Marwadi Shares Vs Interactive Brokers – Share Brokers Comparison
Marwadi Shares Vs Interactive Brokers
Here is a point by point comparison of Marwadi Shares Vs Interactive Brokers. Marwadi Shares is a Gujarat based full service stock broker and has around 1450 branches across different parts of the country. The broker offers low brokerage charges but has low focus on developing its in-house trading platforms. Thus, clients must make sure to understand their requirements before opening the account. 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 presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Discount brokers such as Interactive Brokers offer trading services at much cheaper brokerage rates and reasonable customer service. Full service brokers such as Marwadi Shares will help you, spoon feed you, hand hold 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 Marwadi Shares 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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Interactive Brokers Review | Marwadi Group Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Full Service |
Incorporated In the Year | 1977 | 1992 |
Number of branches across India | 1 | 1450 |
Exchanges | NSE, BSE | NSE, BSE, MCX and NCDEX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹0 | ₹0 |
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 | ₹450 per year or ₹2500 for lifetime |
Transaction Charges | Interactive Brokers Transaction Charges | Marwadi Shares Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹6 to ₹20 per executed trade | 0.3% |
Intraday Delivery | ₹6 to ₹20 per executed trade | 0.06% |
Equity Futures | ₹6 to ₹20 per executed trade | 0.02% |
Equity Options | ₹6 to ₹20 per executed trade | ₹100 per lot |
Currency Futures | ₹6 to ₹20 per executed trade | 0.02% |
Currency Options | ₹6 to ₹20 per executed trade | ₹100 per lot |
Commodity | NA | 0.02% |
Brokerage Calculator | Marwadi Group Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | Upto 10 times for Intraday, 2 times for Delivery |
Equity Futures | Upto 3 times Intraday | 2 times for Intraday |
Equity Options | Buying No Leverage, Shorting Upto 3 times | 4 times for Intraday |
Currency Futures | Upto 2 times Intraday | 2 times for Intraday |
Currency Options | Buying No Leverage, Shorting Upto 2 times | 4 times for Intraday |
Commodities | NA | 2 times for Intraday |
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 | ODIN Diet, NSE Now, Marwadi Trade Mobile App |
Complaints percentage | 0.04% | 0.01% |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Marwadi Shares Vs Interactive Brokers for the benefits of other readers. Please feel free to share in the comments below.
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