Zerodha Broker Review and Discussion

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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
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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
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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?
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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.
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36. Vikas Nagvekar  Jul 23, 2017 7:00:10 AM IST Reply
Zerodha broker is good platform for smart earnings for there better life structure.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
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35. ABHI SINGH  Jul 13, 2017 1:32:26 AM IST Reply
very gud

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Excellent
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34. Dh  Jun 24, 2017 7:46:05 PM IST Reply
I have transferred Rs. 50000/- one week back and amount is not credited to my trading account. Is there any fraud happening in Zerodha?
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33. Basant kumar yadav  May 26, 2017 12:02:03 AM IST Reply
I like Zerodha ,zerodha Pi software is god but Hang maximum time

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
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32. TSB Admin  May 19, 2017 6:42:28 AM IST Reply
Zerodha Update - MIS/BO/CO positions that are left open at the usual intranet square off times, which zerodha RMS team need to square off are going to charge Rs 20 as call-and-trade charges. This is to reduce last minute heavy on trading application as well as required more awareness from investors. To avoid this charges, investors need to square off their IS/BO/CO position voluntarily before the square off time.
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31. Vineet Aggarwal  May 18, 2017 1:48:30 PM IST Reply
Zerodha attracted me initially becaof its low brokerage but I got disappointed by Zerodha pretty soon.

I paid Rs. 300 online to open my account then Zerodha executive called me and said that arrange required documents and someone from Noida office will call me and pickup my documents next day.

I arranged all my documents which were required to open my account but no one called/ no one came. I waited for one week and then I called again he said again that he has checked and now someone will call you and pickup your documents tomorrow. This continued for more than three weeks.

Finally I lost my patience and opened my account with another brokerage company(No need to mention the name of that company coz I am not their marketing agent). This company has slightly higher(0.03/0.30) brokerage but their customer support is awesome.

Now, when I raised my concern with Zerodha support team then that request routed to same executive who was promising me to pickup my documents from past three weeks. And again the cycle continued and he said he will arrange my documents pickup tomorrow. But this time I was in no mood to get into that trap again.

Guys, I lost Rs. 300 but positive point is that at least this incident saved my millions. I was wondering(a hypothetical situation just to calm down my frustrated mind) that what happened if I transferred my money for trading and I got any issue and their customer support was responding in the same way as they were responding for opening my account. Then I will loose all my savings.

Please be aware of many such companies in market and choose one carefully after doing some research at your end.
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30. Jinga  Apr 26, 2017 7:19:58 PM IST Reply
Terrible , I had posted a query with them and waiting since ever for a response.

They send my issue to somebody by name Nikhil from RainMatter, who apparently is one of the founder but that guy refuses to pick my call or provide any response after waiting for almost 2 months now !!

ICICI Direct or any of the other Demat providers are more professional and closes any issues within 48 hrs.

Zerodha is unprofessional , no process and waiting on one or 2 big guys for some approval and response ! Pathetic !

The only email i ever got from this guy and the Zerodha team was:

Rainmatter Technology <[email protected]>

Feb 2

to me


I''m terribly sorry. The last couple of days have been quite hectic. Shall call you tomorrow. You can reach me on 95xxxxxxxx.

Regards,
Nikhil


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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29. Shakib  Feb 28, 2017 10:35:56 PM IST Reply
Hi, I m new in this field.
Minimum howmuch money will require to deal in nifty option. Please suggest...
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29.1. Aashutosh  Apr 16, 2017 9:08:13 AM IST
Hi Shakib,

Nifty lot size is 75. It depends on the premium price of nifty option which you are looking for . Lets say if premioum price is 2 then you need only 2X 75= Rs. 150/-.

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