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Anand Rathi vs. Eureka Securities

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 Anand Rathi and Eureka Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Anand Rathi and Eureka Securities.


Overview

Anand Rathi are Eureka Securities both private companies and both are full service broker as well. Anand Rathi & Pradeep Gupta co-founded Anand Rathi in 1994. And Eureka Securities was founded in the year 1992 by Ramesh Kumar Somani. Anand Rathi's headquarters are in Mumbai, India and Eureka Securities's headquarters are in Kolkata, West Bengal.

Anand Rathi and Eureka Securities both are full service broker as well. Anand Rathi is registered in NSE, BSE, MCX, NCDEX & NSEL, while Eureka Securities is registered in NA. The total branches of Anand Rathi are 1200 and the Eureka Securities branches are Nil.

OverviewAnand RathiEureka Securities
Broker TypeFull Service BrokerFull Service Broker
Type of companyPrivatePrivate
HeadquarterMumbai, IndiaKolkata, West Bengal
FoundersAnand Rathi & Pradeep GuptaRamesh Kumar Somani
Foundation Year19941992
Supported ExchangesNSE, BSE, MCX, NCDEX & NSELNA
Total branches1200Nil

Anand Rathi and Eureka Securities 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 Anand Rathi charging Rs.750 and Eureka Securities charging Rs.400.

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 Anand Rathi Demat account is Rs.300 per Annum and for the Eureka Securities Demat account is Zero. The Trading AMC for Anand Rathi and Eureka Securities 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 Anand Rathi and Eureka Securities is CDSL.

Account Opening and Demat ChargesAnand RathiEureka Securities
Trading Account Opening ChargesRs.750Rs.400
Demat AMC (Annual Maintenance Charges)Rs.300 per AnnumZero
Trading AMC (Annual Maintenance Charges)FreeZero
Margin MoneyRs.25,000Minimum Rs.15,000
Offline to Online ChargesNot applicableYes
DepositoryCDSLCDSL & NSDL

Anand Rathi and Eureka Securities 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 Anand Rathi is 0.15% – 0.50%, while Eureka Securities charges you 0.30%.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Anand Rathi is 0.015% – 0.050% and for Eureka Securities also, it is 0.03%.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Anand Rathi charge 0.015% – 0.050% and Eureka Securities charge 0.03% 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, Anand Rathi charges Rs.20 – Rs.75 per lot, and Eureka Securities charges Rs.50 per lot.

Equity Brokerage ChargesAnand RathiEureka Securities
Equity Delivery Brokerage0.15% – 0.50%0.30%
Equity Intraday Brokerage0.015% – 0.050%0.03%
Equity Futures Brokerage0.015% – 0.050%0.03%
Equity Options BrokerageRs.20 – Rs.75 per lotRs.50 per lot

Anand Rathi and Eureka Securities 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 Anand Rathi is 0.015% – 0.050% and for Eureka Securities is 0.03%.

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. Anand Rathi charges Rs.20 – Rs.75 per lot for currency options, whereas Anand Rathi charges Rs.20 per Lot.

Currency Brokerage ChargesAnand RathiEureka Securities
Currency Futures Brokerage0.015% – 0.050%0.03%
Currency Options BrokerageRs.20 – Rs.75 per lotRs.20 per Lot

Anand Rathi and Eureka Securities 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. Anand Rathi charges 0.008% – 0.050% for commodity trading, while Eureka Securities charges 0.03%.

Commodity Brokerage ChargesAnand RathiEureka Securities
Commodity Options Brokerage0.008% – 0.050%0.03%

Anand Rathi and Eureka Securities Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Anand Rathi levies a minimum brokerage fee of As per Transaction, while Eureka Securities charges Percentage of Transaction brokerage fee.

Transaction Brokerage Charges: Anand Rathi levies a transaction brokerage charge of 0.00350% of Total Turnover, while Eureka Securities charges 0.00300% 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 Anand Rathi is 0.0002% of Total Turnover and for Anand Rathi is 0.0002% 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 Anand Rathi are 0.0126% of Total Turnover, while for Eureka Securities, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Anand Rathi charges NA and Eureka Securities charges NA.

Other Brokerage ChargesAnand RathiEureka Securities
Minimum Brokerage ChargesAs per TransactionPercentage of Transaction
Transaction Brokerage Charges0.00350% of Total Turnover0.00300% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesNANA

Anand Rathi and Eureka Securities 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 Anand Rathi is up to Upto 14x and by Eureka Securities it is up to Upto 2x.

Equity Intraday: Leverage for equity intraday by Anand Rathi is up to Upto 21x and by Eureka Securities it is up to Upto 6x.

Equity Futures: Leverage for Equity Futures by Anand Rathi is up to Upto 12x and by Eureka Securities it is up to Upto 2x.

Equity Options: Leverage for Equity Options by Anand Rathi is up to Upto 15x and by Eureka Securities also, it is up to Upto 4x.

Equity LeverageAnand RathiEureka Securities
Equity DeliveryUpto 14xUpto 2x
Equity IntradayUpto 21xUpto 6x
Equity FuturesUpto 12xUpto 2x
Equity OptionsUpto 15xUpto 4x

Anand Rathi and Eureka Securities Currency Leverage

The currency futures leverage provided by Anand Rathi is up to Upto 5x, while for Eureka Securities it is up to Upto 2x.

The currency options leverage provided by Anand Rathi is up to Upto 8x, while for Eureka Securities it is up to Upto 3x.

Currency LeverageAnand RathiEureka Securities
Currency FuturesUpto 5xUpto 2x
Currency OptionsUpto 8xUpto 3x

Anand Rathi and Eureka Securities Commodity Leverage

The commodity leverage provided by Anand Rathi is up to Upto 14x, while for Eureka Securities it is up to Upto 3x.

Commodity LeverageAnand RathiEureka Securities
CommodityUpto 14xUpto 3x

Anand Rathi and Eureka Securities 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.

OffersAnand RathiEureka Securities
Free Stock Trading AccountNoNo
Free Demat AccountNoNo
Flexible PlansYesYes
Brokerage DiscountsYesNo
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersNoNo
Referral ProgramNoNo
Zero Brokerage on Loss TradesNoNo

Anand Rathi and Eureka Securities Features

Equity Trading: Anand Rathi and Eureka Securities 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: Anand Rathi and Eureka Securities also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Anand Rathi and Eureka Securities broker is that you can also invest in IPOs. Anand Rathi also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Anand Rathi offers trading exposure of up to Upto 21x, while Eureka Securities gives up to Upto 6x.

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 Anand Rathi and Eureka Securities, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Anand Rathi and Eureka Securities also allow you to trade in forex trading.

FeaturesAnand RathiEureka Securities
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)YesYes
Trading InstitutionNoYes
Trading ExposureUpto 21xUpto 6x
Mutual FundsYesYes
SIP (Systematic Investment Plan)YesNo
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

Anand Rathi and Eureka Securities 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. Anand Rathi and Eureka Securities 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 ServicesAnand RathiEureka Securities
Fundamental ReportsYesNo
Research ReportsYesNo
Company ReportsYesNo
Annual ReportsYesNo
Company Stock ReviewYesNo
Free Stock TipsNoYes
IPO ReportsYesNo
Top PicksYesYes
Daily Market ReviewYesNo
Monthly ReportsYesNo
Weekly reportsYesNo
Offline AdvisoryYesYes
Relationship ManagerYesYes

Anand Rathi and Eureka Securities 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. Anand Rathi and Eureka Securities 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 PlatformsAnand RathiEureka Securities
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

Anand Rathi and Eureka Securities Mobile Trading Platforms

Anand Rathi and Eureka Securities offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsAnand RathiEureka Securities
Mobile BrowserYesYes
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

Anand Rathi and Eureka Securities 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. Anand Rathi and Eureka Securities 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 FeaturesAnand RathiEureka Securities
Relationship ManagerYesYes
Offline TradingYesYes
Online TradingYesYes
24 * 7 SupportNoNo
Email SupportYesNo
Chat SupportNoNo
Toll free numberNoNo
Support Branches12035

Anand Rathi and Eureka Securities 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 Anand Rathi and Eureka Securities registered and resolved complaints.

For Anand Rathi, the Percentage of resolved BSE complaints is 81.58% and the Percentage of resolved NSE complaints is 76.79 %.

For Eureka Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.

We can say that Anand Rathi is better than Eureka Securities in case of resolving customer complaints.

BSE ComplaintsAnand RathiEureka Securities
BSE Complaints1520
BSE Resolved Complaints1240
Percentage of resolved BSE complaints81.58%NaN %
NSE Complaints1121
NSE Resolved Complaints861
Percentage of resolved NSE complaints76.79 %100.00 %
BSE/NSE Complaint vs. Resolved Percentage79.38 %NaN %

Frequently Asked Questions


  1. Is Anand Rathi better than Eureka Securities?

    Anand Rathi and Eureka Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Eureka Securities better than Anand Rathi?

    Eureka Securities and Anand Rathi are at the top among the best full service brokers. 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.

  3. Which is cheaper between Anand Rathi and Eureka Securities?

    Anand Rathi and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. 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.

  4. Which is better, Anand Rathi and Eureka Securities?

    To figure out which of the two stockbrokers, Anand Rathi and Eureka Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Anand Rathi with other stock brokers

Visit the following pages to see a detailed comparision report of Anand Rathi with other brokerage firms.


Compare Eureka Securities with other stock brokers

Visit the following pages to see a detailed comparision report of Eureka Securities with other brokerage firms.