Zerodha vs IDBI Direct – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of Zerodha vs IDBI Direct. Zerodha is the only banking broker known to offer great deals to its clients like happy hour trading, free demat account & more while IDBI Direct is one banking broker which is totally against any kind of marketing gimmick.

This comparison between Zerodha & IDBI Direct is a neck to neck affair. Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Zerodha vs IDBI Direct

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This Zerodha & IDBI Direct comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare IDBI DirectZerodha

Overview of Zerodha & IDBI Direct

Overview Zerodha IDBI Direct
Company Type Private Private
Broker Type Discount Broker Full Service Broker
Headquarters Bangalore, India Mumbai, Maharashtra
Founder Nithin Kamath Gurudeo M. Yadwadkar & Rakesh Sethi
Established Year 2010 2006

Zerodha vs IDBI Direct Customer Ratings Comparison

Customer Ratings Zerodha IDBI Direct
Experience 5.7/10 6.2/10
Products & Services 8.5/10 6.0/10
Brokerage Charges & Fees 9.5/10 6.3/10
Stock Research & Advisory 4.0/10 6.1/10
Trading Platforms 9.0/10 6.0/10
Overall Ratings 7.4/10 6.1/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 1865 157

Zerodha vs IDBI Direct Demat Account Comparison

Demat Services Zerodha IDBI Direct
Depository Source CDSL CDSL & NSDL
Account Opening Charges Rs.300 Free
Demat AMC Charges Rs.300 per Annum Rs.350 per Annum
Trading AMC Charges Free Free
Margin Money Zero Rs.10,000
Offline to Online No R

IDBI Direct vs Zerodha Brokerage Charges Comparison

Brokerage Charge & Fees Zerodha IDBI Direct
Equity Delivery Trading Zero 0.05% – 0.35%
Equity Intraday Trading Rs.20 0.01% – 0.04%
Commodity Options Trading Rs.20 0.01% – 0.04%
Equity Futures Trading Rs.20 0.01% – 0.04%
Equity Options Trading Rs.20 per Lot Rs.10 – Rs.60 per lot
Currency Futures Trading Rs.20 0.01% – 0.04%
Currency Options Trading Rs.20 per Lot Rs.10 – Rs.60 per lot
Minimum Brokerage Zero Rs.20 per executed order
Demat AMC Charges Rs.300 per Annum Rs.350
Trading AMC Charges Free Free
Margin Money Zero Rs.10,000
Brokerage Calculator Zerodha Brokerage Calculator

IDBI Direct & Zerodha Other Charges Comparison

Other Charges Zerodha IDBI Direct
Transaction Charges 0.00325% of Total Turnover 0.00312% of Total TurSver
STT 0.0126% of Total Turnover 0.0126% of Total TurSver
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total TurSver
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare IDBI Direct & Zerodha Offers

Offers Zerodha IDBI Direct
Free Demat Account R
Free Trading Account R
Discount on Brokerage R
Trading Happy Hours S
Flexible Brokerage Plans R
1 Month Brokerage Free S
Holiday Offers R
Referral Offers S
Zero Brokerage for Loss Making Trades S

Compare Services of Zerodha vs IDBI Direct

Services Zerodha IDBI Direct
Demat Services R
Trading Services R
3 in 1 Acount R
Intraday Services R
IPO Services R
Stock Recommendations R
Robo Advisory S
PMS S
Trading Institution S
Trading Exposure Upto 28x Upto 15X

Compare IDBI Direct & Zerodha Research & Advisory

Research & Advisory Zerodha IDBI Direct
Fundamental Reports R
Research Reports R
Company Reports S
Annual Reports S
Company Stock Review R
Free Stock Tips R
IPO Reports R
Top Picks R
Daily Market Review R
Monthly Reports S
Weekly Reports R
Offline Advisory R
Relationship Manager R

Zerodha vs IDBI Direct Exposure/Leverage

Exposure / Leverage Zerodha IDBI Direct
Equity Delivery Upto 20x Upto 3X
Equity Intraday Upto 28x Upto 15X
Equity Futures Upto 15x Upto 3X
Equity Options Upto 8x Upto 5X
Currency Futures Upto 12x Upto 2X
Currency Options Upto 8x Upto 2X
Commodities Upto 17x Upto 2X
Margin Calculator

Zerodha vs IDBI Direct Product Comparison

Products Zerodha IDBI Direct
Equity Trading R
Commodity Trading R
Currency Trading R
Options R
Futures R
Mutual Funds R
Forex S
Banking R
SIP R
Insurance S

Zerodha vs IDBI Direct Trading Platform Comparison

Trading Platforms Zerodha IDBI Direct
Desktop Platform – Windows R
Desktop Platform – Mac R
Desktop Browser Platform R
Mobile Site Platform S
Android App Platform R
iOS App Platform R
Windows App Platform S
Other Mobile OS Platform S
Real time Updates R
Portfolio Details R
Online MF Buy R
News Flash R
Research Reports S
Easy Installation R
Global Indices R
Stock Tips S
Personalized Advisory S
Interactive Charts R
Live Markets R
SMS Alerts S
Email Alerts R
Multi Account Management S

Zerodha vs IDBI Direct Customer Support

Customer Support Zerodha IDBI Direct
Dedicated Dealer R
Offline Trading R
Online Trading R
24*7 Support S
Email Support R
Chat Support S
Toll Free Number S
Branches Zero 225

Zerodha vs IDBI Direct Customer Complaints

Complaints (Current Year) Zerodha IDBI Direct
Lodged in BSE 120 46
Resolved in BSE 117 42
Lodged in NSE 89 65
Resolved in NSE 85 59

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