Top Stock Advisory
Systematix Shares 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 Systematix Shares and Zerodha. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Systematix Shares and Zerodha.
Overview
Systematix Shares is public company and Zerodha is private company. Systematix Shares operates as a full service Broker, while Zerodha functions as a discount broker. Chandra Prakash Khandelwal co-founded Systematix Shares in 2003. And Zerodha was founded in the year 2010 by Nithin Kamath. Systematix Shares's headquarters are in Mumbai, Maharashtra and Zerodha's headquarters are in Bangalore, India.
Systematix Shares operates as a full service Broker, while Zerodha functions as a discount broker. Systematix Shares is registered in NA, while Zerodha is registered in NSE, BSE, MCX and NCDEX. The total branches of Systematix Shares are Nil and the Zerodha branches are 22.
| Overview | Systematix Shares | Zerodha |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | Bangalore, India |
| Founders | Chandra Prakash Khandelwal | Nithin Kamath |
| Foundation Year | 2003 | 2010 |
| Supported Exchanges | NA | NSE, BSE, MCX and NCDEX |
| Total branches | Nil | 22 |
Systematix Shares 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 Systematix Shares charging Rs.250 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 Systematix Shares Demat account is Rs.250 per Annum and for the Zerodha Demat account is Rs.300 per Annum. The Trading AMC for Systematix Shares 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 Systematix Shares and Zerodha is CDSL.
| Account Opening and Demat Charges | Systematix Shares | Zerodha |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | 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.5,100 | Zero |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | Free |
Systematix Shares 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 Systematix Shares is 0.35%, 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 Systematix Shares is 0.04% 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. Systematix Shares charge 0.04% 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, Systematix Shares charges Rs.35 per Lot, and Zerodha charges Rs.20 Per Order.
| Equity Brokerage Charges | Systematix Shares | Zerodha |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | Rs.20 Per Order |
| Equity Intraday Brokerage | 0.04% | Rs.20 Per Order |
| Equity Futures Brokerage | 0.04% | Rs.20 Per Order |
| Equity Options Brokerage | Rs.35 per Lot | Rs.20 Per Order |
Systematix Shares 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 Systematix Shares is 0.04% 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. Systematix Shares charges Rs.15 per Lot for currency options, whereas Systematix Shares charges Rs.20 Per Order.
| Currency Brokerage Charges | Systematix Shares | Zerodha |
|---|---|---|
| Currency Futures Brokerage | 0.04% | Rs.20 Per Order |
| Currency Options Brokerage | Rs.15 per Lot | Rs.20 Per Order |
Systematix Shares 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. Systematix Shares charges 0.04% for commodity trading, while Zerodha charges CDSL.
| Commodity Brokerage Charges | Systematix Shares | Zerodha |
|---|---|---|
| Commodity Options Brokerage | 0.04% | CDSL |
Systematix Shares and Zerodha Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Systematix Shares levies a minimum brokerage fee of Percentage of Transaction, while Zerodha charges Zero brokerage fee.
Transaction Brokerage Charges: Systematix Shares levies a transaction brokerage charge of 0.00299%, 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 Systematix Shares is 0.0002% of Total Turnover and for Systematix Shares 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 Systematix Shares 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. Systematix Shares charges NA and Zerodha charges Rs 50 per executed order.
| Other Brokerage Charges | Systematix Shares | Zerodha |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00299% | 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 |
Systematix Shares 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 Systematix Shares is up to Upto 2x and by Zerodha it is up to Upto 20x.
Equity Intraday: Leverage for equity intraday by Systematix Shares is up to Upto 10x and by Zerodha it is up to Upto 28x.
Equity Futures: Leverage for Equity Futures by Systematix Shares is up to Upto 2x and by Zerodha it is up to Upto 15x.
Equity Options: Leverage for Equity Options by Systematix Shares is up to Upto 4x and by Zerodha also, it is up to Upto 8x.
| Equity Leverage | Systematix Shares | Zerodha |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 20x | Equity Intraday | Upto 10x | Upto 28x | Equity Futures | Upto 2x | Upto 15x | Equity Options | Upto 4x | Upto 8x |
Systematix Shares and Zerodha Currency Leverage
The currency futures leverage provided by Systematix Shares is up to Upto 3x, while for Zerodha it is up to Upto 12x.
The currency options leverage provided by Systematix Shares is up to Upto 4x, while for Zerodha it is up to Upto 8x.
| Currency Leverage | Systematix Shares | Zerodha |
|---|---|---|
| Currency Futures | Upto 3x | Upto 12x | Currency Options | Upto 4x | Upto 8x |
Systematix Shares and Zerodha Commodity Leverage
The commodity leverage provided by Systematix Shares is up to Upto 2x, while for Zerodha it is up to Upto 17.
| Commodity Leverage | Systematix Shares | Zerodha |
|---|---|---|
| Commodity | Upto 2x | Upto 17 |
Systematix Shares 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 | Systematix Shares | Zerodha |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | No | No | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Systematix Shares and Zerodha Features
Equity Trading: Systematix Shares 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: Systematix Shares and Zerodha also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Systematix Shares and Zerodha broker is that you can also invest in IPOs. Systematix Shares also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Systematix Shares offers trading exposure of up to Upto 10x, 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 Systematix Shares and Zerodha, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Systematix Shares and Zerodha also allow you to trade in forex trading.
| Features | Systematix Shares | 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) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 28x | Mutual Funds | No | No | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Systematix Shares 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. Systematix Shares 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 | Systematix Shares | Zerodha |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | No | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Systematix Shares 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. Systematix Shares 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 | Systematix Shares | Zerodha |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Systematix Shares and Zerodha Mobile Trading Platforms
Systematix Shares and Zerodha offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Systematix Shares | Zerodha |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Systematix Shares 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. Systematix Shares 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 | Systematix Shares | Zerodha |
|---|---|---|
| Relationship Manager | Yes | 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 | 7 | Zero |
Systematix Shares 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 Systematix Shares and Zerodha registered and resolved complaints.
For Systematix Shares, 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 Systematix Shares is better than Zerodha in case of resolving customer complaints.
| BSE Complaints | Systematix Shares | Zerodha |
|---|---|---|
| BSE Complaints | 2 | 120 |
| BSE Resolved Complaints | 2 | 117 |
| Percentage of resolved BSE complaints | 100.00 % | 97.50 % |
| NSE Complaints | 4 | 89 |
| NSE Resolved Complaints | 4 | 85 |
| Percentage of resolved NSE complaints | 100.00 % | 95.51 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 96.50 % |
Frequently Asked Questions
Is Systematix Shares better than Zerodha?
Systematix Shares 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 Systematix Shares?
Zerodha is a discount broker and Systematix Shares 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 Systematix Shares and Zerodha?
Being a full-service broker, Systematix Shares 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, Systematix Shares and Zerodha?
To figure out which of the two stockbrokers, Systematix Shares and Zerodha, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Systematix Shares with other stock brokers
Visit the following pages to see a detailed comparision report of Systematix Shares 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.