Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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About Indiabulls Securities
Incorporated on October 30, 2003, Indiabulls Securities Limited (ISL), formerly known as Dhani Stocks Limited, is registered with SEBI as both a Stock Broker (INZ000036136) and a Depository Participant (IN-DP-423-2019).
Indiabulls Securities Limited offers the user-friendly yet powerful and feature-rich online trading platforms (Power Indiabulls Desktop software, Web and Indiabulls Securities App).
ISL offers a wide range of financial and investment services tailored to meet the needs of individ... 
About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed o...
Incorporated in 2003, Indiabulls Securities is a Discount Broker. It offers trading at BSE, NSE and MCX. It has branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE and MCX | NSE, BSE, MCX and NCDEX |
| Year of Incorporation | 2003 | 2010 |
| Number of Branches | 22 | |
| Open Indiabulls Securities Account | Open Zerodha Account |
Indiabulls Securities trading account opening charges is Free (NIL) while Zerodha account opening changes is Rs 0. Indiabulls Securities Demat Account AMC Charges is Rs 300 and Zerodha Demat Account AMC Charges is Rs 300.
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Trading Account Opening Charges | Free (NIL) | Rs 0 |
| Trading Account AMC Charges | Rs 0 (Free) | |
| Demat Account Opening Charges | Free (NIL) | Rs 0 |
| Demat Account AMC Charges | Rs 300 | Rs 300 |
Indiabulls Securities brokerage charges for equity is Rs 11 per order or 2.5% whichever is lower and intraday is Rs 11 per order or 2.5% whichever is lower whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.
| Account Type | Indiabulls Securities Flat Fee Plan | Zerodha Flat Brokerage Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | Rs 11 per order or 2.5% whichever is lower | Rs 0 (Free) |
| Equity Intraday | Rs 11 per order or 2.5% whichever is lower | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | Rs 11 per Executed order | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 11 per Executed order | Rs 20 per executed order |
| Currency Futures | Rs 11 per Executed order | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 11 per Executed order | Rs 20 per executed order |
| Commodity Futures | Rs 11 per Executed order | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 11 per Executed order | Rs 20 per executed order |
| Special Offer | Special Offer: Trade at ₹11 per executed order across all segments. Enjoy low-cost investing in Equity Delivery, Intraday, F&O, Currency, and Commodities.
Open an instant account (FREE) with Indiabulls Securities and start trading today. | Special Offer: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Minimum Brokerage | Rs 11 | 0.03% in Intraday and F&O |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
| Call & Trade Charges | Rs 50 | Rs 50 per executed order |
| Open Indiabulls Securities Account | Open Zerodha Account |
Indiabulls Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Indiabulls Securities Account | Open Zerodha Account |
The trading platforms offered Indiabulls Securities include Indiabulls Securities App, Power Indiabulls Web & Power Indiabulls. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.
| Indiabulls Securities | Zerodha | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Indiabulls Securities App, Power Indiabulls Web & Power Indiabulls | Kite Web, Kite Mobile for Android/iOS and Coin |
| Intraday Square-off Time | 3:15 PM | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Open Indiabulls Securities Account | Open Zerodha Account |
Indiabulls Securities is rated of 5 based on 50 customer reviews whereas Zerodha is rated of 5 based on 491 customer reviews.
| Indiabulls Securities | Zerodha | |
|---|---|---|
50 Customer Reviews  | 491 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  | |
| Customer Service |  | |
| Research Capabilities |  |  |
| Overall Rating |  | |
| Broker Rating | Indiabulls Securities is Rated 3.2 / 5 based on 50 customer reviews | Zerodha is Rated 3.6 / 5 based on 491 customer reviews |
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Contact Broker | Trade at ₹11 per executed order across all segments. Enjoy low-cost investing in Equity Delivery, Intraday, F&O, Currency, and Commodities.
Open an instant account (FREE) with Indiabulls Securities and start trading today. | Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Indiabulls Securities Account | Open Zerodha Account |
| Indiabulls Securities | Zerodha | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Indiabulls Securities | Zerodha | |
|---|---|---|
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| Promo / Offers | Indiabulls Securities Special Offer₹11 brokerage on trades across all segments
Open your instant Indiabulls account online and start trading today. | Zerodha Special OfferFree Stock Trading and Mutual Funds
Limited-time offer! |
| Open Indiabulls Securities Account | Open Zerodha Account |
Open Indiabulls Securities Account