transaction fees, statutory levies and other applicable charges may still apply.
Can I invest in mutual funds 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.
Does First Demat support IPO applications?
Yes, eligible customers can apply for initial public offerings (IPOs) through the available application facility, subject to the relevant application procedures and eligibility requirements.
Which financial products can I access through First Demat?
Its offerings include equities, futures and options, commodities, IPOs, mutual funds and other supported investment products. Availability may depend on the specific service and account eligibility.
Are multiple brokerage plans available at First Demat?
Yes, customers can choose from different brokerage packages according to their trading frequency, preferred market segments and budget. Reviewing each plan’s terms can help identify a suitable option.
How can I reach First Demat customer support?
Visit the First Demat official website to find its current contact information and available support channels for account, brokerage and platform-related queries.