Zerodha Review - Number one Discount Share Broker India 2019

Last Updated - 2018-12-04

Rated 4.5/5 based on 1 customer reviews

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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 advanced 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 3.0, is a lightweight, low bandwidth, multi-language web based trading platform.
  6. Supports desktop base, web based and mobile based trading platform.
  7. Free fund transfer using UPI (Unified Payments Interface)
  8. Innovative and unique trading tools – SPAN Calculator, algoZ, Option Strategy, Market Monitor, etc.
  9. Zerodha F&O Margin Calculator.
  10. No upfront fee, no minimum brokerage and no minimum contract charges.
  11. Invest in Mutual Funds - Zerodha Coin- Direct Mutual Fund Investment - Free
  12. NRI Trading - First Discount broker providing NRI services.
  13. Open account online and paperless - Step by step guide.
  14. Zerodha Margin Calculator
  15. Sensibull Options Strategy By Zerodha
  16. StockReportsPlus - Research Report from Thomson Reuters available with Zerodha - Paid Service.
  17. Invest in Government Securities-Bonds and T-bills with Zerodha Coin
  18. Zerodha offers 3-in-1 Account with IDFC Bank >>Detail

Latest Update from Zerodha:

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.

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Special Offer: Free delivery Trading - Zero Brokerage, Direct Mutual Fund Investment on Zero Cost Sign up now .
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Zerodha Review - 2019

    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 6 lakh. Zerodha is the largest discount broker and 3 largest brokerage house in India after ICICI Direct and HDFC Securities.

    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. 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 Mutual Funds . Unlike other discount Brokers, Zerodha has branches in 40+ cities of India other than Banglore main office.

    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 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.

    Zerodha NRI Account

    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.

    Latest Updates from Zerodha:

    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 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.

Open an account today. Get Started

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


  • 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.


  • Doesn't have monthly plans.
  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
Exclusive OfferExclusive Offer

Zerodha - Get Exclusive Offer Sign up now

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
Please refer unique and accurate Zerodha Brokerage Calculator

Zerodha Brokerage Charges - 2019

    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).

    Zerodha 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)
    • 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)
    • Commodity Trading Brokerage: 0.01% or Rs 20 per executed order (whichever is lower)

    Zerodha Account Charges

    • Trading Account Opening Charges (One Time): Rs 200
    • Demat Account Opening Charges (One Time): Rs 100
    • Trading Annual maintenance charges (AMC): NIL
    • Demat Account Annual Maintenance Charges (AMC): Rs 300 Per Year

    Zerodha 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 an additional charge of Rs 20/- per contract + Courier charges.
    • Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
    • Free UPI transactions with Zerodha.
    • 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, GST 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 an online trading account to trade in stocks, derivatives, indices and currencies on NSE and BSE. Trading can be done through the 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.

    For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.

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Zerodha Brokerage Charges - Max Rs 20 Per Order Plan

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

Margin With Zerodha

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 2 times or 50% of NRML margin for futures trades.
  3. Zerodha margin for Options - Zerodha offers 2 times or 50% 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/BO orders

  1. Zerodha exposure for intraday trading - Zerodha offers up to 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(Cash & Carry) orders.
  2. Zerodha margin for the F&O overnight position - as per exchange stipulated margins

Zerodha Margin Calculator

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.

Account Opening with Zerodha

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

Contact Zerodha

Are you a day trader?

Zerodha Web, Mobile app and Desktop base trading platform - 2019

    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).

    • Zerodha Desktop Trading 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

    • Zerodha Web trading platform "KITE 3.0"

      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.

    • Kite Zerodha Mobile Trading App

      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.

      Downlaod Android version of Kite Mobile App

    • Coin 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.

    • Zerodha Call n Trade

      CnT service has a cost of Rs 20 per Trade.

    • Automatic Trading with AmiBroker.

      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

      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 Mobile App.

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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

Zerodha Product and Services Features

Zerodha - 3 in 1 Account help
Zerodha - Multiple Plans help
Zerodha - Monthly Plan help
Zerodha - Yearly Plan help
Zerodha - Portfolio help
Zerodha - Charting help
Zerodha - Automated Trading help
Zerodha - AMO Order help
Zerodha - Allow GTC Order help
Zerodha - SMS Alerts help
Zerodha - Margin Trade Funding help
Combined Ledger for Equity and Commodityhelp
Zerodha - NRI Trading help

Offering of Investments by Zerodha

Zerodha - Equity Cash and F&O help
Zerodha - Currency F&O help
Zerodha - Commodity Trading help
Zerodha - Mutual Funds help
Zerodha - ETF help
Zerodha - Online IPO help
Zerodha - Bonds Investment help
Zerodha - Debt Investment help
Zerodha - Banking Service help
Zerodha - Insurance Service help
Zerodha - MF SIP Investment help

Zerodha Trading Platforms & Tools Options

Zerodha - Desktop Platform (Windows) help
Zerodha - Desktop Platform (Mac) help
Zerodha - Web Platform help
Zerodha - Stock Alerts via Email help
Zerodha - Stock Alerts via SMS help
Zerodha - Virtual Trading help
Zerodha - Watch-lists, streaming real-time quotes help
Zerodha - Mobile App help
Zerodha - Android Tablet App help
Zerodha - Android App help
Zerodha - iPhone App help
Zerodha - iPad App help
Zerodha - Mobile Trading Site help

Customer Service Offered by Zerodha

Zerodha - Phone Support help
Zerodha - Toll Free Number help
Zerodha - Email Support help
Zerodha - Branch Offices help
Zerodha - Live Chat help
Zerodha - 24/7 Support help

Zerodha Research and Market Reports

Zerodha - Daily Market Report help
Zerodha - Free Tips help
Zerodha - Quarterly Results help
Zerodha - New Alerts help
Zerodha - Mutual Funds Research help
Zerodha - Research Equity Reports help
Zerodha - ETF Research help

Final thought about Zerodha

Zerodha is a well-respected share broker with a great offering. Zerodha has approx over 6+ Lakhs [Feb 2017] 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.

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

106. Shameem Banu  Feb 22, 2019 2:44:36 PM IST Reply
If I want to buy 6000 shares in one shot then how much money should be in my dmat account ?
105. ramesh  Jan 2, 2019 5:01:28 PM IST Reply
Option Trading is very worst,always hangs and mess up.
Thursday is bank nifty expiry trading is very pathetic


Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Average
Overall Experience - Below Average
104. ramesh  Jan 2, 2019 4:59:12 PM IST Reply

For Option traders it is real hell.
They dont allow you to trade above 150 points.
Which is really pathetic.

103. diliup  Jan 1, 2019 4:47:41 PM IST Reply
give me mobile contact for accont opening and information
102. Neel  Dec 27, 2018 1:24:47 PM IST Reply
In zerodha delivery is totally Free


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
101. ram  Dec 15, 2018 11:05:43 AM IST Reply
good for traders but just an average broking house for normal investors ending up with a very pathetic customer care service


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Below Average
100. sandeep gautam  Dec 10, 2018 4:52:28 PM IST Reply
what i will get if i refer a friend
can i apply in ipo throught sbi bank with your demat account number
about reward or discount any other offer
100.1. Kundan  Dec 10, 2018 9:09:47 PM IST
Zerodha latest refer plan - One-month Free subscription of any paid application.
Yes, You can apply in IPO from SBI bank using Zerodha Demat account.
No discount or any other offer available.
99. KANAIYALAL  Dec 4, 2018 8:49:56 AM IST Reply

99.1. CA Sachin jain  Dec 5, 2018 8:42:42 AM IST


Accept Buyback offer with Zerodha-

To participate in the buyback, you need to send an email to Email with

  • Your Zerodha Client ID

  • Script/Stock which you want to apply in Buyback.

  • The number of shares you wish to apply in Buyback.

I personally suggest you apply the complete holding of the script, the actual acceptance ratio can be up from proposed acceptance ratio.

98. Syed Mahatab Hossain  Dec 4, 2018 3:51:15 PM IST Reply
I don''t know speak to English. But I understand something. And also I have no idea about share market. Can I start trading ?
97. Amit  Nov 15, 2018 3:37:57 AM IST Reply
Zerodha office nr nelam chowk faridabad.

Enquire Zerodha Trading Account:

Are you a day trader?

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