Ellevest
Zerodha
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Overview
Ellevest was founded in 2008 and is headquartered in USA, while Zerodha was established in 2010 and is based in India. Ellevest holds licences including Unregulated, while Zerodha is regulated by Securities and Exchange Board of India (SEBI) among others. Ellevest serves 10,000+ clients worldwide; Zerodha has 1,500,000+. The minimum deposit is $1 at Ellevest and $0 at Zerodha.
| Feature | Ellevest | Zerodha |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Regulation | Unregulated | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 2010 |
| Country | USA | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between Ellevest and Zerodha, directly affecting your bottom line as a trader. Zerodha has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Ellevest). Ellevest charges withdrawal fees while Zerodha does not, a notable advantage for frequent withdrawers. Ellevest applies inactivity fees on dormant accounts; Zerodha does not. Ellevest charges deposit fees; Zerodha does not. Overall, Zerodha scores higher on fees in our assessment.
| Feature | Ellevest | Zerodha |
|---|---|---|
| Min. Deposit | $1 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ellevest offers MT4, MT5, cTrader, while Zerodha supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Ellevest | Zerodha |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows, Android, Mac OS, iOS | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ellevest and Zerodha compare. Zerodha runs regular live webinars; Ellevest does not. Both provide video tutorials. Zerodha publishes daily market commentary; Ellevest does not. Both integrate third-party research tools. Zerodha maintains an archive of past webinars for on-demand viewing. Zerodha scores higher overall in education and research.
| Feature | Ellevest | Zerodha |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ellevest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Zerodha supports 1 (bank transfer). Ellevest uniquely supports credit/debit card among the two brokers. Ellevest scores higher on deposit and withdrawal flexibility.
| Feature | Ellevest | Zerodha |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ellevest and Zerodha offer live chat support. Both provide phone support. Email support is available at both brokers. Ellevest supports 2 languages and Zerodha supports 13, giving Zerodha broader global reach. Both brokers are comparable on support quality.
| Feature | Ellevest | Zerodha |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |