The question of which is the best broker? depends upon a number of facets like the brokerage charges, leverage, exposure or margin, trading platforms, product & service portfolio, etc. and Zerodha discount broking firm tops the list on all the aspects and therefore among the best discount brokers in India. It is India’s largest broker with a clientele base of 25 Lakh+ customers. The broker charges the lowest brokerage fee of trade at just Rs. 20 per order on trading in equity, F&O, commodity, and currency. Scroll down the page further to know the reasons that Why Zerodha is the best broker?
Zerodha is an online discount broker in India founded by Nikhil Kamath in 2010. The Bengaluru-based online discount broker is one of the largest and the most popular brokers in India. It is the first broker to introduce the concept of a flat brokerage model of Rs. 20 per order or 0.01%, whichever is lower irrespective of the trade volume that helps investors to save a lot of brokerages. Not just that but also it is the first broker to launch Zerodha Coin - a free direct MF platform at 0 brokerage and nil DP charges.
Yes, Zerodha is a safe and trustworthy broker for long-term investment due to a number of reasons, provided here as under;
Zerodha is India’s biggest discount broker that offers online trading in equity intraday, equity delivery, futures & options, commodity, and currency segment. It further offers debt securities like investment in government securities and bonds. It is the best broker for beginners to trade at the lowest brokerage fee of Rs. 20/- order on the Zerodha Kite platform. However, it is to be noted that the unavailability of stock market tips, research, and advisory services are the key cons of trading with Zerodha.
Last updated on 3rd May 2021
Yes, Zerodha is one of the leading discount brokers in the Indian stock broking industry not just because of its topline services but also there’re a lot of reasons to trust the broker. The broker contributes above 18% to the total trading volume with a clientele base of above 30 lakh customers that is growing rapidluy. Moreover, the strong focus on quick compliant resolution enables the broker to significantly reduce the complaint to even less than 1% of total active clients. In addition, sound management, a well-structured policy framework, and value-added services make the broker among one of the highly trusted brokers.
Looking at Zerodha’s history such as well-established record, proven management, faster-growing customer base, etc., the broker is positioned as the country’s largest and also among one of the highly trusted stockbrokers. There’s no foreseeable possibility that the broker may default still, if it happens then still your money remains intact because the broker is not allowed to use their clients’ money to make default payment. So, if you’re a Zerodha user then you do not need to be worried about the broker’s default.
Beginner-level traders always prefer to trade with the cheapest broker. In terms of brokerage, as Zerodha charges a flat fee model at Rs. 20 therefore, it is the preferred broker among beginners. On the other side, beginners also require trading assistance however, Zerodha being a discount broker doesn’t provide research & advisory and stock recommendation to their customers, due to which, beginner-level traders face difficulty to trade successfully. But in lieu of this, the broker has online education apps, support portals, and discussion forums to assist beginners. Thus, all-in-one, Zerodha is considered as among one of the most preferable brokers by beginners.
When opening an account with Zerodha, the first question that comes to everyone’s mind is that “what are the benefits to trade with Zerodha? or why to choose Zerodha?”. Although there’re a lot of reasons and several important reasons among all are pointed below;
Nitin Kamath and Nikhil Kamath both are the owners of Zerodha who commenced Zerodha in 2010. It is a Bangalore-based discount broker that provides customers facility to invest in various products such as equity intraday, equity delivery, futures & options, commodities, currencies, mutual funds, and others. Zerodha was the first broker who started offering a discount brokerage plan of flat fee at Rs. 20 while offers free equity delivery trading and free mutual funds investment.
Prior to opening an account with any broker, every person is concerned about whether the broker is safe or not for trading. Zerodha is considered safe broker for trading due to the following reasons;