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Indiabulls Vs Zerodha Share Broker Comparison

The side-by-side comparison of Indiabulls Ventures Limited and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Indiabulls 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 Indiabulls and Zerodha.

  Indiabulls Ventures Limited Zerodha
 
Indiabulls Ventures Limited Logo Zerodha Logo
About the Broker Indiabulls Ventures Ltd (Formerly Indiabulls Securities) is the India-based Stock Broker. ISL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and F... Know more about Indiabulls Ventures Limited 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, MCX, NCDEX NSE, BSE, MCX and NCDEX
Account Type Power Indiabulls Standard Plan
Broker Enquiry Open an Online Trading Account with Indiabulls. 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

  Indiabulls Ventures Limited Zerodha
Trading Account Opening Fees Rs 750 ₹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

  Indiabulls Ventures Limited Zerodha
Account Type Power Indiabulls Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.3% ₹0 (Free)
Equity Intraday Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage Rs100/Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs100/Lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage No ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges 3 paisa per share ₹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

  Indiabulls Ventures Limited 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

  Indiabulls Ventures Limited 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 0.0025% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.055% on Premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.0025% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options 0.055% on Premium NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity 0.003% Group A - ₹260 per Cr (0.0026%)
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Exposure

  Indiabulls Ventures Limited Zerodha
Equity Delivery Upto 4x with 16% interest per year 1x (no margin)
Equity Intraday Upto 10x Up to 20x (based on the stock)
Equity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 3x for shorting 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 Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  Indiabulls Ventures Limited Zerodha
3 in 1 Account No 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
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Power Indiabulls, SHUBH Web, SHUBH Mobile Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:10 PM
Other Features Live News, World market summary Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Indiabulls Ventures Limited Zerodha
  44 Customer Reviews    Rate Indiabulls 330 Customer Reviews    Rate Zerodha
Fees Ratings 3.4 3.8
Trading Brokerage Rating 3.1 4.4
Trading Platform Usability 3.7 3.6
Customer Service Ratings 3.1 3.5
Overall Ratings Rated 3.2 stars Rated 3.7 stars
Broker Rating Indiabulls is Rated 3.2 / 5 based on 44 customer reviews Zerodha is Rated 3.7 / 5 based on 330 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Ventures Limited Zerodha
Contact / Request Call Back
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Investment Options Available

  Indiabulls Ventures Limited Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes 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

  Indiabulls Ventures Limited Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Indiabulls Ventures Limited Zerodha
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  Indiabulls Ventures Limited 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

  Indiabulls Ventures Limited Zerodha
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Indiabulls Ventures Limited Zerodha
Pros
  • Indiabulls has good network of branches across India.
  • Brokerage is negotiable and can be reduced up to 50-60%.
  • Power Indiabulls is available for Apple's Mac and Linux OS.
  • 10 times exposure for intraday trades.
  • Indiabulls provides trading platforms which are easy to use, rich in features and to suite different customer needs. Power Indiabulls Trading Terminal, Online Trading Website and Mobile Power Indiabulls trading platform are 3 platforms offered by them.
  • Indiabulls has branches and sub brokers in almost every city in India. This helps customers who feel comfortable dealing with people.
  • Indiabulls offers 2-in-1 account which includes share trading and demat account.

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
  • Power Indiabulls Trading Terminal cost Rs 750 one time change.
  • There are no standard rates, fees or brokerage published on website. You should be very careful with hidden changes.
  • No centralized support or sales team. Business is done through branches and sub-brokers.
  • Indiabulls doesn't provide 3-in-1 account

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:
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