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 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
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.
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
Charge | Interactive Brokers | Zerodha |
---|---|---|
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 |
Charge | Interactive Brokers | Zerodha |
---|---|---|
Plan Name | N/A | Flat Brokerage Plan |
Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | ₹0 (Free) |
Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Options | Minimum ₹6 and Upto ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Currency Options | Minimum ₹6 and Upto ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Commodity Options | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Segment | Interactive Brokers | Zerodha |
---|---|---|
Equity Delivery | N/A | 1x (no margin) |
Equity Intraday | N/A | Up to 20x (based on the stock) |
Equity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Equity Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Commodity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Commodity Options | N/A | N/A |
Interactive Brokers | Zerodha |
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