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Zerodha Vs iTradeOnline Share Broker Comparison

The side-by-side comparison of Zerodha and iTradeOnline by Trustline stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and iTradeOnline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and iTradeOnline.

  Zerodha iTradeOnline by Trustline
 
Zerodha Logo iTradeOnline by Trustline Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Standard Plan Pay Per Trade
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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Stock Broker Fees / Charges

  Zerodha iTradeOnline by Trustline
Trading Account Opening Fees ₹300 ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹100 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha iTradeOnline by Trustline
Account Type Standard Plan Pay Per Trade
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0 ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS Physical contact notes: ₹20
Call & Trade Charges ₹20 per executed order ₹0 (Free)
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Taxes

  Zerodha iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha iTradeOnline by Trustline
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity Group A - ₹260 per Cr (0.0026%) MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Zerodha iTradeOnline by Trustline
Equity Delivery 1x (no margin) 1x (100% Margin Required)
Equity Intraday Up to 20x (based on the stock) Up to 20x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span MCX Futures: 8x
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Share Broker Features

  Zerodha iTradeOnline by Trustline
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:10 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Zerodha iTradeOnline by Trustline
  330 Customer Reviews    Rate Zerodha 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.8 4.2
Trading Brokerage Rating 4.4 4.7
Trading Platform Usability 3.6 4.0
Customer Service Ratings 3.5 4.2
Overall Ratings Rated 3.7 stars Rated 4.3 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Zerodha iTradeOnline by Trustline
Contact / Request Call Back
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Investment Options Available

  Zerodha iTradeOnline by Trustline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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Customer Service Offered

  Zerodha iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Zerodha iTradeOnline by Trustline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  Zerodha iTradeOnline by Trustline
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Zerodha iTradeOnline by Trustline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha iTradeOnline by Trustline
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

Reviews Useful Articles about Zerodha:
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