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:
- 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.
Trade Bulls Securities:
- Zero cost trading account
- Zero cost DEMAT account
- Forex trading facility available.
- Trading account maintenance is free.
- Discount on Brokerage charges.
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.
Overview | Zerodha | Tradebulls Securities |
Company Type | Private | Private |
Broker Type | Discount Broker | Full-Service Broker |
Headquarters | Bangalore, India | Mumbai |
Founder | Nithin Kamath | Mr.Dinesh Thakkar |
Established Year | 2010 | 2009 |
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 Ratings | Zerodha | Tradebulls Securities |
Experience | 5.7 out of 10 | 7.0 out of 10 |
Products & Services | 8.5 out of 10 | 7.6 out of 10 |
Brokerage Charges & Fees | 9.5 out of 10 | 7.8 out of 10 |
Stock Research & Advisory | 4.0 out of 10 | 6.6 out of 10 |
Trading Platforms | 9.0 out of 10 | 6.8 out of 10 |
Overall Ratings | 7.4 out of 10 | 7.2 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 Services | Zerodha | Tradebulls Securities |
Depository Source | CDSL | CDSL |
Account Opening Charges | Rs.300 | Free or Rs.299 |
Demat AMC Charges | Rs.300 per Annum | Free or Rs.300 |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.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 & Fees | Zerodha Brokerage | Tradebulls Securities Brokerage |
Equity Delivery Trading | Zero | 0.10% – 0.30% |
Equity Intraday Trading | Rs.20 | 0.010% – 0.030% |
Commodity Options Trading | Rs.20 | 0.010% – 0.030% |
Equity Futures Trading | Rs.20 | 0.010% – 0.030% |
Equity Options Trading | Rs.20 per Lot | Rs.50 – Rs.80 per Lot |
Currency Futures Trading | Rs.20 | 0.010% – 0.030% |
Currency Options Trading | Rs.20 per Lot | Rs.50 – Rs.80 per Lot |
Minimum Brokerage | Zero | Rs.30 per Trade |
Demat AMC Charges | Rs.300 per Annum | Free or Rs.300 |
Trading AMC Charges | Free | Free |
Margin Money | Zero | Rs.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 Charges | Zerodha | Tradebulls 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:
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.
Offers | Zerodha | Tradebulls 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.
Services | Zerodha | Tradebulls Securities |
Demat Services | ✔ | ✔ |
Trading Services | ✔ | ✔ |
3 in 1 Account | ✖ | ✖ |
Intraday Services | ✔ | ✔ |
IPO Services | ✔ | ✔ |
Stock Recommendations | ✖ | ✔ |
Robo Advisory | ✖ | ✖ |
PMS | ✖ | ✔ |
Trading Institution | ✖ | ✔ |
Trading Exposure | Maximum 28x | Maximum 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 & Advisory | Zerodha | Tradebulls 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 / Leverage | Zerodha Margin | Tradebulls Securities Margin |
Equity Delivery | Maximum 20x | Maximum 6x |
Equity Intraday | Maximum 28x | Maximum 60x |
Equity Futures | Maximum 15x | Maximum 20x |
Equity Options | Maximum 8x | Maximum 20x |
Currency Futures | Maximum 12x | Maximum 10x |
Currency Options | Maximum 8x | Maximum 10x |
Commodities | Maximum 17x | Maximum 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.
Products | Zerodha | Tradebulls 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 Platforms | Zerodha | Tradebulls 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 Support | Zerodha | Tradebulls Securities |
Dedicated Dealer | ✖ | ✔ |
Offline Trading | ✖ | ✔ |
Online Trading | ✔ | ✔ |
24*7 Support | ✔ | ✖ |
Email Support | ✔ | ✔ |
Chat Support | ✔ | ✖ |
Toll-Free Number | ✖ | ✖ |
Branches | Zero | 10 |
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) | Zerodha | Tradebulls Securities |
Lodged in BSE | 120 | 168 |
Resolved in BSE | 117 | 162 |
Lodged in NSE | 89 | 203 |
Resolved in NSE | 85 | 200 |
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.