Best Zerodha Alternatives for 2021

What Zerodha Does Not Offer and Alternatives For Each

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 eToro or XTB.

When searching for a Zerodha alternative there are a few things you need to check. The Zerodha trading platform alternative that you decide upon needs to offer features and have trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of all 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 does not offer something 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 dont worry we have compiled a list of the best alternatives further below.

• 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 eToro

Rating	★★★☆☆ 3/5	★★★★☆ 4/5	★★★★☆ 4/5
💻 Trading Platforms	Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
📋 Instruments Available	5000	2000	4000
📈 Stocks Offerd	5000	2042	1696
💎 Cryptocurrency	No	Yes	Yes
💹 Forex Pairs	0	50	57
📈 Commodities	14	31	21
💰 Min Deposit	0	50	0
👱‍♂️ Used By	1,500,000 users	20,000,000 users	250,000 users
📆 Founded	2010	2007	2002
👮‍♂️ Regulation	Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange	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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🌍 HQ	India	Cyprus, UK	Poland
🚫 Excluded Countries		ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,	US, IN, PK, BD, NG , ID, BE, AU
Risk Warning	Your capital is at risk	67% of retail investor accounts lose money when trading CFDs with this provider.	74% 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.

If you want to see a more indepth feature by feature Zerodha alternative comparison, you can scroll further down here.

Zerodha Alternatives List

eToro

★★★★☆ (4/5)

Min deposit : 50

Visit eToro Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 20000000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

XTB

★★★★☆ (4/5)

Min deposit : 0

Visit XTB Read review

XTB was established in 2002 and is used by over 250000+ traders. 74% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Regulated by 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Read review

IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

AvaTrade

★★★★☆ (4/5)

Min deposit : 250

Visit AvaTrade Read review

AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

Roboforex

★★★★☆ (4/5)

Min deposit : 1

Visit Roboforex Read review

Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Regulated by Cyprus Securities and Exchange Commission (CySEC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Read review

Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

XM

★★★★☆ (4/5)

Min deposit : 5

Visit XM Read review

XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

FP Markets

★★★★☆ (4/5)

Min deposit : 100

Visit FP Markets Read review

FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

Plus500

★★★★☆ (4/5)

Min deposit : 100

Visit Plus500 Read review

Plus500 was established in 2008 and is used by over 15500+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.

Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546

FXPrimus

★★★★☆ (4/5)

Min deposit : 100

Visit FXPrimus Read review

FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)

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, 74% 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	50	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.	74% 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.