Canara Bank vs Lemonn – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Lemonn here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and Lemonn.

Background

Year of Incorporation 1996 2020
Website https://www.canmoney.in/ https://lemonn.co.in/
Phone 1800-22-0369 +918035769929
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX BSE, NSE
Demat (NSDL/CDSL) CDSL and NSDL CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday Free for 1 Month afterwards 0.5% on Intraday
Equity Futures 0.04% Zero
Equity Options Rs.50 per Lot Zero
Currency Futures 0.04% Zero
Currency Options Rs.50 per Lot Zero
Commodity Rs.50 per Lot Zero
Account Opening Costs

Trading only Free Free
Trading & Demat Free Free
Commodity Free Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% Zero
Futures 0.00325% Zero
Options 0.00325% Zero
Commodities 0.00325% Zero
AMC charge Rs.500 per Annum Zero
DP Transaction Charge Rs 9 + GST Rs 10 per transaction
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 7 Days
End of Day 5 Years 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday 1x on Delivery & upto 2x on Intraday
Equity Futures Upto 3X 2x for intraday
Equity Options Upto 5X Upto 2x for Intraday
Currency Futures Upto 2X 2x for intraday
Currency Options Upto 2X 1x
Commodity Upto 2X 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Not Available
Profit after Tax FY12/13 Rs 2872 Crores Not Available
Profit after Tax FY13/14 Rs 2438 Crores Not Available
Profit after Tax FY 14/15 Rs 2703 Crores Not Available
Profit after Tax FY 15/16 Rs (2813) Crores Not Available
Profit after Tax FY 16/17 Rs 1122 Crores Not Available
Profit after Tax FY 17/18 Rs (4222) Crores Not Available
Profit after Tax FY 18/19 Rs 347 Crores Not Available
Profit after Tax FY 19/20 Rs (2236) Crores Rs 38 Lakhs
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 55 Lakhs
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 70 Lakhs
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 93 Lakhs
Debt FY11/12 Rs 4.7 Lakhs Not Available
Debt FY12/13 Rs 5.2 Lakhs Not Available
Debt FY13/14 Rs 5.6 Lakhs Not Available
Debt FY14/15 Rs 6.1 Lakhs Not Available
Debt FY15/16 Rs 6.8 Lakhs Not Available
Debt FY16/17 Rs 7.2 Lakhs Not Available
Debt FY17/18 Rs 8.3 Lakhs Not Available
Debt FY18/19 Rs 7.9 Lakhs Not Available
Debt FY19/20 Rs 9.4 Lakhs Rs 28.64 Lakhs
Debt FY20/21 Rs 9.9 Lakhs Rs 31.35 Lakhs
Debt FY21/22 Rs 10 Lakhs Rs 33.41 Lakhs
Debt FY22/23 Rs 4.7 Lakhs Rs 36.58 Lakhs
Profit to Equity(%) FY11/12 74.10 Not Available
Profit to Equity(%) FY12/13 64.83 Not Available
Profit to Equity(%) FY13/14 54.48 Not Available
Profit to Equity(%) FY14/15 11.06 Not Available
Profit to Equity(%) FY15/16 (10.69) Not Available
Profit to Equity(%) FY16/17 4.15 Not Available
Profit to Equity(%) FY17/18 (16.74) Not Available
Profit to Equity(%) FY18/19 1.40 Not Available
Profit to Equity(%) FY19/20 (8.05) 18.09%
Profit to Equity(%) FY20/21 6.71 16.34%
Profit to Equity(%) FY21/22 12.82 20.34%
Profit to Equity(%) FY22/23 19.49 18.14%
Balance Sheet Size FY11/12 Rs 156538,78.76 Not Available
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Not Available
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Not Available
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Not Available
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Not Available
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 45 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 57.34 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 63.11 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 77.28 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than Lemonn ?

Canara Bank and Lemonn are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Lemonn better than Canara Bank ?

Canara Bank and Lemonn are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than Lemonn ?

Canara Bank and Lemonn are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Lemonn cheaper than Canara Bank ?

Canara Bank and Lemonn are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. Lemonn ?

To find out the better of the two stockbrokers Canara Bank and Lemonn, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.