First Demat is a full-service stockbroker offering a variety of trading and investment opportunities, including equities, derivatives, commodities, IPOs, mutual funds, and other financial instruments. It provides different brokerage plans, online trading facilities, charting tools, and API trading features to meet the needs of new investors and seasoned traders. In this detailed First Demat review, we examine its brokerage rates, account opening charges, trading platforms, investment products, customer service, and major features to help you understand its offerings.
First Demat – Services Rating and Overview
First Demat provides various online trading and investment facilities through its digital platforms. The table below highlights the broker’s profile, major offerings, and the stock exchanges it supports.
| 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 users to open trading accounts online and provides zero Annual Maintenance Charges (AMC) during the first year. It also offers multiple brokerage plans, enabling traders and investors to choose an option that aligns with 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 variety of brokerage plans to accommodate different investor preferences and trading strategies. Users can select a plan according to how often they trade, which market segments they participate in, and their budget for brokerage fees. This range of options caters to new traders, occasional investors, and frequent market participants.
| Plan Types | First Demat |
|---|---|
| Multiple Brokerage Packs | Yes |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat provides flexible brokerage plans 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, trading habits, and budget. These options help beginners, occasional investors, and active traders choose a brokerage structure that matches their 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 prevailing tariff structure. When estimating total trading expenses, customers should account for these fees along with brokerage, statutory charges, and other applicable 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 a variety of tools and account facilities to meet the needs of both new and experienced market participants. Its digital trading platforms support chart analysis, technical indicators, customised watchlists, efficient order execution, API-based trading, and online fund management. Customers can also monitor their investments, review portfolio performance, track profits and losses, and manage essential account details from a single 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 web-based and mobile trading solutions that help users place trades and oversee their investments online. Its platform features include interactive charts, technical analysis tools, custom watchlists, streamlined order execution, and live market information. Account access is available through compatible web browsers and mobile devices, depending on the platform’s supported 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[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 investment and trading facilities through its online platforms, along with a selection of brokerage plans. Evaluating the broker involves considering its pricing structure, trading platform performance, available financial products, customer service quality, and account management features. These factors offer a useful basis for comparing First Demat with other brokers and determining whether its services align with individual investment goals 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 platforms, First Demat enables customers to participate in various financial markets and investment activities. Its product offerings include equities, futures and options, commodities, IPOs, mutual funds, ETFs, and other supported instruments. Having access to multiple investment categories allows users to explore different asset classes and manage their holdings conveniently within one trading ecosystem.
| 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 queries related to account registration, trading platform usage, brokerage fees, and general account management. Users can reach out through the broker’s available support channels or refer to its online resources for information about different services and features. These facilities are intended to help customers address common issues and manage their trading activities more smoothly.
| 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 resources that enable users to follow market trends and explore potential investment opportunities. Its available tools, market updates, and educational materials can assist traders in analysing securities and evaluating their investment choices. Access to research reports, market analysis, and trading recommendations may differ depending on the services offered and the products selected.
| 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 hold shares and other eligible securities in electronic form through its Demat account facilities. These services support the management of securities holdings and related depository transactions. The broker offers zero Annual Maintenance Charges (AMC) during the first year, while applicable transaction fees and other depository charges may apply as per its prevailing 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 combines a selection of brokerage plans with online trading facilities and tools for managing investments. However, prospective customers should compare its benefits with potential limitations, including additional fees, platform capabilities, and the availability of research and advisory resources. Reviewing these aspects can help investors decide whether First Demat is a suitable choice for their trading style and financial objectives.
| 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 customers to register for a trading and investment account online, making it convenient to begin using its services digitally.
- Brokerage Structure: The broker offers various pricing plans, with brokerage starting at ₹20 per order. Customers should review the selected plan and account for applicable taxes, statutory levies, and additional fees to estimate their overall trading expenses.
- Trading Platform Features: First Demat provides online trading facilities with tools such as interactive charts, technical indicators, market watchlists, and convenient order placement to support trading activities.
- Account Management Tools: Users can access portfolio details, monitor their holdings, review profit and loss statements, and manage account information through the supported digital platforms.
- Range of Investments: The broker provides access to different market segments and financial products, giving customers opportunities to explore investment options according to their preferences.
- Customer Service: First Demat offers support for queries involving account registration, trading services, platform usage, and other account-related matters through its available communication channels.
- Final Verdict: First Demat may appeal to traders and investors seeking flexible brokerage plans, online account management, and digital trading tools. Before choosing the broker, customers should compare its pricing, platform functionality, investment offerings, and support services with their individual requirements.
FAQs about First Demat
Is First Demat a safe broker for trading and investing?
First Demat provides online trading and investment services. Before opening an account, investors should verify its regulatory registration, review official disclosures, and understand the applicable fees and investment-related risks.
What brokerage fees does First Demat charge?
First Demat offers multiple brokerage plans, with charges starting at 0.1% or ₹20 per executed order, whichever is lower. The final brokerage depends on the selected plan and the relevant trading segment.
Which trading platforms are available at First Demat?
First Demat offers web and mobile trading facilities with features such as market watchlists, technical indicators, charting tools, and order execution options.
How do I open an account with First Demat?
Visit First Demat’s official website and follow the online registration process. Keep your PAN, Aadhaar, bank details, and other required KYC documents ready, as applicable.
Does First Demat offer a zero-AMC Demat account?
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?
First Demat provides access to mutual fund investments. Customers should check the official platform for currently supported schemes, investment methods, and applicable charges.
Can I apply for an IPO using First Demat?
Eligible customers can use the available IPO application facility, subject to the issue’s requirements, applicable application procedures, and the availability of the service.
What financial products can I access through First Demat?
Its stated offerings include equities, futures and options, commodities, IPOs, mutual funds, and other supported investment products. Availability may vary by account type and service.
Does First Demat provide multiple brokerage packages?
Yes, First Demat offers different brokerage plans so customers can choose an option according to their trading frequency, preferred market segments, and cost preferences.
How can I reach First Demat customer support?
Visit firstdemat.com to find the latest official contact information and available support channels for account, trading, and service-related queries.