Top Stock Advisory
Marfatia Stock Broking vs. Tradeplus
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 Marfatia Stock Broking and Tradeplus. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Marfatia Stock Broking and Tradeplus.
Overview
Marfatia Stock Broking and Tradeplus are both public companies and Marfatia Stock Broking operates as a full service Broker, while Tradeplus functions as a discount broker. Nishil Marfatia co-founded Marfatia Stock Broking in 2002. And Tradeplus was founded in the year 1995 by Jawahar Vadivelu. Marfatia Stock Broking's headquarters are in Vadodara, Gujarat and Tradeplus's headquarters are in Chennai.
Marfatia Stock Broking operates as a full service Broker, while Tradeplus functions as a discount broker. Marfatia Stock Broking is registered in NA, while Tradeplus is registered in BSE, NSE, MCX. The total branches of Marfatia Stock Broking are Nil and the Tradeplus branches are Nil.
| Overview | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Public |
| Headquarter | Vadodara, Gujarat | Chennai |
| Founders | Nishil Marfatia | Jawahar Vadivelu |
| Foundation Year | 2002 | 1995 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | Nil |
Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking charging Free and Tradeplus charging NA.
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 Marfatia Stock Broking Demat account is Rs.400 per Annum and for the Tradeplus Demat account is NA. The Trading AMC for Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking and Tradeplus is CDSL.
| Account Opening and Demat Charges | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Trading Account Opening Charges | Free | NA |
| Demat AMC (Annual Maintenance Charges) | Rs.400 per Annum | NA |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.650 (with GST) |
| Margin Money | Zero Margin | Yes |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL |
Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking is 0.29%, while Tradeplus charges you Free.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Marfatia Stock Broking is 0.03% and for Tradeplus also, it is Flexi Scheme Lower of : Rs. 9 per traded order or 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Marfatia Stock Broking charge 0.03% and Tradeplus charge Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) 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, Marfatia Stock Broking charges Rs.29 per Lot, and Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Equity Brokerage Charges | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Equity Delivery Brokerage | 0.29% | Free |
| Equity Intraday Brokerage | 0.03% | Flexi Scheme Lower of : Rs. 9 per traded order or 0.01% |
| Equity Futures Brokerage | 0.03% | Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) |
| Equity Options Brokerage | Rs.29 per Lot | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking is 0.03% and for Tradeplus is Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
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. Marfatia Stock Broking charges Rs.19 per Lot for currency options, whereas Marfatia Stock Broking charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Currency Brokerage Charges | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
| Currency Options Brokerage | Rs.19 per Lot | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Marfatia Stock Broking and Tradeplus 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. Marfatia Stock Broking charges NA for commodity trading, while Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Commodity Brokerage Charges | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Commodity Options Brokerage | NA | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Marfatia Stock Broking and Tradeplus Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Marfatia Stock Broking levies a minimum brokerage fee of Percentage of Transaction, while Tradeplus charges Zero brokerage fee.
Transaction Brokerage Charges: Marfatia Stock Broking levies a transaction brokerage charge of 0.00275%, while Tradeplus 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 Marfatia Stock Broking is 0.0002% of Total Turnover and for Marfatia Stock Broking is Rs.10 per crore.
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 Marfatia Stock Broking are 0.0126% of selling value, while for Tradeplus, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Marfatia Stock Broking charges NA and Tradeplus charges Flat Rs 75 per day.
| Other Brokerage Charges | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00275% | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | Rs.10 per crore | 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 selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | Flat Rs 75 per day |
Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking is up to Upto 3x and by Tradeplus it is up to Upto 4x.
Equity Intraday: Leverage for equity intraday by Marfatia Stock Broking is up to Upto 6x and by Tradeplus it is up to Upto 20x.
Equity Futures: Leverage for Equity Futures by Marfatia Stock Broking is up to Upto 3x and by Tradeplus it is up to Intraday leverage 2X | Cover Order Margin 3%.
Equity Options: Leverage for Equity Options by Marfatia Stock Broking is up to Upto 4x and by Tradeplus also, it is up to Intraday Leverage of 2X.
| Equity Leverage | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x | Equity Intraday | Upto 6x | Upto 20x | Equity Futures | Upto 3x | Intraday leverage 2X | Cover Order Margin 3% | Equity Options | Upto 4x | Intraday Leverage of 2X |
Marfatia Stock Broking and Tradeplus Currency Leverage
The currency futures leverage provided by Marfatia Stock Broking is up to Upto 2x, while for Tradeplus it is up to Intraday Leverage of 2X.
The currency options leverage provided by Marfatia Stock Broking is up to Upto 3x, while for Tradeplus it is up to 1X.
| Currency Leverage | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Currency Futures | Upto 2x | Intraday Leverage of 2X | Currency Options | Upto 3x | 1X |
Marfatia Stock Broking and Tradeplus Commodity Leverage
The commodity leverage provided by Marfatia Stock Broking is up to Upto 2x, while for Tradeplus it is up to NA.
| Commodity Leverage | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Commodity | Upto 2x | NA |
Marfatia Stock Broking and Tradeplus 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 | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Free Stock Trading Account | No | No | Free Demat Account | Yes | Yes | Flexible Plans | Yes | No | Brokerage Discounts | Yes | 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 |
Marfatia Stock Broking and Tradeplus Features
Equity Trading: Marfatia Stock Broking and Tradeplus 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: Marfatia Stock Broking and Tradeplus also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Marfatia Stock Broking and Tradeplus broker is that you can also invest in IPOs. Marfatia Stock Broking also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Marfatia Stock Broking offers trading exposure of up to Upto 6x, while Tradeplus gives up to Upto 30x.
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 Marfatia Stock Broking and Tradeplus, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Marfatia Stock Broking and Tradeplus also allow you to trade in forex trading.
| Features | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| 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 | No | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | Yes | No | Trading Exposure | Upto 6x | Upto 30x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Marfatia Stock Broking and Tradeplus 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. Marfatia Stock Broking and Tradeplus 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 | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Marfatia Stock Broking and Tradeplus 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. Marfatia Stock Broking and Tradeplus 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 | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Marfatia Stock Broking and Tradeplus Mobile Trading Platforms
Marfatia Stock Broking and Tradeplus offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Marfatia Stock Broking and Tradeplus 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. Marfatia Stock Broking and Tradeplus 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 | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 20 | 0 |
Marfatia Stock Broking and Tradeplus 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 Marfatia Stock Broking and Tradeplus registered and resolved complaints.
For Marfatia Stock Broking, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Tradeplus, the Percentage of resolved BSE complaints is 50.00 % and the Percentage of resolved NSE complaints is 72.06 %.
We can say that Marfatia Stock Broking is better than Tradeplus in case of resolving customer complaints.
| BSE Complaints | Marfatia Stock Broking | Tradeplus |
|---|---|---|
| BSE Complaints | 0 | 38 |
| BSE Resolved Complaints | 0 | 19 |
| Percentage of resolved BSE complaints | NaN % | 50.00 % |
| NSE Complaints | 2 | 136 |
| NSE Resolved Complaints | 2 | 98 |
| Percentage of resolved NSE complaints | 100.00 % | 72.06 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 61.03 % |
Frequently Asked Questions
Is Marfatia Stock Broking better than Tradeplus?
Marfatia Stock Broking is a full service broker and Tradeplus is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Tradeplus better than Marfatia Stock Broking?
Tradeplus is a discount broker and Marfatia Stock Broking 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 Marfatia Stock Broking and Tradeplus?
Being a full-service broker, Marfatia Stock Broking tends to have higher brokerage charges, while Tradeplus, 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, Marfatia Stock Broking and Tradeplus?
To figure out which of the two stockbrokers, Marfatia Stock Broking and Tradeplus, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Marfatia Stock Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Marfatia Stock Broking with other brokerage firms.
Compare Tradeplus with other stock brokers
Visit the following pages to see a detailed comparision report of Tradeplus with other brokerage firms.