Compare brokerage charges, account fees, apps, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-07-29
About Zerodha
Zerodha is one of India’s leading discount stockbrokers, offering online investing and trading in equities, currencies, commodities, IPOs, futures and options, bonds, government securities, and direct mutual funds.
It charges ₹0 brokerage on equity delivery and direct mutual fund investments. Equity intraday and futures trades are charged at ₹20 or 0.03% per executed order, whichever is lower, while options trades cost a flat ₹20 per executed order.
Zerodha is known for its low-cost pricing, transparent services, user-friendly Kite trading platform, and strong focus on technology and investor education.
About IIFL Securities
IIFL Securities is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
Zerodha vs IIFL Securities: Quick comparison
Feature
Zerodha
IIFL Securities
Broker type
Discount Broker
Full-Service Broker
Account Opening Charges
₹0
Plan/offer-dependent; verify official onboarding page
Annual Maintenance Charges
₹300 + 18% GST per year
Plan/account-dependent; verify official tariff
Equity delivery
₹0 brokerage
Plan-dependent; verify official tariff
Equity intraday
Flat ₹ 20 or 0.03% (whichever is lower) per executed order
Plan-dependent; verify official tariff
Futures
Flat ₹ 20 or 0.03% (whichever is lower) per executed order
Plan-dependent; verify official tariff
Options
Flat ₹ 20 per executed order
Plan-dependent; verify official tariff
Commodity
Flat ₹ 20 or 0.03% (whichever is lower) per executed order
Available only where enabled by the broker; verify current segment availability and tariff.
Currency
Flat ₹ 20 or 0.03% (whichever is lower) per executed order
Available only where enabled by the broker; verify current segment availability and tariff.
DP charges
₹13.00 + 18% GST or ₹15.34 total
Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page.
Auto Square Off
Check official tariff
Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms.
Call & trade Charge
May attract an additional assisted-order charge; verify the current tariff.
May attract an additional assisted-order charge; verify the current tariff.
Customer support
Official app/web help centre, ticket, email and/or phone support
Official app/web help centre, ticket, email and/or phone support; channels vary by broker.
Active Users
11
Check official tariff
Platforms
Kite, Console, Coin and developer APIs
Products
Equity, F&O, commodity, currency, IPO, mutual funds and bonds
IIFL Securities platforms
IIFL Markets app and web platform
Products
Equity, F&O, commodity, currency, IPO, mutual funds, research and advisory
Zerodha pros and cons
Pros
Established broker/platform access; integrated Kite, Console, Coin and developer APIs; broad access to Equity, F&O, commodity, currency, IPO, mutual funds and bonds.
Cons
Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.
IIFL Securities pros and cons
Pros
Established broker/platform access; integrated IIFL Markets app and web platform; broad access to Equity, F&O, commodity, currency, IPO, mutual funds, research and advisory.
Cons
Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Zerodha operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
What are the brokerage charges at Zerodha?
Zerodha brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Does Zerodha charge Demat AMC?
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
Which products are available on Zerodha?
The products field on this page lists the major investment and trading segments available through Zerodha. Availability and activation requirements may vary by user and segment.
Who should consider Zerodha?
Zerodha may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
Is IIFL Securities a SEBI-registered stock broker?
IIFL Securities operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
What are the brokerage charges at IIFL Securities?
IIFL Securities brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Does IIFL Securities charge Demat AMC?
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
Which products are available on IIFL Securities?
The products field on this page lists the major investment and trading segments available through IIFL Securities. Availability and activation requirements may vary by user and segment.
Who should consider IIFL Securities?
IIFL Securities may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
