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Zerodha Vs iTradeOnline (Compare Zerodha and iTradeOnline)


Zerodha Logo

Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


iTradeOnline by Trustline Logo

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 Rs 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... 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
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Year of Incorporation 2010
Number of Branches 22
Open an Online Trading Account with Zerodha.Open an Online Trading Account with iTradeOnline.
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Zerodha Vs iTradeOnline Charges & AMC

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

  Zerodha iTradeOnline
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 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 300 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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Zerodha Vs iTradeOnline Brokerage Charges & Plans

Zerodha Vs iTradeOnline Brokerage

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

  Zerodha iTradeOnline
Account Type Flat Brokerage Plan Pay Per Trade
Fixed Charges Rs 0
Equity Delivery Rs 0 (Free) Rs 20 per executed order or .01% whichever is lower
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or .01% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 20 per executed order Rs 20 per executed order or .01% whichever is lower
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 20 per executed order or .03% whichever is lower
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Zerodha Charges Vs iTradeOnline

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

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Zerodha iTradeOnline
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity Group A - Rs 260 per Cr (0.0026%) MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Zerodha Vs iTradeOnline Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the iTradeOnline margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Zerodha iTradeOnline
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 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 Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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Zerodha Vs iTradeOnline Review

Zerodha is rated 3.7 of 5 based on 444 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Zerodha iTradeOnline
  444 Customer Reviews    Rate Zerodha 7 Customer Reviews    Rate iTradeOnline
Fees 3.7 3.9
Brokerage 4.2 4.1
Trading Platform 3.6 3.9
Customer Service 3.4 3.7
Research Capabilities 2.7 1.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 444 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 Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Get 50% discount (Rs 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
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 No
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
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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 Yes
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs iTradeOnline - Pros and Cons

  Zerodha iTradeOnline
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • 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
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • 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 and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Lifetime FREE AMC Demat Account - 50% Off

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

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

Open Zerodha AccountEnquire iTradeOnline

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Zerodha iTradeOnline
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