Firstock Demat Account Charges, Review, Opening

Founded in 2021 by Vikram A.V., Firstock is a discount broker in India, offering seamless online trading and investment services. It operates as an app-based investment platform focused on technology-driven solutions for capital market assets. The company is located in Bengaluru, India.

Its Demat account allows investors to securely hold and manage their shares, F&O, ETFs, and more. Opening an account with Firstock is quick and paperless, making it ideal for both new and experienced investors.

They charge zero account opening or maintenance fees, zero brokerage on equity delivery, and only a flat Rs 20 per order for F&O and intraday trades. Simple, affordable, and user‑friendly.

Key Features of Firstock’s Demat Account

• Trade in Stocks, F&O, Sovereign Gold Bonds (SGBs), Government Securities and ETFs all from a single platform.Flat Fee Trading: Just ₹20 per order for F&O and Intraday trades.
• Zero-Cost Services: No account opening, AMC, equity delivery.
• Refer & Earn: Users can get 10% of the brokerage generated from every referral.
• Advanced Trading Tools: Access state‑of‑the‑art charts and indicators for making informed investment decisions.
• Instant Settlement: 100% of sale proceeds are credited instantly.
• Global Investment Opportunities: Users can invest in both Indian and global ETFs.
• Simple & Transparent Pricing: Firstock emphasises transparency in its pricing structure, with no hidden fees.
• Instant Account Opening: Users can open a demat account instantly.

How to Open a Firstock Demat Account?

Investors can open a Demat account with Firstock in two ways:

Firstock Demat Account Opening Process Online:

1. Visit Firstock website/app - click “Open an Account”
2. Verify mobile & email via OTP
3. Enter PAN, DOB, and link Aadhaar via Digilocker/OTP for e‑KYC
4. Fill personal/trading details (name, status, experience)
5. Select segments (Equity, MF, F&O, etc.) & accept disclosures
6. Link bank account via UPI or IFSC/MICR & verify with OTP
7. Upload documents (PAN, signature, income proof if F&O)
8. Add nominee details, accept declarations & bank proof via OTP
9. Capture live photo & e‑sign via Aadhaar OTP
10. Review & submit — login credentials arrive via email within ~24 hours.

Firstock Demat Account Opening Process Offline

1. Download and fill out the forms: Get the account opening, KYC, and DDPI forms.
2. Attach documents: PAN, address proof, bank proof, photo, signature, and income proof (for F&O).
3. Send soft copy: Email scanned documents to sales@thefirstock.com for review.
4. Courier originals: Dispatch signed forms and documents to Firstock’s Bengaluru office.
5. Complete IPV: Do a video call (or in‑person) for verification.
6. Account activation: You will receive login details via email within a few working days.

Firstock Demat Account Charges

Firstock Demat Account Login

1. Go to the Firstock website or open the Firstock app.
2. Click on “Login”.
3. Enter your User ID and Password received via email.
4. Complete the two‑factor authentication (OTP sent to registered mobile/email).
5. Click “Submit” to access your account.

Firstock Demat Account Close

Investors have to first download the Firstock account closure form.

1. Fill Account Details: Enter DP ID, Client ID, and trading account details.
2. Mention Closure Type: Tick the box for Trading, Demat, or Both.
3. List Remaining Securities: If any, attach an annexure for securities to be transferred, or mark as Not Applicable.
4. State Reason for Closure: Choose and tick the relevant reason.
5. Sign the Form: All account holders must sign as per the account records.
6. Submit the Form: Courier or send it to the Firstock office.
7. Receive Acknowledgement: The account will be closed within a few working days after verification

Firstock Demat Refer and Earn

FirstStock Refer and Earn offers a simple way for investors to earn extra income by referring friends to open a Demat account and trade. You earn 10% of the brokerage generated from their trades. The more referrals you make, the more passive income you can build, with no extra cost or effort.

Firstock Demat Charges

Firstock trading and demat account opening fees are Rs 0 (Free). Firstock charges Rs 0 (Free) per year demat account AMC. Firstock demat debit transaction fee of Buying is Nil | Sell-Rs 8 + Rs.5.50 (CDSL Charges) per debit transaction.