Zerodha Vs Indira Securities (Compare Zerodha and Indira Securities)

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

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)

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)

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%)

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

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	1 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Zerodha Vs Indira Securities Investment Options

	Zerodha	Indira Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Zerodha Vs Indira Securities Order Type Offered

	Zerodha	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Zerodha Vs Indira Securities Research Report

	Zerodha	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs Indira Securities Suitable For Investor Type

	Zerodha	Indira Securities
Casual Investor
Active Investor
Trader

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.	Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. 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