Zerodha vs AnandRathi – Point by Point comparison

Zerodha is an Indian flat free share broker which is based in Bangalore. It offers trading in stock, commodity and currency derivative. Anandrathi was incorporated in the year 1994 and is an Indian firm engaged in financial and advisory services. These include wealth management, investment banking, corporate advisory, brokerage and distribution of equities.

While Zerodha is a discount broker, Anandrathi is a full service broker. Zerodha trades in NSE, BSE, MCX-SX and MCX. Anandrathi trades in NSE, BSE, MCX, NCDEX and NSEL. Both of them offer a standard plan as the account type.

As far as the charges are concerned, the trading account opening fees is Rs. 300 in Zerodha and Rs. 750 in Anandrathi. The trading account AMC is charged nothing in both of them. The demat account opening fees is Rs. 300 in Zerodha and Rs. 550 in the case of Anandrathi.

The equity delivery brokerage is 0 in case of Zerodha and for Anandrathi it lies between 0.5%- 0.15%. The equity intraday brokerage is Rs. 20 in case of Zerodha and 0.05%-0.015% in Anandrathi.

The features offered by both of them are almost alike. 3-in-1 account facility is available in neither of them.

Zerodha AnandRathi
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX-SX, MCX BSE, NSE, MCX, NCDEX and NSEL
Fees for Opening Trading Account Rs. 300 Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 150 Rs. 300
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 550
Brokerage Charges Equity Delivery Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.5% to 0.15%
Equity Intraday Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.05% to 0.15%
Equity Future Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.05% to 0.15%
Equity Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower 2% to 0.5% on premium or Rs. 75 to Rs. 20
Currency Futures Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.05% to 0.15%
Currency Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower 2% to 0.5% on premium or Rs. 75 to Rs. 20
Commodity Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.008% to 0.05%
Minimum Brokerage Charges Nil NA
Transaction Charges Equity Delivery For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.00%
Equity Intraday For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.00%
Equity Futures For BSE: 0.0007%, for NSE: 0.0021% & for MCX-SX: 0.0014% For BSE: 0.0021% & for NSE: 0.0041%
Equity Options For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium 0.07% on Premium
Currency Futures For NSE: 0.00135% & for MCX-SX: 0.0013% 0.00%
Currency Options For NSE: 0.044% & for MCX-SX: 0.037% 0.07% on Premium
Commodity 0.0031% (Non-Agri) & 0.00175% (Agri) 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y NA
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform Zerodha Trader, Z5 &Zerodha PI NA
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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