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Zerodha Vs RMoney Share Broker Comparison

The side-by-side comparison of Zerodha and Raghunandan Capital Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and RMoney's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and RMoney.

  Zerodha Raghunandan Capital Pvt Ltd
 
Zerodha Logo Raghunandan Capital Pvt Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Account Type Standard Plan Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Zerodha Raghunandan Capital Pvt Ltd
Trading Account Opening Fees ₹300 ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹100 ₹0 (Free)
Demat Account AMC ₹300 ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Raghunandan Capital Pvt Ltd
Account Type Standard Plan Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha Raghunandan Capital Pvt Ltd
Account Type Standard Plan Happy Service Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.10% to 0.40%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.01% to 0.04%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.005% to 0.02%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹20 to ₹80 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.005% to 0.02%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.005% to 0.02%
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.005% to 0.02%
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0 ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹20 per executed order ₹0 (Unlimited Calls)
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Taxes

  Zerodha Raghunandan Capital Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha Raghunandan Capital Pvt Ltd
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity Group A - ₹260 per Cr (0.0026%) MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Exposure

  Zerodha Raghunandan Capital Pvt Ltd
Equity Delivery 1x (no margin) Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Up to 20x (based on the stock) 20x (5%) (Intraday Only)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 100X (1%)
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 100X (1%)
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Intraday - 77X (1.3%)
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Share Broker Features

  Zerodha Raghunandan Capital Pvt Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:10 PM Equity 3:15 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Zerodha Raghunandan Capital Pvt Ltd
  330 Customer Reviews    Rate Zerodha 3 Customer Reviews    Rate RMoney
Fees Ratings 3.8 4.7
Trading Brokerage Rating 4.4 4.7
Trading Platform Usability 3.6 4.3
Customer Service Ratings 3.5 4.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Raghunandan Capital Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Zerodha Raghunandan Capital Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Corporate FD, Life Instance, General Insurance
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Customer Service Offered

  Zerodha Raghunandan Capital Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Zerodha Raghunandan Capital Pvt Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Research / Tips / Reports Published

  Zerodha Raghunandan Capital Pvt Ltd
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Zerodha Raghunandan Capital Pvt Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha Raghunandan Capital Pvt Ltd
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful Articles about Zerodha: Useful Articles:
Promo / Offers

Truly 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.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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