v2026 - Production Ready

Zerodha Clone App - White-Label Multi-Broker Trading Platform

Multi-Broker Trading, Algos and Live Market Data in One Platform

Equity, F&O, commodities, currency, ETFs, IPOs, mutual funds and bonds – one platform, every Indian market segment. Ready for international expansion when you are.

Launch within 6 days using

  • Multi-Broker
  • Algo-Ready
  • Real-Time
  • SEBI-Aligned
  • White-Label
  • API-First
MXZerodha admin · OperationsLive
Trades placed today18,640
Brokers live8
Segments9

Streaming order tape

  • Accounts clearedOnboarding
  • Bracket order filledOrders
  • Order routed to UpstoxBroker layer
  • Margin warning at 90%Risk
  • GTT trigger firedGTT
  • Basket order executedOrders
  • Broker API key rotatedCredential vault
  • Tax report exportedReports
  • Accounts clearedOnboarding
  • Bracket order filledOrders
  • Order routed to UpstoxBroker layer
  • Margin warning at 90%Risk
  • GTT trigger firedGTT
  • Basket order executedOrders
  • Broker API key rotatedCredential vault
  • Tax report exportedReports
App in action
Eight broker integrationsbehind one unified order layer

Brokerage Snapshot

8
Broker Integrations

Zerodha, Upstox, Angel One and five more, pre-wired

6
Brokerage Earning Engines

brokerage, subscriptions, API tiers, referrals, margin, licensing

5
Algo Strategies

breakout, mean reversion, momentum, grid and scalping

7
SDK Languages

JavaScript, Python, Ruby, PHP, Java, C# and Go

Every Market Segment From Day One

Equity, futures and options, commodities, currency, ETFs, IPOs, mutual funds and bonds on a single platform.

Real-Time Data From Five Sources

Five aggregated market feeds delivered over websockets, which is the part of a trading platform you cannot fake.

Ready to launch your own Zerodha-style trading platform?Talk to Product Expert

Around the world, 6,000+ companies are our clients

Miracuves named one of the best managed IT service providers in New York City by Expertise.comMiracuves is an official member of Forbes Business CouncilMiracuves is a verified agency with design rush.Miracuves is reviewed on TrustpilotMiracuves is one of the top managed service providers, companies by themanifest.Miracuves ranked as a top software development company by Design Rush.Miracuves is recognized as top software developed company by goodfirms.Miracuves Ranked among top 1000 companies globally by ClutchMiracuves is a top-minus service provider in the United States by Clutch

01See it live

Live in Action

Zerodha Clone Demo - Live Platform, Admin Dashboard, Investor Portal & Android App

You do not have to trust our description: sign in to the Miracuves Zerodha Clone and try it. Four live environments are ready with real credentials and nothing to install. Go through each layer of the product before making a decision.

mxzodha.mimeld.comDesktop dashboard with market ticker, portfolio value, margins, indices, news, and watchlist
Live demo
Trader Web App

Zerodha Clone - Trader Web App

Full trading terminal - live order entry, market depth, options chain, positions, holdings and real-time P&L across every connected broker.

  1. 1Open the web app in any browser
  2. 2Sign in with the demo credentials below
  3. 3Explore: Order entry, Positions, Holdings, GTT
Try:trader@mxzodha.com | Demo@123
mxzodha.mimeld.comDesktop portfolio holdings table beneath top gainers and top losers panels
Live demo
Investor Portal

Long-Term Investor Portal

Built for delivery investors - mutual fund SIPs, IPO applications, portfolio analytics, tax reports and sector allocation in one view.

  1. 1Open the investor portal in your browser
  2. 2Explore: Holdings, SIPs, IPOs, Tax reports
Try:investor@mxzodha.com | Demo@123
mxzodha.mimeld.comAdmin command center with users, orders, revenue, AUM, trading volume, and API performance
Live demo
Broker Back Office

Web-Based Admin Dashboard

28+ operational sections - user and KYC management, broker connections, risk controls, finance, audit logs and system health.

  1. 1Browse to the admin panel to get started
  2. 2Explore: Users, KYC, Brokers, Risk, Finance
Try:admin@mxzodha.com | Demo@123
Mobile trading home dashboard with indices, portfolio value, P&L, and quick actionsMobile watchlist for Reliance, TCS, HDFC, Infosys, and Tata Motors with recent orders
Live demo
Android App

Zerodha Clone - Android App

Branded mobile trading with push notifications for order fills, price alerts and margin calls, plus biometric login and offline portfolio view.

  1. 1Install the Android app on your phone
  2. 2Explore: Orders, Positions, Alerts, Portfolio
Try:demo@mxzodha.com | Demo@123

See It Trade

Zerodha Clone Video Demo: Multi-Broker Flow, Algo Engine & Admin Walkthrough

Want a guided tour? Book a 30-minute call with our team and map your trading platform launch – broker set, market segments, algo strategies and go-live timeline.

Schedule a live walkthrough call.

Each Terminal View Charted

Zerodha Clone App Flows - Trader, Investor, Admin & Broker Screens

See how every part of the platform behaves by following the flows one step at a time, written for broker operators, administrators, investors and traders.

MXZerodha onboarding page showing indices, watchlists, and order-flow previews
MXZerodha onboarding page showing portfolio allocation and profit-and-loss insights
Mobile login form with User, Trader, and Investor demo profile shortcuts
Mobile trading home dashboard with indices, portfolio value, P&L, and quick actions
Mobile product hub with trading actions, market news, heatmap, earnings, and screener tools
Mobile watchlist for Reliance, TCS, HDFC, Infosys, and Tata Motors with recent orders
Reliance Industries mobile quote with chart, market statistics, and Buy, Sell, and GTT actions
Mobile portfolio summary with total value, invested capital, P&L, and benchmark chart
Mobile portfolio tools for tax reports, attribution, statements, funds, and performance
Mobile mutual fund holdings card showing four funds and total value
Mobile watchlist with stock search, sorting, screener, alerts, charts, and heatmap
Mobile order book with bracket, cover, futures, currency, and commodity tools
Mobile account page with profile, security, bank, KYC, nominee, documents, and funds options
Mobile settings for biometric login, notifications, display, charts, brokers, and price alerts
Mobile broker connection page with Zerodha connected and additional broker options
Mobile trading toolkit with options chain, strategy builder, Greeks, payoff, and risk analysis
Mobile NIFTY options strategy builder with presets, expiry dates, and custom legs
Mobile profile section with broker shortcuts, subscription plans, billing, tax, and rewards
Mobile Reliance overnight limit buy order showing quantity, status, validity, and charges
Mobile mutual fund discovery page with categories, SIP calculator, and Axis Bluechip Fund
Mobile IPO center with calendar, listing metrics, and a Nova Tech offering
Mobile bond page featuring a Government of India bond and return calculator
MXZerodha launch screen reading India’s smartest trading desk while market data syncs
23 screens · scroll →
Desktop MXZerodha login page with demo profiles, credentials, Google, and Apple sign-in
Dark landing page presenting zero brokerage, fast execution, security, support, and charting
Dark MXZerodha hero page with portfolio watchlist and professional trading statistics
Desktop stock list with prices, changes, volume, and 52-week ranges
Desktop dashboard with market ticker, portfolio value, margins, indices, news, and watchlist
Desktop watchlist table with active and triggered stock-price alerts
Desktop equities table filtered by exchange and sector with market statistics
Desktop portfolio holdings table beneath top gainers and top losers panels
Desktop NIFTY options chain with open interest, strikes, volatility, and put-call ratio
Desktop options strategy builder with preset strategies, custom leg, payoff, metrics, and Greeks
Desktop mutual fund list with NAV, risk, returns, and assets under management
Desktop IPO page with listed, open, and upcoming offerings and subscription data
Desktop bond portfolio with SGB, government, and corporate securities
Desktop Reliance price chart with indicators, time ranges, and Buy and Sell buttons
Desktop stock screener comparing valuation, yield, profitability, market cap, and volume
Desktop social feed with shared trades, strategy posts, trending topics, and suggested traders
Desktop trading forum with categories, trending discussions, member totals, and recent topics
Desktop portfolio report with equity curve, return metrics, monthly results, and allocation
Desktop SGB page with open, closed, and upcoming government gold-bond issues
Desktop help center with trading, portfolio, funds, charts, community, IPO, and options guides
20 screens · scroll →
Admin users dashboard with KYC states, role analytics, portfolio metrics, and user table
Admin infrastructure dashboard with CPU, memory, latency, database, uptime, and service health
Admin command center with users, orders, revenue, AUM, trading volume, and API performance
Admin market data dashboard with indices, exchanges, feeds, latency, and top instruments
Admin insurance dashboard with policies, premiums, claims, providers, and commissions
Admin broker integrations dashboard with connection, API, user, latency, and error metrics
Admin broker connections for Zerodha, Upstox, Angel One, 5Paisa, ICICI, and Alice Blue
Admin trading controls with order volume, positions, P&L, margin, risk, and circuit breakers
Admin API dashboard with keys, call volume, response time, errors, rate limits, and status codes
Admin commission structures for Zerodha equity delivery and intraday brokerage
Dark admin analytics dashboard with report totals, category distribution, and generation trends
Admin integration settings with broker and payment gateway health statuses
12 screens · scroll →
Would you like a guided tour of a particular flow?Browse Our Solutions

02Proof

Client Voices

Zerodha Clone Client Reviews - Real Brokers, Measured Outcomes

Feedback from founders and brokerages who launched trading platforms with Miracuves. Client identities withheld under NDA.

HHead of OperationsTrading Platform Operator - name withheld under NDA
“The admin console is genuinely what sold us. Twenty-eight sections meant our two-person operations team could run KYC review, broker health, risk limits and payment reconciliation from day one, without us stopping to build internal tooling before we could onboard a single real user.”
CCTOBroker-Dealer - name withheld under NDA
“Our compliance team went through the VAPT document line by line before they would approve the project. Having the OWASP mapping, the audit trail design and the credential handling written down up front turned what is normally a three-month review into something much shorter.”
PPartnerProprietary Trading Desk - name withheld under NDA
“We run five strategies across three broker accounts. Being able to deploy the same strategy code against different brokers without rewriting connectors changed how we operate - we now switch brokers on commercial terms rather than on whichever integration we happen to have working.”
FFounderMulti-Broker Trading Platform - name withheld under NDA
“We evaluated building this in-house and the estimate came back at eighteen months before we would have had anything a customer could log into. Miracuves had us live in weeks with all eight brokers connected. The broker abstraction layer alone would have taken our team the better part of a year, and we would have got it wrong the first time.”
Read More Client TestimonialsFounders, CTOs and operator teams on our testimonials page

Proof in Production

Zerodha Clone Case Study - Multi-Broker Trading Platform Deployment

How a trading operator launched a multi-broker platform on the Miracuves Zerodha Clone. Client identity withheld under NDA.

Case Study
Multi-Broker Trading Platform

A production trading platform connecting multiple Indian brokers under one unified order layer.

Name withheld under NDAClient
IndiaRegion
Capital Markets & BrokingIndustry
8Brokers connected
9Market segments live
6 wksKickoff to launch day
Admin broker connections for Zerodha, Upstox, Angel One, 5Paisa, ICICI, and Alice Blue
Challenges
  • Maintaining eight broker integrations without a dedicated team
  • Unified portfolio and P&L across separate broker accounts
  • SEBI-aligned KYC, audit trails and retention from day one
Goal
  • Launch a multi-broker trading platform without building integrations
  • Give traders one order book across every broker they already use
  • Give the operations team one console for orders, risk and reconciliation
Engineered at Miracuves
  • A unified order layer routing to eight broker APIs
  • Consolidated portfolio and P&L across every linked account
  • Strategy builder with paper trading before live deployment
  • KYC, audit trail and retention workflows aligned to SEBI
  • Auto-scaling infrastructure sized for market-open load
“Eight broker connections behind one order screen is what our desk actually needed. The consolidated P&L ended the morning reconciliation spreadsheet.”Head of Trading Operations · Multi-broker trading platform - name withheld under NDA
Speak with our deskSee how a multi-broker trading platform was deployed end to end.

03The product

The Basics

Zerodha Clone App: What's the Product?

A Zerodha Clone is a ready-made, white-label trading platform that recreates the core experience of India’s leading discount broker – order placement, live market data, portfolio tracking, watchlists and charting – while adding capabilities that most single-broker applications never offer. It is a working product foundation rather than a template or a UI kit.

Laptop, tablet, and phone showing MXZerodha admin controls, charts, and portfolio views

Web, Mobile & Programmatic

Responsive web platform, branded Android app and a 7-language SDK - one backend serving every surface.

Every Indian Market Segment

Equity, futures, options, commodities, currency, ETFs, IPOs, mutual funds and bonds under one login.

Broker-Agnostic by Design

Adding a broker means writing one adapter - orders, trades and positions never change.

Built for Web, Android & API

What Is It?

The architectural difference is what matters commercially. Rather than binding your platform to one brokerage, it sits above eight broker APIs behind a unified abstraction layer. Your users connect the accounts they already hold and see one portfolio, one order book and one profit-and-loss statement across all of them. Adding a broker later means writing a single adapter, not reworking your order engine.

Dark MXZerodha hero page with portfolio watchlist and professional trading statistics
  1. 018 broker integrations, one order layer
  2. 025 algo strategies with paper trading
  3. 03Real-time data from 5 aggregated sources
  4. 0428+ admin sections, no custom tooling
  5. 05Cloud, on-premise or hybrid deployment

Everything a modern trading operation needs is included as part of the same system – algorithmic execution with five pre-built strategies, real-time WebSocket data aggregated from five sources, social and copy trading, dual payment gateways, comprehensive reporting, and a twenty-eight section admin console. Because it shares one data model rather than stitching separate tools together, orders, positions, payments and reports reconcile against each other by construction.

Everything Included

Zerodha Clone Features - Multi-Broker Orders, Algo Engine & Real-Time Market Data

Our Zerodha Clone ships with everything traders expect from a modern Indian broking platform – and everything operators need to run it profitably from day one.

Feature 01 / 12

Complete Order Suite

Market, limit, stop-loss and SL-M orders with day and IOC validity, modification and instant cancellation.

  • Market, limit, SL and SL-M order types
  • Day and IOC validity
  • Modify price, quantity and disclosed quantity
  • Cancel in real time
Feature 02 / 12

Advanced Order Types

Bracket, cover, AMO, basket, iceberg and smart-routed orders for disciplined execution and reduced market impact.

  • Bracket orders with target and stop-loss legs
  • Cover orders with mandatory SL
  • AMO for after-hours placement
  • Basket and iceberg execution
Feature 03 / 12

GTT - Good Till Triggered

Server-side triggers that fire even when the user is offline. Single-leg, two-leg and OCO conditions supported.

  • Single-leg, two-leg and OCO trigger conditions
  • Server-side evaluation
  • Fires when the user is offline
  • Full trigger history retained
Feature 04 / 12

Multi-Broker Connectivity

Eight broker integrations behind one unified order layer. Add a broker without touching order, trade or position logic.

  • Zerodha, Upstox, 5 Paisa, Alice Blue
  • Angel One, ICICI Direct, Groww
  • Demo broker for onboarding
  • One adapter interface per broker
Feature 05 / 12

Algo Trading Engine

Five pre-built strategies with visual configuration, paper trading, live deployment and real-time performance dashboards.

  • Breakout, mean reversion, momentum
  • Grid and scalping strategies
  • Paper trading before live capital
  • Pause and resume without losing config
Feature 06 / 12

Real-Time Market Data

Five aggregated sources, WebSocket delivery under 200ms, 5x5 market depth and multiple candle timeframes.

  • NSE, Yahoo, AlphaVantage, TradingView, Investing
  • WebSocket delivery with Redis fan-out
  • 5×5 market depth
  • Automatic source failover
Feature 07 / 12

Options Chain & Greeks

Full options chain with delta, gamma, theta and vega per position, IV rank and a multi-leg strategy builder.

  • Full chain with strike selection
  • Delta, gamma, theta and vega per position
  • IV rank and percentiles
  • Multi-leg strategy builder
Feature 08 / 12

Unified Portfolio View

Holdings, positions and margin aggregated across every connected broker with live mark-to-market P&L.

  • Holdings and positions across all brokers
  • Live mark-to-market P&L
  • Average cost and day change
  • Sector allocation breakdown
Feature 09 / 12

Risk & Margin Engine

Per-user limits, progressive margin warnings at 80/90/100%, automated square-off and a full audit trail.

  • Per-user position and order value caps
  • Margin warnings at 80/90/100%
  • Automated square-off on shortfall
  • Immutable square-off audit
Feature 10 / 12

Social & Copy Trading

Community feed, forum, leaderboard and copy trading with configurable position sizing and risk limits.

  • Community feed and threaded forum
  • Performance leaderboard
  • Copy trading with risk limits
  • Direct messaging between users
Feature 11 / 12

Reports & Tax

P&L statements, capital gains, turnover and tax reports exportable to PDF, Excel and CSV.

  • Realized and unrealized P&L
  • Short and long-term capital gains
  • Turnover and tax reports
  • PDF, Excel and CSV export
Feature 12 / 12

7-Language SDK

JavaScript, Python, Ruby, PHP, Java, C# and Go - with API keys, scopes, rate limits and webhooks.

  • JavaScript, Python, Ruby, PHP
  • Java, C# and Go clients
  • Scoped API keys with rate limits
  • Outbound webhooks for platform events

Every capability above is included in the base platform – no feature gating, no per-module licensing.

Talk to Our Team

Operating It Takes No Developer Team

Zerodha Clone Admin Dashboard - Users, KYC, Brokers, Risk & Compliance

A trading platform only becomes commercially useful when it is easy to operate. The admin console covers 28+ sections so a small team can run a multi-broker operation without building internal tooling.

Admin command center with users, orders, revenue, AUM, trading volume, and API performance
Admin broker connections for Zerodha, Upstox, Angel One, 5Paisa, ICICI, and Alice Blue

Admin Dashboard Sections

  • 01

    User & Role Management

    Create, suspend and delete accounts, assign roles, force logout and export user data for compliance.

  • 02

    Account Vetting Queue

    Document preview, approve or reject with reason codes, request resubmission and track status per user.

  • 03

    Broker Configuration

    Add credentials, test connections, set commission structures and monitor real-time broker API health.

  • 04

    Trading Oversight

    View every order and position platform-wide, with cancel authority and full audit attribution.

  • 05

    Risk Management

    Position size caps, daily loss limits, margin thresholds and automated square-off rules per user.

  • 06

    Finance & Ledger

    Double-entry ledger, brokerage revenue, invoice generation and payment gateway configuration.

  • 07

    Market Data Control

    Configure and test the five data sources, manage failover order and maintain the instrument master.

  • 08

    Per-Client Toggles

    Toggle features per environment with percentage rollouts and A/B variants - no deployment needed.

System Health

Database, Redis, WebSocket and BullMQ job status with queue depth and failed-job recovery.

  • Broker connection health at a glance
  • Queue depth and processing lag
  • Database and cache status
  • All on one operations dashboard

Audit & Regulation

Immutable log of every admin action with before/after state, filterable and exportable for regulators.

  • Every administrative action permission-checked
  • Written to an immutable audit log
  • Before and after state captured per change
  • Actor and timestamp recorded on every entry
Feature flags let you roll changes out gradually by environment or user segment without a deployment.Talk to Our Team

04Contents and cost of the package

The Full Package

Code, Apps & Rollout Come With the Zerodha Clone

When you choose the Miracuves Zerodha Clone you don’t get a single build – you get a complete, deployable trading system with source code and documentation.

Desktop dashboard with market ticker, portfolio value, margins, indices, news, and watchlist
01

Trader Web Platform

Next.js 16 frontend with 70+ pages covering trading, portfolio, markets, social and payments.

  • Next.js 16 App Router
  • 70+ pages across trading, portfolio, markets, social and payments
  • Tailwind and Shadcn UI
  • Fully responsive
02

Android App

Branded mobile trading with push notifications, biometric login and offline portfolio caching.

  • Branded Android build
  • Push notifications for fills and alerts
  • Biometric login
  • Offline portfolio caching
Mobile trading home dashboard with indices, portfolio value, P&L, and quick actions
03

NestJS Backend

60+ modules covering orders, positions, holdings, brokers, market data, risk, payments and social.

  • NestJS with 60+ modules
  • Orders, positions, holdings, brokers
  • Market data, risk, payments, social
  • Swagger-documented REST
Admin users dashboard with KYC states, role analytics, portfolio metrics, and user table
04

Desk Control Panel

28+ operational sections with role-based access and complete audit logging.

  • 28+ admin sections
  • Role-based access control
  • Complete audit logging
  • Feature flag management
05

Every Line of Code

pnpm + Turborepo monorepo with shared type, UI, database and order packages - yours to modify.

  • pnpm workspaces with Turborepo
  • Shared type, UI, database and order packages
  • Prisma schema and migrations
  • Yours to modify
06

7-Language SDK

JavaScript, Python, Ruby, PHP, Java, C# and Go client libraries with generated API docs.

  • JavaScript, Python, Ruby, PHP, Java, C#, Go
  • Generated API documentation
  • Published to package registries
  • Versioned releases
07

Engineer Reference Guide

ERD, schema interpretation, API collection, developer handbook, VAPT posture and whitepaper.

  • ERD and schema interpretation
  • API collection
  • Developer and security handbook
  • VAPT posture and whitepaper
08

Rollout & Assistance

Docker and Kubernetes configs for cloud, on-premise or hybrid, with launch support included.

  • Docker and Kubernetes configs
  • Cloud, on-premise or hybrid
  • Health and readiness probes
  • Launch support included
Everything is handed over. There is no hosted dependency on Miracuves once you are live.Talk to Our Team

Clear Price List

How Much Does It Cost to Build a Zerodha-Like Trading Platform in 2026?

Building a Zerodha-style multi-broker trading platform with Miracuves typically starts from around $15,999 for a launch-ready white-label Zerodha Clone and increases based on features, broker set, market segments, compliance scope and infrastructure complexity.

Brokers' Pick

Professional

ReadyMade Broker Kit
$15,999/-single outlay
Go-live: 6 days

Suits: Broking startups, neo-broker founders, prop desks & wealth platforms

The solution you receive matches what our demo shows, carrying your branding and hosted on your own infrastructure.

Get Started

Enterprise

Tailored, Licensed & Peak-Load
Customquote
Go-live: Based on final scope

Suits: Established brokerages, financial institutions, SEBI-regulated entities & international expansion

Alternatively, commission a custom project designed around your situation and business needs.

Request a Quote

05Who it is for

Know Your Buyer

Which Broker Types Is Our Zerodha Clone App Built For?

The platform is designed for operators who want trading infrastructure without building it – from fintech founders launching their first product to established brokerages modernizing their stack.

Audience 01 / 06Proprietary Trading Desks

You run systematic strategies and need execution that does not break when you change brokers. The broker abstraction layer means strategy code stays untouched when you add or switch a connection, while audit trails, square-off history and risk limits give you the operational controls a desk needs to stay disciplined.

Audience 02 / 06Family Offices & RIAs

You manage capital across several broker accounts and reconcile positions by hand. A consolidated portfolio view with per-client segmentation, exportable reporting and role-based access removes the daily spreadsheet work and gives you a single defensible record for client reviews and compliance requests.

Audience 03 / 06Algo & Quant Traders

You write strategies in Python, Go or JavaScript and want to deploy them without maintaining broker connectors yourself. Scoped API keys, rate limits, outbound webhooks and seven client libraries give you programmatic access, while paper trading lets you validate behavior before committing real capital.

Audience 04 / 06Platform Builders & Agencies

You are building a product for someone else and trading is one component of it. Full source-code ownership, white-label theming and a documented API surface let you embed the platform beneath your own brand, integrate it with existing systems, and support clients without depending on a vendor roadmap.

Audience 05 / 06Fintech Founders & Neo-Brokers

You want to enter the trading market with a credible product rather than a prototype. Instead of spending twelve to eighteen months building broker connectivity, order management and market data from zero, you start from a launch-ready foundation and spend your time on positioning, acquisition and the features that actually differentiate you.

Audience 06 / 06Broker-Dealers Modernizing

Your back office works but your client-facing experience is dated, and rebuilding it internally means diverting engineers away from operations. A white-label front end lets you offer a modern trading interface under your own brand while your existing brokerage relationships, compliance processes and settlement flows stay exactly where they are.

If your business depends on market access, execution quality, client trust and recurring revenue, a trading platform is infrastructure – not a feature.

Talk to Our Team

Use Cases Served

Zerodha Clone Use Cases - Neo-Broking, Prop Desks & Wealth Platforms

RetailDiscount BrokingLaunch a low-cost broking product with your own brokerage structure, targeting retail traders who want a modern interface and access to every market segment from a single login. You control pricing, positioning and the customer relationship rather than renting it from an incumbent platform.

Multi-Account TradersMulti-Broker Aggregation Platform

Serve the traders who already hold two or three broker accounts and reconcile their portfolios by hand. One order book, one consolidated profit-and-loss statement and one watchlist across every connection – this is the gap no mainstream Indian platform currently fills.

01
Mobile broker connection page with Zerodha connected and additional broker options
QuantSystematicAlgo & Quant Trading Product

Package the algo engine and SDK ecosystem as a standalone product for quantitative traders. Monetize through strategy slots, API rate tiers and paper-trading access, targeting users who currently maintain their own broker connectors and would rather not.

02
Desktop options strategy builder with preset strategies, custom leg, payoff, metrics, and Greeks
AdvisorsRIAsAdvisory & Managed Accounts Desk

Equip advisors managing multiple client accounts with bulk order placement, per-client portfolio segmentation and consolidated compliance-ready reporting. The operational time saved on daily reconciliation is usually the argument that closes this segment.

03
Desktop portfolio report with equity curve, return metrics, monthly results, and allocation
CommunitySocialSocial & Copy Trading Network

Build a community-first trading product around the leaderboard, activity feed and copy-trading engine. Social features drive retention and referral in a category where acquisition costs are high and switching is otherwise easy.

04
Desktop social feed with shared trades, strategy posts, trending topics, and suggested traders
EnterpriseWhite-LabelWhite-Label for Partner Brokerages

Deploy under a partner brokerage’s brand with their broker set, their fee structure and their compliance requirements. White-label licensing turns the platform into infrastructure that others build businesses on, at materially higher contract values.

05
Admin commission structures for Zerodha equity delivery and intraday brokerage
Education, Research & Portfolio Tools

The same engine also supports adjacent models – trading education platforms that need a working product alongside their content, research and advisory businesses distributing calls through a real interface, and broker-agnostic portfolio tools for users who want visibility without changing brokers.

06
Desktop trading forum with categories, trending discussions, member totals, and recent topics

Trading is no longer a niche activity for Indian consumers. It has become mainstream financial behavior, and in that market the platform that owns the interface owns the relationship, the data and the pricing power.

Book a Free Strategy Call

Industries

Industries We Serve

  1. 01Discount Broking
  2. 02Full-Service Brokerages
  3. 03Wealth Management
  4. 04Proprietary Trading Desks
  5. 05Wealth Boutiques
  6. 06Algo & Quant Funds
  7. 07Fintech Startups
  8. 08Investment Advisory (RIA)
  9. 09Cross-Border Brokerage
  10. 10Multi-Asset Platforms
  11. 11Trading Education
  12. 12Brokerage White-Label

The Zerodha Clone suits any operator entering or expanding within the trading, investment and financial technology ecosystem. Stock trading startups launch branded platforms for retail participants. Fintech companies bolt a trading layer onto an existing product. Broker-dealers modernize client-facing systems without touching the back office. Algo trading businesses package strategy tooling for quantitative users. Trading educators wrap a working product around their content. WealthTech platforms add portfolio analytics and investment workflows. Proprietary desks run internal trading operations with proper oversight. White-label agencies deploy branded fintech products for their own clients.

Miracuves’ Zerodha Clone is built as a high-performance, broker-agnostic trading platform that adapts to the market you are actually operating in – Indian capital markets by default, with international exchange integrations available as a customization. Whether you are launching a discount broking product, extending an existing fintech offering, or deploying under a partner’s brand, the same foundation supports it. What changes is the configuration, the branding and the commercial model, not the underlying engineering.

06Under the hood

Order to Settlement

How the Zerodha Clone Works - Onboarding, Broker Link, Order Flow & Settlement

A trading platform feels simple on the surface but runs on a structured pipeline underneath. Here is the path from signup to settled trade.

User Journey - From Signup to First Trade

  1. Mobile login form with User, Trader, and Investor demo profile shortcuts
    1Register & Verify Identity

    New users create an account and complete regulatory KYC before any trading permission is granted.

    • Email or mobile sign-up with verification token
    • TOTP two-factor enrollment via any authenticator app
    • PAN, Aadhaar, bank and address verified as separate gates
  2. Mobile broker connection page with Zerodha connected and additional broker options
    2Connect a Broker Account

    The trader links any of the eight supported brokers and the platform validates the connection immediately.

    • OAuth where the broker supports it, API key where it does not
    • Credentials encrypted at rest and never written to logs
    • Capability flags record which features that broker allows
  3. Mobile portfolio summary with total value, invested capital, P&L, and benchmark chart
    3Synchronize the Portfolio

    Holdings, positions, margin and fund balances are pulled from every connected broker into one unified model.

    • Consolidated holdings and open positions in a single view
    • Margin state and available funds aggregated per broker
    • Corporate actions applied automatically to delivery holdings
  4. Reliance Industries mobile quote with chart, market statistics, and Buy, Sell, and GTT actions
    4Place an Order

    Before anything reaches the exchange, the order passes pre-trade risk and margin validation.

    • Market, limit, SL, SL-M plus bracket, cover, AMO and GTT
    • Risk limits and available margin checked before submission
    • Live status streamed over WebSocket as the order fills
  5. Mobile watchlist for Reliance, TCS, HDFC, Infosys, and Tata Motors with recent orders
    5Execution & Position Update

    Each fill writes an immutable trade record with the complete charge breakdown.

    • Brokerage, STT, transaction charges and GST itemized per trade
    • Positions revalue tick by tick through the session
    • Partial fills tracked with pending quantity maintained
  6. Mobile trading toolkit with options chain, strategy builder, Greeks, payoff, and risk analysis
    6Settle, Report & Reconcile

    T+1 settlement flows into holdings and every record becomes export-ready for tax and audit.

    • T+1 quantities tracked into demat holdings
    • P&L, capital gains and turnover reports on demand
    • PDF, Excel and CSV export for filing and reconciliation
Trade Lifecycle ChartTrader LoginBroker SetupLive Market DataOrder ExecutionPositions & HoldingsRisk & LedgerReports & Analytics

How It’s Built

How the Zerodha Clone Platform Is Architected, Backend Flow Included

Talk to Our Team
  1. Layer 01

    Broker Abstraction Layer

    Every broker implements one adapter interface. Orders, trades and positions never change when a broker is added or swapped.

  2. Layer 02

    Order Management Pipeline

    Validation → risk check → margin verification → broker submission → fill reconciliation, each stage independently observable.

  3. Layer 03

    Real-Time Data Fan-Out

    Five sources aggregate into Redis, then fan out over Socket.io to subscribed clients with automatic source failover.

  4. Layer 04

    Async Job Processing

    BullMQ queues separate order execution, market data, notifications, reporting and audit sync by priority.

  5. Layer 05

    Dual-Gateway Payments

    A unified payment record abstracts Razorpay and Stripe, so the margin engine never depends on a processor.

  6. Layer 06

    Immutable Audit Layer

    Fund transactions, trade records and audit logs are append-only, giving forensic-grade traceability for regulators.

Under the Hood

Technology Behind the Zerodha Clone: Next.js, NestJS, PostgreSQL and WebSocket Infrastructure

Under the hood, a Zerodha-style trading platform needs low-latency market data, transactional integrity and horizontally scalable APIs. Miracuves uses a modern, deployment-ready technology stack built for order execution, real-time feeds and operator control.

Frontend

Web & App Interface

Next.js 16 (Web) · Android (Mobile)
  • App Router with React 18 server components
  • SEO-indexable instrument and marketing pages
  • Branded Android app with push and biometrics
Backend

Backend Rules & API

NestJS (TypeScript)
  • 60+ modules across orders, positions and risk
  • Typed DTO validation on every endpoint
  • Swagger-documented REST for SDK generation
Database

User, Order & Transaction Data

PostgreSQL 16 / Prisma
  • ACID-compliant order, trade and ledger records
  • Versioned migrations across environments
  • Indexed for fast portfolio and report queries
Tick by Tick

Real-Time Market Data

Socket.io · Redis Pub/Sub
  • Live quotes, depth and order status streaming
  • Redis fan-out for horizontal WebSocket scale
  • Auto-reconnect with delta sync on drop
Queues

Async Processing & Queues

BullMQ · Redis
  • Order execution kept off the blocking path
  • Notifications, reports and audit sync queued
  • Exponential backoff with dead-letter handling
Infrastructure

Infrastructure & Delivery

Docker · Turborepo · CDN
  • Cloud, on-premise or hybrid deployment
  • Health and readiness probes for orchestration
  • CDN assets, TLS enforced, five-layer rate limits
Engineering team takeaway:

the stack is deliberately mainstream – Next.js, NestJS, PostgreSQL and Redis. Your internal team can extend modules, add broker adapters, integrate third-party tools and move between clouds without depending on a proprietary framework or niche skill set.

Talk to Our Team

Build to Scale

Built to Scale - Low-Latency Execution, WebSocket Fan-Out & High Order Volume

Trading platforms fail in public. When markets gap at the open, or a result announcement sends volume through a single scrip, the platform is judged on the worst thirty seconds of the day rather than the average. The architecture below is designed for that peak, not for a quiet Tuesday afternoon.

01

Sub-500ms Order Placement

Target latency from click to broker acknowledgement stays under 500ms, with API reads under 100ms and writes under 300ms at the 95th percentile.

02

10,000 Concurrent WebSockets

Per-instance connection capacity, scaled horizontally through the Redis adapter, with automatic reconnect and delta sync so dropped clients never see stale prices.

03
Primary feedSecondary feedFailover

Market Data Under 200ms

Target end-to-end delivery from exchange feed to user dashboard, with automatic failover to a secondary source inside five seconds if the primary degrades.

04
API serversOrder workersReport workers

Stateless Horizontal Scale

API servers and queue workers scale independently - more order-execution workers through the session, more reporting workers overnight, capacity following the market.

05

Partitioned High-Volume Tables

Orders, trades, OHLCV candles and audit logs are designed for time-based partitioning from day one, because retrofitting it onto a live trading database is not comfortable.

06

99.5% Uptime Target

Graceful degradation when a single broker API fails, health and readiness probes for orchestration, and queued retry with backoff rather than dropped orders.

Order placement targets sub-500ms latency from click to broker acknowledgement, with API reads under 100ms and writes under 300ms at the 95th percentile. The order path is deliberately kept free of non-essential work - market data enrichment, notification dispatch and reporting all move to background queues so nothing blocks an execution.

WebSocket capacity runs to 10,000 concurrent connections per instance, scaled horizontally through the Redis adapter so multiple server processes share room state. Clients reconnect automatically with exponential backoff and perform a delta sync on reconnect, so a dropped connection during volatile trading does not leave a trader looking at stale prices.

Market data targets sub-200ms end-to-end delivery from exchange feed to user dashboard. Five sources are aggregated behind one interface, and if the primary degrades the platform fails over to a secondary within five seconds - a trader should never be the person who discovers your data provider is down.

API servers and queue workers are stateless, so they scale independently of each other. You run more order-execution workers through the trading session and fewer overnight, while reporting and audit-sync workers run on the opposite schedule. Capacity follows the market rather than sitting idle at a fixed size.

The high-volume tables - orders, trades, OHLCV candles and audit logs - are designed for time-based partitioning from the outset. A single instrument on one-minute candles generates roughly 375 rows per trading day; across a few thousand instruments that compounds quickly, and retrofitting partitioning onto a live trading database is not a comfortable exercise.

For founders and CTOs, a heads-up: you can start on a single node and scale out later without re-architecting. Nothing in the design assumes a fixed topology, a single region, or a particular cloud - the same codebase runs on one container or across an autoscaling cluster.

Talk to Our Team

07Security and compliance

Built to Be Audited

Zerodha Clone Security - OWASP-Mapped, VAPT-Ready & SEBI-Aligned

When you run a trading platform you are handling client funds, KYC documents and order flow. Security is designed in from the data model up – and documented well enough to survive enterprise procurement.

  1. 01 · OWASP

    OWASP Top 10 (2021) Mapped

    Every category from broken access control to SSRF mapped to an implemented control with evidence.

    • Input Protection & Injection Defense: Every request passes through sanitization middleware before it reaches business logic, with context-aware encoding that varies by rendering target. All endpoints validate through typed DTOs with whitelist enforcement, so unexpected fields are rejected rather than silently accepted. Database access runs exclusively through parameterized ORM queries, removing string-concatenation injection paths entirely.
  2. 02 · VAPT

    VAPT-Ready Documentation

    A complete security posture document for buyer due diligence, with annual third-party penetration testing.

    • Data Privacy, Export & Erasure: Users can request a full export of their account data, delivered asynchronously through a signed, time-limited download link. Deletion runs a staged workflow that validates no pending transactions or regulatory holds exist, then anonymizes personal identifiers while retaining financial audit records in anonymized form - satisfying erasure requests without breaking compliance retention.
  3. 03 · Encryption

    Encrypted Data & Secure Config

    AES-256 at rest, TLS 1.2+ in transit, bcrypt password hashing and no card data stored locally.

    • Payment Security & PCI Scope Reduction: No card data, CVV or PIN is stored locally, which keeps your PCI-DSS scope materially smaller than a platform that handles card details directly. Razorpay and Stripe webhooks are verified server-side with HMAC-SHA256 signatures and timestamp tolerance checks, so replayed or forged payment callbacks are rejected before they touch the funds model or the margin engine.
  4. 04 · Auth

    Multi-Layer Authentication

    15-minute JWT tokens, refresh rotation, TOTP 2FA, OAuth, progressive lockout and login anomaly detection.

    • Multi-Layer Rate Limiting & Abuse Prevention: Throttling is enforced at five independent layers - global middleware, stricter limits on authentication routes, separate admin thresholds, per-API-key quotas, and infrastructure-level IP limits upstream of the application. Login anomaly detection tracks failed attempt patterns, unusual geolocations and device fingerprint changes, escalating lockout duration as repeated failures accumulate.
  5. 05 · RBAC

    Role-Based Access Control

    Four-tier model - USER, BROKER_ADMIN, ADMIN, SUPERADMIN - enforced server-side by named route guards.

    • Broker Credential Vault: Per-user broker API keys and secrets are the most sensitive data on the platform, because they authorize real trades on real accounts. They are encrypted at rest, excluded from application logs and error responses by design, and accessed only through a credential layer with audited reads. Key rotation is supported without downtime or user re-authentication.
  6. 06 · Audit

    Tamper-Proof Audit Log

    Append-only logs of every admin action, KYC transition and broker connection, with configurable retention.

    • SEBI-Aligned Operational Compliance: Trading platforms operating in Indian markets carry record-keeping and audit obligations that are difficult to retrofit later. KYC submissions are tracked stage by stage with individual verification gates for PAN, Aadhaar, bank and address. Trade records, fund movements and admin actions are written append-only, so regulatory examination or dispute resolution works from a complete history rather than reconstructed data.

A candid word to operators: from client funds and KYC documents to broker credentials and order flow, every sensitive surface is encrypted, access-controlled and audit-logged.

Discuss Security & Compliance With Us

Licensing Notice

Zerodha Clone Compliance - Software Scope, Licensing and Broker Partners

What you buy with a Zerodha clone is software, and it is not a broking license. Miracuves develops the platform layer and delivers it to you, covering the trading web platform, the Android app, a unified order layer with broker adapters, portfolio and P&L, real-time market data, admin controls, audit trails, risk and margin controls and KYC workflows. Settling trades, keeping client funds and securities, and sending client orders to an exchange all count as regulated activities. They belong to whoever is licensed, meaning a registration your own company holds, or the brokers, registered in their own right, that the platform reaches through their official APIs. Our build follows the APIs of those brokers. It does not stand in for them, and Miracuves does not act as a broker.

Holding live fiat requires integration with a licensed BaaS / EMI sponsor bank. In its architecture the software is ready for PCI-DSS & ISO 27001.

“Ready” means the architecture is built to the controls those frameworks require: payment credentials tokenized at the processor rather than stored as card numbers, encryption in transit and at rest, role-based access with segregated admin roles, immutable audit logging and environment separation. Your certification audit therefore starts from a compliant codebase instead of a rebuild. It is not a certificate. Miracuves holds no PCI-DSS or ISO 27001 certification on your behalf and displays no compliance badge without the certificate behind it. Certification is issued to the operating entity, against its own environment, processes and hosting.

Code Coverage Only

You receive the source code and own it. It covers the trading web platform plus an Android app, with a unified order layer whose adapters reach eight brokers, role-based admin access, append-only audit logs, risk and margin controls, KYC workflows with a gate of its own for PAN, Aadhaar, bank and address, portfolio and P&L, and real-time market data.

License-Only Scope

Accepting client orders for execution on an exchange, holding client funds and securities, maintaining demat accounts, settling trades, and reporting to the regulator and the exchanges. That authority sits with a registered stock broker and depository participant, either your own registration or your broker partners’. Software cannot substitute for it.

Card Data Handling and PCI-DSS Boundaries

Deposits and withdrawals run through Razorpay, Stripe and UPI rails, and the platform stores no card data, CVV or PIN locally. Cardholder data stays inside your processor’s certified environment, which keeps your own PCI-DSS assessment scope as narrow as your integration allows.

Region Sets the Path

What is required depends on the market. India calls for SEBI stock-broker registration plus depository-participant registration, together with exchange and depository membership; US firms need an SEC broker-dealer registration plus FINRA membership; the UK requires FCA authorization. Securities counsel or your broker partners can confirm which route applies to you. Legal, licensing and regulatory advice is not something Miracuves provides.

08Grow the platform

Starter scopeMXZerodha
  • Multi-broker trading
  • Algo engine
  • Real-time market data
  • Admin & compliance

How add-ons work

  1. 1
    Add modules as required

    Select modules for launch or later; nothing in the core has to be redone.

  2. 2
    Quoted by module scope

    A written scope and separate price accompany each module.

  3. 3
    Handed over as repository

    As with the core, the source code is delivered and belongs to you.

Ask About Custom Modules

Go Further

Zerodha Clone Add-Ons - International Markets, Custom Brokers & Trading Insights Suite

Out of the box the platform is complete and ready to launch. The modules below are the ones operators most often add once they know their market – either to reach a segment the base product does not cover, or to differentiate against competitors running similar infrastructure.

  • Segments & routes

    Native iOS & Android Apps

    Fully native mobile clients built as a separate project alongside the responsive web application that ships with the base platform.

    iOS · Android · Native
  • Segments & routes

    International Markets & Multi-Currency

    Extend beyond INR to US equities and other international segments, with multi-currency positions, settlement and reporting throughout.

    US Markets · NASDAQ · NYSE
  • Revenue modules

    Mutual Fund SIP Automation

    Mandate setup ships in the base product. Full auto-debit execution against a recurring SIP schedule is the add-on that completes the flow.

    Mutual Funds · Auto-Debit
  • Revenue modules

    IPO Financing & Margin Funding

    Leveraged IPO applications and margin funding against existing holdings, with the exposure, limit and repayment logic that lending requires.

    IPO · Margin Funding
  • Risk & derivatives

    Options Greeks Auto-Hedging

    Automated delta and gamma hedging against a live options book, extending the Greeks the platform already calculates and surfaces.

    Derivatives · Risk Desks
  • Revenue modules

    Strategy Marketplace

    A two-sided marketplace where quantitative traders publish strategies and subscribers deploy them, with revenue share handled on the platform.

    Quant · Third-Party Strategists
  • Risk & derivatives

    Institutional Risk Analytics

    Basel-aligned exposure reporting, stress testing and capital-adequacy analytics for deployments serving institutional trading desks.

    Enterprise · Basel · Risk
  • Segments & routes

    Additional Brokers & Languages

    Adapters beyond the eight shipped broker connections, plus interface languages beyond English and Hindi, built to the existing adapter and locale patterns.

    Any Broker · Regional Languages

Other Fintech Builds

Building in the Fintech Space? We Have the Entire Financial Stack Covered.

The Zerodha Clone is one platform in a complete financial technology suite. If your roadmap extends beyond trading, these connect naturally.

Revolut clone across desktop, tablet, and mobile with customer balances, transactions, spending charts, wallet actions, and the public banking website01
Pick it if: You want a full neobank with cards and FXRevolut Clone

Full digital banking and BaaS platform - multi-currency accounts, cards, FX and compliance controls.

Explore Solution
Wise clone app development visual showing multi-currency wallet, transfers, recipients, business accounts, KYC, admin dashboard, transaction monitoring, reporting insights, white-label branding, source code, and cross-border payments02
Pick it if: Moving money across borders is the productWise Clone

Cross-border remittance with multi-currency wallets, transparent FX and KYC-ready onboarding.

Explore Solution
NeoBank clone03
Choose it when: your product centers on everyday retail bankingNeobank Clone

Branded digital-first banking for regional and niche market launches.

Explore Solution
White-label Groww Clone trading platform displayed across laptop, tablet and mobile screens with portfolio dashboards, market analytics and admin controls04
Pick it if: Long-term investing and SIPs come firstGroww Clone

KYC onboarding, SIPs, tax tools and goal-based portfolios in one multi-asset investing platform.

Explore Solution
CatalogAll 90+ solutions

09The business case

Operator Income Paths

Zerodha Clone Revenue Models - Brokerage, Subscriptions, API Tiers & Referrals

A trading platform earns in more ways than brokerage alone, and the operators who do well are usually the ones who build several revenue lines rather than depending on transaction volume. Every lever below is supported natively and configured from the admin console.

  1. 01

    Per-Trade Brokerage

    Operator-defined brokerage per segment and per broker, with slab structures and tier overrides configurable in admin.

  2. 02

    Plan Tiers

    Free through Institutional plans gating broker count, algo strategies, order limits and API access.

  3. 03

    API Access Tiers

    Programmatic access sold by rate limit and scope - a natural B2B revenue line for algo traders and partners.

  4. 04

    Broker Referral Revenue

    Earn recurring revenue when users open broker accounts through your platform, by volume or flat referral fee.

  5. 05

    Payment Gateway Margin

    Apply transaction fees on deposits and withdrawals across Razorpay, Stripe and direct UPI rails.

  6. 06

    White-Label Sub-Licensing

    License your branded platform onward to partner brokers, with usage-based pricing that scales as they grow.

Zerodha clone revenue lines checked against what real Indian platforms publish for brokerage, subscriptions, data access and referrals, with the limit on each.
Revenue streamHow it is chargedTake rateTypical rangeWhat sets the ceiling
Per-Trade BrokerageA flat or capped percentage fee per executed order, set separately for each market segment.Zerodha: Rs 0 delivery; lower of Rs 20 or 0.03% intraday and futures; flat Rs 20 options.Rival price lists. Groww prices equity at the lower of Rs 20 or 0.1%, so zero-delivery has to be paid for by intraday and F&O. SEBI charges and 18% GST on brokerage sit on top.
Plan TiersA subscription that raises order limits, strategy counts and data depth, priced per month.TradingView India: Rs 995, 2,095, 4,195 and 17,333 per month on annual billing.Free-tier generosity. TradingView's Basic plan is Rs 0 with no time limit, so a paid tier must offer something a free account cannot.
API Access TiersA monthly fee for programmatic data and streaming, with a free tier covering personal order management.Kite Connect: Rs 0 Personal; Rs 500 per month Connect with WebSocket and candles.Free-tier pull. Order, GTT and alert management are free, so you earn only on real-time streaming and history. Alpaca prices the same split at 99 USD for unlimited calls.
Broker Referral RevenuePoints or a share of brokerage when a referred user opens an account and starts trading.Zerodha: 10% of referred clients' brokerage, plus 300 reward points per account.Exchange rules. Brokerage sharing stopped in August 2024 after an NSE circular, resumed on 1 June 2026, and pays out from 1 August 2026.
Payment Gateway MarginWhat the processor deducts from each deposit, which you either absorb or pass on to the user.Razorpay: 2% on cards and netbanking; 0.99% on UPI QR payments.Zero-charge rule. Small UPI deposits (Rs 2,000 and under) and RuPay debit cannot be charged by banks or system providers, so a margin on them is hard to justify.

How to read this. Order pricing is from Zerodha and Groww; API tiers are Kite Connect and Alpaca plans. TradingView prices come from its pricing page, and referral terms from Zerodha support. Processor fees are on Razorpay's list, and the charge ban is reported by Law Chakra. All are published list terms and describe the benchmark firms, never a clone's takings. Plug them into a model as assumptions to test.

None of this requires code changes or a redeployment. Brokerage slabs, subscription tiers, API rate limits and referral arrangements are all operator-configurable, so you can adjust pricing as you learn what your market actually pays for.Talk to Our Team

Market Benchmarks

Online Investing and Trading Market Benchmarks - Independent 2025-2026 Data

The revenue models listed earlier are our own, but the figures after this paragraph are not. Each comes from the National Stock Exchange of India, Plus500, Groww's annual report or the Bank for International Settlements, and is repeated exactly as published. Read together, they show the size of the retail investor base, the earnings of a broker operating at scale, and how large the currency market is.

NSE01

13.2 Crore Registered Investors on NSE

The National Stock Exchange of India's Market Pulse for July 2026 reports 13.2 crore unique registered PANs as of 30 June 2026, which is 132 million investors. The same publication records 1,328 trading members and coverage of more than 99 percent of Indian pin codes, so the addressable base for a retail broking app is large and still widening.

Groww (FY2026)02

16.7m Active Users and Rs 46,446m Revenue at Groww

Groww's annual report for the year to 31 March 2026 describes India's largest retail broking platform by active clients, serving over 16.7 million active users. Consolidated revenue from operations reached Rs 46,446 million, up 19 percent, and profit after tax Rs 20,830 million, a listed incumbent's reference point for revenue and profit at scale.

Plus50003

$3,268 Revenue per Active CFD Customer in 2025

Plus500, a listed CFD and forex broker, reported FY 2025 group revenue of $792.4 million from 242,440 active customers. Average revenue per user grew 8 percent to a record $3,268, and average deposit per active customer reached about $26,900, in preliminary results published on 9 February 2026.

BIS04

$9.6tn a Day Traded in Global FX in April 2025

The Bank for International Settlements' 2025 Triennial Central Bank Survey found that over-the-counter foreign exchange turnover averaged $9.6 trillion per day in April 2025, a 28 percent increase from $7.5 trillion per day in the 2022 survey. The US dollar was on one side of 89.2 percent of all trades.

Cited from public sources.

National Stock Exchange of India, Economic Policy and Research, Market Pulse, July 2026 (Vol. 8, Issue 7), August 2026 - nsearchives.nseindia.com

Billionbrains Garage Ventures Limited (Groww), Annual Report 2025-26, filed 30 July 2026 - nsearchives.nseindia.com

Plus500 Ltd, FY 2025 Preliminary Results, RNS 1899S, 9 February 2026 - data.fca.org.uk

Bank for International Settlements, OTC foreign exchange turnover in April 2025, Triennial Central Bank Survey, 30 September 2025 - bis.org

All figures are the publishers’ own reported numbers, reproduced as published. They describe the market and listed companies, not the performance of any platform Miracuves builds, and nothing here is a revenue projection for your business.

Market Timing

Why Launch a Zerodha-Style Trading Platform in 2026?

Retail participation in Indian markets has grown substantially, algorithmic execution keeps taking share of overall volume, and a new generation of traders expects real-time, mobile-first, socially connected platforms as a baseline rather than a differentiator. Operators still running legacy infrastructure are structurally disadvantaged in that environment – not because their brokerage is worse, but because the experience around it is.

01

Own the Relationship, Not Rent It

Build a branded platform where you control the interface, the fee structure, the customer data and the pricing power - instead of renting distribution from an incumbent.

02

Multi-Broker Is the Unmet Need

No mainstream Indian platform unifies broker accounts today. Traders holding two or three logins reconcile portfolios by hand, which is a real and unaddressed problem.

03

Algo Access Is Still a Gap

Retail algo traders either hand-code broker connectors or pay high fees to third-party platforms with thin coverage. Built-in strategies plus an SDK removes both barriers at once.

04

Compliance Becomes a Moat

SEBI-aligned KYC, retention and audit infrastructure is painful to retrofit and slow for competitors to match. Building it in from the start is a durable advantage.

05

Revenue Beyond Brokerage

Subscription tiers, API access plans and broker referral income diversify away from per-trade economics, which matters when volumes are seasonal and competition compresses pricing.

06

Skip Twelve to Eighteen Months

Broker integrations, real-time market data, order management and risk enforcement already exist, tested and documented. That is the part teams consistently underestimate.

Key Metrics

8

Broker Integrations

70+

Frontend Pages

60

Backend Modules

7

SDK Languages

The window matters. User acquisition in fintech is expensive and compounding: platforms that launch credible products early capture attention and word-of-mouth that late entrants have to buy back through marketing spend. An eight to twelve month delay is not neutral – it is the cost of the users your competitors sign in the meantime.

Business Case in Brief

Marketability, Revenue Potential & Where Revenue Heads

A trading platform is not only a technology product – it is a recurring-revenue business with unusually high switching costs. Once a user has connected their brokers, built watchlists, configured alerts and deployed strategies, moving to a competitor means rebuilding all of it. Retention compounds in a way it simply does not for most consumer software.

  1. 01

    High Switching Cost

    Once users connect brokers, build watchlists and run strategies, moving platforms is genuinely painful. Retention compounds.

  2. 02

    Multiple Revenue Lines

    Brokerage, subscriptions, API tiers, referral income and payment margin - diversified from day one.

  3. 03

    Structural Market Tailwind

    Retail participation and algo share are both rising in Indian markets, expanding the addressable base.

  4. 04

    Enterprise Upsell Path

    Retail launch first, then white-label licensing to partner brokers at materially higher contract values.

Core Earning Lines
  • Per-trade brokerage configured per segment
  • Subscription tiers gating broker count and algo access
  • API plans sold by rate limit
  • Broker referral share
  • Transaction margin on deposits and withdrawals
Lasting Upside

Retention compounds.

  1. 01Every connected broker deepens lock-in
  2. 02Every deployed strategy raises switching cost
  3. 03Retail launch first, then white-label licensing to partner brokers
  4. 04Every white-label partner turns the platform into infrastructure others build on
Illustrative P&L Cases

These are not promises, but realistic business patterns trading platforms can aim for based on active-trader base, pricing tiers, broker partnerships, API adoption, and market execution.

Model A – Focused Broking Platform1K-5K Active Traders~ Subscription + brokerage potential

Revenue can come from monthly subscription tiers, per-trade brokerage, premium analytics, and paid alert packs.

Best suited for niche broking startups, regional trading platforms, advisory-led communities, trading educators, and early-stage operators validating demand before scaling acquisition.

Model B – Multi-Broker Aggregator~ 50K Active Traders~ Subscription + API + referral model

Revenue can come from tiered subscriptions, API access plans, broker referral share, premium data packs, and copy-trading fees.

Best suited for funded fintech startups, multi-broker aggregators, algo communities, wealth platforms, and operators scaling beyond an initial trader base.

Model C – Enterprise & White-Label100K+ Traders / PartnersFull platform revenue engine potential

Revenue can come from a stronger mix of subscriptions, brokerage, API tiers, white-label licensing, enterprise deployments, and partner revenue sharing.

Best suited for established brokerages, financial institutions, large fintech brands, prop desks, and SaaS operators licensing the platform onward to their own clients.

10Why Miracuves

Why Miracuves

How Miracuves Compares With Other Zerodha Clone Developers

There are many ways to build a trading platform: generic scripts, freelancers, agencies, or white-label infrastructure.

What Draws Brokers to Miracuves

  • 01

    Launch in Weeks, Not Months

    Six days to deployment against 12-18 months for an internal build of equivalent scope.

  • 02

    Real Multi-Broker Architecture

    Eight integrations already absorbed - the part teams consistently underestimate and most scripts skip entirely.

  • 03

    Own the Entire Source

    The complete monorepo is yours to modify, extend and deploy. No vendor lock-in, no roadmap dependency.

  • 04

    Docs Written for Large Teams

    ERD, schema, API collection, developer handbook and VAPT posture - enough to pass procurement review.

  • 05

    Security Designed In

    OWASP-mapped controls, encrypted broker credentials and immutable audit trails, not bolted on afterwards.

  • 06

    Deployment Flexibility

    Cloud, on-premise or hybrid - including Indian data residency for operators with regulatory constraints.

Compare the Options and See Why Clients Choose Us, the #1 Partner for Ready-Made Clone Solutions

CriteriaMiracuvesMiracuves Zerodha CloneGeneric Clone ScriptCustom Dev Agency
Time to Launch6 days (Production)Unknown / DIY6-9+ months
Source-Code Ownership✔ FullOften limited / encryptedUsually yes
Feature Depth (Zerodha-like)High (multi-broker, algo, real-time data)Basic (basic order & feed only)Depends on budget
Security & ComplianceStrong (ISO mindset, GDPR-ready)MinimalVaries widely
Scalability & PerformanceCloud & CDN-optimizedRarely consideredDepends on architecture
Monetization OptionsMultiple (brokerage, subscriptions, API tiers)Limited / needs custom workCustom (more time & cost)
Admin & AnalyticsFull-fledged dashboardVery basic or missingCustom build (extra cost)
Cost vs Speed vs QualityBalancedCheap but riskyHigh cost, slow
Ongoing Support & UpdatesAvailable with clear plansUsually noneDepends on contract
Not every route to a trading platform ends in a product you can actually operate. Here is where we differ.Talk to Our Team

Changelog

Release Log for the Zerodha Clone: Version History plus Upgrades

VersionDateWhat’s New
v2026.3May 2026Stability release - bug fixes across order management, WebSocket reconnection and portfolio sync reconciliation.
v2026.2Mar 2026Added three broker integrations - Alice Blue, Groww and Demo broker - bringing total supported brokers to eight.
v2026.1Feb 2026Initial release - multi-broker trading platform with five broker integrations, algo engine, real-time market data and full admin console.

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Product5 questions

01How is the term Zerodha Clone App to be understood?

A Zerodha Clone App is a ready-made, white-label stock trading platform modeled on the experience Zerodha made popular in Indian discount broking: order placement, live market data, portfolio tracking, watchlists and charting. The Miracuves Zerodha Clone (MXZerodha) adds algorithmic execution and connects to eight Indian brokers through one unified order layer, and ships as a trader web platform, an investor portal, an Android app and an admin console under your own brand.

02Which brokers does it connect to?

Eight integrations ship with the platform: Zerodha, Upstox, 5 Paisa, Alice Blue, Angel One, ICICI Direct and Groww, plus a Demo broker for testing and onboarding. Traders link the accounts they already hold and see one portfolio, one order book and one P&L across all of them.

03Can I add a broker that isn’t on the list?

Yes. Each broker implements a single adapter interface, so adding one means writing that adapter, with no changes to order, trade or position logic. Adapters beyond the eight shipped connections are available as a Miracuves add-on, built to the same pattern.

04Does it support international markets?

Indian market segments are supported out of the box: equity, futures and options, commodities, currency, ETFs, IPOs, mutual funds and bonds. International exchange integrations such as NASDAQ and NYSE, with multi-currency positions, settlement and reporting, are available as a customization.

05How do I make money from it?

Through the revenue lines discount brokers like Zerodha are built on, plus a few they are not: per-trade brokerage by segment and broker, subscription tiers, API access plans, broker referral revenue, payment gateway margin on deposits and withdrawals, and white-label sub-licensing to partner brokers. All of them are configured from the admin console, without code changes or a redeployment.

Spend & schedule3 questions

06What does it cost to build an app like Zerodha in 2026?

The Miracuves Zerodha Clone is a fixed one-time price of $15,999 for the launch-ready white-label platform, with full source code. Building the same broker connectivity, order management and market data in-house typically takes 12 to 18 months. Additional brokers, international markets and compliance-heavy enterprise deployments are quoted separately, in writing, before any work starts.

07What is the timeline to go live?

Miracuves needs 6 working days for its part, during which the platform gets your branding and is deployed to your server. Some inputs remain yours to provide: brand assets, hosting access and broker API credentials, along with your own SEBI registration and, for regulated deployments, compliance sign-off, each of which runs on its own timeline. The 6-day commitment is set out on the Miracuves facts page.

08Which support comes with the platform after go-live?

From launch, each ready-made Miracuves solution comes with three periods of cover: dedicated platform guidance for 60 days, then continuous product evolution that lasts 12 months and priority bug resolution that lasts 6 months. Full technical documentation and deployment assistance come with it. Support is staffed 10:00-19:00 IST, Monday to Saturday, with a first response in under 2 hours. A dedicated VAPT engagement and extended-term support can both be added as options.

Licensing & risk controls2 questions

09Is a Zerodha clone app lawful to launch?

Yes. The phrase Zerodha clone names a software category and does not mean a duplicate of Zerodha. The Miracuves product has no code, design or content lifted from Zerodha, it launches under your own brand, and it reaches brokers through their official APIs. Your regulatory route is what decides whether a launch is lawful. In India, anyone who executes client orders and holds client funds and securities needs a SEBI registration as a stock-broker and depository participant; US firms need SEC broker-dealer registration plus FINRA membership, and UK firms need FCA authorization. The holder can be your company, or else the brokers you connect to, provided they are registered. Miracuves supplies the software and does not give legal or licensing advice.

10Is the platform secure enough for enterprise buyers?

The design target is passing a procurement review. Included is a VAPT posture document that maps to OWASP Top 10 (2021), plus TOTP two-factor authentication, TLS 1.2+ for data in transit, AES-256 at-rest encryption, an encrypted vault for broker credentials, append-only audit logs, and a four-tier role model enforced on the server side. No certificate is held by Miracuves for you; your operating entity gets certified against its own environment.

Ownership & Miracuves3 questions

11Do I take delivery of the source code?

Yes. You receive the complete monorepo with full ownership: the Next.js frontend, NestJS backend, Prisma schema, shared packages and all seven SDKs. There is no hosted dependency on Miracuves once you are live.

12Can I deploy on-premise?

Yes. Cloud, on-premise and hybrid deployments are all supported, with Docker and Kubernetes configs included, and the platform can be hosted in India for operators with data-residency requirements.

13Why pick Miracuves for a Zerodha clone build?

Since 2010 the company has completed 9,000+ projects across 6,000+ clients, and its catalog runs to 90+ ready-made clone solutions, among them neobanking, remittance, investing and trading fintech platforms. The Zerodha Clone has already gone into production: a trading platform with multi-broker support went live on it, connected to eight brokers, and its client is named only under NDA. The Miracuves facts page publishes each company figure together with its scope.

Disclaimer

Miracuves is an independent software development company. We are not affiliated with, connected to, sponsored by, or endorsed by Zerodha.

Read our full Legal Notice & Disclaimer →
Behind the brand name

“Zerodha Clone” is used descriptively. It is how the software industry refers to building a platform with functionality similar to Zerodha, and how clients search for it.

Team and ownership

The entire design and codebase is built by our own team. The product contains no code, design, graphics, or content originating from the Zerodha website or applications.

Trademarks

Zerodha and all other third-party names and marks are the property of their respective owners, referenced here solely to describe the category of software offered.