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 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...
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
₹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)
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 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%)
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, 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
Broker Ratings (Average User Rating)
Zerodha
Raghunandan Capital Pvt Ltd
330 Customer Reviews
3 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Zerodha is Rated 3.7 / 5 based on 330 customer reviews
RMoney is Rated 4.0 / 5 based on 3 customer reviews
Contact Broker / Request A Call Back
Zerodha
Raghunandan Capital Pvt Ltd
Contact / Request 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.
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.
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.
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.
Zerodha
Zero Account Opening Fee