Zerodha Vs Geojit – Compare Best Discount & Full Service Broker

Zerodha Vs Geojit – Comparison

Both Zerodha and Geojit offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.

It will lead him to a better decision making ability. Here we have compared Zerodha vs Geojit to highlight the areas where the investor needs to know & analyze more. 

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. 

GEOJIT is a full-service broker established in the year 1988. It is a member of BSE & NSE and participant with NSDL & CDSL. Being a very old company in the stockbroking industry Geojit provides an online stock trading facility in India with its 480 branches spread across India. 

Notable Points: 

Zerodha: 

1. Offers direct mutual fund investment using their portal for free. 
2. In association with IDFC, it provides 3-in-1 account facilities. 
3. The trading terminal is best among all the other market competitors.
4. It provides the best quality of customer support.
5. Facilitate free fund transfer using UPI.

Geojit: 

1. 1^st  company facilitates trade through Facebook.
2. Member of BSE & NSE.
3. Plays an important role in the NRI trading segment operated in gulf countries.
4. It has SEBI registration as act as a Direct participant. 
5. Charges minimum brokerage charge. 

Zerodha Vs Geojit Overall Company Details: 

Comparing Zerodha vs Geojit 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.

Zerodha Vs Geojit Customer Ratings:

Comparing Zerodha vs Geojit based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Geojit is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Comparison on AOC & AMC: 

Here we have compared Zerodha vs Geojit based on account opening charge & account maintenance charge. Here we can see from the below contrast that both Zerodha & Geojit provide free AMC on trading accounts.

Zerodha Vs Geojit Brokerage Charge:

Contrasting Zerodha vs Geojit based on Brokerage Charge we get the below details. Here we can see that Geojit offers a percentage based brokerage charge structure.

While Zerodha offers a flat fee-based brokerage charge @INR.20/-. Geojit charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Geojit as below. We can see that both the broker share a similar charge structure except for transaction charge criteria. In terms of transaction charges, Geojit is cheaper than Zerodha. 

Comparison on Offers: 

Contrasting Zerodha & Geojit we get the below comparison on offers. We here can see that in terms of offers Geojit is a step ahead of Zerodha for offering more offers. 

Comparison on Services Offered: 

Assessing Zerodha vs Geojit based on their service offering we derived the below comparison. These services always influence your trading experience.

Zerodha Vs Geojit Research & Advisory: 

Contrasting Zerodha vs Geojit based on their research & advisory offering we received the below comparison.

Here we can see in the below table that Geojit offers some advisory support, where Zerodha doesn’t provide any.

Zerodha Vs Geojit Margin/ Exposure/ Leverage

Considering Zerodha vs Geojit based on product-wise leverage we get the below details. Almost all the margin rates are different in these broking organizations.

Comparison on Products: 

Comparing Zerodha vs Geojit based on their product offering we derived the below comparison. We can see in this below comparison that Geojit provides more number of products to their investors than Zerodha. 

Zerodha Vs Geojit Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Geojit, we compared them as below. These trading platforms help you to access your trading account from anywhere.

Comparison on Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs Geojit as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Geojit doesn’t facilitate 24×7 support & chat support. 

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 Geojit based on their customer complaint handling in the below table. 

Zerodha Call Back Request

Conclusion:

Finally, we can conclude that Geojit (full-service broker) has a huge offering for its customers. 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 Geojit as per his need only.