First Demat

First Demat is a discount broker in India operated by AS Bullishify Pvt. Ltd., offering a modern online trading platform with flat ?20 per executed order brokerage and zero account opening charges. It combines low-cost trading with AI-powered market insights, advanced charting and option strategy tools, and covers equity, F&O, commodities, IPOs and mutual funds. Check out this detailed First Demat review.

Background

Year of Incorporation	2021
Website	https://firstdemat.com/
Phone	9240256358
Exchanges enabled	NSE, BSE, MCX
Demat (NSDL/CDSL)	NSDL (DP ID IN303921)

Brokerage

Equity	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	Not offered (-)
Currency Options	Not offered (-)
Commodity	?20 per order (futures and options)

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Account Opening Costs

Trading only	?0 online (offline opening ?500)
Trading & Demat	?0
Commodity	No separate charge stated (?0 account opening)

Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity	Transaction charges: NSE 0.00307%, BSE 0.00375%
Futures	Transaction charges: NSE 0.00183%, BSE 0
Options	Transaction charges on premium: NSE 0.03553%, BSE 0.0325%
Commodities	N/A
AMC charge	?0 for the 1st year
DP Transaction Charge	?20 + GST per ISIN debit
Offline order placing Charge	?50 per trade (call & trade; plus GST per DOCX)

Platforms

Software
Web/HTML 5
Mobile

Charting

Intraday	Yes
End of Day	Yes
Coding/Backtesting

Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes

Margins

Leverage Provided

Equity	N/A
Equity Futures	N/A
Equity Options	N/A
Currency Futures	N/A
Currency Options	N/A
Commodity	N/A

Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders
Trailing Stoploss
Training & Education

Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers

Financial Health

Equity & Commodity Consolidated
Look for brokerages with higher profit, low debt, and a higher profit to equity ratio, which will indicate profitability based on capital deployed, and a balance sheet size of at least Rs 50 crore. If a broker is in financial trouble, it will start showing up on his balance sheet.

Profit after Tax FY11/12	N/A
Profit after Tax FY12/13	N/A
Profit after Tax FY13/14	N/A
Profit after Tax FY 14/15	N/A
Profit after Tax FY 15/16	N/A
Profit after Tax FY 16/17	N/A
Profit after Tax FY 17/18	N/A
Profit after Tax FY 18/19	N/A
Profit after Tax FY 19/20	N/A
Profit after Tax FY 20/21	N/A
Profit after Tax FY 21/22	N/A
Profit after Tax FY 22/23	N/A
Profit after Tax FY 23/24	N/A
Profit after Tax FY 24/25	N/A
Debt FY11/12	N/A
Debt FY12/13	N/A
Debt FY13/14	N/A
Debt FY14/15	N/A
Debt FY15/16	N/A
Debt FY16/17	N/A
Debt FY17/18	N/A
Debt FY18/19	N/A
Debt FY19/20	N/A
Debt FY20/21	N/A
Debt FY21/22	N/A
Debt FY22/23	N/A
Debt FY23/24	N/A
Debt FY24/25	N/A
Profit to Equity(%) FY11/12	N/A
Profit to Equity(%) FY12/13	N/A
Profit to Equity(%) FY13/14	N/A
Profit to Equity(%) FY14/15	N/A
Profit to Equity(%) FY15/16	N/A
Profit to Equity(%) FY16/17	N/A
Profit to Equity(%) FY17/18	N/A
Profit to Equity(%) FY18/19	N/A
Profit to Equity(%) FY19/20	N/A
Profit to Equity(%) FY20/21	N/A
Profit to Equity(%) FY21/22	N/A
Profit to Equity(%) FY22/23	N/A
Profit to Equity(%) FY23/24	N/A
Profit to Equity(%) FY24/25	N/A
Balance Sheet Size FY11/12	N/A
Balance Sheet Size FY12/13	N/A
Balance Sheet Size FY13/14	N/A
Balance Sheet Size FY14/15	N/A
Balance Sheet Size FY15/16	N/A
Balance Sheet Size FY16/17	N/A
Balance Sheet Size FY17/18	N/A
Balance Sheet Size FY18/19	N/A
Balance Sheet Size FY19/20	N/A
Balance Sheet Size FY20/21	N/A
Balance Sheet Size FY21/22	N/A
Balance Sheet Size FY22/23	N/A
Balance Sheet Size FY23/24	N/A
Balance Sheet Size FY24/25	N/A

Frequently Asked Questions

What is the equity intraday brokerage charge of First Demat?

The equity intraday brokerage charge for First Demat depends on their fee structure. Please refer to their official website.

What is delivery brokerage charge of First Demat?

First Demat charges brokerage for delivery trades. Check latest rates on their official website.

What is the options brokerage charge of First Demat?

Options brokerage charge varies. Visit First Demat official website for details.

What is DP charge of First Demat?

First Demat may apply DP charges. Check official website for exact details.

Does First Demat charge fixed brokerage?

First Demat may or may not have fixed brokerage. Please verify from official sources.

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