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TradePlusOnline Vs Marwadi Group: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of TradePlusOnline Max Max Rs 9 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.30%. TradePlusOnline is a Discount Broker where Marwadi Group is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for Marwadi Group is 1,26,599 where number of active customer for TradePlusOnline is 10,804. Marwadi Group is serving more customer compare to TradePlusOnline.

Here we present side-by-side comparison of TradePlusOnline vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared TradePlusOnline vs Marwadi Group's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of TradePlusOnline vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared TradePlusOnline vs Marwadi Group's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare TradePlusOnline vs Marwadi Group on Service

  TradePlusOnline Compare
TradePlusOnline
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 10,804 1,26,599
Broker Overview Trade at just Rs. 9/order and enjoy free derivative trading benefits with TradePlus Account. Highlights include a free account, Lifetime zero Demat AMC, and RocketPlus technology-powered app, web, and exe trading platforms. Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradePlusOnline vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of TradePlusOnline with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - TradePlusOnline offer Free AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradePlusOnline with Marwadi Group
Charges TradePlusOnline Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradePlusOnline vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare TradePlusOnline with Marwadi Group. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradePlusOnline provide Multiple Plans where Marwadi Group doesn't offer. Monthly Plans - TradePlusOnline provide Monthly Plans where Marwadi Group doesn't offer

Compare TradePlusOnline with Marwadi Group on Plan Options
Plan Types TradePlusOnline Marwadi Group
Multiple Plans Yes No
Monthly Plans Yes No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare TradePlusOnline vs Marwadi Group on Brokerage Charges

TradePlusOnline Brokerage Plan detail - TradePlus Flat Fee Plan Max Rs 9 Per Trade. This is the lowest brokerage plan offered by a discount broker. You will pay Max Rs 9 for trading in Equity Intraday, Derivatives, Currency and Commodity Trading. Equity Delivery trading is FREE.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare TradePlusOnline with Marwadi Group
Brokerage Charges Compare TradePlusOnline Marwadi Group
Plan Name Smart Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.30%
Equity Intraday 0.05% or Rs 9 whichever is lower 0.06%
Equity Futures Flat Fee Rs 9 0.02%
Equity Options Flat Fee Rs 9 Rs 100 Per Lot
Currency Futures Flat Fee Rs 9 0.02%
Currency Options Flat Fee Rs 9 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 9 Rs 100 Per Lot
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 75 Per Day Per segment or Rs 1000 for unlimited call n Trade NA
Auto Square off Charges Rs 75 Per Day Per segment or Rs 1000 for unlimited call n Trade NA
Brokerage Calculator Brokerage Calculator for TradePlusOnline Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare TradePlusOnline vs Marwadi Group on Transaction Charges

Compare TradePlusOnline with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare TradePlusOnline with Marwadi Group
Transaction Charges Compare TradePlusOnline Marwadi Group
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for tradeplus Complete Brokerage Plans for marwadi-group
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Account Features

Compare TradePlusOnline vs Marwadi Group on Account Features

Compare TradePlusOnline with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - TradePlusOnline offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - TradePlusOnline with Marwadi Group
Account Features Compare TradePlusOnline Marwadi Group
3 in 1 Account No TradePlusOnline have 2-in-1 account. Only Demate and Trading account. No TradePlusOnline have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features Charting & Tech Tools -YES - INFINI POWER - MCX and Equities NIL
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Trading Platform

Compare TradePlusOnline vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradePlusOnline and Marwadi Group. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare TradePlusOnline with Marwadi Group
Trading Platform Compare TradePlusOnline Marwadi Group
Desktop Trading Platform Rocketplus Marwadi ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://infini.tradeplusonline.com/ https://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App RocketPlus Mobile Trading App MSFL Connect
Mobile Trading App Demo RocketPlus Mobile Trading App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod RocketPlus Mobile Trading App Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS RocketPlus Mobile Trading App Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for TradePlusOnline Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for TradePlusOnline Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for TradePlusOnline Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for tradeplus Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare TradePlusOnline vs Marwadi Group on User Rating

  TradePlusOnline Marwadi Group
  27 Customer Reviews    Rate TradePlusOnline 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 4.3 2.7
Trading Brokerage Rating 4.8 2.3
Trading Platform Usability 3.9 2.0
Customer Service Ratings 3.9 2.3
Overall Ratings 4.1 2.7
Broker Rating TradePlusOnline is Rated 4.1 / 5 based on 27 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare TradePlusOnline vs Marwadi Group on Investment Offerings

Compare TradePlusOnline with Marwadi Group on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare TradePlusOnline with Marwadi Group
Investment Offerings Compare TradePlusOnline Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare TradePlusOnline vs Marwadi Group on Order Types

Order Type - Compare TradePlusOnline with Marwadi Group on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - TradePlusOnline provide Cover Orders (CO) where Marwadi Group doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - TradePlusOnline provide Bracket Orders (BO) where Marwadi Group doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- TradePlusOnline offers Good Till Cancelled (GTC) orders where Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradePlusOnline with Marwadi Group
Order Type Compare TradePlusOnline Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare TradePlusOnline vs Marwadi Group on Customer Service

Compare TradePlusOnline with Marwadi Group on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare TradePlusOnline with Marwadi Group
Customer Service Compare TradePlusOnline Marwadi Group
24/7 Customer Service TradePlusOnline vs Marwadi Group - 24x7 customer support No No
Email Support TradePlusOnline vs Marwadi Group - Email Support Yes Yes
Onine Live Chat TradePlusOnline vs Marwadi Group - Onine Live Chat Yes No
Phone Support TradePlusOnline vs Marwadi Group - Phone Support Yes Yes
Toll Free Number TradePlusOnline vs Marwadi Group - Toll Free Number No No
Through Branches TradePlusOnline vs Marwadi Group - Through Branches No Yes
Customer Care Number TradePlusOnline vs Marwadi Group - Customer Care Number 044-49427500 / 080 37017382 +91-281-6192000/+91-281-7174000
Account Opening Process TradePlusOnline vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email TradePlusOnline vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradePlusOnline vs Marwadi Group - Knowledge Center/Education http://support.tradeplusonline.com/support/solutions https://www.marwadionline.com/blog/
Head Office Address TradePlusOnline vs Marwadi Group - Head Office Address/Corporate Address Tradeplus Online,
Ganga Griha 4th & 5 th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Nungambakkam
Chennai - 600 034
Info Not Available
Website TradePlusOnline vs Marwadi Group - Company Website https://tradeplusonline.com https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare TradePlusOnline vs Marwadi Group on Research Reports, Tips

Compare TradePlusOnline with Marwadi Group on research reports and tips provided by the broker.

Research Reports - Compare TradePlusOnline with Marwadi Group
  TradePlusOnline Marwadi Group
Research Mutual Funds TradePlusOnline vs Marwadi Group - Research Mutual Funds No Yes
Research Equity Reports TradePlusOnline vs Marwadi Group - Research Equity Reports No Yes
Research ETF TradePlusOnline vs Marwadi Group - Research ETF No Yes
Daily Market Report TradePlusOnline vs Marwadi Group - Daily Market Report No Yes
Free Tips TradePlusOnline vs Marwadi Group - Free Tips No Yes
Quarterly Result Analysis TradePlusOnline vs Marwadi Group - Quarterly Results No Yes
News Alerts TradePlusOnline vs Marwadi Group - Yes Yes
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Demat Account

Compare TradePlusOnline vs Marwadi Group on Demat Account

Compare TradePlusOnline with Marwadi Group on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Marwadi Group is ₹250 pa where for TradePlusOnline is A) Rs.900/- Life time AMC, - Ten Years Period - Only for Resident individual Clients with broking accounts. Rs.500/- Life time AMC - For Five Years Period , Only for Resident individual Clients with broking accounts B) Rs.2500/- Life Time AMC for Non Resident Individual clients - 10 Years Period C) For NRI Clients Rs. 1000/-p.a. D) Rs.1000/- p.a For Only DP Clients/Corporate Clients..

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for TradePlusOnline is Market selling through NML with POA For equity Transactions. 0.02% of Transaction Value, subject to Minimum of Rs.15/- per Transaction and Maximum of Rs. 200/- Markets selling Through NML (Without POA) 0.02% of Transaction Value, subject to Minimum of Rs.20/- per Transaction and Maximum of Rs. 200/- C) Market Selling(Debits) other than NML off markets debits & IDT debits 0.04% of transaction value subject to minimum Rs.30/- per transaction.Market Selling (Debits) through NML withPOA for Mutual fund - Rs. 20/- per transaction. where for Marwadi Group is ₹25.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare TradePlusOnline with Marwadi Group
  TradePlusOnline Marwadi Group
DP Source CDSL CDSL
DP ID TradePlusOnline vs Marwadi Group - DP ID 86500 No
Demat Account Annual Maintenance Charges(AMC) A) Rs.900/- Life time AMC, - Ten Years Period - Only for Resident individual Clients with broking accounts. Rs.500/- Life time AMC - For Five Years Period , Only for Resident individual Clients with broking accounts B) Rs.2500/- Life Time AMC for Non Resident Individual clients - 10 Years Period C) For NRI Clients Rs. 1000/-p.a. D) Rs.1000/- p.a For Only DP Clients/Corporate Clients. ₹250 pa
Advance Deposit NIL NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges NIL Nil
Transaction Charges on Debit (Per ISIN) Market selling through NML with POA For equity Transactions. 0.02% of Transaction Value, subject to Minimum of Rs.15/- per Transaction and Maximum of Rs. 200/- Markets selling Through NML (Without POA) 0.02% of Transaction Value, subject to Minimum of Rs.20/- per Transaction and Maximum of Rs. 200/- C) Market Selling(Debits) other than NML off markets debits & IDT debits 0.04% of transaction value subject to minimum Rs.30/- per transaction.Market Selling (Debits) through NML withPOA for Mutual fund - Rs. 20/- per transaction. ₹25
Demat A) Rs.50/- per DRF (upto five Certificates) More than 5 certificates Rs.5/ per certificate Plus Rs.50/- (Minimum Charges) B) For NRI Clients Rs. 200/- Per DRF (upto five Certificates) More than 5 certificates Rs.30/- per certificate Plus Rs.200/- (Minimum Charges) C) Demat Rejection ? Rs.35/- per rejection(upto 5 certificate) More than 5 certificates Rs.3/- + Rs.35/- (Minimum charges) D) Conversion Request - A) Rs.50/- per CRF B) For NRI Clients Rs. 200/- Per CRF ₹3 per certificate
Remat Rs. 15/- for every hundred shares or part there of subject to Maximum fee of Rs.5,00,000/- or a flat fee of Rs.15/- per certificate whichever is higher plus handling charges Rs.50/-. No remat charges for Govt. Securities. ₹25 per certificate
Pledge Creation 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Transaction ₹50
Pledge Creation Confirmation NIL Nil
Pledge Closure 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Transaction ₹20
Pledge Closure Confirmation NIL Nil
Pledge Invocation 0.02% of the value of securities pledged, subject to minimum of Rs.50/- per Transaction ₹25
Failed Instruction Charges Rs.15.00 Per Transaction. ₹15
Other Charges 1) Securities Borrowing Rs. 50/- Per Transaction 2) Rs..100/ for every Change of Address/Bank details.and Rs.50/- for every email and mobile change request.3) Market Buying,(Receipts) Off Market Credit & Inter Depository Receipts = NIL Charges. Nil
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Special Offers,Advantages,Disadvantages

Compare TradePlusOnline vs Marwadi Group on Special Offers and Promotion

Compare TradePlusOnline with Marwadi Group on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare TradePlusOnline vs Marwadi Group on Special Offers and Promotion
  TradePlusOnline Marwadi Group
Pay In and Pay Out Options TradePlusOnline vs Marwadi Group - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradePlusOnline Mobile, INFINI Desktop and INFINI Web application.Cheque payments Rs 15 per cheque.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time TradePlusOnline vs Marwadi Group - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges TradePlusOnline vs Marwadi Group - Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from TradePlusOnline trading platforms. Info Not Available
Bank Detail NAVIA MARKETS LIMITED,
Account Number:ZNACOMTPXXXXXXXX
Bank and Branch: INDUSIND BANK LIMITED, NUNGAMBAKKAM, CHENNAI
Account Type: Current Account
IFSC Code: INDB0000007
Info Not Available
Likes
  • Zero account opening charges and no maintenance fee.
  • Free investment in stocks (delivery trading).
  • The cheapest flat brokerage of Rs. 9 per order.
  • Free derivative trading.
  • 0 brokerage investment in direct mutual funds.
  • Cutting-edge RocketPlus technology trading platforms.
  • Advanced orders like basket orders and GTT orders.
  • Margin Trading Funding (MTF).
  • Buy Today Sell Tomorrow (BTST) and Buy Today Pay later (BTPL)
  • UNIV free learning platform for beginners.

Detail Review...

  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

Dislikes
  • Does not offer a 3-in-1 account.
  • Being a discount broker, it does not provide research & advisory.
  • Very high call & trade charges.

Detail Review...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-09-08T04:18:52+00:00