Anand Rathi Vs iTradeOnline (Compare Anand Rathi and iTradeOnline)


Anand Rathi
Incorporated in 1994, Anand Rathi is Mumbai based firm engaged in financial and advisory services that includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds, and insurance. Anand Rathi is a full-service broker offering brokerage services to retail and institutional customers. Anand Rathi has a presence in India as well as internationally through offices in Dubai. Anand Rathi has a network across 1200+ locations se... Know more about Anand Rathi


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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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
Open an Online Trading Account with Anand Rathi.Open an Online Trading Account with iTradeOnline.
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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
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Anand Rathi Vs iTradeOnline Brokerage Charges & Plans

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)
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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 No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
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    Rate Anand Rathi 7 Customer Reviews    Rate iTradeOnline
Fees 3.2 3.9
Brokerage 3.2 4.1
Trading Platform 3.0 3.9
Customer Service 3.4 3.7
Research Capabilities 3.5 1.0
Overall Ratings Rated 3.1 stars Rated 4.0 stars
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
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Contact Broker / Request A Call Back

  Anand Rathi Enquire iTradeOnline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Anand Rathi Vs iTradeOnline Investment Options

  Anand Rathi iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management
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Anand Rathi Vs iTradeOnline Order Type Offered

  Anand Rathi iTradeOnline
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Anand Rathi Vs iTradeOnline Research Report

  Anand Rathi iTradeOnline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Anand Rathi Vs iTradeOnline Suitable For Investor Type

  Anand Rathi iTradeOnline
Casual Investor
Active Investor Yes Yes
Trader Yes
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Anand Rathi Vs iTradeOnline - Pros and Cons

  Anand Rathi iTradeOnline
Pros
  1. They have 200 branches for extensive reach.
  2. call & trade is also available.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  4. Trading is available in both BSE and NSE.
  5. 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
  1. AnandRathi brokerage is high and not negotiable.
  2. They don't offer 3 in 1 account.
  3. 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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