Zerodha Vs Astha Trade – Comparison:
Comparing Zerodha vs Astha Trade in terms of all product-wise details which are essential for every investor we get a detailed study. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.
Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
On the other hand, Bhopal based discount broker Astha Trade, listed under BSE, NSE, NCDEX & MCX-SX started its journey in 2003. It is a renowned name in the stockbroking industry.
Notable Features:
Zerodha:
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
Astha Trade:
- The AMC for trading & AMC for the DEMAT account is zero.
- The commodity trading option is unavailable.
- Higher in transaction charges.
- The trading terminal is not up to date.
- Holiday & referral offers on brokerage are available.
Zerodha Vs Astha Trade Overall Company Details:
Comparing Zerodha vs Astha Trade based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
Overview | Zerodha | Astha Trade |
Company Type | Private | Private |
Broker Type | Discount Broker | Full-Service Broker |
Headquarters | Bangalore, India | Bhopal, Madhya Pradesh |
Founder | Nithin Kamath | Saksham Dumra |
Established Year | 2010 | 2005 |
Comparison on Customer Ratings:
Comparing Zerodha vs Astha Trade based on Customer Ratings we get this information.
Here we can see that regarding experience & research work, Astha Trade is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.
Customer Ratings | Zerodha | Astha Trade |
On Experience | 5.7 out of 10 | 5.8 out of 10 |
On Products & Services | 8.5 out of 10 | 6.1 out of 10 |
On Brokerage Charges & Fees | 9.5 out of 10 | 5.9 out of 10 |
On Stock Research & Advisory | 4.0 out of 10 | 6.0 out of 10 |
On Trading Platforms | 9.0 out of 10 | 6.2 out of 10 |
On Overall Ratings | 7.4 out of 10 | 6.0 out of VVVVV10 |
On Star Ratings | ★★★★★ | ★★★☆☆ |
Zerodha and Astha Trade AOC & AMC:
Here we have compared Zerodha and Astha Trade based on account opening charge & account maintenance charge. Here we can see from the below contrast that Zerodha offers free AMC on the trading account along with zero margin money criteria.
Whereas, Astha Trade provides free trading AMC only.
Demat Services | Zerodha | Astha Trade |
Depository Source | CDSL | CDSL & NSDL |
Account Opening Charges | Rs.300 | Rs.650 |
Demat AMC Charges | Rs.300 per Annum | Rs.300 per Annum |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.5,000 |
Offline to Online | ✖ | ✔ |
Zerodha Vs Astha Trade Brokerage Charge:
Contrasting Zerodha vs Astha Trade based on Brokerage Charge we get the below details. Here we can see that Astha Trade offers a percentage based brokerage charge structure.
While Zerodha has a very economical flat fee-based brokerage charge. Astha Trade charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.
Brokerage Charge & Fees | Zerodha Brokerage | Astha Trade Brokerage |
Equity Delivery Trading | Zero | 0.10% |
Equity Intraday Trading | Rs.20 | 0.01% |
Commodity Options Trading | Rs.20 | 0.01% |
Equity Futures Trading | Rs.20 | 0.01% |
Equity Options Trading | Rs.20 per Lot | Rs.10 per lot |
Currency Futures Trading | Rs.20 | 0.01% |
Currency Options Trading | Rs.20 per Lot | Rs.10 per lot |
Minimum Brokerage | Zero | Rs.10 per executed order |
Demat AMC Charges | Rs.300 per Annum | Rs.300 |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.5,000 |
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs Astha Trade as below.
We can see that both the broker share a similar charge structure excluding transaction charge criteria. In these criteria, Zerodha is expensive than Astha Trade.
Other Charges | Zerodha | Astha Trade |
Transaction Charges | 0.00325% of Total Turnover | 0.00280% of Total Turnover |
STT | 0.0126% of Total Turnover | 0.0126% of Total Turnover |
SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover |
Stamp Duty | Depends on State (very minimal) | Depends on State (very minimal) |
GST | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) |
Zerodha or Astha Trade Offers:
Contrasting Zerodha or Astha Trade we get the below comparison on offers. We here can see that in terms of offers Astha Trade is offering more offers than Zerodha.
Offers | Zerodha | Astha Trade |
Free Demat Account | ✖ | ✖ |
Free Trading Account | ✖ | ✖ |
Discount on Brokerage | ✔ | ✔ |
Trading Happy Hours | ✖ | ✖ |
Flexible Brokerage Plans | ✖ | ✔ |
1 Month Brokerage Free | ✖ | ✖ |
Holiday Offers | ✖ | ✔ |
Referral Offers | ✖ | ✔ |
Zero Brokerage for Loss Making Trades | ✖ | ✖ |
Comparison on Services Offered:
Comparing Zerodha vs Astha Trade based on their service offering we derived the below comparison:
Services | Zerodha | Astha Trade |
Demat Services | ✔ | ✔ |
Trading Services | ✔ | ✔ |
3 in 1 Account | ✖ | ✖ |
Intraday Services | ✔ | ✔ |
IPO Services | ✔ | ✔ |
Stock Recommendations | ✖ | ✖ |
Robo Advisory | ✖ | ✖ |
PMS | ✖ | ✖ |
Trading Institution | ✖ | ✖ |
Trading Exposure | Maximum 28x | Maximum 10X |
Zerodha Vs Astha Trade Research & Advisory:
Contrasting Zerodha vs Astha Trade based on their research & advisory offering we received the below comparison. Here we can see in the below table that Astha Trade offers different advisory supports, where Zerodha doesn’t provide any.
Research & Advisory | Zerodha | Astha Trade |
Fundamental Reports | ✖ | ✖ |
Research Reports | ✖ | ✖ |
Company Reports | ✖ | ✖ |
Annual Reports | ✖ | ✖ |
Company Stock Review | ✖ | ✖ |
Free Stock Tips | ✖ | ✔ |
IPO Reports | ✖ | ✖ |
Top Picks | ✖ | ✔ |
Daily Market Review | ✖ | ✔ |
Monthly Reports | ✖ | ✖ |
Weekly Reports | ✖ | ✖ |
Offline Advisory | ✖ | ✖ |
Relationship Manager | ✖ | ✖ |
Zerodha Vs Astha Trade Margin/ Exposure/ Leverage
Considering Zerodha vs Astha Trade based on product-wise leverage we get the below details.
Exposure / Leverage | Zerodha Margin | Astha Trade Margin |
Equity Delivery | Maximum 20x | Maximum 3X |
Equity Intraday | Maximum 28x | Maximum 10X |
Equity Futures | Maximum 15x | Maximum 4X |
Equity Options | Maximum 8x | Maximum 6X |
Currency Futures | Maximum 12x | Maximum 4X |
Currency Options | Maximum 8x | Maximum 6X |
Commodities | Maximum 17x | Maximum 5X |
Comparison of Products:
Assessing Zerodha vs Astha Trade based on their product offering we derived the below comparison. We can see in this below comparison that both Astha Trade & Zerodha offers the same products to their investors.
Products | Zerodha | Astha Trade |
Equity Trading | ✔ | ✔ |
Commodity Trading | ✔ | ✔ |
Currency Trading | ✔ | ✔ |
Options | ✔ | ✔ |
Futures | ✔ | ✔ |
Mutual Funds | ✖ | ✖ |
Forex | ✖ | ✖ |
Banking | ✖ | ✖ |
SIP | ✖ | ✖ |
Insurance | ✖ | ✖ |
Zerodha Vs Astha Trade Trading Platforms:
Because of the trading terminal offering of Zerodha vs Astha Trade, we compared them as below.
Trading Platforms | Zerodha Trading Platforms | Astha Trade Trading Platforms |
Desktop Platform – Windows | ✔ | ✔ |
Desktop Platform – Mac | ✔ | ✔ |
Desktop Browser Platform | ✔ | ✔ |
Mobile Site Platform | ✔ | ✔ |
Android App Platform | ✔ | ✔ |
iOS App Platform | ✔ | ✔ |
Windows App Platform | ✖ | ✖ |
Other Mobile OS Platform | ✖ | ✖ |
Real-time Updates | ✔ | ✔ |
Portfolio Details | ✔ | ✔ |
Online MF Buy | ✔ | ✖ |
News Flash | ✔ | ✔ |
Research Reports | ✔ | ✖ |
Easy Installation | ✔ | ✔ |
Global Indices | ✔ | ✔ |
Stock Tips | ✔ | ✖ |
Personalized Advisory | ✔ | ✖ |
Interactive Charts | ✔ | ✔ |
Live Markets | ✔ | ✔ |
SMS Alerts | ✔ | ✖ |
Email Alerts | ✔ | ✖ |
Multi-Account Management | ✔ | ✖ |
Zerodha & Astha Trade Customer Support:
Comparing customer assistance, we here have compared Zerodha vs Astha Trade as below. We can see from the below chart that both Zerodha & Astha Trade doesn’t provide dedicated dealers, offline trading (as it is a discount broker)& toll-free number.
Apart from that Astha Trade doesn’t facilitate 24X7 support also.
Customer Support | Zerodha | Astha Trade |
Dedicated Dealer | ✖ | ✖ |
Offline Trading | ✖ | ✖ |
Online Trading | ✔ | ✔ |
24*7 Support | ✔ | ✖ |
Email Support | ✔ | ✔ |
Chat Support | ✔ | ✖ |
Toll-Free Number | ✖ | ✖ |
Branches | Zero | 118 |
Comparison of Grievances:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs Astha Trade based on their customer complaint handling in the below table.
Complaints (Current Year) | Zerodha | Astha Trade |
Lodged in BSE | 120 | 35 |
Resolved in BSE | 117 | 35 |
Lodged in NSE | 89 | 48 |
Resolved in NSE | 85 | 46 |
Conclusion:
Finally, we can conclude that Astha Trade (discount broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers.
Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Astha Trade as per his need only.