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

Overview — Zerodha vs. Lemonn

Zerodha is listed as a Private Discount Broker established in 2010 with headquarters in Bangalore, India and founded by Nithin Kamath. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard Plan brokerage structure.

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. It offers equity delivery, equity intraday, equity futures, equity options and mutual funds using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Standard.

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 — Zerodha vs. Lemonn

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

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

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

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

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

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low) . Lemonn does not currently list a charge for this segment.

Commodity options: This charge applies to option contracts on commodity instruments. Zerodha charges Rs.20 per Trade . Lemonn does not currently list a charge for this segment.

Currency futures: This charge allows participation in forex price movements on the exchange. Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low) . Lemonn does not currently list a charge for this segment.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Zerodha charges Rs.20 per Trade . Lemonn does not currently list a charge for this segment.

Trading platforms comparison — Zerodha vs. Lemonn

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

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

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

• Web trading platform: Zerodha and Lemonn 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: Zerodha and Lemonn 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.

Zerodha vs. Lemonn — Comparison of trading features

Zerodha highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, while Lemonn promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. 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 Zerodha and Lemonn offer this feature.

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

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

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

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

Zerodha vs. Lemonn — 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 Zerodha and Lemonn.

• 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: Zerodha and Lemonn 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: Zerodha and Lemonn 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 — Lemonn vs. Zerodha

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

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

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

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

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

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

• IPO services: Zerodha and Lemonn 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: Zerodha and Lemonn 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 — Zerodha vs. Lemonn

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

Stock advisory service comparison — Zerodha vs. Lemonn

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

Exposure comparison — Zerodha vs. Lemonn

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

Comparison of programs — Zerodha vs. Lemonn

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

Customer support comparison — Zerodha vs. Lemonn

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

Ratings — Zerodha vs. Lemonn

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

Complaints — Zerodha vs. Lemonn

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 — Zerodha vs. Lemonn

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

Pledge charges comparison — Zerodha vs. Lemonn

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 — Zerodha vs. Lemonn

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 — Zerodha vs Lemonn

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

Zerodha vs Lemonn — 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 — Zerodha and Lemonn

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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