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IDBI Capital Vs Zerodha Share Broker Comparison

The side-by-side comparison of IDBI Capital Markets and Securities Ltd and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between IDBI Capital and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among IDBI Capital and Zerodha.

  IDBI Capital Markets and Securities Ltd Zerodha
 
IDBI Capital Markets and Securities Ltd Logo Zerodha Logo
About the Broker Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Part... Know more about IDBI Capital Markets and Securities Ltd Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, NSDL NSE, BSE, MCX and NCDEX
Account Type Paisa Power Classic Standard Plan
Broker Enquiry Open an Online Trading Account with IDBI Capital. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  IDBI Capital Markets and Securities Ltd Zerodha
Trading Account Opening Fees Rs 500 ₹300
Trading Account AMC NIL ₹0 (Free)
Demat Account Opening Fees NIL ₹100
Demat Account AMC Rs 450 ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  IDBI Capital Markets and Securities Ltd Zerodha
Account Type Paisa Power Classic Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage Rs 100 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage NA ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower. ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges Nil ₹20 per executed order
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Taxes

  IDBI Capital Markets and Securities Ltd Zerodha
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  IDBI Capital Markets and Securities Ltd Zerodha
Equity Delivery 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.0019% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.051% on premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures NA NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options NA NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity NA Group A - ₹260 per Cr (0.0026%)
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Exposure

  IDBI Capital Markets and Securities Ltd Zerodha
Equity Delivery Nil 1x (no margin)
Equity Intraday Upto 4x Up to 20x (based on the stock)
Equity Futures Nil Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Nil Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Nil Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Nil Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  IDBI Capital Markets and Securities Ltd Zerodha
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Power Pro, Power Streaming, IDBI Direct Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:00 PM 3:10 PM
Other Features Morning Report, Equity SIP, Investment Guide Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  IDBI Capital Markets and Securities Ltd Zerodha
  37 Customer Reviews    Rate IDBI Capital 330 Customer Reviews    Rate Zerodha
Fees Ratings 3.2 3.8
Trading Brokerage Rating 2.6 4.4
Trading Platform Usability 2.6 3.6
Customer Service Ratings 2.9 3.5
Overall Ratings Rated 2.8 stars Rated 3.7 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews Zerodha is Rated 3.7 / 5 based on 330 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Markets and Securities Ltd Zerodha
Contact / Request Call Back
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Investment Options Available

  IDBI Capital Markets and Securities Ltd Zerodha
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Customer Service Offered

  IDBI Capital Markets and Securities Ltd Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  IDBI Capital Markets and Securities Ltd Zerodha
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  IDBI Capital Markets and Securities Ltd Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  IDBI Capital Markets and Securities Ltd Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  IDBI Capital Markets and Securities Ltd Zerodha
Pros - Prepaid plans are available for volume traders.

More Advantages...

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

Cons - Additional charge of Rs 2000 per year for installable trading platform.

More Disadvantages...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

Reviews Useful Articles about Zerodha:
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

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