Anand Rathi vs Lemonn – Compare Charges, Trading Features, Offers & More

Overview — Anand Rathi vs. Lemonn

Anand Rathi is listed as a Public Discount Broker established in 1994 with headquarters in Mumbai and founded by Anand Rathi. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Standard Plan brokerage structure.

Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Standard.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Anand Rathi vs. Lemonn

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Anand Rathi and Lemonn.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Anand Rathi charges 0.30% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Anand Rathi charges 0.30% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity futures: This charge applies to futures contracts on stocks and indices. Anand Rathi charges 0.30% of Transaction Value while Lemonn charges Rs 20 per executed order.

Equity options: This charge applies to equity option contracts. Anand Rathi charges Rs.50 per Lot while Lemonn charges Rs 20 per executed order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Anand Rathi charges 0.03% of Transaction Value . Lemonn does not currently list a charge for this segment.

Commodity options: This charge applies to option contracts on commodity instruments. Anand Rathi charges Rs.25 per Lot . Lemonn does not currently list a charge for this segment.

Currency futures: This charge allows participation in forex price movements on the exchange. Anand Rathi charges 0.03% of Transaction Value . Lemonn does not currently list a charge for this segment.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Anand Rathi charges Rs.25 per Lot . Lemonn does not currently list a charge for this segment.

Trading platforms comparison — Anand Rathi vs. Lemonn

Anand Rathi provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Lemonn provides mobile app access, web trading and desktop terminal access for its users.

• Android app: Anand Rathi and Lemonn both list an Android trading app.

• iOS app: Anand Rathi and Lemonn both list an iOS trading app.

• Web trading platform: Anand Rathi and Lemonn both list a web trading platform.

• Desktop trading terminal: Anand Rathi and Lemonn both list a desktop trading terminal.

• Algo trading: Anand Rathi lists algo trading support, while Lemonn does not currently mention it.

• Basket trading: Neither broker currently highlights basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Anand Rathi and Lemonn both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Anand Rathi vs. Lemonn — Comparison of trading features

Anand Rathi highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Lemonn promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Anand Rathi and Lemonn offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Anand Rathi and Lemonn offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Anand Rathi and Lemonn offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Anand Rathi and Lemonn offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Anand Rathi and Lemonn offer this feature.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Lemonn offers this; Anand Rathi does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Anand Rathi and Lemonn offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Anand Rathi and Lemonn offer this feature.

• Live market: Live updates on market movements and trends. Both Anand Rathi and Lemonn offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Both Anand Rathi and Lemonn offer this feature.

• Secure platform: A secure trading environment with next-generation security controls. Both Anand Rathi and Lemonn offer this feature.

Anand Rathi vs. Lemonn — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Anand Rathi and Lemonn.

• Free account opening: Anand Rathi and Lemonn both list free account opening.

• Free AMC: Anand Rathi and Lemonn both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Anand Rathi and Lemonn both list flat brokerage pricing.

• Flexible brokerage plans: Anand Rathi lists flexible brokerage plans, while Lemonn does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Lemonn lists free delivery trading, while Anand Rathi does not currently mention it.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Anand Rathi lists free research reports, while Lemonn does not currently mention it.

• Free trading calls: Anand Rathi lists free trading calls, while Lemonn does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Anand Rathi offers Rs.250 per Client for referrals; Lemonn does not currently list a referral offer.

Offered products comparison — Lemonn vs. Anand Rathi

Product availability determines whether a broker can support your preferred markets. Anand Rathi highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, insurance, corporate bonds and government bonds.

• Demat services: Anand Rathi and Lemonn both list Demat services.

• Trading services: Anand Rathi and Lemonn both list trading services.

• Intraday services: Anand Rathi and Lemonn both list intraday trading services.

• F&O services: Anand Rathi and Lemonn both list F&O services.

• IPO services: Anand Rathi and Lemonn both list IPO services.

• 3-in-1 account: Lemonn lists 3-in-1 account support, while Anand Rathi does not currently mention it.

• Stock research: Anand Rathi and Lemonn both list stock research.

• Stock recommendations: Anand Rathi and Lemonn both list stock recommendations.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Anand Rathi and Lemonn both list share pledging.

• PMS or PCG: Anand Rathi and Lemonn both list PMS or PCG support.

• NRI services: Anand Rathi lists NRI services, while Lemonn does not currently mention it.

Offered services comparison — Anand Rathi vs. Lemonn

Anand Rathi provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Lemonn offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.

Stock advisory service comparison — Anand Rathi vs. Lemonn

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Anand Rathi and Lemonn.

Exposure comparison — Anand Rathi vs. Lemonn

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Anand Rathi and Lemonn across different segments.

Comparison of programs — Anand Rathi vs. Lemonn

Anand Rathi and Lemonn both list a sub-broker program. Anand Rathi and Lemonn both list a partner program. Anand Rathi and Lemonn both list a referral program.

Customer support comparison — Anand Rathi vs. Lemonn

Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. Anand Rathi operates Available branches.

Ratings — Anand Rathi vs. Lemonn

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Anand Rathi carries an overall rating of 7.90 / 10, while Lemonn carries an overall rating of 4/5.

Complaints — Anand Rathi vs. Lemonn

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Anand Rathi vs. Lemonn

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Anand Rathi and Lemonn.

Pledge charges comparison — Anand Rathi vs. Lemonn

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Anand Rathi vs. Lemonn

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Anand Rathi vs Lemonn

Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free). Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST.

Anand Rathi vs Lemonn — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Anand Rathi and Lemonn

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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