Compare IC Markets vs Zerodha


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against Zerodha!

IC Markets vs Zerodha
overall rating
4.4
4.2
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Low fees
  • Great trading platforms
  • Solid research
overall cons
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
  • Slow account opening process
  • Only Indian market covered
  • No investor protection
fees
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
4.8
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • Account opening and maintenance charges
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
1.8
  • No minimum deposit
  • Slow
  • Not fully digital
  • Only Indian citizens accepted
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
2.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
3.8
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
4.3
  • User-friendly
  • Good variety of order types
  • Price alerts
  • No two-step (safer) login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
2.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Fees charged for many research tools
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options Traders and investors (including beginners) focusing on the Indian market and looking for low fees
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