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Zerodha vs Finvasia Comparison

Zerodha vs Finvasia Detailed Comparison

 

This is a comparison between two brokers: a discount broker, Zerodha and a zero brokerage broker, Finvasia. These are analyzed below but before comparing,  let’s have a quick look at the short introduction of both firms.

ZERODHA

Zerodha, an Indian financial service company which was formed in 2010 by Nithin and Nikhil Kamnath. Zerodha is headquartered in Bangalore and has its presence in major cities across the country. They provide traders to trade in different segments including equity, commodity, F&O, currency trading, and mutual funds. They offer two main platforms, KITE and PI, for all devices and lastly, COIN (for commission-free direct Mutual Fund). They are registered with BSE, NSE, MCX, and MCX-SX.

FINVASIA

Finvasia, on the other hand, is a zero brokerage broker, enabling both retail as well as institutional clients to trade in all segments such as Equity (Delivery and Intraday), Currency, F&O, and Commodity with zero brokerage. They also offer Mutual Funds, IPOs, debts.  They provide free of cost in-house trading platform, Scalpert, which is easily accessible on all devices. Other platforms are also available such as free NSE NOW, free BSE BEST, paid Omnesys NEST, paid AlgoTrading Presto. They are registered with BSE, NSE, MCX, and NCDEX.

The comparison between these two discount is tabulated below:

 

 Account Opening Charges and Annual Maintenance Charges (AMC)

 

 

Zerodha

Finvasia logo

Trading Account Opening Fees

Rs. 200

Rs. 0

Trading AMC

Rs. 0

Rs. 0

Demat Account Opening Fees

Rs. 100

Rs. 0

Demat AMC

Rs. 300/year
(Annual)

Rs. 0

Provide DP Services

YES

YES

 

Brokerage Charges

 

 

Zerodha

Finvasia logo

Plan Name

Rs. 20/executed order plan

Zero Brokerage Plan

Equity Delivery

Rs. 0

Rs. 0

Equity Intraday

0.01% or Rs. 20
per executed order whichever is lower

Rs. 0

Equity Futures

0.01% or Rs. 20
per executed order whichever is lower

Rs. 0
Equity Options

0.01% or Rs. 20
per executed order whichever is lower

Rs. 0

Currency Futures

0.01% or Rs. 20
per executed order whichever is lower

Rs. 0

Currency Options

0.01% or Rs. 20
per executed order whichever is lower

Rs. 0

Commodity Trading 0.01% or Rs. 20
per executed order whichever is lower

Rs. 0

 

 Transaction Charges

 

 

Zerodha

Finvasia logo
Equity Delivery

Rs. 325 per crore

Rs. 325 per crore
Equity Intraday

Rs. 325 per crore

Rs. 325 per crore

Equity Futures

Rs. 210 per crore Rs.190 per crore

Equity Options

Rs. 5300 per crore

Rs. 5000 per crore

Currency Futures

Rs. 135 per crore

Rs. 115 per crore

Currency Options

Rs. 4400 per crore

Rs. 4000 per crore

Commodity Trading 0.0031% (Non-Agri.)
0.00175% (Agri.)

Rs. 260 per crore

 

Trading Features

 

  Zerodha

Finvasia logo

3-in-1 Account Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3
Automated Trading Image result for tick emoji Image result for tick emoji
After Trading Hour Orders Image result for tick emoji Image result for tick emoji
Charting Image result for tick emoji Image result for tick emoji
Good Till Cancelled (GTC) Image result for tick emoji Image result for tick emoji
SMS Alerts Cross Mark on Apple iOS 11.3

End of Day

(EOD) only

Online Demo Image result for tick emoji Image result for tick emoji
Online Portfolio Image result for tick emoji Image result for tick emoji
NRI Trading Image result for tick emoji Image result for tick emoji
Combined Ledger for Equity and Commodity Image result for tick emoji Image result for tick emoji
Margin Trading Funding Available Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3

 

Trading Platform

 

 

Zerodha

Finvasia logo

Web Trading Platform Image result for tick emoji Image result for tick emoji
Desktop Platform (Windows) Image result for tick emoji Image result for tick emoji
Desktop Platform (Mac) Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3
Mobile Trading (Android) Image result for tick emoji Image result for tick emoji
Mobile Trading (iOS) Image result for tick emoji Image result for tick emoji
iPad App (iOS) Image result for tick emoji Image result for tick emoji

 

Investment Services

 

 

Zerodha

Finvasia logo

Equity Cash and F&O Image result for tick emoji Image result for tick emoji
Currency Derivative Image result for tick emoji Image result for tick emoji
Commodity

Image result for tick emoji

Image result for tick emoji
IPO Image result for tick emoji
(Indirectly)
Image result for tick emoji
Mutual Funds Image result for tick emoji Image result for tick emoji
Bonds Cross Mark on Apple iOS 11.3 Image result for tick emoji
Debt Cross Mark on Apple iOS 11.3 Image result for tick emoji
ETF Image result for tick emoji Image result for tick emoji
Banking Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3
Insurance Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3
SIP Investment Image result for tick emoji Image result for tick emoji

 

Client Support

 

 

Zerodha

Finvasia logo

Email Support Image result for tick emoji Image result for tick emoji
Online Live Chat Cross Mark on Apple iOS 11.3 Image result for tick emoji
Phone Support Image result for tick emoji Image result for tick emoji
Toll Free Number Cross Mark on Apple iOS 11.3 Image result for tick emoji
Through Branches Image result for tick emoji Cross Mark on Apple iOS 11.3
24/7 Customer Service Cross Mark on Apple iOS 11.3 Cross Mark on Apple iOS 11.3

 

 

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