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.
- 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.
- Online trading terminals are free for use.
- No cost required to open an account
- One single trading platform for all kinds of trading.
- It has minimum marginal deposit criteria.
- Offers to trade in a mutual fund but not SIP.
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.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Bangalore, India||Mumbai, India|
|Founder||Nithin Kamath||Niranjan Mahajan, |
Rudasan R K
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 Ratings||Zerodha||Profitmart Securities|
|Products & Services||8.5/10||7.0/10|
|Brokerage Charges & Fees||9.5/10||6.8/10|
|Stock Research & Advisory||4.0/10||7.0/10|
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 Services||Zerodha||Profitmart Securities|
|Account Opening Charges||Rs.300||Zero|
|Demat AMC Charges||Rs.300 per Annum||Rs 999 One Time Fee|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum 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.
Whereas, Zerodha charges a flat fee-based brokerage fee & zero minimum brokerage charge.
|Brokerage Charge & Fees||Zerodha Brokerage||Profitmart Securities |
|Equity Delivery Trading||Zero||0.30%|
|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.25 per lot|
|Currency Futures Trading||Rs.20||0.01%|
|Currency Options Trading||Rs.20 per Lot||Rs.25 per lot|
|Minimum Brokerage||Zero||0.01% for transaction|
|Demat AMC Charges||Rs.300 per Annum||Free|
|Trading AMC Charges||Free||Free|
|Margin Money||Zero||Minimum 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 Charges||Zerodha||Profitmart Securities|
|Transaction Charges||0.00325% of Total Turnover||0.00325% 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)|
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.
|Free Demat Account||✖||✖|
|Free Trading Account||✖||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|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.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||Profitmart Securities|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
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 / Leverage||Zerodha Margin||Profitmart Securities Margin|
|Equity Delivery||Maximum 20x||Maximum 2X|
|Equity Intraday||Maximum 28x||Maximum 6X|
|Equity Futures||Maximum 15x||Maximum 3X|
|Equity Options||Maximum 8x||Maximum 2X|
|Currency Futures||Maximum 12x||Maximum 2X|
|Currency Options||Maximum 8x||Maximum 3X|
|Commodities||Maximum 17x||Maximum 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.
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 Platforms||Zerodha||Profitmart 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||✖||✖|
|Online MF Buy||✔||✖|
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 Support||Zerodha||Profitmart Securities|
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)||Zerodha||Profitmart Securities|
|Lodged in BSE||120||0|
|Resolved in BSE||117||0|
|Lodged in NSE||89||3|
|Resolved in NSE||85||3|
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.