Zerodha Vs INDmoney
Zerodha
Zerodha Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Zerodha Vs INDmoney - Broker Details
| Zerodha | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2010 | 2019 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE and MCX |
| Branches | 120+ | 966 |
| Brokerage | ₹20/ Order or 0.03% | 0.05% or up to ₹20/Per Order |
| Broker Type | Discount Broker | Discount Broker |
Zerodha Vs INDmoney - Account Opening & AMC Charges
| Zerodha | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹200 | ₹0 (Free) |
| Demat Account Opening Charge | ₹200 | ₹0 (Free) |
| Demat Account AMC | ₹300/Year + GST charged quarterly (90 days) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Zerodha Vs INDmoney - Brokerage charges & Plans
| Zerodha | INDmoney | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | Zero Brokerage | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹20/ Order or 0.03%(whichever is lower) | N/A |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
Zerodha Vs INDmoney - Other Charges
| Zerodha | INDmoney | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50 per position |
| API Charges | ₹2000/ Month | N/A |
| Call & Trade Charges | ₹50/ Order | ₹50 per position |
| Other Brokerage Charges | ₹20 or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
Zerodha Vs INDmoney - Transaction Charges
| Zerodha | INDmoney | |
|---|---|---|
| Currency Options | NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE: 0.002% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE: 0.00345% | BSE: 0.00345% | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE: 0.053% (on premium) | NSE: 0.053% on premium value |
| Commodity | Group A Exchange txn charge: 0.0026% |Group B: Exchange txn charge | CASTORSEED - 0.0005% |KAPAS - 0.0026% | PEPPER - 0.00005% |RBDPMOLEIN - 0.001% | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE: Exchange txn charge: 0.0009% | BSE: Exchange txn charge: 0.00022% | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE: 0.00345% | BSE: 0.00345% | NSE - 0.00325% | BSE- 0.00375% |
Zerodha Vs INDmoney - Margin (Exposure)
| Zerodha | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (20% margin) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x(100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Zerodha Vs INDmoney - Features
| Zerodha | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash: 3:20 PM | Equity F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Zerodha Kite, Zerodha Coin and Zerodha Varsity, Console, Sentinel | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Zerodha Vs INDmoney - Review & Rating
| Zerodha | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Zerodha Vs INDmoney - Request a call back from Broker
| Zerodha | INDmoney | |
|---|---|---|
Zerodha Vs INDmoney - Investment Options
| Zerodha | INDmoney | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Zerodha Vs INDmoney - Order Type
| Zerodha | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Zerodha Vs INDmoney - Research & Report
| Zerodha | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Zerodha Vs INDmoney - Daily Market Report
| Zerodha | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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Zerodha Vs INDmoney - Suitable For Investor
| Zerodha | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Zerodha Vs INDmoney - Pros & Cons
| Zerodha | INDmoney | |
|---|---|---|
| Pros | 1.It charges zero brokerage for Delivery. 2.\\tIt provides same pricing structure for across all the exchanges. 3.\\tIt charges no upfront fee or turnover commitment. 4.\\tIt provides Z-Connect, Interactive blog, and portal for all the other queries. 5.\\tIt requires no minimum balance to open a trading account with Zerodha. 6.\\tIt provides various trading platforms such as Coin, Sensibull, GoldenPi, Sentinel, Smallcase, Console and Kite Connect API to help the customers. | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1.It does not provide a three-in one demat account. 2.\\tIt charges ₹20/ Trade in Call and Trade segment | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
Zerodha Vs INDmoney - Background
| Zerodha | INDmoney | |
|---|---|---|
Zerodha Vs INDmoney - Compare All Brokers
| Zerodha | INDmoney | |
|---|---|---|
Zerodha Vs INDmoney - STT/CTT
| Zerodha | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.05% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Zerodha Vs INDmoney - Demat transaction charges
| Zerodha | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 + Gst per scrip (stock) | ₹250/ per certificate |
Zerodha Vs INDmoney - GST
| Zerodha | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | Equity:- 18% on (brokerage + SEBI charges + transaction charges) | Currency & Commodities:- 18% on (brokerage + transaction charges) | 18% on (Brokerage + Transaction Charge) |
Zerodha Vs INDmoney - SEBI Charges
| Zerodha | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore + GST | Commodities futures:- Agri: ₹1/ Crore + GST Non- Agri ₹10/ Crore + GST | ₹10/Crore |
Zerodha Vs INDmoney - Account Opening & AMC Charges
Zerodha
INDmoney
Trading Account Opening Charge
₹200
₹0 (Free)
Demat Account Opening Charge
₹200
₹0 (Free)
Demat Account AMC
₹300/Year + GST charged quarterly (90 days)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Zerodha Vs INDmoney
| Zerodha | INDmoney | |
|---|---|---|
Zerodha Review 2024 |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Zerodha Vs INDmoney - Brokerage charges & Plans
| Zerodha | INDmoney | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | Zero Brokerage | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹20/ Order or 0.03%(whichever is lower) | N/A |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Zerodha Vs INDmoney - Margin (Exposure)
| Zerodha | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (20% margin) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margins(SPAN + Exposure) | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | 1x(100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margins(SPAN + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Zerodha Vs INDmoney - Other Charges
| Zerodha | INDmoney | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50 per position |
| API Charges | ₹2000/ Month | N/A |
| Call & Trade Charges | ₹50/ Order | ₹50 per position |
| Other Brokerage Charges | ₹20 or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
Zerodha Vs INDmoney - STT/CTT
| Zerodha | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on the sell side | 0.025% only on sell |
| Equity Options | 0.05% on sell side (on premium) | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on sell side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% only on sell side |
Zerodha Vs INDmoney - Demat transaction charges
| Zerodha | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 + Gst per scrip (stock) | ₹250/ per certificate |
Zerodha Vs INDmoney - GST
| Zerodha | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | Equity:- 18% on (brokerage + SEBI charges + transaction charges) | Currency & Commodities:- 18% on (brokerage + transaction charges) | 18% on (Brokerage + Transaction Charge) |
Zerodha Vs INDmoney - SEBI Charges
| Zerodha | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore + GST | Commodities futures:- Agri: ₹1/ Crore + GST Non- Agri ₹10/ Crore + GST | ₹10/Crore |
Zerodha Vs INDmoney - Features
| Zerodha | INDmoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash: 3:20 PM | Equity F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Zerodha Kite, Zerodha Coin and Zerodha Varsity, Console, Sentinel | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |