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Zerodha Vs Indira Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Indira Securities ranges between 0.01% to 0.10%. Zerodha is a Discount Broker where Indira Securities is a Full Service Broker. Zerodha is having overall higher rating compare to Indira Securities. Zerodha is rated 4.5 out of 5 where Indira Securities is rated only 4 out of 5. Number of active customer for Zerodha is 69,94,952 where number of active customer for Indira Securities is 8,455. Zerodha is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of Zerodha vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Zerodha vs Indira Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Zerodha vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Zerodha vs Indira Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Zerodha vs Indira Securities on Service

  Zerodha Compare
Zerodha
Indira Securities Compare
Indira Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 69,94,952 8,455
Broker Overview Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform... Know more about Zerodha Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Zerodha vs Indira Securities on Trading & Demat Account Opening Charges

Comparison of Zerodha with Indira Securities on trading & demat account opening charges and AMC. Trading account opening charges - Indira Securities offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Zerodha charges Rs 300 PA AMC for Demat account where Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Indira Securities
Charges Zerodha Indira Securities
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs Indira Securities on Plan Options

Plans are the most important feature you look when compare Zerodha with Indira Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Zerodha with Indira Securities on Plan Options
Plan Types Zerodha Indira Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Indira Securities on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare Zerodha with Indira Securities
Brokerage Charges Compare Zerodha Indira Securities
Plan Name Max Rs 20 per order Trading Plan Traditional Brokerage Plan
Equity Delivery Free 0.10%
Equity Intraday 0.03% or Rs 20 whichever is lower 0.01%
Equity Futures 0.03% or Rs 20 whichever is lower 0.01%
Equity Options Flat Fee Rs 20 Rs. 25 per lot (both side)
Currency Futures 0.03% or Rs 20 whichever is lower Flat Fee Rs 20
Currency Options Flat Fee Rs 20 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Flat Fee Rs 20 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage NIL NA
Hidden Charges No Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Executable Order Free
Auto Square off Charges Rs 50 Per Executable Order Free
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare Zerodha vs Indira Securities on Transaction Charges

Compare Zerodha with Indira Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha with Indira Securities
Transaction Charges Compare Zerodha Indira Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for indira-securities
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Account Features

Compare Zerodha vs Indira Securities on Account Features

Compare Zerodha with Indira Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Indira Securities offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Zerodha with Indira Securities
Account Features Compare Zerodha Indira Securities
3 in 1 Account Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:10 PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha and Indira Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Zerodha with Indira Securities
Trading Platform Compare Zerodha Indira Securities
Desktop Trading Platform Kite By Zerodha ODIN Diet
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite TradeInsta
Mobile Trading App Demo Zerodha Kite Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite Download iOS TradeInsta Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Zerodha Equity Intraday and Delivery Brokerage Calculator for Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare Zerodha vs Indira Securities on User Rating

  Zerodha Indira Securities
  160 Customer Reviews    Rate Zerodha 1 Customer Reviews    Rate Indira Securities
Fees Ratings 4.0 2.0
Trading Brokerage Rating 4.4 4.0
Trading Platform Usability 3.7 2.0
Customer Service Ratings 3.8 2.0
Overall Ratings 3.9 3.0
Broker Rating Zerodha is Rated 3.9 / 5 based on 160 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Zerodha vs Indira Securities on Investment Offerings

Compare Zerodha with Indira Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Zerodha with Indira Securities
Investment Offerings Compare Zerodha Indira Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Zerodha vs Indira Securities on Order Types

Order Type - Compare Zerodha with Indira Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Indira Securities provides Bracket Orders (BO) where Zerodha doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Zerodha with Indira Securities
Order Type Compare Zerodha Indira Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Zerodha vs Indira Securities on Customer Service

Compare Zerodha with Indira Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Zerodha with Indira Securities
Customer Service Compare Zerodha Indira Securities
24/7 Customer Service Zerodha vs Indira Securities - 24x7 customer support No Yes
Email Support Zerodha vs Indira Securities - Email Support Yes Yes
Onine Live Chat Zerodha vs Indira Securities - Onine Live Chat No Yes
Phone Support Zerodha vs Indira Securities - Phone Support Yes Yes
Toll Free Number Zerodha vs Indira Securities - Toll Free Number No Yes
Through Branches Zerodha vs Indira Securities - Through Branches Yes Yes
Customer Care Number Zerodha vs Indira Securities - Customer Care Number "+ 91 80 4040 2020" +91-(0)731-4797105/115/146
Account Opening Process Zerodha vs Indira Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Zerodha vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Indira Securities - Knowledge Center/Education https://zerodha.com/varsity/ https://www.indiratrade.com/blog
Head Office Address Zerodha vs Indira Securities - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website Zerodha vs Indira Securities - Company Website https://zerodha.com/ https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare Zerodha vs Indira Securities on Research Reports, Tips

Compare Zerodha with Indira Securities on research reports and tips provided by the broker.

Research Reports - Compare Zerodha with Indira Securities
  Zerodha Indira Securities
Research Mutual Funds Zerodha vs Indira Securities - Research Mutual Funds No No
Research Equity Reports Zerodha vs Indira Securities - Research Equity Reports No Yes
Research ETF Zerodha vs Indira Securities - Research ETF No No
Daily Market Report Zerodha vs Indira Securities - Daily Market Report No Yes
Free Tips Zerodha vs Indira Securities - Free Tips No Yes
Quarterly Result Analysis Zerodha vs Indira Securities - Quarterly Results No Yes
News Alerts Zerodha vs Indira Securities - No Yes
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Demat Account

Compare Zerodha vs Indira Securities on Demat Account

Compare Zerodha with Indira Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Indira Securities is ₹450 pa (Second year onwards) where for Zerodha is ₹300 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction where for Indira Securities is ₹20 or 0.02% whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Zerodha with Indira Securities
  Zerodha Indira Securities
DP Source CDSL CDSL
DP ID Zerodha vs Indira Securities - DP ID 81600 752000
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹450 pa (Second year onwards)
Advance Deposit Nil Nil
Statutory charges ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹20 or 0.02% whichever is higher
Demat ₹150 per certificate + ₹100 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹50 per RRN
Pledge Creation ₹20 + ₹12 CSDL charges ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 ₹50 or 0.02% whichever is higher
Failed Instruction Charges ₹50 per instraction ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Indira Securities on Special Offers and Promotion

Compare Zerodha with Indira Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Indira Securities on Special Offers and Promotion
  Zerodha Indira Securities
Pay In and Pay Out Options Zerodha vs Indira Securities - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time Zerodha vs Indira Securities - Payout Time Max 24 hrs except for bank holidays

Max 24 hrs except bank holidays

Bank Supported and Charges Zerodha vs Indira Securities - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Likes

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

Dislikes
  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not available on Kite
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-02-16T02:47:18+00:00