Nirmal Bang Vs Zerodha

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Nirmal Bang Vs Zerodha 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.

Nirmal Bang Vs Zerodha Comparison

Here is a point by point comparison of Nirmal Bang Vs Zerodha.

Nirmal Bang is an oldie in full-service stockbroking segment in India with its operations starting in as early as 1986. This stockbroking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.

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.

Everything about discount brokers such as Zerodha is internet-based, be it – customer service, trading, account opening etc. Full-service brokers such as Nirmal Bang, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.

Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.

To make things easy for you, we have listed out the comparison between Nirmal Bang Vs Zerodha 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

Nirmal Bang Vs Zerodha Details

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 stockbroking firms.

We hope this article helps you to understand which of the two brokers is better for your needs.

This is how both these stockbrokers stack up against each other:



	Zerodha Review	Nirmal Bang Review
OVERVIEW
Broker Type	Discount Broker	Full Service Broker
Incorporated In the Year	2010	1986
Number of branches across India	11	2000
Exchanges	BSE, NSE, MCX, MCX-SX	BSE, NSE, MCX, MCX-SX, NCDEX
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹200 (₹300 if you want to Zerodha to courier account opening forms)	₹0
Trading Account Annual Maintenance Charges	₹0	₹200
Demat Account Opening Charges	₹100	₹0
Demat Account Annual Maintenance Charges	₹300	₹0
Transaction Charges	Zerodha Transaction Charges	Nirmal Bang Transaction Charges
BROKERAGE
Equity Delivery	₹0	0.2%
Intraday Delivery	0.01% or ₹20 per trade whichever is lower	0.02%
Equity Futures	0.01% or ₹20 per trade whichever is lower	0.02%
Equity Options	0.01% or ₹20 per trade whichever is lower	₹35 per lot
Currency Futures	0.01% or ₹20 per trade whichever is lower	0.02%
Currency Options	0.01% or ₹20 per trade whichever is lower	₹20 per lot
Commodity	0.01% or ₹20 per trade whichever is lower	0.01%
Calculate Brokerage	Zerodha Brokerage Calculator	Nirmal Bang Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5 times for Intraday	Upto 4 times for Delivery, upto 10 times for Intraday
Equity Futures	Upto 5 times to 20 times for Intraday	Upto 4 times
Equity Options	Upto 5 times to 20 times for Intraday	No Margins for Buying, Upto 2 times for Shorting
Currency Futures	Upto 5 times for Intraday	No Margins for Buying, Upto 2 times for Shorting
Currency Options	Upto 5 times for Intraday	Upto 3 times
Commodities	Upto 5 times for Intraday	Upto 3 times
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	Nirmal Bang 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	Nirmal Bang Mobile App, ODIN Diet, NB Trade
Complaint Percentage of Active Clients	0.02%	0.05%
OVERALL RATING
	Get a Call Back	Get a Callback

*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 Nirmal Bang Vs Zerodha 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.