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Market Wolf vs Zerodha (Compare Market Wolf and Zerodha)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Market Wolf vs Zerodha, Below comparison of Market Wolf vs Zerodha highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Market Wolf vs Zerodha is given below:

Market Wolf Zerodha
About The Brokers
Market Wolf :

"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account openi   >>> more

Zerodha :

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that    >>> more

Find More Information about the Broker :
Market Wolf :
OVERVIEW BROKERAGE
Zerodha :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Market Wolf :
 Discount Broker
Zerodha :
 Discount Broker
Promo/offers
Market Wolf :
N/A
Zerodha :
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
Advantage
Market Wolf :
  •  Market Wolf offers free trading practices during the market trading hours without KYC verification. Thus, it is beneficial for novice traders to have knowledge about trading before starting investing in the stock market.
  •  The trader only pays 10% brokerage on profitable trade and zero brokerage on loss. 
  •  Market Wolf accepts funds deposits via UPI, NEFT, RTGS, IMPS, Phonepe, GPay, and PayTM without any additional fees, and the trader allows users to deposit and withdraw funds from Market Wolf web and mobile app.
  •  There are 15+ charting styles to make the trading experience user-friendly, and the trader can set up up to 2 hours chart time frames to have better trading insight.
  •  Market Wolf offers a quick withdrawal process and the amount of credit within one business day.
  •  Market Wolf has inbuilt stop order features where the trader needs to set the percentage of the reward and risk (10%, 25%, 50% or 100%). The trade will be auto-squared off once the order crosses the predefined level.
  •  Market Wolf offers only high liquidity and quality stocks. 
Zerodha :
  •  No Brokerage on Equity delivery & Mutual Fund.
  •  Flat rate for stock trading.
  •  Own DP services.
  •  Strong Customer service .
  •  Good Brokerage & Margin Calculator.
  •  Offers up to 20x leverage on intraday trading.
  •  Offers most advanced online trading tools.
  •  Offers facility to apply on-line IPO .
  •  Zerodha offers referral program to its customers.
Disadvantage
Market Wolf :
  •  Market Wolf trading app is not available for iOS users. It is currently available only for Android users. 
  •  The free practice session on the Market Wolf platform is only available on mobile applications and not on web browsers. 
  •  Market Wolf charges flat 10% brokerage on profit which is costly. 
  •  Market Wolf doesn’t offer a 3-in-1 account facility. It only provides a free trading account. 
  •  Market Wolf doesn’t offer other services such as mutual funds, IPO, Bonds, FDs, etc., except stock trading.
  •  Stop Trade sessions on Market Wolf take time to end the session as once the trader clicks on the icon “stop trade,” the system re-confirms the decision, which takes extra seconds and may change the overall profit or loss transactions. 
  •  Market Wolf has leveraged up to 100% profit which may cause loss of capital amount if the trader is still learning and doesn’t fully understand the trading mechanism.
  •  Market Wolf doesn’t have exact charges for STT, transaction charges, SEBI, and Stamp charges; the amount is auto calculated while the trader confirms the trading amount. It can be a hassle for a newbie trader to understand the costs.
  •  The trader can add up to 5 stocks to the wish list.
  •  Market Wolf Web is not available for trading. The trader requires to use the Market Wolf mobile application to perform trading. 
  •  Market Wolf is not suitable for advanced traders.
  •  Though there is zero brokerage on loss trade, the trader needs to pay SEBI charges, Stamp Duty, Exchange fee, and GST even if he didn’t earn profit.
  •  Market Wolf doesn’t allow the trader to hold the stocks. The trades get auto squared off at the end of the day if it doesn't meet the profit or loss auto stop level. 
  •  Market Wolf is not offering to trade on the BSE segment. 
  •  Though Market Wolf offers 24/7 customer care service, some days they take 1-2 business days to reply to a query. 
Zerodha :
  •  No margin funding.
  •  Very High charges on Call and Trade @ ₹50 per call.
  •  Charges on Funds Transfer @ ₹9 per fund transfer.
  •  Charges on SMS Tradw alerts.₹1 for Equity, F&O, and Currency trade alerts and ₹0.50 for Commodity
  •  Additional charge of ₹50 per executed order for MIS/BO/CO positions which are not square off by the customer.
  •  Doesn't provide stock tips, research reports or recommendations.
  •  Doesn't offer Unlimited Trading Plans.
Why This
Market Wolf :
  • Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
  • Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading. 
  • Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
  • Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade. 
  • Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading. 
  • Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
  • Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements. 
  • Market Wolf offers 24/7 customer care to all users via an in-app help center. 
Zerodha :
  •  Zerodha Charge flat rate of ₹20 per executed order.
  •  Zerodha does not charge any brokerage on Equity delivery transactions.
  •  Zerodha provides platform to invest in mutual funds.
  •  Innovative trading platform.
  •  No upfront fee, no minimum brokerage and no minimum contract charges.
  • The largest stockbroker by active clients, market volume.
  • Zero brokerage Direct Mutual Funds. 
  • Offers up to 20x leverage on intraday trading. 
Open Account

Market Wolf vs Zerodha Account Opening & AMC Charges

Market Wolf Trading Account Opening Fee is ₹0 (Free) and Zerodha Trading Account Opening Fee is Rs 200 . Market Wolf Demat Account AMC is ₹0 (Free) and Zerodha Demat Account AMC is Rs 300 .

Market Wolf Zerodha
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

Trading Account Opening Fee :

Rs 200

Demat Account Opening Fee Demat Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee :

Rs 0

Demat Account AMC Demat Account AMC :

₹0 (Free)

Demat Account AMC :

Rs 300

Trading Account AMC Trading Account AMC :

₹0 (Free)

Trading Account AMC :

Rs 0 (Free)

Open Account Open Account

Market Wolf vs Zerodha Brokerage Charges

Market Wolf Brokerage Charges Equity Delivery is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Intraday is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Options is ₹0 brokerage if loss | 10% of GP(Profitable Trade) . Zerodha Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order .

Market Wolf Zerodha
Plan Name Plan Name :

Market Wolf default Brokerage Plan

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Delivery :

Rs 0 (Free)

Equity Intraday Equity Intraday :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Intraday :

Rs 20 per executed order or .03% whichever is lower

Equity Future Equity Future :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Future :

Rs 20 per executed order or .03% whichever is lower

Equity Options Equity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Equity Options :

Rs 20 per executed order

Currency Futures Currency Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Futures :

Rs 20 per executed order or .03% whichever is lower

Currency Options Currency Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Currency Options :

Rs 20 per executed order or .03% whichever is lower

Monthly Fee Monthly Fee :

NA

Monthly Fee : -
Margin Trading Margin Trading :

NA

Margin Trading :

Rs 20

Commodity Futures Commodity Futures :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Commodity Futures :

Rs 20 per executed order or .03% whichever is lower

Commodity Options Commodity Options :

₹0 brokerage if loss | 10% of GP(Profitable Trade)

Commodity Options :

Rs 20 per executed order or .03% whichever is lower

Open Account Open Account

Market Wolf vs Zerodha Exchange Transaction Charges

Market Wolf Exchange Transaction Charges Equity Future is NSE: 0.0019% and Equity Options is Rs 5000 per Cr (0.05%) (on premium) . Zerodha Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) .

Market Wolf Zerodha
Equity Delivery Equity Delivery :

NSE: 0.00325%

Equity Delivery :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday Equity Intraday :

NSE: 0.00325%

Equity Intraday :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Future * Equity Future :

NSE: 0.0019%

Equity Future :

NSE Rs 200 per Cr (0.002%)

Equity Options * Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Equity Options :

NSE Rs 5300 per Cr (0.053%) (on premium)

Currency Futures * Currency Futures :

NSE: 0.0009% + Investor protection fund (0.037%)

Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)

Currency Options Currency Options :

Rs 4000 per Cr (0.04%) (on premium)

Currency Options :

NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)

Commodity Commodity :

Rs 260 per Cr (0.0026%)

Commodity :

Group A - Rs 260 per Cr (0.0026%)

Open Account Open Account

Market Wolf vs Zerodha Other Charges

Market Wolf Minimum Brokerage is NA and Call & Trade is NA . Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is Rs 50 per executed order .

Market Wolf Zerodha
Minimum Brokerage Minimum Brokerage :

NA

Minimum Brokerage :

0.03% in Intraday and F&O

Call & Trade Call & Trade :

NA

Call & Trade :

Rs 50 per executed order

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) : - DP Charges (on sell side) :

₹13.5 per scrip

Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges :

Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS

Open Account Open Account

Market Wolf vs Zerodha Features

Market Wolf and Zerodha both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Market Wolf Zerodha
Trading Platform Trading Platform :

Mobile, WEB

Trading Platform :

Kite Web, Kite Mobile for Android/iOS and Coin

Placing orders through charts Placing orders through charts : - Placing orders through charts :

Yes

Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers :

Brokerage if Makes Profit

Unique features & Offers : -
Referral Program Referral Program :

Yes

Referral Program :

1

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes

Open Account Open Account

Market Wolf vs Zerodha Demat Account Charges

A comparative table of various demat account charges between Market Wolf and Zerodha is below:

Market Wolf Zerodha
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

₹0 (Free)

Account Opening Fee :

Rs 50 (Stamp charges payable upfront)

Advance Deposit Advance Deposit :

₹0

Advance Deposit :

Rs 0

AMC AMC :

₹0 (Free)

AMC :

Individuals/Non Individual (except Corporate) - Rs 300 + GST
Non Individual - Corporate - Rs 1000

Dematerialisation Charges Dematerialisation Charges : - Dematerialisation Charges :

Rs 150 per certificate (+ Rs 100 Courier charges)

Rematerialisation Charges Rematerialisation Charges : - Rematerialisation Charges :

Rs 150 per certificate + CDSL charges + Rs 100 Courier charges

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) : - Transaction Charges (debit) :

  • Market Trades: Rs 13.5 + GST
  • Off-Market Trades: 0.03% of Rs 25 whichever is higher + GST

Pledge Creation Charges Pledge Creation Charges : - Pledge Creation Charges :

Rs 30 per request + GST

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges : - Pledge Creation Confirmation Charges :

Rs 0

Pledge Invocation Charges Pledge Invocation Charges : - Pledge Invocation Charges :

Rs 20

Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges :

Rs 50 per ISIN

Other Charges Other Charges : - Other Charges :

  • Cheque Bounce: Rs 350
  • Physical Statement - Rs 50 (+Courier charges at actual)
  • Modification in CML - Rs 25 per request
  • KRA Upload / Download - Rs 50 per request

Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.

Open Account Open Account

Market Wolf vs Zerodha Basic Details

Market Wolf Year of Incorporation is 2017 and Total Number of Clients is 299954 and Total Number of Branches is NA . Zerodha Year of Incorporation is 2010 and Total Number of Clients is 6513036 and Total Number of Branches is 22 .

Market Wolf Zerodha
Year of Incorporation Year of Incorporation :

2017

Year of Incorporation :

2010

Active Exchange Memberships Active Exchange Memberships :

NSE and MCX

Active Exchange Memberships :

NSE, BSE, MCX and NCDEX

Demat Services Demat Services :

CDSL

Demat Services :

No

Website Website : https://marketwolf.com/ Website : https://zerodha.com
Contact Details Contact Details :

+91 8591308916

Contact Details :

080-40402020

Total Number of Clients Total Number of Clients :

299,954

Total Number of Clients :

6,513,036

Total Number of Branches Total Number of Branches :

NA

Total Number of Branches :

22

Products * Products :

Equity, Commodity, Currency, IPO

Products :

Kite Web, Kite Mobile for Android/iOS and Coin

Open Account Open Account

Market Wolf vs Zerodha Orders

Orders

Market Wolf Zerodha
Cover Orders (CO) Cover Orders (CO) : - Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) : - Bracket orders / One Cancels Other (BO / OCO) :

No

After Market Orders (AMO) After Market Orders (AMO) : - After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

No

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

Market Wolf vs Zerodha Research and Advice / Trading Tips

Research and Advice / Trading Tips

Market Wolf Zerodha
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

No

Comparison * Comparison :

No

Comparison :

No

Free Tips * Free Tips :

No

Free Tips :

No

Daily Market report * Daily Market report :

No

Daily Market report :

No

ETF research * ETF research :

No

ETF research :

No

Quarterly Results * Quarterly Results :

No

Quarterly Results :

No

Open Account Open Account

Market Wolf vs Zerodha Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Market Wolf Zerodha
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP :

Rs.11,000

Open Account Open Account

Market Wolf vs Zerodha Product & Services

Market Wolf and Zerodha both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Market Wolf Zerodha
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

NA

Margin Trading :

No

Call in Trade * Call in Trade :

NA

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

NSE ONLY

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

No

NRI Services :

Yes

SMS Alerts * SMS Alerts :

No

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

No

IPO Investment :

No

Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator :

No

Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

No

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No

Open Account Open Account

Market Wolf vs Zerodha Customer Services

Market Wolf and Zerodha both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Market Wolf Zerodha
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

Yes

Live Chat Facility :

No

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

Yes

Customer Care * Customer Care :

Info Not Available

Customer Care :

Yes

Community Service * Community Service :

No

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

Relationship Manager :

No

24/7 Support * 24/7 Support :

Yes

24/7 Support :

No

Open Account Open Account

Market Wolf vs Zerodha Other Investement

Market Wolf and Zerodha both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Market Wolf Zerodha
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

No

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

No

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

No

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

Market Wolf vs Zerodha Trading Platform

Market Wolf and Zerodha both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Market Wolf Zerodha
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

No

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

No

I-Pad App :

Yes

Virtual Trading * Virtual Trading :

No

Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

No

iPhone Mobile App :

Yes

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