First Demat is a Private Discount Broker in India , established in 2026 , and headquartered in Ranchi, Jharkhand. The broker provides access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures and currency options through mobile app access, web trading and algo trading support, making it relevant for traders and investors who want one platform for market access, order execution, and portfolio tracking.
This 2026 review covers First Demat brokerage charges, Demat account costs, trading platforms, products, customer support, and key features. Investors comparing brokers can use the details on this page to understand whether First Demat matches their cost expectations, preferred trading segments, and platform requirements.
First Demat is a full-service stockbroker offering a variety of trading and investment products, including equities, derivatives, commodities, IPOs and mutual funds. It provides multiple brokerage plans, online trading facilities, advanced charting tools and API trading capabilities to support different trading styles. Whether you are a new investor or an active trader, this detailed First Demat review covers its brokerage charges, account opening fees, trading platforms, investment options, customer support and key features to help you evaluate its services.
First Demat — A Comprehensive Company Overview
| Company Overview | First Demat |
|---|---|
| Company Type | Private |
| Broker Type | Discount Broker |
| Headquarters | Ranchi, Jharkhand |
| Founder | Sandhya Kumari |
| Establishment Year | 2026 |
| Brokerage Plan | Single flat plan on site; file says 'multiple brokerage packs' |
| Branches / Offices | Only Ranchi head office listed |
First Demat has been evaluated across key parameters including technology, charges, products, and customer experience to help investors make an informed comparison.
First Demat — Ratings
| Parameter | Rating |
|---|---|
| Overall Rating | 5/5 |
| Customer Support | 5 / 5 |
| Technology | 4.5 / 5 |
| Charges | 4.5 / 5 |
| Products & Services | 4.0 / 5 |
| Experience | 5 / 5 |
First Demat lists account opening charges of Online ₹0; offline ₹500 for its onboarding process, while the annual maintenance charge (AMC) for the Demat account is ₹0 for first year; later years not disclosed.
Before opening an account with First Demat, investors should compare onboarding fees, Demat AMC, brokerage slabs, and the availability of services such as IPO access, F&O trading, and research tools.
Account Opening and Demat Charges
| Charge | First Demat |
|---|---|
| Trading Account Opening Charges | Online ₹0; offline ₹500 |
| Demat AMC (Annual Maintenance Charges) | ₹0 for first year; later years not disclosed |
| DP Charges | ₹20 + GST per ISIN debit |
| Dematerialisation Charges | ₹20 per DRF + ₹3 per certificate |
| Call & Trade Charges | ₹50 per trade (site); file says ₹50 + GST |
Brokerage is the fee charged by a stockbroker for executing trades on your behalf. First Demat applies the following charges across segments:
Brokerage of First Demat
| Brokerage | First Demat |
|---|---|
| Brokerage Plan | Single flat plan on site; file says 'multiple brokerage packs' |
| Subscription Charges | None listed; file says no monthly or yearly plans |
| 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 Future | Flat ₹20 per executed order |
| Equity Option | Flat ₹20 per executed order |
| Commodity Future | Starting ₹20 per order (not on pricing page) |
| Commodity Option | Starting ₹20 per order (not on pricing page) |
| Currency Future | Not offered |
| Currency Option | Not offered |
First Demat offers margin exposure to help traders manage larger positions with less capital. The margin facility allows investors to leverage their holdings across different segments, enabling better utilisation of available funds while managing risk appropriately. The margin trading interest rate is N/A (no MTF).
First Demat — Exposure / Margin
| Exposure | First Demat |
|---|---|
| Margin Trading Interest | N/A (no MTF) |
| Pledge Creation Charges | ₹3 + GST (margin pledge); site demat tariff table is empty |
| Pledge Invocation Charges | ₹25 + GST per transaction (pledge/unpledge) |
Apart from brokerage, several statutory and operational charges apply when trading through First Demat. These include Securities Transaction Tax (STT), stamp duty, transaction charges, SEBI turnover fees, GST, and depository charges. Understanding these costs helps investors calculate the true cost of every trade.
Other Charges of First Demat
| Charge | First Demat |
|---|---|
| Transaction Charges — Equity Delivery | NSE: 0.00307%; BSE: 0.00375% |
| STT — Equity Delivery | 0.1% on buy and sell |
| Stamp Duty — Equity Delivery | 0.015% or ₹1500/crore |
| Transaction Charges — Equity Intraday | NSE: 0.00307%; BSE: 0.00375% |
| STT — Equity Intraday | 0.025% on sell |
| Stamp Duty — Equity Intraday | 0.003% or ₹300/crore |
| Transaction Charges — Equity Futures | NSE: 0.00183%; BSE: 0 |
| STT — Equity Futures | 0.05% on sell |
| Stamp Duty — Equity Futures | 0.002% or ₹200/crore |
| Transaction Charges — Equity Options | NSE: 0.03553% (on premium); BSE: 0.0325% (on premium) |
| STT — Equity Options | 0.15% on sell (premium); 0.15% of intrinsic value on exercise |
| Stamp Duty — Equity Options | 0.003% or ₹300/crore |
| SEBI Turnover Charges | ₹10 per crore |
| DP Charges | ₹20 + GST per ISIN debit |
| GST | 18% on brokerage + SEBI charges + transaction charges |
First Demat provides mobile app access, web trading and algo trading support to support order placement, portfolio tracking, and market monitoring. The broker also supports algorithmic trading, allowing advanced users to automate strategies through its platform. Basket trading is available, enabling investors to place multiple orders in a single transaction.
Key platform features include: watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports, customised recommendations, interactive charts, live market tracking, secure platform controls.
First Demat — Trading Platforms
| Trading Platform | First Demat |
|---|---|
| Android App | Yes |
| iOS App | Yes |
| Web Trading Platform | Yes |
| Algo Trading Platform | Yes |
| Basket Trading Platform | Yes (Baskets and basket orders) |
| Mutual Fund Investment Platform | Yes |
| Digital Gold Investment Platform | Not offered |
First Demat highlights the following offers and benefits to attract and retain investors. These can help reduce overall trading costs or improve the value of the account relationship.
First Demat — Offers
| Offer | First Demat |
|---|---|
| Free Account Opening | Yes (online); offline costs ₹500 |
| Free AMC | First year only |
| Flat Brokerage | Yes, ₹20 per order |
| Free Research Reports | Yes |
| Margin Funding / Pledging | MTF: No. Pledging available. |
First Demat highlights features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. These tools support research, market monitoring, order execution, and day-to-day portfolio management for both first-time and active market participants.
First Demat — Trading Features
| Trading Feature | First Demat |
|---|---|
| Wishlist / Watchlist | Yes (multiple watchlists) |
| Real-Time Updates | Yes |
| Portfolio Details | Yes (holdings and P&L reports) |
| Online MF Buy | Yes |
| Research Reports | Yes (AI research summaries) |
| Global Indices | N/A |
| Customised Recommendations | 'Personalised advisory' claimed on site |
| Stock Tips | N/A |
| Interactive Charts | Yes (TradingView integration, indicators) |
| Live Market | Yes |
| Multi Profile Management | N/A |
| Robust & Secure Platform | Yes ('Bank-grade security' claim) |
First Demat provides the following research and advisory services to help investors make more informed trading and investment decisions.
First Demat — Research & Advisory
| Research Service | First Demat |
|---|---|
| Fundamental Reports | AI fundamental insights |
| Research Reports | Yes |
| IPO Reports | IPO insights on site |
| Daily Market Review | Yes |
First Demat provides services that may include Demat services, trading services, intraday trading, F&O trading, IPO access and stock research. Depending on the products enabled, investors may also get access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds from the same ecosystem, making it easier to manage both trading and long-term investing requirements.
First Demat — Services Provided
| Service | First Demat |
|---|---|
| Demat Services | Yes (NSDL, DP ID IN303921 via Ashlar Securities Pvt Ltd) |
| Trading Services | Yes |
| Intraday Services | Yes |
| F&O Services | Yes |
| IPO Services | Yes (UPI application) |
| 3-in-1 Account | No |
| Stock Research | Yes (AI summaries) |
| Stock Recommendations | Not provided (T&C disclaimer) |
| Trading Education / Institution | N/A |
| Share Pledging | Yes |
| PMS or PCG | No |
| NRI Services | No |
First Demat offers a range of investment products including stocks, futures & options, currency trading, commodity trading, mutual funds and digital gold, enabling users to explore multiple asset classes from a single platform. The platform also supports long-term wealth creation through mutual funds, allowing investors to diversify and reduce risk exposure. Digital gold investment is also available as an alternative asset class on the platform.
First Demat — Products Provided
| Product | First Demat |
|---|---|
| Equity Delivery | Yes |
| Equity Intraday | Yes |
| Equity Option | Yes |
| Equity Future | Yes |
| Commodity Option | Yes (file; MCX member). Not in site FAQ. |
| Commodity Future | Yes (file; MCX member). Not in site FAQ. |
| Currency Option | No |
| Currency Future | No |
| Foreign Stocks | No |
| Mutual Funds | Yes (SIP too) |
| Banking | No |
| Insurance | No |
| Corporate Bonds | No |
| Government Bonds | No |
| Digital Gold | No |
First Demat provides customer support through trading desk support, call support, email support and website support. The broker operates Only Ranchi head office listed branches across India for in-person assistance.
Customer Support of First Demat
| Support Channel | First Demat |
|---|---|
| Trading Support | Yes |
| Call Support | +91 9240256357 |
| Email Support | [email protected] |
| Website Support | Yes |
| Branches / Offices | Only Ranchi head office listed |
Account Opening Process: First Demat allows customers to open an account online, offering a convenient way to complete registration and begin trading or investing through its digital services.
Brokerage Plans and Pricing: The broker provides several brokerage packages, with charges starting at ₹20 per executed order or 0.1%, whichever is lower. Customers should review the applicable plan details, statutory levies and additional fees to understand their overall trading expenses.
Trading Platform Features: First Demat offers digital trading facilities with tools for placing orders, tracking market watchlists, viewing price charts and applying technical indicators to analyse market movements.
Account Management Tools: Customers can access portfolio details, trading utilities and relevant account reports through the broker’s supported online platforms, helping them monitor their investment activity.
Investment Opportunities: The platform provides access to various financial products and market segments, allowing customers to explore investment and trading opportunities according to their individual requirements.
Customer Support Services: First Demat provides support through its available communication channels to assist with account-related questions, trading services and platform navigation.
Overall Verdict: First Demat may be an option for investors and traders seeking flexible brokerage packages and convenient digital trading facilities. Comparing its pricing structure, additional charges, platform features and customer assistance with competing brokers can help determine whether its services match your trading preferences.