First Demat Review 2026
First Demat review — multiple brokerage packs, brokerage starting at ₹20 per order, digital trading platforms and a wide range of investment options. make this short
About First Demat
First Demat is the trading name of AS Bullishify Private Limited. The company provides digital trading and investment services across equity markets, futures and options, IPO applications, mutual funds and other supported investment products. Its official website identifies the company as a SEBI-registered stockbroker with registration number INZ000328330 and lists NSE and BSE memberships. The website also displays MCX membership and AMFI registration details.
First Demat promotes an online trading platform with market insights, research summaries, option strategy tools, charting, technical indicators and smart alerts. Its platform information also highlights features such as trailing stop-loss, basket orders, chart-based order placement and AI-assisted market analysis. The availability of individual tools and investment products may depend on the current platform and account permissions.
The broker advertises free online account opening and brokerage of ₹20 per executed order or 0.1%, whichever is lower, on applicable segments. The supplied review states that Demat AMC is zero for the first year. Investors should compare the complete tariff, statutory levies, DP charges and customer support arrangements before opening an account.
| Broker type | Discount Broker |
|---|---|
| SEBI Registration | INZ000328330 |
| NSE Member code | 90479 (NSE membership number) |
| Net worth | 6952 |
| Year of incorporation | 2026 |
| Exchange membership | NSE · BSE · MCX |
| Account opening charge | ₹0 online; ₹500 offline |
| Demat AMC | ₹0 for the first year |
First Demat brokerage charges
| Segment | Brokerage |
|---|---|
| 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 | ₹20 per executed order |
| Equity Options | ₹20 per executed order |
First Demat trading platforms
First Demat Web Trading Platform Web
Browser-based trading access for managing trading and investment activities
First Demat Mobile Trading Mobile
Mobile access to the broker's trading and investment services
First Demat Android App Android
Mobile application listed in the supplied review
First Demat iOS App iPhone / iOS
iOS trading application listed in the supplied review
First Demat pros & cons
Pros
- Zero online account opening charges.
- Brokerage of ₹20 per executed order or 0.1%, whichever is lower, on applicable segments.
- ₹20 per executed order for equity futures and options, according to the official pricing page.
- Web and mobile trading platforms.
- AI-assisted market insights and research tools.
- Option strategy builder and multi-leg strategy tools.
- Charting and technical indicators.
- Trailing stop-loss and smart alerts.
- IPO application facilities.
- Mutual funds and ETFs, according to the supplied review and platform information.
Cons
- Brokerage and other fees should be checked against the applicable tariff and account conditions.
- Call & Trade and auto square-off services attract additional charges.
- Statutory taxes and exchange transaction charges apply separately.
- Zero Demat AMC is stated for the first year; charges after the first year should be confirmed.
- Current active-client figures and net worth have not been independently verified.
- Individual category ratings and review counts are unavailable.
- MTF is marked unavailable in the supplied review.
- A 3-in-1 account is marked unavailable in the supplied review.
- Some platform features and product availability require confirmation.
First Demat margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | Not verified | Not verified |
| Equity Intraday | Not verified | Not verified |
| Equity Futures | As per applicable exchange and broker requirements | Not verified |
| Equity Options | As per applicable exchange and broker requirements | Not verified |
| Currency Futures | Not verified | Not verified |
| Currency Options | Not verified | Not verified |
| Commodity Futures | Not verified | Not verified |
| Commodity Options | Not verified | Not verified |
First Demat ratings & reviews
How to open a First Demat account
First Demat offers online account opening through its website and digital platforms. Customers should complete the current application and KYC process as directed by the broker.
Visit the official website at https://firstdemat.com/.
Start the online account opening process.
Enter the requested personal details and contact information.
Provide PAN, accepted identity and address documents, bank details and other required KYC information.
Complete the applicable verification and electronic authentication steps.
Submit the application and wait for the broker's verification and activation confirmation.
After activation, log in to the supported web or mobile platform to access the services enabled for the account.
The exact documents and verification requirements depend on the account type and current regulatory requirements.
First Demat complaints (exchange data)
Complaints filed against First Demat at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025-26 | 5,00,000 | 80 | 0.016% |
| NSE | 2024-25 | 4,20,000 | 75 | 0.017% |
Compare First Demat with other brokers
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