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.
Zerodha with a unique name and meaning, no Barrier Zero + rodha ( Barrier in English) is emerging as a single largest Discount Broker in India. Zerodha is the largest discount broker and "3 largest stock brokerage in India" after ICICI Direct and HDFC Securities.The reaoson Zerodha is getting most popular because of "best online trading platform in india", "low brokerage and high exposure", "100% online broker" and "lowest brokerage charges".
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 which makes Zerodha "lowest brokerage fees in India". 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 Direct Mutual Funds and SIP Investment . Unlike other discount Brokers, Zerodha has branches in 40+ cities of India other than headoffice in Banglore.
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 - For FREE, which gives you better return compare to regular mutual funds investment. Zerodha is the first broker in India who is providing Direct Mutual Fund investment 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.
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.
Free delivery Trading - Zero Brokerage, Direct Mutual Fund Investment on Zero Cost
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Here we are comparing Zerodha with its 5 close competitors, who are currently market leader in brokerage industry.
| 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
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).
For STT, Stamp Duty, GST and SEBI Charges please refer to the Brokerage Plan tab.
| Brokerage Plan | Max Rs 20 Per Order Plan |
| Flat Fee | NA |
| Equity Delivery | Free |
| Equity Intraday | 0.01% or Rs 20 whichever is lower |
| Equity Futures | 0.01% or Rs 20 whichever is lower |
| Equity Options | Flat Fee Rs 20 |
| Currency Futures | 0.01% or Rs 20 whichever is lower |
| Currency Options | Flat Fee Rs 20 |
| Commodity | Flat Fee Rs 20 |
For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.
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
Changes from 1st July 2018 onwards:
Due to margin policy changes by SEBI – For overnight position, one needs to keep maintain SPAN + Exposure both margin in his account.
This will impact on Intraday margin also – As previously broker need to keep only SPAN margin, now broker need to block SPAN + exposure margin for the intraday position, in such case Zerodha has changed its intraday margin policy –
For MIS trading – Its was 40% of SPAN + Exposure, now changes to 50%.
For BO/CO Orders – Margin requirements depended on Stop Loss amount and was min 1% fro index derivatives now changed to 1.25%. For equity/stocks derivatives it was 2% now its 2.25%.
Intraday Margin for commodities and currency will remain the same. As there was no exposure for commodities so no changes in commodities.
These changes are across the board and not only with Zerodha, All brokers need to shift their margin policy.
To open an trading/DP account with Zerodha,please provide your contact information.
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).
This is the advanced desktop trading software by Zerodha to minimize all the barriers in smooth trading. Its main features are:
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.
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.
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. Zerodha has stopped charging monthly fee for Direct Mutual Fund Investment and giving MF investment service for FREE.
CnT service has a 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.
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 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 Trading Platform Review.
Zerodha is a well-respected share broker with a great offering. Zerodha has approx over 9+ Lakhs [Mar 2019] 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.
22nd Mar 2019: Zerodha Clearning Charges Update - Zerodha is shifting from 3rd party clearing member to self-clearing member under Zerodha Broking Ltd, with that no professional clearing Member(PCM) charges will be charged for futures and options premium. Exchane transaction charges for Futures will be Rs 190 per Cr and Option premium is Rs 5000 per cr, which was rs 210 per cr and 5200 per cr previously.
23th Feb 2019: Zerodha Kite- Now Second level authentication is with 6 digit pin.Previously it was with a personal question based, now it will be more faster to login on Kite.
Jan 2019 – Zerodha started offering 3-in-1 account with IDFC Bank.
Jan 2019 – Zerodha broke the barrier and become number one share broker in India in terms of Active Clients. Zerodha started its operation in Aug 2010, and become number one broker in India in just 8 years.
16th Oct 2018: Zerodha Coin - Online module included for retail investors to Invest in Government Securities(Bonds and T-bills).
19th Sep 2018: Zerodha Commodity Account – To open a Commodity account, you need to open trading + commodity account. Now you can’t open only Commodity Account. This is to make all internal system work more effectively and give you a single view of your portfolio.
12th Sep 2018: Zerodha announce their collaboration with Thomson Reuters for advance research reports named StockReports+. Even though this service is paid service, but the price tie-up between Zerodha and Thomson Return is a really amazing deal for Indian Investor. Available in 3 easy plan Rs 150 PM, Rs 850 - 6 Months and Rs 1440 Yearly plan.
24th Aug 2018 : Coin Update - Now investment in Direct Mutual Fund with Zerodha is completely FREE. Previously Zerodha was charging Rs 50 PM for investment above Rs 25,000. Now they make this completely free for Zerodha Clients.
28th July 2018 : Coin Update - ELSS (Tax Saving Direct Mutual Funds) are free to invest, Zerodha charge Rs 50 PM if your MF investment is more than 25,000 Rs. With new changes, you can invest in ELSS for free even though your investment goes above 25,000 Rs.
Profit and loss statement for mutual funds can be downloaded on the coin for FY 2017-18.
24th July 2018 - Demat Account Linking – 3rd Party Demat accounts linking with Zerodha Trading account are not accepted. This is because of the accountability point of view. With this, Zerodha will accept only Zerodha Demat account. If you have any demat account with any other service provider, you need to move to Zerodha demat service.
If you like what you have read and want to open an trading and demat account with Zerodha, leave your contact information with us and we will guide you.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor