Jainam Broking Limited vs Zerodha

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Jainam Broking Limited
Jainam Broking Limited
Full-Service Broker · since 2003
VS
Zerodha
Discount Broker · since 2010
Zerodha

Jainam Broking Limited vs Zerodha — quick verdict

Choose Jainam Broking Limited if

You want research and offline support

Investing with Trust.

Choose Zerodha if

You want low-cost, self-directed trading

India's largest discount broker — ₹0 equity delivery, flat ₹20 intraday/F&O and the clean, reliable Kite platform.

Company overview

Jainam Broking Limited is a full-service broker incorporated in 2003; Zerodha is a discount broker incorporated in 2010.

ParameterJainam Broking LimitedZerodha
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2003 older 2010
Number of branches 100+ wider 0
Active clients 2 Lakh+ ~1.6 crore larger

Charges & AMC

Account-opening and maintenance charges for Jainam Broking Limited and Zerodha compared side by side.

ParameterJainam Broking LimitedZerodha
Trading a/c opening ₹0 (Online) ₹200 (Online)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹300 + GST per year ₹300
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) ₹13.5 + GST per debit lower

Brokerage charges

How Jainam Broking Limited and Zerodha price each trading segment, per executed order.

ParameterJainam Broking LimitedZerodha
Equity Delivery 0.30% ₹0 (Free)
Equity Intraday 0.03% ₹20 or 0.03% (lower)
Equity Futures 0.03% ₹20 or 0.03% (lower)
Equity Options ₹20 per executed order ₹20 / order
Currency F&O Not Available ₹20 or 0.03% (lower)
Commodity F&O 0.03% ₹20 or 0.03% (lower)
Call & Trade ₹20 per executed order +₹50/order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Jainam Broking Limited and Zerodha, per segment.

ParameterJainam Broking LimitedZerodha
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%)
Equity Futures NSE: 0.00173% NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE: 0.03503% (on premium) NSE Rs 3503 per Cr (0.03503%) | BSE Rs 275 per Cr (on premium)
Commodity Futures MCX: 0.00210% —
Commodity Options MCX: 0.04180% (on premium) —
Currency Futures — NSE Rs 90 per Cr (0.0009%) | BSE Rs 45 per Cr

Demat & DP charges

Depository (demat) charges for Jainam Broking Limited and Zerodha — AMC, debit transactions, pledging and remat.

ParameterJainam Broking LimitedZerodha
Demat Account Opening ₹0 —
Annual Maintenance Charges (AMC) ₹300 + GST per year Rs 300 + GST per year (Rs 75 + GST per quarter)
Debit Transaction Charges ₹15.93 per debit transaction (including GST) —
Pledge / Unpledge Charges ₹25 + GST per request —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil Nil
Demat Account Opening Charges — Rs 0 (Free)
Transaction Charges (Sell) — Rs 13.5 + GST per scrip (per day)
Pledge Creation / Invocation — Rs 30 + GST per request
Remat — Rs 150 + GST per certificate + CDSL charges

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Jainam Broking Limited and Zerodha.

ParameterJainam Broking LimitedZerodha
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) Up to 20% of trade value (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) 100% NRML (Span + Exposure) (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across Jainam Broking Limited and Zerodha.

ParameterJainam Broking LimitedZerodha
3-in-1 account ✕ No ✕ No
Automated / API trading ✕ No ✓ Yes better
Margin Trading (MTF) ✓ Yes better ✕ No
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Jainam Web, Jainam Mobile App, Jainam Trade Terminal Kite, Console, Coin, Kite Connect
Intraday square-off 3:15 PM 3:20 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), SIP Investment GTT orders, Coin (free direct mutual funds), Varsity education. No MTF, Bracket or Cover orders.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Jainam Broking Limited and Zerodha.

ParameterJainam Broking LimitedZerodha
Trading platforms offered Jainam Web, Jainam Mobile App, Jainam Trade Terminal Kite, Console, Coin
Number of platforms 3 3
Platforms (summary) Jainam Web, Jainam Mobile App, Jainam Trade Terminal Kite, Console, Coin, Kite Connect
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Web, Mobile

User ratings

User ratings for Jainam Broking Limited and Zerodha across the key parameters.

Rated onJainam Broking LimitedZerodha
Fees 4 4.5 better
Brokerage 4.1 4.6 better
Trading platform 4.2 4.6 better
Customer service 4.5 better 3.8
Research 4.6 better 3.6
Overall 4.2 4.5 better

Investment options

Which investment products Jainam Broking Limited and Zerodha let you access.

ParameterJainam Broking LimitedZerodha
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Jainam Broking Limited and Zerodha.

ParameterJainam Broking LimitedZerodha
Bracket Order ✓ Yes better ✕ No
Cover Order ✓ Yes better ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✕ No ✓ Yes better

Safety & credibility

SEBI registration, financial strength and complaint record for Jainam Broking Limited and Zerodha.

ParameterJainam Broking LimitedZerodha
SEBI registration INZ000209933 INZ000031633
NSE member code 90484 13179
Year of incorporation 2003 longer track record 2010
Net worth ₹150+ Cr ₹13,000+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.004% fewer complaints 0.030%

Complaints record

Exchange complaint data for Jainam Broking Limited and Zerodha — the ratio matters more than the raw count.

ParameterJainam Broking LimitedZerodha
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 2,08,614 80,12,000 larger base
Complaints filed 9 2,400
Complaint ratio 0.004% fewer complaints 0.030%

Pros & cons

The main advantages and drawbacks of each broker.

Jainam Broking Limited

▲ Pros

  • ✓ Personalized investment advisory and relationship managers.
  • ✓ Strong equity and commodity research support.
  • ✓ Offers stocks, F&O, commodities, IPOs, mutual funds, bonds, SIPs, and insurance.
  • ✓ Easy-to-use web, mobile, and desktop trading platforms.
  • ✓ Good customer support with regional branch presence.
  • ✓ Suitable for long-term investors seeking research-backed recommendations.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Limited branch network compared to larger national brokers.
  • ✕ Call & Trade charges apply.
  • ✕ Advanced wealth management services may be available only for select clients.
Zerodha

▲ Pros

  • ✓ Free (₹0) equity delivery investing.
  • ✓ Clean, fast and reliable Kite web & mobile platform.
  • ✓ GTT (Good Till Triggered) orders and Coin for free direct mutual funds.
  • ✓ Strong educational content through Varsity.
  • ✓ India's largest retail broker — bootstrapped, profitable and debt-free.
  • ✓ Transparent flat pricing with no hidden charges.

▼ Cons

  • ✕ No MTF / margin funding (pay-later) facility.
  • ✕ No 3-in-1 account and no Bracket or Cover orders.
  • ✕ No in-house stock research, tips or relationship manager.
  • ✕ Support is largely ticket-based; no branch network.
  • ✕ ₹200 account opening charge and ₹50 Call & Trade fee.
  • ✕ Occasional load on the platform during high-volatility sessions.
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Compare Zerodha with

Zerodha vs Angel One Zerodha vs Upstox Zerodha vs Groww Zerodha vs ICICI Direct Zerodha vs Kotak Neo Zerodha vs HDFC Securities Zerodha vs SBI Securities Zerodha vs Motilal Oswal Zerodha vs Paytm Money Zerodha vs Mirae Asset Sharekhan Zerodha vs Axis Direct Zerodha vs 5paisa Zerodha vs Choice Broking Zerodha vs m.Stock Zerodha vs Sahi Zerodha vs FYERS Securities Zerodha vs SMC Global Zerodha vs Anand Rathi
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.