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Compare Interactive Brokers vs Zerodha


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

Interactive Brokers vs Zerodha
overall rating
4.8 / 5.0
4.4 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Low fees
  • Great trading platforms
  • Solid research
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Slow account opening process
  • Only Indian market covered
  • No investor protection
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
5 stars
  • Low trading fees
  • No inactivity fee
  • INR 400 annual account fee
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
2 stars
  • No minimum deposit
  • Slow
  • Not fully digital
  • Only Indian citizens can open an account
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
4 stars
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Only one account base currency
  • Only bank withdrawal
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4 stars
  • User-friendly
  • Clear fee report
  • Good variety of order types
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
5 stars
  • User-friendly
  • Good search function
  • Modern design
  • Well designed application
  • No two-step (safer) login
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
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markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
1 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
5 stars
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Fees charged for many research tools
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
4 stars
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 availability
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
4 stars
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Regulated by top tier financial authority
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Traders who prefer low fees and a professional trading environment Beginners, traders, and investors focusing on the Indian market and preferring low fees