Zerodha Vs TradeJini
| |Zerodha Vs TradeJini comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Zerodha Vs TradeJini Comparison
Here is a point by point comparison of Zerodha Vs TradeJini.
Zerodha is also one of the leading discount brokers in India which was founded in 2010. Zerodha has been there in the market for a while and understands the concept of discount broking and how it helps traders.
TradeJini, based out of Bengaluru, is a discount broker launched in 2012 by Kishore Kumar J and Dinesh Kumar M. They claim to have clients from more than 1000 cities and towns of India across all trading segments.
Everything about discount brokers such as TradeJini or Zerodha is internet based, be it – customer service, trading, account opening etc.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short-term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between Zerodha Vs TradeJini to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Zerodha Vs TradeJini Details
This is how both these stockbrokers stack up against each other:
Zerodha Review | Tradejini Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 2010 | 2012 |
Number of branches across India | 11 | 1 |
Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, MCX-SX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹200 (₹300 if you want to Zerodha to courier account opening forms) | ₹695 (get ₹300 off by Opening Account through Us) |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹100 | ₹300 |
Demat Account Annual Maintenance Charges | ₹300 | ₹300 |
Transaction Charges | Zerodha Transaction Charges | Tradejini Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹0 | ₹20 per executed order or 0.10% of Turnover whichever is lower |
Intraday Delivery | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Equity Futures | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Equity Options | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order |
Currency Futures | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Currency Options | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order |
Commodity | 0.01% or ₹20 per trade whichever is lower | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Calculate Brokerage | Zerodha Brokerage Calculator | Tradejini Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 5 times for Intraday | Upto 20 Times for Intraday, & No leverage for Delivery |
Equity Futures | Upto 5 times to 20 times for Intraday | Normally 2.5 times with stop loss upto 5 times |
Equity Options | Upto 5 times to 20 times for Intraday | Buy side – 100% margin ; Sell side – Margin like Futures required. Exposure normal 2.5 times |
Currency Futures | Upto 5 times for Intraday | NA |
Currency Options | Upto 5 times for Intraday | NA |
Commodities | Upto 5 times for Intraday | Upto 3 times for Intraday |
Margin | Zerodha Margin | |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
TRADING SEGMENTS | ||
Equity | ||
Mutual Funds | ||
IPOs | ||
Currency | ||
Commodity | ||
CUSTOMER SERVICE OPTIONS | ||
Email Support | ||
Live Chat | ||
Phone | ||
Toll Free Number | ||
Offline Branches | ||
Customer Care | Zerodha Customer Care | |
FEATURES | ||
Mobile Trading | ||
Orders Accepted After Trading Hours | ||
Charting | ||
SMS Alerts | ||
Robo Advisory | ||
Automated Trading | ||
Market Tips | ||
Margin Funding | ||
Relationship Managers | ||
3 in 1 Account | ||
Trading Platform(s) | Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader | NEST Trader, NSE Now, NSE Mobile Trading App |
Complaint Percentage of Active Clients | 0.02% | 0.02% |
OVERALL RATING | ||
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Zerodha Vs TradeJini for the benefits of other readers? Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.