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 other brokers do charge for, or they only charge a small amount. This means that you can use Zerodha even in case you trade frequently like multiple times a week or daily.

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 tech fund fee - Not available
Inactivity fee Low No inactivity fee

Zerodha fees
Zerodha fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that 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 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

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

Zerodha fees
Zerodha trading fees

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

Let's break down the trading fees into 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 - - $7.2
German stock - - $4.4

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 - - $17.9
EURGBP benchmark fee - - $13.0

Fund fees

Zerodha fund fees are .

A $2,000 fund buy fees
Zerodha Sharekhan Interactive Brokers
Mutual fund - - $15.0
EU mutual fund - - $4.4

Bond fees

Zerodha has bond fees.

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

Options fees

Zerodha's options fees are .

Stock index options fees of 10 contracts
Zerodha Sharekhan Interactive Brokers
US stock index options - - $6.5
UK stock index options - - $20.4
German stock index options - - $12.1

Futures fees

Zerodha's futures fees are .

Stock index futures fee of 10 contracts
Zerodha Sharekhan Interactive Brokers
US stock index futures - - $2.5
UK stock index futures - - $20.4
German stock index futures - - $8.8

Financing rates

Zerodha financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Zerodha yearly financing rates
Zerodha Sharekhan Interactive Brokers
Apple CFD financing rate - - 4.3%
Vodafone CFD financing rate - - 1.7%
EURUSD financing rate - - 3.7%
EURGBP financing rate - - 2.3%

Zerodha fees
Zerodha non-trading fees

When it comes to looking at all the non-trading fees Zerodha is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Zerodha that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

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

Zerodha fees
Zerodha deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Zerodha is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Zerodha offers.

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

Zerodha fees
Zerodha withdrawal fee

Unlike the majority of the online brokers we have reviewed Zerodha does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

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 with bank transfer $0 $0 $0

Zerodha fees
Zerodha inactivity fee

Zerodha does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Ádám Nasli

Ádám Nasli

Broker Expert

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.

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