Zerodha Vs Trading Bell
Assessing Zerodha vs Trading Bell 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.
Whereas, Trading Bells is the online broking wing of Swastika Investment incorporated in the year 1992 based on Mumbai, Maharashtra. It has a membership of BSE, NCDEX & MCX-SX, ICEX & USE.
It has more than 100 branches across PAN India to assist customers to manage their portfolio and advise them regarding investment.
Notable Features:
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.
Trading Bell:
- Offers to trade in Mutual Fund & Fixed deposit.
- They have their technical analysis team & research team to assist investors.
- Famed up for extending the hand in Margin Funding and LAS.
- Facilitate online trading 24X7 using the software.
- The equity trading service is free.
Comparison on Segment-Wise Service Ratings:
Comparing Zerodha vs Trading Bell 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 & brokerage charge Zerodha & Trading Bell are similar in rating. But in terms of trading platform & customer support, Zerodha is a step ahead of Trading Bell.
| Particulars | Zerodha | TradingBells |
| Overall Rating | 4.5 out of 5 | 4 out of 5 |
| Brokerage Charges | 4.5 out of 5 | 4.5 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, MCX | NSE, BSE, MCX-SX, MCX, NCDEX |
Zerodha Vs Trading Bell AOC & AMC:
Comparing Zerodha vs Trading Bells based on AOC & AMC we get the below information. Both the broker offers free AMC on trading and free DEMAT Account opening.
| Charges | Zerodha | TradingBells |
| Trading Account Opening Fees | 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 | 300 Rupees |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | 300 Rupees PA | 250 Rupees PA |
| Provide DP Service | ✔ | ✔ |
Zerodha Vs Trading Bell Brokerage Plan:
There is no brokerage plan offered by Zerodha to the customer. Whereas, Trade Bells offers multiple types of brokerage plans to their customer. Details mentioned here below:
| Plan Types | Zerodha Brokerage | TradingBells Brokerage |
| Multiple Brokerage Plans | ✖ | ✔ |
| Monthly Brokerage Plans | ✖ | ✖ |
| Yearly Brokerage Plans | ✖ | ✖ |
Comparison of Brokerage Fee:
Comparing Zerodha vs Trading Bells based on brokerage fee offering we get the below-mentioned information. Both Zerodha & Trading Bells have a percentage based brokerage fee structure for its investors. Both the broker doesn’t have any minimum brokerage criteria.
| Particulars | Zerodha | TradingBells |
| Plan Name | Max 20 Rupees per order Trading Plan | Max 20 Rupees Per Order Trading Plan |
| Equity Delivery | Free | Free |
| Equity Intraday | 0.01% or 20 Rupees whichever is lower | 0.01% or 20 Rupees whichever is lower |
| Equity Futures | 0.01% or 20 Rupees whichever is lower | 0.01% or 20 Rupees whichever is lower |
| Equity Options | Flat Fee 20 Rupees | Flat Fee 20 Rupees |
| Currency Futures | 0.01% or 20 Rupees whichever is lower | 0.01% or 20 Rupees whichever is lower |
| Currency Options | Flat Fee 20 Rupees | Flat Fee 20 Rupees |
| Commodity Trading | Flat Fee 20 Rupees | Flat Fee 20 Rupees |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | No | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | 20 Rupees Per Executable Order | Info Not Available |
Comparison on Transaction Charge:
Contrasting Zerodha vs Trading Bells on transaction charge we get the below details. Here we can see that the transaction charge for Zerodha & Trading Bells in terms of equity delivery, equity Intraday, currency future, & currency options are the same. Whereas, in terms of equity futures, equity options- Trading Bells have a greater charge than Zerodha.
| Particulars | Zerodha | TradingBells |
| Equity Delivery | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Intraday | 325 Rupees Per Cr | 325 Rupees Per Cr |
| Equity Futures | 190 Rupees Per Cr | 210 Rupees Per Cr |
| Equity Options | 5000 Rupees Per Cr | 6000 Rupees Per Cr |
| Currency Futures | 135 Rupees Per Cr | 135 Rupees Per Cr |
| Currency Options | 4400 Rupees Per Cr | 4400 Rupees Per Cr |
| Commodity | Non-Agri: 360 Rupees Per Cr Agri: 275 Rupees Per Cr | Non-Agri: 310 Rupees Per Cr Agri: 225 Rupees Per Cr |
Comparison on Account Feature:
Assessing Zerodha vs Trading Bells based on account feature we derived the below-mentioned table.
| Particulars | Zerodha | TradingBells |
| 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 Services | 3:15 PM | 3:15 PM |
| NRI Trading Services | ✔ | ✔ |
| Other Services | NIL | NIL |
Compare Trading Terminal:
A trading platform is an essential feature mandatorily offered by any broker. Nowadays investors attract mostly over better & smarter technology. Here we have compared Zerodha vs Trading Bells based on their trading terminal offering:
| Particulars | Zerodha | TradingBells |
| Desktop Trading Platform | Zerodha PI | ODIN/NSE NOW |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✔ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | kite.zerodha.com/ | |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | Zerodha Kite | Swastika Mobile |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | No Info Available |
Comparison of Products:
Comparing Zerodha vs Trading Bells based on their product offering we derived this below information.
| Particulars | Zerodha | TradingBells |
| Equity Cash and F&O | ✔ | ✔ |
| Currency Deravitives | ✔ | ✔ |
| Commodity | ✔ | ✔ |
| Online IPO Application | ✔ | ✖ |
| Mutual Funds | ✔ | ✔ |
| Bond / NCD | ✔ | ✔ |
| ETF | ✔ | ✔ |
| Banking | ✖ | ✖ |
| Insurance | ✖ | ✔ |
| Forex | ✖ | ✖ |
| MF SIP Investment | ✔ | ✔ |
| Equity SIP Investment | ✖ | ✖ |
| PMS Service | ✖ | ✖ |
| Other Investment Options | NIL | NBFC, Merchant Banking |
Comparison of Leverage:
Considering the Leverage we here have compared Zerodha vs Trading Bells as below:
| Particulars | Zerodha Margin | TradingBells Margin |
| Equity Delivery Leverage | No Delivery leverage. | Info Not Available |
| 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 | Maximum 10x or 10% considering Variable and ELM, no further leverage for Cover Order. | Maximum 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 Purchase. | 1x implies real SPAN + Disclosure in Sell and Superior Margin in Purchase. |
Zerodha Vs Trading Bell Customer Assistance:
Better customer support is nowadays a key feature to attract customers. Zerodha & Trading Bells is no exception to this. In terms of customer assistance, we have compared Zerodha vs Trading Bells as below:
| Particulars | Zerodha | TradingBells |
| 24/7 Customer Service | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Onine Live Chat | ✖ | ✔ |
| Phone Support | ✔ | ✔ |
| Toll Free Number | ✖ | ✖ |
| Through Branches | ✔ | ✔ |
| Customer Care Number | “+ 91 80 4040 2020” | Info Not Available |
| Account Opening Process | Online/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/Education | https://support.zerodha.com/ | Info Not Available |
| Head Office Address | Zerodha Headquarter #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078 | Info Not Available |
| Website | https://zerodha.com/ | Info Not Available |
Comparison of DEMAT Account Feature:
Comparing Zerodha vs Trading Bells based on the DEMAT account feature we derived the below-mentioned information.
| Particulars | Zerodha | TradingBells |
| DP Source | CDSL | CDSL |
| DP ID | 81600 | No |
| Demat Account Annual Maintenance Charges(AMC) | 300 Rupees pa | 1000 Rupees one time |
| Advance Deposit | Nil | (A)-*2000 Rupees (Individual and HUF)/6500 Rupees (Corporates) if BO opts for Deposit Scheme.. (B)- One Time deposit 1000/- Rupees (Non-Refundable) For Individual & HUF 3500/- Rupees (Non-Refundable) Entities other than above |
| Statutory charges | 50 Rupees | Nil |
| Transaction Charges on Debit (Per ISIN) | 8 Rupees + 5.50 Rupees (CDSL Charges) per transaction | 0.02% of transaction value (Min 17 Rupees) |
| Demat | 150 Rupees per certificate + 100 Rupees courier charges | 2Rupees per certificate + courier charges |
| Remat | 150 Rupees per certificate + 100 Rupees courier charges + CDSL Charges | 25 Rupees for every hundred securities (Min 50 Rupees) + CDSL charges |
| Pledge Creation | 20 Rupees + 12 Rupees CSDL charges | 0.02% of transaction value (Min 50 Rupees) |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | 20 Rupees + 12 Rupees CSDL charges | 0.02% of transaction value (Min 50 Rupees) |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | 20 Rupees | 0.02% of the transaction value (Min 50 Rupees) |
| Failed Instruction Charges | 50 Rupees per instruction | 20 Rupees |
| Other Charges | Nil | Nil |
Conclusion:
Zerodha and Trading Bells both are renowned in their segments for different amenities they offer to the investors. Zerodha is leading in this comparison for being outstanding in terms of online assistance and economic charge.
Whereas, Trading Bells is a trusted brand with thousands of happy customers. But choosing of broker should be done keeping in mind the exact & individual needs.
