First Demat is a full-service stockbroker in India that offers trading and investment services across equity, derivatives, IPOs, mutual funds, ETFs and other financial products. It provides competitive brokerage plans, free online account opening, zero account maintenance charges for the first year and a digital trading platform with advanced charting tools. With brokerage charges of 0.1% or ₹20 per executed order for equity trades (whichever is lower) and flat ₹20 per executed order for Futures & Options, First Demat caters to both beginners and experienced traders. Explore this comprehensive First Demat Review 2026 to learn about its brokerage charges, account opening fees, trading platforms, investment options, customer support, key features, pros and cons.
First Demat – Services Rating and Overview
First Demat provides a range of trading and investment services through its digital trading platforms. From equity and derivatives trading to IPOs, mutual funds and ETFs, the broker offers multiple investment options to suit different investor needs. The following table highlights First Demat’s key details, major 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 free trading and demat account opening, with zero trading account maintenance charges. Demat account maintenance is free for the first year. The broker provides different brokerage packs to suit various trading needs and offers depository participant (DP) services, making it convenient for investors to manage their trading and investment accounts.
| 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 plans to meet different trading styles and investment needs. Traders can choose a suitable plan based on their trading frequency, preferred market segments and brokerage budget. These flexible brokerage options cater to beginners, long-term investors and active traders seeking a cost-effective trading experience.
| Plan Types | First Demat |
|---|---|
| Multiple Brokerage Packs | Yes |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat offers multiple brokerage plans to suit different trading needs, with charges starting at 0.1% or ₹20 per executed order, whichever is lower. Traders can select a suitable plan based on their preferred market segments and trading frequency. These flexible options help beginners, long-term investors and active traders manage brokerage costs across different 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 charges transaction fees on trades executed across different market segments and exchanges. These charges depend on the applicable exchange, trading segment and tariff structure. In addition to brokerage, traders should account for transaction charges, STT, GST, stamp duty and other applicable statutory levies when calculating their total 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 provides a range of trading and account features for beginners and experienced investors. Its digital platform offers charting tools, technical indicators, market watchlists, quick order placement, API trading capabilities and fund transfers. Users can also monitor portfolio holdings, track profit and loss, and manage account-related information conveniently through its trading platform.
| 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 digital trading platforms that help users trade stocks and manage investments conveniently. Its trading features include quick order placement, market watchlists, advanced charting tools, technical indicators and market updates. Users can access their trading accounts through supported web and mobile platforms, making it easier to monitor market movements and manage investments.
| 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 trading and investment services through digital platforms and flexible brokerage plans. Its overall rating depends on factors such as brokerage charges, platform usability, investment options, customer support and account services. Evaluating these factors helps investors compare First Demat with other stockbrokers and determine whether it suits their trading and investment needs.
| Broker Ratings | First Demat |
|---|---|
| Fees Ratings | |
| Trading Brokerage Rating | |
| Trading Platform Usability | |
| Customer Service Ratings | |
| Overall Ratings |
Investment Offerings
First Demat offers various trading and investment options through its digital platforms, including equities, futures and options (F&O), commodities, IPOs, mutual funds and ETFs. These investment opportunities allow users to explore different market segments and manage their portfolios conveniently through a single platform, depending on product availability and account eligibility.
| 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 customer support to help users with account opening, brokerage charges, trading platforms and account-related queries. Customers can use the available support channels and online resources to learn about its products and services. These support options help investors resolve issues and manage their trading and investment activities more conveniently.
| 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 information and trading tools to help users track market movements and explore investment opportunities. Traders can use available market updates, charting features and analytical tools to research stocks and support informed trading decisions. Access to research reports, market insights and investment recommendations may vary depending on the services offered.
| 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 enable investors to hold securities electronically and manage their investments conveniently. Customers can access securities transaction and depository-related services through their accounts. The broker offers zero Demat account AMC for the first year, while applicable transaction fees and other depository charges depend on the latest tariff structure.
| 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 flexible brokerage plans, competitive pricing and digital trading tools for investors and traders. Before opening an account, users should compare its key advantages and disadvantages, including brokerage charges, platform features, customer support and research services, to determine whether First Demat aligns with 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 Experience: First Demat offers an online account opening process, allowing customers to open a trading and Demat account digitally.
- Brokerage and Cost Transparency: With brokerage charges starting at ₹20 per executed order or 0.1% for applicable equity trades, whichever is lower, First Demat provides flexible brokerage options. Customers should also consider statutory levies and other applicable fees when calculating total trading costs.
- Trading Platform Experience: First Demat provides digital trading facilities with features such as quick order placement, market watchlists, charting tools and technical indicators to support trading activities.
- Account Features: Customers can access portfolio details, trading tools and account-related information through the available digital platforms.
- Investment Options: First Demat offers access to various market segments and investment products, including equities, derivatives, IPOs, mutual funds and ETFs, subject to product availability.
- Customer Support Experience: Customers can use the available support channels for assistance with account opening, brokerage-related queries, trading services and platform navigation.
- Overall Verdict: First Demat is worth considering for traders and investors seeking flexible brokerage plans, competitive pricing and digital trading facilities. Comparing its brokerage charges, account maintenance fees, platform features and available services can help customers determine whether it suits their trading style and investment goals.
FAQs about First Demat
Is First Demat safe and reliable for trading and investing?
First Demat provides trading and investment services through its digital platforms. Before opening an account, investors should verify its regulatory registration, review official disclosures and understand the applicable charges and investment risks.
What are the brokerage charges at First Demat?
First Demat offers multiple brokerage packs, with charges starting at 0.1% or ₹20 per executed order, whichever is lower, for applicable equity trades. Actual brokerage depends on the trading segment and selected plan.
What trading platforms does First Demat offer?
First Demat provides digital trading facilities through its supported web and mobile platforms, with features such as market watchlists, charting tools, technical indicators and order placement.
How can I open a First Demat account?
Visit First Demat’s official website and follow the online account opening process. Keep your PAN, Aadhaar and other required KYC details ready to complete verification.
Does First Demat charge an Annual Maintenance Charge (AMC)?
First Demat offers zero Demat account AMC for the first year. Applicable charges after the promotional period, along with transaction fees and statutory levies, should be checked in the latest tariff.
Can I invest in mutual funds through First Demat?
First Demat provides access to mutual fund investments. Customers should check its official platform for available schemes, investment methods and applicable charges.
Can I apply for IPOs through First Demat?
Eligible customers can access IPO application facilities through the available platform, subject to the issue’s application requirements, investor eligibility and applicable payment procedures.
What investment options are available with First Demat?
First Demat offers access to various trading and investment products, including equities, futures and options, commodities, IPOs, mutual funds and ETFs, subject to product availability.
Does First Demat offer different brokerage plans?
Yes, First Demat offers multiple brokerage packs. Customers can compare the available plans and choose one based on their trading frequency, preferred market segments and brokerage budget.
How can I contact First Demat customer support?
Visit the official First Demat website to find the latest customer support contact information and available assistance channels for account-related queries.
