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Pick up to four brokers and quickly spot the differences that change a decision: trust, fees, platforms, withdrawals, restrictions, and notes you should verify.

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
Zerodha

zerodha.com

Multi Asset BrokerETF BrokerETF
Fidelity

fidelity.com

Stock BrokerETF BrokerETF
Decision summary
Overall score
88
91
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.
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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.
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Maximum leverage
Up to 5x equity intraday; no leverage for equity delivery/F&O/currency/commodities under peak margin rules.
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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.
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Withdrawal fee
Instant withdrawal: no charges; regular electronic withdrawal fee not disclosed/none found on reviewed fee pages.
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$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.
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Trading platforms
Kite, Console, Coin, Kite Connect API and partner tools including Sensibull, Smallcase and Streak.
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Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.
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Account types
Individual, Minor, HUF, NRI PIS, NRI Non-PIS, Corporate/LLP/Partnership, eligible FPI/foreign national accounts.
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Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.
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Deposit methods
UPI, net banking/payment gateway, IMPS, NEFT, RTGS, cheque; from linked bank accounts only; cash/DD and digital wallets not accepted.
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EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.
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Withdrawal methods
Withdraw via Kite app/web or Console to verified linked primary bank account; instant withdrawal available if conditions are met.
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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

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.