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Zerodha Vs Geojit – Compare Best Discount & Full Service Broker

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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.
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Geojit: 

  1. 1st  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
Zerodha Vs Geojit

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.

OverviewZerodhaGeojit Finance
Company TypePrivatePublic
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaMumbai, Maharashtra
FounderNithin KamathC. J. George &
A. P. Kurian
Established Year20101986

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.

Customer RatingsZerodhaGeojit Finance
On Experience5.7 out of 107.0 out of 10
On Products & Services8.5 out of 107.0 out of 10
On Brokerage Charges & Fees9.5 out of 106.0 out of 10
On Stock Research & Advisory4.0 out of 107.0 out of 10
On Trading Platforms9.0 out of 106.5 out of 10
On Overall Ratings7.4 out of 106.7 out of 10
Star Ratings★★★★★★★★☆☆

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.

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Demat ServicesZerodhaGeojit Finance
Depository SourceCDSLCDSL & NSDL
Account Opening ChargesRs.300Rs.350
Demat AMC ChargesRs.300 per AnnumRs.400 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.15,000
Offline to Online

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. 

Brokerage Charge & FeesZerodha Brokerage Geojit Finance Brokerage
Equity Delivery TradingZero0.30%
Equity Intraday TradingRs.200.03%
Commodity Options TradingRs.20NA
Equity Futures TradingRs.200.03%
Equity Options TradingRs.20 per LotRs.75 per lot
Currency Futures TradingRs.200.03%
Currency Options TradingRs.20 per LotRs.15 per lot
Minimum BrokerageZeroRs.15 per executed order
Demat AMC ChargesRs.300 per AnnumRs.400
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.15,0000

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. 

Other ChargesZerodhaGeojit Finance
Transaction Charges0.00325% of Total Turnover0.00311% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

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. 

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OffersZerodhaGeojit Finance
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: 

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

ServicesZerodhaGeojit Finance
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 10X

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.

Research & AdvisoryZerodhaGeojit Finance
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 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.

Exposure / LeverageZerodha MarginGeojit Finance Margin
Equity DeliveryMaximum 20xMaximum 1X
Equity IntradayMaximum 28xMaximum 10X
Equity FuturesMaximum 15xMaximum 4X
Equity OptionsMaximum 8xMaximum 5X
Currency FuturesMaximum 12xMaximum 4X
Currency OptionsMaximum 8xMaximum 5X
CommoditiesMaximum 17xMaximum 3X

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. 

ProductsZerodhaGeojit Finance
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

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.

Trading PlatformsZerodha Trading
Platforms
Geojit Finance
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

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. 

Customer SupportZerodhaGeojit Finance
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero145
Zerodha vs Geojit - Open Demat Account with Geojit
Zerodha vs Geojit – Open Demat Account with Geojit

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. 

Complaints (Current Year)ZerodhaGeojit Finance
Lodged in BSE120187
Resolved in BSE117176
Lodged in NSE89214
Resolved in NSE85198

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.

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