Zerodha Review - Number one Discount Share Broker India 2018


Zerodha Logo

Contact Zerodha

Name Phone
Email City
State
Open an account today. Get Started
Overall

With high-class technology, unique trading tools and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active investors.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Zerodha?

  1. Free trading in Equity Delivery.
  2. Zerodha Charge flat rate of Rs 20 per executed order for trading in stocks, F&O, currency and commodity.
  3. Zerodha PI, the most advanced trading platform introduced by Zerodha.
  4. Open your account instantly with AADHAAR, for trading only account no paperwork, for demat and nominee declaration you need to sign few forms and submit via courier.
  5. Zerodha KITE 3.0, is a lightweight, low bandwidth, multi-language web based trading platform.
  6. Supports desktop base, web based and mobile based trading platform.
  7. Free fund transfer using UPI (Unified Payments Interface)
  8. 60-day challenge contest by Zerodha where you trade profitably and get full brokerage refund.
  9. Innovative and unique trading tools – SPAN Calculator, algoZ, Option Strategy, Market Monitor, etc.
  10. Zerodha F&O Margin Calculator.
  11. No upfront fee, no minimum brokerage and no minimum contract charges.
  12. Invest in Mutual Funds - Zerodha Coin.
  13. NRI Trading - First Discount broker providing NRI services.
  14. Open account online and paperless - Step by step guide.
  15. Zerodha Margin Calculator
  16. Sensibull Options Strategy By Zerodha
Broker Ad
Special Offer: Special Offer:Take part in Zerodha 60 day challenge and get brokerage reversal* upto Rs 6000. Sign up now .
LikesLikes

  • Strong customer support.
  • User-friendly Brokerage and margin calculators.
  • Free,online,open to all education module covering all the topics related to trading called Varsity.
  • Active trading forum called trading q&a.
  • Online account opening linked with your AAdhar card.

DislikesDislikes

  • Doesn't have monthly plans.
  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
Exclusive OfferExclusive Offer

Zerodha - Get Exclusive Offer
Sign up now
.



Zerodha Review - 2018

Zerodha with a unique name and meaning, no Barrier Zero + rodha ( Barrier in English) is emerging as a single largest Discount Broker in India having customers exceeding 6 lakh. Zerodha is the largest discount broker and 3 largest brokerage house in India after ICICI Direct and HDFC Securities.

When it comes to customer support, Zerodha delivers a consistent and often memorable experience. Most of the time, the queries of customers are answered by the CEO of the company itself or by experts in that field. Opening account with them is a breeze and hassle-free. As per my personal experience, within an hour of completing the application online, a Zerodha representative called me to welcome and explained all initial questions I had. He also guided me to read Z-connect, an interactive blog written by experts which I feel is detailed but simple to understand and is a cool place to learn for amateurs.

Zerodha Support started with contextual ticket creation and intelligent search for the user, with this for general topic user don’t need to send queries to support team. Zerodha have reach library of support document (600+) which can resolve lots of issue in first place. Next level solution for investors who want to know more about their transaction or order details, now Zerodha secure search for such user reached to account level, for that particular transaction, he can create a support ticket. With this new addition to zerodha support family, the user doesn’t have to send email to [email protected], users can create a direct ticket on Zerodha Support Portal.

Being a discount share broker, my expectation from Zerodha was to charge minimum share brokerage for my trading, that comes true by paying 20 Rs or .01% per executed order whichever is minimum for F&O, option, commodity and currency trading. They have made trading in Equity Delivery completely Free. As Zerodha is not a 3 in 1 brokerage, there is initial work to set up the bank account but any online bank can be linked to Zerodha.

For Demat, Earlier Zerodha was having a tie-up with ILFS but now they have their own DP Service. Transfer between trading account and the Demat account is seamless if you open a Demat account with zerodha. With them, you can trade on Equity, F&O, Commodity, and currency on NSE, BSE, MCX and MCX-SX and invest in Mutual Funds . Unlike other discount Brokers, Zerodha has branches in 40+ cities of India other than Banglore main office.

Now investing in Mutual Funds is also possible with Zerodha. They recently facilitate traders to invest in Mutual Funds with Zerodha Coin. When you invest in Mutual Funds with Zerodha, you invest in Direct Mutual Fund, which gives you better return compare to regular investment. Zerodha is the first broker in India who is providing this facility to its customer. Investment option for IPO, FPO and OFS (Offer for sale) are not available with Zerodha which is pretty much standard with all the discount share brokers.

Zerodha Reward programmes like refer a friend and Get an Affiliate link gives you an opportunity to get some rewards.

Zerodha NRI Account

NRI can trade with Zerodha @Rs 200 per trade or .1% whichever is lower. NRI holding NRO account can open Trading and Demat account just like resident Indians. NRI can trade in Equity Delivery, Derivatives (F&O), Currency futures/exchange-traded options market, Investment in Mutual Funds and IPO (Via ASBA channel).To Open account, NRI (NRO Account holders, PIO or OCI card holders) need - Copy of Passport, Visa Document (NRI Only), PAN card, Address Proof Overseas, Address Proof India (NRI Only) and Photograph.

Request call back from Zerodha
Zerodha with closest competitors
Broker Zerodha ICICIDirect Sharekhan SAS Online ProStocks
Service Type Discount Broker Full Service Broker Full Service Broker Discount Broker Discount Broker
Brokerage Rs 20 0.05 to .55% 0.1 to 0.5% Rs 9 or 999 PM Rs 15
Account Type 2 in 1 3 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No Yes Yes
Rating
Please refer unique and accurate Zerodha Brokerage Calculator

Zerodha Brokerage Charges - 2018

As Zerodha started the new concept of discount share broking in Indian share market, you can save 80 to 90% on brokerage with them. Their brokerage rates are super cheap as compared to full-service brokers and very competitive among its nearby discount share brokers. Zerodha entered in a new concept of Brokers as a Free Broker by introducing Equity Delivery Trades @ Rs 0 Brokerage. It's Rs 20 flat-rate share trades is equal to RKSV (Rs 20), while slightly more expensive then Trade Smart Online (Rs 15) and SasOnline (Rs 9).

Zerodha Trading Brokerages

  • Equity Delivery Trading Brokerage: Free
  • Equity Intraday Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)
  • Equity Future Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)
  • Equity Options Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower) (on Turnover)
  • Currency Futures Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)
  • Currency Options Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)
  • Commodity Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)

Zerodha Account Charges

  • Trading Account Opening Charges (One Time): Rs 200
  • Demat Account Opening Charges (One Time): Rs 100
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 300 Per Year

Zerodha Other Charges

  • Call and Trade feature is available at an extra cost of Rs 20/- per call.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 20/- per contract + Courier charges.
  • Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
  • Free UPI transactions with Zerodha.
  • DP charges for delivery based equity selling charged only on sell side - Rs 8 + Rs 5.5 = Rs 13.50 per transaction.
  • Standard NSE charges, transaction charges and statutory levies are charged.

For STT, Stamp Duty, GST and SEBI Charges please refer to the Brokerage Plan tab.

Zerodha offers three types of account to its clients:

  1. Zerodha Trading Account: Zerodha offers an online trading account to trade in stocks, derivatives, indices and currencies on NSE and BSE. Trading can be done through the software based platform, web based platform or a mobile application and Call & Trade option. All settlements on a Trading Account happens on T+1 day. There is no Annual Maintenance charges (AMC) for Trading Account. Account opening is Rs 300.
  2. Zerodha Demat Account: You need a Demat Account only to trade in delivery based equity trading. The shares will show up in your Demat Account only on T+2 day. You don't need a Demat Account if you are trading in F & O whether you're an Intraday trader or a positional (overnight) trader. Demat Account opening charges is Rs 100 and AMC is Rs 300.
  3. Zerodha Commodity Account: You can only trade in Commodity Future on MCX exchange with Zerodha.There are no Annual Maintenance charges for your Commodity Account at Zerodha. Only futures trade on MCX and hence there is no need of a Demat Account for trading Commodities. Commodity Options have still not started in India. Account opening charges for commodity trading is Rs 300.
For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.
Zerodha Brokerage Charges - 20 Rs per executed order
Brokerage Plan 20 Rs per executed order
Flat Fee NA
Equity Delivery Free
Equity Intraday Rs 20
Equity Futures Rs 20
Equity Options Rs 20
Currency Futures Rs 20
Currency Options Rs 20
Commodity Rs 20

Margin With Zerodha

Zerodha margin/exposures/leverage for MIS orders

  1. Zerodha exposure for intraday trading - Zerodha offers 10 times exposure or leverage for stocks on which F&O trading is allowed. Margins are provided only for intraday trading.
  2. Zerodha exposure for trading in equity and indux futures - Zerodha offers 3 times or 40% of NRML margin for futures trades.
  3. Zerodha margin for Options - Zerodha offers 3 times or 40% of NRML margin .
  4. Zerodha exposure for currency futures - Zerodha offers 50% of NRML margin.
  5. Zerodha exposure for commodity futures - Zerodha offers 50% of NRML margin.

Zerodha margin/exposures/leverage for CO/BO orders

  1. Zerodha exposure for intraday trading - Zerodha offers upto 20 times exposure or leverage for stocks on which F&O trading is allowed. Margins are provided only for Intraday trading.
  2. Zerodha exposure for trading in futures - extra margin compare to NRML and MIS order

Zerodha Exposures for CNC or NRML orders

  1. Zerodha don't offer any margin for CNC(Cash & Carry) orders.
  2. Zerodha margin for the F&O overnight position - as per exchange stipulated margins

Zerodha Margin Calculator

Best Margin calculator available for free to calculate you margin upfront. This tool allow you to calculate comprehensive margin requirements for option writing/shorting or for multi-leg F&O strategies while trading equity, F&O, commodity and currency before doing a trade. This tool is available for both registered user and non registered users.

To calculate your margin up front please refer our dynamic margin calculator - Zerodha Margin Calculator


Account Opening with Zerodha

To open an trading/DP account with Zerodha,please provide your contact information.

Contact Zerodha

NamePhone
EmailCity
State
Are you a day trader?

Zerodha Web, Mobile app and Desktop base trading platform - 2018

Zerodha has the trading option for all type of customer, they have desktop based trading software for active traders, web-based trading terminal and Mobile app (Andriod and iOS version).

  • Zerodha Desktop Trading Platform "PI"

    This is the advanced desktop trading software by Zerodha to minimize all the barriers in smooth trading. Its main features are:

      • Advanced Charting.
      • Algos, strategies, & backtesting.
      • Expert advisors for strategy alerts.

      See complete Zerodha PI review

    • Zerodha Web trading platform "KITE 3.0"

      KITE 3.0 is a Lightweight, low bandwidth, multi-language, Integrated, Easy to use, Informational and committed web base free trading platform from Zerodha.

      See complete Zerodha kite 3.0 review. Zerodha Kite3.0 Beta testing complete and product is going live for all Zerodha investors on March 26,2018.

    • Kite Zerodha Mobile Trading App

      Zerodha manages to provide Apps for Android (lollipop version even), window mobiles and iPhone users to facilitate mobile-based trading. You can trade Equities, Futures & Options, Currencies and Commodities and get real-time quotes on over 30000 scrips and place various kinds of orders using Zerodha Mobile app.

      Downlaod Android version of Kite Mobile App

    • Coin Mobile App

      For Mutual Fund Investor, Zerodha has launched a new Mobile App called “Coin”. This app has complete feature to buy, sell funds of your choice. You can create SIP, Update or pause your SIP on the go. Direct Mutual Fund investment option from 31 AMC and around 3000+ Funds.

      Downlaod Android version of Coin Mobile App

      Direct Mutual Fund Investment by Zerodha - Read our detail article about advantage of direct mutual fund investment vs regular mutual funds. Why its worth to pay monthly fee to zerodha for your Mutual Fund Investment?

    • Zerodha Call n Trade

      CnT service has a cost of Rs 20 per Trade.

    • Automatic Trading with AmiBroker.

      Zerodha is providing a plug-in option for Automatic Trading with AmiBroker (Advance technical analysis and charting platform).Through this, a trader can directly trade from AmiBroker software in the semi-automated or fully-automated way based on his own strategies.

    • The Quant

      a trading pattern report of an individual trader, introduced by Zerodha, is a helpful tool to look into past trade patterns in graphical form. It`s easy to understand and quick to analyses.

    • The algoZ

      The algoZ is a tool where the user can write, backtest and go live on Technical Analysis strategies [code your technical analysis].

    Other than normal trading hours, Zerodha supports Pre-market orders, post-market orders and After Market orders (AMO). Zerodha provides an option to place Cover Orders and Bracket Orders with 'Trailing Stop Loss' for equity and F&O.( Bracket orders are two opposite side orders, designed to help limit your loss and lock in a profit by "bracketing" order.)

  • For detail review of mobile app and download please visit Zerodha Mobile App.

    Zerodha Membership Information

    1. Zerodha NSE Member ID:
      • Capital Market (CM) - INB231390627
      • Future & Options (F&O) - INF231390627
      • Currency Derivatives (CDS) - INE231390627
    2. Zerodha BSE Member ID:
      • Capital Market (CM) - INB011390623
      • Future & Options (F&O) - INF011390623
    3. CDSL: IN-DP-CDSL-00278209
    4. NSDL: IN-DP-NSDL-11496000

    Zerodha Product and Services

    3 in 1 Accounthelp
    No
    Multiple Plans help
    No
    Monthly Plan help
    No
    Yearly Plan help
    No
    Portfolio help
    Yes
    Charting help
    Yes
    Automated Trading help
    Yes
    AMO Order help
    Yes
    Allow GTC Order help
    Yes
    SMS Alerts help
    No
    Margin Trade Funding help
    No
    Combined Ledger for Equity and Commodityhelp
    Yes
    NRI Trading help
    Yes

    Zerodha Offering of Investments

    Equity Cash and F&O help
    Yes
    Currency F&O help
    Yes
    Commodity Trading help
    Yes
    Mutual Funds help
    Yes
    ETF help
    Yes
    IPO Investment help
    No
    Bonds Investment help
    No
    Debt Investment help
    No
    Banking Service help
    No
    Insurance Service help
    No
    SIP Investment help
    No

    Zerodha Trading Platforms & Tools

    Desktop Platform (Windows) help
    Yes
    Desktop Platform (Mac) help
    No
    Web Platform help
    Yes
    Stock Alerts Delivery - Email help
    No
    Stock Alerts Delivery - Text SMS help
    No
    Virtual Trading help
    No
    Watch-lists, streaming real-time quotes help
    Yes
    Mobile Trading help
    Yes
    Android Tablet App help
    Yes
    Android App help
    Yes
    iPhone App help
    Yes
    iPad App help
    Yes
    Mobile Trading Site help
    Yes

    Zerodha Customer Service

    Phone Support help
    Yes
    Toll Free Number help
    No
    Email Support help
    Yes
    Branch Offices help
    Yes
    Live Chat (Current Clients) help
    No
    24/7 Support help
    No

    Zerodha Research and Market Reports

    Daily Market Report help
    No
    Free Tips help
    No
    Quarterly Results help
    No
    New Alerts help
    No
    Mutual Funds Research help
    No
    Research Equity Reports help
    No
    ETF Research help
    No

    Final thought about Zerodha

    Zerodha is a well-respected share broker with a great offering. Zerodha has approx over 6+ Lakhs [Feb 2017] satisfied customers leading it to India`s one of the best discount share broker house. Customer service is a top-notch and clients have access to a well-known share brokerage platforms and tools. First time in India a brokerage house started Direct Mutual Funds investment.The strong management team gives you more confidence and support in trading. For those who want to take advantage of the latest technologies will find Zerodha to be a great fit.

    If you like what you have read and want to choose Zerodha or any other broker, leave your contact information with us and we will guide you.


    Zerodha User Reviews

    avatar
    64. Dheeraj  Jun 6, 2018 5:40:59 PM IST Reply
    online registration process is with errors and if their server have problem they not even flash message. one and half week but registration and account are not there. Dheeraj Also filed complaint to consumer helpline.

    Ratings:

    Brokerage - Average
    Account Maintenance Fees - Very Poor
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    63. Money Lost in zerodha  May 28, 2018 8:45:13 PM IST Reply
    Do not Open account with Zerodha , My personal Experiance. First allowed ,me to buy share then blocked for not having account. Time wasted share lose, customer dont accept their mistake, Before keep asking for POA when sent POA. teling your account not exist even bot many shares with same account. Same fishing style to hook client. then keep asking hard copy with courier. all you save in 20 flat brokrage will have to spent in courier later when you start finding bad side of zerodha

    Ratings:

    Brokerage - Average
    Account Maintenance Fees - Very Poor
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    62. Ram Krishna  May 9, 2018 4:48:24 PM IST Reply
    Zerodha Coin is best MF service where company is providing Direct MF investment, non of the brokers provide this service. Thx zerodha for starting this service.
    avatar
    61. Adheer Raj Aggarwal  Apr 17, 2018 9:28:32 PM IST Reply
    Over all, its good. Just because of low brokerage, no one should compromise on service. I am unable to download my contract notes from 28 march 2018 for the month of february and march 2018. Its 17 march, still they have no clue and no update. They do not reply to the mails and they cannot solve my problem with any commitments.

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Average
    Website Usability - Average
    Customer Service - Very Poor
    Overall Experience - Below Average
    avatar
    60. Srikant M  Mar 16, 2018 4:59:17 PM IST Reply
    Best tool available for free of cost is Zerodha F&O margin calculator. I like it very much and use it before every trade. Use this calculator and know all your margin upfront.
    avatar
    60.1. Kishore N  Mar 20, 2018 10:37:16 PM IST
    I like Zerodha F&O margin calculator, This really difficult to calculate in excel. I tried lots of time to reach in some conclusion, but was never got success. Thx Zerodha technical team to make this as success. Good thing is its available for both zerodha and non zerodha customer for free of cost.
    avatar
    59. Vijay J  Mar 20, 2018 10:33:55 PM IST Reply
    Good News, Zeroda started free fund transfer using UPI (Unified Payments Interface), Usually UPI charge Rs 15 per transaction for such transfer, but for first 6 months UPI has given free service to Zerodha user, if volume increase via UPI than this offer can continue for long term. So request all Zerodha register users to use UPI service as much as possible which will make this partnership success and all the Zerodha community will get benefit of this free service for long time. All the best.
    avatar
    58. Mangesh utane  Jan 17, 2018 6:16:53 AM IST Reply
    Service is good

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Above Average
    Website Usability - Above Average
    Customer Service - Above Average
    Overall Experience - Above Average
    avatar
    58.1. Anupam K  Mar 13, 2018 12:35:17 PM IST
    Service is really good and zerodha is working hard to win market share. Best service and tools.
    avatar
    57. Vaibhav Seshanand  Jan 8, 2018 1:07:11 PM IST Reply
    Customer Service, Trading Platform, Online Account opening and Charts are better than anyone else in India.

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    56. Kunal  Jan 2, 2018 8:56:42 AM IST Reply
    Best broker to Trader, Great Tools and Technologies.

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Average
    Website Usability - Excellent
    Customer Service - Average
    Overall Experience - Above Average
    avatar
    55. mohan  Dec 17, 2017 2:06:06 PM IST Reply
    i like your article so much.

    Enquire Zerodha Trading Account:

    Name:Phone:
    Email:City:
    State:
    Are you a day trader?

    Guaranteed Save 60% to 90% Brokerage + Taxes

    ProStocks, The Flat Rate Discount Stock Broker

    Paperless account opening*


    Fix Price - Rs 15 Per Trade
    Rs 899/Month,8999/Year for
    Equity Cash and F&O
    Rs 499/Month,4999/Year for
    Currency Derivatives

    Lowest Transaction Charge
    Lowest Call & Trade Fee
    Lowest Stamp Duty
    *Except PoA and Nomination form

    Get FREE Trading + Demat Acct

    Zerodha  Zerodha

    e-Aadhar base account opening

    Free Delivery trading

    Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity

    zerodha

    Sharekhan

    Beginner, seasoned investor, active trader or HNI. Get customised solutions.

    Rs 0 account opening fee on Online Trading and a Demat Account
    (Rs 1150 waived)

    sharekhan

    angel-broking  Angel Broking

    Free Equity Delivery Trades
    Flat 20% discount on online transaction

    angel-broking



    Sub brokers by name

    Hyderabad Rajkot Chennai Jaipur

    Sub brokers by name

    Indore Lucknow Nagpur Ludhiana

    Sub brokers by name

    Allahabad Kanpur Patna Ernakulam



    Search topsharebrokers.com:

    Translate topsharebrokers.com: