Updated September 29, 2026 · BrokerCue Editorial Team
NAGA vs Zerodha
What sets them apart
| Compare |  NAGA |  Zerodha |
|---|---|---|
| Stock trade fee | €3 | ₹0 |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto | Bonds, ETFs, Funds, Futures, Options, Stocks |
| Regulators | Cyprus Securities and Exchange Commission | Securities and Exchange Board of India (SEBI) |
| Deposit and withdrawal fees | No withdrawal fee | Free withdrawals |
| Platforms | iOS, Android, Web, MetaTrader 5 | Coin, Console, Kite |
| Minimum deposit | €50 | Not confirmed |
| Account fee | Not confirmed | ₹300 |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Retail accounts that lose money | 70.45% | Not confirmed |
| Options contract fee | Not confirmed | ₹20 |
| Interest on cash | 2.4% | Not confirmed |
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Key differences
- Zerodha scores higher overall: 9.1 vs 8.7.
- Regulators: only NAGA offers Cyprus Securities and Exchange Commission.
- Regulators: only Zerodha offers Securities and Exchange Board of India (SEBI).
- NAGA is available in 29 more countries.
- Markets: only NAGA offers Forex, CFDs, Crypto.
- Markets: only Zerodha offers Bonds, Funds, Options.
- Platforms: only NAGA offers iOS, Android, Web.
- Platforms: only Zerodha offers Coin, Console, Kite.
- Features: only NAGA offers Crypto, Copy trading.
- Features: only Zerodha offers Demo account.
Our verdict on each
NAGA
NAGA suits mobile copy traders who want stocks, ETFs, forex, CFDs, futures and crypto alongside social features in the same app. Opening starts at €50, while stock trades carry €3, so active share buyers should weigh costs against broader choice.
Zerodha
Zerodha suits Indian investors who place their own orders and want trading costs kept down. The stock trade fee is INR 0 and the account fee is INR 300, so the bill lands on holding an account and on derivatives rather than on the shares. Platforms for placing orders are Coin, Console and Kite.
Score breakdown
| Area | NAGA | Zerodha |
|---|---|---|
| Cost | 8.5Stock trades cost €3; withdrawals show No withdrawal fee. | 9.1HigherEquity orders cost INR 0 in brokerage, but the account fee of INR 300 and INR 20 on an options contract add up. |
| Offer | 9.1Coverage spans stocks, ETFs and forex via iOS, Android and Web for desktop plus mobile. | 9.5Higher |
| Trust | 8.5Cover sits at EU ICS up to EUR 20,000 under Cyprus oversight. | 8.8Higher |
Side by side, item by item
| Markets | NAGA | Zerodha |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | No | Yes |
| Futures | Yes | Yes |
| Crypto | Yes | No |
| Bonds | No | Yes |
| Funds | No | Yes |
How they place
| Ranking | NAGA | Zerodha |
|---|---|---|
| Stock and ETF brokers | 4 of 471 | 132 of 471 |
Licences and countries
| Country | NAGA | Zerodha |
|---|---|---|
| Cyprus | Not confirmed | |
| India | Not confirmed | Securities and Exchange Board of India (SEBI) INZ000031633 |
Additional countries for NAGA: 30. Additional countries for Zerodha: 1.
Where these facts come from
NAGA
- naga.com: 5 facts, checked September 28, 2026
- nagamarkets.zendesk.com: 5 facts, checked September 28, 2026
Zerodha
- zerodha.com: 7 facts, checked September 26, 2026
- sebi.gov.in: 2 facts, checked September 26, 2026
- chittorgarh.com: 1 fact, checked September 26, 2026
- tradebrains.in: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | NAGA | Zerodha |
|---|---|---|
| Features | Crypto, Copy trading, Mobile app | Demo account, Mobile app |
| Pricing model | Not confirmed | Commission free, Low fees |
| Legal entity | Not confirmed | Zerodha Broking Limited |
| Founded | Not confirmed | 2010 |
Where each stands against the rest
| Fact | NAGA | Zerodha | Median |
|---|---|---|---|
| Minimum deposit | €50above the median | Not confirmed | €1 |
| Account fee | Not confirmed | ₹300highest quarter | ₹0 |
| Retail accounts that lose money | 70.45%below the median | Not confirmed | 72.05% |
| Options contract fee | Not confirmed | ₹20at the median | ₹20 |
| Interest on cash | 2.4%below the median | Not confirmed | 3% |
Median across 47 listed brokers.
Pros and cons
NAGA
Pros
- Access stocks, ETFs and forex under a single login, covering shares through crypto for varied strategies.
- Trade via iOS, Android and Web, with MetaTrader 5 plus mobile apps for flexible order management.
- Withdrawals show No withdrawal fee, helped by No withdrawal fee for cost clarity.
Cons
- Stock trade fee sits at €3, which can weigh on frequent share buyers versus lower fee rivals.
- Support runs on help centre only, so help stays inside help centre without live chat or phone.
- Entry starts at €50, above ActivTrades at $0 for very small starters.
Zerodha
Pros
- One account covers bonds, etfs and funds, so shares, funds, bonds, options and futures sit with a single provider.
- Oversight comes from the Securities and Exchange Board of India (SEBI) in India, with Zerodha Broking Limited as the named legal entity.
- Withdrawals carry no charge, and demo account and mobile app includes a demo account and a mobile app, so a new user can practise before funding.
Cons
- The account fee of INR 300 ranks 107 of 138 brands on that measure, above the site median of €0.
- Options contracts are charged INR 20, so the low equity cost does not carry over to derivatives.
- Crypto is not among its markets (bonds, etfs and funds), so digital asset traders need a second provider.
Who each suits
NAGA
Who it suits
- Social traders who follow others and want futures plus crypto alongside shares may prefer NAGA over eToro.
- Mobile led investors starting at €50 who accept €3 may prefer NAGA over ActivTrades.
Who should look elsewhere
- Cost sensitive share buyers who want lower ticket fees than €3 may prefer XTB.
- Traders wanting phone or live chat beyond help centre may prefer ActivTrades.
Zerodha
Who it suits
- Indian investors placing their own share, fund and bond orders, with Coin, Console and Kite available to trade on.
- Newcomers who want to try a demo account and a mobile app, both listed in demo account and mobile app.
- Derivatives traders who can absorb INR 20 on an options contract and want funds, bonds and equities in one place.
Who should look elsewhere
- CFI, for readers who want forex, CFDs and crypto in one account, since stocks, etfs and forex covers that wider asset list.
- Vantage, for light traders who would rather pay an account fee of $0 than INR 300.
- eToro, for readers who only compare the equity charge, since its stock trade fee is also $0.
Country by country
| Country | NAGA | Zerodha |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 31 countries where either is available.
Questions about each
NAGA
What does NAGA charge for stock trades and withdrawals?+
Stock orders carry €3 per trade, and funding shows No withdrawal fee for withdrawals. Share buyers who trade often should compare that ticket charge with rivals before committing, as frequent dealing lifts total cost over time.
What is the minimum deposit to open a NAGA account?+
Trading can start at €50, which keeps entry modest for newcomers testing markets. Withdrawals show No withdrawal fee, so moving funds out does not add a separate withdrawal charge under current terms.
Zerodha
What does Zerodha charge to buy and sell shares?+
The stock trade fee is INR 0, and Zerodha ranks 1 of 161 brands on that measure, so equity dealing sits at the cheap end of the table. Derivatives are priced apart from equities, with an options contract charged INR 20, so the headline equity cost is not the whole bill.
Is there an account fee, and how does it compare?+
Yes. The account fee is INR 300, which places Zerodha at 107 of 138 on the account fee table, well below its stock trade fee ranking of 1 of 161. Withdrawals, by contrast, cost nothing. Holding the account open is the pricier side of this cost profile, while dealing through it ranks well.
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