Comparison of Binomo and Zerodha
| Feature | Binomo | Zerodha |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2010 |
| Broker Type | MM | DMA |
| Dealing | B-book | A-book |
| Execution | Instant | Market |
| Regulation | SVGFSA | SEBI, NSE, BSE, MCX |
| Platforms | Binomo | Kite Web, Kite Mobile, Varsity |
| Spread | - N/A | ⬊ Low |
| Maximum Leverage | 1:1 | 1:20 |
| Minimum Deposit | $10 | $1 |
| Base Currencies | USD, EUR | INR |
| Funding Methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | UPI, NetBanking, IMPS, NEFT/RTGS, Cheque |
| Inactivity Fee | $30 per month after 30 days of inactivity | ₹300 demat AMC per year |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence | ✖ |
| Investor Protection | FinancialCommission.org | Investor Protection Fund |
| Protection Size | €20 000 | ₹500000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Stocks, ETFs, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs |
| Review | Binomo Review | Zerodha Review |
About Binomo
Binomo is a binary options trading platform founded in 2014 that targets beginners with a very low $10 minimum deposit and $1 trade size. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Three live account tiers (Standard, Gold, VIP) unlock higher payouts-up to 90% - and faster withdrawals. While Binomo’s proprietary web and mobile apps are easy to use and offer weekend trading, the company is not regulated by top-tier financial authorities and is unavailable to traders in the EU and several other jurisdictions.
Pros
- Low $10 minimum deposit and $1 trade size
- Up to 90% payouts on VIP tier
- Fast proprietary web & mobile platform
- Free demo account with $10000 virtual funds
- Member of the International Financial Commission with €20000 compensation fund
- Multilingual interface and local payment options
Cons
- Not regulated by major authorities such as FCA or ASIC
- Limited number of underlying assets versus CFD/forex brokers
- No MetaTrader or third-party platforms available
- Education materials are basic compared to top forex brokers
About Zerodha
Zerodha is India’s largest discount stockbroker founded in 2010. The broker lets investors trade equities, F&O, commodities and currency derivatives on Indian exchanges with zero brokerage on equity delivery and a flat ₹20 cap on intraday and F&O trades. Regulated by SEBI and a member of NSE, BSE and MCX, Zerodha offers the sleek Kite platform, segregated client funds, and extensive educational resources through Varsity.
Pros
- ₹0 brokerage on equity delivery
- Flat ₹20 (max) per intraday & F&O order
- Robust Kite platform (web & mobile)
- SEBI‑regulated; segregated client funds
- Extensive free educational content
Cons
- Only for Indian residents
- No compensation above ₹5 lakh
- No 24/7 customer support
Binomo & Zerodha Regulation
| Feature | Binomo | Zerodha |
|---|---|---|
Companies | Dolphin Corp LLC, Pollack Trade LTD | Zerodha Broking Ltd. |
Countries | St. Vincent & the Grenadines | India |
Regulators | SVGFSA | SEBI, NSE, BSE, MCX |
Investor Protection | FinancialCommission.org | Investor Protection Fund |
Investor Protection Size | €20 000 | ₹500000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Binomo | Zerodha |
|---|---|---|
DMA Account | ||
| Account Name | — | Equity & F&O |
| Min Deposit | — | $1 |
| Lot Size | — | 1 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | ₹20 per 1 lot |
| Max Leverage | — | 1:20 |
| Stop Out | — | — |
| Margin Call | — | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | FTT | — |
| Minimum Deposit | $10 | — |
| Option Types | FTT (Fixed Time Trade), 5-Second Trades (5ST) | — |
| Minimum Stake | $1 | — |
| Payout | from 40% to 90% | — |
| Expiration Time | from 5 seconds to 1 hour | — |
Funding and Fees
| Feature | Binomo | Zerodha |
|---|---|---|
Base currencies | USD, EUR | INR |
Deposit and withdrawal methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | UPI, NetBanking, IMPS, NEFT/RTGS, Cheque |
Inactivity fee | $30 per month after 30 days of inactivity | ₹300 demat AMC per year |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
Trading Platforms and Conditions
| Feature | Binomo | Zerodha |
|---|---|---|
Trading Platforms | Binomo | Kite Web, Kite Mobile, Varsity |
Execution Speed | 50 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | low |
Trading Assets
| Asset | Binomo | Zerodha |
|---|---|---|
Currencies | 28 | 7 |
Indices | 5 | 6 |
Stocks | 28 | 5000 |
Cryptocurrencies | 6 | 0 |
Bonds | 0 | 0 |
Metals | 2 | 2 |
Energies | 1 | 2 |
Soft Commodities | 0 | 4 |
ETFs | 0 | 100 |
Education and Analytics
| Feature | Binomo | Zerodha |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Binomo | Zerodha |
|---|---|---|
Email | support@binomo.com | support@zerodha.com |
Phone | — | +918047181888 |
Telegram | Telegram | Telegram |
Whatsapp | — | |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Binomo and Zerodha, Binomo comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Binomo Comparisons
Zerodha Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.