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Zerodha Vs iTradeOnline (Compare Zerodha and iTradeOnline)

The side-by-side comparison of Zerodha and iTradeOnline. Compare Zerodha Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Zerodha review.

Find out Zerodha Vs iTradeOnline which is better and Zerodha Vs iTradeOnline which is best.

Our Zerodha comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Zerodha and iTradeOnline.

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Zerodha Vs iTradeOnline

  Zerodha iTradeOnline
Find more info about broker
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 ₹20 per executed o... 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 Flat Brokerage 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. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
Year of Incorporation 2010
Number of Branches 22
Enquire Zerodha Enquire iTradeOnline
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Zerodha Vs iTradeOnline Charges

  Zerodha iTradeOnline
Trading Account Opening Fees ₹200 ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹0 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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Zerodha Vs iTradeOnline Brokerage

Brokerage Plan 1

  Zerodha iTradeOnline
Account Type Flat Brokerage 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
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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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Zerodha Vs iTradeOnline Taxes

  Zerodha iTradeOnline
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Zerodha Vs iTradeOnline Transaction Charges

  Zerodha iTradeOnline
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%) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹5000 per Cr (0.05%) 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 ₹70 per Cr (0.0007%) | 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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Zerodha Vs iTradeOnline Exposure Margin

  Zerodha iTradeOnline
Equity Delivery 1x (no margin) Upto 5x (based on the stock)
Equity Intraday Up to 20x (based on the stock) Upto 20x (based on the stock)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Zerodha and iTradeOnline Feature Comparison

  Zerodha iTradeOnline
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) Yes
Margin Against Shares (Equity F&O) Yes
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
Referral Program Yes
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Zerodha Vs iTradeOnline Review

  Zerodha iTradeOnline
  365 Customer Reviews    Rate Zerodha 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Trading Brokerage 4.4 4.1
Trading Platform Usability 3.6 3.9
Customer Service 3.5 3.7
Research Capabilities 2.3 1.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 365 customer reviews iTradeOnline is Rated 4.0 / 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire iTradeOnline Enquire
Contact Broker

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

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Zerodha Vs iTradeOnline Investment Options

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

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

  Zerodha iTradeOnline
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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Zerodha Vs iTradeOnline Research Report

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

  Zerodha iTradeOnline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs iTradeOnline - Advantages and Disadvantages

  Zerodha iTradeOnline
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 0.01% 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.

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 ₹20 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.

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
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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