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Zerodha Vs Trade Plus Online – Comparative Assessment

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Zerodha Vs Trade Plus Online

Comparing Zerodha vs Trade Plus Online in terms of all product-wise details which are essential for every investor we get a 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. 

Conversely, Trade Plus Online is a Discount Broker that started its journey in 2015. It offers various products in flat fee brokerage charges and currently listed under NSE, BSE & MCX.

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.

Trade Plus Online: 

  1. NRI Trading facility
  2. E-KYC facility is present.
  3. Facilitates investment in IPO, Bonds & Mutual Funds,
  4. Higher call & trade charges
  5. INFINI trading platform is not free.
Zerodha Vs Trade Plus Online Comparison

Comparison on Segment-Wise Service Ratings:

Comparing Zerodha vs Trade Plus Online based on customer service review we get the below-mentioned information.

Related Post:   Zerodha Demat Account Opening Details – Document, Fee & More

We can see from the below table, that in terms of the investment offering Zerodha & Trade Plus Online are similar in rating. But in terms of brokerage charge, trading platform & customer support Zerodha is a step ahead of Trade Plus Online.

 ParticularsZerodhaTradePlusOnline
Overall Rating4.5 out of 53.5 out of 5
Brokerage Charges4.5 out of 53.5 out of 5
Trading Platform4.5 out of 53.5 out of 5
Investments Offering4 out of 54 out of 5
Customer Service4.5 out of 54 out of 5
Broker Type Discount BrokerDiscount Broker
Exchanges Supported NSE, BSE, MCX-SX, and MCXNSE, BSE, MCX

Zerodha Vs Trade Plus Online AOC & AMC: 

Comparing Zerodha vs Trade Plus online based on AOC & AMC we get the below information. Both the broker offers trading AMC & DEMAT account opening fee-free. 

ChargesZerodhaTradePlusOnline
Account Opening Fees- TradingOnline 200 Rupees (T+D), 300 Rupees (T+D+C).
Offline 400 Rupees (T+D), 600 Rupees (T+D+C). T*Trading, D*Demat, C*Commodity
200 Rupees
AMC of TradingFreeFree
Account Opening Fees- DEMATFreeFree
AMC of DEMAT300 Rupees PA200 Rupees (First Year Free)
DP Service

Comparison of Brokerage Plan: 

Zerodha doesn’t offer any brokerage plan to the customer. But Trade Plus Online offers Multiple types and Monthly type brokerage plans to their customer. Details of brokerage plans are mentioned here below: 

Plan TypesZerodha Brokerage TradePlusOnline Brokerage
Multiple Brokerage PlansNOYES
Monthly Brokerage PlansNOYES
Yearly Brokerage PlansNONO

Compare Brokerage Charge: 

Comparing Zerodha vs Trade Plus Online based on brokerage fee offering we get the below-mentioned information. We can see in the below table that both Zerodha and Trade Plus Online offer flat fee-based brokerage. Also, both the broker doesn’t have any minimum brokerage charge available. 

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ParticularsZerodhaTradePlusOnline
Plan NameMax 20 Rupees per order Trading PlanFlat Fee Plan
Equity DeliveryFreeFree
Equity Intraday0.01% or 20 Rupees whichever is lower0.01% or 9 Rupees whichever is lower
Equity Futures0.01% or 20 Rupees whichever is lowerFlat Fee 9 Rupees
Equity OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Currency Futures0.01% or 20 Rupees whichever is lowerFlat Fee 9 Rupees
Currency OptionsFlat Fee 20 RupeesFlat Fee 9 Rupees
Commodity TradingFlat Fee 20 RupeesFlat Fee 9 Rupees
Minimum BrokerageNILNIL
Hidden ChargesNoNo
FundingNo Info AvailableYes – 24% interest PA
Call & Trade Charges20 Rupees Per Executable Order75 Rupees Per Day Per segment or 1000 Rupees for unlimited call n Trade

Comparison on Transaction Charge:

Contrasting Zerodha vs Trade Plus Online on transaction charge we get the below details. Here we can see that the transaction charge for Trade Plus Online is much higher than the transaction charge of Zerodha. 

ParticularsZerodhaTrade Plus Online
Equity Delivery325 Rupees Per Cr330 Rupees Per Cr
Equity Intraday325 Rupees Per Cr330 Rupees Per Cr
Equity Futures190 Rupees Per Cr350 Rupees Per Cr
Equity Options5000 Rupees Per Cr7500 Rupees Per Cr
Currency Futures135 Rupees Per Cr165 Rupees Per Cr
Currency Options4400 Rupees Per Cr6000 Rupees Per Cr
CommodityNon-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr
Non-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr

Comparison on Account Feature:

Assessing Zerodha vs Trade Plus Online based on account feature we derived the below-mentioned table. 

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ParticularsZerodhaTradePlusOnline
3 in 1 Account Services
Charting Services
Algo Trading Services
SMS Alerts Services
Online Demo Services
Online Portfolio Services
Margin Trading Funding Services
Combined Ledger for Equity and Commodity Services
Intraday Square-off Time Services3:15 PM3:15 PM
NRI Trading Services
Other ServicesNILCharting & Tech Tools -YES – INFINI POWER – MCX and Equities

Zerodha Vs Trade Plus Online Trading Terminal: 

A trading media is a significant part of any broker’s offering. Nowadays investors attract mostly over better & smarter technology. Here we have compared Zerodha vs Trade Plus Online based on their trading terminal offering: 

ParticularsZerodhaTradePlusOnline
Desktop Trading PlatformZerodha PINSE NOW, INFINI TRADER
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://kite.zerodha.com/https://infini.tradeplusonline.com/
Mobile Site
Mobile Trading
Mobile Trading AppZerodha KiteTradeplus Mobile
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparison on Product: 

Comparing Zerodha vs Trade Plus Online based on their product offering we derived this below information. 

ParticularsZerodhaTradePlusOnline
Equity Cash and F&O
Currency Derivatives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment OptionsNILNIL

Comparison of Leverage: 

Considering the Leverage/Margin we here have compared Zerodha vs Trade Plus online as below: 

ParticularsZerodha Margin TradePlusOnline Margin
Equity Delivery Leverage No Delivery leverage.Maximum 4x leverage on Equity Delivery with  Funding.
Equity Intraday Leverage Maximum 10x or 10% considering Variable and ELM.Maximum 10x or 10% considering Variable and ELM.
Futures Leverage 1x implies real SPAN + Exposure.1x implies real SPAN + Exposure.
Options Leverage 1x implies real SPAN + Disclosure in Sell and Superior Margin in Purchase.1x implies real SPAN + Disclosure in Sell and Superior Margin in Purchase.
Equity CO Leverage Maximum10x or 10% considering Variable and ELM, no further leverage for Cover Order.Up to 10x or 10% considering Variable and ELM, no further leverage for Cover Order.
Futures CO Leverage 1x implies real SPAN + Disclosure margin, No further leverage for Futures Cover Order.1x implies real SPAN + Disclosure margin, No further leverage for Futures Cover Order.
Options CO Leverage 1x implies real SPAN + Disclosure margin (Sell) or Superior Margin (Purchase), No further Leverage for Options Cover Order.1x implies real SPAN + Disclosure margin (Sell) or Superior Margin (Purchase), No further Leverage for Options Cover Order.
Commodity Leverage 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.

Comparison on Customer Support: 

Better customer support is nowadays a mentionable point to attract customers. Zerodha & Trade Plus Online is no exception to this. In terms of customer assistance, we have compared Zerodha vs Trade Plus online as below: 

Particulars ZerodhaTradePlusOnline
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number “+ 91 80 4040 2020”044-49427576 / 044-28214171
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education https://support.zerodha.com/http://support.tradeplusonline.com/support/solutions
Head Office Address Zerodha Headquarter
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Tradeplus Online,
Ganga Griha 4th & 5th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Nungambakkam
Chennai – 600 034
Website https://zerodha.com/https://tradeplusonline.com
open tradeplus demat account

Zerodha Vs Trade Plus Online DEMAT Account Feature: 

Comparing Zerodha vs Trade Plus Online based on the DEMAT account feature we derived the below-mentioned information. 

Particulars ZerodhaTradePlusOnline
DP SourceCDSLNSDL
DP ID 8160086500
DEMAT Account Annual Maintenance Charges(AMC) 300 Rupees pa 900 Rupees for Ten Years
Advance DepositNilNIL
Statutory charges 50 RupeesNil
Transaction Charges on Debit (Per ISIN) 8 Rupees + 5.50 Rupees (CDSL Charges) per transaction0.02% of the transaction value (Min  15 Rupees and Max  200 Rupees)
DEMAT 150 Rupees per certificate +  100 Rupees courier charges 50 Rupees up to five certificates ( 5 Rupees per additional certificate) ( Min Rupees 50)
REMAT 150 Rupees per certificate +  100 Rupees courier charges + CDSL Charges 15 Rupees for every hundred securities or  15 Rupees per certificate (whichever is higher) +  50 Rupees request charges
Pledge Creation 20 Rupees +  12 Rupees CSDL charges 15 Rupees per transaction
Pledge Creation ConfirmationNil0.02% of the value (Min  50 Rupees)
Pledge Closure 20 Rupees +  12 Rupees CSDL charges0.02% of the value (Min  50 Rupees)
Pledge Closure ConfirmationNil0.02% of the value (Min  50 Rupees)
Pledge Invocation 20 Rupees0.02% of the value (Min  50 Rupees)
Failed Instruction Charges 50 Rupees per instruction 15 Rupees
Other ChargesNilNil
open zerodha demat account

Comparison: 

Both Zerodha and Trade Plus Online is renowned in their segments for various amenities they offer to the customers. Zerodha is renowned for being remarkable in terms of online assistance and economic charge.

Whereas, Trade Plus Online is a trusted brand with millions of tech-savvy customers with reasonable charge structure. But choosing of broker should be done keeping in mind the exact & individual needs.

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