Interactive Brokers vs Zerodha Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

About Zerodha

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. Zerodha demat and trading account Review.webp

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be

Interactive Brokers vs Zerodha Account Opening Charges: 2024

ChargeInteractive BrokersZerodha
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0₹200 (Equity) + Rs.100 (Commodity)
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹0 ₹300 per year

Interactive Brokers vs Zerodha Brokerage Charges and Plans : 2024

ChargeInteractive BrokersZerodha
Plan NameN/AFlat Brokerage Plan
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order₹0 (Free)
Equity IntradayMinimum ₹6 and Upto ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity FuturesMinimum ₹6 and Upto ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity OptionsMinimum ₹6 and Upto ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency FuturesMinimum ₹6 and Upto ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Currency OptionsMinimum ₹6 and Upto ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity OptionsN/AFlat ₹20 or 0.03% (whichever is lower) per executed order
Mutual FundN/A₹0 (Free Unlimited Direct MF)

Interactive Brokers vs Zerodha Margin / Exposure: 2024

SegmentInteractive BrokersZerodha
Equity DeliveryN/A1x (no margin)
Equity IntradayN/AUp to 20x (based on the stock)
Equity FutureN/AIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsN/AIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency FutureN/AIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsN/AIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity FutureN/AIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity OptionsN/AN/A

Interactive Brokers vs Zerodha Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹20 per executed order for Currency Options whereas Zerodha Charges Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency futures and Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency options.
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Frequently Asked Questions or FAQs

Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.

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