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

Overview — Lemonn vs. First Demat

Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard 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 — Lemonn vs. First Demat

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

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Lemonn charges Rs 20 per executed order 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. Lemonn charges Rs 20 per executed order 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. Lemonn charges Rs 20 per executed order while First Demat charges Flat ₹20 per executed order.

Equity options: This charge applies to equity option contracts. Lemonn charges Rs 20 per executed order while First Demat charges Flat ₹20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Lemonn charges N/A ; First Demat charges Starting ₹20 per order (not on pricing page).

Commodity options: This charge applies to option contracts on commodity instruments. Lemonn charges N/A ; First Demat charges Starting ₹20 per order (not on pricing page).

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

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

Trading platforms comparison — Lemonn vs. First Demat

Lemonn provides mobile app access, web trading and desktop terminal access 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: Lemonn and First Demat both list an Android trading app.

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

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

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

• Algo trading: First Demat lists algo trading support, while Lemonn does not currently mention it.

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

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

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

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

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Lemonn vs. First Demat — Comparison of trading features

Lemonn highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, 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 Lemonn and First Demat offer this feature.

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

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

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

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

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Lemonn and First Demat offer this feature.

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

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

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

• Multi profile management: Manage multiple trading profiles from a single account. Lemonn offers this; First Demat does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Lemonn and First Demat offer this feature.

Lemonn 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 Lemonn and First Demat.

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

• Free AMC: Lemonn and First Demat both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

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

• Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.

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

• Free delivery trading: Lemonn lists free delivery trading, while First Demat does not currently mention it.

• 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 Lemonn does not currently mention it.

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

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

Offered products comparison — First Demat vs. Lemonn

Product availability determines whether a broker can support your preferred markets. Lemonn highlights equity delivery, equity intraday, equity futures, equity 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, mutual funds, commodity futures, commodity options and digital gold.

• Demat services: Lemonn and First Demat both list Demat services.

• Trading services: Lemonn and First Demat both list trading services.

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

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

• IPO services: Lemonn and First Demat both list IPO services.

• 3-in-1 account: Lemonn lists 3-in-1 account support, while First Demat does not currently mention it.

• Stock research: Lemonn and First Demat both list stock research.

• Stock recommendations: Lemonn and First Demat both list stock recommendations.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Lemonn and First Demat both list share pledging.

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

• NRI services: Neither broker currently highlights NRI services.

Offered services comparison — Lemonn vs. First Demat

Lemonn provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while First Demat offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — Lemonn 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 Lemonn and First Demat.

Exposure comparison — Lemonn vs. First Demat

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

Comparison of programs — Lemonn vs. First Demat

Lemonn lists a sub-broker program, while First Demat does not currently mention it. Lemonn lists a partner program, while First Demat does not currently mention it. Lemonn lists a referral program, while First Demat does not currently mention it.

Customer support comparison — Lemonn vs. First Demat

Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. First Demat provides support through trading desk support, call support, email support and website support. First Demat operates Only Ranchi head office listed branches.

Ratings — Lemonn vs. First Demat

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Lemonn carries an overall rating of 4/5, while First Demat carries an overall rating of 5/5.

Complaints — Lemonn 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 — Lemonn vs. First Demat

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

Pledge charges comparison — Lemonn 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 — Lemonn 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 — Lemonn vs First Demat

Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST. First Demat lists account opening charges of Online ₹0; offline ₹500 and Demat AMC of ₹0 for first year; later years not disclosed.

Lemonn 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 — Lemonn 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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