Compare Zerodha
Zerodha
Tradesmartonline
Tradesmartonline

Background

Year of Incorporation 2010 1994 as VNS Finance & Capital
Website http://www.zerodha.com http://www.tradesmartonline.in
Phone 080-40402020 022-42878000
Exchanges enabled NSE, BSE, MCX-SX & MCX NSE, BSE
Demat (NSDL/CDSL) CDSL - ZERODHA SECURITIES PVT. LTD. CDSL
Background Rating


Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

Profit after Tax FY11/12 Rs 2.3 Crores Rs 4 Lakhs
Profit after Tax FY12/13 Rs 5.8 Crores Rs 17 Lakhs
Profit after Tax FY13/14 Rs 10.27 Crores Rs 23 Lakhs
Profit after Tax FY 14/15 Rs 19.3 Crores Rs 1.2 Crores
Profit after Tax FY 15/16 Rs 44.2 Crores
Profit after Tax FY 16/17 Rs 88.4 Crores  
Debt FY11/12 0 Rs 8.7 Lakhs
Debt FY12/13 0 Rs 6 Lakhs
Debt FY13/14 0 Rs 3.05 Crores
Debt FY14/15 0 Rs 4.4 Crores
Debt FY15/16 0
Debt FY 16/17 0  
Profit to Equity(%) FY11/12 152 0.99
Profit to Equity(%) FY12/13 244 2.63
Profit to Equity(%) FY13/14 147 3.54
Profit to Equity(%) FY14/15 120 19
Profit to Equity(%) FY15/16 169
Profit to Equity(%) FY16/17 168  
Balance Sheet Size FY11/12 Rs 25.4 Crores Rs 9.26 Crores
Balance Sheet Size FY12/13 Rs 64.5 Crores Rs 9.28 Crores
Balance Sheet Size FY13/14 Rs 111.1 Crores Rs 22.35 Crores
Balance Sheet Size FY14/15 Rs 198 Crores Rs 36 Crores
Balance Sheet Size FY15/16 Rs 417.8 Crores
Balance Sheet Size FY16/17 Rs 1072 Crores  
Financial Health Rating


Online Presence
Online Presence

Google trend over time



Active clients

Active clients data source: NSE, as on end of every calendar year in December. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

Active clients - 2013 17,523 4,223
Active clients - 2014 30,379 7,542
Active clients - 2015 61,970 9,644
Active clients - 2016 1,28,736 10,944
Active clients - 2017 4,11,796  
Active clients Rating


Brokerage

Equity 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday) Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Equity Futures Rs 20/executed order or 0.01% whichever is lower Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Equity Options Rs 20/executed order or 0.01% whichever is lower Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Currency Futures Rs 20/executed order or 0.01% whichever is lower Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Currency Options Rs 20/executed order or 0.01% whichever is lower Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Commodity Rs 20/executed order or 0.01% whichever is lower NA
Brokerage Rating


Account Opening Costs

Trading only Rs 300 if couriered & Rs 200 if you print the form Rs 400
Trading & Demat Rs 200 if couriered & Rs 100 if you print the form Rs 400
Commodity Rs 300 if couriered & Rs 200 if you print the form NA
Account Opening Costs Rating


Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% on Turnover 0.0035% of Turnover
Futures 0.0021% on Contract Turnover 0.0024% of Turnover
Options 0.053% on Premium Turnover 0.0715% of Premium Turnover  
Commodities 0.0031% on Contract turnover NA
AMC charge Trading: 0, Demat: Rs 300/year Rs 300/yr
DP Transaction Charge Rs 14 per debit instruction Rs 15/debit instruction
Offline order placing Charge Rs 20 per executed order Rs 20/executed order
Transparency & other costs Rating


Platforms

Software
Web/HTML 5
Mobile
Platforms Rating


Charting

Intraday 365 days on Zerodha Pi 5 days on NOW
End of Day 10 years on Zerodha Pi 10 years on NOW
Coding/Backtesting
Charting Rating


Reporting

Online Trade Reports  
Online PNL Reports  
Online Contract Notes
Reporting Rating


Margins

Leverage Provided

Equity Upto 20 times intraday, 0 for Delivery Upto 5 times for intraday, 0 for delivery
Equity Futures Upto 7 times intraday leverage Upto 2 times for intraday
Equity Options Buying no leverage, Shorting upto 7 times leverage intrdaday No Margin
Currency Futures 2 times intraday leverage Upto 2 times for intraday
Currency Options Buying no leverage, Shorting upto 2 times intraday leverage No Margin
Commodity 2.5 times intraday leverage NA
Margins Rating


Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Support & Tools Rating


Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Convenience Rating

Our Review

Zerodha is the biggest discount broker in India and is well known for its cutting edge and intuitive platforms. Pros: Great pricing and platforms, responsive support. Cons: No margin funding. Read More