Zerodha Review, Special Offers, Demat, Trading A/C and Brokerage

Zerodha is one of the premium discount brokers and by premium we mean quality. They have changed the game of broking in the industry by their new-age technologies and super low brokerage charges.

This article which you are going to read is a complete Zerodha Review where all your doubts will be answered to give you a clear knowledge about the company.

Whether its brokerage charges, account opening charges, exposure or the margin requirement everything is here in this article, so read on.

Zerodha Highlights
Broker TypeDiscount Broker
Demat Account AMCRs.300 per Annum
Margin RequiredZero
Intraday BrokerageRs.20
Delivery BrokerageZero
ExposureUpto 28x

ZERODHA OFFERS


What do you know about Zerodha?

Let’s start this Zerodha Review with the details about the company. Zerodha is a private discount broker which started its journey in the year 2010 and the founder of the firm is Nithin Kamath. The firm started as a discount broker is a new thing in the market as before this there is very few discount broker in the market.

With Zerodha, the discount broker term became famous and it is for their exceptionally well-designed brokerage plans and other charges that will be discussed in the latter half of the article.

About Zerodha 
Know few details about Zerodha 
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountDiscount Broker
Where is the registered office of Company Located?Bangalore, India
Who is the Founder of this Company?Nithin Kamath
When did the company started?2010

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What are the various Demat Account Opening Charges levied by Zerodha?

Zerodha Demat Account is one of the popular Demat accounts at present especially amongst them who are trading in bulk because of their lowest possible brokerage charges. Zerodha Account Opening charges is only Rs. 300 and you get your Demat account with the CDSL as the firm is registered with CDSL as the depository participant.

The annual maintenance fee you have to pay for the maintenance of your Demat account is Rs. 300 while there are no such charges on the trading account. Moreover, initially the margin money requirement is nil and that’s a huge benefit for the traders.

The account opening and maintenance charges are pretty low as we compare the same with other brokers and thus it is highly pocket-friendly for the new investors and also the regular investors.

Zerodha Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with Zerodha 
Which is the Depository Participant involved?CDSL
What are the Demat account opening charges?Rs.300
How much is the Demat AMC?Rs.300 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Zero
Is dematerialization available?No

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Does Zerodha provide any Offers to their Clients?

Offers are integral part of a broker to attract the client. However, Zerodha has such low brokerage and other charges that it does not require to offer other offers to attract client. Though that doesn’t mean that they do not have any Zerodha Offers.

They offer various kind of discounts on the brokerage charges. So, you can imagine how low your brokerage will be as the charges are already nominal and after getting various discounts, you can trade at really lower rates.

Zerodha Offers
Here are the various offers provided by Zerodha 
Does the broker provide Free Demat A/C offer?No
Does the broker provide Free Trading A/C offer?No
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?No
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?No
Are there any referral offers shared by the broker?No
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by Zerodha on various Segments?

Now, let’s come to the main information that you are looking for. As you can see in the table above, there are all the brokerage charges mentioned against each segment. If you see, there are no charges for the delivery trade, that’s a huge benefit for the long term trader.

Apart from that, they have a single brokerage rate for every trade you do with them. It is Rs. 20 as mentioned. So, whatever the volume of the transaction, all you need to pay is only Rs. 20 for every segment as mentioned above.

It is incredible in itself that you pay such low brokerage and get all the other benefits of trading. For the options, the charge is also same at Rs. 20 but for each lot which is also very nominal.

Zerodha Brokerage Charges 
Here you will find details of brokerage levied by Zerodha on all segments
What are the Equity Delivery Charges?Zero
What are the Equity Intraday Charges?Rs.20
How much brokerage charged for Commodity Trading?Rs.20
What is the brokerage on Equity Futures?Rs.20
How much brokerage charged for Equity Options?Rs.20 per Lot
What is the brokerage on Currency Futures?Rs.20
What is the brokerage on Currency Options?Rs.20 per Lot
How much is the Minimum Brokerage requires?Zero
What is the Demat AMC?Rs.300 per Annum
How much is the Trading AMC?Free
What is the Minimum Margin Required?Zero

Does Zerodha levy any other charges apart from Brokerage?

So, now coming to the Zerodha Charges apart from the brokerage and the account opening, we have transaction charges, STT, SEBI charges, and GST and obviously Stamp Duty charges.

These charges are levied as per the rate is given above and all these charges are mandatory charges and thus there is no way you can skip them. These charges since are mandatory charges and fixed by the government, they are more or less similar for every broker.

Zerodha Charges
Get deep understanding of all other charges levied by Zerodha 
How much is the Transaction Charges levied?0.00325% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by Zerodha?

If you want to do margin trading then Zerodha is recommended as it has one of the best Zerodha Exposure in the industry.

You can see in the table above that the firm provides up to 28 times leverage for the intraday trades which is huge in the market and no traditional broker can even get close to that. Whether it is delivery, commodities, futures, the Zerodha Margin is quite high making it one of the most preferred discount broker for the clients and traders.

Zerodha Exposure or Leverage
Here you will find the exposure or limit provided by Zerodha 
How much is the limit on Equity Delivery?Upto 20x
What is the limit on Equity Intraday?Upto 28x
How much is the limit on Equity Futures?Upto 15x
What is the limit on Equity Options?Upto 8x
What is the exposure on Currency Futures?Upto 12x
How much is the leverage on Currency Options?Upto 8x
What is the limit on Commodity Trading?Upto 17x

How to Open Zerodha Demat & Trading Account?

To Open Zerodha Demat Account all you need to do is to follow the steps mentioned below. The process to Open Zerodha Trading Account and Demat account is combined and it is completely online, so you do not have to stand in queues or run after agents to open your account.

The steps are as follow –

  1. You will find a button here in the article for opening a Demat account, click on that button
  2. You will enter a new page on the screen of your device where you are reading the article
  3. This is a form which you need to fill after carefully reading it. There is various information which is required to be entered in this form. So, duly fill the form with the necessary and correct information.
  4. For the KYC verification process, the next step after filling the form is uploading documents. Once you are done with the form, read the documents required, and upload the same documents by scanning the documents.
  5. The documents that you will need to upload are like your PAN card, AADHAAR Card, Voter or any other ID, Address proof, Bank account statement, and others.
  6. After you complete all the steps successfully you will receive a call from Zerodha executives and they will guide you about the rest of the procedure.
  7. Your account will be opened in a few hours and then you can operate the same for trading.

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What are the various Trading Platforms provided by Zerodha?

The Zerodha Trading Platforms are innovative and highly advanced. They are super fast to make all your trades at the price you want. The firm offers Zerodha Mobile App, Zerodha Trading Terminal and Zerodha Web-based platform.

Zerodha Trading Terminal – Zerdha Pi

If you are a daily trader (intraday trader) then Pi trading platform from Zerodha is what you need to make your trading more smooth and easier and profitable. This platform is the trading terminal offered by the firm and it has features that can overwhelm you.

This platform is a combination of basic and fundamental features necessary for trading and that comes with all the advanced features which are new in the market for an extremely profitable day trading.

Zerodha Web-based platform: Zerodha KITE Web

KITE by Zerodha is a trading platform for Web-based browsers which has become way too famous for its lightweight and smooth trading performance. From charting to various types of orders, everything you can get on this platform which makes the trader’s life easier on the go.

The recent statistics suggest that the platform is used by more than seventy thousands of users who place over five million of orders which is incredible in itself.

Zerodha Mobile App: Zerodha KITE Mobile App

Mobile Trading has become the need of the hour when we all are super busy and always on the run. The mobile application of Zerodha is also a KITE version which is known as KITE Mobile and with this application you can do any kind of trade, check the real time updates and track your investments anytime and every time.

Zerodha Trading Platforms
Here you will find all the important trading platforms available with Zerodha 
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?Yes
Does this broker provide Mobile Trading App for Android?Yes
Does this broker provide Mobile Trading App for iOS?Yes
Are they having Mobile App for Windows OS?No
Do they have Mobile Trading App for Other OS?No

What are the features available in Zerodha Trading Applications?

The Zerodha Trading App and platforms are touching thousands of lives of traders as mentioned above. Now let’s dig into the technical details of the Zerodha Trading Terminal, Zerodha Web Trading Platform and Mobile trading app.

Zerodha Trading Terminal – Zerodha Pi Features

  • It has advanced charting options where you can use even up to fifty thousands of candles in one single chart. All the charts are real time charts so you can analyze the market at real time and also you have past data and charts for reference. The charts are available for different time period which is customizable as well.
  • There are variety of charts starting from the basic bar charts, there is point & figure charts, Three Line Break Charts, Candlestick Charts, and many others.
  • Historical data are available for all the 365 days of the year and for previous five years.
  • You can place orders directly from the charts
  • If you are going to apply some strategy, you can test them for the technical and fundamental viability
  • There is in-built stock screener which shows you the stocks you are trading and analyzing or interested in on the above
  • You can make your own chart patterns using Pattern Recognition tools
  • The cherry on the top is you get stock tips on this platform which is unique for a discount broker.

Zerodha Web-based platform – Zerodha KITE Web Features

  • It is lightweight web-based platform with high performance capability
  • For tracking the market completely on your screen you just need 0.5kbsp which saves your internet consumption as well
  • You can place cover and bracket orders
  • Six types of charts are present in the platform and there are hundreds of indicators for your trading analysis
  • You can place orders within milliseconds that helps in capturing the price you want to trade on

Zerodha Mobile App – Zerodha KITE Mobile App Features

  • You can check all exchanges data on your mobile screen – be it MCX, NSE, BSE, or any other
  • Your phone provides you real time updates and you can stream stocks live on your mobile screen
  • This application has also hundreds of indicators and charts of a different kind
  • You can trade across different segment – equity, options, futures, and commodities
  • Historical data in your hand
Zerodha Trading Application Features
Here you will find various features available in Trading Platforms provided by Zerodha 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s providing Online MF Buy?Yes
Do these platforms have News Flash?Yes
Are these platforms providing Research Reports?Yes
Are these platforms Easy to Install & use?Yes
Do these Apps have Global Indices?Yes
Are these platforms having Stock Tips?Yes
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?Yes

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What are the various Products provided by Zerodha?

The different kind of Zerodha Products are as enlisted above and as you can see they have quite a lot of them. They offer equity, commodities, options and futures and currency trading as well. Being a discount broker, offering so many products is incredible and Zerodha is successfully doing it since its inception.

Zerodha Products
Here are the various products provided by Zerodha 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?Yes
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?No
Does the broker allow Forex trading?No
Does the broker have Banking products?No
Is SIP allowed by the broker?No
Do they have Insurance as a Product?No

What are the various Services offered by Zerodha?

Looking at the Zerodha Services as in the above table you can understand that it provides Demat and trading services as the basic services.

While under the trading services, there are intraday services as well. You can invest in IPO using the Zerodha platforms and also help you know about the upcoming IPOs well in advanced.

The popularity of Zerodha is mainly due to their exceptional services, and the exposure level they provide which is earlier also mentioned as 28 time for the intraday segment.

Zerodha Services
Check out the various services provided by Zerodha 
Does the broking house provide Demat Services?Yes
Does the broking house provide Trading Services?Yes
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?No
Do they provide Intraday Services?Yes
Are they offering IPO Services to the client?Yes
Do they have Stock Recommendations available?No
Are they providing tools for Robo Advisory?No
Does the broker provide PMS?No
Do they have Trading Institution available?No
What is the Trading Exposure this broker provides?Upto 28x

Does Zerodha provide Research & Advisory to their clients?

Being a discount broker there are no such Zerodha Research, or Zerodha Advisory services available. However, even after being a discount broker they provide Zerodha Tips for stock trading on their Pi trading terminal platform. So, if you are looking for recommendations and research and analysis services, then this broker or any discount broker is not suitable for you.

Zerodha Research, Advisory & Stock Tips
Here are the various research activities done by Zerodha 
Does the broker shares Fundamental Reports?No
Does the broker shares Research Reports?No
Do they provide Company Reports to their clients?No
Are they analysing Annual Reports of Companies?No
Do they share Company Stock Review?No
Are they sharing Free Stock Tips to their clients?No
Do they analyze & share IPO Reports?No
Does the broking company provide Top Picks?No
Are they sharing Daily Market Review?No
Do they have Monthly Reports?No
Does the broker provide Weekly Reports?No
Are they having Offline Advisory?No
Do they provide Relationship Manager to clients?No

What are the Customer Care details of Zerodha?

The Zerodha Customer Care executives are available for the clients round the clock. They are available on email and call and you can get in touch regarding any query about online trading. The customer care service of Zerodha is one of the best amongst the discount brokers. They also have branches across the country and you can drop in there as well regarding your query.

Zerodha Customer Support
Let’s have a better understanding of Customer Care Service of Zerodha 
Are they providing Dedicated Dealer to their clients?No
Do they allow Offline Trading?No
Do they have facilities for Online Trading?Yes
Are they providing 24*7 Support?Yes
Does this broker provide Email Support?Yes
Is this broker having Chat Support?No
How many Branches the stock broker has?Zero

Are there any Complaints filed against Zerodha by their clients?

As per previous year’s record from NSE and BSE, there were 120 Zerodha Complaints lodged on BSE and 89 on NSE. However, the company is prudent enough and also cares for its clients that it resolved 117 of the complaints lodged on BSE and 85 out of 89 on NSE.

They provide quick resolution for the problems faced by the clients and also work for the better of the clients as we can assume from the way they resolve the issues.

Zerodha Complaints
Here you will know about the Complaints lodged against Zerodha 
What is the total number of Complaints Lodged in BSE?120
How many of these complaints have been Resolved in BSE?117
What is the total number of Complaints Lodged in NSE?89
How many of these complaints have been Resolved in NSE?85

What are the Advantages / Benefits of Zerodha Trading Account?

If you are wondering why you should open a Zerodha Trading Account, then here are plenty of reasons for you –

  • You can trade up to 28 times of your margin or trading account balance
  • Exceptionally well-designed trading platforms – whether it is Pi or the KITE. They have trading platforms for all the devices and every platform are user-friendly and super smooth.
  • They have a wide variety of products and services which are rare to find with a discount broker
  • The brokerage charges are flat Rs. 20 for each trades so, you can trade as much as you want and only pay Rs. 20. You can save huge on brokerage
  • Even after charging such low brokerage, they provide discounts offers
  • Account opening fee nominal and there is no AMC on the trading account
  • Tie-ups with major banks of the nation for smooth money transfer

What are the Zerodha Review & Ratings as per their Customer?

The Zerodha Rating by clients and traders suggests they are extremely satisfied with the services of the firm. The Zerodha Review and ratings have become a standard for many as there are hardly any discount broker or even traditional brokers to get a 9.5 rating out 10 for their products and services.

This depicts the level of satisfaction with the clients trading with Zerodha. The overall rating is 7.4 which is also incredible.

Zerodha Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory5.7/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.8.5/10
Types of Products & Services the Brand provides9.5/10
Performance Mobile App, Trading Terminal & Web Trading Platform4.0/10
Experience in the Broking Business9.0/10
Total Avg. Rating of Broking House7.4/10
Star Rating of given to Stock Broker★★★★★
Number of People Contributed to these Ratings1865

Zerodha Conclusion

Zerodha is no doubt the best of the discount brokers in the country giving tough competition to the traditional brokers with its products range and services. Its exceptionally high leverage and highly advanced trading platforms are one of the primary reasons for traders to like trading with this firm.

After reading our Zerodha Review, we hope you have a clear idea about the firm and now you can make a wise decision when you choose your broker.


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