Frequently Asked Questions (FAQs) about Zerodha


 

Frequently Asked Questions about Zerodha Trading plans and Account opening

Zerodha has emerged as on of the top most brokerage house in india in last few years. Though they started small, today they are giving tough competition to the already established stock brokers who are in industry for many decades.

 

frequently-asked-questions-zerodha

In this article we cover few of the questions which are frequently asked by the visitors about the Zerodha such as trading plans, account opening process, fees, trading tool,investment services, performance and customer care.

FAQs on Zerodha Brokerage Charges

  • How much Zerodha charges per trade for each segment?
    • Equity Delivery – Free
    • Equity Intraday – Rs 20
    • Equity Future – Rs 20
    • Equity Option – Rs 20
    • Commodity – Rs 20
    • Currency Derivatives (Future) – Rs 20
    • Currency Derivatives (Option) – Rs 20
  • Does Zerodha has any monthly unlimited plan?
    • No, Zerodha don’t have any fixed brokerage and unlimited trading per month plans.
  • Does it have any yearly brokerage options?
    • No, Zerodha don’t have yearly plans.
  • Is there any minimum Brokerage to trade with Zerodha?
    • No

FAQs on Zerodha Account Opening Charges

  • What is the Trading Account Opening Charges with Zerodha?
    • Rs 200 if you print the forms yourself and Rs 300 if they courier the forms to you.
  • What is the AMC for Trading Account ?
    • No AMC for Trading account
  • What is the Demat Account Opening Charges with Zerodha ?
    • Rs 100
  • How much is the Demat AMC with Zerodha?
    • Rs 300
  • Is Demat Account Mandatory with trading account at Zerodha?
    • Yes, Demat Account is mandatory when opening trading account with Zerodha.

Read : Detailed step by step procedure on how to open account with Zerodha

FAQs on Zerodha Transaction Charges

  • What are the Transaction Charges with Zerodha’s per segment?
    • Equity Delivery – Rs 325 Per Cr
    • Equity Intraday – Rs 325 Per Cr
    • Equity Future – Rs 210 Per Cr
    • Equity Option – Rs 5300 Per Cr
    • Commodity – Non-Agri: 0.0031% | Agri: 0.00175%
    • Currency Derivatives (Future) – Rs 135 Per Cr
    • Currency Derivatives (Option) – Rs 4400 Per Cr

FAQs on Zerodha Investment Service

  • Which Stock Exchanges I can trade on with Zerodha?
    • Zerodha support trading on following exchanges :  NSE, BSE, MCX-SX and MCX.
  • Which all segments I can trade in with Zerodha?
    • Equity Delivery,Intraday,Future and Options,Commodity and Currency
  • Does Zerodha offers IPO investment?
    • No. Zerodha does not offer investment in IPO
  • Does Zerodha offer Mutual Funds investment?
    • Yes, Mutual fund investment is possible through Zerodha.
  • Can I deal in Bonds and NCD’s ?
    • Dealing in Bonds and NCD is not possible through Zerodha
  • Does Zerodha provides 3-in-1 Account? 
    • No
  • Zerodha falls in which Broker Category?
    • They charge fixed fee per transaction hence it falls under Discount Broker
  • Does Zerodha provide research reports?
    • No
  • Does Zerodha provide any  trading tips ?
    • No
  • What is the Intraday Square-off Time for Intraday Trading in Equity segment at Zerodha?
    • 3:20PM
  • Does Zerodha offer Margin Funding for trading?
    • No, Margin funding is not available as of now but they are planning it.

 

Read: Detailed review of Zerodha Brokerage and information about the tools provided

FAQs on Zerodha Customer Support Channels

  • Is there any 24*7 customer support available for Zerodha?
    • No,  Zerodha dont have any 24×7 customer service.
  • Does Zerodha provide customer support though live Chat on website?
    • No,  Zerodha doesn’t provide customer online chat service.
  • Is there any toll free number for customer support with Zerodha?
    • No, Zerodha doesn’t provide toll free number for customer support.
  • Does Zerodha offer customer service through local branch offices or broker franchise?
    • Yes, Zerodha has branches and franchises at major cities and through them it offers customer service.

FAQs on Zerodha tools

  • What are the trading platforms provided by Zerodha
    • Software : Zerodha Pi
    • Web : Zerodha Kite
    • Mobile : Zerodha Kite
  • Does Zerodha offer automated trading/algorithmic trading?
    • Yes, Zerodha offer automated trading to it customers.
  • Does Zerodha offer After Trading Hours Order or After Market Order (AMO) or Off Market Orders?
    • Yes, You can place the AMO orders
  • Can I place Good Till Cancelled (GTC) orders though Zerodha? 
    • Yes, it is possible to place GTC orders in Zerodha

Also Read : Best Trading platforms of India with optimum performance


~*Advertisement*~

~*End Of Advertisement*~


 

Current Offers with Zerodha

Currently Zerodha is offering their trading software with zero subscription fees. Normally brokerage houses charge monthly fee for their platforms. You can avail zero software fee by opening the Zerodha account by clicking the button below.

Open online Trading Account Button

 


Zerodha Kite Trading Platform Review


If you visit Zerodha website (www.zerodha.com), you will observe that they are giving more emphasis on technology, “Stock Broking meets Technology” goes their theme. Today if Zerodha is staying miles ahead of its competition then it is certainly because of the risk they had taken in building their own platform. While other brokers were still nudging on same old NEST platforms, Zerodha was silently investing on their time and money on creating homegrown platform.  Being a startup company in year 2010, they had to relay on the NSE NOW which was provided freely by National Stock Exchange.

Read: Complete details of Zerodha Brokerage and other Charges 

We have written detailed list of top 10 trading platforms of India, Zerodha’s Pi and Kite are also featured in the list.

  Zerodha Kite : Introduction

Zerodha PI and Kite are the most successful platforms launched by them. Pi is basically very advanced platform, performance driven and hence it is resource heavy. So address this, Zerodha built a very light platform with good user interface (UI) called Kite for browsers, mobiles and tablets. Lets find out the features and capabilities of it in this review of Zerodha Kite.

  Zerodha Kite : Resource Requirements

Kite is very light on resources. Total bandwidth consumption is less than 0.5 Kbps for a full marketwatch. It makes it also suitable for day trading. (In-fact Pi was built keeping the day traders in mind and Kite for the positional traders and investors)

  Zerodha Kite : Language Support

Kite supports 11 Languages. The language supported as of now are English, Hindi, Kannada, Tamil, Telugu, Marathi, Gujarati, Bengali, Malayalam, Punjabi and Odiya.  Language preference can be selected while login to platform.

Read: Now trade in Indian Stock market in your own language

 Dashboard

  • Dashboard is the welcome screen when you login to kite. Here you will get all the data you need pertaining to your account. On can find the overview of the account, with a tree map visualization of stock holdings based on invested amount, current value, and P&L. Horizontal bar graph to view the most profitable and loss making positions from your demat account holdings.

zerodha-kite-dashboard

  Stock Widget

  • You can have a quick view of the fundamental data of the for stocks, both in your marketwatch and holdings.

zerodha-kite-stock-widget

  Charting features

  • Similar to stock widget, one can open the chart of the scrip by clicking on the button as shown below.

kite-initiate-chart

  • Kite offers 6 different types of charts and can be selected through a dropdown menu.

kite-chart-type

  • The time frame of the chart can be changes on similar lines through the dropdown menu.
  • Zerodha Kite supports more than 100 indicators which covers almost all the indicators used by modern day traders.

kite-indicators

  • It also offers 20 different drawing tools which can be customized using the setting Tab.

kite-drawing-tools

   Zerodha Kite for Andriod and iOS

Zerodha also brought out the mobile version of the Kite. It is available for both android and Apple iOS version . Below are the some of the salient features of Kite Android

  • One-tap universal instrument search for all contracts across all exchanges — NSE, BSE, MCX
  • Live streaming data
  • Multiple marketwatch and live market depths
  • Advanced chart with 100+ indicators
  • Years worth of free historical chart data
  • Trade Equities, F&O, Commodities, Currency
  • Various order types: Regular, AMO, BO (Bracket orders), CO (Cover orders)

Also Read : Best Mobile trading apps of India  

  Final Thoughts

Building a homegrown technology will definitely should enable Zerodha to have complete control over it. They need not depend on third party vendors to fix any issues reported by customers. They can also leverage the technical know-how to fully customize the Kite platform to latest needs. However they need to ensure that the product is fully stable before releasing any new update to the users. 

Also Read : Step by Step procedure to open an demat account with Zerodha

Open Your Zerodha Demat Account Now - Get Kite Platform for Free!


Zerodha Demat Account Opening Procedure


 

  Procedure to open Demat account with Zerodha

In this post, we will explain the steps involved in opening the account with Zerodha Brokerage. But if you still have any further queries to be answered, you can submit your details through the form at the end of this post, one of the sales manager from Zerodha will call you back and help you out.

 

how-to-open-zerodha-demat-account

Also Read : Detailed review of Zerodha’s Brokerage charges and trading Platforms

Basically there are four ways one can open the account with Zerodha. You can choose any one of them as per your choice but keep in mind that account opening charges varies for each one of them.

  1. Online + Print forms on your own
  2. Online + Zerodha sends you the forms
  3. Offline + Print forms on your own
  4. Offline + Zerodha sends you the forms

Lets understand each of the above type in details and also the charges involved in each type

  I . Online+ Print forms on your own

In this method you will fill the forms first through online and then take the print out by yourself.

You need to follow below steps to open the Zerodha account in this way :

  • Visit Account opening page of Zerodha by clicking here
  • Register yourself by providing email address and contact number and clicking “continue to signup” button.

zerodha-demat-account-open-screen

  • You will be asked to set the password of your choice.
  • Once you set the password, next step is to provide the PAN number in the next window and hit continue.
  • The first section of the online form will have the fields for Name, Father name, Mother Name, Gender etc

zerodha-account-online-first-screen

  • Next sections will be about your correspondence address, Bank account details and Income/Networth information
  • Final section will be about the supporting document. One can upload the scanned copies of the documents. If you don’t have scanned copies, then just select the appropriate document from the dropdown menu which you are going send (hardcopy) and press “Save and Continue”

zerodha-kite-upload-documents

  • Note that, your form will be saved automatically each time and you can login back anytime to update it if you could not complete it in one go.
  • When you press “Save and Continue”, you will be directed to the window to pay the account opening charges (Hence review your application form before proceeding to payment).

zerodha-pay-account-opening-fee

  • Do not tick the “courier me printed forms” check box.
  • Account opening charges can be paid through Credit card/Netbanking
  • After the payment, take print out of the filled application form and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Courier the forms and documents to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account

  II . Online + Zerodha sends you the printed forms

In this method you will fill the forms first through online method and request zerodha to send you the printed forms to you (Rs100 extra will be charged compared to method I) :.

You need to follow below steps to open the Zerodha account in this way :

  • Visit Account opening page of Zerodha by clicking here
  • Follow the steps explained in Type I until you reach the Payment screen.
  • Tick the “courier me printed forms” check box.
  • Account opening charges can be paid through Credit card/Netbanking
  • Once you complete the payment Zerodha will send you the printed forms to the address provided by you.
  • Just sign across the places provided for signatures
  • Attach the required documents (List of documents required are explained at end of this post)
  • Courier the forms and documents to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account + Rs 100 for getting the printed forms from Zerodha.

  III . Offline + Print forms on your own

You need to follow below steps to open the Zerodha account in this way :

  • Visit Resource section of Zerodha by clicking here
  • Go to “Application Forms” section and download the “Application form  – Individual” or appropriate blank forms suitable for you.
  • Fill out the details in the form and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Attach a crossed cheque in favor of Zerodha for the amount specified below (you can pay online also)
  • Courier the forms, documents and cheque to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account.
  • If you want to pay the charges online, Please visit this link
  • If you pay the amount online, then NO need to send the cheque as mentioned above

IV . Offline + Zerodha sends you the form

You need to follow below steps to open the Zerodha account in this way (Rs100 extra will be charged compared to method III) :

  • Visit Account opening page of Zerodha by clicking here
  • Request a call back by providing your contact details
  • When a sales manager from calls you back, provide your address and ask him to send the blank forms
  • Once you receive the forms, fill it out as per the instructions and sign across the places provided for signature
  • Attach the required documents (List of documents required are explained at end of this post)
  • Attach a crossed cheque in favour of Zerodha for the amount specified below (you can pay online also)
  • Courier the forms, documents and cheque to Zerodha Office 

Account Opening Charges for this method :

  • Rs 300 (For equity) and Rs 200 (For Commodity), that means you need to pay Rs 500 if you want to open both Demat and Commodity account + Rs 100 for getting the blank forms from zerodha.
  • If you want to pay the charges online, Please visit this link
  • If you pay the amount online, then NO need to send the cheque as mentioned above

Documents required to open an account with Zerodha

Following documents are required to open open an account with Zerodha Brokerage.

  • Photographs
    • Two numbers, paste them on KYC forms and sign across them
  • PAN Card
    • 1 copy, self attested
  • Address proof
    • 1 copy, self attested (Driving license, Aadhar card, Voter ID, Passport, Bank Statement)
  • Cancelled Cheque
    • Your name should be printed on it.
  • Income Proof (Required only if you intend to trade in Future and Options)
    • 1 copy, self attested (Latest Payslip or Form 16/IT returns or latest 6 month’s bank statement)

  Where to send the completed forms?

You should send the duly filled account opening form along with the documents and Cheque (if not paid online) to below address.

   ZERODHA

   153/154, 4th Cross, 4th Phase

   JP Nagar, Dollors Colony, Opp Clarence School,

   Bengaluru – 560078

  Whom to contact in case of queries?

We tried to cover most of the aspects related to procedure to be followed to open Zerodha demat account. But if you still have further queries, you can request call back from zerodha sales manager by submitting your contact details below.



  Final Thoughts

One can choose any one of the method explained above to open an demat account with Zerodha. But Zerodha recommends the online way as chances of errors arising due to involvement of humans can be avoided. For example, when you hand write the details, the chances of doing mistakes by the account opening team is more. Also, in online method one can save the incomplete form, review it or edit it any number of times before taking the print out. One can also upload the scanned copies of the supporting documents and request Zerodha team to review them. In this way you can avoid multiple hassles like re-sending the forms to them if they find it incomplete/not acceptable, delay in opening the demat account etc.


Unlimited Trading Plans for Fixed Monthly Charges


Make no mistake, trading is a an art and also no different than running a business. You can not survive in the brutal stock market until you keep your expenses at a check. And without doubt brokerage paid is one of the major expenses incurred by Indian traders today. So in this regard, it is beneficial to explore the various options like trading with stock brokers who provide Zero Brokerage Unlimited Trading account for fixed monthly charges. It allows to pre-budget your recurring expenses and concentrate on the trading instead of worrying on the commissions.

  Stock Brokers offering Zero Brokerage Unlimited Trading Account

zero-brokerage-unlimited-trading-plans

Just few years back, there was no concept of fixed brokerage unlimited trading plans when the brokerage industry had only one type of brokers called Full Service Brokers. These stock brokers charged a certain percentage of the total traded value as the brokerage in the range of 0.01% to 0.1%. Everything was depended upon how hard the trader negotiate with the broker and in most of the cases he/she had to deposit certain advance amount to avail the lower brokerage charges.

Post year 2010, with the advent of discount brokers, the brokerage scene has completely changed and Indian traders have immensely benefited from it. we have written a detailed article about the leading discount brokers in India.

Read : Details of 10 leading discount Stock Brokers of India to lower your expenses

Purpose of this article is to present the readers with the list of stock brokers who offer unlimited trading-fixed brokerage plans. It also brings down details of the offers being provided by these brokers.

 SAS Online

SAS Online equity broker was incorporated in 1995, but started its discount brokerage operation in 2013 with headquarter at NewDelhi.  Unlimited trading plans of SAS Online is structured based on the market segment. Below is the details of the segments and the fixed brokerage amount for each segment

  • Unlimited trading in Currency Segment  :  Rs 499
  • Unlimited trading in Commodities (MCX) Segment  :  Rs 999
  • Unlimited trading in NSE & BSE Cash and NSE Future and Options Segment  :  Rs 999

sasonline-unlimited-trading

SAS Online also has the pay per order plan in which Rs 9 will be charged per executed order. We have written a detailed review about SASOnline which be read in the post below

SAS Online Review : Information about SAS Online Brokerage Charges 

Offer Details: At present SASOnline is Waiving off the Rs 200 Account opening fee. 

open SAS Online Trading account

 TradePlus Online

Tradeplus Online share broker based out of Chennai is the new revamped online brand of Navia Markets Ltd. and Navia Commodities Broker Pvt. Ltd. Navia markets has been in the industry since 1983 and through Tradeplus, they are offering discount brokerage services. TradePlusOnline is the first broker in to offer PayTM integration for their Value added Services. Below is the details of the segments and the fixed brokerage amount for unlimited trading in each segment offered by TradePlus

  • Unlimited trading in Currency Segment  :  Rs 99
  • Unlimited trading in Commodities (MCX) Segment  :  Rs 99
  • Unlimited trading in Equity Options segment :  Rs 99
  • Unlimited trading Equity Futures Segment  :  Rs 799

tradeplusonline-fixed-monthly-plans

Trade Smart Online Online Review : Information about TradeSmartOnline Brokerage Charges 

Offer Details: At present TradePlus is offering Free Account opening, 1 month free charting software (worth Rs 499) and PayTM cashback offer up to 40%

 TradeSmartOnline

Trade Smart Online is subsidiary of VNS Finance & Capital Services Ltd. VNS is a traditional brokerage company incorporated in 1994 which has good track record in Indian Share Market. Below is the details of the segments and the fixed brokerage amount for unlimited trading in each segment offered by TradeSmartOnline

  • Unlimited trading in Currency Segment  :  Rs 1999
  • Unlimited trading in Commodities (MCX) Segment  :  Rs 3999
  • Unlimited trading in NSE & BSE Cash and NSE Future and Options Segment  :  Rs 3999

zero-brokerage-fixed-charges

TradeSmrtOnline also has the pay per order plan in which Rs 15 will be charged per executed order. We have written a detailed review about TradeSmartOnline which be read in the post below

Trade Smart Online Review : Information about TradeSmartOnline Brokerage Charges 

Offer Details: At present TradeSmartOnline is waiving off 50% account Opening Fee and providing 50% CashBack on whatever Brokerage you generate for First month 

 MyValueTrade

MyValueTrade is Noida based subsidiary of Master Trust Group incorporated in 1985. It started the discount brokerage service in August 2014. Because of its large client base, it is able to exceed the turnover of more than 4500+ Crores per day. Below is the details of the segments and the fixed brokerage amount for unlimited trading in each segment offered by MyValueTrade

  • Unlimited trading across all segments  :  Rs 1,000/month
  • Unlimited trading across all segments  :  Rs 10,000/Year

myvaluetrade-plans-unlimited-trading

MyValueTrade also has the pay per order plan in which Rs 10 will be charged per executed order. We have written a detailed review about MyValueTrade which be read in the post below

MyValueTrade Review : Information about MyValueTrade Brokerage Charges 

Offer Details: At present MyValueTrade is offering discount of Rs 200 on account opening fee of Rs 555

 Conclusion

Fixed Monthly Brokerage – unlimited trading plans are win-win situations for both traders and the brokers, as brokers can have predictable revenues and traders can budget their bills. These unlimited trading plans with zero brokerage per trade are most suitable for high frequency traders (day traders) rather than swing traders. So check and analyse your last few month’s brokerage report to see whether it make sense to go for the unlimited trading plan or a Flat fee plan.

 

  Sharing is Definitely Caring!:

Hope the article was useful for you. you can find more such interesting and informative articles at our Archives page

And oh yes!, you can share this article with your family and friends who are interested in knowing about the Stock Brokers offering Zero brokerage unlimited trading account through the social buttons on your left/below.


FYERS Review and Brokerage Information


 

Fyers Securities Review

FYERS stands for Focus Your Energy & Reform the Self. Founded by a team of young entrepreneurs in 2015, Fyers making rapid inroads in to discount broking space.  This Bangalore based brokerage firm has pretty different business model and also offer advisory services. Let us understand the brokerage structure and other aspects of Fyers securities in this review.


Update : FYERS Securities is providing following offers

  • Zero Account Opening Charges for Trading account
  • Zero Brokerage for Mutual Fund Investments
  • Zero Call-n-trade Charges

To avail this offer you can visit this page


 

 Fyers Securities Brokerage Charges and Plans

Fyers has revised its brokerage structure from Rs100/order to Rs 20/order. This is now inline with what most of the other discount brokers are charging.

Following Table explains the Brokerage structure of Fyers Securities for various segments. They dont have monthly plans with fixed price for unlimited trading.

 

fyers-Brokerage-charges

  Fyers Securities Trading Platforms

  • Fyers One – Desktop Trading Platform 

         It is an executable Desktop Platform which needs to be installed in the system. It is best suited for the investors and traders who want live market watch and faster execution. 

Fyers-one-dekstop-trading-platform

 

      Some of the Key feature of this desktop based platforms are

  • Trade directly from advanced charts
  • Comprehensive search filters
  • Live scanners & technical screeners
  • Historical EOD data of up-to 5 years and intraday of up-to 3 days (1 min & 5 min)
  • More than 60 technical indicators
  • Access the recent trends in FII & DII Activities, track the latest bulk deals, block deals and delivery data
  • FyersWeb Trader – Web Based Trading Platform

    Through the web based platform, traders can access their accounts from any system connected to the internet. No need to install any softwares. It will be useful for those trade from their office and dont have privileges to install any softwares.

fyer-web-based-trading-platform

        Some of the key features of web based platform are 

  • Provision to place multi-leg orders (useful for option traders)
  • Access to detailed view of portfolio  and its performance
  • Innovative SIP calculator 

   Fyers Markets –  Mobile Trading Platform

    Trade on the go through this mobile platform. They claim it to work at ultra-low bandwidth and light weight.

Fyers-markes-mobile-trading-platform

Fyers-Market-Screenshot

      Some of the key features of mobile platform are 

  • 60+ technical indicators
  • Track Global equities, currencies and commodities
  • View all Bulk & Block deals
  • Get real-time corporate action and news
  • Margin Calculator
  • Option Greeks at your fingertips
  • Trailing Stop Loss & Bracket Order

Read :  Top 10 Stock Trading Platforms of India

  Fyers Fund Transfer

Pay in (Deposit):You can transfer funds into your Trading Account via the following methods.

1. Through Trading Platforms – You can transfer the funds from the linked bank account through any one of their trading platform ( Fyers one, Fyers market or Fyers Web Trader. Your account will be immediately reflected with the fund transferred. But mind you it will costs Rs.10 per transfer.

2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any of the linked bank via NEFT/RTGS. You will not be charged for NEFT/RTGS transfers. But it usually takes between 2 to 10 working hours depending on your bank

Pay out (Withdrawal):A payout can be requested through Fyers back office or any one of their trading platforms.

  Fyers Securities Registration and Contact Information

Fyers Securities SEBI Registration:
INZ000008524 , NSE Member Code: 90061
Fyers Securities Contact Information:
Registered Office Address: No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009
Contact Number : 080 – 4625 1111
Fyers Securities E-Mail : support@fyers.in
Fyers Securities Complaints or Grievances :  management@fyers.in

Read:  Best 10 Online Discount Stock Brokers in India

  Sharing is definitely Caring!

That’s about the review of the Fyers Securities Limited and details about their Brokerage charges . If you already have account with them, let us know your experience and ratings/critics through the comments. Hope you liked this article, you can find more such interesting and informative articles at our Archives page

And oh yes!, please consider sharing this review through the social buttons on your left/below.


Now Trade In Language of Your Own Choice

As most of you know, all the current trading platforms in India are available only in English. While people of tier I cities feel comfortable using the trading tools in English, major portion of the traders residing in tier II cities are using it since they have no other options. Given a chance they would certainly would like to shift to the tools which enable them to transact in a language of their choice.

Looks like finally Stock brokers have started to realize the importance of providing the trading tools in regional languages. As another first in Indian brokerage Industry, Zerodha has introduced this feature to trade in a regional language through their already popular platform named “KITE“. (HDFC Securities already has this feature but it is limited to mobile application)

Read : Detailed review of Zerodha and its Brokerage Charges

  India’s first Kannada Trading Platform

As on November 2015, it is available only in Kannada which is a perfect gift for around 6 crores Kannadigas who are celebrating the Karnataka formation day this month.

 

 

Zerodha in kannada

       Source: Kannada-prabha news daily


            Source: Economic Times


Kite is also available in following 11 Indian languages 

  • Hindi
  • Kannada
  • Telugu
  • Tamil
  • Malayalam
  • Marathi
  • Bengali
  • Gujarati
  • Punjabi
  • Oriya

  Introduction to KITE

KITE is a light weight web-based trading platform that adapts to even mobiles and tablet, offering everything a traditional platform does, and a lot more, through a minimalistic interface.

Zerodha Kite

KITE searches across 70,000 stocks and instruments across multiple exchanges instantly with live streaming prices for all the instruments. It has advanced technical analysis charting (99 indicators) and five years of free historical data for all stocks.

Read : Detailed review of Kite, premier trading platform from Zerodha

Zerodha KITE screen shot

  Salient features of Zerodha KITE

Some of the salient features of KITE are

  • Simple User Interface 
  • Slick charting with exhaustive number of indicators & tools
  • Integrated Trading and Reporting (With Zerodha Q and Quant Platforms)
  • Intuitive search and filters
  • lightning fast trading

 Stock Broking : Customer Driven Market

We had previously written about the best trading platforms in India and hope all of them include the regional languages in coming days.

Read : Best Trading platforms in India for online trading

Customers are indeed benefiting from the technology advances and language should not be a barrier in taking the right decision about their trading and investment. It is really commendable that Zerodha has understood the need for this kind of facility to the Indian traders. You can contact Zerodha to understand more about this wonderful platform which comes totally free with trading account.

Also Read : Step by step procedure to open Zerodha account

Discount Broking – Game of Transaction Charges


If you visit any of the Discount Broker’s website or any related sites, you will find that they are able to offer such a low commission rates because they eliminated the infrastructure overheads such as multiple branches, huge employee benefits etc.

But have you ever wondered, are they able to operate (and profitable) only with brokerage charges as low as Rs 9 to Rs 20?. Is it sufficient enough and rewarding to run a business even with very few employees and single office? And provide all the top class services like advanced softwares, reports etc for free?

Read : 10 Best Trading Platforms of India

  Name of the Game is “Transaction Charges”

NSE Transaction Charges

When you trade with any broker, brokerage is not the only amount which is deducted from your profit (added in case of loss). Take a look at the sample contract note and charges deducted for the trade done. (Click on it to Zoom)

Sample_contract_note

                                                       (Click to Enlarge)

Below are the various charges we incur when we trade with any broker.

  • Brokerage Charges
    • Charged by Broker for his services (Set by the Broker)
  • Transaction/Turnover Charges
    • Charged by Exchanges such as NSE & BSE (but set by Broker)
  • Service Tax
    • Set by the Central government (On Brokerage + Transaction charges)
  • Security Transaction Charges (STT)
    • Set by the Central government
  • Education Cess and Higher Education Cess
    • Set by Central government (on Service Tax)
  • SEBI Charges
    • Set by SEBI on Turnover
  • Stamp Duty
    • Charged by State government

Oh My God, so many taxes isn’t it!. Anyway, first two are the categories where the brokers actually make money and amount from rest of the categories goes in service of our beloved mother India.

First category – “Brokerage charges ” needs no explanation as everyone understand it well. What is really interesting with discount brokers is , the charges is same for the customer who trades with Rs 10,000 and the one with Rs 10 Crores. It is really worth appreciable that unlike full service brokers, discount brokers does not discriminate based on the net-worth of the client!. 

But the transaction charges are not fixed like brokerage charges and this is where they actually make the real money. Higher the value of your trade (turnover), higher the charges you pay. 

  Slabs for Transaction Charges

Transaction charges are the charges levied by the exchanges (this is how exchanges make profit) for carrying out the transaction through them. The charges are fixed by the exchanges depending upon the total turnover per month by the particular broker. Exchanges define various slabs for different turnover amount.  Take a look at the current slabs for the future segment defined by NSE.

NSE Transaction Charges Slabs

Source: NSE Website

As you can see, higher the turnover by the broker, lower the charges he has to pay to the exchanges. So because of this, the broker with high turnover will be able to pass on the benefit to their customers and remain competitive compared to the one with lower turnover. Look at the transaction charges of some of the prominent discount brokers.

Sl NoBrokerTurnover Charges
1Zerodha LogoRs 325/Cr (Delivery)
Rs 325/Cr (Intraday)
Rs 210/Cr (Futures)
Rs 5300/Cr (Options)
2tradejini logoRs 325/Cr (Delivery)
Rs 325/Cr (Intraday)
Rs 200/Cr (Futures)
Rs 5300/Cr (Option)
3compositedge logoRs 375/Cr (Delivery)
Rs 375/Cr (Intraday)
Rs 290/Cr (Futures)
Rs 7000/Cr (Option)
4RKSV logoRs 325/Cr (Delivery)
Rs 325/Cr (Intraday)
Rs 210/Cr (Futures)
Rs 5500/Cr (Option)
5SASonline logoRs 325/Cr (Delivery)
Rs 325/Cr (Intraday)
Rs 250/Cr (Futures)
Rs 6500/Cr (Options)

So the difference between the amount charged by the broker and the amount paid by the broker to the exchanges is the profit to the broker in addition to the brokerage charges.

Let us take an example of Zerodha who charges Rs 2.10/ lakh as the transaction charges. Zerodha at present cloaks turnover of around Rs 7000 crores per day. Assuming 22 trading day per month, net turnover will be around Rs 154000 Crores which is certainly above Rs 15000 crores slab. So the difference of (Rs2.10 – Rs 1.75)/lakh = 0.35/lakh is the amount retained by Zerodha which will be around 54 Lakhs per month.

Sl NoDescriptionFigures
1Turnover Charges By ZerodhaRs 2.10/Lakh
2Turnover Charges By NSERs 1.75/Lakh
3Profit to Zerodha Per LakhRs 0.35
4Turn Over Per dayRs 7000 Crores
5 Profit to Zerodha Per DayRs 2.45 Lakhs
6Turn Over Per MonthRs 154000 Crores
7Profit to Zerodha Per MonthRs 53.9 Lakhs

The revenue through the transaction charges is the one which can be easily quantifiable by the broker as it entirely depends on the turnover amount unlike brokerage charges which based on per order. A trader might carryout the same turnover through single order or multiple orders (due to market conditions) which results in variable brokerages, however net turnover charges is always fixed.

  Wait a minute, Before you conclude anything..

We got to know that, discount brokers make money through transaction charges as well, But what it means to us as traders?. Whether full service brokers are better options in cost effectiveness prospective ?.

Full service brokers are good deal when the trader is looking out for research reports,  to visit near by branches etc. But when it comes to saving on brokerage charges, discount brokers are the ultimate choice. Lets see why.

Take the above example itself. The typical brokerage charged by the full service brokers is 0.05% on the total turnover (for futures). So the brokerage charged by a full service broker with monthly turnover of Rs 154000 crores would be (hold your breath!)

  • Rs 15400 crores x 0.05% = Rs 77 crores !

Yes, these are the charges recovered from the traders as brokerage. Apart from this, full service brokers also charge transaction charges almost equivalent to discount brokers. So for us as traders, it is lesser of the two devils (Full service and discount brokers) that we need to select.

If you are well versed with the market and don’t need any assistance in carrying out your trades, you can save approximately 98% of your brokerage charges by trading with discount brokers. Below are the brokerage charges of leading and most popular discount brokers of India. They tend to provide superior services as compared to trading account by banks as it is their main business and bread & butter. Speak to each of them, ask questions and select the best broker who suits your trading needs.

Sl No BrokerNameBrokerage Contact Information
1Zerodha LogoZerodhaRs 20/Order
2SASonline logoSAS OnlineRs 9/Order
Unlimited Trading Plans:
Rs 499/Month (Currency)
Rs 999/Month
Contact SASOnline
3tradejini logoTradejiniRs 20/Order

4RKSV logoRKSVRs 20/Order
Unlimited Trading Plans:
Rs 1999/Month
Rs 2999/Month
Rs 3999/Month
Rs 9999/Month

5Tradeplus logoTradePlusOnlineUnlimited Trading Plans:
Rs 99/Month
(Options, Currencies & Commodities)
799/Month
(Futures)

*Read: How to open a Zero Brokerage Demat Account online?

Hope you liked this post, you can find more such interesting and informative articles at our Archives page. You can also subscribe to our blog posts through the subscription box below to receive the next post at your Inbox.

And oh yes!, please consider sharing this article through the social buttons on your left/below


Trade Plus Online Review and Brokerage Information


 

  “TradePlusOnline Review

Trade Plus Online has some innovative Brokerage plans compared to other discount brokers. Let us understand each of them in this TradePlusOnline review. But little bit of the background information about Trade Plus Online first.

Tradeplus is the new revamped  online brand of Navia Markets Ltd. And Navia Commodities Broker Pvt. Ltd. They were established 1983 to cater the financial service industry. After a few initial years in Investment Services they became Equity brokers on NSE in 1995, Depository Participant with NSDL in 1997, Equity Stock Brokers in BSE in 2010 and Commodity brokers on MCX in 2009. At present they have 20,000 customer base spread across India and world. 

Recently there is shift in their strategy to move to the discount broking model with name “TradeplusOnline” to reach out to traders in India who are technologically savvy and price sensitive.


 

TradePlusOnline One Month Free Charting Software Offer:


TradePlusOnline is offering One Month Free Charting Software (worth Rs 499) and waiving off the Rs199/- account opening fee as part of their limited period promotional offer. Also there will be cashback up to 40% through PayTM. Click on the offer banner below and fill in the contact information. TradePlus representatives will assist you in opening the free trading account.


 

   Trade Plus Online Brokerage Plans and Charges

Trade Plus Online brokerage charges depends upon the segment you trade

  • Equity Segment (cash Segment for Delivery and Intraday Trading)
    • No Monthly Unlimited Plan available
  • Equity Futures & Options, Currencies Futures and Options and Commodities
    • Only Monthly Unlimited Plans available

Lets understand brokerage and other charge structure for each of the above segments

Equity Segment (cash Segment for delivery and Intraday Trading):

This segment charges are like pay as trade type, you will be charged as per the details below.

tradeplusonline review

Equity Futures & Options, Currencies Futures and Options and Commodities:

For the above segments, TradePlusOnline has monthly unlimited plans. One can do unlimited trades by paying the monthly charges specified below for each segment.

  • Segments – Equity Options, Currencies (F&O) & Commodities (non-agri only)
    • Rs 99 per month
  • Segment – EQUITY FUTURES
    • Rs 799 per month

Also, these are REFUNDABLE plans. No trading means no charge. The monthly charges will be refunded back into your account if you have not traded even once in the month.

Once you avail the above unlimited plans, below are the details of the statutory charges.

  • Equity Futures and Options

tradeplusonline-equity-options-brokerage-charges

  • Currency

tradeplusonline-currency-brokerage-charges

  • Commodities

tradeplusonline-commodities-charges

    Trade Plus Online Value Added Services

The above trading packs are called “Base Packs”.  Apart from Base Packs. clients can subscribe to value added services which they call “Value Packs”. These are add on packs, hence optional. These packs can be funded through PayTM also!. TradePlusOnline provides a portal called Subscription Management Portal (SMP) though which one can activate/deactivate the Value packs. 

Below is the details of the Value Added Services

  • Infini-Power

trade-plus-online-infini-power

INFINI-POWER is real time market information and analytics system for amateur and professional traders. It provides advanced and user friendly charting platform, market sentiment indicators, intraday screening tools, real time market news, FII activity, tools for technical analysis.

  • Call and Trade

One can do unlimited call and trades with this pack. (2 days of call n Trade are free with Base Pack)

  • Instant Trade Confirmation.

Get the instant trade confirmation through SMS when you add on this pack.

  • Research SMS.

Get well researched trading calls through the SMS by adding this pack.

The subscription fee per month for the above packs are shown in below table

tradeplusonline-vas

   Trade Plus Online Trading Platforms

TradePlusOnline provides two types of trading softwares

  • NSE NOW

img class=”aligncenter size-full wp-image-3277″ src=”http://theindianstockbrokers.com/wp-content/uploads/2015/11/market-watch-nse-now.jpg” alt=”nse now” width=”1444″ height=”852″ />

It supports the NSE NOW platform which is basically from National Stock Exchange (NSE). NSE NOW is industry’s prominent trading platform and used by many traders using mobile and tablets. Using NSE NOW you can Access NSE servers directly which boosts trade execution speed, eliminating downtime.  Day-wise and net-wise reports can be viewed. Information and alerts available via mobile, web or email. You can request and access advanced analytical graphs and charts. The web version, EXE version and mobile version is available

  • INFINI-TRADER (For Commodities)

NEST TRADER Screen

INFINI-TRADER (basically NEST software) is a complete trading solution for Investors and Traders, developed by Omnesys Technologies Pvt. Ltd. The software has been developed to provide an integrated system for trading and risk management. It gives you the convenience of secure and real time access to quotes and trading. With NEST Trader you can Place Orders, Modify or Cancel Orders, View Order Book, View Trade Book, View Position Book, View Limits, View Quotes, View Market Picture (MBP).   

   TradePlusOnline Margin/Exposure Details

tradeplusonline-margin-exposure-details

   TradePlusOnline Fund Transfers

Tradeplus does not charge for payin or payout charges. Some of the details are captured in the below table.

tradeplusonline-fund-transfer

   TradePlusOnline Registration and Contact Information:

TradePlusOnline SEBI Registration No:
CM : INB 230770833, FAO INF 230770833, CDR INE 230770833 , BSE INB 10770833. MCX Membership Code: 45345, FMC Unique Membership Code: MCX/TM/COP/1753 |
TradeplusOnline  Contact:
Ganga Griha,4th & 5 th Floor, No.9 (old No. 6D) ,Nungambakkam High Road, Nungambakkam , Chennai - 600 034.
Contact Number : +91-44-39189449
Tradeplus E-Mail : support@tradeplusonline.com
TradeplusOnline Complaints or Grievances : compliance@naviamarkets.com 

   Trade Plus Online Account Opening Charges

  • Trading a/c – Rs. 199 (currently NIL as a promotional offer)
  • Demat a/c opening charges – NIL
  • Demat AMC – Rs. 500 for 5 years (effective Rs. 100 per year) OR Rs. 900 for 10 years (effective Rs. 90 per year)

If you still have any queries, please fill your details in the form below, a dedicated representative from TradePlusOnline will guide you about account opening procedure in detail and clear all the queries,


Also Read:  Best and Popular Stock Brokers of India

That’s about the review of the Trade Plus Online and details about their Brokerage charges . If you already have account with them, let us know your experience and ratings/critics through the comments. Hope you liked this article, you can find more such interesting and informative articles at our Archives page. You can also subscribe to our blog post below to receive the next post at your Inbox.

And oh yes!, please encourage by sharing this article through the social buttons on your left/below.


MyValueTrade Review and Brokerage Information


 

  “MyValueTrade Review

MyValueTrade is subsidiary of Master Trust Group incorporated in 1985. It started the discount brokerage service in August 2014. Because of its large client base, it is able to exceed the turnover of more than 4500+ Crores per day. MyValueTrade offers services across all the segments like equity, currencies, derivatives and commodities on BSE, NSE and MCX exchanges.


Update: MyValueTrade is offering Rs200/- discount on Account Opening Fee of Rs555!. To avail this offer click Here

MyValueTrade Offer


  MyValueTrade Brokerage Charges

MyValueTrade offers two types of Brokerage plans, Per Order Executed Plan and Fixed Brokerage Plan

1) Per Order Executed Plan

MyValueTrade
Charges
Equity DeliveryEquity IntradayFuturesOptionsCurrency FuturesCurrency OptionsCommodity
BrokerageRs 10 Rs 10 Rs 10 Rs 10 Rs 10 Rs 10 Rs 10
STT0.1% on Both Buy & Sell Side0.025% on Sell Side0.017% on Sell Side0.017% on Sell Side (premium)No STTNo STT0.01% on Sell Side
Transaction ChargesNSE/BSE: 0.00325%NSE/BSE: 0.00325%NSE: 0.003%
BSE: 0.015%
NSE:0.06%
BSE:0035% (on premium)
NSE:0.0012%
BSE:0.001%
NSE:0.042%
BSE:0.01%(on Premium)
0.0025%
Service Tax14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)
Education Cess2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax
Higher Education Ces1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax
SEBI ChargesRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 0

Pay only when you trade. Rs 10 is charged per executed order irrespective of the Order size. This is similar to other discount brokers like Zerodha (Zerodha Review) or  RKSV (RKSV Review)

Some of the salient features of this plans are

  • Trade in All Segments
  • No Wrapped up Charges
  • No Turnover Commitments

2) Fixed Brokerage Plan 

MyValueTrade has fixed monthly Brokerage plan and yearly plan as well. On can do unlimited trades across equity, derivatives, currency, and commodity for fixed brokerage charges

  • Per Month Plan Charges : Rs 1,000/-
  • Per Year Plan Charges :  Rs 10,000/-

  MyValueTrade Trading Platforms:

My Value Trade offers 3 types of trading platforms to suite multiple trader requirements

  • MVT Trader: It is an install able software for the desktop users. It is useful for professional traders and investors with features such as seamless, secure & low latency streaming of quotes
  • MVT Classic: This web based platform allows their traders to trade from anywhere using any web browser. Traders dont have to install any software for this.
  • MVT Mobile: It is an mobile based app using which on can easily track portfolio, get stock quotes, and create multiple personalized market watch lists.

  MyValueTrade in comparison with other Stock Brokers:

Check out how MyValueTrade equates with other brokers

MyValueTrade Comparision Matrix
MyValueTrade Vs CompositEdge
Compare
MyValueTrade Vs HDFC Securities
Compare
MyValueTrade Vs ICICIDirect
Compare
MyValueTrade Vs Tradejini
Compare
MyValueTrade Vs ShareKhan
Compare
MyValueTrade Vs TradeSmartOnline
Compare
MyValueTrade Vs RKSV
Compare
MyValueTrade Vs SASOnline
Compare
MyValueTrade Vs Zerodha
Compare

For comparison of MyValueTrade with more brokers, Visit our Side By Side Comparison of Stock Brokers page

  MyValueTrade Fund Transfers:

myvaluetrade

MyValueTrade provides fund transfer facility with 45 Banks as of Now. Traders have to transfer the funds to the provided account number of MyValueTrade and send email to them quoting the reference number

  MyValueTrade Account Opening Charges:

  • Trading Account : Nil
  • Demat Account :  Rs 555
  • Commodity Account : Rs 555
  • Annual Maintenance Charges for Demat Account : Rs 400/Year 

Following are the documents required for opening the account:

  • PAN Card
  • Address Proof
  • 2 passport Size color Photograph
  • 2 Cheques : 1. One Cancelled cheque 2. One Cheque favoring Zerodha amounting to account opening fee

       If you want to trade derivatives then 1 copy of any of the following documents:

  • Pay slip (latest)
  • Form 16 / IT Returns ( latest)
  • 6 month Bank statement (latest)

  My Value Trade Registration and Contact Information

MyValueTrade SEBI Registration 
INB/F/E 230643634 | Member BSE SEBI Registration No. INB/F 010643634 | CIN: U67190MH1994PLC147882 
Master Commodity Services Ltd Member MCX, NCDEX, FMC :- MCX :- MCX/TCM/CORP/O472 Member ID :- 12440 |FMC :- NCDEX :- NCDEX/TCM/CORP/0138 Member ID :- 00092 
| CIN: U67120PB1991PLC011574 
MyValueTrade Contact:
Registered Address: C-1, Jeevan Jyot Building, 18/20, Cawasjee Patel Street, Fort, Mumbai - 400001 
Contact Number : +91-84678-84678 
MyValueTrade E-Mail :helpdesk@myvaluetrade.com
MyValueTrade Complaints or Grievances : investorg@mastertrust.co.in

Also Read:  Leading Discount Stock Brokers in India

  Sharing is definitely Caring!

That’s about the review of the MyValueTrade and details about their Brokerage charges . If you already have account with them, let us know your experience and ratings/critics through the comments. Hope you liked this article, you can find more such interesting and informative articles at our Archives page. You can also subscribe to our blog post below to receive the next post at your Inbox.

And oh yes!, please consider sharing this review through the social buttons on your left/below.


RKSV Review and Brokerage Information


 

RKSV Securities Review

RKSV Securities India Private Limited is a discount share broker headquartered at Mumbai. It was started by three entrepreneurs after returning from US.RKSV stands for the letters of the owners of the company namely, Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath.

Currently they are operating from three location Mumbai, New Delhi and Bangalore. RKSV offers services across all segments like Equities, Futures, Options, Currencies and Commodities.

RKSV Review

  RKSV Securities Brokerage Charges

You pay a flat brokerage of Rs20 for every executed order. If order is not executed, there will be no charges. With this plan you dont have to pay monthly fees (Click here for more details about Brokerage Plan). This brokerage is equal for all the segments i.e Equities, Futures, Options, Currency Futures and Options, and MCX Futures. 

open Online trading account with RKSV

  RKSV Securities Brokerage & Span Margin Calculator

RKSV provides a useful brokerage calculator using which you can have all the details of the expenses you are going to incur whenever you initiate a trade. You can easily find out whether your trade will be in profit or loss using the calculator. Calculate your break even point using the RKSV Securities Brokerage Calculator”

RKSV also provides Span margin calculator, with this you will be aware of the margin requirements before initiating the trade itself. You can construct your portfolio and understand the margin and exposure requirements. Checkout the RKSV margin calculator

Important Update on RKSV: Starting May 2016, RKSV has started Margin Against stocks (Also called Pledging or Collateral). Clients can leverage shares in their demat accounts to obtain margin funding required to make trades. This margin can be used for taking intra-day and overnight positions.

  RKSV Securities Trading Platforms

RKSV Securities offers NEST platform for their clients free of cost. NEST Trader is a complete trading solution for Investors and Traders, developed by Omnesys Technologies Pvt. Ltd. NEST iswell known for its ease of use, its extensive feature set, it’s very low latency order flow mechanism, complete tick by tick market data, multi market access from a single front end, comprehensive and sophisticated risk management.It is one of the fastest, most reliable and user-friendly platforms available in the country today.

RKSV offers NEST for all modes namely Desktop (Software), Web based and Mobile

RKSV NEST Trader (Desktop)

NEST TRADER Screen

RKSV Securities Mobile Trader:

RKSV Mobile Trader

  RKSV Fund Transfer

Pay in (Deposit):You can transfer funds into your Trading Account via the following methods.

1. Through NEST Trader- You can transfer the funds from the linked bank account through the NEST. Your account will be immediately reflected with the fund transferred.But mind you it will costs Rs.7 per transfer. And the maximum amount you can transfer is limited to Rs 5,00,000 per transfer.

2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any of the linked bank via NEFT/RTGS. You will not be charged for NEFT/RTGS transfers

3. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send the scanned copy of the cheque toRKSV

Pay out (Withdrawal):A payout can be requested through RKSV back office. Your withdrawal request will be processed by RTGS/NEFT transfer. You will be charged Rs5 to Rs25 per transaction for NEFT and Rs30 to Rs55 per transactions for RTGS.

  RKSV in comparison with other Brokers

Check out how RKSV equates with other Brokers

RKSV Comparision Matrix
RKSV Vs CompositEdge
Compare
RKSV Vs HDFC Securities
Compare
RKSV Vs ICICIDirect
Compare
RKSV Vs SAS Online
Compare
RKSV Vs ShareKhan
Compare
RKSV Vs Religare
Compare
RKSV Vs TradeJini
Compare
RKSV Vs TradeSmartOnline
Compare
RKSV Securities Vs Zerodha
Compare

  Is RKSV Securities Right for “YOU”?

Like any other discount brokers, RKSV Securities does not offers services in IPO, FPO, Mutual Funds and Offer For Sale (OFS). So RKSV is not for you if you are planning to do any investments in these segments.

RKSV does not offer 3-in-1 account like axis direct or ICICIdirect, so you need to keep in mind that, everytime you should transfer the funds to RKSV account before start trading, not a big disadvantage though. But it will cost you a dime when you withdraw the funds.

RKSV Securities Account Opening:

Visit RKSV website and fill in your details in the form, a dedicated representative from RKSV will contact you soon and guide you about account opening procedure in details and clear all the queries if you have any. Alternatively, you can fill in the below form if you want to send any specific message to RKSV

  RKSV Registration and Contact Information:

RKSV SEBI Registration 
NSE CM: INB231394231  | NSE F&O: INF231394231  | NSE CDS: INE231394231 | 
CDSL: IN-DP-CDSL- 00282534 | NSDL: IN-DP-NSDL-11496819 | BSE CM: INB011394237 |
BSE F&O: INF 011394237 | CDSL: IN-DP-CDSL- 00283831 | NSDL: IN-DP-NSDL-11497282 | 
RKSV Commodities MCX Member Code: 46510 | FMC Regn. No. MCX: MCX/TM/CORP/2034.
Registration Date: July 23, 2010
RKSV Securities Contact:
Registered Address: RKSV, 807 New Delhi House, New Delhi 110001. 
Corporate Office: 212 Trade Centre, BKC, Bandra (E), Mumbai 400 098
Contact Number : +91-22-6130-9999 
New Customers : sales@rksv.in
Existing Customers : support@rksv.in
Back Office : bo@rksv.in
RKSV Securities Complaints or Grievances : complaints@rksv.in

 

Also Read: Top 10 Stock Brokers of Indian Stock Markets

That’s about the review of the RKSV securities. Finally we leave you with Why RKSV information put up on their website. If you already have account with them, please provide your ratings and share your experience through the comments.

open Online trading account with RKSV


Zerodha Review and Brokerage Information

 Zerodha Review -2017

Zerodha was started by Mr. Nitin Kamath, a trader by himself in 2010. It is one of the first online discount brokers of India and currently leads the rest of the pack both in terms of number of customers and daily turnover on the exchanges and has better reviews compared to its competitors. The number of customer as on May 2017 exceeds 2,50,000 (Two Lakh fifty thousand) and the daily turnover of more than 10000 crores, which accounts around 5% of NSE total turnover. For more details visit 20 awesome Reasons that you should not miss about why to Trade with Zerodha put up on their website

Zerodha Background Information: It was 2010, many traders were disappointed when Reliance money discontinued their Prepaid Brokerage card and started charging based on the turnover. Many of them had to forfeit what ever the balance they had on the prepaid card and some of them even had around Rs10000. Only Reliance Money was the affordable broker at that time and that led many traders to lookout for brokers to match their trading profile.

Two of the new kids in the block, Zerodha Brokerage and RKSV started making lots of news in the trading forums and other online platforms.

Zerodha grabbed the attention by its unusual name. By the way Zerodha = Zero + Rodha (meaning “Barrier” in Sanskrit)

If somebody has been associated with them from last few years, surely he/she will agree that Zeodha has evolved tremendously. From support for bank account of a single bank to accounts of five banks. From web based “nowonline” trading platform to “Zerodha Pi”. From single office at Bangalore to 10+ spread across multiple cities!.


Update: Earlier they used to provide only trading account and for demat account, they had tie up with IL&FS. Now they have started their own Demat services which will help the investors in seamless and hassle free transfer of funds and Securities and also reduced DP Charges.

Zerodha-Banner-facebook

Starting from 01st December 2015, all the delivery based transactions done through them are totally free of brokerage charges. Then how does they make money?. For this, you need to visit this page 

If you still have any queries, you can request a free call back from Zerodha here


It is quite evident from the below graph that, Zerodha is able to generate tremendous interest over the time when compared to some of the biggest names of brokerage houses in India.

 Zerodha Brokerage Charges

They charge Flat Rs20 per executed order or 0.01% (Rs Zero for delivery) irrespective of number of shares. When traders first read “Rs20/order”, many of them thought this as another scam building up to suck small investors!. But the new age discount brokers made it possible and revolutionized the way Indians trade.

People started calculating how much they can save by switching to discount brokers like Zerodha or RKSV. For example, compare the brokerage with that of a full service broker who are charging 0.05% on the total turnover (Rs 9001000 in the below example). It was coming around Rs4500 just in brokerage, leave alone other charges. Straight away you will be in the indirect profit of Rs4510 (Rs4500 – Rs40 = Rs4510) as soon you opened your position.

Zerodha savings calculator

Just see the difference, Rs12Lakhs vs Rs10600/- . Savings of almost 12 lakhs by just switching the broker!

We advice you to check out your savings too using the “Zerodha Brokerage Savings calculator

The biggest advantage you can observe is, you need to sell your positions for just 1 point above your buying price to find yourself profitable. If you had to sell your positions with 1 point with traditional brokers, you would find yourself in deep loss just because of brokerage. And Options segment was still worse as they charge between Rs60 to Rs100 per lot!.

Zerodha Brokerage Calculator

You can also find out your exact break-even point using their  “Zerodha Brokerage Calculator“.

Checkout our handy chart of Zerodha Brokerage Fees for your quick reference.

Zerodha Brokerage Charges

 Zerodha Trading Platforms

When Zerodha was started, “nowonline” was the only platform offered which was basically from NSE and not Zerodha. They introduced many resources one after another. Infact their main strategy was to introduce many interactive tools and customer services to attract more clients as they had no resources to advertise and promote.

Today they offers many trading platforms like Zerodha Trader, Zerodha Z5, Zerodha Mobile etc.  Zerodha Pi  and Kite are the latest addition from them. Kite and Pi are the homegrown products of Zerodha whereas the earlier mentioned ones are from Omnesys Technologies Ltd. Most of the other discount brokers still offer the products from Omnesys. However development of inhouse products has given an edge since they have complete control over them in case of any customization or feature enhancement is required. They dont have to depend upon the third party like Omnesys.

1) Zerodha Kite

zerodha-kite-initiate-chart

Zerodha Kite is a light weight HTML 5 based proprietary trading platform developed by them most suitable for trading through browsers, Mobiles and tablets. One can use this platform in 11 languages and Zerodha is the first broker to offer trading in Indian regional languages. The web version of Kite is suitable for someone trading behind the Office firewall and also where installation of external software is prohibited. It is also best suited for the user having low Internet speed of less than 512Kbps. Mobile version of Kite is available for Android and as well as iOS phones.

Read : Zerodha Kite Review : Features and Capabilities : Details

2) Zerodha Pi

zerodha pi Trading platform

Pi is next generation trading platform which offers many features such as Integrated Charting with upto 50000 candles, more than 80 technical analysis indicators etc.

The most important feature is, you can backtest your strategies with the Pi.  This something you usually do with buying third party charting software.

You can find out more about this advanced trading platform at Zerodha PI- Trade like it is 2020

And at last, If you are not a technology freak and uncomfortable with advanced platforms, you can still use “nowonline”. Only disadvantage though is, you can not buy stocks on BSE since the platform is basically from NSE.

And you have good old Call and Trade, but you will be charged Rs20 per order.

Also Read : Details of India’s Best 10 Stock Trading Platforms

 Zerodha in comparison with other Stock Brokers:

Check out how they equates with other brokers

Zerodha Comparision Matrix
Zerodha Vs CompositEdge
Compare
Zerodha Vs HDFC Securities
Compare
Zerodha Vs ICICIDirect
Compare
Zerodha Vs SAS Online
Compare
Zerodha Vs ShareKhan
Compare
Zerodha Vs Religare
Compare
Zerodha Vs RKSV Securities
Compare
Zerodha Vs TradeSmartOnline
Compare
Zerodha Vs TradeJini
Compare

 Zerodha Problems

There are few issues related to them in discussion forums and social media.  However it is the case with any other broker, and we as a traders have to live with this. We just have luxury to choose best among these and must go with the one who atleast addresses our concerns proactively.

 Zerodha Problems

We can expect this only from a CEO who thinks that, success or failure of his firm as question of his own life and death. We have seen Mr. Nitin Kamath answering the concerns of his customers. You can not expect this kind of connect from a larger brokerage firms headed by some board of directors.

Open online Trading Account Button

 Is Zerodha Brokerage Right for “YOU”?

Zerodha is not for you:

* If you are trader expecting some tips from your broker

* If you like to like to see trading account and back office under single platform. Zerodha backoffice is separate  entity and you need to login to see it to access it.

Zerodha is for you:

We have already discussed both many positives and negatives of trading with them.

There are many other positives you find in them against other discount brokers. They have many branches compared to very few branches which other discount brokers has. It makes them more accessible.

60 day challenge : Take up this challenge and if you come up profitable at the end of 60 days, your entire brokerage will be refunded. You will also get certificate and recognition apart from an opportunity to become full time trader with them!. So you can trade on Zero Brokerage for 60 days. More details can be found at 60 day challenge – Meet previous Winners and find out their trading secrets

Bracket and Trailing Stop loss order: It will never be a complete review if we don’t mention about the “Bracket and Trailing Stop loss order” offered by them. This is one feature which normally offered by Forex brokers worldwide and they are the first to offer it in India.  With this you can have increased protection to your open position.

Varsity: Its their attempt to solve the two biggest problems of novice traders, “Lack of knowledge” and “Access to knowledge”

Trading qna: It is another initiative by them leveraging vast knowledge existing among the trading community. It is a forum like platform where in members answer each other queries.

Algorithm Development; With Zerodha Trader you code your technical trading strategies and back test it. This algorithm trading tool is available for free to all the customers.

Zerodha platform provides a plug-in for the widely used technical analysis software AmiBroker, You can directly trade through AmiBroker in the semi-automated or fully-automated way.

 How to open Zerodha Demat and Trading Account?

The quickest and easiest way to open the trading and demat account with them is “Online”. Entire account opening process is online except sending the duly signed form to them through courier.

The first step to open the account would be to visit Zerodha Account Opening page and register yourself as shown below. The biggest advantage of registering is that, you can fill your application at your leisure, that is, if you don’t have any of your personal data right now, you can save the current filled form and relogin at any time to continue the application.

Zerodha-review-screen-shot

Once you fill up all the details, download and print the forms. Sign across at all the necessary places and send it to the address provided at the end of this article.

Read : Detailed article on procedure to open an account with Zerodha

Following are the documents required for opening the account:

a) PAN Card

b) Address Proof

c) 2 passport Size color Photograph

d) 2 Cheques : 1. One Cancelled cheque 2. One Cheque favoring them amounting to account opening fee

If you want to trade derivatives then 1 copy of any of the following documents:

e) Pay slip (latest)

f)  Form 16 / IT Returns ( latest)

g) 6 month Bank statement (latest)

 Zerodha Account Opening Charges:

* If you want to open only Trading Account: Rs 300/-

* If you want to open Demat Account: Rs 850/- (It Includes Rs400/- Annual Maintenance Charge of first year)

* If you want to open only Commodity Trading account: Rs 300/-

 Zerodha Fund Transfer:

Pay in (Deposit): You can transfer funds into your Trading Account via the following methods.

1. Through Zerodha Trader – You can transfer the funds from the linked bank account through the this trading platform. Your account will be immediately reflected with the fund transferred. But mind you it will cost you Rs.9 per transfer. 

2. Through Backoffice– You can transfer the funds from the linked bank account through the their Backoffice. Your account will be immediately reflected with the fund transferred. It will also cost you Rs.9 per transfer. 

3. Through nowonline.in – This is the cheapest and quickest mode of fund transfer if you are still using nowonline. You can transfer the funds from the linked bank account through the nowonline.in. Your account will be immediately reflected with the fund transferred. This mode of fund transfer is free of cost.

4. NEFT/RTGS – Funds can be transferred electronically to your trading account from any of the linked bank via NEFT/RTGS. You will not be charged for NEFT/RTGS transfers

5. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send the scanned copy of the cheque to them

Pay out (Withdrawal): A payout can be requested through thier back office. Your withdrawal request will be processed by RTGS/NEFT transfer. Fund withdrawals are totally free of cost. You can not withdraw funds through nowonline.in

If you still have any queries, please fill your details and the query in the form below, a dedicated representative from Zerodha will guide you about account opening procedure in detail and clear all the queries,in language of your own preference



  Table of Products and Services offered by Zerodha

Type of BrokerDiscount Broker
Supported ExchangesNSE, BSE, MCX-SX and MCX
Trading Account Opening FeesRs 300
Trading Account AMCNIL
Demat Account Opening FeesRs 100
Demat Account AMCRs 300
Brokerage Charges
Equity Delivery BrokerageRs Zero (Yes, Zero Brokerage for Delivery Trades)
Equity Intraday Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Equity Futures Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Equity Options Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Currency Futures Trading Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Currency Options Trading Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Commodity Trading Brokerage0.01% or Rs 20 per executed order, whichever is lower.
Minimum Brokerage ChargesNIL
Monthly Brokerage Plans
Transaction Charges
Equity DeliveryNSE: 0.00325% | BSE: 0.00275% | MCX-SX: 0.002%
Equity IntradayNSE: 0.00325% | BSE: 0.00275% | MCX-SX: 0.002%
Equity FuturesNSE: 0.0021% | BSE: 0.0007% | MCX-SX: 0.0014%
Equity OptionsNSE: 0.053% | BSE: 0.0027% | SX: 0.027% (on premium)
Currency FuturesNSE: 0.00135% | MCX-SX: 0.0013%
Currency OptionsNSE: 0.044% | MCX-SX: 0.037%
CommodityNon-Agri: 0.0031% | Agri: 0.00175%
Features
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Funding
Trading PlatformZerodha Trader , Kite, Zerodha PI
Intraday Square-off Time3:20PM
Investment Services
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Promotional Offers
  • Zero Brokerage Charges for all Delivery Transactions
  • Rs 100/- Off on online account Opening
  • Brokerage Refund if you you are profitable in 60 days

 Zerodha Exposure Margin:

Below table gives the details of the intraday margin (leverage) requirements for various segments like equity, F&O etc.

Item
Equity/Cash
Futures
Options
Currency
Commodity
Margin Benefit4-10 times40% of the exchange prescribed marginNone for buying. depends upon the strike price for selling100% of Exchange prescribed margin50% of Exchange prescribed margin
Margin Time9:15 to 3.109:15 to 3.009:15 to 3.009:15 to 4.4525 minutes before the close
If ShortagePositions will be squared off automaticallyPositions will be squared off by RMS AdminPositions will be squared off automaticallyPositions will be squared off automaticallyPositions will be squared off automatically
Margin Against Stock4-10 times based on the Zerodha's valuation of clients portfolioMargin provided if MTM losses can be brought in on the same dayMargin provided if MTM losses can be brought in on the same dayMargin provided if MTM losses can be brought in on the same day

 Registration and Contact Information:

Zerodha SEBI Registration
NSE CM: INB231390627| NSE F&O: INF231390627 | NSE CDS: INE231390627 | 
BSE CM: INB011390623 | BSE F&O: INF011390623 | MCX-SX CM: INB261390620 |
MCX-SX FO: INF261390620 | MCX-SX CDS: INE261390620 |
MCX Membership Number: 46025 | FMC Code: MCX/TM/CORP/1945| 
CDSL: IN-DP-CDSL- 00278209 | NSDL: IN-DP-NSDL-11496000
NCDEX Membership Number : 1138 | FMC Code: NCDEX/TM/CORP/111 
Zerodha Contact:
Registered Address:  #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bengaluru, Karnataka 560078 
Contact Number : +91 80 4913 2020
E-mail :  india@zerodha.com
Zerodha Complaints or Grievances : complaints@zerodha.com 

 

That’s about the review of the Zerodha Brokerage. Finally we leave you with the link to the information about the team behind Zerodha: Beautiful people behind Zerodha.. If you already have account with them, let us know your experience (good or bad) and ratings/critics or any problems/issues faced through the comments. Also do you recommend them? If yes, Why Zerodha?

Zerodha Request Call Back Button


*Zerodha Marketing Partner

Compositedge Review and Brokerage Information


 

CompositEdge Review

CompositEdge  is a division of Bangalore based Composite Investments Pvt. Ltd (CIPL) which was incorporated in 1995. CIPL provides services across all segments of the financial markets – stocks, stock indices, stock futures, bullion, commodities, oils, agro products, insurance and mutual funds. Let us understand the other features of Compositedge in this review.

Through CompositEdge, CIPL provides flat fee brokerage services. With CompositEdge you can buy & sell stocks, futures, options and mutual funds.

CompositEdge Brokerage Structure

CompositEdge  has a pretty unique brokerage plan. Once you open the account and start trading, you will be charged Rs 18 per order or 0.006% whichever is lower until you cross first 1000 trades milestone. The 1000 trades can be across any of the segment. Once you cross this milestone, you will be charged Rs 15 per order or 0.006% whichever is lower.

CompositEdge Trading Platforms

CompositEdge  offers trading through the NSE NOW. It offers three modes of operation for the NOW platform namely, installation (software) based, web based and mobile based modes.

NSE NOW is basically from National Stock Exchange. NSE NOW is industry’s prominent trading platform and used by many traders using mobile and tablets. Using NSE NOW you can Access NSE servers directly which boosts trade execution speed, eliminating downtime.  Day-wise and net-wise reports can be viewed. Information and alerts available via mobile, web or email. You can request and access advanced analytical graphs and charts

1) Installation (Software based) Trader Work Station

CompositEdge Trader Work Station

 2) Web Based (Through www.nowonline.in)

CompositEdge Trader WEB Station

 3) NSE NOW Mobile 

NSE NOW Mobile Screenshot

 

CompositEdge  Fund Transfer

Pay in: You can transfer funds into your Trading Account via the following methods.

1. Through nowonline.in – You can transfer the funds without any charges if your linked bank account is from axis bank, HDFC bank, kotak bank or ICICI bank. Your account will be immediately reflected with the fund transferred. 

2. Through Back Office: If your linked back account does not belong to any one mentioned above, you can transfer the funds from back office. But mind you it will costs you Rs. 15 + Service tax per transfer. And the maximum amount you can transfer is limited to Rs 10,00,000 . Your account will be immediately reflected with the fund transferred.

3. NEFT/RTGS – Funds can be transferred electronically to your trading account from any linked bank via NEFT/RTGS. 

4. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send the scanned copy of the cheque to CompositEdge  

Pay out: A payout can be requested through CompositEdge  back office. Your withdrawal request will be processed by RTGS/NEFT transfer. Minimum payout request required is Rs1000.

Is CompositEdge  Right for “YOU”?

CompositEdge  is not for you if you are interested in dealing with  IPO and FDs. Like any other discount brokers CompositEdge  does not offer service in these segments. CompositEdge  does not offer 3-in-1 account, so you need keep in mind that, everytime you should transfer the funds to CompositEdge  account before start trading, not a big disadvantage though.

The main differentiating factor which sets out CompositEdge  from other discount factor is, DP account. CompositEdge  has their own DP account and hence you need no open another account with different DP’s which is the case with other discount brokers. You can trade in both NSE and BSE.

CompositEdge  offers Algo trading (Automated trading). If you are trader who wish to automate your trading strategies, CompositEdge   has lot to offer you.

Also Read: Top 10 Online Stock Brokers of India

That’s about the review of the CompositEdge. If you already have account with them, let us know your experience and ratings/critics through the comments.


Trade Smart Online Review and Brokerage Information


 

  “Trade Smart online Review

“Clarity, Cost Effectiveness and Convenience” are the three C’s of focus area for Trade Smart Online. Headquartered  at Mumbai, it offers brokerage services in stock, commodity and currency trading segments.  VNS Finance & Capital Services Limited, which is the parent company of TradeSmartOnline was incorporated in 1994. TradeSmartOnline is member of NSE Cash and Derivative segment, CSDL Depository participant, NCDEX & MCX , Currency Derivative of NSE and MCX and member of BSE. Let us understand the other feature of Trade Smart Online in this review.


Update: TradeSmartOnline is offering double promotional offer : 50% discount on Account Opening Fee + 50% CashBack on the Brokerage generated for the First month!. To avail this offer click Here

TradeSmartOnline Offer


    TradeSmartOnline Brokerage Charges

TradeSmartOnline offers three types of unique trading plans to suit every types of traders. You can select any one of the plan depending upon your trading profile

  • Rs 15 Per Order

You will be charged Rs15 per executed order, irrespective of size of the order across all the segments, CASH, F&O, Currency and Commodity Futures

  • Trade @ 0.7 paise

you will be charged at 0.007% for Equity(Intraday), Equity F&O, Commodities and Currency Derivative trading , 0.07% for Equity delivery and Rs 7 per lot for Options .

  •  Unlimited Trading Per Month

        * Unlimited Trading in Equity(intraday, delivery) and F&O segments for flat Rs 3999 per month.

        * Unlimited currency derivatives trading for fixed Rs 1999 per month

        * Unlimited commodity trading at MCX and NCDEX for flat Rs 3999 per month

       

Checkout our handy TradeSmartOnline brokerage chart for your quick reference (Click on the image to Enlarge)

TradeSmartOnline Brokerage Chart

click to enlarge

  TradeSmartOnline Trading Platforms

TradeSmartOnline offers two different platforms namely NSE NOW and NEST Trader. You can use these two platforms in Browser based, executable(software) or mobile modes.

NOW can be used to trade in Equities, F&O and Currencies. NEST can be used to trade in Equities, F&O, Currencies and Commodities

1. NSE NOW

NSE NOW Mobile Screenshot

TradeSmartOnline supports the NSE NOW platform which is basically from National Stock Exchange (NSE). NSE NOW is industry’s preeminent trading platform and used by many traders using mobile and tablets. Using NSE NOW you can Access NSE servers directly which boosts trade execution speed, eliminating downtime.  Day-wise and net-wise reports can be viewed. Information and alerts available via mobile, web or email. Request and access advanced analytical graphs and charts

2. NEST Trader

NEST TRADER Screen

NEST Trader is a complete trading solution for Investors and Traders, developed by Omnesys Technologies Pvt. Ltd. The software has been developed to provide an integrated system for trading and risk management. It gives you the convenience of secure and real time access to quotes and trading. With NEST Trader you can Place Orders, Modify or Cancel Orders, View Order Book, View Trade Book, View Position Book, View Limits, View Quotes, View Market Picture (MBP)

   TradeSmartOnline Fund Transfers

Pay in: You can transfer funds into your Trading Account via the following methods.

1. Payment Gateway – Funding your trading account through the Payment Gateway is one of the quickest methods to transfer funds from any linked bank account directly into your trading account. But mind you will costs you Rs. 8 per transfer if transferred through NEST platform. If you use NOW platform they it is free of Cost.

There is no cap on minimum and maximum amount of fund transfer in NOW platform. But for NEST, minimum and maximum limits are Rs100 and Rs 5,00,000 respectively per transaction

2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any linked bank via NEFT/RTGS. 

3. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. 

Pay out: A payout can be requested through TradeSmartOnline back office or from either NOW or NEST Platform. Your withdrawal request will be processed by RTGS/NEFT transfer at the end of the same trading day.

   Trade Smart Online in comparison with other Stock Brokers:

Check out how TradeSmartOnline equates with other brokers

TradeSmartOnline Comparision Matrix
TradeSmartOnline Vs CompositEdge
Compare
TradeSmartOnline Vs HDFC Securities
Compare
TradeSmartOnline Vs ICICIDirect
Compare
TradeSmartOnline Vs Tradejini
Compare
TradeSmartOnline Vs ShareKhan
Compare
TradeSmartOnline Vs Religare Securities
Compare
TradeSmartOnline Vs RKSV
Compare
TradeSmartOnline Vs SASOnline
Compare
TradeSmartOnline Vs Zerodha
Compare

For comparison of Tradesmartonline with more brokers, Visit our Side By Side Comparison of Stock Brokers page

  Is TradeSmartOnline Right for “YOU”?

The main differentiating factor which sets out TradeSmartonline from other discount brokers like Zerodha, RKSV is, DP account. TradeSmartOnline has their own DP account and hence you need no open another account with different DP’s which is the case with other discount brokers.

You should consider opening account with them if you are unsure of your trading profile itself!. They provide three different types of brokerage plans and you can switch between the plans

Trade Smart Online unlimted plans are perfect for you if you are do lot of trading and hence don’t want to go with someone who offers “pay as you trade” type of plans. But in case you are an swing trader/investor doing limited trades but the turnover is very high hence do not wish to go for full service brokers, TradeSmartOnline’s Rs15 per trade plan will be good for you.

TradeSmartonline is not for you if you are interested in dealing with mutual funds, IPO and FDs. Like any other discount brokers TradeSmartonline does not offer service in these segments. TradeSmartonline does not offer 3-in-1 account, so you need keep in mind that, everytime you should transfer the funds to TradeSmartonline account before start trading, not a big disadvantage though.

Also Read:  Leading Discount Stock Brokers in India

That’s about the review of the Trade Smart Online and details about their Brokerage charges . If you already have account with them, let us know your experience and ratings/critics through the comments. 

open Online trading account with TradeSmartOnline


Tradejini Reviews and Brokerage Information


 

  “Tradejini Review

“Any Exchange, Any Segment, Big or Small, We trade All”, claimed by Tradejini financial services Pvt Limited, the new entrant in the Indian discount share brokerage arena. Tradejini brokerage was incorporated in 2012. It has corporate office at Bangalore. Tradejini was started by Mr. Kishore Kumar J and Mr. Dinesh Kumar M. Tradejini offers retail trading services across equities, currencies and commodities. It is a member of the major stock exchanges such as NSE, BSE, MCX and MCX-SX and provide full-fledged Demat service through CDSL.  

Tradejini Brokerage Charges

Tradejini’s brokerage structure is pretty much similar to Zerodha’s brokerage plan. It offers Rs20/executed order or 0.01% whichever is lower. Tradejini is also offering 30 days of unlimited free trading. You can get more details at the end of this post.

As we have done with Zerodha (Zerodha Review), Lets calculate the implications of brokerage on our trade using the brokerage calculator. You can clearly see that you need to sell your positions for just one point higher than your buy price to come out profitable(for the numbers used for calculation) . This is the power of discount brokerage for you. 

tradejini brokerage calculator

You can check our handy Tradejini brokerage chart for your reference (Click on it to enlarge)

< sptyle="text-align: justify;"> TradeJini Brokerage Chart

Tradejini Trading Platforms

Tradejini offers three types of trading platforms 

1) NEST Trader

NEST TRADER Screen

NEST Trader is a complete trading solution for Investors and Traders, developed by Omnesys Technologies Pvt. Ltd. The software has been developed to provide an integrated system for trading and risk management. It gives you the convenience of secure and real time access to quotes and trading. With NEST Trader you can Place Orders, Modify or Cancel Orders, View Order Book, View Trade Book, View Position Book, View Limits, View Quotes, View Market Picture (MBP)

2) NSE NOW

NSE NOW Mobile Screenshot

It supports the NSE NOW platform which is basically from National Stock Exchange (NSE). NSE NOW is industry’s prominent trading platform and used by many traders using mobile and tablets. Using NSE NOW you can Access NSE servers directly which boosts trade execution speed, eliminating downtime.  Day-wise and net-wise reports can be viewed. Information and alerts available via mobile, web or email. You can request and access advanced analytical graphs and charts

Tradejini Fund Transfer

It offers multiple Funds Transfer options to suit the various customer needs and convenience.

Payin: payin can be done using either ATOM Gateway or NEFT/RTGS.  You can use Back office or Trading Terminal to use ATOM transfer and the credit will updated instantly but you need to shell out Rs9 for each fund transfer. Otherwise you can use NEFT/RTGS mode which will be free of cost. You need to send screenshot of the fund transfer through email. The credit will be reflected after 1-5 hours. Tradejini supports fund transfer from 25 bank 

Payout: Payout or withdrawal will be through Back office 

Tradejini in comparision with other Stock Brokers

Check out how Tradejini equates with other Share Brokers

TradeJini Comparision Matrix
TradeJini Vs CompositEdge
Compare
TradeJini Vs HDFC Securities
Compare
TradeJini Vs ICICIDirect
Compare
TradeJini Vs SAS Online
Compare
TradeJini Vs ShareKhan
Compare
TradeJini Vs Religare
Compare
TradeJini Vs RKSV
Compare
TradeJini Vs TradeSmartOnline
Compare
TradeJini Vs Zerodha
Compare

For comparison of Tradejini with more brokers, Visit our Side By Side Comparison of Stock Brokers page

Is Tradejini Right for “YOU”?

Tradejini provides almost all the features offered by new age discount brokers, Their brokerage is also very competitive in the industry. Tradejini does not offer 3-in-1 account. It is very new to the brokerage industry and currently located at Bangalore. But with 30 years of Industry experience and good customer support, its founder are able to generate good faith among the traders.

Tradejini Account Opening:

Visit Tradejini website to open the account, alternatively you can fill in your details in the form below, a dedicated representative from Tradejini will contact you soon and guide you about account opening procedure in details and clear all the queries if you have any.


Tradejini 30 days Free Unlimited Trading Offer:

Tradejini offering limited period promotional offer of 30 days of unlimited free trading without any brokerage fees. Traders can make use of this offer as RKSV (RKSV Reviews) charges around Rs10,000/- for the similar package in their RKSV Utimate Plan. One can open trading account with Tradejini even if you are not interested to trade with them after one month as there is no annual maintenance charge for trading account ( Rs300 for Demat account). 

Probably this is the first time in India that traders have the oppurtunity to evaluate the software/tools and quality of service of a broker without paying any brokerage (Trial Period). If nothing else, you can save your’s one month brokerage fees. Check out this amazing offer through the button below. Fill out your details and somebody from Tradejini will be in touch with you and explain other offerings they have for you.

    Details of Tradejini 30 days Unlimited Trading Offer

 

Tradejini Registration and Contact Information:

Tradejini SEBI Registration 
BSE-CM : INB011465532 | INF-F&O : INF011465532 
NSE CM : INB 231465536 | NSE F&O : INF231465536 | 
NSE CDS INE231465536 
MCX SX-CM : INB261465539 | MCX SX-F&O : INF261465536 | 
MCX SX-CDS : INE261465536 
CDSL Depository Participant : IN-DP-CDSL-681-2013
Tradejini Commodity Pvt Ltd : MCX : 46430 | 
FMC UNIQUE MEMBER CODE : MCX/TM/CORP/2016 
Tradejini Contact:
Registered Address: Suvas, No.4, Shankarmutt Road, 3rd Cross, 
Shankarpuram, Bangalore-560 004. 
Corporate Office: Vasavi Square, 2nd Floor, No. 75/757, 10th Main Road, 
4th Block, Jayanagar, Bangalore-560 011
Contact Number : +91-80-40204020
E-mail : help@tradejini.com
Tradejini Grievances or Complaints: complaints@tradejini.com

Also Read: Best Brokers for Online Trading in India

That’s about the review of the Tradejini Brokerage. If you already have account with them, let us know your experience and ratings/critics through the comments.


SAS Online Review and Brokerage Information


 

  “SAS Online Review

Incorporated in 1995, SAS Online Brokerage (South Asian Stocks Ltd) jumped into the Discount Broking bandwagon recently and doing fairly well. SAS Online offers brokerage services for stocks, future and options on NSE, BSE and MCX exchanges. Let us understand all the features offered by SAS Online through this review.

 


SAS Online Zero Account Opening Fee Offer:

SAS Online review

SAS Online is waiving off the Rs200/- account opening fee as part of limited period promotional offer. Click on the offer banner above and fill in the contact information. SASOnline representatives will assist you in opening the free trading account.

open SAS Online Trading account


 

  SAS Online Brokerage Structure

Four difference brokerage schemes are offered by SAS Online:

1) Rs 9 per trade Plan

Rs 9 per trade Plan offers trading at flat Rs 9 per trade irrespective to the size of the trade.  you will pay ‘Rs 9 per executed order or 0.01% whichever is lower.

2) Rs 999 MCX Plan

This trading plan offers unlimited monthly trading in commodities at MCX stock exchange for flat Rs 999 per month.

3) Rs 999 Equity Plan

You can avail unlimited trading in equity segment (Cash and F&O) for flat Rs 999 per month. Trading under this plan is available at BSE Cash, NSE Cash and NSE F&O segment.

4) Rs 499 Currency Plan

If you are dealing in currency segment, this scheme is best suited for you . This plan offers unlimited trading in currency derivatives segment at NSE for flat Rs 499 per month.

Checkout our handy SAS Online brokerage chart for your quick reference (Click on the image to Enlarge)

SAS Online Brokerage Charges

  SAS Online Trading Platforms

1) SAS NEST Trader

SAS Online NEST TRADER Screen

SAS Online offers NEST platform for their clients free of cost. NEST is well known for its ease of use, its extensive feature set, it’s very low latency order flow mechanism, complete tick by tick market data, multi market access from a single front end, comprehensive and sophisticated risk management. It is one of the fastest, most reliable and user-friendly platforms available in the country today.

2) SAS Mobile Trader

SASOnline Mobile Trader

This one is the mobile platform offered by SAS Online. One can trade across Equities, Future & Options, Currency & Commodity in NSE, BSE & MCX. Access the various intraday charts, check you holdings and manage the passwords through this platform itself.

  SAS Online Fund transfer

Pay in: Funds can be transferred only from your bank accounts which are mapped in SAS online backoffice. You can transfer funds into your Trading Account via the following methods.

1. Payment Gateway – Funding your trading account through the Payment Gateway is one of the quickest methods to transfer funds from any linked bank account directly into your trading account. But mind you will costs you Rs. 9 per transfer.

2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any linked bank via NEFT/RTGS. Funds transferred from a HDFC bank account will result in instant credit. Funds transferred from any other bank will usually take 3-4 hours through RTGS/NEFT

3. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send a Scanned copy of the cheque to SAS online for the funds to reflect in your account

Pay out: A payout can be requested through SAS Online back office. Your withdrawal request will be processed by RTGS/NEFT transfer at the end of the same trading day.

  SASOnline in comparison with other Stock Brokers:

Check out how SASOnline equates with other brokers

SASOnline Comparision Matrix
SASOnline Vs CompositEdge
Compare
SASOnline Vs HDFC Securities
Compare
SASOnline Vs ICICIDirect
Compare
SASOnline Vs Tradejini
Compare
SASOnline Vs ShareKhan
Compare
SASOnline Vs Religare Securities
Compare
SASOnline Vs RKSV
Compare
SASOnline Vs TradeSmartOnline
Compare
SASOnline Vs Zerodha
Compare

For comparison of SASOnline with more brokers, Visit our Side By Side Comparison of Stock Brokers page

  Is SAS Online Right for “YOU”?

SAS Online is not for you if you are interested in dealing with mutual funds, IPO and FDs. Like any other discount brokers SAS Online does not offer service in these segments. SAS Online does not offer 3-in-1 account, so you need keep in mind that, everytime you should transfer the funds to SAS Online account before start trading, not a big disadvantage though.

SAS Online is perfect for you if you are do lot of trading and hence don’t want to go with someone who offers “pay as you trade” type of plans. Their Rs999 and Rs499 plans will be best suited for you.  But in case you are an swing trader/investor doing limited trades but the turnover is very high hence do not wish to go for full service brokers, SASOnline’s Rs9 per trade plan will be good for you

If you still have any queries, please fill your details in the form below, a dedicated representative from SASOnline will guide you about account opening procedure in detail and clear all

  SASOnline Registration and Contact Information:

SASOnline SEBI Registration:
NSE SEBI Registration No.:INB230907337 | INF230907337 | INE230907337 | BSE SEBI Registration No. : INB010907336 / INF01090733 | NSDL: IN-DP-NSDL-3742014
SASS Online Commodities Pvt Ltd. : MCX Member Code : 55215 , FMC Unique Membership Code (UMC) No.: MCX/TM/CORP/2055
SASOnline Contact Details :
Registered Address: 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar,
Near Karkarduma Metro Station. East Delhi - 110092
Contact Number :  011- 4040 9 999 
Support (email): support@sasonline.in
SasOnline Complaints or Grievances : complaints@sasonline.in

 

Also Read: Top 10 Stock Brokers of Indian Share Markets

That’s about the review of the SAS online and its brokerage charges. If you already have account with them, let us know your experience and ratings/critics through the comments 

open SAS Online Trading account


Leave a Comment


Copyright ©2017 theindianstockbrokers.com | All Rights Reserved | Privacy Policy | Terms of Use | Sitemap |

Disclaimer: theindianstockbrokers.com has taken due care and caution in compilation of data for its web site. Information has been obtained from different sources which it considers reliable. However, theindianstockbrokers.com does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. theindianstockbrokers.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. All Logos & Trademark belongs to their respective owners. The Information on Brokerage charges, trading platforms, background, and others have been acquired from customer support teams and/or from the respective company websites and brochures . If you are a brokerage firm and find any discrepancy, please Contact Us