Choosing the right stockbroker is crucial for a seamless trading experience. In this comparison, we analyze BlinkX and Zerodha, two popular discount brokers in India, based on brokerage charges, account opening fees, trading platforms, and key features.
About Zerodha
Founded in 2010, Zerodha is India’s largest and most reputed discount broker. It offers online flat-fee brokerage services across Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
- Brokerage Charges: ₹0 for equity delivery & direct mutual funds, ₹20 or 0.03% per trade (whichever is lower) for intraday and F&O.
- Trading Platforms: Kite Web, Kite Mobile App (Android/iOS), and Coin for direct mutual fund investments.
- Branches: 22 across India.
- Margin (Leverage): Up to 5x for intraday trading based on stock selection.
About BlinkX
Launched in 2022, BlinkX is an emerging technology-driven discount broker offering trading and investment in Equity, Currency, Derivatives, IPO, Equity SIP, Mutual Funds, and Margin Funding.
- Brokerage Charges: ₹0 for all segments under its subscription plans, starting at ₹249 for two months.
- Trading Platform: BlinkX Trading App, featuring intelligent portfolio tracking, expert research, smart recommendations, and daily market updates.
- Branches: 0 (Fully digital brokerage).
- Margin (Leverage): Up to 5x for intraday trading.
BlinkX vs Zerodha – Key Comparisons
| Feature | Zerodha | BlinkX |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX, NCDEX | NSE, BSE |
| Account Opening Charges | ₹0 | ₹0 |
| Demat AMC Charges | ₹300 | ₹300 (Free for 1st Year) |
| Equity Delivery Brokerage | ₹0 | ₹0 |
| Equity Intraday Brokerage | ₹20 per executed order or 0.03% (whichever is lower) | ₹0 |
| Equity Futures & Options | ₹20 per executed order | ₹0 |
| Trading Platforms | Kite Web, Kite Mobile | BlinkX Mobile App |
| Call & Trade Charges | ₹50 per executed order | ₹0 |
| Margin Trading Funding | Yes | Yes |
| Auto Square-off Charges | ₹50 per order | ₹0 |
| Research & Advisory | No | Yes |
| Referral Program | Yes | No |
Pros & Cons of Zerodha and BlinkX
Zerodha – Pros
✔ Largest broker with the highest active client base.
✔ Reliable & technologically advanced trading platform.
✔ ₹0 brokerage for equity delivery & direct mutual funds.
✔ Flat ₹20 per trade for intraday and F&O.
✔ NRI trading account available.
Zerodha – Cons
❌ No stock tips or research recommendations.
❌ Call & Trade and auto square-off charges apply.
❌ No unlimited trading plans.
BlinkX – Pros
✔ ₹0 brokerage on all segments with subscription plans.
✔ Free account opening & first-year AMC waiver.
✔ 24/7 live chat support for instant assistance.
✔ Advanced research and smart recommendations.
BlinkX – Cons
❌ Only mobile trading available (no web or desktop platform).
❌ No GTC or GTD orders in equity trading.
❌ No 3-in-1 account support.
Which Broker Should You Choose?
- If you prefer a well-established broker with advanced trading tools, Zerodha is a great choice.
- If you want a zero-brokerage model under subscription plans and value research & recommendations, BlinkX could be a better fit.
Final Verdict
Both brokers cater to different types of traders. Zerodha is ideal for active traders and investors looking for a robust trading experience, while BlinkX is suitable for cost-conscious traders who want a zero-brokerage experience with expert recommendations.
