Zerodha India's No.1 Discount Broker
Zerodha Review 2023 (Brokerages, Comparison, Trading Platform & More)
The best stockbroker in India is Zerodha. Zerodha is the first discount broker to offer 0% brokerage fees on stock delivery for Demat accounts and a flat fee of Rs 20 for each individual deal on F&O and intraday. Read More About Zerodha Review 2023 ,Compare, Brokerages and many more.
It is one of the biggest and most well-known brokers, offering online flat fee discount brokerage fees to invest in bonds, government securities, direct mutual funds, futures, and options.
For direct mutual fund and equity delivery trades, Zerodha charges no brokerage fees. It charges a fixed fee of Rs 20 or 0.03% (whichever is lesser) for intraday and futures trades.
Additionally, it charges a flat fee of Rs. 20 for each executed order for options transactions. A trading platform with cutting-edge charting capabilities that is extremely quick and simple to use.
Zerodha Top Results 2023
For trading stocks, Zerodha is a fantastic choice. It’s simple to use and offers speedy transactions thanks to its ultra-flagship trading platform (Kite) and very cheap brokerage fees. They actively welcome user input and the development of new services, which shows that they are constantly thinking about you.
Over 1 crore customers of Zerodha, a solely Indian brokerage, and financial services firm, contribute daily to 22% of total retail order volumes via trading and investing.
The biggest brokerage, with more than one billion clients, the most active traders, and the greatest trading volume on both the NSE and BSE exchanges.
Zerodha has one of the lowest complaints-to-active-client ratios of any brokerage in India and almost debt-free unicorn status.
Is Zerodha safe for trading?
Yes, Off course Zerodha is safe in all aspects of trading. Zerodha is a well-known online discount brokerage in India that offers trading services for stocks, currencies, commodities, and other financial instruments.
As a licensed broker, Zerodha is governed by the Securities and Exchange Board of India (SEBI), which also oversees the integrity of the Indian securities market.
Zerodha has developed a solid reputation for offering a trustworthy and secure trading platform and has put in place a variety of security measures to safeguard customer information and assets.
For instance, Zerodha secures login credentials using two-factor authentication (2FA) and runs an SSL-encrypted website to guarantee the security of every data transfer.
Introduction
Zerodha, a well-known Indian discount brokerage business established in 2010, provides online trading and investing services. Nithin Kamath(CEO) created the company. A popular option for Indian investors, Zerodha is known for its cutting-edge technology and affordable brokerage services.
It is today one of India’s leading brokerage businesses with over 1 CRORE customer. Numerous accolades and awards have been given to Zerodha, including the “Most Innovative Broker” title given by NSE in 2019.Zerodha is a participant in the Central Depository Services Limited (CDSL), the Bombay Stock Exchange (BSE), and the National Stock Exchange of India (NSE).
For commodities, currencies, and equity derivatives, they provide online trading and investment services. Through its True Beacon platform, the business also offers portfolio management, research and analysis, and AIF investments. It conducts more than 70 lakh deals daily and has more than one crore customers.
Modern technology is used by the technology-driven business Zerodha to provide its customers with an exceptional experience. The business’s mobile app and website are easy to use and provide an excellent user experience. They have a solid reputation for offering top-notch customer support.
The trading and investment platform Zerodha is incredibly secure and safe. The business has taken a number of steps to safeguard the security of its customers’ money. They filed a registration form with SEBI, the Securities and Exchange Board of India.
All customer monies are kept in separate bank accounts. To safeguard its customers’ money from market dangers, Zerodha also has a strong risk management system in place.
Zerodha Overall Rating
Zerodha Online Rating
Brokerage & Fees
Mobile Trading App
Investment Options
Customer Services
Research Reports
Markets Education
User Experience
3 in 1 Demat Account
Zerodha Account Opening Charges 2023
For creating an online account with Zerodha, there are 200 rupees in fees. The annual maintenance charge for a demat account is Rs 300 annually.
Status
Charges
Online Account Opening Fee
Rs. 200/- on time
Annual Maintenance Charges(AMC)
Rs. 300/- Annually
Zerodha Brokerage Charges 2023
Zerodha uses theage framework, charging a f finest brokerlat fee of Rs 20 or 0.03% (whichever is lesser) for each order that is successfully completed. On the delivery of equities, there are no brokerage fees. Both an upfront cost and a turnover promise are absent.
Status
Charges
Equity Delivery
Zero Brokerage/ No Brokerage
Equity Intraday
Flat Rs 20 maximum or Rs 0.03 minimum per executed order
Equity Options
Flat Rs. 20 per Order Executed
Equity Future
Flat Rs 20 maximum or Rs 0.03 minimum per executed order
Currency Options
Flat Rs. 20 per Order Executed
Currency Futures
Flat Rs 20 maximum or Rs 0.03 minimum per executed order
Commodity Option
Flat Rs. 20 per Order Executed
Commodity Futures
Flat Rs 20 maximum or Rs 0.03 minimum per executed order
Mutual Fund
Free Unlimited Direct Mutual Funds
Zerodha Hidden Charges 2023
Type of Charges
Charges
Call & Trade Services
₹50
Admin Square Off Charges
₹50
Demat Debit Charges
₹7 + ₹5.5 (CDSL Charges)
Physical contract note
₹20 plus applicable courier charges.
Physical Delivery
0.2% of the contract value
Cheque Bounce Charges
₹0
Payment Gateway
₹0
Pledge Request
₹0
Unpledge Request
₹0
Pledge Invocation
₹0
Dematerialization Charges
₹0
Rematerialization Charges
₹0
Conversion of MF Units / Destatementisation
₹0
Stamp Charges
₹50/-
Periodic Statement
₹0 charges by Email. ₹50 + courier charges at actuals for physical statements
Additional Delivery Instruction Book (5 leaves)
₹100 + courier charges at actuals
Modification in Client Master List (CML)
₹50/-
Modification in KRA / Download
₹50/-
Transfer of shares from FYERS Demat to other Demat
₹12.5 + GST per scrip
Transfer of shares from other Demat to FYERS
₹0/-
Zerodha Types of Account offering
India’s Zerodha is a reputable brokerage that provides its customers with a variety of accounts. The many Zerodha account types include:
- Equity Delivery: Investors who wish to invest in the Indian stock market with Zerodha as their stockbroker should choose this account type. You may only engage in delivery-based equity transactions with this account type.
- Equity Intraday: If you are an intraday trader, Zerodha’s Equity Intraday account type is the most appropriate for you. You may only engage in intraday trading in the Indian stock market with this account type.
- Commodity: For investors who wish to deal in commodities like gold, silver, etc., Zerodha also provides a commodity trading account. You will get access to live charts and real-time commodities prices with this account type. You may also utilise the Kite online platform’s sophisticated capabilities for your commodities trading need.
- Currency Futures: Zerodha provides a currency futures account type for investors who wish to trade currency futures. With this account option, you will get live charts for currency pairings and real-time quotations for currency pairs for better trend analysis. You may also utilise Kite’s sophisticated capabilities for your currency futures trading requirements.
- Account 3in1 Demat: With the Zerodha-IDFC FIRST Bank 3-in-1 account, banking and investing are effortless. A Zerodha-IDFC FIRST Bank 3-in-1 account has the following advantages: Without further identification or fees, funds may be transferred instantly from a bank account to a trading account. Transfers of funds are permitted indefinitely.
Online Account Opening Charges
There is a flat fee of 200 rupees for creating an online account with Zerodha. Can be paid through UPI, Phonepe wallets, debit cards, and net banking at the Zerodha Account Opening Portal.
Investments Options
Zerodha is the best choice since they provide a wide range of trading and investing options and are at the forefront of the financial business in several fields.the direct mutual funds. without the aid of a management team or investment advisor, invest in more than 2000 direct mutualfunds.
Trade commodities on the Multi Commodity Exchange of India, including metals, oil, and agricultural items. Trading in futures and options on equities and indices is permitted on the National Stock Exchange of India.
IPO Investment: Using an online eMandate, a user may submit an IPO application via Zerodha. Using the banking system and BHIM UPI, you may invest in companies that are coming public on Indian stock exchanges.
a Zerodha gift stock You might inspire your loved ones to start long-term investing by gifting them stocks, ETFs, mutual funds, and gold bonds. A handy gift that will stand the test of time
Set Income Products: Invest in bonds with yields higher than bank FDs and gold electronically to obtain market gains with a set 2.5% yearly return on the invested money. The Indian government has guaranteed these bonds.
Investment Products
Yes/No
Stock /IPOs
Options Selling
Government Bonds
Future Trading
Fixed Income
Options Max Leg
Insurance
REITs
Gold ETF
Sovereign Gold Bonds
Small Case (Thematic Investments)
SIP
Banking Service
Due to SEBI regulations that require customers to keep their equities and commodities account balances separate, Zerodha has two bank accounts. Here are a few ways to transfer money to the account of your choosing.
After you make a deposit, the funds will ultimately be updated in your trading account depending on the mode of transfer.
Mode of Transfer
Charges
Time taken
UPI
Free
Instant
Payment Gateway
Rs.9+18% GST
Instant
NEFT/RTGS
Free at Zerodha, bank charges may apply
Within 2 hours
IMPS
Free at Zerodha, bank charges may apply
Within 10 minutes
Cheque
Free
3 to 5 days
E-Mandates
Free
Instant
Withdraw Funds – Normally, funds are credited to the bank account one day before we process withdrawal requests. Before the deadline, requests are processed and repaid to the bank account often within 24 hours. If it is submitted later, it will take an additional day (for a total of 48 hours) before the money is transferred into your account.
Withdrawal day
Cut-off time for Equity,F&O,currency
Cut- off time for commodity
Weekday
10:00 pm
8 :00 AM
Saturday
4:30 pm
4:00 PM
Sunday or Public holiday
Withdrawal will process next working day
Withdrawal will process next working day
Trading Platform
Zerodha continuously making investments in cutting-edge technology to provide its customers access to one of the best trading platforms in India. They created special trading programmes just for users. A range of free trading platforms, websites, and mobile apps are offered to its customers.
A kite named after ZerodhaThe industry leader in India for online trading, Zerodha’s proprietary platform Kite makes trading on PC and mobile devices simple.
Kite is the most advanced trading and investing platform that is also the most user-friendly. Kite differs from other platforms in that it makes stock trading easier than ever by fusing cutting-edge technology with excellent usability.
Over 90,000 stocks and F&O contracts are available for quick exploration. You could save time by doing a search across all exchanges and then filtering results according to a set of criteria.
It is easy to buy, sell, evaluate, and manage your portfolio thanks to a user interface that is straightforward and well-designed. Using only one button click, all chores may be completed.
A high degree of 20 market depth and access to level 3 data. Level 3 gives you the ability to analyse market liquidity and offers deeper understanding of market liquidity, both of which will help you become a trading expert.
When there are any possible risks, the Nudge system actively examines your transactions and alerts you. This encompasses things like speculative stocks, ambiguous financial instruments, and substantial corporate changes.
Your transactions are actively examined by the Nudge system, which alerts you to any possible risks. This includes things like speculative stock prices, mysterious financial instruments, and important corporate moves.
Trading platform Overview
Type of Device
Yes/No
Android App
iPhone APP
Web based platform
Desktop based platform
Desktop based (Mac)
Language Avlaible
12 Language
All Segment Trading
Active Trading Platform
Paper Trading
Trade Backoffice
Alert
Nudge System
Watch List -Total Field
250+
Trading platform Charts & Features
Charts & Features
Yes/No
Trading from Chart Directly
150
Indicators & Studies
150
Drawing Tools
Extensive Historical data
Corporates Events
Custom Charting Interface
Custom Backoffice
Streaming Quates
Historical Trade Breakdown
Automated Analysis
Trade Idea- Technical Analysis
Custom studies
Index Overlays
Option Chain Analyser
Algo Trading
Trade Idea- Back te
Place Order Directly from charts
Price ladder
Types of charts
12
Trading platform Option trading Features
Option trading Features
Yes/No
Option Strategies
Option chains basic
Indicators & Studies
Open Interest Analyser
Option Screener
Technical Signal
IV charts
Stock data
Option Chain & Position Greeks
Option Analysis P&L Charts
Option Position Analysis
Option Position Rolling
Option Chains Analysis
FII DII Data
WhatsApp Alerts
Event Calendar
Trading platform Stock & Investment Research Features
Stock & Investment Research Features
Yes/No
Stock Research -Earning
Stock-Market Mood Index
Stock Research -Insider
Stock Research- Circular
Stock Research-News Updates
ETF Research – Fund Facts
ETF Research- Sector Update
ETF Research -Risk analysis
Mutual Funds -Analysis
Mutual Funds -Ratings
Mutual Funds -Overview
Trading Platform -Product Types Offering
Product Types Offering
Yes/No
Long-term CNC-For Equity Delivery Trades
Intraday MIS-for Intraday Trades in Equity, F&O
NRML(Normal F&O Trades)-F&O Trades without margin leverage (Intraday/Overnight Trades)
Cover Orders -Pre-determined stop-loss orders on intraday market orders.
GTT Orders (Good till triggered)- Orders for Equity Delivery trades that remain active until they’re triggered
AMO(After Market Orders)-Place orders previous day itself for next trading day
ICEBERG Orders- Iceberg orders are a clever way to break up larger quantities into smaller orders and trade them at a time. Every order is filled individually before the next leg is sent to the exchange.
Basket Orders- A basket order lets you place multiple orders all at once.
Alert on Trades- Creates alerts on your trades
SIP on Equity- Creates SIP on yours Equity Delivery trades
Education : Free stock financial markets education
It is possible to learn how to trade and invest with the aid of Zerodha’s huge knowledge base. Reading the Trading Q&A section or the Zerodha Varsity blog are also beneficial for learning more about trading. There is a tonne of written material and video content that you may see. One of these resources is the 60 Days Challenge.
Trading for Beginners
For investors and traders who are just starting out, Zerodha’s low prices and two free trading options make it a desirable alternative. The user-friendly trading systems for the web and mobile devices come with a substantial study library. They provide a wide range of commission-free new age trading and investment options, making it easy for even novice traders to pick the financial instruments that best meet their requirements.
Zerodha Varsity-
Varsity at Zerodha is a collection of entirely free financial and stock market courses founded by Karthik Rangappa. Anyone who would want to use them has access to these classes, which include some of the most comprehensive financial material accessible online.
Trading Q&A-
Would you want to increase your knowledge? TradingQnA is a great place to visit if this is the case. You may get information on everything related to trading or the stock market.
It is divided into sections based on the topic and the quantity of expertise needed. You may also access previously published content on Zerodha, including YouTube videos and recordings of live webinars.
Trading for Beginners
Education on Stocks Investing
Education on Mutual funds
Education on Future Trading
Education on Options Trading
Education on Commodity market
Education on Currency Derivatives
Virtual Trading
Videos
Webinars
Videos
Forums on Trading & Investing
Learning Certificates on Trading
Trading Q&A-
- Investment Research
- Equity & ETF Research
- Mutual funds Research
Customer Service
Any online brokerage firm’s success requires excellent customer service. In order to protect the client experience, we undertake phone assessments in conjunction with a number of consumer research companies throughout India. We completed 120 customer service assessments over a six-week period for our most recent Broker Review. Results for Zerodha are shown on this page.
Customer Feedback:
- Zerodha has received positive reviews from customers for its user-friendly trading platform and competitive brokerage fees.
- Customers have also praised the broker’s customer service, which is known for being responsive and helpful.
- Some customers have expressed concerns about occasional technical glitches on the trading platform, although these are reportedly rare and quickly resolved.
Customer Service Support options
Email Support
Ticketing Response system
Response time from support
Within 2 Hrs
Support portal
Phone Support (Existing Customer)
Phone Support (Prospect Customers)
Call & Trade Support
Live support (Existing Customer)
24/7 Support
Zerodha Exposer & Margin
The maximum margin for intraday trades on Zerodha is 20%, and the highest limit per stock is Rs. 500. This margin, which has a five times leverage on the deal’s worth, depends on it. However, a Zerodha F&O trader on the BSE, NSE, or MCX Intraday would only have a 1.3x margin for trading stock, foreign exchange, and commodities.
Margin intraday square-offs and cover orders for day traders may provide leverage of up to five times and twenty percent, respectively.
Note-:Peak margin regulation was introduced with the goal of regulating brokers so that they don’t provide high leverage to customers. Today, all India-based brokerage firms are subject to the same maximum in-play leverage. To learn more about peak margin circulars, visit
https://drive.google.com/file/d/1ZqD1ZkONp8lZxsUc39YjIhdBL8Q7i3CE/view
SEGMENT
MARGIN
Equity Intraday
20 times Exposer for F&O Listed stocks
Up to 2 times stocks with 20% circuit for intraday (MIS)
Equity Future
6 times Exposer for BO & CO orders 4 times Exposer for MIS Orders |
Equity Options Buying
1.4 times Exposer for BO & CO Orders
No Exposer for MIS Orders
Equity Options Selling
5 Times Exposer for All Trades
Currency Futures
Up to 5 times Exposer for All trades
Commodity Futures
Up to 3 times exposer for non-Agri commodities with CO orders
Up to 2.5 times Exposer for MIS Orders
Zerodha Branches
Zerodha’s low-cost investing approach and sizable user base make it a very well-liked investment platform. This company, which began as an online discount brokerage, has now come to the realisation that it has to have physical offices in order to gain the trust of its clients. They have also grown their own subbranches on top of it.
In reality, there are more than 120 Zerodha branches spread over more than 80 locations in India, with the most of them being found in tier-1 and tier-2 cities. You may visit any office of Zerodha you like since we will discuss every branch in this review and list the places that link to them.
Using the branch locator on the internet, you may identify all of the Zerodha offices and their locations in your area. The tool may be found on zerodha.com’s Contact page, at the bottom of the page.
Zerodha Pros and Cons
Before you open an account with them, you should understand their benefits and drawbacks. Its advantages and disadvantages will help you decide whether Zerodha is a good fit for your financial needs.
Advantages of having Trading & Demat account with Zerodha
An average of 3 crore+ transactions are processed daily from its 1 crore+ clients by Zerodha, the largest stock broker in India. Being the leading stock broker in India, Zerodha also offers the best trading experience for novices to the stock market because to its reputation for security, dependability, and trustworthiness.
The lone broker in India, Zerodha, has received comparatively few complaints over the last 10 years.
No-Brokerage Equity Delivery Trades are a fantastic alternative to investing in fixed income. Compared to other platforms, cash-and-carry (CNC) trading is less risky since there are no brokerage costs associated with buying shares. Delivery trade is less risky than other options since it enables you to transact in real-time without utilizing leverage. No of the amount of the trade, the least expensive share broker in India just charges a flat fee of 0.03%. Each transaction only requires the customer to pay a maximum of Rs 20 in commission.
Zerodha is a self-clearing broker, there are no costs for using their services to trade.
The Kite app from Zerodha offers a sleek and user-friendly interface for stock investing. Their ground-breaking innovations provide a highly user-friendly experience by combining powerful investing approaches with excellent usability.
The Exceptional System of Nudges by Zerodha The Nudge system warns you of any hazards associated with the transactions you’re about to do, like a stock that’s in difficulty and won’t soon be worth anything.
Disadvantages of Zerodha Account
- Zerodha does not include any stock recommendations and advice.
- Non-individual and HUF Demat Accounts are offline.
- a three-in-one demat account linked to a third-party bank account (IDFC First bank)
- Auto square-off of client trades during market closure is charged.
Final Summary Thought on Zerodha
It takes work to win over the commerce community’s trust. For 12 years, Zerodha has effectively provided trustworthy and cutting-edge trading services. It is investor-friendly because of its user-friendly user interface, integrated back office (Console), and educational platform (Varsity). Furthermore, the company has developed close relationships with clients who have assets worth more than 30 billion Rupees on the Zerodha platform.
It takes work to win over the commerce community’s trust. For 12 years, Zerodha has effectively provided trustworthy and cutting-edge trading services. It is investor-friendly because of its user-friendly user interface, integrated back office (Console), and educational platform (Varsity). Furthermore, the company has developed close relationships with clients who have assets worth more than 30 billion Rupees on the Zerodha platform.
Therefore, if you are serious about the stock market, Zerodha is your best alternative for a stock broker.
If you are an active trader and are considering day trading.
If You Are Actively Seeking Free Equity Investments
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