IDBI Capital vs Zerodha – Point by Point Comparison

The type of broker offered by IDBI Capital is a Full Service Broker and Zerodha offers a Discount Broker. Also there is a considerable difference when it comes to fee for opening trading account. One one hand IDBI Capital takes a charge of Rs 700 and on the other Zerodha asks for a nominal charge of Rs 300. There is no fees associated with opening demat account when IDBI Capital is chosen, whereas Zerodha takes a charge of Rs 150 for providing the same service. For Zerodha the brokerage charges such as equity delivery charges, equity intraday charges and equity future are same, but for IDBI Capital, they range from 0.01% to Rs 20 per executed order (whichever is lower).  Features such as 3-in-1 account and online portfolios are being provided by IDBI Capital but Zerodha does not provide these services. Zerodha does not provide investment services like IPO, mutual funds, debt and bonds, whereas these services are being provided by IDBI Capital.

    IDBI Capital Zerodha
Basic Information Type of Broker Full Service Broker Discount Broker
Exchanges BSE, NSE BSE, NSE, MCX-SX, MCX
Fees for Opening Trading Account Rs. 700 Rs. 300
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 150
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% 0.01% or Rs. 20 per executed order. Whichever is lower
Equity Intraday Charges 0.08% 0.01% or Rs. 20 per executed order. Whichever is lower
Equity Future Charges 0.08% 0.01% or Rs. 20 per executed order. Whichever is lower
Equity Options Charges Rs. 100 per lot 0.01% or Rs. 20 per executed order. Whichever is lower
Currency Futures Charges NA 0.01% or Rs. 20 per executed order. Whichever is lower
Currency Options Charges NA 0.01% or Rs. 20 per executed order. Whichever is lower
Commodity Charges NA 0.01% or Rs. 20 per executed order. Whichever is lower
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Nil
Transaction Charges Equity Delivery 0.00% For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002%
Equity Intraday 0.00% For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002%
Equity Futures 0.00% For BSE: 0.0007%, for NSE: 0.0021% & for MCX-SX: 0.0014%
Equity Options 0.051% on Premium For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium
Currency Futures NA For NSE: 0.00135% & for MCX-SX: 0.0013%
Currency Options NA For NSE: 0.044% & for MCX-SX: 0.037%
Commodity NA 0.0031% (Non-Agri) & 0.00175% (Agri)
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts NA N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Power Pro Zerodha Trader, Z5 &Zerodha PI
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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