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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	Zerodha zerodha.com Multi Asset BrokerETF BrokerETF	DEGIRO degiro.com ETF BrokerMulti Asset BrokerETF
Decision summary
Overall score

Trust score	88	100

Cost score	91	92

Platform score	86	92

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…	European self-directed investors seeking low-cost access to stocks and ETFs · Investors who prefer web/mobile platforms and exchange-traded products

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	Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB. Source
License numbers	INZ000031633; INZ000038238; MCX 46025; IN-DP-431-2019; CIN U65929KA2018PLC116815 Source	Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245. Source
Regulated entities	Zerodha Broking Limited; Zerodha Commodities Private Limited Source	DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main. Source
Negative balance protection	No CFD-style negative balance protection; debit balances can incur 0.05% per day delayed-payment charges. Source	No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only. 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	Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply. Source
Restricted countries	Resident/online service is India-focused; FATF blacklisted countries prohibited for NRI accounts; FATF greylisted countries require compliance approval. Source	Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page. Source

Trust & regulation

Regulators

Regulated by SEBI as stock/commodity broker and CDSL depository participant; trading member of NSE, BSE and MCX.

Source

Primarily supervised by BaFin and Bundesbank in Germany; Dutch branch registered with DNB and supervised by AFM and DNB.

Source

License numbers

INZ000031633; INZ000038238; MCX 46025; IN-DP-431-2019; CIN U65929KA2018PLC116815

Source

Financial licence number not disclosed in reviewed official sources. Commercial registrations found: flatexDEGIRO Bank SE HRB 141330 on flatexDEGIRO Bank SE imprint; DEGIRO UK footer states HRB 105687; Dutch Branch KvK 82510245.

Source

Regulated entities

Zerodha Broking Limited; Zerodha Commodities Private Limited

Source

DEGIRO is operated by flatexDEGIRO Bank Dutch Branch, a branch of flatexDEGIRO Bank SE; flatexDEGIRO Bank SE is a licensed German bank headquartered in Frankfurt am Main.

Source

Negative balance protection

No CFD-style negative balance protection; debit balances can incur 0.05% per day delayed-payment charges.

Source

No negative balance protection found. Official account-profile page warns losses can exceed deposit and result in a negative Balance for derivatives, margin and short-selling services; margin profiles are legacy-only.

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

Cash in flatexDEGIRO Bank SE Cash Account protected up to €100,000 per customer under German Deposit Guarantee Scheme; investor compensation covers up to 90% of non-returned assets, max €20,000 per customer; UK FSCS does not apply.

Source

Restricted countries

Resident/online service is India-focused; FATF blacklisted countries prohibited for NRI accounts; FATF greylisted countries require compliance approval.

Source

Available via listed country selector in Europe/UK; US persons are not accepted; UK onboarding for new clients was temporarily unavailable on the reviewed UK page.

Source

Costs & account conditions
Minimum deposit	No minimum balance; practical transfer minimums: UPI ₹1, internet banking ₹50, IMPS/NEFT/RTGS >₹1. Source	No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account. Source
Spread from	Not applicable: Zerodha is an Indian exchange-traded securities/derivatives broker, not a CFD/spot-FX spread broker. Source	Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs. Source
Commission	₹0 equity delivery/direct MF; ₹20 or 0.03% intraday/futures; ₹20 options; NRI rates differ. Source	Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply. Source
Maximum leverage	Up to 5x equity intraday; no leverage for equity delivery/F&O/currency/commodities under peak margin rules. Source	DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources. Source
Deposit fee	UPI free; IMPS/NEFT/RTGS free at Zerodha (bank charges may apply); payment gateway/net banking ₹9 + 18% GST. Source	No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees. Source
Withdrawal fee	Instant withdrawal: no charges; regular electronic withdrawal fee not disclosed/none found on reviewed fee pages. Source	No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees. Source
Inactivity fee	No separate inactivity fee; dormancy after 24 months; AMC applies depending on demat/account type. Source	No inactivity fee; UK fee page lists inactivity fee as €0. Source

Costs & account conditions

Minimum deposit

No minimum balance; practical transfer minimums: UPI ₹1, internet banking ₹50, IMPS/NEFT/RTGS >₹1.

Source

No fixed minimum deposit identified; DEGIRO homepage says users can add any amount of money to the account for free. Bank-account verification search result states minimum EUR 0.01 for linking a new bank account.

Source

Spread from

Not applicable: Zerodha is an Indian exchange-traded securities/derivatives broker, not a CFD/spot-FX spread broker.

Source

Not a quoted-spread CFD/FX broker field. DEGIRO discloses that bid-ask spreads are implicit market costs and not direct broker costs.

Source

Commission

₹0 equity delivery/direct MF; ₹20 or 0.03% intraday/futures; ₹20 options; NRI rates differ.

Source

Examples from UK fee page: US stocks €1 + €1 handling; LSE £1.75 + £1 handling; selected ETFs €0 + €1 handling; global ETFs €2 + €1 handling; options €0.75 commission. Currency, connectivity, external product and spread costs may apply.

Source

Maximum leverage

Up to 5x equity intraday; no leverage for equity delivery/F&O/currency/commodities under peak margin rules.

Source

DEGIRO currently does not allow new changes to margin-trading profiles; legacy Active/Trader/Day Trader accounts may have Debit Money / derivatives risk but maximum leverage was not disclosed in reviewed sources.

Source

Deposit fee

UPI free; IMPS/NEFT/RTGS free at Zerodha (bank charges may apply); payment gateway/net banking ₹9 + 18% GST.

Source

No deposit fee disclosed on UK fee page and homepage; deposits listed as FEE €0 / no deposit-withdrawal fees.

Source

Withdrawal fee

Instant withdrawal: no charges; regular electronic withdrawal fee not disclosed/none found on reviewed fee pages.

Source

No withdrawal fee disclosed on UK fee page and homepage; withdrawals listed as FEE €0 / no deposit-withdrawal fees.

Source

Inactivity fee

No separate inactivity fee; dormancy after 24 months; AMC applies depending on demat/account type.

Source

No inactivity fee; UK fee page lists inactivity fee as €0.

Source

Markets, platforms & payments
Tradable assets	Indian stocks, ETFs, mutual funds, IPOs, F&O, currency derivatives, commodities, G-Secs/SGBs/bonds. Source	Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability. Source
Trading platforms	Kite, Console, Coin, Kite Connect API and partner tools including Sensibull, Smallcase and Streak. Source	DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android. Source
Account types	Individual, Minor, HUF, NRI PIS, NRI Non-PIS, Corporate/LLP/Partnership, eligible FPI/foreign national accounts. Source	DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available. 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	Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency. Source
Withdrawal methods	Withdraw via Kite app/web or Console to verified linked primary bank account; instant withdrawal available if conditions are met. Source	Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn. 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	Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete. Source

Markets, platforms & payments

Tradable assets

Indian stocks, ETFs, mutual funds, IPOs, F&O, currency derivatives, commodities, G-Secs/SGBs/bonds.

Source

Shares, ETFs, bonds and derivatives such as options and futures; DEGIRO product pages also describe investment funds availability.

Source

Trading platforms

Kite, Console, Coin, Kite Connect API and partner tools including Sensibull, Smallcase and Streak.

Source

DEGIRO provides a web/desktop trading platform (Webtrader) and mobile apps for iOS and Android.

Source

Account types

Individual, Minor, HUF, NRI PIS, NRI Non-PIS, Corporate/LLP/Partnership, eligible FPI/foreign national accounts.

Source

DEGIRO account/profile types include Basic, Active, Trader, Day Trader and Custody. Active, Trader and Day Trader are legacy-only and new margin profiles are no longer available.

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

Manual bank transfer from a verified linked/reference bank account; deposits must use the account base currency.

Source

Withdrawal methods

Withdraw via Kite app/web or Console to verified linked primary bank account; instant withdrawal available if conditions are met.

Source

Withdrawals go back to the primary registered/linked bank account; only uninvested cash in the Cash Account can be withdrawn.

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

Withdrawals may take up to 2-4 working days; transfers can take up to 2-3 working days to complete.

Source

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