Karvy Vs iTradeOnline (Compare Karvy and iTradeOnline)

The side-by-side comparison of Karvy and iTradeOnline. Compare Karvy Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Karvy vs iTradeOnline?


Karvy

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd


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 ₹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 f... Know more about iTradeOnline by Trustline

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Karvy Vs iTradeOnline

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Karvy iTradeOnline
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Retail Brokerage Plan Pay Per Trade
Year of Incorporation 1985
Number of Branches 575
Broker Enquiry Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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Karvy Vs iTradeOnline Charges & AMC

Karvy trading account opening charges is ₹650 while iTradeOnline account opening changes is ₹0 (Free). Karvy Demat Account AMC Charges is ₹420 and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Karvy iTradeOnline
Trading Account Opening Charges ₹650 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹420 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Karvy Vs iTradeOnline Brokerage Charges & Plans

Karvy Vs iTradeOnline Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  Karvy iTradeOnline
Account Type Retail Brokerage Plan Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.3% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot
Special Offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Karvy Vs iTradeOnline Brokerage Plan 2

  Karvy iTradeOnline
Account Type Premium Subscription Plan of 100000 Pay Per Trade
Fixed Charges ₹100,000 per year ₹0
Equity Delivery Brokerage 0.1% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.01% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.01% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹10 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.01% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹10 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.01% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹10 per lot

Karvy Charges Vs iTradeOnline

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹0 (Free)
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Karvy Vs iTradeOnline Transaction Charges

Karvy transaction charges for options is ₹5500 while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Karvy iTradeOnline
Equity Delivery ₹325 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday ₹325 NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures ₹230 NSE ₹190 per crore (0.0019%)
Equity Options ₹5500 NSE ₹5000 per crore (0.05%)
Currency Futures ₹325 NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity ₹300 MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Karvy Vs iTradeOnline Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  Karvy iTradeOnline
Equity Delivery Upto 5x with 24% interest per year Upto 5x (based on the stock)
Equity Intraday Upto 20x Upto 20x (based on the stock)
Equity Futures Upto 4x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 4x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Nil Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 4x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Compare Karvy and iTradeOnline Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Karvy 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 Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NEST, Karvy Web, Trade Mobile Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:15 Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Ask the expert, The Finapolis
Referral Program
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Karvy Vs iTradeOnline Review

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Karvy iTradeOnline
  24 Customer Reviews    Rate Karvy 7 Customer Reviews    Rate iTradeOnline
Fees 2.6 3.9
Trading Brokerage 2.4 4.1
Trading Platform Usability 2.7 3.9
Customer Service 2.2 3.7
Research Capabilities 1.0
Overall Ratings Rated 2.0 stars Rated 4.0 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Karvy Enquire iTradeOnline Enquire
Contact Broker

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Karvy Vs iTradeOnline Investment Options

  Karvy iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management
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Karvy Vs iTradeOnline Order Type Offered

  Karvy 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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Karvy Vs iTradeOnline Research Report

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

  Karvy iTradeOnline
Casual Investor Yes
Active Investor Yes
Trader Yes
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Karvy Vs iTradeOnline - Pros and Cons

  Karvy iTradeOnline
Pros
  1. Pay ₹1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • 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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
  • 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 ₹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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