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 |
| |
|
|
|
 |
 |
| About the Broker |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...  |
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... |
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 |
|
|
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 |
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
|
|
|
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
|
|
|
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) |
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. |
Transaction Charges
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| Equity Delivery
|
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
NSE ₹325 per crore | BSE ₹275 per crore (0.00275%) |
| Equity Intraday
|
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
NSE ₹325 per crore | BSE ₹275 per crore (0.00275% |
| Equity Futures
|
NSE ₹210 per crore | BSE ₹1 per trade (each side) |
NSE ₹250 per crore | BSE ₹110 per crore (0.0011%) |
| Equity Options
|
NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%) |
| Currency Futures
|
NSE ₹135 per crore (0.00135%) |
NSE, BSE - ₹150 per crore (0.0015%) |
| Currency Options
|
NSE ₹4400 (on premium) per crore (0.044%) |
NSE, BSE - ₹7500 (on premium) per crore (0.075%) |
| Commodity
|
Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%) |
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%) |
Share Broker Features
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| 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 Android/iOS, Pi, Coin |
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 |
|
Broker Ratings (Average User Rating)
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| |
327 Customer Reviews  |
3 Customer Reviews |
| Fees Ratings |
 |
 |
| Trading Brokerage Rating |
 |
|
| Trading Platform Usability |
 |
 |
| Customer Service Ratings |
 |
 |
| Overall Ratings |
|
|
| Broker Rating |
Zerodha is Rated 3.8 / 5 based on 327 customer reviews |
RMoney is Rated 4.0 / 5 based on 3 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| Stock / Equity
|
|
|
| Commodity
|
|
|
| Currency
|
|
|
| Initial Public Offers (IPO)
|
|
|
| Mutual Funds
|
|
|
| Bond / NCD
|
|
|
| Debt
|
|
|
| Other Investment Options
|
|
Corporate FD, Life Instance, General Insurance |
Customer Service Offered
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| 24/7 Customer Service
|
|
|
| Onine Live Chat
|
|
|
| Through Branches
|
|
|
Order Type
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| Bracket Order
|
|
|
| Cover Order
|
|
|
| Buy Today Sell Tomorrow (BTST)
|
|
|
| Sell Today Buy Tomorrow (STBT)
|
|
|
| After Market Order(AMO)
|
|
|
| Good Till Cancelled (GTC)
|
|
|
Research / Tips / Reports Published
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| Daily Market Report
|
|
|
| Free Tips
|
|
|
| Quarterly Result Analysis
|
|
|
| News Alerts
|
|
|
Suitable for Investor Category
| |
Zerodha |
Raghunandan Capital Pvt Ltd |
| Casual Investor
|
|
|
| Active Investor
|
|
|
| Trader
|
|
|
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... |
- Offer both discount brokerage as well as full-service brokerage plans.
- Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
- ODIN trading platform is available free of cost to all customers.
- Unlimited free Call & Trades.
- Local branches in major cities across North India.
- Free tips, research and news alerts.
- 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... |
- Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
- 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.
- Margin funding is not available.
- GTC/GTD not available in Equity.
- 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 intranet and F&O trade brokerage. 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. |
|
Enquire about Zerodha
|
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee