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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) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... 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 What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type What is this parameter? 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 What is this parameter? ₹300 ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹100 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC What is this parameter? ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? What is this parameter? 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 What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage What is this parameter?

Other Charges

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

  Zerodha iTradeOnline by Trustline
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures What is this parameter? NSE ₹210 per crore | BSE ₹1 per trade (each side) NSE ₹190 per crore (0.0019%)
Equity Options What is this parameter? NSE ₹5300 per crore | BSE ₹1 per trade (each side) NSE ₹5000 per crore (0.05%)
Currency Futures What is this parameter? NSE ₹135 per crore (0.00135%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options What is this parameter? NSE ₹4400 (on premium) per crore (0.044%) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity What is this parameter? Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Zerodha iTradeOnline by Trustline
Equity Delivery What is this parameter? 1x (no margin) 1x (100% Margin Required)
Equity Intraday What is this parameter? Up to 20x (based on the stock) Up to 20x
Equity Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Equity Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Currency Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Currency Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Commodity What is this parameter? 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 What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No Yes
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Kite Web, Kite Android/iOS, Pi, Coin Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time What is this parameter? 3:10 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features What is this parameter? Direct Mutual Funds
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Broker Ratings (Average User Rating)

  Zerodha iTradeOnline by Trustline
  327 Customer Reviews    Rate Zerodha 5 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.8 4.0
Trading Brokerage Rating 4.4 4.6
Trading Platform Usability 3.6 4.0
Customer Service Ratings 3.5 4.0
Overall Ratings Rated 3.8 stars Rated 4.2 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 327 customer reviews iTradeOnline is Rated 4.2 / 5 based on 5 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 What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? No No
Debt What is this parameter? No Yes
Other Investment Options What is this parameter? Insurance, Wealth Management
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Customer Service Offered

  Zerodha iTradeOnline by Trustline
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? No Yes
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Order Type

  Zerodha iTradeOnline by Trustline
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

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

  Zerodha iTradeOnline by Trustline
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha iTradeOnline by Trustline
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?

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