Marfatia Stock Broking vs. Zerodha
Every stockbroker charges a fee for performing the trading deals. Moreover, these fees can be different for different asset classes. It is important to choose the best stock broker for your trading needs to maximize the return on investment.
Please find below, a very detailed comparision report for the stock brokers, Marfatia Stock Broking and Zerodha . The comparision table below helps you to compare Marfatia Stock Broking and Zerodha in various aspects.
You can find how Marfatia Stock Broking and Zerodha stack up when brokerage charges, trading platforms, customer support, complaints and more are compared.
Also, you can visit Marfatia Stock Broking brokerage calculator and Zerodha brokerage calculator for a detailed report on brokerage charges.
Overview
Let's start with the differences. Marfatia Stock Broking is a Public company while Zerodha is a Private company. Marfatia Stock Broking was founded by Nishil Marfatia in 2002. Marfatia Stock Broking has it's headquarters at Vadodara, Gujarat. Zerodha was founded by Nithin Kamath in 2010. Zerodha has it's headquarters at Bangalore, India.
Also, Marfatia Stock Broking is a Full Service Broker. In general, full service brokers provide more investment advice and perform detailed stock analysis for their clients. The brokerage fees are also towards the higher side. On the contrary, Zerodha is a Discount Broker. As the name suggests, discount brokers carry out buy/sell orders at a lower commission rate. In general, they charge a fixed brokerage fee. Investors can save a lot of money that they otherwise need to pay to a full-service broker. To know more about discount brokers, please visit Discount brokers in India .
| Overview | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Vadodara, Gujarat | Bangalore, India |
| Founders | Nishil Marfatia | Nithin Kamath |
| Foundation Year | 2002 | 2010 |
Marfatia Stock Broking and Zerodha Trading Account Opening and Demat Charges
Demat (short for dematerialization account) account is used for holding securities in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
The account opening charges vary from 0 to Rs.200 for various brokers such as Marfatia Stock Broking charges Free whereas Zerodha charges Free for resident Indian accounts, Rs.300.
Once you have opened a Demat account, you have to pay certain charges such as account maintenance charges, broker commission, GST, STT. The AMC (Annual Maintenance charges) are around Rs.300, and the discount broker usually charges Rs.20 per executed trade as their commission.
˝ As mentioned above that the CDSL and NSDL are both depositories registered by the Indian government to hold securities such as stocks, commodities, bonds, ETF's in electronic form or copies, and different brokers use one of the two depository types. Marfatia Stock Broking uses CDSL & NSDL while Zerodha uses CDSL.
| Account Opening and Demat Charges | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Trading Account Opening Charges | Free | Free for resident Indian accounts, Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Rs.400 per Annum | Rs.300 per Annum |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Margin Money | Zero Margin | Zero |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | CDSL |
Marfatia Stock Broking vs. Zerodha Equity Brokerage Charges
Apart from the AMC charges, an investor also has to face other charges for using different services by the broker.
Other Brokerage ChargesEquity delivery charges: This basically means that you hold the securities for a certain amount of the time in your Demat Account and sell it at the right time to make a gain on your investment. As the competition is really high for brokers in this area, they usually charge Rs.0 for equity delivery to attract more customers, while some charge up to Rs.20 per executed trade. Marfatia Stock Broking charges 0.29% for equity delivery and Zerodha charges Rs. 0 for equity delivery.
Equity Intraday: As the name tells, equity intraday means buying and selling of stocks/shares within the same day. Marfatia Stock Broking charges 0.03% for equity intraday and Zerodha charges 0.03% or Rs. 20/executed order whichever is lower for equity intraday.
Equity Futures: This term means buying and selling shares at a fixed price on a future date. Marfatia Stock Broking charges 0.03% for equity futures and Zerodha charges 0.03% or Rs. 20/executed order whichever is lower for equity futures.
Equity Options: They allow an investor to buy or sell stocks under a set or strike price through a contract (1 contract = 100 shares). Marfatia Stock Broking charges Rs.29 per Lot for equity options and Zerodha charges Flat Rs. 20 per executed order for equity options.
| Equity Brokerage Charges | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Equity Delivery Brokerage | 0.29% | Free |
| Equity Intraday Brokerage | 0.03% | 0.03% or Rs. 20/executed order whichever is lower |
| Equity Futures Brokerage | 0.03% | 0.03% or Rs. 20/executed order whichever is lower |
| Equity Options Brokerage | Rs.29 per Lot | Flat Rs. 20 per executed order |
Marfatia Stock Broking vs. Zerodha Currency Brokerage Charges
Many discount brokers are providing their services in India right now. Still, not all of them are trading stocks, currency, and commodities. However, those who are the top-performing ones do provide their services in these areas with separate charges.
Currency future: This term is also commonly known as FX future or foreign exchange future. As the name suggests, it's a future's contract to exchange one currency for another currency at a specific future date at an exact or fixed price at the purchase date. This concept is similar to that of equity futures. Marfatia Stock Broking charges 0.03% for currency futures and Zerodha charges 0.03% or ₹ 20/executed order whichever is lower for currency futures.
Currency Options: As with equity options, a currency option is a contract that gives a buyer the right (not obligation) to buy or sell a particular currency at a fixed exchange rate on or before a specific date. Marfatia Stock Broking charges Rs.19 per Lot for currency options and Zerodha charges ₹ 20/executed order for currency options.
| Currency Brokerage Charges | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Currency Futures Brokerage | 0.03% | 0.03% or ₹ 20/executed order whichever is lower |
| Currency Options Brokerage | Rs.19 per Lot | ₹ 20/executed order |
Marfatia Stock Broking vs. Zerodha Commodity Brokerage Charges
Commodity trading: The textbook definition of a commodity is a raw material or primary agricultural product that can be bought or sold. In the world of trading, this concept is prevalent. Many traders buy or sell gold, silver, and oil, and many brokers are providing their services online to ease this process of buying and selling raw materials. Marfatia Stock Broking charges NA for commodity trading and Zerodha charges ₹ 20/executed order for commodity trading.
| Commodity Brokerage Charges | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Commodity Options Brokerage | NA | ₹ 20/executed order |
Marfatia Stock Broking vs. Zerodha Other Charges
Other brokerage charges that an investor should keep in mind are
Minimum broker charges: Marfatia Stock Broking charges Percentage of Transaction as minimum brokerage charge. Zerodha charges Zero as minimum brokerage charge.
Transaction brokerage charges: These are charges that a customer face on every transaction completed by DP (depository participant) Marfatia Stock Broking charges 0.00275% as transaction brokerage charges. Zerodha charges 0.00325% of Total Turnover as transaction brokerage charges.
SEBI Turnover charges: Securities and Exchange Board of India (SEBI) is the regulator of the security and commodity market. It keeps a check on fair trade for all investors and charges a certain amount for their turnover. Marfatia Stock Broking charges 0.0002% of Total Turnover as sebi turnover charges and Zerodha charges 0.0002% of Total Turnover as sebi turnover charges.
Stamp Duty charges: Stamp duty charges vary depending on the state and the type of asset class.
GST Charges (Goods and Services Tax): A GST of 18% on brokerage and transaction charges is applied.
STT (Securities transaction tax): Marfatia Stock Broking charges 0.0126% of Total Turnover as STT and Zerodha charges 0.0126% of Total Turnover as STT.
| Other Brokerage Charges | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero |
| Transaction Brokerage Charges | 0.00275% | 0.00325% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover |
| Stamp Duty Charges | As per the state (Use Marfatia Stock Broking Brokerage Calculator to see report) | As per the state (Use Zerodha Brokerage Calculator to see report) |
| GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) |
| STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover |
Marfatia Stock Broking vs Zerodha Equity Exposure/Leverage
Exposure relates to the amount of money an investor has invested in a particular trade/stock and the amount he can lose on that trade/stock. Leverage links with exposure; if an investor wants to increase his exposure on a specific trade/stock, he can use leverage to take a much bigger position on the trade with his broker's help. Leverage of 1:500 means that for every $1 or Rs.1 of their share capital, the trader receives $500 or Rs.500 to trade with. This concept is expected in stock and forex trading, and many brokers provide even more than 1:500 leverage to attract more customers to use their services and trade through them.
| Equity Leverage | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Equity Delivery | Upto 3X | Upto 1x |
| Equity Intraday | Upto 6X | Upto 5x |
| Equity Futures | Upto 3X | Upto 2x |
| Equity Options | Upto 4X | Upto 1.4x |
Marfatia Stock Broking vs. Zerodha Currency Leverage
| Currency Leverage | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Currency Futures | Upto 2X | Upto 1x |
| Currency Options | Upto 3X | Upto 1x |
Marfatia Stock Broking vs. Zerodha Commodity Leverage
| Equity Leverage | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Commodity | Upto 2X | Upto 1x |
Marfatia Stock Broking vs. Zerodha Offers
Many stockbrokers are providing attractive offers to capture more customers. These offers are as follows:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get brokers' services at a discount.
1-month free plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on loss trade: complete refund of money on unsuccessful trades.
| Offers | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Free Stock Trading Account | No | No |
| Free Demat Account | Yes | No |
| Flexible Plans | Yes | No |
| Brokerage Discounts | Yes | Yes |
| Happy Hours | No | No |
| 1 Month Free Plan | No | No |
| Holiday Offers | No | No |
| Referral Program | No | No |
| Zero Brokerage on Loss Trades | No | No |
Marfatia Stock Broking vs. Zerodha Features
Apart from attractive and catchy offers, many stockbrokers provide services that are appealing to investors and traders. The services are as follows:
- Mutual Funds: helping investors build their long term investment portfolio for maximum return and minimum risk after performing proper fundamental and technical analysis.
- Forex: many stockbrokers are not only providing their services in the stock market sector but also in Forex.
- Banking: full-service brokers are also providing their services in the banking sector.
- SIP (systematic investment plans); this is a branch that falls under a mutual fund's services, many brokers help investors shape their investment portfolio systematically for maximum returns.
- Insurance: Top performing brokers even provide insurance plans for their clients.
| Features | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Equity Delivery Trading | Yes | Yes |
| Equity Intraday Trading | Yes | Yes |
| Equity Futures Trading | Yes | Yes |
| Equity Options Trading | Yes | Yes |
| Currency Trading | Yes | Yes |
| Commodity Trading | No | Yes |
| IPO (Initial public offering) | Yes | Yes |
| Stocks Suggestions | No | No |
| Robo Advisory | No | No |
| PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | Yes | No |
| Trading Exposure | Upto 6X | Upto 28x |
| Mutual Funds | No | No |
| SIP (Systematic Investment Plan) | No | No |
| Forex Trading | No | No |
| Banking | No | No |
| Insurance | No | No |
Marfatia Stock Broking vs. Zerodha Advisory Services
The main difference between a discount and a full-service broker is the services they provide and the rates at which they are providing.
Discount brokers execute buy and sell orders at a relatively lower commission rate than a full-service broker. Apart from this, a discount broker does not have the skill set to provide in-depth investment advice and analysis on specific stocks and does not have good knowledge of the price-action strategy compared to a full-service broker. All these factors are a significant reason for the difference in their prices.
Fundamental Reports: It is basically the reports related to the analysis of a company's financial statements, which helps the investors and financial analysts to decide regarding the current financial standing of a company.
Research Reports: It is prepared by a financial analyst who is working in hedge funds, investment banks, and mutual funds, and these reports may target a specific company's stock, commodities, currency, or industry.
Company Reports: Company reports are comprehensive and easy to understand reports regarding the company's activities throughout the year, month, or week.
Annual Reports: A branch of a company's report in which a company includes all the activities they have carried out in the previous years and the cost of carrying out those activities and the corresponding profit or loss made while carrying out those activities.
Company Stock Review: Stock review or analysis is comparing the company's financial statements with the previous years. This process also includes analysis of specific ratios such as liquidity ratios, free cash flow ratio, profitability ratio, etc., to get a clear picture of how a stock is performing currently and how profitable a company can be in the future.
Free Stock Tips: Some stock tips for you
- - Read financial magazines such as Bloomberg, The Economist.
- - Never get emotionally attached to your investments.
- - SMS alerts for upcoming IPO's
- - Invest in company's you believe will have an impact on the world in the next 5-10 years, e.g., Tesla
- - Use proper risk management.
- - Diversify your portfolio (choose stocks that are from various industries in order to avoid correlation between them)
IPO reports- A private company go public to increase their funding. This process is done by investment banks, hedge funds by releasing the company's IPOs (initial public offerings).
Top Picks- Top pick stocks are usually the best-performing stocks in a specific year, and it makes it easier for the investor to make an investment call. Some of the top-performing stocks are:
- Bharti Airtel
- Nocil
- Infosys
Daily Market Review: This term focuses on the daily movements and changes in the stock index and tells how many points the index is up or down.
Monthly Reports: Monthly reports are brief yet comprehensive reports focusing on the activities that took place within the month in the company and are used for short term decision making by managers.
Weekly Reports: Weekly reports are summarized reports of the weekly activities in the business and the company's cost to carry out those activities. These reports are used for short term decision making.
Offline Advisory: Advisory is not provided over the internet but by other means such as letters, SMS, and phone calls.
Relationship Manager: The main role of a relationship manager in the banking sector is to deal with the clients and help them make the right decisions, and explain all the firm's financial services in detail.
| Features | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Marfatia Stock Broking vs Zerodha Trading Platforms
A trader can use different trading platforms to analyze various stocks/currency pairs/commodities and execute buy or sell orders through that platform. There are Desktop platforms such as MetaTrader 4 for Windows and Android phones and MetaTrader 5 for Mac computers and Apple IOS devices. They are commonly referred to as MT4 and MT5. Standard software is TradingView providing its services in both the stock and Forex sectors with a highly optimized user interface. Their interactive charts make it easy for the traders to perform various types of analysis on the charts.
You can link TradingView and other online platforms like these with your cell phone to get real-time updates and SMS alerts for stocks that are on your watchlist. Moreover, these platforms also provide personalized advisory and give you buy or sell signals when an opportunity comes.
Marfatia Stock Broking vs. Zerodha Desktop Trading Platforms
| Desktop Trading Platforms | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Marfatia Stock Broking vs. Zerodha Mobile Trading Platforms
| Mobile Trading Platforms | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows app | No | No |
| Other mobile os | No | No |
Marfatia Stock Broking vs. Zerodha Customer Support
Customer support is a crucial factor that makes a new customer into a loyal and long-term customer. As the world of trading is speedy, an investor needs proper customer support from their brokers to execute orders at the right time to avoid any potential losses. The brokers' responsibility is to be active on live chats, E-mails, helpline numbers, and discussion forums.
| Customer Support Features | Marfatia Stock Broking | Zerodha |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | Yes |
| Toll free number | No | No |
| Support Branches | 20 | Zero |
Marfatia Stock Broking vs. Zerodha Customer Complaints
To keep a strict check and balance on fair-trade opportunities for every trader and investor, BSE and NSE actively take complaints and resolve them. Investors can lodge complaints about trading members, brokers, and companies listed on the index. BSE and NSE take action to resolve them by giving them a specific time to rectify their mistake, and if not rectified, serious measures are taken against them. Find below the total number of complaints lodged in bse or nse. Also you can find how many of those complaints were resolved. The percentage of lodges vs. resolved cases can also be a useful metric to judge a stock broker.
| BSE Complaints | Marfatia Stock Broking | Zerodha |
|---|---|---|
| BSE Complaints | 0 | 120 |
| BSE Resolved Complaints | 0 | 117 |
| Percentage of resolved BSE complaints | NaN % | 97.50 % |
| NSE Complaints | 2 | 89 |
| NSE Resolved Complaints | 2 | 85 |
| Percentage of resolved NSE complaints | 100.00 % | 95.51 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 96.50 % |
Frequently Asked Questions
Is Marfatia Stock Broking better than Zerodha ?
Marfatia Stock Broking is a full service broker, while Zerodha is a discount broker. A discount broker generally charges a flat brokerage for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services. Depending on the costs and trading platform features involved, you can choose the best stock broker for you.
Is Zerodha better than Marfatia Stock Broking ?
Marfatia Stock Broking is a full service broker, while Zerodha is a discount broker. A discount broker generally charges a flat brokerage for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services. Depending on the costs and trading platform features involved, you can choose the best stock broker for you.
Is Marfatia Stock Broking cheaper than Zerodha ?
Marfatia Stock Broking is a full service broker, while Zerodha is a discount broker. A discount broker generally charges lower brokerage fees for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services.
Is Zerodha cheaper than Marfatia Stock Broking ?
Marfatia Stock Broking is a full service broker, while Zerodha is a discount broker. A discount broker generally charges lower brokerage fees for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services.
Which is better Zerodha vs. Marfatia Stock Broking ?
To find out the better of the two stockbrokers Marfatia Stock Broking and Zerodha, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.
Compare Marfatia Stock Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Marfatia Stock Broking with other brokerage firms.
Compare Zerodha with other stock brokers
Visit the following pages to see a detailed comparision report of Zerodha with other brokerage firms.