First Demat, operated by AS Bullishify Pvt. Ltd., is a SEBI-registered discount broker offering online account opening with zero account opening charges and zero Demat AMC for the first year. Brokerage is a flat ₹20 per executed order or 0.1% (whichever is lower) across equity delivery, intraday, futures and options. Clients can trade equity, F&O, commodities, IPOs, mutual funds and ETFs on NSE, BSE and MCX through web and mobile platforms with TradingView charts, trailing stop loss, basket orders, an option strategy builder and API trading. The platform also provides AI-powered market insights, research summaries and smart alerts. With transparent pricing, no hidden charges and a beginner-friendly interface, First Demat suits both new investors and active traders.
| Services Rating | First Demat |
|---|---|
| Overall Rating | ★★★★★ |
| Brokerage Charges | ★★★★★ |
| Trading Platform | ★★★★★ |
| Investments Offering | ★★★★★ |
| Customer Service | No Rating |
| Broker Type | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX |
| Active Clients | 500 |
| Broker Overview | First Demat Review |
Account Opening Charges and AMC
First Demat offers a free trading account and demat account opening and charges an Annual Maintenance Charge (AMC) of ₹0 for the 1st year.
| Charges | First Demat |
|---|---|
| Trading Account Opening | ₹0 (online); ₹500 offline |
| Trading AMC | ₹0 |
| Demat Account Opening | ₹0 |
| Demat AMC | ₹0 for the 1st year |
| Provide DP Service | Yes |
Brokerage Plans
First Demat does not offer subscription-based brokerage options with a monthly or yearly plan.
| Plan Types | First Demat |
|---|---|
| Multiple Plans | Yes (DOCX: multiple packs; site shows one flat plan) |
| Monthly Plans | No |
| Yearly Plans | No |
Brokerage Charges
First Demat charges Rs 20 or 0.1% for equity delivery and intraday and Rs 20 for futures and options. First Demat does not provide trades on currency and commodity. It has zero hidden charges.
| Brokerage Charges | First Demat |
|---|---|
| Plan Name | Multiple Brokerage Packs |
| 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 | Flat ₹20 per executed order |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures | - |
| Currency Options | - |
| Commodity Futures | Starting ₹20 per order |
| Commodity Options | Starting ₹20 per order |
| Hidden Charges | No |
| Call & Trade Charges | ₹50 per trade (+18% GST) |
| Auto Square off Charges | ₹50 per trade (+18% GST) |
| Brokerage Calculator | First Demat Brokerage Calculator |
Transactions Charges
| 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 includes useful tools like advanced charting and analysis tools and algo trading support for automation, ideal for traders seeking basic yet efficient account options.
| Compare Account Features | First Demat |
|---|---|
| 3-in-1 Account | No |
| Charting | Yes (TradingView integration, indicators) |
| Algo Trading | Yes |
| SMS Alerts | Yes (site also lists smart alerts, price watch alerts) |
| 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 provides a seamless trading experience across multiple platforms including a modern web-based trading platform, a mobile-friendly trading interface, an Android trading app, an iPhone trading app, an Android tablet app, an iPad trading app. Traders can access their accounts anytime, whether on web or mobile devices. The software ensures fast execution, stability, and real-time performance for all users.
| Trading Platforms | First Demat |
|---|---|
| Web Trading Platform | Yes |
| Web Trading Detail | Browser terminal with quick trade mode, TradingView charts, GTT and Cover orders, basket orders, option strategy builder |
| Mobile Trading | Yes |
| Mobile Trading App | Yes |
| Android Mobile App | Yes |
| Android App Download | Download |
| iPhone Mobile App (IOS) | Yes |
| iOS App Download | Download |
| Android Tablet App | Yes |
| iPad App (IOS) | Yes |
| Trading Software Charges | Free / no separate charge (not explicitly stated; site says no hidden fees) |
Broker Ratings
First Demat maintains impressive ratings with fees rated 4.3, brokerage rated 4.2, platform usability rated 4.4, and customer service rated 4.4. The broker’s overall rating stands at 5 out of 5, reflecting its balanced performance across key areas. Overall, First Demat is recognized for offering dependable service, fair pricing, and a user-friendly trading experience.
| Broker Ratings | First Demat |
|---|---|
| Fees Ratings | 4.3 |
| Trading Brokerage Rating | 4.2 |
| Trading Platform Usability | 4.4 |
| Customer Service Ratings | 4.4 |
| Overall Ratings | 5 |
Investment Offerings
First Demat offers a wide range of investment options including equity cash and F&O, currency derivatives, commodity trading, online IPO applications, mutual funds, bonds and NCDs, and more — giving investors complete portfolio diversification across equity, debt, and alternative products. Overall, First Demat ensures a comprehensive investment experience — from IPOs and mutual funds to derivatives and commodities — enabling investors to diversify effortlessly.
| Investment Offerings | First Demat |
|---|---|
| Equity Cash and F&O | Yes |
| Currency Derivatives | - |
| Commodity | Yes |
| Online IPO Application | Yes (UPI-based) |
| Mutual Funds | Yes |
| Bond / NCD | No |
| ETF | Yes |
| Banking | No |
| Insurance | No |
| Forex | No |
| MF SIP Investment | Yes |
| Equity SIP Investment | Yes |
| PMS Service | No |
| Other Investment Options | Yes |
Customer Support Offered
Explore the range of customer support services offered by First Demat .
| Customer Support | First Demat |
|---|---|
| 24/7 Customer Service | No |
| Email Support | Yes |
| Online Live Chat | No |
| Phone Support | Yes |
| Toll Free Number | N/A |
| Through Branches | Yes |
| Customer Care Number | 9240256358 |
| Account Opening Process | Online / Paperless |
| Customer Support Email | [email protected] |
| Knowledge Center/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
| Research | First Demat |
|---|---|
| Research Mutual Funds | Yes (AI recommendations) |
| Research Equity Reports | Yes (AI research summaries) |
| Research ETF | Yes |
| Daily Market Report | Yes |
| Free Tips | Yes |
| Quarterly Result Analysis | Yes |
| News Alerts | Yes (smart alerts) |
Demat Account Charges
First Demat offers a Demat account with NSDL as DP source. The annual maintenance charge (AMC) is ₹0 for the 1st year, and transaction charges per ISIN are ₹20 + GST. Services like demat, remat, and pledge creation are available for seamless securities management. First Demat provides a full-featured Demat account with DP source as NSDL, AMC of ₹0 for the 1st year per year, transaction charge of ₹20 + GST per ISIN, pledge creation charge of ₹3 + GST per transaction, demat charge of ₹20 per DRF + ₹3 per certificate, offering a complete and transparent experience for investors.
| Demat Charges | First Demat |
|---|---|
| DP Source | NSDL |
| DP ID | IN303921 |
| Demat Account Annual Maintenance Charges (AMC) | ₹0 for the 1st year |
| Advance Deposit | No |
| Transaction Charges on Debit (Per ISIN) | ₹20 + GST |
| Demat | ₹20 per DRF + ₹3 per certificate |
| Remat | ₹20 per 100 securities or part thereof (max ₹5,000), or flat ₹20 per certificate, whichever is higher |
| Pledge Creation | ₹3 + GST per transaction |
| Pledge Creation Confirmation | - |
| Pledge Closure | ₹25 + GST per transaction (pledge/unpledge) |
| Pledge Closure Confirmation | - |
| Pledge Invocation | N/A |
| Failed Instruction Charges | ₹20 per instruction |
| Other Charges | KYC modification ₹50; physical statement ₹10/page + courier; physical contract note ₹50 + courier; delayed payment 0.05%/day; physical delivery of derivatives 0.5% of contract value |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| First Demat |
|
|
User Experience with First Demat
Account Opening Process: First Demat enables customers to register for a trading and Demat account online, making it convenient to begin investing without relying entirely on a physical application process.
Brokerage Structure and Charges: The broker offers multiple pricing packages, with brokerage starting at ₹20 per executed order or 0.1%, whichever is lower. Customers should compare the available plans and factor in applicable taxes, transaction fees and other charges before selecting a package.
Trading Platform Performance: First Demat provides online trading facilities equipped with order placement tools, customizable market watchlists, interactive charts and technical indicators to help users monitor market activity.
Account Management Facilities: Through its supported digital platforms, customers can review portfolio details, use trading utilities and access relevant account statements and profit-and-loss information.
Range of Investment Products: First Demat supports access to several financial instruments and market segments, giving investors opportunities to explore different products based on their investment objectives and eligibility.
Customer Service: Users can contact the broker through its available assistance channels for help with account registration, platform-related concerns, trading queries and other service requirements.
Final Verdict: First Demat may be suitable for traders and investors who value a choice of brokerage packages, online account management and digital trading tools. Before making a decision, compare its brokerage plans, additional fees, platform functionality and customer support services with those of other brokers to determine whether it aligns with your needs.
FAQs on First Demat Review
First Demat offers online facilities for trading and investing. Before choosing the broker, users should check its regulatory disclosures, applicable fees and product terms to understand the services and associated risks.
First Demat has multiple brokerage packages, with charges starting at 0.1% or ₹20 per executed order, whichever is lower. The final brokerage depends on the selected package and the relevant trading segment.
Customers can access First Demat through its web and mobile trading platforms. Available tools include market watchlists, price charts, technical indicators and order placement facilities.
Visit the First Demat official website and complete the online account registration process. Keep your required KYC documents and personal information ready for verification.
First Demat offers zero Demat Account Maintenance Charges (AMC) for the first year. Additional transaction fees, statutory levies and other applicable charges may still be payable.
Yes, First Demat provides access to mutual fund investments. Customers can visit its official platform to explore the available schemes and investment facilities.
Yes, eligible customers can use the available IPO application facility to apply for public issues, subject to the applicable eligibility criteria and application requirements.
First Demat offers access to several financial products, including equities, futures and options (F&O), commodities, IPOs, mutual funds and other supported investment instruments.
Yes, First Demat provides multiple brokerage plans. Customers can compare the available packages based on their trading frequency, preferred market segments and applicable brokerage fees.
Visit the official First Demat website to find the latest customer service contact information and available support options for account opening, trading and other service-related questions.