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 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). Ze... 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. Open an Online Trading Account with Indira Securities. 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 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
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)
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Zerodha Vs Indira Securities Brokerage Charges & Plans

Zerodha Vs Indira Securities Brokerage

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%.

  Zerodha Indira Securities
Account Type Flat Brokerage Plan Traditional Plan
Fixed Charges NA
Equity Delivery Brokerage Rs 0 (Free) 0.10%
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Equity Futures Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Equity Options Brokerage Rs 20 per executed order Rs 25 per lot (both side)
Currency Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Currency Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot (both side)
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot (both side)
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer
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 Vs Indira Securities Brokerage Plan 2

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

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

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
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 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)
Enquire ZerodhaEnquire Indira Securities
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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 Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 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 422 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

  Zerodha Indira Securities
  422 Customer Reviews    Rate Zerodha 2 Customer Reviews    Rate Indira Securities
Fees 3.7 3.0
Trading Brokerage 4.3 5.0
Trading Platform Usability 3.6 4.5
Customer Service 3.4 4.5
Research Capabilities 2.8 5.0
Overall Ratings Rated 3.7 stars Rated 4.5 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 422 customer reviews Indira Securities is rated 4.5 of 5 based on 2 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 Rs 20 Intra-day and F&O trades. Get the offer

FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

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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 No 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
Enquire ZerodhaEnquire Indira Securities
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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 Yes
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 Rs 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 Rs 50 order.
  • Auto Square off is charged at extra Rs 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 (Rs 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 Rs 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 Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

Enquire ZerodhaEnquire Indira Securities

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