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Indmoney vs HDFC sky vs Zerodha

In this article, we will review ‘Indmoney vs HDFC sky vs Zerodha‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.


Company Overview

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Company name Indmoney- Finzoom Investment Advisors Private Limited HDFC Sky Zerodha
Headquarters Gurugram, Haryana Mumbai Bengaluru
Founder Ashish Kashyap Dhiraj Relli Nithin Kamath
Establishment Year 2019 2023 15 August 2010

Account opening & AMC

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0 ₹0 ₹200
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0 ₹20 / Month (Free for first year) ₹0

Pledge Charges

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Pledge Creation Charges Does not provide ₹20 ₹30 + GST per pledge request
Pledge Invocation Charges Does not provide ₹20 ₹0
Interest on Margin Trading Does not provide 12% 0.035% per day (equivalent to 12.775% p.a.)
Margin Re-Pledge Does not provide ₹20 ₹0

Brokerage charges & Fees

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Brokerage Plan Standard Standard Standard
Equity Delivery Charges ₹20 or 0.05% whichever is lower ₹20 or 0.1% (Whichever is Lower) ₹0
Equity Intraday Charges ₹20 or 0.05% whichever is lower ₹20 or 0.1% (Whichever is Lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges Flat ₹20 per executed order ₹20 or 0.1% (whichever is lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges Flat ₹20 per executed order ₹20 / Order Flat ₹20 per executed order
Currency Futures charges Does not offer ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges Does not offer ₹20 / Order Flat ₹20 per executed order
Commodity Futures charges Does not offer ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges Does not offer ₹20 / Order ₹20 per executed order

Customer services offered

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Demat Services ✅Yes ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes ✅Yes
Share Pledging ⛔No ✅Yes ✅Yes
NRI Services ⛔No ✅Yes ✅Yes
Referral Program ✅Yes ✅Yes ✅Yes

Customer Support

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Call Support 07314852049 022-39019400 080 47181888
Email Support instockssupport@indmoney.com customercare@hdfcsec.com renu.pd@zerodha.com (10AM - 5PM)
Whatsapp Support ⛔No ⛔No ⛔No
Website Support ✅Yes, Create ticket FAQs only ✅Yes, create ticket

Leverage (Margin) Offered

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage No leverage available; you need the full purchase value in your account. Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage Does not offer No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage Does not offer No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage Does not offer No leverage available; requires full margin upfront No leverage available; requires full margin upfront

Unique Offerings

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Free Account Opening ✅Yes ✅Yes ⛔No
Free Brokerage ✅Yes, IPOs & Mutual Funds only On Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes ⛔No ✅Yes
Free Equity Delivery ⛔No ⛔No ✅Yes
Free F&O Trading ⛔No ⛔No ⛔No
Free Intraday Trading ⛔No ⛔No ⛔No
Free Trading calls ⛔No ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No ⛔No
Flexible Brokerage Plans ✅Yes ⛔No ⛔No
Referral Offers ✅Yes ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ⛔No ✅Yes ✅Yes
Brokerage Cashback ⛔No ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No ⛔No
Relationship Manager ⛔No ⛔No ⛔No

Services Provided

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Equity Delivery ✅Yes ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes ✅Yes
Currency Futures ⛔No ⛔No ✅Yes
Currency Options ⛔No ⛔No ✅Yes
Commodity Futures ⛔No ⛔No ✅Yes
Commodity Options ⛔No ⛔No ✅Yes
Foreign Stocks ✅Yes ✅Yes, US stocks ⛔No
Mutual Funds ✅Yes ✅Yes ✅Yes
Banking ⛔No ⛔No ⛔No
Insurance ⛔No ⛔No ⛔No
Corporate Bonds ⛔No ⛔No ⛔No
Govt. Bonds ⛔No ⛔No ⛔No
Digital Gold ⛔No ⛔No ⛔No

Order Types

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Market Order ✅Yes ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes ✅Yes
Bracket Order ✅Yes ⛔No ✅Yes
Cover Order ✅Yes ⛔No ✅Yes
After Market Order (AMO) ✅Yes ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No ⛔No ⛔No

Research & Reports

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Annual Reports ✅Yes ✅Yes ✅Yes, powered by Tickertape
Company Reports ✅Yes ✅Yes ✅Yes, powered by Tickertape
Research Reports ⛔No ⛔No ✅Yes, powered by Tickertape
Fundamental Reports ✅Yes ✅Yes ✅Yes, powered by Tickertape
IPO Reports ✅Yes ✅Yes ✅Yes
Technical Reports ✅Yes ⛔No ✅Yes, powered by Streak
Stock tips ⛔No ⛔No ⛔No
Daily Market Review ✅Yes ✅Yes ⛔No
Monthly Review ✅Yes ✅Yes ⛔No
Weekly Review ✅Yes ✅Yes ⛔No
Robo Advisory ⛔No ⛔No ⛔No

STT & CTT Charges

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Equity Delivery STT & CTT 0.1% on buy & sell 0.1% on Buy & Sell 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on sell transactions 0.025% on the sell side 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on sell side 0.0125% on the sell side 0.0125% on the sell side
Equity Options STT & CTT 0.0625% on sell side (on premium) 0.0625% on sell side (on premium) 0.0625% on sell side (on premium)
Currency Futures STT & CTT ⛔ Does not offer ⛔ Does not offer No STT
Currency Options STT & CTT ⛔ Does not offer ⛔ Does not offer No STT
Commodity Futures STT & CTT ⛔ Does not offer ⛔ Does not offer 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT ⛔ Does not offer ⛔ Does not offer 0.05% on sell side

Trading Features

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Watchlist ✅Yes ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes ✅Yes
Global indices ✅Yes ⛔No ⛔No
Customized Recommendations ⛔No ⛔No ⛔No
Advanced charting ⛔No ⛔No ✅Yes
Live market ✅Yes ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No ⛔No
Secure Platform ✅Yes ✅Yes ✅Yes

Trading Platforms

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Android App ✅Yes ✅Yes ✅Yes
iOS App ✅Yes ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes ✅Yes
Trading Terminal ⛔No ⛔No ✅Yes
Algo Trading Platform ⛔No ⛔No ✅Yes
Foreign Stocks Trading Platform ✅Yes ✅Yes, US stocks only ⛔No
Basket Trading Platform ⛔No ⛔No ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No ⛔No

Transaction Charges

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero) NSE: 0.00230% NSE: 0.0019% | BSE: 0
Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (on premium) NSE: 0.056% (on premium) NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
Currency Futures Transaction Charges Does not offer Does not offer 0.0009%
Currency Options Transaction Charges Does not offer Does not offer NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges Does not offer Does not offer Exchange txn charge: 0.0026%
Commodity Options Transaction Charges Does not offer Does not offer Exchange txn charge: 0.05%

Stamp Duty charges

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
Equity Delivery Stamp Duty 0.015% Buy 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% Buy 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty ⛔ Does not offer ⛔ Does not offer 0.0001% or ₹10 / crore on buy side
Currency Options Stamp Duty ⛔ Does not offer ⛔ Does not offer 0.0001% or ₹10 / crore on buy side
Commodity Futures Stamp Duty ⛔ Does not offer ⛔ Does not offer 0.002% or ₹200 / crore on buy side
Commodity Options Stamp Duty ⛔ Does not offer ⛔ Does not offer 0.003% or ₹300 / crore on buy side

Other Charges

Indmoney review with ChargesHDFC Sky review India: Brokerage chargesZerodha Trading App Review 2024
SEBI Turnover Charges ₹10/Crore (For all segments) ₹10 / crore ₹10 / crore
DP Charges ₹13.5/scrip ₹20 ₹13.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (brokerage + transaction charges + Demat) 18% 18% of (Brokerage + Transaction charges + Demat)
Account Closure Charges Free Free Free
Reactivation Charges Free Free Free
Dematerialization Charges ₹250 per certificate ₹50 / Share Certificate + Courier Charges ₹150 per share certificate, ₹100 courier charges, + 18% GST
Call and Trade charges ₹ 500 per order ₹20 / Call ₹50 per order
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