Zerodha Vs. Karvy: Read the Broker Comparison for 2020

Zerodha

Zerodha has quickly emerged as the biggest discount broker in India. The reasons behind Zerodha’s popularity include free mutual fund investments platform, Good Till Triggered order, outstanding online trading platform, high exposure, low brokerage, and excellent customer service. The broker offers flat fees discount brokerage platform online to trade and invest in Currency, Equity, IPOs, Commodity, and Mutual Funds.

Zerodha Platform

Karvy

Karvy is one of the biggest full-service stockbrokers that offer a complete spectrum of various financial products like Demat Trade Accounts, Trading Accounts, Corporate Accounts, NRI Accounts, Trust Accounts, advisory, and research reports. As an old player of the industry, it provides many products and services like Equities, stocks, IPOs, mutual funds, NCDs, Derivatives, and more for trading online and offline.

Karvy Platform

Now that we have a little idea about both the brokers, let’s have a look at their side by side comparison:

Broker Comparison

Zerodha

Karvy

Broker Category

Discount Broker

Full-Service Broker

Features

Charting, automated trading, online demo, margin against shares (equity F&O and equity cash), various trading platforms, direct mutual funds investment, referral program, NRI Trading, and API for Algo trading

Charting, automated trading, online demo, SMS alerts, online portfolio, margin trading funding availability, margin against shares (equity F&O and equity cash), the Finapolis, Ask the Expert, and various trading platforms.

Exchange Support

NSE, BSE, MCX, and MCX-SX

NSE, BSE, NIFTY, SENSEX, MCX, NCDEX, MCX-SX

Trading Charges

Brokerage charge for equity is zero and interday is .03% or Rs 20/executed order (whichever is lower)

The brokerage charge for intraday is 0.03% and for equity, it is 0.3%.

Demat Account and Their Charges

Zerodha’s Demat account opening charge is Rs 200 and its AMC charge is Rs 300

Karvy’s Demat account opening charge is Rs 650 and its AMC charge is Rs 500

Supported Trading Platforms

Kite Mobile for iOS and Android, Kite Web, Coin

NEST trader, Trade Mobile, and Karvy Web

Deposit and Withdrawal Methods

Deposit methods at Zerodha include NEFT/ IMPS/ RTGS, instant payment gateway, UPI, and cheques.

At Zerodha, Withdrawals can be made via bank transfer.

Deposit methods at Karvy include NEFT/ IMPS/ RTGS, instant payment gateway, UPI, and cheques.

At Karvy, Withdrawals can be made via bank transfer.

Exposure And Leverage

Equity Delivery – up to 20x

Equity Futures – up to 15x

Equity Intraday -up to 28x

Equity Options – up to 8x

Currency Futures – up to 12x

Commodities – up to 17x

Currency Options – up to 8x

Equity Delivery – up to 10x

Equity Futures – up to 10x

Equity Intraday -up to 20x

Equity Options – up to 15x

Currency Futures – up to 12x

Commodities – up to 12x

Currency Options – up to 10x

Pros and Cons

Pros

  • Biggest discount broker
  • Zero Brokerage on the delivery trades
  • Simple to understand the structure
  • Maximum brokers of Rs 20
  • Solid Research

Cons

  • No investor protection
  • Indian markets are only covered
  • Slow account opening procedure

Pros

  • Single login for all trades
  • Zero Demat AMC for 1st year
  • Research reports are available
  • Over 60 kinds of technical charts
  • Excellent educational section for beginners

Cons

  • No 3 in 1 account
  • No referral program
  • Higher brokerage

Customer Support

When it comes to customer support, Zerodha has phone support and email support with quick response time and appropriate answers. There is no 24/7 and live chat support.

When it comes to customer support, Karvy offers fast support with its phone support and email support. There is no 24/7 support.

 

Conclusion

It can be concluded that though Karvy has great offerings for its clients with more exchanges to invest in, Zerodha has low charges & here you can find more about the platform fees & charges. If you are a beginner, then also Zerodha is the perfect platform to get started with its outstanding education section as it provides LearnApp with an advanced feature for education resources to its traders. To know more about other trading features & services about Zerodha, you can check here our other comparisons to finalize your best trading broker today.

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