EZ Wealth Vs Interactive Brokers – Indian Share Brokers Comparison
EZ Wealth Vs Interactive Brokers
Here is a point by point comparison of EZ Wealth Vs Interactive Brokers. Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
EZ Wealth is a New Delhi based discount stock broker coming from the house of Wealth Discovery Securities Private limited. The broker offers low brokerage at ₹11 and in fact offers multiple brokerage plans depending on user’s preference. Furthermore, the broker also provides free research and tips to its clients.
Everything about discount brokers such as Interactive Brokers or EZ Wealth is Online, 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 and so on.
To make things easy for you, we have listed out the comparison between EZ Wealth Vs Interactive Brokers 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 stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Interactive Brokers Review | EZ Wealth Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 1977 | 2017 |
Number of branches across India | 1 | 1 |
Exchanges | NSE, BSE | NSE, BSE, MCX, NCDEX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹0 | ₹1100 |
Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
Transaction Charges | Interactive Brokers Transaction Charges | |
BROKERAGE | ||
Equity Delivery | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Intraday Delivery | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Equity Futures | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Equity Options | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Currency Futures | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Currency Options | ₹6 to ₹20 per executed trade | ₹11 per executed order |
Commodity | NA | ₹11 per executed order |
Brokerage Calculator | EZ Wealth Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | 3 to 10 times for Intraday |
Equity Futures | Upto 3 times Intraday | Upto 2.5 Times |
Equity Options | Buying No Leverage, Shorting Upto 3 times | NA |
Currency Futures | Upto 2 times Intraday | Upto 2.5 Times |
Currency Options | Buying No Leverage, Shorting Upto 2 times | NA |
Commodities | NA | Upto 2.5 Times |
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 | ||
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) | IB Trader Workstation, IB TWS, IB WebTrader | EZ Desk, EZ WEb, EZ Mobi |
Total BSE+NSE Complaints | 0.04% | 0.09% |
OVERALL RATING | ||
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 EZ Wealth Vs Interactive Brokers for the benefits of other readers? Please feel free to share in the comments below.
Check out more comparisons here.