Zerodha Vs Nirmal Bang (Compare Zerodha and Nirmal Bang)

Zerodha Vs Nirmal Bang

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	Zerodha	Nirmal Bang
Type of Broker	Discount Broker	Full Service Broker
Supported Exchnages	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX, NCDEX, NMCE
Account Type	Flat Brokerage Plan	Basic Plan
Year of Incorporation	2010	1986
Number of Branches	22	2000
Broker Enquiry
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Zerodha Vs Nirmal Bang Charges & AMC

Zerodha trading account opening charges is ₹200 while Nirmal Bang account opening changes is ₹0. Zerodha Demat Account AMC Charges is ₹300 and Nirmal Bang Demat Account AMC Charges is ₹200.

	Zerodha	Nirmal Bang
Trading Account Opening Charges	₹200	₹0
Trading Account AMC Charges	₹0 (Free)	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account AMC Charges	₹300	₹200

Zerodha Vs Nirmal Bang Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Zerodha	Nirmal Bang
Account Type	Flat Brokerage Plan	Basic Plan
Fixed Charges
Equity Delivery Brokerage	₹0 (Free)	0.2%
Equity Intraday Brokerage	₹20 per executed order or .03% whichever is lower	0.02%
Equity Futures Brokerage	₹20 per executed order or .03% whichever is lower	0.02%
Equity Options Brokerage	₹20 per executed order	₹35
Currency Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.02%
Currency Options Trading Brokerage	₹20 per executed order or .03% whichever is lower	₹20
Commodity Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.01%
Commodity Options Trading Brokerage	₹20 per executed order or .03% whichever is lower
Special Offer	Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs Nirmal Bang

Minimum Brokerage Charges	0.03% in Intraday and F&O
Other Brokerage Charges	Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges	₹50 per executed order

Zerodha Vs Nirmal Bang Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Nirmal Bang exchange transaction charges for options is ₹5700.

	Zerodha	Nirmal Bang
Equity Delivery	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	₹390
Equity Intraday	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)	₹390
Equity Futures	NSE ₹190 per Cr (0.0019%)	₹240
Equity Options	NSE ₹5000 per Cr (0.05%) (on premium)	₹5700
Currency Futures	NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)	₹240
Currency Options	NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)	₹5700
Commodity	Group A - ₹260 per Cr (0.0026%)	₹250
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Zerodha Vs Nirmal Bang Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

	Zerodha	Nirmal Bang
Equity Delivery	1x (no margin)	upto 10x
Equity Intraday	Up to 20x (based on the stock)	Upto 4x
Equity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Upto 4x
Equity Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Upto 2x for shorting
Currency Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Upto 2x for shorting
Currency Options	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)	Upto 3x
Commodity Futures	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span	Upto 3x
Commodity Options
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Compare Zerodha and Nirmal Bang Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	Zerodha	Nirmal Bang
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time	3:10 PM	3:15
Other Features	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Zerodha Vs Nirmal Bang Review

Zerodha is rated 3.7 of 5 based on 393 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews.

	Zerodha	Nirmal Bang
	393 Customer Reviews	16 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 393 customer reviews	Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews

Zerodha Vs Nirmal Bang Investment Options

	Zerodha	Nirmal Bang
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Zerodha Vs Nirmal Bang Order Type Offered

	Zerodha	Nirmal Bang
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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Zerodha Vs Nirmal Bang Research Report

	Zerodha	Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs Nirmal Bang Suitable For Investor Type

	Zerodha	Nirmal Bang
Casual Investor
Active Investor
Trader

Zerodha Vs Nirmal Bang - Pros and Cons

	Zerodha	Nirmal Bang
Pros	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms (Kite) available for free. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. Direct Mutual Fund Investment is available. Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX. Zerodha Referral Program offers 10% broekrage share to clients you refer. Good Till Triggered (GTT) order are available. These are simillar to GTC orders.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
Cons	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra ₹50 order. Auto Square off is charged at extra ₹50 order. Doesn't offer 3-in-1 account. Doesn't offer unlimited trading plans. Doesn't offer AMC Free Demat account.	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers	Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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