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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	Fidelity fidelity.com Stock BrokerETF BrokerETF
Decision summary
Overall score

Trust score	88	100

Cost score	91	89

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…	Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa…

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	Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC. Source
License numbers	INZ000031633; INZ000038238; MCX 46025; IN-DP-431-2019; CIN U65929KA2018PLC116815 Source	FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740. Source
Regulated entities	Zerodha Broking Limited; Zerodha Commodities Private Limited Source	Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product. Source
Negative balance protection	No CFD-style negative balance protection; debit balances can incur 0.05% per day delayed-payment charges. Source	Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations. 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 coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply. Source
Restricted countries	Resident/online service is India-focused; FATF blacklisted countries prohibited for NRI accounts; FATF greylisted countries require compliance approval. Source	U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found. Source

Trust & regulation

Regulators

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

Source

Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC.

Source

License numbers

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

Source

FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740.

Source

Regulated entities

Zerodha Broking Limited; Zerodha Commodities Private Limited

Source

Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product.

Source

Negative balance protection

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

Source

Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations.

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 coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply.

Source

Restricted countries

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

Source

U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found.

Source

Costs & account conditions
Minimum deposit	No minimum balance; practical transfer minimums: UPI ₹1, internet banking ₹50, IMPS/NEFT/RTGS >₹1. Source	$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product. 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 Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads. Source
Commission	₹0 equity delivery/direct MF; ₹20 or 0.03% intraday/futures; ₹20 options; NRI rates differ. Source	$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply. Source
Maximum leverage	Up to 5x equity intraday; no leverage for equity delivery/F&O/currency/commodities under peak margin rules. Source	No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure. Source
Deposit fee	UPI free; IMPS/NEFT/RTGS free at Zerodha (bank charges may apply); payment gateway/net banking ₹9 + 18% GST. Source	$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge. Source
Withdrawal fee	Instant withdrawal: no charges; regular electronic withdrawal fee not disclosed/none found on reviewed fee pages. Source	$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge. Source
Inactivity fee	No separate inactivity fee; dormancy after 24 months; AMC applies depending on demat/account type. Source	No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'. Source

Costs & account conditions

Minimum deposit

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

Source

$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product.

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 Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads.

Source

Commission

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

Source

$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply.

Source

Maximum leverage

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

Source

No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure.

Source

Deposit fee

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

Source

$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge.

Source

Withdrawal fee

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

Source

$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge.

Source

Inactivity fee

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

Source

No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'.

Source

Markets, platforms & payments
Tradable assets	Indian stocks, ETFs, mutual funds, IPOs, F&O, currency derivatives, commodities, G-Secs/SGBs/bonds. Source	Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international. Source
Trading platforms	Kite, Console, Coin, Kite Connect API and partner tools including Sensibull, Smallcase and Streak. Source	Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic. Source
Account types	Individual, Minor, HUF, NRI PIS, NRI Non-PIS, Corporate/LLP/Partnership, eligible FPI/foreign national accounts. Source	Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts. 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	EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps. Source
Withdrawal methods	Withdraw via Kite app/web or Console to verified linked primary bank account; instant withdrawal available if conditions are met. Source	EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access. 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	EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days. Source

Markets, platforms & payments

Tradable assets

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

Source

Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international.

Source

Trading platforms

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

Source

Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.

Source

Account types

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

Source

Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.

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

EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.

Source

Withdrawal methods

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

Source

EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access.

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

EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days.

Source

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