Zerodha Review - A Discount Share Broker India 2017


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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 advance 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, is a lightweight, low bandwidth, multi-language web base trading platform.
  6. Supports desktop base, web base and mobile base trading platform.
  7. 60-day challenge contest by Zerodha where you trade profitably and get full brokerage refund.
  8. Innovative and unique trading tools – SPAN Calculator, algoZ, Option Strategy, Market Monitor,etc.
  9. No upfront fee, no minimum brokerage and no minimum contract charges.
  10. Own DP Service.
  11. Invest in Mutual Funds - Zerodha Coin.
  12. NRI Trading - First Discount broker providing NRI services.
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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 invest in IPO.

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Zerodha Review - 2017

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 75,000 and daily turnover of 7000 cr.

When it come 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 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.

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 setup the account but any online bank can be linked to Zerodha.

For Demat,Earlier Zerodha was having tie up with ILFS but now they have their own DP Service. Transfer between trading account and Demat account is seamless if you open Demat account with zerodha. With them, you can trade on Equity, F&O, Commodity, and currency on NSE, BSE, MCX and MCX-SX,Mutual Funds . Unlike other discount Brokers, Zerodha has branches in 20 cities of India other than Banglore main office.

Now investing in Mutual Funds is also possible with Zerodha. They recently facilitiate traders to now invest in Mutual Funds with them.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 earn 10% of brokerage or Rs 2 on every trade executed by your referral.

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 No Yes Yes
Rating
Please refer unique and accurate Zerodha Brokerage Calculator

Zerodha Brokerage Charges - 2017

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).

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)
  • Commodity Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)
  • 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)
Account Charges
  • Trading Account Opening Charges (One Time): Rs 200(for self printed form) or Rs 300 (for using their forms)
  • Demat account Opening Charges (One Time): Rs 100
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 300 Per Year
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 additional charge of Rs 20/- per contract + Courier charges.
  • Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.
  • Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
  • 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,Service Tax 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 online trading account to trade in stocks, derivatives, indices and currencies on NSE and BSE. Trading can be done through 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.

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 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(Cashn Carry) orders.
  2. Zerodha margin for F&O overnight position - as per exchange stipulated margins
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

Account Opening with Zerodha

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

Contact Zerodha

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EmailCity
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Are you a day trader?

Zerodha Web, Mobile app and Desktop base trading platform - 2017

Zerodha support Terminal based NEST OMS, Web-based, Mobile apps based and customer telephonic service base trading.

Desktop Based 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

Web based trading platform "KITE": KITE 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 review

Zerodha Mobile: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.

Zerodha Call n Trade service have cost of Rs 20 per Trade.

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 is a tool where user can write, back test and go live on Technical Analysis strategies [code your technical analysis].

Other than normal trading hours, Zerodha support Pre-market orders, post market orders and After Market orders (AMO). Zerodha provides an option to place 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

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

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

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

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

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 50,000 [Dec 2014] 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. 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
46. vikram sharma  Sep 18, 2017 10:00:18 PM IST Reply
It was the best but sometime back they have started including tax) if open trades are not squared off in person for intraday positions and the same has been categorized in call and trade charges. So if you have a intraday open position and you don''t square off and instead it gets auto square off then you will be charged Rs.23. This charge actually doesn''t make sense. As a regular intraday trader even the last minute is important so we wait for auto square off taking all the risk but now it doesn''t make sense is if we are being charged for not getting the trade squared off by our-self.
avatar
45. Vaibhav Seshanand  Sep 14, 2017 10:29:42 AM IST Reply
Transparency, Trading platforms, Education through Varsity and prompt support team.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
44. Sanketh  Sep 13, 2017 2:16:28 PM IST Reply
They have very user friendly application. And brokerage cost is also very low.....

However there support is very bad. There do not reply to any sort of complaints inspite of repeatedly following up.

Also the stupid think... They have activate stock purchase features but not the stock selling features... I have courier POA and other required documents but there Turn around time is very bad to activate all the features. I struggling since a week now as of now to sell my equity stock on hand.
avatar
43. Harmeet Singh  Sep 11, 2017 8:23:13 AM IST Reply
Pathetic customer service. No acknowledgement of payments made, employees are least bothered once you pay.. I am still waiting for my account to be opened though I paid their money 3 months ago. What would I do with less brokerage amount if I can not even start trading for so long. They show they have a refund policy if they do not open account in a month, it has been much more , which confirms that my refund should have been processed but account was never opened. It''s the most mismanaged with poorest of services in India.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
42. Kushagra Panwar  Sep 6, 2017 12:38:49 PM IST Reply
TragingBells.
A Great 0 Brokerage plan.
Free AMC.
Awesome TIPS and Recomendations.
avatar
41. S HALDER  Aug 30, 2017 3:51:39 PM IST Reply
I have two trading accounts one in Zerodha and another in ShareKhan.I found a major problem of KITE platform is that it does not allow you to place order for a date range in Equity holding.
Example: Suppose today I bought 10 shares of company X at INR100 and I want to hold it for long term and I also want if in coming 10 trading days if price of the share comes to INR105 ,all shares would be sold out.
This kind of call cannot be using KITE as the duration of buy/sell call is valid within one day. Where as this is pretty simple in Sharekhan trading platform .
I think this is a major drawback of ZERODHA.
avatar
40. Bherulal suthar  Aug 27, 2017 8:55:55 PM IST Reply
Froud with partener

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
39. Pfrens  Aug 20, 2017 12:21:21 AM IST Reply
Cash holdings and funds are often missing from the portfolio almost every alternate day. Need to call customer care to revert it back to your portfolio and the assholes ask you to send an email every day. So you really can''t trade for first 15-30 mins after market open.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
38. Parth  Aug 3, 2017 3:46:29 PM IST Reply
111

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
37. vipin jain  May 8, 2017 11:10:34 PM IST Reply
WARNING ....WARNING...WARNING....
To All, don''t such fake and cheat companies for investments and trading. They will take all your money on the name of technical glitches without any response. Don''y come under the exception of discount brokerage as they are highly in-competitive technically and functionally. A completely unethical brokerage company. SEBI should take action against such fraud companies.

System took initial orders and then went down saying connectivity failures. As confirmed after couple of hours later that the system is up for trading, it cancelled all stoploss and pending orders. Moreover, then system does not allowed to square off earlier taken position which eventually got auto squared off at 3:00 PM resulting in loss of 1.5 L. Most pathetically, customer care was not working, no one was picking up phone, no email replied and answer given to support ticket is the most common ridiculous one as below :

All platforms are up. A fat finger issue caused a connectivity drop for many of our clients today. Restarting servers took longer than expected. Any validation pending orders that you see currently will get cancelled. Intraday products like MIS, BO/CO will get squared off by 3 PM instead of 3:20 PM. We deeply regret this incident and are doing everything possible to ensure this doesn''t repeat.

My feedback and suggestion to all fellow friends don''t fall trap of discount brokerage and go for such cheap companies.

Thanks
avatar
37.1. Manish  May 18, 2017 9:23:28 PM IST
So what do they do in such cases. if this validation pending remains the case until the market close and your intraday remains open / option expires?
avatar
37.2. amit  Jul 28, 2017 12:20:47 PM IST
get into ''Astha Trade'', No hidden agenda / cost, and clear ledger details, they provide 40 times margin for NSE-Cash with ''NO'' stop loss or other related compulsion.

Enquire Zerodha Trading Account:

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Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

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

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

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



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