📣 First Demat — Open a First Demat account online for free and explore trading, AI insights, IPOs, mutual funds and derivatives. Open account →

Is First Demat Safe?

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

Discount Broker Clients: 500 Since 2026 NSE · BSE · MCX
5/5
Overall rating
Written By: The Top Stock Broker Last Updated: SEBI data verified

Is First Demat safe?

First Demat is a SEBI-registered stockbroker, a member of NSE · BSE · MCX operating since 2026. Your shares are held by the depository (CDSL/NSDL) in your own name — not by the broker.

Safety factorFirst Demat
SEBI registrationINZ000328330
Exchange membershipsNSE · BSE · MCX
Year of incorporation2026
Net worth6952
Latest exchange complaint ratio0.016% (NSE 2025-26)

How your money is protected

  • Shares sit in your CDSL/NSDL demat account in your name — not on the broker's books.
  • Investor Protection Fund at NSE/BSE covers claims if a broker defaults, up to prescribed limits.
  • Quarterly settlement of running accounts is mandated by SEBI — idle funds return to your bank.
  • Segregation of client funds from the broker's own funds is a SEBI requirement.
Safe broker ≠ safe investment. SEBI registration protects you from broker default and fraud — not from market losses.

Compare First Demat with other brokers

First Demat vs Zerodha First Demat vs Groww First Demat vs Bajaj Broking First Demat vs Upstox First Demat vs ICICI Direct First Demat vs Kotak Neo First Demat vs HDFC Securities First Demat vs SBI Securities First Demat vs Motilal Oswal First Demat vs Paytm Money First Demat vs Mirae Asset Sharekhan First Demat vs Axis Direct First Demat vs 5paisa First Demat vs Choice Broking First Demat vs m.Stock First Demat vs Sahi First Demat vs FYERS Securities First Demat vs SMC Global First Demat vs Anand Rathi First Demat vs Jainam Broking Limited First Demat vs Angel One

More about First Demat

First Demat BrokerageFull fee & tax breakdown First Demat DematCharges, AMC & BO ID First Demat CalculatorEstimate your trade costs First Demat MTFInterest, leverage & risk
The Top Stock Broker
Written by
The Top Stock Broker
Author
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.