Zerodha Vs iTradeOnline (Compare Zerodha and iTradeOnline)

The side-by-side comparison of Zerodha and iTradeOnline. Compare Zerodha Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs iTradeOnline?


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size and in any segment). Zerodha Review 2020- Quick Summary ... Know more about Zerodha


iTradeOnline
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 low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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Zerodha Vs iTradeOnline

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 , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Zerodha iTradeOnline
Type of Broker Discount Broker Discount Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Flat Brokerage Plan Pay Per Trade
Year of Incorporation 2010
Number of Branches 22
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.
Enquire ZerodhaEnquire iTradeOnline
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Zerodha Vs iTradeOnline Charges & AMC

Zerodha trading account opening charges is ₹200 while iTradeOnline account opening changes is ₹0 (Free). Zerodha Demat Account AMC Charges is ₹300 and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Zerodha iTradeOnline
Trading Account Opening Charges ₹200 ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Zerodha Vs iTradeOnline Brokerage Charges & Plans

Zerodha Vs iTradeOnline Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  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 .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .03% 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

Zerodha Charges Vs iTradeOnline

Minimum Brokerage Charges 0.03% in Intraday and F&O ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS Physical contact notes: ₹20
Call & Trade Charges ₹50 per executed order ₹0 (Free)
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Zerodha Vs iTradeOnline Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  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%) (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 ₹3500 per Cr (0.035%) | 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%)
Enquire ZerodhaEnquire iTradeOnline
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Zerodha Vs iTradeOnline Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  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
Enquire ZerodhaEnquire iTradeOnline
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Compare Zerodha and iTradeOnline Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  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 Mobile for Android/iOS and Coin 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 for Algo Trading
Referral Program Yes
Enquire ZerodhaEnquire iTradeOnline
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Zerodha Vs iTradeOnline Review

Zerodha is rated 3.7 of 5 based on 384 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Zerodha iTradeOnline
  384 Customer Reviews    Rate Zerodha 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Trading Brokerage 4.3 4.1
Trading Platform Usability 3.6 3.9
Customer Service 3.4 3.7
Research Capabilities 2.5 1.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 384 customer reviews iTradeOnline is rated 4.0 of 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 Order Type Offered

  Zerodha iTradeOnline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
Enquire ZerodhaEnquire iTradeOnline
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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 - Pros and Cons

  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 0.03% 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.
  • 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.
Cons
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.
  • 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.
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.

Enquire ZerodhaEnquire iTradeOnline

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