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Zerodha Vs ProfitMart Securities – Comparison

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Zerodha Vs ProfitMart Securities – Comparison:

Comparing Zerodha vs ProfitMart Securities in terms of all product-wise details which are essential for every investor we get the 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, Profit Mart Securities started its journey on 2010 based in Mumbai.

Today it is an official member of NSE, BSE, and MCX with registration as a depository participant of CDSL. It provides free account opening and complete clarity into the trading experience.

Notable Features: 

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.
Related Post:   Zerodha Vs Prostocks – Comparison

ProfitMart Securities: 

  1. Online trading terminals are free for use. 
  2. No cost required to open an account
  3. One single trading platform for all kinds of trading. 
  4. It has minimum marginal deposit criteria. 
  5. Offers to trade in a mutual fund but not SIP. 
Zerodha Vs ProfitMart Securities Comparison

Comparison on Overall Organisation Overview: 

In terms of organizational overview, we here have compared Zerodha vs ProfitMart Securities based on company type, broker category, establishment year, founder, etc.

OverviewZerodhaProfitmart Securities
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaMumbai, India
FounderNithin KamathNiranjan Mahajan,
Nayan Bhandari,
Rudasan R K
Established Year20102010

Comparison of Customer Rating: 

Considering the customer ratings, we have compared Zerodha and Profitmart Securities as here below.

We can derive from the below table that Zerodha is backward in terms of experience and research reporting. Whereas in remaining fields like trading platforms and charges Profitmart Securities is lacking the points.

Customer RatingsZerodhaProfitmart Securities
Experience5.7/106.2/10
Products & Services8.5/107.0/10
Brokerage Charges & Fees9.5/106.8/10
Stock Research & Advisory4.0/107.0/10
Trading Platforms9.0/107.0/10
Overall Ratings7.4/106.8/10
Star Ratings★★★★★★★★☆☆

Zerodha Vs ProfitMart AOC & AMC: 

Comparing Zerodha and Profitmart Securities based on AOC & AMC we get the below details. Here we can see that trading AMC is free at both Zerodha and Profitmart Securities.

Whereas, the remaining like account opening charge is chargeable at Zerodha and free at Profitmart Securities.

Demat ServicesZerodhaProfitmart Securities
Depository SourceCDSLCDSL
Account Opening ChargesRs.300Zero
Demat AMC ChargesRs.300 per AnnumRs 999 One Time Fee
Trading AMC ChargesFreeFree
Margin MoneyZeroMinimum 10,000
Offline to Online

Zerodha Vs ProfitMart Brokerage Charge: 

Zerodha vs Profitmart Securities is hereby compared based on their brokerage fee structure. Profitmart Securities offers a percentage-based brokerage charge structure & minimum brokerage charge to its customer.

Related Post:   ProfitMart Margin Calculator Online – Calculate Exposure

Whereas, Zerodha charges a flat fee-based brokerage fee & zero minimum brokerage charge. 

Brokerage Charge & FeesZerodha BrokerageProfitmart Securities
Brokerage
Equity Delivery TradingZero0.30%
Equity Intraday TradingRs.200.01%
Commodity Options TradingRs.200.01%
Equity Futures TradingRs.200.01%
Equity Options TradingRs.20 per LotRs.25 per lot
Currency Futures TradingRs.200.01%
Currency Options TradingRs.20 per LotRs.25 per lot
Minimum BrokerageZero0.01% for transaction
Demat AMC ChargesRs.300 per AnnumFree
Trading AMC ChargesFreeFree
Margin MoneyZeroMinimum 10,000

Comparison of Other Charges:

Comparing Zerodha vs Profitmart Securities based on other charges we get this below-mentioned information. Here we can see that charges of both Profitmart Securities & Zerodha are similar in all segments. 

Other ChargesZerodhaProfitmart Securities
Transaction Charges0.00325% of Total Turnover0.00325% 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: 

Considering the offers and discount we have compared Zerodha and Profitmart Securities as below. So many offerings are there like a discount on brokerage and much more.

OffersZerodhaProfitmart Securities
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: 

Based on service offering we can compare Zerodha vs Profitmart Securities as below. The service offering of Profitmart Securities is more than Zerodha. So many services are provided by these organizations. These services can make your trading experience better than before.

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ServicesZerodhaProfitmart Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 20x

Comparison on Research Reports: 

We here have compared Zerodha vs Profitmart Securities based on the research and advisory support. It is clear from the below table that Zerodha doesn’t offer such support whereas Profitmart Securities offers enough reports to their customer.

Research & AdvisoryZerodhaProfitmart Securities
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 ProfitMart Margin: 

Comparing Zerodha vs Profitmart Securities on leverages we received the below-mentioned information. Almost all of the margin charges are different in these two companies. But these rates can influence your trading revenue.

Exposure / LeverageZerodha MarginProfitmart Securities Margin
Equity DeliveryMaximum 20xMaximum 2X
Equity IntradayMaximum 28xMaximum 6X
Equity FuturesMaximum 15xMaximum 3X
Equity OptionsMaximum 8xMaximum 2X
Currency FuturesMaximum 12xMaximum 2X
Currency OptionsMaximum 8xMaximum 3X
CommoditiesMaximum 17xMaximum 2X

Comparison of Products: 

In light of product offering, we get this below information comparing Zerodha vs Profitmart Securities. We can see in the below table that both Zerodha and Profitmart Securities offer the same number of products to their customer.

ProductsZerodhaProfitmart Securities
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Comparison on Trading Platform: 

The trading platform is a very noteworthy point for investors to consider. In this age of digitization, investors used to invest online as per their convenient time and appliance.

Zerodha & Profitmart Securities both facilitate different trading terminals to attract the customer. Here we have compared the above both brokers.

Trading PlatformsZerodhaProfitmart Securities
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 Assistance: 

Comparing Zerodha vs Profitmart Securities based on customer support we derived this below information.

Here we can see that personal dealer is available in Profitmart Securities but Zerodha doesn’t offer that service. While 24X7 support facilities & chat support are not assured by Profitmart Securities but Zerodha provides those. 

Customer SupportZerodhaProfitmart Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero16
open profitmart demat account

Comparison of Complaints Handled:

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 Profitmart Securities based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaProfitmart Securities
Lodged in BSE120
Resolved in BSE117
Lodged in NSE893
Resolved in NSE853
open zerodha demat account

Conclusion: 

Finally, we can say that discount broker Zerodha vs Profitmart Securities is market competitors, stockbroker segments & both offer many similar facilities and many countering services also.

But an individual needs to learn the feature of each broker so that they can take a wise decision to invest their hard-earned money.

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