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FlatTrade Vs Zerodha: A Comprehensive Comparison
Which One is Better – FlatTrade or Zerodha?
Are you looking for a comprehensive comparison between FlatTrade and Zerodha? The rapidly evolving Indian stock trading environment has led to the emergence of two notable names, FlatTrade and Zerodha. These firms have both positioned themselves as significant competitors within the brokerage sector. FlatTrade, initially known as Fortune Capital Services Private Limited, has established its unique position since it was first founded in 2004. Its creation came about due to the efforts of Mr. K. Narayan Moorthy, a seasoned spot bullion trader. This has led to FlatTrade’s increasing prominence within the southern regions of India.
Contrastingly, Zerodha, founded in 2010, has brought significant changes to the Indian brokerage industry through its unique pricing structure. Holding an impressive market share of over 18%, Zerodha has set itself apart through their Rs. 20 flat brokerage, offering brokerage-free delivery trading, and zero brokerage for direct mutual funds. These factors have seen Zerodha take the lead amongst discount brokers.
Open an account with Zerodha.
FlatTrade Vs Zerodha: A Comprehensive Comparison
In this comprehensive FlatTrade Vs Zerodha comparison, we delve into the charges, customer support, and more of these two brokerage giants, helping you make an informed decision in your investment journey.
FlatTrade Vs Zerodha: Geographical Presence
- FlatTrade: Has a strong hold on the southern part of India.
- Zerodha: Zerodha is a well-known and widely used brokerage platform with a substantial presence across India, making it more geographically diverse compared to FlatTrade.
FlatTrade Vs Zerodha: Account Types
- FlatTrade: Offers Demat and Mutual Fund Investment accounts.
- Zerodha: Offers Demat, Equity Trading, Commodity Trading, Derivatives Trading, Currency Trading, and Mutual Funds accounts. Zerodha has a more extensive range of account types on offer as compared to FlatTrade.
FlatTrade Vs Zerodha: Account Opening
- FlatTrade: Offers zero brokerage and free account opening.
- Zerodha: Zerodha offers a low-cost account opening feeThe account opening charges are Rs 200 for Equity and Currency segments and Rs 300 for Equity, Currency, and Commodity segments.
FlatTrade Vs Zerodha: Charges
There are differences between the various FlatTrade and Zerodha charges:
Brokerage Charges:
- FlatTrade: ₹0 per order for both Intraday and Delivery trading.
- Zerodha: Zerodha charges a maximum of Rs 20 per order for various trading segments, making it competitive and affordable.
Annual Maintenance Charges (AMC)
- FlatTrade: No AMC for trading and demat account.
- Zerodha: Zerodha offers free demat account opening but charges annual maintenance fee of Rs 300 every year for demat account maintenance.
Transaction Charges
- FlatTrade: Transaction charges vary across segments and are competitive.
- Zerodha: Transaction charges are not explicitly mentioned, but they typically depend on the type of transaction and segment.
STT/CTT
- FlatTrade: Competitive STT/CTT charges depending on the segment.
- Zerodha: STT/CTT charges are not explicitly mentioned, but they typically depend on the type of transaction.
GST
Both FlatTrade and Zerodha charge 8% GST on relevant charges.
SEBI Charges
Both FlatTrade and Zerodha charge ₹0 per Cr for Equity, Currencies, and Commodities (Delivery & FNO) trading.
Go through – FlatTrade Trading: Top 15 Reasons to Go For It.
FlatTrade Vs Zerodha: Trading Platforms
- FlatTrade: Offers various online trading platforms, including mobile apps, EXE-based trading, and web-based trading.
- Zerodha: Zerodha provides a user-friendly web-based platform called “Kite” and a desktop trading software program called “Zerodha Pi” – known for its advanced charting features.
FlatTrade Vs Zerodha: Services Offered
- FlatTrade: Covers Equities, Derivatives, Commodities, and Currency Derivatives. It provides a wealth management platform through Mutual Funds.
- Zerodha: Offers online equity, derivative, commodity, and currency trading servicesIt provides mutual funds, margin trading services, and loans against shares. Zerodha has a wide range of investment options, including bonds and IPOs.
FlatTrade Vs Zerodha: Mutual Fund Investment
- FlatTrade: Provides an online investment platform for wealth management through mutual funds.
- Zerodha: Offers a wide range of investment products like mutual funds from major fund houses in India.
FlatTrade Vs Zerodha: Customer Support
- FlatTrade: Provides 24*7 customer support and claims to have fast mobile support.
- Zerodha: Offers customer support through various channels, including online chat, email, and phone supportZerodha also has a physical presence in various locations.
Which One is Better – FlatTrade or Zerodha?
Determining whether FlatTrade or Zerodha is better depends on your specific needs and priorities as a trader or investor. Both platforms have their strengths and weaknesses. Here are some factors to consider when taking your decision:
FlatTrade:
It stands out for:
- Regional Focus: FlatTrade has a strong presence in the southern part of India. If you reside in or primarily trade within this region, FlatTrade’s local expertise and focus may be beneficial.
- Account Types: FlatTrade offers Demat and Mutual Fund Investment accounts. If your primary investment focus is on mutual funds, this platform may suit your needs.
- Zero Brokerage: FlatTrade offers zero brokerage for trading, which can be cost-effective for traders.
- Customer Support: FlatTrade provides 24/7 customer support and emphasizes fast mobile support.
Zerodha:
It is made outstanding due to:
- Pan-India Presence: Zerodha has a broad and nationwide presence, making it accessible to traders and investors across India.
- Account Types: Zerodha offers a wider range of account types, including Demat, Equity Trading, Commodity Trading, Derivatives Trading, Currency Trading, and Mutual Funds accounts, providing more versatility.
- Pricing Structure: Zerodha charges a maximum of Rs 20 per order for various trading segments, which is competitive and affordable. Their pricing structure may be more favorable for active traders.
- Technology: Zerodha offers user-friendly and feature-rich trading platforms, including “Kite” for web-based trading and “Zerodha Pi” for advanced charting.
- Customer Support: Zerodha offers customer support through various channels and has a physical presence in multiple locations, providing a comprehensive support network.
Both FlatTrade and Zerodha have their unique features, but Zerodha offers a broader range of services, a wider geographical presence, and a more competitive pricing structure compared to FlatTrade. If you are primarily interested in mutual fund investments and reside in the southern part of India, FlatTrade might be a suitable option. On the other hand, if you require a broader range of trading options, competitive pricing, and a pan-India presence, Zerodha could be the better choice.
Open an account with Angel One.
Check out – Zerodha Review 2023: Order Types, Trading Platforms, Margin Charges, Customer Service and Pros & Cons.
Conclusion
Ultimately, your choice between the two should be based on your trading goals, trading requirements, location, preferred account types, specific preferences, and the features that matter most to you. It is essential to assess your specific needs and compare the offerings of both platforms before taking a decision.
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