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
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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)

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)

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)
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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
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	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
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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	2 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 422 customer reviews	Indira Securities is rated 4.5 of 5 based on 2 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)
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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 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.	Flat-rate brokerage plans (Rs 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 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.
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