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.
- 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 Plus Online:
- NRI Trading facility
- E-KYC facility is present.
- Facilitates investment in IPO, Bonds & Mutual Funds,
- Higher call & trade charges
- INFINI trading platform is not free.
Comparison on Segment-Wise Service Ratings:
Comparing Zerodha vs Trade Plus Online based on customer service review we get the below-mentioned information.
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.
|Overall Rating||4.5 out of 5||3.5 out of 5|
|Brokerage Charges||4.5 out of 5||3.5 out of 5|
|Trading Platform||4.5 out of 5||3.5 out of 5|
|Investments Offering||4 out of 5||4 out of 5|
|Customer Service||4.5 out of 5||4 out of 5|
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX-SX, and MCX||NSE, 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.
|Account Opening Fees- Trading||Online 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
|AMC of Trading||Free||Free|
|Account Opening Fees- DEMAT||Free||Free|
|AMC of DEMAT||300 Rupees PA||200 Rupees (First Year Free)|
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 Types||Zerodha Brokerage||TradePlusOnline Brokerage|
|Multiple Brokerage Plans||NO||YES|
|Monthly Brokerage Plans||NO||YES|
|Yearly Brokerage Plans||NO||NO|
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.
|Plan Name||Max 20 Rupees per order Trading Plan||Flat Fee Plan|
|Equity Intraday||0.01% or 20 Rupees whichever is lower||0.01% or 9 Rupees whichever is lower|
|Equity Futures||0.01% or 20 Rupees whichever is lower||Flat Fee 9 Rupees|
|Equity Options||Flat Fee 20 Rupees||Flat Fee 9 Rupees|
|Currency Futures||0.01% or 20 Rupees whichever is lower||Flat Fee 9 Rupees|
|Currency Options||Flat Fee 20 Rupees||Flat Fee 9 Rupees|
|Commodity Trading||Flat Fee 20 Rupees||Flat Fee 9 Rupees|
|Funding||No Info Available||Yes – 24% interest PA|
|Call & Trade Charges||20 Rupees Per Executable Order||75 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.
|Particulars||Zerodha||Trade Plus Online|
|Equity Delivery||325 Rupees Per Cr||330 Rupees Per Cr|
|Equity Intraday||325 Rupees Per Cr||330 Rupees Per Cr|
|Equity Futures||190 Rupees Per Cr||350 Rupees Per Cr|
|Equity Options||5000 Rupees Per Cr||7500 Rupees Per Cr|
|Currency Futures||135 Rupees Per Cr||165 Rupees Per Cr|
|Currency Options||4400 Rupees Per Cr||6000 Rupees Per Cr|
|Commodity||Non-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.
|3 in 1 Account 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 Services||3:15 PM||3:15 PM|
|NRI Trading Services||✔||✔|
|Other Services||NIL||Charting & 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:
|Desktop Trading Platform||Zerodha PI||NSE NOW, INFINI TRADER|
|Desktop Platform (Windows)||✔||✔|
|Desktop Platform (Mac)||✖||✖|
|Web Trading Platform||✔||✔|
|Web Trading Detail||https://kite.zerodha.com/||https://infini.tradeplusonline.com/|
|Mobile Trading App||Zerodha Kite||Tradeplus Mobile|
|Android Mobile App||✔||✔|
|iPhone Mobile App (IOS)||✔||✔|
|Android Tablet App||✔||✔|
|iPad App (IOS)||✔||✔|
|Trading Software Charges||Free||Free|
Comparison on Product:
Comparing Zerodha vs Trade Plus Online based on their product offering we derived this below information.
|Equity Cash and F&O||✔||✔|
|Online IPO Application||✔||✔|
|Bond / NCD||✔||✔|
|MF SIP Investment||✔||✔|
|Equity SIP Investment||✖||✖|
|Other Investment Options||NIL||NIL|
Comparison of Leverage:
Considering the Leverage/Margin we here have compared Zerodha vs Trade Plus online as below:
|Particulars||Zerodha 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:
|24/7 Customer Service||✖||✖|
|Online Live Chat||✖||✔|
|Toll Free Number||✖||✖|
|Customer Care Number||“+ 91 80 4040 2020”||044-49427576 / 044-28214171|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Zerodha Headquarter|
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Ganga Griha 4th & 5th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Chennai – 600 034
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.
|DEMAT Account Annual Maintenance Charges(AMC)||300 Rupees pa||900 Rupees for Ten Years|
|Statutory charges||50 Rupees||Nil|
|Transaction Charges on Debit (Per ISIN)||8 Rupees + 5.50 Rupees (CDSL Charges) per transaction||0.02% 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 Confirmation||Nil||0.02% of the value (Min 50 Rupees)|
|Pledge Closure||20 Rupees + 12 Rupees CSDL charges||0.02% of the value (Min 50 Rupees)|
|Pledge Closure Confirmation||Nil||0.02% of the value (Min 50 Rupees)|
|Pledge Invocation||20 Rupees||0.02% of the value (Min 50 Rupees)|
|Failed Instruction Charges||50 Rupees per instruction||15 Rupees|
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.