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

Find a Comparison of Lemonn vs Canara Bank 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 Lemonn and Canara Bank.

Background

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

Equity Free for 1 Month afterwards 0.5% on Intraday 0.35% for Delivery & 0.04% for Intraday
Equity Futures Zero 0.04%
Equity Options Zero Rs.50 per Lot
Currency Futures Zero 0.04%
Currency Options Zero Rs.50 per Lot
Commodity Zero Rs.50 per Lot
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 Zero 0.00325%
Futures Zero 0.00325%
Options Zero 0.00325%
Commodities Zero 0.00325%
AMC charge Zero Rs.500 per Annum
DP Transaction Charge Rs 10 per transaction Rs 9 + GST
Offline order placing Charge 0 Rs 20 per executed order
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 1x on Delivery & upto 2x on Intraday Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures 2x for intraday Upto 3X
Equity Options Upto 2x for Intraday Upto 5X
Currency Futures 2x for intraday Upto 2X
Currency Options 1x Upto 2X
Commodity 1x Upto 2X
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 Not Available Rs 3283 Crores
Profit after Tax FY12/13 Not Available Rs 2872 Crores
Profit after Tax FY13/14 Not Available Rs 2438 Crores
Profit after Tax FY 14/15 Not Available Rs 2703 Crores
Profit after Tax FY 15/16 Not Available Rs (2813) Crores
Profit after Tax FY 16/17 Not Available Rs 1122 Crores
Profit after Tax FY 17/18 Not Available Rs (4222) Crores
Profit after Tax FY 18/19 Not Available Rs 347 Crores
Profit after Tax FY 19/20 Rs 38 Lakhs Rs (2236) Crores
Profit after Tax FY 20/21 Rs 55 Lakhs Rs 4406.07 Crores
Profit after Tax FY 21/22 Rs 70 Lakhs Rs 5464.49 Crores
Profit after Tax FY 22/23 Rs 93 Lakhs Rs 7518.54 Crores
Debt FY11/12 Not Available Rs 4.7 Lakhs
Debt FY12/13 Not Available Rs 5.2 Lakhs
Debt FY13/14 Not Available Rs 5.6 Lakhs
Debt FY14/15 Not Available Rs 6.1 Lakhs
Debt FY15/16 Not Available Rs 6.8 Lakhs
Debt FY16/17 Not Available Rs 7.2 Lakhs
Debt FY17/18 Not Available Rs 8.3 Lakhs
Debt FY18/19 Not Available Rs 7.9 Lakhs
Debt FY19/20 Rs 28.64 Lakhs Rs 9.4 Lakhs
Debt FY20/21 Rs 31.35 Lakhs Rs 9.9 Lakhs
Debt FY21/22 Rs 33.41 Lakhs Rs 10 Lakhs
Debt FY22/23 Rs 36.58 Lakhs Rs 4.7 Lakhs
Profit to Equity(%) FY11/12 Not Available 74.10
Profit to Equity(%) FY12/13 Not Available 64.83
Profit to Equity(%) FY13/14 Not Available 54.48
Profit to Equity(%) FY14/15 Not Available 11.06
Profit to Equity(%) FY15/16 Not Available (10.69)
Profit to Equity(%) FY16/17 Not Available 4.15
Profit to Equity(%) FY17/18 Not Available (16.74)
Profit to Equity(%) FY18/19 Not Available 1.40
Profit to Equity(%) FY19/20 18.09% (8.05)
Profit to Equity(%) FY20/21 16.34% 6.71
Profit to Equity(%) FY21/22 20.34% 12.82
Profit to Equity(%) FY22/23 18.14% 19.49
Balance Sheet Size FY11/12 Not Available Rs 156538,78.76
Balance Sheet Size FY12/13 Not Available Rs 182468,06,75 Crores
Balance Sheet Size FY13/14 Not Available Rs 583519 44 35 Crores
Balance Sheet Size FY14/15 Not Available Rs 583519 44 35 Crores
Balance Sheet Size FY15/16 Not Available Rs 583519 44 35 Crores
Balance Sheet Size FY16/17 Not Available Rs 583519 44 35 Crores
Balance Sheet Size FY17/18 Not Available Rs 616886 10 48 Crores
Balance Sheet Size FY18/19 Not Available Rs 694766 69 05 Crores
Balance Sheet Size FY19/20 Rs 45 Crores Rs 723874 74 53 Crores
Balance Sheet Size FY20/21 Rs 57.34 Crores Rs 1027147 88 07 Crores
Balance Sheet Size FY21/22 Rs 63.11 Crores Rs 1228104 88 07 Crores
Balance Sheet Size FY22/23 Rs 77.28 Crores Rs 1345732 24 75 Crores

Comparison Link:

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Frequently Asked Questions

Is Lemonn better than Canara Bank ?

Lemonn and Canara Bank 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 better than Lemonn ?

Lemonn and Canara Bank 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 cheaper than Canara Bank ?

Lemonn and Canara Bank 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 Canara Bank cheaper than Lemonn ?

Lemonn and Canara Bank 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 Lemonn vs. Canara Bank ?

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