Zerodha best discount broker in India

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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 - A Discount 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.

Why Zerodha is the Best discount broker?

  1. Strong clientele base of 30 Lakh + customers.
  2. Comprehensive product portfolio i.e. equity, F&O, commodity, currency, IPO, MF, bonds, etc.
  3. Pioneer of flat brokerage model of Rs. 20 per order on trading across segments.
  4. Free equity delivery trading at nil brokerage.
  5. Zerodha IDFC First Bank 3-in-1 online account opening facility.
  6. Margin trading facility.
  7. NRI trading services.
  8. Free direct mutual fund investment on Zerodha Coin at 0 fees.
  9. Free Kite web and mobile app-based trading platform. Check more about Zerodha Kite.
  10. Access to the third-party platforms; Sensibull, Smallcase, Streak, etc.
  11. Unique and intuitive reporting dashboard, “Zerodha Console”.
  12. Advanced orders i.e. Aftermarket order, GTT, Bracket order (BO), and Cover Order (CO).
  13. Access to various trading tools like a 60-day challenge, brokerage calculator, and SPAN calculator.
  14. Excellent customer service on Zerodha Support portal with very low complaint ratio.
  15. Free education on Zerodha Varsity and Z-connect portal.
  16. 20+ branches and partner offices in India.

Is Zerodha Safe?

Yes, Zerodha is a safe and trustworthy broker for long-term investment due to a number of reasons, provided here as under;

  • A registered member of SEBI, NSE, BSE, MCX, and CDSL.
  • Strong complaint management ratio to active clients.
  • Zero-debt means debt-free company.
  • Flat Rs. 20 brokerage with no hidden charges.
  • No proprietary trading.
  • Transparent business practices.
  • Strong customer support services.

Zerodha Trading Pros

  • Multiple trading & investment products.
  • Cheapest brokerage model of flat Rs. 20 per order.
  • Fast and secure Kite trading platform.
  • Paperless account opening process.
  • Free direct mutual fund investment.

Zerodha Trading Cons

  • It doesn’t provide research and advisory services.
  • Residents can open Zerodha 3-in-1 account with IDFC First bank only.
  • NRI can open a 3-in-1 account with HDFC, IndusInd, Axis, or IDFC First Bank.
  • High call & trade charges and auto-square off charges of Rs. 50 per order.
  • Investment in global markets/foreign stocks is not available.
  • Percentage-based or monthly brokerage plans are not available.

Final Remarks

    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

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FAQs

  1. 1. Can Zerodha be trusted?

    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.

     

     

     

  2. 2. Can Zerodha Default?

    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.

     

     

     

  3. 3. Is Zerodha good for beginners?

    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.

     

     

     

  4. 4. What are the benefits of Zerodha trading?

    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;

    • Lowest brokerage trading: Zerodha offering free equity delivery trade and other segments are charged at a flat brokerage Rs. 20 per order that is the key factor that attracts people to open an account with Zerodha.
    • Robust trading platforms: Zerodha Kite App, Kite Web, Zerodha Coin, Zerodha Sentinel, and Zerodha Sensibull are the advanced technology trading platforms offered to clients.
    • Zerodha console for analytics and reporting.
    • Country’s largest stockbroker with the highest market share.
    • A decade of proven track record in the stockbroking industry.
    • Sound customer services with value-added offerings such as Amibroker, referral, smallcase, etc.

     

     

     

  5. 5. Who owns Zerodha?

    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.

     

     

     

  6. 6. Is Zerodha Good for trading?

    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;

    • Regulated by regulatory body, Security and Exchange Board of India (SEBI)
    • Trading & investment in equity, ETF, derivatives, commodity, currency, bonds, mutual funds, and IPO.
    • 3 million Active retail client base.
    • Low trading charges – flat fee Rs. 20 per order.
    • A great trading platform like Kite Web, Kite mobile app, and Zerodha coin.
    • Free equity delivery trade and direct mutual fund investment.

     

     

     

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  2020-10-01T08:56:24+00:00






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