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Background

Year of Incorporation 2010 1987
Website zerodha motilaloswal
Phone 0120-6633205 022-30896680
Exchanges enabled NSE, BSE, MCX-SX & MCX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL/CDSL
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 2.3 Crores Rs 87.3 Crores
Profit after Tax FY12/13 Rs 5.8 Crores Rs 89.0 Crores
Profit after Tax FY13/14 Rs 10.27 Crores Rs 18.4 Crores
Profit after Tax FY 14/15 NA NA
Debt FY11/12 0 Rs 43.9 Crores
Debt FY12/13 0 Rs 2.9 Crores
Debt FY13/14 0 Rs 6.08 Crores
Debt FY14/15 NA NA
Profit to Equity(%) FY11/12 152 15.88
Profit to Equity(%) FY12/13 244 13.28
Profit to Equity(%) FY13/14 147 2.72
Profit to Equity(%) FY14/15 NA NA
Balance Sheet Size FY11/12 Rs 25.4 Crores Rs 997 Crores
Balance Sheet Size FY12/13 Rs 64.5 Crores Rs 1277 Crores
Balance Sheet Size FY13/14 Rs 111.1 Crores Rs 1353 Crores
Balance Sheet Size FY14/15 NA NA
Brokerage

Equity Freedom Plan , Pro Plan, ultimate brokerage . 0.05% for Intraday & 0.5% for Delivery - Reduces upto 0.015/0.15% if brokerage paid upfront
Equity Futures Freedom Plan , Pro Plan, ultimate brokerage . 0.05% - Reduces upto 0.015% if brokerage paid upfront
Equity Options Freedom Plan , Pro Plan, ultimate brokerage . Rs 70/lot - Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures Freedom Plan , Pro Plan, ultimate brokerage . 0.05% - Reduces upto 0.015% if brokerage paid upfront
Currency Options Freedom Plan , Pro Plan, ultimate brokerage . Rs 20/lot
Commodity Freedom Plan , Pro Plan, ultimate brokerage . 0.05% - Reduces upto 0.015% if brokerage paid upfront
Account Opening Costs

Trading only Free NA
Trading & Demat Free Free, but with Margin Cheque
Commodity Free Free, but with Margin Cheque
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% on Turnover 0.00325% of Turnover
Futures 0.0021% on Contract Turnover 0.00200% of Turnover
Options 0.053% on Premium Turnover 0.051% of Premium Turnover
Commodities 0.0031% on Contract turnover 0.0025% of Turnover
AMC charge Trading: 0, Demat: Rs 300/year Free
DP Transaction Charge Rs 14 per debit instruction Rs 20/Debit Transaction
Offline order placing Charge Rs 20 per executed order Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 365 days on Zerodha Pi 3 Months - Pay Extra for Falcon
End of Day 10 years on Zerodha Pi 10 years - Pay Extra for Falcon
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times intraday, 0 for Delivery Upto 10 Times for Intraday, & For Delivery Upto 3 times @24%/Annum
Equity Futures Upto 7 times intraday leverage Upto 2 Times Intraday
Equity Options Buying no leverage, Shorting upto 7 times leverage intrdaday NA
Currency Futures 2 times intraday leverage Upto 2 times Intraday
Currency Options Buying no leverage, Shorting upto 2 times intraday leverage NA
Commodity 2.5 times intraday leverage Upto 2 times Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers