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Zerodha vs International Broker Fee Calculator

By · · Indian Discount Broker Analyst

See exactly how much you pay per trade on Zerodha vs Exness vs XM. Enter your trading details and get an instant side-by-side cost breakdown.

Updated April 2026 Interactive Calculator

⚙ Trade Parameters

Quick Reference: Common Trade Scenarios

Scenario Zerodha Cost Exness Cost XM Cost Cheapest

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Frequently Asked Questions

Why is Zerodha more expensive than Exness or XM for forex trading? ▼
Zerodha charges a flat Rs 20/order brokerage plus mandatory SEBI-imposed fees: STT (Securities Transaction Tax), stamp duty, exchange transaction charges, SEBI turnover fee, and 18% GST on top of brokerage + exchange + SEBI fees. International brokers operate outside India's tax framework, so you only pay through spreads and optional per-lot commissions.
Does this calculator include all hidden fees? ▼
Yes. For Zerodha it covers brokerage, STT, stamp duty, exchange transaction charges, SEBI turnover fee, and GST. For Exness and XM it includes spread costs and per-lot commissions for raw/zero accounts. Swap (overnight holding) fees are excluded as they vary daily based on interest rate differentials.
Is Zerodha ever cheaper than international brokers? ▼
For equity delivery trades on Indian stocks, Zerodha charges zero brokerage, making it extremely cost-effective. For small intraday trades under Rs 40,000, the flat Rs 20 fee can also be competitive. But for active F&O and forex trading with larger position sizes, the cumulative regulatory surcharges typically make Zerodha 40-70% more expensive per trade.
What exchange rate does this calculator use? ▼
The calculator uses 1 USD = 83.50 INR as a baseline. Spread costs for Exness and XM are calculated in USD (pip value x spread) then converted to INR. If the current exchange rate differs significantly, results will scale proportionally.
Can Indian traders legally use Exness or XM? ▼
Indian traders can open accounts with international brokers under the Liberalised Remittance Scheme (LRS), which allows up to $250,000 per year for overseas investments. Both Exness and XM are regulated by global authorities (FCA, CySEC, ASIC). You must declare any foreign income when filing Indian taxes. See our detailed legality guide.

⚠ Risk Disclaimer

Trading forex and derivatives involves significant risk. 74-89% of retail investor accounts lose money when trading CFDs. Zerodha fee data is based on publicly available charge structures as of April 2026. Exness and XM spreads shown are typical values and may vary by market conditions. This calculator is for educational comparison only and does not constitute financial advice. Past performance does not indicate future results.

See also: Indian vs International Brokers Guide, Why Traders Switch from Zerodha, and Best International Broker for India.