Compare Zerodha and Tradingo – two leading discount brokers in India. Discover their brokerage fees, trading platforms, account charges, leverage, and research offerings to choose the best fit for your investment needs.
About Zerodha
Zerodha is India’s leading stockbroker, offering online flat fee discount brokerage services for Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Government Securities, and Direct Mutual Funds. With a strong reputation, Zerodha provides Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, Zerodha charges a flat Rs 20 or 0.03% per trade (whichever is lower), while Options trades have a flat fee of Rs 20 per executed order.
About Tradingo
Tradingo is an online trading platform powered by Swastika Investment Limited, a SEBI-registered financial service provider with a presence since 1992. As a discount broker, Tradingo offers transparent and affordable brokerage services for investors in the Indian stock market. It facilitates online trading with cost-effective transactions, covering Equity, F&O, Commodity, Currency, IPO, and Mutual Funds.
Zerodha Vs Tradingo – A Detailed Comparison
Company Overview
| Feature | Zerodha | Tradingo |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX, NCDEX |
| Year of Incorporation | 2010 | 2016 |
| Number of Branches | 22 | Multiple |
Account Opening Charges & AMC
| Feature | Zerodha | Tradingo |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC | Rs 300 | Rs 250 +GST (From 2nd Year) |
Brokerage Charges Comparison
| Segment | Zerodha | Tradingo |
|---|---|---|
| Equity Delivery | Rs 0 | Rs 20 per trade or 2.5% (whichever is lower) |
| Equity Intraday | Rs 20 per order or 0.03% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) |
| Equity Futures | Rs 20 per order or 0.03% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order or 0.03% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) |
| Currency Options | Rs 20 per order | Rs 20 per executed order |
| Commodity Futures | Rs 20 per order or 0.03% (whichever is lower) | Rs 20 per trade or 0.05% (whichever is lower) |
| Commodity Options | Rs 20 per order | Rs 20 per executed order |
Leverage (Margin) Comparison
| Feature | Zerodha | Tradingo |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Up to 5x | Up to 5x |
| F&O (Equity, Currency, Commodity) | 1x | 1x |
Trading Platforms
| Feature | Zerodha | Tradingo |
|---|---|---|
| Platforms | Kite Web, Kite Mobile, Coin | Tradingo, Justrade |
| Charting | Yes | Yes |
| Automated Trading | Yes | No |
| SMS Alerts | No | Yes |
| Online Portfolio | No | Yes |
| Margin Trading Funding | Yes | Yes |
Research & Reports
| Feature | Zerodha | Tradingo |
|---|---|---|
| Daily Market Report | No | Yes |
| Free Trading Tips | No | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Investor Type Suitability
| Investor Type | Zerodha | Tradingo |
|---|---|---|
| Casual Investor | Yes | No |
| Active Investor | Yes | Yes |
| Trader | Yes | Yes |
Zerodha Vs Tradingo – Pros & Cons
Zerodha Pros:
- Free account opening for users under 25.
- India’s leading broker with the highest number of active clients.
- Technologically advanced trading platforms.
- No brokerage on equity delivery and direct mutual funds.
- Flat Rs 20 brokerage per trade for other segments.
- Availability of Good Till Triggered (GTT) orders.
Zerodha Cons:
- No stock tips or research reports.
- Call & Trade service charges Rs 50 per order.
- No monthly unlimited trading plans.
- No 3-in-1 account option.
Tradingo Pros:
- Competitive pricing with discount and premium brokerage plans.
- Margin funding and high exposure.
- Multiple trading platforms, including ODIN and JUSTRADE.
- Strong research support with daily reports and free tips.
Tradingo Cons:
- No 3-in-1 account option.
- Call & Trade service incurs additional Rs 20 per order.
- Demat AMC charges applicable from the second year.
Final Verdict: Which Broker to Choose?
If you are an investor looking for a technologically advanced platform with zero brokerage on equity delivery and direct mutual funds, Zerodha is the ideal choice. However, if you prefer an all-in-one brokerage solution with research reports, free tips, and margin funding, Tradingo might be a better fit for your needs.
For cost-conscious traders focused on intraday and F&O trading, Zerodha’s flat Rs 20 per trade model remains one of the best options in the market, while Tradingo’s competitive pricing with a premium plan can be useful for investors seeking research-backed insights.
