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Zerodha vs. Bezel Stock Brokers

Every stockbroker charges a fee for performing the trading deals. Moreover, these fees can be different for different asset classes. It is important to choose the best stock broker for your trading needs to maximize the return on investment.

Please find below, a very detailed comparision report for the stock brokers, Zerodha and Bezel Stock Brokers. The comparision table below helps you to compare Zerodha and Bezel Stock Brokers in various aspects.

You can find how Zerodha and Bezel Stock Brokers stack up when brokerage charges, trading platforms, customer support, complaints and more are compared.

Also, you can visit Zerodha brokerage calculator and Bezel Stock Brokers brokerage calculator for a detailed report on brokerage charges.


Overview

Zerodha and Bezel Stock Brokers are both Private companies. Zerodha was founded by Nithin Kamath in 2010. Zerodha has it's headquarters at Bangalore, India. Bezel Stock Brokers was founded by ANGAD SINGH BHATIA in 1998. Bezel Stock Brokers has it's headquarters at New Delhi. Also, Zerodha is a Discount Broker.

As the name suggests, discount brokers carry out buy/sell orders at a lower commission rate. In general, they charge a fixed brokerage fee. Investors can save a lot of money that they otherwise need to pay to a full-service broker. To know more about discount brokers, please visit Discount brokers in India.

On the contrary, Bezel Stock Brokers is a Full Service Broker. In general, full service brokers provide more investment advice and perform detailed stock analysis for their clients. The brokerage fees are also towards the higher side.

Overview Zerodha Bezel Stock Brokers
Broker Type Discount Broker Full Service Broker
Type of company Private Private
Headquarter Bangalore, India New Delhi
Founders Nithin Kamath ANGAD SINGH BHATIA
Foundation Year 2010 1998

Zerodha and Bezel Stock Brokers Trading Account Opening and Demat Charges

Demat (short for dematerialization account) account is used for holding securities in electronic form, and the securities are deposited through National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

The account opening charges vary from 0 to Rs.200 for various brokers such as Zerodha charges Rs.300 whereas Bezel Stock Brokers charges Rs.400.

Once you have opened a Demat account, you have to pay certain charges such as account maintenance charges, broker commission, GST, STT. The AMC (Annual Maintenance charges) are around Rs.300, and the discount broker usually charges Rs.20 per executed trade as their commission.

As mentioned above that the CDSL and NSDL are both depositories registered by the Indian government to hold securities such as stocks, commodities, bonds, ETF's in electronic form or copies, and different brokers use one of the two depository types. Both Zerodha and Bezel Stock Brokers use CDSL.

Account Opening and Demat Charges Zerodha Bezel Stock Brokers
Trading Account Opening Charges Rs.300 Rs.400
Demat AMC (Annual Maintenance Charges) Rs.300 per Annum Free
Trading AMC (Annual Maintenance Charges) Free Free
Margin Money Zero Zero Margin
Offline to Online Charges Not applicable Yes
Depository CDSL CDSL & NSDL

Zerodha vs. Bezel Stock Brokers Equity Brokerage Charges

Apart from the AMC charges, an investor also has to face other charges for using different services by the broker.

Equity delivery charges: This basically means that you hold the securities for a certain amount of the time in your Demat Account and sell it at the right time to make a gain on your investment. As the competition is really high for brokers in this area, they usually charge Rs.0 for equity delivery to attract more customers, while some charge up to Rs.20 per executed trade. Zerodha charges Rs. 0 for equity delivery and Bezel Stock Brokers charges 0.20% for equity delivery.

Equity Intraday: As the name tells, equity intraday means buying and selling of stocks/shares within the same day. Zerodha charges Rs.20 Per Order for equity intraday and Bezel Stock Brokers charges 0.02% for equity intraday.

Equity Futures: This term means buying and selling shares at a fixed price on a future date. Zerodha charges Rs.20 Per Order for equity futures and Bezel Stock Brokers charges 0.02% for equity futures.

Equity Options: They allow an investor to buy or sell stocks under a set or strike price through a contract (1 contract = 100 shares). Zerodha charges Rs.20 Per Order for equity options and Bezel Stock Brokers charges Rs.20 per Lot for equity options.

Equity Brokerage Charges Zerodha Bezel Stock Brokers
Equity Delivery Brokerage Free 0.20%
Equity Intraday Brokerage Rs.20 Per Order 0.02%
Equity Futures Brokerage Rs.20 Per Order 0.02%
Equity Options Brokerage Rs.20 Per Order Rs.20 per Lot

Zerodha vs. Bezel Stock Brokers Currency Brokerage Charges

Many discount brokers are providing their services in India right now. Still, not all of them are trading stocks, currency, and commodities. However, those who are the top-performing ones do provide their services in these areas with separate charges.

Currency future: This term is also commonly known as FX future or foreign exchange future. As the name suggests, it's a future's contract to exchange one currency for another currency at a specific future date at an exact or fixed price at the purchase date. This concept is similar to that of equity futures. Zerodha charges Rs.20 Per Order for currency futures and Bezel Stock Brokers charges 0.02% for currency futures.

Currency Options: As with equity options, a currency option is a contract that gives a buyer the right (not obligation) to buy or sell a particular currency at a fixed exchange rate on or before a specific date. Zerodha charges Rs.20 Per Order for currency options and Bezel Stock Brokers charges Rs.10 per Lot for currency options.

Currency Brokerage Charges Zerodha Bezel Stock Brokers
Currency Futures Brokerage Rs.20 Per Order 0.02%
Currency Options Brokerage Rs.20 Per Order Rs.10 per Lot

Zerodha vs. Bezel Stock Brokers Commodity Brokerage Charges

Commodity trading: The textbook definition of a commodity is a raw material or primary agricultural product that can be bought or sold. In the world of trading, this concept is prevalent. Many traders buy or sell gold, silver, and oil, and many brokers are providing their services online to ease this process of buying and selling raw materials. Zerodha charges Rs.20 Per Order for commodity trading and Bezel Stock Brokers charges NA for commodity trading.

Commodity Brokerage Charges Zerodha Bezel Stock Brokers
Commodity Options Brokerage Rs.20 Per Order NA

Zerodha vs. Bezel Stock Brokers Other Charges

Other brokerage charges that an investor should keep in mind are

Minimum broker charges: Zerodha charges Zero as minimum brokerage charge. Bezel Stock Brokers charges Zero as minimum brokerage charge.

Transaction brokerage charges: These are charges that a customer face on every transaction completed by DP (depository participant) Zerodha charges 0.00325% of Total Turnover as transaction brokerage charges. Bezel Stock Brokers charges 0.00315% as transaction brokerage charges.

SEBI Turnover charges: Securities and Exchange Board of India (SEBI) is the regulator of the security and commodity market. It keeps a check on fair trade for all investors and charges a certain amount for their turnover. Zerodha charges 0.0002% of Total Turnover as sebi turnover charges and Bezel Stock Brokers charges 0.0002% of Total Turnover as sebi turnover charges.

Stamp Duty charges: Stamp duty charges vary depending on the state and the type of asset class.

GST Charges (Goods and Services Tax): A GST of 18% on brokerage and transaction charges is applied.

STT (Securities transaction tax): Zerodha charges 0.0126% of Total Turnover as STT and Bezel Stock Brokers charges 0.0126% of Total Turnover as STT.

Other Brokerage Charges Zerodha Bezel Stock Brokers
Minimum Brokerage Charges Zero NA
Transaction Brokerage Charges 0.00325% of Total Turnover 0.00315%
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Charges As per the state (Use Zerodha Brokerage Calculator to see report As per the state (Use Bezel Stock Brokers Brokerage Calculator to see report
GST Charges 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)
STT Charges 0.0126% of Total Turnover 0.0126% of Total Turnover

Zerodha vs Bezel Stock Brokers Equity Exposure/Leverage

Exposure relates to the amount of money an investor has invested in a particular trade/stock and the amount he can lose on that trade/stock. Leverage links with exposure; if an investor wants to increase his exposure on a specific trade/stock, he can use leverage to take a much bigger position on the trade with his broker's help. Leverage of 1:500 means that for every $1 or Rs.1 of their share capital, the trader receives $500 or Rs.500 to trade with. This concept is expected in stock and forex trading, and many brokers provide even more than 1:500 leverage to attract more customers to use their services and trade through them.

Equity Leverage Zerodha Bezel Stock Brokers
Equity Delivery Upto 20x Upto 2X
Equity Intraday Upto 28x Upto 6X
Equity Futures Upto 15x Upto 3X
Equity Options Upto 8x Upto 2X

Zerodha vs. Bezel Stock Brokers Currency Leverage

Currency Leverage Zerodha Bezel Stock Brokers
Currency Futures Upto 12x Upto 2X
Currency Options Upto 8x Upto 3X

Zerodha vs. Bezel Stock Brokers Commodity Leverage

Equity Leverage Zerodha Bezel Stock Brokers
Commodity Upto 17x Upto 3X

Zerodha vs. Bezel Stock Brokers Offers

Many stockbrokers are providing attractive offers to capture more customers. These offers are as follows:

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 brokers' 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 Bezel Stock Brokers
Free Stock Trading Account No Yes
Free Demat Account No Yes
Flexible Plans No No
Brokerage Discounts Yes Yes
Happy Hours No No
1 Month Free Plan No Yes
Holiday Offers No No
Referral Program No No
Zero Brokerage on Loss Trades No No

Zerodha vs. Bezel Stock Brokers Features

Apart from attractive and catchy offers, many stockbrokers provide services that are appealing to investors and traders. The services are as follows:

  • Mutual Funds: helping investors build their long term investment portfolio for maximum return and minimum risk after performing proper fundamental and technical analysis.
  • Forex: many stockbrokers are not only providing their services in the stock market sector but also in Forex.
  • Banking: full-service brokers are also providing their services in the banking sector.
  • SIP (systematic investment plans); this is a branch that falls under a mutual fund's services, many brokers help investors shape their investment portfolio systematically for maximum returns.
  • Insurance: Top performing brokers even provide insurance plans for their clients.
Features Zerodha Bezel Stock Brokers
Equity Delivery Trading Yes No
Equity Intraday Trading Yes Yes
Equity Futures Trading Yes No
Equity Options Trading Yes No
Currency Trading Yes No
Commodity Trading Yes No
IPO (Initial public offering) Yes No
Stocks Suggestions No No
Robo Advisory No No
PMS (Portfolio Management Services) No No
Trading Institution No No
Trading Exposure Upto 28x
Mutual Funds No No
SIP (Systematic Investment Plan) No No
Forex Trading No No
Banking No No
Insurance No No

Zerodha vs. Bezel Stock Brokers Advisory Services

The main difference between a discount and a full-service broker is the services they provide and the rates at which they are providing.

Discount brokers execute buy and sell orders at a relatively lower commission rate than a full-service broker. Apart from this, a discount broker does not have the skill set to provide in-depth investment advice and analysis on specific stocks and does not have good knowledge of the price-action strategy compared to a full-service broker. All these factors are a significant reason for the difference in their prices.

Fundamental Reports: It is basically the reports related to the analysis of a company's financial statements, which helps the investors and financial analysts to decide regarding the current financial standing of a company.

Research Reports: It is prepared by a financial analyst who is working in hedge funds, investment banks, and mutual funds, and these reports may target a specific company's stock, commodities, currency, or industry.

Company Reports: Company reports are comprehensive and easy to understand reports regarding the company's activities throughout the year, month, or week.

Annual Reports: A branch of a company's report in which a company includes all the activities they have carried out in the previous years and the cost of carrying out those activities and the corresponding profit or loss made while carrying out those activities.

Company Stock Review: Stock review or analysis is comparing the company's financial statements with the previous years. This process also includes analysis of specific ratios such as liquidity ratios, free cash flow ratio, profitability ratio, etc., to get a clear picture of how a stock is performing currently and how profitable a company can be in the future.

Free Stock Tips: Some stock tips for you

  • - Read financial magazines such as Bloomberg, The Economist.
  • - Never get emotionally attached to your investments.
  • - SMS alerts for upcoming IPO's
  • - Invest in company's you believe will have an impact on the world in the next 5-10 years, e.g., Tesla
  • - Use proper risk management.
  • - Diversify your portfolio (choose stocks that are from various industries in order to avoid correlation between them)

IPO reports- A private company go public to increase their funding. This process is done by investment banks, hedge funds by releasing the company's IPOs (initial public offerings).

Top Picks- Top pick stocks are usually the best-performing stocks in a specific year, and it makes it easier for the investor to make an investment call. Some of the top-performing stocks are:

  • Bharti Airtel
  • Nocil
  • Infosys

Daily Market Review: This term focuses on the daily movements and changes in the stock index and tells how many points the index is up or down.

Monthly Reports: Monthly reports are brief yet comprehensive reports focusing on the activities that took place within the month in the company and are used for short term decision making by managers.

Weekly Reports: Weekly reports are summarized reports of the weekly activities in the business and the company's cost to carry out those activities. These reports are used for short term decision making.

Offline Advisory: Advisory is not provided over the internet but by other means such as letters, SMS, and phone calls.

Relationship Manager: The main role of a relationship manager in the banking sector is to deal with the clients and help them make the right decisions, and explain all the firm's financial services in detail.

Features Zerodha Bezel Stock Brokers
Fundamental Reports No No
Research Reports Yes No
Company Reports No No
Annual Reports No No
Company Stock Review No No
Free Stock Tips No Yes
IPO Reports No No
Top Picks No Yes
Daily Market Review No Yes
Monthly Reports No No
Weekly reports No Yes
Offline Advisory No Yes
Relationship Manager No Yes

Zerodha vs Bezel Stock Brokers Trading Platforms

A trader can use different trading platforms to analyze various stocks/currency pairs/commodities and execute buy or sell orders through that platform. There are Desktop platforms such as MetaTrader 4 for Windows and Android phones and MetaTrader 5 for Mac computers and Apple IOS devices. They are commonly referred to as MT4 and MT5. Standard software is TradingView providing its services in both the stock and Forex sectors with a highly optimized user interface. Their interactive charts make it easy for the traders to perform various types of analysis on the charts.

You can link TradingView and other online platforms like these with your cell phone to get real-time updates and SMS alerts for stocks that are on your watchlist. Moreover, these platforms also provide personalized advisory and give you buy or sell signals when an opportunity comes.


Zerodha vs. Bezel Stock Brokers Desktop Trading Platforms

Desktop Trading Platforms Zerodha Bezel Stock Brokers
Windows Yes Yes
Mac Yes Yes
Desktop Browser Yes No

Zerodha vs. Bezel Stock Brokers Mobile Trading Platforms

Mobile Trading Platforms Zerodha Bezel Stock Brokers
Mobile Browser Yes No
Android App Yes Yes
iOS App Yes Yes
Windows app No No
Other mobile os No No

Zerodha vs. Bezel Stock Brokers Customer Support

Customer support is a crucial factor that makes a new customer into a loyal and long-term customer. As the world of trading is speedy, an investor needs proper customer support from their brokers to execute orders at the right time to avoid any potential losses. The brokers' responsibility is to be active on live chats, E-mails, helpline numbers, and discussion forums.

Customer Support Features Zerodha Bezel Stock Brokers
Relationship Manager No No
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 5

Zerodha vs. Bezel Stock Brokers Customer Complaints

To keep a strict check and balance on fair-trade opportunities for every trader and investor, BSE and NSE actively take complaints and resolve them. Investors can lodge complaints about trading members, brokers, and companies listed on the index. BSE and NSE take action to resolve them by giving them a specific time to rectify their mistake, and if not rectified, serious measures are taken against them. Find below the total number of complaints lodged in bse or nse. Also you can find how many of those complaints were resolved. The percentage of lodges vs. resolved cases can also be a useful metric to judge a stock broker.

BSE Complaints Zerodha Bezel Stock Brokers
BSE Complaints 120 0
BSE Resolved Complaints 117 0
Percentage of resolved BSE complaints 97.50 % NaN %
NSE Complaints 89 15
NSE Resolved Complaints 85 15
Percentage of resolved NSE complaints 95.51 % 100.00 %
BSE/NSE Complaint vs. Resolved Percentage 96.50 % NaN %

Frequently Asked Questions


  1. Is Zerodha better than Bezel Stock Brokers ?

    Zerodha is a discount broker, while Bezel Stock Brokers is a full service broker. A discount broker generally charges a flat brokerage for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services. Depending on the costs and trading platform features involved, you can choose the best stock broker for you.

  2. Is Bezel Stock Brokers better than Zerodha ?

    Zerodha is a discount broker, while Bezel Stock Brokers is a full service broker. A discount broker generally charges a flat brokerage for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services. Depending on the costs and trading platform features involved, you can choose the best stock broker for you.

  3. Is Zerodha cheaper than Bezel Stock Brokers ?

    Zerodha is a discount broker, while Bezel Stock Brokers is a full service broker. A discount broker generally charges lower brokerage fees for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services.

  4. Is Bezel Stock Brokers cheaper than Zerodha ?

    Zerodha is a discount broker, while Bezel Stock Brokers is a full service broker. A discount broker generally charges lower brokerage fees for trades. A full service broker generally charges more than a discount broker but provides more research and advisory services.

  5. Which is better Bezel Stock Brokers vs. Zerodha ?

    To find out the better of the two stockbrokers Zerodha and Bezel Stock Brokers, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.


Compare Zerodha with other stock brokers

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


Compare Bezel Stock Brokers with other stock brokers

Visit the following pages to see a detailed comparision report of Bezel Stock Brokers with other brokerage firms.