Bajaj Broking vs First Demat – Compare Charges, Trading Features, Offers & More

Overview — Bajaj Broking vs. First Demat

Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Freedom Pack, Professional Pack, Signature Pack brokerage structure.

First Demat is listed as a Private Discount Broker established in 2026 with headquarters in Ranchi, Jharkhand and founded by Sandhya Kumari. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Single flat plan on site; file says 'multiple brokerage packs'.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Bajaj Broking vs. First Demat

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Broking and First Demat.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges 0.1% or ₹20 per executed order, whichever is lower.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges 0.1% or ₹20 per executed order, whichever is lower.

Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges Flat ₹20 per executed order.

Equity options: This charge applies to equity option contracts. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges Flat ₹20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges Starting ₹20 per order (not on pricing page).

Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while First Demat charges Starting ₹20 per order (not on pricing page).

Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Broking charges N/A ; First Demat charges Not offered.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Broking charges N/A ; First Demat charges Not offered.

Trading platforms comparison — Bajaj Broking vs. First Demat

Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. First Demat provides mobile app access, web trading and algo trading support for its users.

• Android app: Bajaj Broking and First Demat both list an Android trading app.

• iOS app: Bajaj Broking and First Demat both list an iOS trading app.

• Web trading platform: Bajaj Broking and First Demat both list a web trading platform.

• Desktop trading terminal: Bajaj Broking lists a desktop trading terminal, while First Demat does not currently mention it.

• Algo trading: Bajaj Broking and First Demat both list algo trading support.

• Basket trading: First Demat lists basket trading, while Bajaj Broking does not currently mention it.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Bajaj Broking and First Demat both list a mutual fund investment platform.

• Digital gold platform: First Demat lists digital gold investing, while Bajaj Broking does not currently mention it.

• Bonds platform: Bajaj Broking lists a bonds investment platform, while First Demat does not currently mention it.

Bajaj Broking vs. First Demat — Comparison of trading features

Bajaj Broking highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while First Demat promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Broking and First Demat offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Broking and First Demat offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Broking and First Demat offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Bajaj Broking and First Demat offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Bajaj Broking and First Demat offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. First Demat offers this; Bajaj Broking does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Bajaj Broking offers this; First Demat does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Broking and First Demat offer this feature.

• Live market: Live updates on market movements and trends. Both Bajaj Broking and First Demat offer this feature.

• Secure platform: A secure trading environment with next-generation security controls. First Demat offers this; Bajaj Broking does not currently highlight it.

Bajaj Broking vs. First Demat — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Broking and First Demat.

• Free account opening: Bajaj Broking and First Demat both list free account opening.

• Free AMC: Bajaj Broking and First Demat both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Bajaj Broking and First Demat both list flat brokerage pricing.

• Flexible brokerage plans: Bajaj Broking lists flexible brokerage plans, while First Demat does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: First Demat lists free research reports, while Bajaj Broking does not currently mention it.

• Free trading calls: Bajaj Broking lists free trading calls, while First Demat does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

Offered products comparison — First Demat vs. Bajaj Broking

Product availability determines whether a broker can support your preferred markets. Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while First Demat highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, corporate bonds, bonds and digital gold.

• Demat services: Bajaj Broking and First Demat both list Demat services.

• Trading services: Bajaj Broking and First Demat both list trading services.

• Intraday services: Bajaj Broking and First Demat both list intraday trading services.

• F&O services: Bajaj Broking and First Demat both list F&O services.

• IPO services: Bajaj Broking and First Demat both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: Bajaj Broking and First Demat both list stock research.

• Stock recommendations: First Demat lists stock recommendations, while Bajaj Broking does not currently mention it.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Bajaj Broking and First Demat both list share pledging.

• PMS or PCG: Bajaj Broking lists PMS or PCG support, while First Demat does not currently mention it.

• NRI services: Bajaj Broking lists NRI services, while First Demat does not currently mention it.

Offered services comparison — Bajaj Broking vs. First Demat

Bajaj Broking provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while First Demat offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — Bajaj Broking vs. First Demat

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Broking and First Demat.

Exposure comparison — Bajaj Broking vs. First Demat

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Broking and First Demat across different segments.

Customer support comparison — Bajaj Broking vs. First Demat

Bajaj Broking provides support through trading desk support, call support, email support and website support. First Demat provides support through trading desk support, call support, email support and website support. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches. First Demat operates Only Ranchi head office listed branches.

Ratings — Bajaj Broking vs. First Demat

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Broking carries an overall rating of 3.6 / 5, while First Demat carries an overall rating of 5/5.

Complaints — Bajaj Broking vs. First Demat

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Bajaj Broking vs. First Demat

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Broking and First Demat.

Pledge charges comparison — Bajaj Broking vs. First Demat

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Bajaj Broking vs. First Demat

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Bajaj Broking vs First Demat

Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0. First Demat lists account opening charges of Online ₹0; offline ₹500 and Demat AMC of ₹0 for first year; later years not disclosed.

Bajaj Broking vs First Demat — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Bajaj Broking and First Demat

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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