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Zerodha Vs EZ Wealth
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Zerodha Vs EZ Wealth 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 EZ Wealth Comparison
Here is a point by point comparison of Zerodha Vs EZ Wealth.
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 stockbroking and how it helps traders.
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 EZ Wealth 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 EZ Wealth 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
Zerodha Vs EZ Wealth Details
Generally, the 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 Review | EZ Wealth Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2010 | 2017 |
| Number of branches across India | 11 | 1 |
| Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, NCDEX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹200 (₹300 if you want to Zerodha to courier account opening forms) | ₹1100 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹100 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹300 | ₹0 |
| Transaction Charges | Zerodha Transaction Charges | |
| BROKERAGE | ||
| Equity Delivery | ₹0 | ₹11 per executed order |
| Intraday Delivery | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Equity Futures | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Equity Options | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Currency Futures | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Currency Options | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Commodity | 0.01% or ₹20 per trade whichever is lower | ₹11 per executed order |
| Calculate Brokerage | Zerodha Brokerage Calculator | EZ Wealth Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 times for Intraday | 3 to 10 times for Intraday |
| Equity Futures | Upto 5 times to 20 times for Intraday | Upto 2.5 Times |
| Equity Options | Upto 5 times to 20 times for Intraday | NA |
| Currency Futures | Upto 5 times for Intraday | Upto 2.5 Times |
| Currency Options | Upto 5 times for Intraday | NA |
| Commodities | Upto 5 times for Intraday | Upto 2.5 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 | |
| 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 | EZ Desk, EZ WEb, EZ Mobi |
| Complaint Percentage of Active Clients | 0.02% | 0.03% |
| 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 EZ Wealth for the benefits of other readers? Please feel free to share in the comments below.
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Summary
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A Digital Blogger
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Zerodha Vs EZ Wealth
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