Zerodha Vs Trade Bulls – Comparison

Zerodha Vs Trade Bulls

Both Zerodha and Trade Bulls 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 Trade Bulls 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. 

On the other side, Trade Bull Securities a Mumbai centered full-service broker established in 2009. Known for facilitating free trading & DEMAT account & other different amenities, it is one of the most famous stockbrokers of 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.

Trade Bulls Securities:

  1. Zero cost trading account
  2. Zero cost  DEMAT account
  3. Forex trading facility available. 
  4. Trading account maintenance is free.
  5. Discount on Brokerage charges.  
Zerodha Vs Trade Bulls Comparison

Comparison of Overall Company Details: 

Comparing Zerodha vs Trade Bulls 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.

OverviewZerodhaTradebulls Securities
Company TypePrivatePrivate
Broker TypeDiscount BrokerFull-Service Broker
HeadquartersBangalore, IndiaMumbai
FounderNithin KamathMr.Dinesh Thakkar
Established Year20102009

Zerodha Vs Trade Bulls Customer Ratings:

Comparing Zerodha vs Trade Bulls Securities based on Customer Ratings we get this information.

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

Customer RatingsZerodhaTradebulls Securities
Experience5.7 out of 107.0 out of 10
Products & Services8.5 out of 107.6 out of 10
Brokerage Charges & Fees9.5 out of 107.8 out of 10
Stock Research & Advisory4.0 out of 106.6 out of 10
Trading Platforms9.0 out of 106.8 out of 10
Overall Ratings7.4 out of 107.2 out of 10
Star Ratings★★★★★★★★☆☆

Comparison on AOC & AMC: 

Here we have compared Zerodha vs Trade Bulls Securities based on account opening charge & account maintenance charge. Here we can see from the below contrast that Trade Bulls Securities provides free AMC on trading accounts. Whereas, Zerodha provides free trading AMC and zero margin money criteria. 

Demat ServicesZerodhaTradebulls Securities
Depository SourceCDSLCDSL
Account Opening ChargesRs.300Free or Rs.299
Demat AMC ChargesRs.300 per AnnumFree or Rs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.0 – Rs.300,000
Offline to Online

Zerodha Vs Trade Bulls Brokerage Charge:

Comparing Zerodha vs Trade Bulls Securities based on Brokerage Charge we get the below details.

Here we can see that Trade Bulls Securities offers a percentage based brokerage charge structure. While Zerodha has a very economical flat fee-based brokerage charge. Trade Bulls charge a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha Brokerage Tradebulls Securities Brokerage
Equity Delivery TradingZero0.10% – 0.30%
Equity Intraday TradingRs.200.010% – 0.030%
Commodity Options TradingRs.200.010% – 0.030%
Equity Futures TradingRs.200.010% – 0.030%
Equity Options TradingRs.20 per LotRs.50 – Rs.80 per Lot
Currency Futures TradingRs.200.010% – 0.030%
Currency Options TradingRs.20 per LotRs.50 – Rs.80 per Lot
Minimum BrokerageZeroRs.30 per Trade
Demat AMC ChargesRs.300 per AnnumFree or Rs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.0 – Rs.300,000

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Trade Bulls Securities as below. We can see that both the broker share a similar charge structure. 

Other ChargesZerodhaTradebulls 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: 

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

OffersZerodhaTradebulls 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: 

Comparing Zerodha vs Trade Bulls Securities based on their service offering we derived the below comparison. Trade Bulls Securities offers more services than Zerodha like PMS, trading institute, etc.

ServicesZerodhaTradebulls Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 60x

Compare on Research & Advisory: 

Comparing Zerodha vs Trade Bulls Securities based on their research & advisory offering we received the below comparison. Here we can see in the below table that Trade Bulls Securities offers a lot more advisory support, where Zerodha doesn’t provide any.

Research & AdvisoryZerodhaTradebulls 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

Comparison of Leverage: 

Comparing Zerodha vs Trade Bulls Securities based on product-wise leverage we get the below details. These leverage charges also influence the trading revenue of any trader.

Exposure / LeverageZerodha MarginTradebulls Securities Margin
Equity DeliveryMaximum 20xMaximum 6x
Equity IntradayMaximum 28xMaximum 60x
Equity FuturesMaximum 15xMaximum 20x
Equity OptionsMaximum 8xMaximum 20x
Currency FuturesMaximum 12xMaximum 10x
Currency OptionsMaximum 8xMaximum 10x
CommoditiesMaximum 17xMaximum 40x

Zerodha Vs Trade Bulls Products: 

Comparing Zerodha vs Trade Bulls Securities based on their product offering we derived the below comparison. We can see in this below comparison that Trade Bulls Securities offered to trade in Mutual finds, SIP & forex which Zerodha doesn’t. 

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

Comparison of Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Trade Bulls Securities, we compared them as below. These trading platforms help the traders to access their account and investments from anywhere.

Trading PlatformsZerodhaTradebulls 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

Zerodha Vs Trade Bulls Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs Trade Bull Securities 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 Trade bulls don’t facilitate 24×7 support & chat support. 

Customer SupportZerodhaTradebulls Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZero10
open tradebulls demat account

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

Complaints (Current Year)ZerodhaTradebulls Securities
Lodged in BSE120168
Resolved in BSE117162
Lodged in NSE89203
Resolved in NSE85200
open zerodha demat acc

Conclusion:

Finally, we can conclude that Trade Bulls Securities (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 Trade Bulls Securities as per his need only.

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Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years. I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.