Broker comparison
Zerodha vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Zerodha and Arrow from published official pricing and features — no affiliation with either broker.
| Metric | Zerodha | Arrow |
|---|---|---|
| Delivery brokerage | ₹0 (free) | ₹0 (free) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat, options) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | ₹300 per year | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | ₹200 (online) | ₹0 (free) |
| Trading API | Kite Connect — See official Kite Connect pricing page | Arrow API — See official docs |
| Reported execution speed | ≈ 80 ms (median) | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - via Kite Connect API | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | Kite (web), Kite (mobile), Console, Coin | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Self-directed investors and traders who want low, predictable costs and a stable platform. | Latency-sensitive and professional traders who prioritise order-execution speed. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Both publish execution-speed figures (Zerodha: ≈ 80 ms (median); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Zerodha full profile
- Arrow full profile
- Zerodha brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Zerodha vs Arrow: which has lower delivery brokerage?
At our last review, Zerodha published delivery brokerage as "₹0 (free)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Zerodha or Arrow have a trading API?
Both have documented APIs at review time: Zerodha (Kite Connect), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Zerodha or Arrow?
Zerodha publishes ≈ 80 ms (median); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Zerodha - official website - https://zerodha.com
- Zerodha - official pricing - https://zerodha.com/charges/
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing