Best Zerodha Alternatives for 2021

What Zerodha Does Not Offer and Alternatives For Each

There are many reasons Zerodha may not be a good fit for your trading needs. For whatever reason you are looking for a better Zerodha alternative or Zerodha competitor with similar services. We try to give you as much useful information so you can find what it is you need. We show the best Zerodha alternatives below.

For each of these Zerodha alternatives, we also highlight the key differences and resemblances with Zerodha. For every Zerodha alternative trading platform we list we also have detailed trading platform reviews and guides elsewhere on this website, all based on real experiences trading on live Zerodha and other brokerage accounts. If you are not happy with Zerodha, let us show you some great alternative brokerages.

Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.

We have listed some reasons why Zerodha may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.

zerodha alternatives
Zerodha Summary

• Zerodha is used by over 1,500,000 users (Look here for Zerodha alternatives that are used by more traders)
• Zerodha has a minimum deposit of $0 (Look here for Zerodha alternatives that require less minimum deposit)
• Zerodha has a minimum trade requirement of varies (Look here for Zerodha alternatives that require a lower minimum trade)
• Zerodha has a maximum deposit of Varies (Look here for Zerodha alternatives that has a similar or greater maximum trade limit)
• Zerodha has 2 awards (Look here for Zerodha alternatives with more awards)

zerodha alternatives
Zerodha Tradable Financial Assets

• Zerodha offers traders over 5,000 tradable instruments (Look here for Zerodha alternatives offering a similar amount or more tradable instruments)
• Zerodha offers over 5,000 shares (Look here for Zerodha alternatives offering more tradable shares)
• Zerodha offers US Shares (Look here for Zerodha alternatives offering US Stocks and Shares)
• Zerodha does not offer UK Shares (Look here for Zerodha alternatives offering UK Stocks and shares)
• Zerodha does not offer German Shares (Look here for Zerodha alternatives offering German Stocks and shares)
• Zerodha does not offer Japanese Shares (Look here for Zerodha alternatives offering Japanese Stocks and shares)
• Zerodha offer Indices trading (Look here for Zerodha alternatives offering Indices trading)
• Zerodha offers 14 commodities (Look here for Zerodha alternatives offering more tradable commodities)
• Zerodha does not offer trading in metals (Look here for Zerodha alternatives offering metal commodities)
• Zerodha does not offer trading in energy commodities (Look here for Zerodha alternatives offering energy commodities)
• Zerodha does not offer trading in agricultural commodities (Look here for Zerodha alternatives offering agricultural commodities)
• Zerodha does not offer trading on the Forex markets (Look here for Zerodha alternatives offering Forex trading)
• Zerodha offers 0 Forex Pairs (Look here for Zerodha alternatives offering a similar amount or more Forex Pairs)
• Zerodha does not offer trading with Major Forex Pairs (Look here for Zerodha alternatives offering Major Forex Pairs trading)
• Zerodha does not offer trading with Minor Forex Pairs (Look here for Zerodha alternatives offering Minor Forex Pairs trading)
• Zerodha does not offer trading with Exotic Forex Pairs (Look here for Zerodha alternatives offering Exotic Forex Pairs trading)
• Zerodha does not offer trading in Cryptocurrencies (Look here for Zerodha alternatives offering cryptocurrency trading)
• Zerodha does not offer CFD trading (Look here for Zerodha alternatives offering CFD trading)
• Zerodha does not offer Social Trading (Look here for Zerodha alternatives offering Social Trading accounts)

zerodha alternatives
Zerodha Trading Account Features

• ECN accounts are not offered by Zerodha (Look here for Zerodha alternatives offering ECN accounts)
• STP accounts are offered by Zerodha (Look here for Zerodha alternatives offering STP 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 Micro accounts (Check here for Zerodha alternatives offering micro accounts)
• Zerodha does not offer VIP accounts (Check here for Zerodha alternatives offering VIP accounts)
• Zerodha does not offer Islamic accounts (Check here for Zerodha alternatives offering Islamic accounts)
• Zerodha does not offer Demo accounts (Check here for Zerodha alternatives offering Demo accounts)
• Zerodha does not offer Spread Betting accounts (Search for Spread Betting brokers here)
• Zerodha does not allow Scalping (See brokers for scalping here)

zerodha alternatives
Zerodha Risk Management Features

• Zerodha does allow hedging (See brokers for Hedging here)
• Zerodha does 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 offer limit orders (See Zerodha alternatives who offer limit orders here)
• Zerodha does not offer trailing stops (See Zerodha alternatives who offer trailing stops here)
• Zerodha does offer price alerts (See Zerodha alternatives who offer price alerts here)

zerodha alternatives
Zerodha Fees

• Zerodha does not have inactivity fees (See Zerodha alternatives who don’t have inactivity fees here)
• Zerodha does not have withdrawal fees (See Zerodha alternatives who don’t have withdrawal fees here)
• Zerodha does not have deposit fees (See Zerodha alternatives who don’t have deposit fees here)

zerodha alternatives
Zerodha Regulation

• Zerodha are not regulated by the FCA (Financial Conduct Authority) (Look here for Zerodha alternatives offering FCA regulated brokers)
• Zerodha are not regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for Zerodha alternatives offering CySEC regulated brokers)
• Zerodha are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for Zerodha alternatives offering MiFID regulated brokers)
• Zerodha are not regulated by the ASIC (Australian Securities and Investments Commission) (Look here for Zerodha alternatives offering ASIC regulated brokers)
• Zerodha are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for Zerodha alternatives offering FSCA regulated brokers)
• Zerodha are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for Zerodha alternatives offering DFSA regulated brokers)
• Zerodha are not regulated by the MAS (Monetary Authority of Singapore) (Look here for Zerodha alternatives offering MAS regulated brokers)
• Zerodha are not regulated by the FSA (Financial Services Authority) (Look here for Zerodha alternatives offering FSA regulated brokers)

zerodha alternatives
Zerodha Desktop Computer and Mobile Device Support

• Zerodha Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See Zerodha alternatives that offer an online trading platform here)
• Zerodha does not offer a bespoke application for Microsoft Windows Desktop computers (See Zerodha alternatives that support desktop Windows users here)
• Zerodha does not offer a bespoke application for Apple Mac Desktop computers (See Zerodha alternatives that support desktop Apple Mac users here)
• Zerodha does not offer a bespoke application for mobile devices (See Zerodha alternatives that support mobile device users here)
• Zerodha does offer a bespoke application for IOS Devices (See Zerodha alternatives for IOS users here)
• Zerodha does offer a bespoke application for Android Devices (See Zerodha alternatives for Android users here)
• Zerodha does not offer live chat support (See Zerodha alternatives that offer live chat support here)

Below is an extensive list of the best alternatives to Zerodha based on our unique 256 point criteria.

Top alternative for Zerodha is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to Zerodha. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If Zerodha or eToro are not what you are looking for try XTB.

With Zerodha, Your capital is at risk

With eToro, 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

With XTB, Losses can exceed deposits

Top Pick 2 4/5 rating

XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)

Here are some of the key reasons why traders choose eToro and XTB over Zerodha

	eToro	XTB	IC Markets
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	200	0	200
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits
	Visit eToro	Visit XTB	Visit IC Markets

If you want to read more about eToro, we have put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.

If eToro does not match your criteria, have a look at the 10 best Zerodha alternatives below.