Top Stock Advisory
Adroit Financial vs. Zerodha
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Adroit Financial and Zerodha. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Adroit Financial and Zerodha.
Overview
Adroit Financial are Zerodha both private companies and Adroit Financial operates as a full service Broker, while Zerodha functions as a discount broker. Ajay Kumar Gupta co-founded Adroit Financial in 1994. And Zerodha was founded in the year 2010 by Nithin Kamath. Adroit Financial's headquarters are in Ghaziabad, Uttar Pradesh and Zerodha's headquarters are in Bangalore, India.
Adroit Financial operates as a full service Broker, while Zerodha functions as a discount broker. Adroit Financial is registered in NA, while Zerodha is registered in NSE, BSE, MCX and NCDEX. The total branches of Adroit Financial are Nil and the Zerodha branches are 22.
| Overview | Adroit Financial | Zerodha |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Ghaziabad, Uttar Pradesh | Bangalore, India |
| Founders | Ajay Kumar Gupta | Nithin Kamath |
| Foundation Year | 1994 | 2010 |
| Supported Exchanges | NA | NSE, BSE, MCX and NCDEX |
| Total branches | Nil | 22 |
Adroit Financial and Zerodha Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Adroit Financial charging Rs.400 and Zerodha charging Rs.300.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Adroit Financial Demat account is Rs.250 per Annum and for the Zerodha Demat account is Rs.300 per Annum. The Trading AMC for Adroit Financial and Zerodha is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Adroit Financial and Zerodha is CDSL.
| Account Opening and Demat Charges | Adroit Financial | Zerodha |
|---|---|---|
| Trading Account Opening Charges | Rs.400 | Rs.300 |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.300 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,000 | Zero |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | Free |
Adroit Financial and Zerodha Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Adroit Financial is 0.33%, while Zerodha charges you Rs.20 Per Order.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Adroit Financial is 0.03% and for Zerodha also, it is Rs.20 Per Order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Adroit Financial charge 0.03% and Zerodha charge Rs.20 Per Order for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Adroit Financial charges Rs.35 per Lot, and Zerodha charges Rs.20 Per Order.
| Equity Brokerage Charges | Adroit Financial | Zerodha |
|---|---|---|
| Equity Delivery Brokerage | 0.33% | Rs.20 Per Order |
| Equity Intraday Brokerage | 0.03% | Rs.20 Per Order |
| Equity Futures Brokerage | 0.03% | Rs.20 Per Order |
| Equity Options Brokerage | Rs.35 per Lot | Rs.20 Per Order |
Adroit Financial and Zerodha Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Adroit Financial is 0.03% and for Zerodha is Rs.20 Per Order.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Adroit Financial charges Rs.25 per Lot for currency options, whereas Adroit Financial charges Rs.20 Per Order.
| Currency Brokerage Charges | Adroit Financial | Zerodha |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Rs.20 Per Order |
| Currency Options Brokerage | Rs.25 per Lot | Rs.20 Per Order |
Adroit Financial and Zerodha Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Adroit Financial charges 0.03% for commodity trading, while Zerodha charges CDSL.
| Commodity Brokerage Charges | Adroit Financial | Zerodha |
|---|---|---|
| Commodity Options Brokerage | 0.03% | CDSL |
Adroit Financial and Zerodha Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Adroit Financial levies a minimum brokerage fee of Percentage of Transaction, while Zerodha charges Zero brokerage fee.
Transaction Brokerage Charges: Adroit Financial levies a transaction brokerage charge of 0.00295%, while Zerodha charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Adroit Financial is 0.0002% of Total Turnover and for Adroit Financial is 0.002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Adroit Financial are 0.0126% of Total Turnover, while for Zerodha, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Adroit Financial charges NA and Zerodha charges Rs 50 per executed order.
| Other Brokerage Charges | Adroit Financial | Zerodha |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00295% | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 50 per executed order |
Adroit Financial and Zerodha Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Adroit Financial is up to Upto 1x and by Zerodha it is up to Upto 20x.
Equity Intraday: Leverage for equity intraday by Adroit Financial is up to Upto 2x and by Zerodha it is up to Upto 28x.
Equity Futures: Leverage for Equity Futures by Adroit Financial is up to Upto 1x and by Zerodha it is up to Upto 15x.
Equity Options: Leverage for Equity Options by Adroit Financial is up to Upto 2x and by Zerodha also, it is up to Upto 8x.
| Equity Leverage | Adroit Financial | Zerodha |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 20x | Equity Intraday | Upto 2x | Upto 28x | Equity Futures | Upto 1x | Upto 15x | Equity Options | Upto 2x | Upto 8x |
Adroit Financial and Zerodha Currency Leverage
The currency futures leverage provided by Adroit Financial is up to Upto 1x, while for Zerodha it is up to Upto 12x.
The currency options leverage provided by Adroit Financial is up to Upto 1x, while for Zerodha it is up to Upto 8x.
| Currency Leverage | Adroit Financial | Zerodha |
|---|---|---|
| Currency Futures | Upto 1x | Upto 12x | Currency Options | Upto 1x | Upto 8x |
Adroit Financial and Zerodha Commodity Leverage
The commodity leverage provided by Adroit Financial is up to Upto 1x, while for Zerodha it is up to Upto 17.
| Commodity Leverage | Adroit Financial | Zerodha |
|---|---|---|
| Commodity | Upto 1x | Upto 17 |
Adroit Financial and Zerodha Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Adroit Financial | Zerodha |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | No | No | Flexible Plans | No | No | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Adroit Financial and Zerodha Features
Equity Trading: Adroit Financial and Zerodha brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Adroit Financial and Zerodha also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Adroit Financial and Zerodha broker is that you can also invest in IPOs. Adroit Financial also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Adroit Financial offers trading exposure of up to Upto 2x, while Zerodha gives up to Upto 28x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Adroit Financial and Zerodha, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Adroit Financial and Zerodha also allow you to trade in forex trading.
| Features | Adroit Financial | Zerodha |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 2x | Upto 28x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Adroit Financial and Zerodha Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Adroit Financial and Zerodha offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Adroit Financial | Zerodha |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Adroit Financial and Zerodha Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Adroit Financial and Zerodha offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Adroit Financial | Zerodha |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Adroit Financial and Zerodha Mobile Trading Platforms
Adroit Financial and Zerodha offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Adroit Financial | Zerodha |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Adroit Financial and Zerodha Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Adroit Financial and Zerodha give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Adroit Financial | Zerodha |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | Yes |
| Toll free number | No | No |
| Support Branches | 9 | Zero |
Adroit Financial and Zerodha Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Adroit Financial and Zerodha registered and resolved complaints.
For Adroit Financial, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Zerodha, the Percentage of resolved BSE complaints is 97.50 % and the Percentage of resolved NSE complaints is 95.51 %.
We can say that Adroit Financial is better than Zerodha in case of resolving customer complaints.
| BSE Complaints | Adroit Financial | Zerodha |
|---|---|---|
| BSE Complaints | 1 | 120 |
| BSE Resolved Complaints | 1 | 117 |
| Percentage of resolved BSE complaints | 100.00 % | 97.50 % |
| NSE Complaints | 2 | 89 |
| NSE Resolved Complaints | 2 | 85 |
| Percentage of resolved NSE complaints | 100.00 % | 95.51 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 96.50 % |
Frequently Asked Questions
Is Adroit Financial better than Zerodha?
Adroit Financial is a full service broker and Zerodha is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Zerodha better than Adroit Financial?
Zerodha is a discount broker and Adroit Financial is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Adroit Financial and Zerodha?
Being a full-service broker, Adroit Financial tends to have higher brokerage charges, while Zerodha, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Adroit Financial and Zerodha?
To figure out which of the two stockbrokers, Adroit Financial and Zerodha, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Adroit Financial with other stock brokers
Visit the following pages to see a detailed comparision report of Adroit Financial with other brokerage firms.
Compare Zerodha with other stock brokers
Visit the following pages to see a detailed comparision report of Zerodha with other brokerage firms.