Top Stock Advisory
Zerodha vs. Systematix Shares
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 Zerodha and Systematix Shares. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Zerodha and Systematix Shares.
Overview
Zerodha is private company and Systematix Shares is public company. Zerodha operates as a discount broker, while Systematix Shares functions as a full service broker. Nithin Kamath co-founded Zerodha in 2010. And Systematix Shares was founded in the year 2003 by Chandra Prakash Khandelwal. Zerodha's headquarters are in Bangalore, India and Systematix Shares's headquarters are in Mumbai, Maharashtra.
Zerodha operates as a discount broker, while Systematix Shares functions as a full service broker. Zerodha is registered in NSE, BSE, MCX and NCDEX, while Systematix Shares is registered in NA. The total branches of Zerodha are 22 and the Systematix Shares branches are Nil.
| Overview | Zerodha | Systematix Shares |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Bangalore, India | Mumbai, Maharashtra |
| Founders | Nithin Kamath | Chandra Prakash Khandelwal |
| Foundation Year | 2010 | 2003 |
| Supported Exchanges | NSE, BSE, MCX and NCDEX | NA |
| Total branches | 22 | Nil |
Zerodha and Systematix Shares 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 Zerodha charging Rs.300 and Systematix Shares charging Rs.250.
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 Zerodha Demat account is Rs.300 per Annum and for the Systematix Shares Demat account is Rs.250 per Annum. The Trading AMC for Zerodha and Systematix Shares 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 Zerodha and Systematix Shares is CDSL.
| Account Opening and Demat Charges | Zerodha | Systematix Shares |
|---|---|---|
| Trading Account Opening Charges | Rs.300 | Rs.250 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Rs.250 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero | Minimum Rs.5,100 |
| Offline to Online Charges | Not applicable | Yes |
| Depository | Free | CDSL & NSDL |
Zerodha and Systematix Shares 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 Zerodha is Rs.20 Per Order, while Systematix Shares charges you 0.35%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Zerodha is Rs.20 Per Order and for Systematix Shares also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Zerodha charge Rs.20 Per Order and Systematix Shares charge 0.04% 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, Zerodha charges Rs.20 Per Order, and Systematix Shares charges Rs.35 per Lot.
| Equity Brokerage Charges | Zerodha | Systematix Shares |
|---|---|---|
| Equity Delivery Brokerage | Rs.20 Per Order | 0.35% |
| Equity Intraday Brokerage | Rs.20 Per Order | 0.04% |
| Equity Futures Brokerage | Rs.20 Per Order | 0.04% |
| Equity Options Brokerage | Rs.20 Per Order | Rs.35 per Lot |
Zerodha and Systematix Shares 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 Zerodha is Rs.20 Per Order and for Systematix Shares is 0.04%.
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. Zerodha charges Rs.20 Per Order for currency options, whereas Zerodha charges Rs.15 per Lot.
| Currency Brokerage Charges | Zerodha | Systematix Shares |
|---|---|---|
| Currency Futures Brokerage | Rs.20 Per Order | 0.04% |
| Currency Options Brokerage | Rs.20 Per Order | Rs.15 per Lot |
Zerodha and Systematix Shares 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. Zerodha charges CDSL for commodity trading, while Systematix Shares charges 0.04%.
| Commodity Brokerage Charges | Zerodha | Systematix Shares |
|---|---|---|
| Commodity Options Brokerage | CDSL | 0.04% |
Zerodha and Systematix Shares Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Zerodha levies a minimum brokerage fee of Zero, while Systematix Shares charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Zerodha levies a transaction brokerage charge of 0.00325% of Total Turnover, while Systematix Shares charges 0.00299%.
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 Zerodha is 0.002% of Total Turnover and for Zerodha 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 Zerodha are 0.0126% of Total Turnover, while for Systematix Shares, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Zerodha charges Rs 50 per executed order and Systematix Shares charges NA.
| Other Brokerage Charges | Zerodha | Systematix Shares |
|---|---|---|
| Minimum Brokerage Charges | Zero | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00299% | SEBI Turnover Charges | 0.002% of Total Turnover | 0.0002% 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 | Rs 50 per executed order | NA |
Zerodha and Systematix Shares 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 Zerodha is up to Upto 20x and by Systematix Shares it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Zerodha is up to Upto 28x and by Systematix Shares it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Zerodha is up to Upto 15x and by Systematix Shares it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Zerodha is up to Upto 8x and by Systematix Shares also, it is up to Upto 4x.
| Equity Leverage | Zerodha | Systematix Shares |
|---|---|---|
| Equity Delivery | Upto 20x | Upto 2x | Equity Intraday | Upto 28x | Upto 10x | Equity Futures | Upto 15x | Upto 2x | Equity Options | Upto 8x | Upto 4x |
Zerodha and Systematix Shares Currency Leverage
The currency futures leverage provided by Zerodha is up to Upto 12x, while for Systematix Shares it is up to Upto 3x.
The currency options leverage provided by Zerodha is up to Upto 8x, while for Systematix Shares it is up to Upto 4x.
| Currency Leverage | Zerodha | Systematix Shares |
|---|---|---|
| Currency Futures | Upto 12x | Upto 3x | Currency Options | Upto 8x | Upto 4x |
Zerodha and Systematix Shares Commodity Leverage
The commodity leverage provided by Zerodha is up to Upto 17, while for Systematix Shares it is up to Upto 2x.
| Commodity Leverage | Zerodha | Systematix Shares |
|---|---|---|
| Commodity | Upto 17 | Upto 2x |
Zerodha and Systematix Shares 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 | Zerodha | Systematix Shares |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | No | No | Flexible Plans | No | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Zerodha and Systematix Shares Features
Equity Trading: Zerodha and Systematix Shares 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: Zerodha and Systematix Shares also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Zerodha and Systematix Shares broker is that you can also invest in IPOs. Zerodha also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Zerodha offers trading exposure of up to Upto 28x, while Systematix Shares gives up to Upto 10x.
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 Zerodha and Systematix Shares, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Zerodha and Systematix Shares also allow you to trade in forex trading.
| Features | Zerodha | Systematix Shares |
|---|---|---|
| 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 | No | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 28x | Upto 10x | Mutual Funds | No | No | SIP (Systematic Investment Plan) | No | No | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Zerodha and Systematix Shares 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. Zerodha and Systematix Shares 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 | Zerodha | Systematix Shares |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | No | Yes |
| IPO Reports | No | Yes |
| Top Picks | No | No |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Zerodha and Systematix Shares 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. Zerodha and Systematix Shares 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 | Zerodha | Systematix Shares |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Zerodha and Systematix Shares Mobile Trading Platforms
Zerodha and Systematix Shares offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Zerodha | Systematix Shares |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Zerodha and Systematix Shares 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. Zerodha and Systematix Shares 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 | Zerodha | Systematix Shares |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | Yes | No |
| Toll free number | No | No |
| Support Branches | Zero | 7 |
Zerodha and Systematix Shares 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 Zerodha and Systematix Shares registered and resolved complaints.
For Zerodha, the Percentage of resolved BSE complaints is 97.50 % and the Percentage of resolved NSE complaints is 95.51 %.
For Systematix Shares, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Zerodha is better than Systematix Shares in case of resolving customer complaints.
| BSE Complaints | Zerodha | Systematix Shares |
|---|---|---|
| BSE Complaints | 120 | 2 |
| BSE Resolved Complaints | 117 | 2 |
| Percentage of resolved BSE complaints | 97.50 % | 100.00 % |
| NSE Complaints | 89 | 4 |
| NSE Resolved Complaints | 85 | 4 |
| Percentage of resolved NSE complaints | 95.51 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 96.50 % | 100.00 % |
Frequently Asked Questions
Is Zerodha better than Systematix Shares?
Zerodha is a discount broker and Systematix Shares is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Systematix Shares better than Zerodha?
Systematix Shares is a full service broker and Zerodha is a discount 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 Zerodha and Systematix Shares?
The brokerage charges for Zerodha are on the cheaper side since it is a discount broker, while Systematix Shares is a full-service broker. 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, Zerodha and Systematix Shares?
To figure out which of the two stockbrokers, Zerodha and Systematix Shares, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Zerodha with other stock brokers
Visit the following pages to see a detailed comparision report of Zerodha with other brokerage firms.
Compare Systematix Shares with other stock brokers
Visit the following pages to see a detailed comparision report of Systematix Shares with other brokerage firms.