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About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
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About Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL.
The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers.
Indira Securities offers both traditional and discount brokerage plans. In the ...
Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.
Zerodha | Indira Securities | |
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Type of Broker | Discount Broker | Full Service Broker |
Exchnage Membership | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX and NCDEX |
Year of Incorporation | 2010 | 1987 |
Number of Branches | 22 | 335 |
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Zerodha trading account opening charges is Rs 200 while Indira Securities account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).
Zerodha | Indira Securities | |
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Trading Account Opening Charges | Rs 200 | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account AMC Charges | Rs 300 | Rs 450 (Free for 1st year) |
Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.
Account Type | Zerodha Flat Brokerage Plan | Indira Securities Traditional Plan |
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Fixed Charges | NA | |
Equity Delivery | Rs 0 (Free) | 0.10% |
Equity Intraday | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Futures | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Options | Rs 20 per executed order | Rs 25 per lot (both side) |
Currency Futures | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Currency Options | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot (both side) |
Commodity Futures | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Commodity Options | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot (both side) |
Special Offer | Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. |
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
Zerodha | Indira Securities | |
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Account Type | Flat Brokerage Plan | Discount Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery | Rs 0 (Free) | Rs 20 per executed order |
Equity Intraday | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
Equity Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
Equity Options | Rs 20 per executed order | Rs 20 per executed order |
Currency Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
Currency Options | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
Commodity Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
Commodity Options | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
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Minimum Brokerage | 0.03% in Intraday and F&O | Rs 20 per executed order |
Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
Call & Trade Charges | Rs 50 per executed order | Rs 0 (Free) |
Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
Zerodha | Indira Securities | |
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Equity Delivery | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 325 per Cr (0.00325%) |
Equity Intraday | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 325 per Cr (0.00325%) |
Equity Futures | NSE Rs 200 per Cr (0.002%) | NSE Rs 190 per Cr (0.0019%) |
Equity Options | NSE Rs 5300 per Cr (0.053%) (on premium) | NSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | NSE Rs 120 per Cr (0.0012%) |
Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 500 per Cr (0.005%) (on premium) |
Commodity | Group A - Rs 260 per Cr (0.0026%) | Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%) |
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Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Indira Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
Zerodha | Indira Securities | |
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Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
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The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Indira Securities offers ODIN trading software.
Zerodha | Indira Securities | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | Kite Web, Kite Mobile for Android/iOS and Coin | ODIN |
Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:15 PM |
Trading In SME Shares Allowed? | ![]() |
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Referral Program | ![]() |
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Other Features | Direct Mutual Funds, APIs for Algo Trading | |
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Zerodha is rated 3.7 of 5 based on 459 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 4 customer reviews.
Zerodha Enquire | Indira Securities Enquire | |
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Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. | FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
Zerodha | Indira Securities | |
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Stock / Equity | ![]() |
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Commodity | ![]() |
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Currency | ![]() |
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IPO | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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Debt | ![]() |
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Other Investment Options |
Zerodha | Indira Securities | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Zerodha | Indira Securities | |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Zerodha | Indira Securities | |
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Casual Investor | ![]() |
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Active Investor | ![]() |
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Trader | ![]() |
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Zerodha | Indira Securities | |
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Promo / Offers | Zerodha Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
Indira Securities Special OfferFree Equity Delivery TradingGet FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. |
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