Open a Free Anand Rathi Trading & Demat Account to trade or invest across multiple products, get free trading tips and expert research reports, personalized advisory, and portfolio management services (PMS).
Established in 1994 and has served for over 25 years, Anand Rathi today is one of the well-renowned and the most-popular full-service stock broking houses in India. It is an active member of BSE, NSE, MCX, and NCDEX to offer online trading in stocks, derivatives, commodities, and currencies, and also provides insurance, structured products, corporate deposits, bonds & loans, wealth management, investment banking, and corporate advisory services to institutions, HNI clients, and corporations. This means everything you are looking for is available under one roof with Anand Rathi.
Open an Instant Anand Rathi Demat & trading account for free to trade on multiple exchanges. The stock broker charges a fixed brokerage percentage that varies from 0.02% to 0.20% on trading in different segments while equity and currency options trading is charged on a per lot basis.
Anand Rathi pricing plan here makes a sense of high brokerage charges than top-rated discount brokerage houses like Zerodha, Groww, and Upstox. But the higher charges seem justified with value-added services like portfolio management services (PMS), thematic investing, trading tips, daily/weekly/monthly market outlook, fundamental and technical research reports, and advisory services.
Technology cannot be ignored and Anand Rathi on that aspect has multiple trading platforms including the Trade Mobi app, Trade X’press+ website, and Trade X’Pro for pro traders. All of the platforms are free for both residents and NRI customers.
While selecting the best broker, the customer service aspect cannot be overlooked and in that respect, Anand Rathi has developed all the possible channels including online and offline. It has a team of 2,500 professionals spread across 1200+ locations at its own branches, sub-brokers, and representative offices or associate franchisee companies.
Read out the latest and genuine Anand Rathi Review 2023 to get the complete details about its account opening fee, brokerage charges, types of accounts, features of trading platforms, customer care details, and much more to know what works for you and what does not, and take the right decision.
Current promotion offer from Zerodha for InvestorGain Visitors:
Anand Rathi broking house levies a percentage-based brokerage fee on online trading across multiple segments. The rate of brokerage from (0.02% to 0.20%) is variable across exchanges like BSE, NSE, and MCX. It charges 0.02% on intraday, equity futures, currency futures, and commodity trading, and a 0.20% fee on the equity delivery segment. The brokerage on equity options is charged at Rs. 50/lot and Rs. 20/lot on the currency options trading segment.
If compared the charges are slightly on the higher side than top discount stockbrokers as their flat brokerage plan helps traders to save a significant brokerage cost.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 450 PA (Free for 1st year)|
Here we are comparing Anand Rathi with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||Anand Rathi||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.02 to 0.20%||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||0.20%||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 50 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||0.02%||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Rs 20 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
It doesn’t matter whether you reside in India or outside the country, you can open an account with Anand Rathi to trade in the BSE and NSE-listed shares. The broker facilitates online broking & distribution services in equities, derivatives, commodities, currencies, insurance, corporate deposits, bond & loans, structured products, and mutual funds, and also provides wealth management services to retail, HNIs, and corporate clients.
Open a Demat or trading account with Anand Rathi requires you to follow simple steps. You can open an account simply using your smartphone, computer, or tablet without any paperwork or the hassle of standing in a queue. The broker allows instant account opening through the QuickKYC process with DIGI-Locker which takes less than 15 minutes to open Anand Rathi trading account.
Experience swift and seamless trading and investing journey like never before with Anand Rathi platforms including Trade Mobi App, Trade X’press+, and Trade X’Pro. All the platforms are free, user-friendly, easy to navigate, and have all the features that a trader and investor wants to have. Let’s review Anand Rathi Trade Mobi App and other platforms' features in detail;
For detail review of mobile app and download please visit Anand Rathi Trading Platform Review.
Read out the most important benefits or advantages of why choose Anand Rathi?
There are some disadvantages or drawbacks also, here are the same;
Being a full-service stock broker has multiple sets of communication channels to deliver great customer support. You can connect with the customer service executives via Email, Whatsapp, web chat, toll-free number, customer care helpline number, and offline branches as well. It has a vast footprint with more than 1,200 branches and associate offices across India and in selected international locations like Dubai.
Currently, the group has over 2,500 professionals. The team of customer support representatives maintains some level of personalization to offer the best customer service.
The broker also has a toll-free number to provide 24*7 customer support. It provides dedicated NRI support at [email protected].
There is no doubt that Anand Rathi has earned a strong brand name in the broking industry with multiple product offerings, insightful and analytical research tips, and advisory services. However, there are some pain points that must be looked for before opening a trading account with Anand Rathi such as comparatively high brokerage, performance and speed of its online trading platforms, and optimal use of customer support channels.
If you are someone who is looking for a full-service broker with good research without being concerned about the brokerage fee, Anand Rathi may be on the list of recommended brokers.
Last updated on: 2023-08-25
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