Broker Comparison

Zerodha vs IIFL Securities

Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.

Data verified: 2026-07-29

Zerodha

Discount Broker

★★★★☆ 4.4/5

Account opening₹0

AMC₹300 + 18% GST per year

IntradayFlat ₹ 20 or 0.03% (whichever is lower)

View Zerodha Review

IIFL Securities

Full-Service Broker

Account openingPlan/offer-dependent; verify official onboarding page

AMCPlan/account-dependent; verify official tariff

IntradayPlan-dependent; verify official tariff

View IIFL Securities Review

Zerodha vs IIFL Securities: Quick comparison

Key charges and account features side by side.

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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)	Plan-dependent; verify official tariff
Futures	Flat ₹ 20 or 0.03% (whichever is lower)	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)	Available only where enabled by the broker; verify current segment availability and tariff.
Currency	Flat ₹ 20 or 0.03% (whichever is lower)	Available only where enabled by the broker; verify current segment availability and tariff.
DP charges	₹15.34 per scrip (₹3.5 CDSL fee + ₹9.5 Zerodha fee + ₹2.34 GST)	Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page.
Auto Square Off	₹50 plus 18% GST	Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms.
Call & trade Charge	₹50 plus 18% GST	May attract an additional assisted-order charge; verify the current tariff.
Customer support	Yes, 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	6.8 million NSE-active clients as of May 2026	Check official tariff

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.

Trading Platforms & Tools

Zerodha offers a modern trading and investment ecosystem through Kite Web and Mobile, Coin, Console, Kite Connect API, and Varsity. These platforms provide advanced charts, live market data, portfolio analytics, direct mutual fund investing, IPO applications, alerts, GTT orders, and educational resources.

Products Offered

Zerodha offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, ETFs, IPOs, direct mutual funds, bonds, and government securities. These products can be accessed through Zerodha’s online platforms, including Kite and Coin.

IIFL Securities platforms

IIFL Markets app and web platform

IIFL Securities products

Equity, F&O, commodity, currency, IPO, mutual funds, research and advisory

Zerodha pros and cons

Pros

₹0 brokerage on equity delivery and direct mutual funds.
Low flat brokerage for intraday and F&O trades.
User-friendly Kite platform with advanced trading tools.

Cons

No stock tips or advisory services.
Call-and-trade and some additional services may incur extra charges.

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.

Broker Rating

Zerodha

★★★★☆

4.4/5

3.9L+ Google Play store Reviews

IIFL Securities

Rating not added

Read complete broker reviews

Zerodha Review IIFL Securities Review

Frequently asked questions

Is Zerodha a good stockbroker for beginners?

Yes, Zerodha is suitable for beginners because it offers a user-friendly Kite trading platform, educational resources through Varsity, and low brokerage charges.

What is the Zerodha account opening charge?

Zerodha currently offers free account opening for resident individual trading and demat accounts.

What brokerage does Zerodha charge?

Zerodha charges ₹0 brokerage on equity delivery. For equity intraday and futures, the charge is ₹20 or 0.03% per executed order, whichever is lower. Options trades are charged at ₹20 per executed order.

Does Zerodha charge an annual maintenance fee?

Yes, Zerodha charges an Account Maintenance Charge (AMC) of ₹300 per year plus 18% GST for standard resident individual accounts, though it is free for the first year. Instead of billing annually, Zerodha deducts this fee quarterly (every 91 days) directly from your trading balance.

Which trading platforms does Zerodha offer?

Zerodha offers Kite for trading and investing, Coin for direct mutual funds and other investments, and Console for portfolio reports and account statements.

Can I invest in mutual funds through Zerodha?

Yes, investors can use Zerodha Coin to invest in direct mutual funds without paying distributor commissions.

Does Zerodha provide stock tips or advisory services?

No, Zerodha does not provide stock tips, portfolio management, or personalised investment advisory services.

Is there any minimum balance requirement in Zerodha?

No, Zerodha does not require users to maintain a minimum account balance to keep their account active.

Can I apply for IPOs through Zerodha?

Yes, Zerodha users can apply for IPOs online through the Kite platform using a supported UPI ID.

Is Zerodha safe and SEBI registered?

Yes, Zerodha Broking Limited is registered with SEBI and is a member of major Indian stock exchanges, including NSE, BSE, and MCX. However, all stock market investments are subject to market risks.

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.