Anand Rathi Vs iTradeOnline (Compare Anand Rathi and iTradeOnline)

Anand Rathi Vs iTradeOnline

Incorporated in 1994, Anand Rathi is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX & NSEL. It has 1200 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Anand Rathi	iTradeOnline
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX, NCDEX & NSEL	BSE, NSE, MCX
Year of Incorporation	1994
Number of Branches	1200
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Anand Rathi Vs iTradeOnline Charges & AMC

Anand Rathi trading account opening charges is Rs 552 (including GST) while iTradeOnline account opening changes is Rs 0 (Free). Anand Rathi Demat Account AMC Charges is Rs 299 from second year onward and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	Anand Rathi	iTradeOnline
Trading Account Opening Charges	Rs 552 (including GST)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 550	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 299 from second year onward	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

Anand Rathi Vs iTradeOnline Brokerage

Anand Rathi brokerage charges for equity is 0.5% - 0.15% and intraday is 0.05% -0.015% whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

	Anand Rathi	iTradeOnline
Account Type	Standard Plan	Pay Per Trade
Fixed Charges	NA	Rs 0
Equity Delivery	0.5% - 0.15%	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	0.05% -0.015%	Rs 20 per executed order or .01% whichever is lower
Equity Futures	0.05% - 0.015%	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 75 to Rs 20	Rs 20 per executed order or .01% whichever is lower
Currency Futures	0.05% - 0.015%	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 75 to Rs 20	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	0.008% - 0.05%	Rs 20 per executed order or .01% whichever is lower
Commodity Options
Special Offer		Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Anand Rathi Charges Vs iTradeOnline

Minimum Brokerage		Rs 0 (No Minimum Brokerage)
Other Charges		Physical contact notes: Rs 20
Call & Trade Charges		Rs 0 (Free)

Anand Rathi Vs iTradeOnline Transaction Charges

Anand Rathi transaction charges for options is Rs 7000 per Cr (0.07%) while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Anand Rathi	iTradeOnline
Equity Delivery	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday	NSE Rs 350 per Cr (0.0035%) | BSE Rs 350 per Cr (0.0035%) (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures	NSE Rs 410 per Cr (0.0041%) | BSE Rs 210 per Cr (0.0021%) (each side)	NSE Rs 190 per crore (0.0019%)
Equity Options	Rs 7000 per Cr (0.07%)	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 350 per Cr (0.0035%)	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options	Rs 7000 per Cr (0.07%)	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity	Rs 350 per Cr (0.0035%)	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Anand Rathi Vs iTradeOnline Leverage (Margin)

Anand Rathi margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the iTradeOnline margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Anand Rathi	iTradeOnline
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Anand Rathi and iTradeOnline Features

The trading platforms offered Anand Rathi include Trade X. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	Anand Rathi	iTradeOnline
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Trade X	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time		Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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Anand Rathi Vs iTradeOnline Review

Anand Rathi is rated 3.1 of 5 based on 14 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	Anand Rathi	iTradeOnline
	14 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Anand Rathi is rated 3.1 of 5 based on 14 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

Anand Rathi Vs iTradeOnline Investment Options

	Anand Rathi	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

Anand Rathi Vs iTradeOnline Order Type Offered

	Anand Rathi	iTradeOnline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Anand Rathi Vs iTradeOnline Research Report

	Anand Rathi	iTradeOnline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Anand Rathi Vs iTradeOnline Suitable For Investor Type

	Anand Rathi	iTradeOnline
Casual Investor
Active Investor
Trader

Anand Rathi Vs iTradeOnline - Pros and Cons

	Anand Rathi	iTradeOnline
Pros	They have 200 branches for extensive reach. call & trade is also available. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available. Trading is available in both BSE and NSE. Low bandwidth website is available for slow internet connection or for trading from mobile devices.	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
Cons	AnandRathi brokerage is high and not negotiable. They don't offer 3 in 1 account. There are some extra charges for their featured products.	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers		Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
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