Zerodha vs Geojit BNP Paribas – Point by Point Comparison

Geojit BNP Paribas is an old full service broker that was established in 1980s. Zerodha is however a recently launched online discount broker that came into existence in 2010 for the purpose of online share trading. Geojit BNP Paribas and Zerodha work on similar exchanges and yet differ a lot in the charges that they apply.

When it comes to basic charges for opening a trading account, Zerodha charges Rs. 300 whereas Geojit BNP Paribas charges Rs. 800 and both the brokers provide free annual maintenance to their customers. The profit to equity percentage of Zerodha is much more than that of Geojit BNP Paribas. The trading platform of Geojit BNP Paribas is Flip Platinum while Zerodha uses ‘PI’ as its trading platform.

The equity charges applied by Zerodha are somewhat lesser than Geojit BNP Paribas. The latter charges 0.03% per executed order or Rs. 75 specifically in some cases. However, the former keeps a consistent rate of 0.01% or Rs. 20 whichever comes out as a lower price.

The equity turn over turns out to be almost same for both the brokers despite its varying profit to equity percentage. Geojit offers high-end customer services along with the basic amenities that are covered in Zerodha.

Zerodha Geojit BNP Paribas
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX-SX, MCX BSE, NSE, MCX-SX
Fees for Opening Trading Account Rs. 300 Rs. 800
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 150 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 350
Brokerage Charges Equity Delivery Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.30%
Equity Intraday Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Equity Future Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.03%
Equity Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 75 per lot
Currency Futures Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 10 to Rs. 15 (vary as per contract)
Currency Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 10 to Rs. 15 (vary as per contract)
Commodity Charges 0.01% or Rs. 20 per executed order. Whichever is lower NA
Minimum Brokerage Charges Nil Re. 0.01 per share or Rs. 20 per contract, whichever is higher
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% 0.00%
Equity Options For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium 0.055% 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% 0.0473% on Premium
Commodity 0.0031% (Non-Agri) & 0.00175% (Agri) NA
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform Zerodha Trader, Z5 &Zerodha PI Flip Platinum
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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