Lemonn vs Zerodha – Compare Charges, Trading Features, Offers & More

Overview — Lemonn vs. Zerodha

Lemonn is listed as a Private Discount Broker established in 2020 with headquarters in Mumbai and founded by Ashish Singhal, Govind Soni, & Vimal Sagar Tiwari. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Standard brokerage structure.

Zerodha is listed as a Private Discount Broker established in 2010 with headquarters in Bangalore, India and founded by Nithin Kamath. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. Its brokerage model is structured as Standard Plan.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Lemonn vs. Zerodha

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Lemonn and Zerodha.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Lemonn charges Rs 20 per executed order while Zerodha charges Free.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Lemonn charges Rs 20 per executed order while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).

Equity futures: This charge applies to futures contracts on stocks and indices. Lemonn charges Rs 20 per executed order while Zerodha charges Rs.20 per Trade or 0.03% (whichever is low).

Equity options: This charge applies to equity option contracts. Lemonn charges Rs 20 per executed order while Zerodha charges Rs.20 per Trade.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Lemonn charges N/A ; Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low).

Commodity options: This charge applies to option contracts on commodity instruments. Lemonn charges N/A ; Zerodha charges Rs.20 per Trade.

Currency futures: This charge allows participation in forex price movements on the exchange. Lemonn charges N/A ; Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low).

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Lemonn charges N/A ; Zerodha charges Rs.20 per Trade.

Trading platforms comparison — Lemonn vs. Zerodha

Lemonn provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Zerodha provides mobile app access, web trading and algo trading support for its users.

• Android app: Lemonn and Zerodha both list an Android trading app.

• iOS app: Lemonn and Zerodha both list an iOS trading app.

• Web trading platform: Lemonn and Zerodha both list a web trading platform.

• Desktop trading terminal: Lemonn lists a desktop trading terminal, while Zerodha does not currently mention it.

• Algo trading: Zerodha lists algo trading support, while Lemonn does not currently mention it.

• Basket trading: Zerodha lists basket trading, while Lemonn does not currently mention it.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Lemonn and Zerodha both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Zerodha lists a bonds investment platform, while Lemonn does not currently mention it.

Lemonn vs. Zerodha — Comparison of trading features

Lemonn highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while Zerodha promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Lemonn and Zerodha offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Lemonn and Zerodha offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Lemonn and Zerodha offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Lemonn and Zerodha offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Lemonn offers this; Zerodha does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Lemonn offers this; Zerodha does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Lemonn offers this; Zerodha does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Lemonn and Zerodha offer this feature.

• Live market: Live updates on market movements and trends. Both Lemonn and Zerodha offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Lemonn offers this; Zerodha does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Lemonn and Zerodha offer this feature.

Lemonn vs. Zerodha — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Lemonn and Zerodha.

• Free account opening: Lemonn lists free account opening, while Zerodha does not currently mention it.

• Free AMC: Lemonn lists free Demat AMC, while Zerodha does not currently mention it.

• Free brokerage: Zerodha lists free brokerage, while Lemonn does not currently mention it.

• Flat brokerage: Lemonn and Zerodha both list flat brokerage pricing.

• Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Lemonn and Zerodha both list free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Neither broker currently highlights free research reports.

• Free trading calls: Neither broker currently highlights free trading calls.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Zerodha offers 10% + 300 Points per Client for referrals; Lemonn does not currently list a referral offer.

Offered products comparison — Zerodha vs. Lemonn

Product availability determines whether a broker can support your preferred markets. Lemonn highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while Zerodha highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, mutual funds, commodity futures, commodity options, currency futures, currency options, corporate bonds, government bonds and bonds.

• Demat services: Lemonn and Zerodha both list Demat services.

• Trading services: Lemonn and Zerodha both list trading services.

• Intraday services: Lemonn and Zerodha both list intraday trading services.

• F&O services: Lemonn and Zerodha both list F&O services.

• IPO services: Lemonn and Zerodha both list IPO services.

• 3-in-1 account: Lemonn lists 3-in-1 account support, while Zerodha does not currently mention it.

• Stock research: Lemonn lists stock research, while Zerodha does not currently mention it.

• Stock recommendations: Lemonn lists stock recommendations, while Zerodha does not currently mention it.

• Trading education: Zerodha lists trading education, while Lemonn does not currently mention it.

• Share pledging: Lemonn and Zerodha both list share pledging.

• PMS or PCG: Lemonn lists PMS or PCG support, while Zerodha does not currently mention it.

• NRI services: Neither broker currently highlights NRI services.

Offered services comparison — Lemonn vs. Zerodha

Lemonn provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Zerodha offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.

Stock advisory service comparison — Lemonn vs. Zerodha

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Lemonn and Zerodha.

Exposure comparison — Lemonn vs. Zerodha

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Lemonn and Zerodha across different segments.

Comparison of programs — Lemonn vs. Zerodha

Lemonn and Zerodha both list a sub-broker program. Lemonn and Zerodha both list a partner program. Lemonn and Zerodha both list a referral program.

Customer support comparison — Lemonn vs. Zerodha

Lemonn provides support through trading desk support, call support, email support, website support and Facebook support. Zerodha provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.

Ratings — Lemonn vs. Zerodha

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Lemonn carries an overall rating of 4/5, while Zerodha carries an overall rating of 9.85 / 10.

Complaints — Lemonn vs. Zerodha

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Lemonn vs. Zerodha

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Lemonn and Zerodha.

Pledge charges comparison — Lemonn vs. Zerodha

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Lemonn vs. Zerodha

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Lemonn vs Zerodha

Lemonn lists account opening charges of Free and Demat AMC of Rs 250+ GST. Zerodha lists account opening charges of Rs.200 – Rs.300 and Demat AMC of Rs.300 per Year.

Lemonn vs Zerodha — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Lemonn and Zerodha

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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