Compare Top 3 Brokerage Firms
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Compare Top 3 Brokerage Firms


Basic Details of Top 3 Firms:

Year of Incorporation  2010 2000 1987
Website  http://www.zerodha.com http://www.icicidirect.com http://www.motilaloswal.com 
Phone  080-40402020  022-28307700  022-30896680 
Exchanges enabled  NSE, BSE, MCX-SX & MCX  NSE & BSE  NSE, BSE, MCX-SX, MCX & NCDEX 
Demat (NSDL/CDSL)  CDSL – ZERODHA SECURITIES PVT. LTD.  NSDL & CDSL  NSDL/CDSL 
Balance Sheet Size FY17/18  Rs 2300 Crores  Rs 2870 Crores  Rs 4975.6 Crores 
Active clients – 2018  24,00,000 Clients 9,50,000 Clients 4,00,000 Clients

Brokerages & Other charges:

Equity Brokerages 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday) Equity Intraday 0.05% & Delivery 0.25%- Negotiable  0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.015/0.15% if brokerage paid upfront 
Equity Futures Rs 20/executed order or 0.01% whichever is lower  0.05% of Turnover for Overnight & Intraday only one side- Negotiable  0.05% – Reduces upto 0.015% if brokerage paid upfront 
Equity Options Rs 20/executed order or 0.01% whichever is lower  Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable  Rs 70/lot – Reduces upto Rs 30/lot if brokerage paid upfront 
Currency Futures  Rs 20/executed order or 0.01% whichever is lower  0.05% of Turnover for Overnight & Intraday only one side – Negotiable 0.05% – Reduces upto 0.015% if brokerage paid upfront 
Currency Options  Rs 20/executed order or 0.01% whichever is lower  Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 20/lot 
Commodity Rs 20/executed order or 0.01% whichever is lower NA 0.05% – Reduces upto 0.015% if brokerage paid upfront
Trading only Rs 300 if couriered & Rs 200 if you print the form NA NA
Trading & Demat Rs 200 if couriered & Rs 100 if you print the form Rs 975 for 3 in 1 Account Free, but with Margin Cheque
Commodity Rs 300 if couriered & Rs 200 if you print the form NA Free, but with Margin Cheque
Equity 0.00325% on Turnover 0.00325% of Turnover 0.00325% of Turnover
Futures 0.0019% on Contract Turnover 0.0019% of Turnover 0.00200% of Turnover
Options 0.05% on Premium Turnover 0.05% of Turnover 0.051% of Premium Turnover
Commodities 0.0026% on Contract turnover NA 0.0025% of Turnover
AMC charge Trading: 0, Demat: Rs 300/year Rs 450/Year Free
DP Transaction Charge Rs 14 per debit instruction Rs 25/Transaction or 0.05% whichever higher Rs 20/Debit Transaction
Offline order placing Charge Rs 20 per executed order Nil Nil

Margin & Interest on Margins:

Equity Upto 20 times intraday, 0 for Delivery Intraday upto 25 times & Delivery upto 5 times for interest Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 7 times intraday leverage Upto 4 times for intraday Upto 2 Times Intraday
Equity Options Buying no leverage, Shorting upto 7 times leverage intrdaday Not for buying but upto 2 times for shorting Nil
Currency Futures 2 times intraday leverage NA Upto 2 times Intraday
Currency Options Buying no leverage, Shorting upto 2 times intraday leverage NA NA
Commodity 2.5 times intraday leverage NA Upto 2 times Intraday

Over a Decade of trading experience I prefer to choose and trade in the Zerodha Platform, Zerodha now holds number 1 position in India.

To Open Zerodha Account – click Here

To know the platform and other detailed information in Zerodha – click Here

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