Is Zerodha free?

Zerodha fees
Overview of Zerodha fees and charges

It's safe to say that Zerodha's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Zerodha's fees

Zerodha Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee - Not available
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

Visit broker

Zerodha fees
Zerodha fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare Zerodha fees with its closest competitors, Sharekhan and Interactive Brokers.

Visit broker

Zerodha fees
Zerodha trading fees

Zerodha's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at Zerodha.

Trading fees

Zerodha's trading fees are low.

Stock fees and ETF fees

Zerodha has low stock trading fees.

Stock fees of a $2,000 trade
Zerodha Sharekhan Interactive Brokers
US stock - - $1.0
UK stock - - $4.2
German stock - - $3.6

Forex fees

Zerodha's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Zerodha Sharekhan Interactive Brokers
EURUSD benchmark fee - - $10.7
EURGBP benchmark fee - - $10.7

Fund fees

Zerodha fund fees are .

Fees of a $2,000 fund purchase
Zerodha Sharekhan Interactive Brokers
Mutual fund - - $15.0
EU mutual fund - - $4.4

Bond fees

Zerodha has bond fees.

Fees of a $10,000 bond trade
Zerodha Sharekhan Interactive Brokers
US Treasury bond - - $5.0
EU government bond - - $10.0

Options fees

Zerodha's options fees are .

Options fees for 10 contracts
Zerodha Sharekhan Interactive Brokers
US stock options - - $6.5
US stock index options - - $6.5
UK stock index options - - $23.8
German stock index options - - $13.2

Futures fees

Zerodha's futures fees are .

Stock index futures fees for 10 contracts
Zerodha Sharekhan Interactive Brokers
US micro e-mini stock index futures - - $2.5
UK stock index futures - - $23.8
German e-mini stock index futures - - $9.6

Visit broker

Zerodha fees
Zerodha non-trading fees

When it comes to non-trading fees, Zerodha is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Zerodha that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Zerodha stacks up in terms of non-trading fees
Zerodha Sharekhan Interactive Brokers
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee Yes Yes No

Visit broker

Zerodha fees
Zerodha deposit fee

Usually, brokers don't charge anything for deposits, and Zerodha is no different.

Zerodha deposit methods
Zerodha Sharekhan Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Deposit fee $0 $0 $0

Visit broker

Zerodha fees
Zerodha withdrawal fee

Zerodha generally doesn't charge a withdrawal fee.

Zerodha withdrawal fees and options compared
Zerodha Sharekhan Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets Yes No No
Withdrawal fee for bank transfer $0 $0 $0

Visit broker

Zerodha fees
Zerodha inactivity fee

Zerodha does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

Visit broker

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

Comments

×