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Zerodha vs ICICI Direct: which is cheaper?

Zerodha is cheaper for delivery, intraday, futures and options. They cost about the same (within ₹1) for currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Zerodha costs ₹237.82 and ICICI Direct ₹930.48 including taxes and the DP charge.

Checked 31 Oct 2026. Totals include 18% GST, STT, exchange and SEBI fees, stamp duty and the DP charge on delivery sells.

Who is cheaper, segment by segment

Each trade is one buy order and one sell order at the size shown.

Segment and tradeZerodhaICICI Direct MoneySaver (default)Cheaper
Equity delivery₹1 lakh buy + sell₹237.82₹930.48Zerodha by ₹692.66
Equity intraday₹1 lakh buy + sell₹82.68₹103.92Zerodha by ₹21.24
Equity futures₹10 lakh contract₹612.75₹1,249.95Zerodha by ₹637.20
Equity options₹10,000 premium, buy + sell₹70.91₹139.35Zerodha by ₹68.44
Currency futures₹85,000 contract, buy + sell₹48.19₹48.19About the same
Currency options₹1,000 premium₹47.94₹47.94About the same
Commodity futures₹6 lakh contract, buy + sell₹150.35₹150.35About the same
Commodity options₹10,000 premium₹62.39₹62.39About the same

Zerodha vs ICICI Direct on your own trade

Enter your own trade size. Totals include brokerage, 18% GST, STT, exchange and SEBI fees, stamp duty and, on delivery sells, the DP charge.

On this tradeZerodhaICICI DirectMoneySaver (default)
Brokerage₹0.00₹580.00
GST on brokerage₹0.00₹104.40
STT₹200.00₹200.00
Exchange and SEBI fees, with GST₹7.48₹7.48
Stamp duty₹15.00₹15.00
DP charge on the sell₹15.34₹23.60
Total₹237.82₹930.48

Zerodha is ₹692.66 cheaper on this trade.

Small and large trades

Flat-fee plans cost the same at any size; percentage and per-lot plans grow with the trade.

TradeZerodhaICICI DirectCheaper
Equity delivery₹10,000, buy + sell₹37.59₹114.29Zerodha by ₹76.70
Equity delivery₹5 lakh, buy + sell₹1,127.75₹4,558.01Zerodha by ₹3,430.26
Equity delivery₹25 lakh, buy + sell₹5,577.37₹22,695.63Zerodha by ₹17,118.26
Equity intraday₹5 lakh, buy + sell₹224.61₹519.61Zerodha by ₹295.00
Equity intraday₹25 lakh, buy + sell₹934.23₹2,598.03Zerodha by ₹1,663.80
Equity futures₹25 lakh contract, buy + sell₹1,461.07₹3,124.87Zerodha by ₹1,663.80
Equity options₹25,000 premium, 5 lots, buy + sell₹106.47₹637.47Zerodha by ₹531.00
Equity options₹1 lakh premium, 20 lots, buy + sell₹284.29₹2,549.89Zerodha by ₹2,265.60

Rate cards side by side

ChargeZerodhaICICI Direct MoneySaver (default)
Equity delivery₹00.29% of trade value
Equity intraday₹20 or 0.03% (whichever is lower)0.029% of trade value
Equity futures₹20 or 0.03% (whichever is lower)0.029% of trade value
Equity options₹20 per order₹49 per lot
Currency futures₹20 or 0.03% (whichever is lower)₹20 per order
Currency options₹20 per order₹20 per order
Commodity futures₹20 or 0.03% (whichever is lower)₹20 per order
Commodity options₹20 per order₹20 per order
DP charge per sell₹15.34₹23.60
Demat AMC₹300/yr (₹0 BSDA under ₹4L)₹700/yr

ICICI Direct also offers the iValue add-on plan, which changes some of these numbers. See every ICICI Direct plan.

Check before you choose

Zerodha

  • Accounts that break the 50% cash-margin rule pay ₹40, not ₹20, per intraday F&O order from 1 Apr 2026. A debit balance adds ₹20 per order.
  • Free delivery is for individuals only; HUFs, firms and companies pay 0.1% or ₹20.
  • Call & trade and auto square-off: ₹50 per order.

ICICI Direct

  • If you buy no plan you pay 0.29% on delivery, 0.029% on intraday and futures, and ₹49 per options lot.
  • One-time Prime plans bring delivery down to 0.25%–0.07%.
  • Call & trade ₹50 per order.

Common questions

Which is cheaper, Zerodha or ICICI Direct?

Zerodha is cheaper for delivery, intraday, futures and options. They cost about the same (within ₹1) for currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Zerodha costs ₹237.82 and ICICI Direct ₹930.48 including taxes and the DP charge. Rates checked 31 Oct 2026.

More comparisons

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