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Built for final-shortlist moments: select brokers, scan the trade-offs, then open the profile for deeper source notes.
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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field | ![]() | |
|---|---|---|
Decision summary | ||
| Overall score | 88 | 91 |
| Trust score | 88 | 100 |
| Cost score | 91 | 92 |
| Platform score | 86 | 94 |
| Withdrawal score | 82 | 89 |
| Best for | Best for India residents and eligible NRIs seeking low-cost access to Indian listed securities, derivatives, mutual funds, ETFs, bonds/G-Secs, IPOs and commodities; not a CFD/spot… | Best suited for U.S.-centric investors and active traders who want a large, bank-affiliated multi-asset brokerage with $0 online listed stock/ETF commissions, strong platform dept… |
| Watch out | Services are India/NRI focused and restricted by FATF/jurisdiction rules · No CFD/spot-FX products; spread and negative-balance-protection fields are not applicable · Investor com… | Needs verification |
Trust & regulation | ||
| Regulators | Regulated by SEBI as stock/commodity broker and CDSL depository participant; trading member of NSE, BSE and MCX. Source | SEC; FINRA; SIPC; CFTC; NFA; FDIC Source |
| License numbers | INZ000031633; INZ000038238; MCX 46025; IN-DP-431-2019; CIN U65929KA2018PLC116815 Source | Charles Schwab & Co., Inc. CRD 5393; SEC 801-29938 and 8-16514 Source |
| Regulated entities | Zerodha Broking Limited; Zerodha Commodities Private Limited Source | Charles Schwab & Co., Inc.; Charles Schwab Futures and Forex LLC; Charles Schwab Bank, SSB; Charles Schwab Premier Bank, SSB Source |
| Negative balance protection | No CFD-style negative balance protection; debit balances can incur 0.05% per day delayed-payment charges. Source | Not disclosed as retail brokerage negative balance protection; futures/forex are leveraged and losses may exceed initial investment. Source |
| Investor compensation | Indian exchange/SEBI investor grievance and ICF references found, but exact investor compensation scheme/limit was not disclosed on the reviewed Zerodha pages. Source | SIPC protection up to $500,000 including a $250,000 cash limit for brokerage account assets; futures accounts are not protected by SIPC. Source |
| Restricted countries | Resident/online service is India-focused; FATF blacklisted countries prohibited for NRI accounts; FATF greylisted countries require compliance approval. Source | Not all products, services, or investments are available in all countries; Schwab is not registered outside the United States and products/services may not be registered in a user's jurisdiction. Source |
Costs & account conditions | ||
| Minimum deposit | No minimum balance; practical transfer minimums: UPI ₹1, internet banking ₹50, IMPS/NEFT/RTGS >₹1. Source | $0 minimum for standard U.S. brokerage and IRA accounts; Schwab One International accounts require a minimum deposit but amount is not disclosed in checked official pages. Source |
| Spread from | Not applicable: Zerodha is an Indian exchange-traded securities/derivatives broker, not a CFD/spot-FX spread broker. Source | Not applicable to this stock/ETF investment broker profile; no CFD/FX spread schedule identified as a core product in reviewed sources. Source |
| Commission | ₹0 equity delivery/direct MF; ₹20 or 0.03% intraday/futures; ₹20 options; NRI rates differ. Source | stock_commission: $0 online commission for listed stocks and ETFs; OTC equities $6.95; broker-assisted service charge $25; etf_commission: $0 online commission for listed U.S.-exchange ETFs; options_commission: $0 online base commission plus $0.65 per options contract; futures_commission: $2.25 per contract, per side, for futures and futures options; exchange, regulatory, overnight, NFA, and market-data fees may apply; mutual_fund_commission: $0 on thousands of Schwab Mutual Fund OneSource funds; all other mutual funds up to $74.95 per purchase; bond_commission: New-issue bonds/CDs: $0 online/selling concession included; Treasuries online $0; most other secondary bonds $1 per bond with $10 minimum and $250 maximum; forex_commission: $0 commission; forex trade costs are reflected in the bid/ask spread Source |
| Maximum leverage | Up to 5x equity intraday; no leverage for equity delivery/F&O/currency/commodities under peak margin rules. Source | Not disclosed as a single broker-level maximum; leverage/margin depends on product, account approval, and regulatory/product requirements. Source |
| Deposit fee | UPI free; IMPS/NEFT/RTGS free at Zerodha (bank charges may apply); payment gateway/net banking ₹9 + 18% GST. Source | $0 for funds entering a standard brokerage account; banking deposit services generally no monthly/account minimum fees, but certain services can have fees Source |
| Withdrawal fee | Instant withdrawal: no charges; regular electronic withdrawal fee not disclosed/none found on reviewed fee pages. Source | No fee for routine withdrawals from standard brokerage per FAQ; full outbound ACAT $50 and outgoing wire $25; Schwab Bank Investor Checking has unlimited ATM fee rebates for cash withdrawals worldwide, subject to conditions. Source |
| Inactivity fee | No separate inactivity fee; dormancy after 24 months; AMC applies depending on demat/account type. Source | $0 annual maintenance/inactivity fee for standard brokerage accounts Source |
Markets, platforms & payments | ||
| Tradable assets | Indian stocks, ETFs, mutual funds, IPOs, F&O, currency derivatives, commodities, G-Secs/SGBs/bonds. Source | Stocks; fractional shares; ETFs; mutual funds; bonds/CDs/fixed income; money market funds; options; futures; futures options; forex; international stocks/ADRs/foreign ordinaries; cash products; annuities; alternatives; crypto ETPs/securities/futures. Source |
| Trading platforms | Kite, Console, Coin, Kite Connect API and partner tools including Sensibull, Smallcase and Streak. Source | Schwab.com; Schwab Mobile; thinkorswim desktop; thinkorswim web; thinkorswim mobile; paperMoney Source |
| Account types | Individual, Minor, HUF, NRI PIS, NRI Non-PIS, Corporate/LLP/Partnership, eligible FPI/foreign national accounts. Source | Individual Brokerage; Joint Brokerage; Schwab One Brokerage; Investor Checking-linked brokerage; Futures Account; Global Account; IRAs; custodial, education, trust, estate, organization, and business retirement accounts; Schwab Intelligent Portfolios. Source |
| Deposit methods | UPI, net banking/payment gateway, IMPS, NEFT, RTGS, cheque; from linked bank accounts only; cash/DD and digital wallets not accepted. Source | ACH/electronic transfer/MoneyLink; wire transfer; check/mail check; Schwab Mobile Deposit for checking; direct deposit for checking; account transfer/ACAT; branch/in-person deposit where available. Source |
| Withdrawal methods | Withdraw via Kite app/web or Console to verified linked primary bank account; instant withdrawal available if conditions are met. Source | Transfer to linked bank/checking; wire transfer; check; ATM/debit card for Schwab Bank Investor Checking; ACAT outbound account transfer. Source |
| Withdrawal processing time | Instant eligible; regular usually within 24h of cut-off, up to 48h after cut-off; same-day possible before 5 PM under conditions. Source | Cash moved from brokerage to linked Investor Checking is generally available in seconds, but weekend/after-hours transfers may not be available until the next business day; other withdrawal methods vary/not fully disclosed on checked pages. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.
