Zerodha Vs Indira Securities (Compare Zerodha and Indira Securities)

The side-by-side comparison of Zerodha and Indira Securities. Compare Zerodha Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Indira Securities?


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha Review 2020 Zero... Know more about Zerodha


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 ... Know more about Indira Securities Pvt Ltd

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Zerodha Vs Indira Securities

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
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX and NCDEX
Account Type Flat Brokerage Plan Traditional Plan
Year of Incorporation 2010 1987
Number of Branches 22 335
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Zerodha Vs Indira Securities Charges & AMC

Zerodha trading account opening charges is ₹200 while Indira Securities account opening changes is ₹0 (Free). Zerodha Demat Account AMC Charges is ₹300 and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

  Zerodha Indira Securities
Trading Account Opening Charges ₹200 ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹450 (Free for 1st year)
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Zerodha Vs Indira Securities Brokerage Charges & Plans

Zerodha Vs Indira Securities Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  Zerodha Indira Securities
Account Type Flat Brokerage Plan Traditional Plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.10%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order ₹25 per lot (both side)
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹25 per lot (both side)
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹25 per lot (both side)
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Zerodha Vs Indira Securities Brokerage Plan 2

  Zerodha Indira Securities
Account Type Flat Brokerage Plan Discount Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order

Zerodha Charges Vs Indira Securities

Minimum Brokerage Charges 0.03% in Intraday and F&O ₹20 per executed order
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order ₹0 (Free)
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Zerodha Vs Indira Securities Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Indira Securities exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

  Zerodha Indira Securities
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per Cr (0.00325%)
Equity Futures NSE ₹190 per Cr (0.0019%) NSE ₹190 per Cr (0.0019%)
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹120 per Cr (0.0012%)
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹500 per Cr (0.005%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹600 per Cr (0.006%)
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Zerodha Vs Indira Securities Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

  Zerodha Indira Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 20x (based on the stock) Up to 10x (based on the stock)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1x (no margin)
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 1x (no margin)
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options 1x (no margin)
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Compare Zerodha and Indira Securities Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Indira Securities offers ODIN trading software.

  Zerodha Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin ODIN
Intraday Square-off Time 3:10 PM 3:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes Yes
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Zerodha Vs Indira Securities Review

Zerodha is rated 3.7 of 5 based on 390 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 1 customer reviews.

  Zerodha Indira Securities
  390 Customer Reviews    Rate Zerodha 1 Customer Reviews    Rate Indira Securities
Fees 3.8 2.0
Trading Brokerage 4.3 5.0
Trading Platform Usability 3.6 4.0
Customer Service 3.4 4.0
Research Capabilities 2.7 5.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 390 customer reviews Indira Securities is rated 4.0 of 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Indira Securities Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Zerodha Vs Indira Securities Investment Options

  Zerodha Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Zerodha Vs Indira Securities Order Type Offered

  Zerodha Indira Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Zerodha Vs Indira Securities Research Report

  Zerodha Indira Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Zerodha Vs Indira Securities Suitable For Investor Type

  Zerodha Indira Securities
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs Indira Securities - Pros and Cons

  Zerodha Indira Securities
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  1. Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

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.

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website

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Zerodha Indira Securities
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