Lemonn Demat Account

Lemonn Demat Account 2026: ₹5 Brokerage Plan Review + Free ₹500 Waiver (Use Code: 1oxeeu)

Disclaimer: Sponsored blog post featuring referral program. Investments subject to market risks.

If you are searching for the best Demat account in India for 2026, your hunt ends here. Lemonn — the stock trading app backed by PeepalCo (parent of CoinSwitch) — has just launched an unbelievable ₹5 brokerage plan called Lemonn_IBT5_27303345. That’s right: Futures at ₹5, Options at ₹5, Equity Intraday at ₹5, and Equity Delivery at just ₹5 per order.

Traditional brokers charge 0.3% to 0.5% per trade, eating up your profits. With Lemonn’s flat fee model, you save thousands of rupees every single month. And today, I’m sharing my exclusive referral code: 1oxeeu that unlocks up to ₹500 brokerage waiver for new users.

Let’s dive deep into why Lemonn is the best discount broker in India, break down the new ₹5 plan, and show you exactly how to start your investing journey safely.

📌 What is a Demat Account? (Beginner’s Guide)

A Demat account (short for dematerialised account) is a digital vault that holds your shares, mutual funds, ETFs, and bonds electronically. Instead of physical share certificates (which could be lost, stolen, or forged), your holdings are securely stored with CDSL — India’s premier depository. Lemonn is a SEBI registered stock broker and a CDSL participant, ensuring your assets are safe under strict regulatory oversight.

Every Indian investor needs a Trading account (to buy/sell) and a Demat account (to hold securities). Lemonn combines both into one seamless, intuitive mobile app. You get paperless e-KYC that completes in under 5 minutes using just your PAN card and Aadhaar.

🔥 Lemonn’s New ₹5 Plan: Lemonn_IBT5_27303345

Created on May 5, 2026 at 03:45:39 PM, this plan is Active and arguably the most aggressive pricing in the Indian broking industry. Here’s the exact breakdown:

What does this mean for you?
On a ₹10,000 intraday trade, 0.625% would be ₹62.50, but Lemonn charges only the lower amount — which is ₹5 (absolute). So you pay just ₹5 regardless of trade size (subject to the percentage cap for very tiny trades, but for most retail trades, ₹5 wins). For F&O, it’s a clean ₹5 per order — no hidden percentage.

Compare this to traditional brokers who might charge ₹20-₹50 or 0.5%. Lemonn’s ₹5 plan is a game-changer for high-frequency traders, scalpers, and even long-term investors who want to accumulate shares in small lots.

🌟 Lemonn Infinity Plan: ₹0 Brokerage for 30 Days

If ₹5 still feels like a cost, Lemonn offers the Infinity Plan at just ₹99 for 30 days. Under this plan, you pay zero brokerage on unlimited trades across equity delivery, intraday, F&O, and MTF (Margin Trading Funding). After 30 days, you revert to your base plan (like Lemonn_IBT5_27303345). For active traders, those 30 days of ₹0 brokerage can boost your net P&L significantly.

Pro tip: Use my referral code 1oxeeu during signup to get ₹500 brokerage waiver — which essentially gives you your first 100 orders at ₹5 each absolutely free (₹500 ÷ ₹5 = 100 orders). That’s massive savings.

🚀 How to Open Lemonn Demat Account (Step by Step)

Follow these simple steps to start trading within minutes:

1. Download the Lemonn App – Available on Google Play Store (Android) and Apple App Store (iOS).
2. Click on “Open Account” – Enter your mobile number and email ID.
3. Complete e-KYC – Upload PAN card and Aadhaar. Use the OTP verification for instant in-person verification (IPV) – no physical paperwork needed.
4. Enter Referral Code – In the referral field, type 1oxeeu.
5. Link your Bank Account – Connect your savings account via UPI for seamless fund transfer.
6. Sign the agreement – Digital signature using Aadhaar OTP.
7. Start Trading – Once your account is activated (usually within 1-2 hours), you can add funds and place your first trade.

👉 Direct Signup Link: https://lemonn.co.in/affiliate-deeplink?data=1oxeeu

💡 Why Lemonn is the Best Demat Account for Different Investor Types

1. For F&O Traders (Futures & Options)

With ₹5 per order on Futures and Options, Lemonn undercuts almost every competitor. Zerodha charges ₹20 per order, Groww also ₹20. If you trade 10 options lots a day, you save ₹150 daily (₹15 vs ₹200). That adds up to ₹3,000+ per month. Over a year, you save enough to buy a new smartphone.

2. For Intraday Traders

Equity intraday at ₹5 (or 0.625%) is perfect for scalpers who place many small trades. Even if you trade 50 times a day, your total brokerage is just ₹250 – compared to ₹1,000+ at other discount brokers. Plus, Lemonn’s advanced charting tools with RSI, MACD, Bollinger Bands, and real-time market data help you make better decisions.

3. For Long-Term Investors (Delivery)

Equity delivery at ₹5 per order is a boon for SIP-style stock investing. Want to buy 1 share of Reliance every week? That’s ₹5 per buy. No percentage-based fee eating into your principal. Use the systematic purchase plan to accumulate blue-chip stocks, large cap funds, or index ETFs (Nifty 50, Sensex, Bank Nifty) without worrying about brokerage.

4. For Mutual Fund & IPO Investors

Lemonn also allows you to invest in direct mutual funds (no commission, lower expense ratio), ETFs, and IPOs. You can apply for SME IPOs and mainboard IPOs using UPI mandate with ASBA facility. Track your allotment status, listing gains, and buybacks all within the app.

5. For Algo & API Traders

Lemonn provides API trading access for algo traders. Build your own trading bot, use colocation services, or connect via third-party platforms. The API supports bracket orders, cover orders, and GTT (good till triggered) orders.

🔐 Security: Is Lemonn Safe for Your Hard-Earned Money?

Yes. Lemonn is ISO/IEC 27001:2022 certified – the gold standard for information security management. It uses two-factor authentication (2FA) for every login and trade. Your securities are held with CDSL (Central Depository Services Limited), and you can view your holdings directly on the CDSL portal using your BOID (Beneficial Owner Identification Number). Lemonn is also a member of NSE, BSE, and SEBI’s Investor Protection Fund.

Recent SEBI proposals in 2026 have further simplified nominee registration and BSDA (Basic Services Demat Account) norms, making it even safer for small investors. Lemonn complies with all KYC and AML (Anti Money Laundering) regulations.

📊 Lemonn vs Competitors (2026 Comparison)

Data compiled from SEBI reports and broker disclosures as of May 2026.

💰 Hidden Costs to Know (Statutory Charges)

No broker can avoid government levies. When you trade on Lemonn, you still pay:

• STT (Securities Transaction Tax) – payable to central government.
• GST – 18% on brokerage and exchange charges.
• SEBI Turnover Fees – ₹10 per crore (very small).
• Stamp Duty – varies by state (0.003% to 0.015%).
• Exchange Transaction Charges – NSE/BSE fees.

Use Lemonn’s in-app brokerage calculator before each order to see the exact total cost. There are no hidden surcharges.

📈 Top 10 Tips to Maximize Your Lemonn Account

1. Use the Infinity Plan if you trade more than 20 orders per month – ₹99 flat vs ₹5 each saves you money.
2. Activate price alerts for your watchlist so you never miss a breakout.
3. Consolidate orders – Instead of 10 separate buys of the same stock, buy in fewer orders to reduce flat fee impact.
4. Trade in delivery for long term – Even at ₹5, it’s cheaper than percentage-based brokers if you hold for >1 year.
5. Use stop loss – Lemonn supports SL-M (stop loss market) and SL-L (stop loss limit) orders.
6. Check margin requirements before entering F&O trades – Lemonn shows SPAN margin, exposure margin, and VaR margin.
7. Download contract notes – Keep them for 8 years for tax purposes (capital gains calculation).
8. Enable auto-square off – Lemonn squares off intraday positions at 3:20 PM sharp – don’t get caught.
9. Use CDSL Easiest – To pledge stocks for margin or transfer holdings offline.
10. Track your P&L – The app provides daily, monthly, and yearly P&L statements with tax harvesting reports.

❌ Potential Drawbacks (Honest Review)

• No currency or commodity trading – Lemonn focuses only on equity, F&O, mutual funds, and ETFs.
• No research advisory – You must do your own analysis or use third-party tools. Full-service brokers like HDFC Securities provide research reports, but they charge 50x more brokerage.
• ₹5 plan not available for all users by default – You need to be on the Lemonn_IBT5_27303345 plan, which may be invite-only or limited time. Use my referral code 1oxeeu to ensure you get the best active plan.

🌐 Additional Features You’ll Love

• Multi-device sync – Use the same account on mobile, tablet, and web dashboard.
• Watchlist sharing – Share your favorite stocks with friends.
• Dark mode – For comfortable night trading.
• Paper trading – Practice with virtual money before going live.
• Daily market wrap – Get a quick 2-minute video summary of market movers.
• Tax P&L reports – Ready to file ITR (income tax return) for traders and investors.
• Dividend tracker – Never miss a dividend payment.

✅ Final Verdict: Should You Open Lemonn Demat Account in 2026?

Absolutely yes, especially if you are:

• A retail investor looking for the lowest possible brokerage on F&O (₹5 per order is unbeatable).
• An intraday trader who places 10-50 trades daily.
• A long-term investor who wants to buy small quantities of stocks regularly without paying high percentage fees.
• A beginner who wants a simple, beautiful app with zero account opening fees and ₹500 waiver using my code 1oxeeu.

For high-volume professionals, Lemonn’s API and algo trading support make it a serious contender against even institutional platforms.

👉 Don’t wait – this ₹5 plan might be limited. Download Lemonn now, use code 1oxeeu, and get your ₹500 brokerage waiver instantly.

Click here to open your Lemonn Demat account for free →