Zerodha vs Share.Market – Compare India’s leading discount brokers. Zerodha, a trusted name since 2010, offers advanced trading tools with flat Rs 20 brokerage on intraday and F&O. Share.Market, launched by PhonePe in 2023, provides zero brokerage across all segments until March 2025 and innovative investment options like WealthBaskets. Explore their features, charges, and offerings to find the best fit for your trading needs.
About Zerodha
Zerodha is India’s largest and most reputed discount broker. Established in 2010, it has gained a strong presence in online brokerage services, offering investments in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Government Securities, and Direct Mutual Funds. Zerodha follows a flat fee brokerage model with zero brokerage on equity delivery trades and direct mutual funds. For intraday and futures trading, it charges Rs 20 or 0.03% (whichever is lower) per trade, while options trading costs a flat Rs 20 per executed order.
About Share.Market
Share.Market, launched in August 2023, is a stock trading platform by PhonePe Wealth Broking Private Limited, a subsidiary of PhonePe Pvt Ltd. This platform enables users to trade in stocks, ETFs, Futures & Options (F&O), and WealthBaskets. Share.Market differentiates itself with an innovative approach, integrating market insights and wealth management tools for investors. It currently offers zero brokerage across all segments till 31st March 2025, making it an attractive option for cost-conscious traders.
Zerodha Vs Share.Market: Key Differences
| Exchange Membership | Zerodha | Share.Market |
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX and NCDEX | BSE, NSE |
| Year of Incorporation | 2010 | 2023 |
| Number of Branches | 22 | 0 |
Account Opening & AMC Charges Comparison
| Features | Zerodha | Share.Market |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (free) |
| Demat Account AMC Charges | Rs 300 | Rs 180 (free for 1st year) |
Brokerage Charges Comparison
| Account Type | Zerodha | Share.Market (Zero Brokerage Till 31st Mar 2025) |
|---|---|---|
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or 0.03% (whichever is lower) | Rs 0 (Free) |
| Equity Futures | Rs 20 per executed order or 0.03% (whichever is lower) | Rs 0 (Free) |
| Equity Options | Rs 20 per executed order | Rs 0 (Free) |
Leverage (Margin) Comparison
| Trading Type | Zerodha | Share.Market |
|---|---|---|
| Equity Delivery | 100% (1x leverage) | 100% (1x leverage) |
| Equity Intraday | Up to 20% (5x leverage) | Up to 20% (5x leverage) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin (1x leverage) | 100% of NRML margin (1x leverage) |
Trading Platforms & Features
| Features | Zerodha | Share.Market |
|---|---|---|
| Trading Platform | Kite Web, Kite Mobile, Coin | Share.Market Website & App |
| Automated Trading | Yes | No |
| Online Portfolio | No | Yes |
| Margin Trading Funding | Yes | No |
| Referral Program | Yes | No |
Research & Reports Comparison
| Features | Zerodha | Share.Market |
|---|---|---|
| Daily Market Report | No | Yes |
| News Alerts | No | Yes |
| Quarterly Result Analysis | No | No |
Investment Options Comparison
| Investment Options | Zerodha | Share.Market |
|---|---|---|
| Stock/Equity | Yes | Yes |
| Commodity | Yes | No |
| Currency | Yes | No |
| IPO | Yes | Yes |
| Mutual Funds | Yes | Yes |
| WealthBaskets | No | Yes |
Pros & Cons
Zerodha
Pros:
- India’s leading discount broker with a large client base.
- Zero brokerage on equity delivery and mutual funds.
- Flat Rs 20 per trade for intraday and F&O.
- Advanced trading platforms with seamless experience.
- Good Till Triggered (GTT) orders are available.
Cons:
- No stock tips or research reports.
- Call & Trade facility costs extra.
- No 3-in-1 account or unlimited trading plans.
Share.Market
Pros:
- Zero brokerage across all segments till 31st March 2025.
- Integrated with PhonePe, making it accessible to millions.
- Offers WealthBaskets, an investment tool that combines multiple stocks.
- Advanced tracking and research tools.
Cons:
- Limited range of mutual funds compared to competitors.
- No commodity or currency trading.
- No margin against shares or automated trading.
- New platform with fewer features than established brokers like Zerodha.
Which One to Choose?
- Choose Zerodha if you prefer a well-established broker with advanced trading tools, reliability, and a strong customer base.
- Choose Share.Market if you want to benefit from zero brokerage till March 2025, especially for intraday and F&O trading, or if you’re looking for WealthBaskets.
Final Verdict
Zerodha remains the dominant player in the Indian brokerage industry with a solid reputation, whereas Share.Market is a promising new entrant leveraging PhonePe’s reach. If you prioritize proven reliability and advanced trading tools, Zerodha is the better choice. However, if zero brokerage and unique investment products appeal to you, Share.Market is worth considering.
