Zerodha Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If Zerodha does not match your requirements we explain the top Zerodha alternatives and Zerodha competitors in this guide.
The best alternative for Zerodha is IC Markets or Roboforex.
When searching for a Zerodha alternative, there are a few things you need to check. The Zerodha trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top Zerodha alternatives and competitors feature by feature further below this Zerodha alternatives guide.
If you are looking for a trading platform that offers similar features to Zerodha or Zerodha. Or if you are looking for features that Zerodha does not offer that you require when trading, we will show you the best Zerodha alternative options below.
We highlight the pros and cons of each Zerodha alternative. Maybe you are looking for better customer service from a Zerodha alternative or more competitive Zerodha fees and more financial instruments to trade.
We have listed some reasons why Zerodha may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- Zerodha does not offer negative balance protection (See Zerodha alternatives who offer negative balance protection here)
- Zerodha does not offer Guaranteed Stop Loss (See Zerodha alternatives who offer Guaranteed Stop Loss here)
- Zerodha does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by Zerodha (Look here for Zerodha alternatives offering ECN accounts)
- Zerodha does not offer MT4 (See Zerodha alternatives offering the MT4 trading platform here)
- MT5 is not offered by Zerodha (find Zerodha alternatives that offer the MT5 trading platform here)
- cTrader is not offered by Zerodha (find Zerodha alternatives offering the cTrader trading platform here)
- Zerodha does not offer Islamic accounts (Check here for Zerodha alternatives offering Islamic accounts)
Top Zerodha Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Kite Trading platform, Console Backoffice, Kite Connect Trading APIs, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 5000 | 2250 | 12000 |
| 📈 Stocks Offered | 5000 | 2100 | 0 |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 0 | 61 | 35 |
| 📈 Commodities | 14 | 20 | 21 |
| 💰 Min Deposit | 0 | 200 | 10 |
| 👱♂️ Used By | 1,500,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2010 | 2007 | 2009 |
| 👮♂️ Regulation | PFRDA (Pension Fund Regulatory and Development Authority) (POP319072020), SEBI Registration (INZ000031633 CDSL/NSDL) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | India | Australia | Belize |
| 🚫 Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature Zerodha alternative comparison, you can scroll further down here.
