Zerodha is one of the premium discount brokers and by premium we mean quality. They have changed the game of broking in the industry with their new-age technologies and super-low brokerage charges.
This article 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 it’s brokerage charges account opening charges, exposure, or the margin requirement everything is here in this article, so read on.
|Broker Type||Discount Broker|
|Demat Account AMC||Rs.300 per Annum|
|Margin Required||75% Margin|
|Intraday Brokerage||Rs.20 or 0.03% whichever is lower|
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 brokers 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.
|Know a few details about Zerodha|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Discount Broker|
|Where is the registered office of the Company Located?||Bangalore, India|
|Who is the Founder of this Company?||Nithin Kamath|
|When did the company start?||2010|
Open Demat Account Now – Fill up the Form Below
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 those who are trading in bulk because of their lowest possible brokerage charges. Zerodha Trading Account Opening charges are only Rs. 200 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 75% Margin 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 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 0|
|How much is the Demat AMC?||Rs.300 per Annum|
|What is the Trading AMC?||Rs 0 (Free)|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||No|
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Does Zerodha provide any Offers to their Clients?
Offers are an integral part of a broker to attract the client. However, Zerodha has such low brokerage and other charges that it does not require offering other offers to attract clients. Though that doesn’t mean that they do not have any Zerodha Offers.
They offer various kinds of discounts on 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.
|Here are the various offers provided by Zerodha|
|Does the broker provide a Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers a Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||No|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
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 or 0.03% as mentioned. So, whatever the volume of the transaction, all you need to pay is only Rs.20 or 0.03% 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 the same at Rs.20 or 0.03% but for each lot it 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 or 0.03%|
|How much brokerage charged for Commodity Trading?||Rs.20 or 0.03%|
|What is the brokerage on Equity Futures?||Rs.20 or 0.03%|
|How much brokerage charged for Equity Options?||Rs.20 or 0.03% per Lot|
|What is the brokerage on Currency Futures?||Rs.20 or 0.03%|
|What is the brokerage on Currency Options?||Rs.20 or 0.03% per Lot|
|How much is the Minimum Brokerage required?||Zero|
|What is the Demat AMC?||Rs.300 per Annum|
|How much is the Trading AMC?||Rs 0 (Free)|
|What is the Minimum Margin Required?||75% Margin|
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, GST, and obviously Stamp Duty charges.
These charges are levied as per the rate given above and all these charges are mandatory charges thus there is no way you can skip them. These charges are mandatory charges and fixed by the government, they are more or less similar for every broker.
|Get a deep understanding of all other charges levied by Zerodha|
|How much are the Transaction Charges levied?||0.00345% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|What are the SEBI Turnover charges?||Rs 10 / Crore|
|How much is the Stamp Duty levied?||(On buy-side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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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 5 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, or futures, the Zerodha Margin is quite high making it one of the most preferred discount brokers for 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 1x|
|What is the limit on Equity Intraday?||20% of the trade value based on the volatility of the stock(VaR+ELM+Adhoc margins of the exchange)|
|How much is the limit on Equity Futures?||1X (100% of NRML margins(SPAN + Exposure))|
|What is the limit on Equity Options?||1X (100% of NRML margins(SPAN + Exposure))|
|What is the exposure on Currency Futures?||1X (100% of NRML margins(SPAN + Exposure))|
|How much is the leverage on Currency Options?||1X (100% of NRML margins(SPAN + Exposure))|
|What is the limit on Commodity Trading?||1X (100% of NRML margins(SPAN + Exposure))|
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 a 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 follows –
- You will find a button here in the article for opening a Demat account, click on that button
- You will enter a new page on the screen of your device where you are reading the article
- This is a form that you need to fill out after carefully reading it. There is various information that is required to be entered in this form. So, duly fill out the form with the necessary and correct information.
- For the KYC verification process, the next step after filling out 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.
- The documents that you will need to upload are your PAN card, AADHAAR Card, Voter or any other ID, Address proof, Bank account statement, and others.
- After you complete all the steps successfully you will receive a call from Zerodha executives and they will guide you through the rest of the procedure.
- Your account will be opened in a few hours and then you can operate the same for trading.
Open Demat Account Now – Fill up the Form Below
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 – Zerodha Pi
If you are a daily trader (intraday trader) then the Pi trading platform from Zerodha is what you need to make your trading more smooth and easier and more 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 that have 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 makes the trader’s life easier on the go.
Recent statistics suggest that the platform is used by more than seventy thousand users who place over five million 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 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 a Web Trading Platforms?||Yes|
|Do they have a 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 thousand candles in one single chart. All the charts are real-time charts so you can analyze the market in real-time and also you have past data and charts for reference. The charts are available for different time periods and are customizable as well.
- There is a 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 365 days of the year and for the 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 an 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 top is you get stock tips on this platform which is unique for a discount broker.
The Zerodha Web-based platform – Zerodha KITE Web Features
- It is a 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 which 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 segments – 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|
|Is this software 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|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have a Multi-Account Management solution?||Yes|
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What are the various Products provided by Zerodha?
The different kinds of Zerodha Products have 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.
|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 products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a 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 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 which also help you know about the upcoming IPOs well in advance.
The popularity of Zerodha is mainly due to their exceptional services, and the exposure level they provide which is earlier also mentioned 28 times for the intraday segment.
|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 5x|
Does Zerodha provide Research & Advisory to its 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 are done by Zerodha|
|Does the broker share Fundamental Reports?||No|
|Does the broker share Research Reports?||No|
|Do they provide Company Reports to their clients?||No|
|Are they analyzing the Annual Reports of Companies?||No|
|Do they share Company Stock Reviews?||No|
|Are they sharing Free Stock Tips with 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 Managers to clients?||No|
What are the Customer Care details of Zerodha?
The Zerodha Customer Care executives are available for clients around the clock. They are available by 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 among 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 the Customer Care Service of Zerodha|
|Are they providing Dedicated dealers 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 the 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 resolutions 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.
|Here you will learn 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 your margin or trading account balance
- Exceptionally well-designed trading platforms – whether it is Pi or the KITE. They have trading platforms for all devices and every platform is 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 trade 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 brokers or even traditional brokers to get a 9.5 rating out of 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 Advisory||5.7/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||8.5/10|
|Types of Products & Services the Brand provides||9.5/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||4.0/10|
|Experience in the Broking Business||9.0/10|
|Total Avg. Rating of Broking House||7.4/10|
|Star Rating of given to Stock Broker||★★★★★|
|Number of People Contributed to These Ratings||1865|
Zerodha is no doubt the best of the discount brokers in the country giving tough competition to the traditional brokers with its product 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.
Open Demat Account Now – Fill up the Form Below
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