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There is no rule of thumb to define the best trading and demat account as such. It all depends on the need of investor or trader. However, in general, the basic aim of any trader is to cut down the cost of trading to get maximum profit out of trade. With that point in mind, we need to look for low brokerage trading and demat account. As far as demat account is concerned, there is no good or bad service provider. All you have to look is the demat account with the lowest account opening charges and no AMC.
For trading Account, the things to keep in mind are the lowest brokerage, updated trading platforms, better customer service etc.
The point to be noted here is that only demat account is not allowed with any broker. You have to open both- trading and demat account together. So keeping all these factors in mind, we suggest you go with the discount brokers.