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Rated 4.5/5 by Top Share Brokers Team
Zerodha Trade@20
Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform, the largest active clientele base, and quick & reliable customer service have positioned Zerodha as the country's largest or number 1 discount broker.
Zerodha is the first-ever discount broker that has brought a revolution in the Indian brokerage space by introducing Rs. 20 flat pricing model. Established in 2010, Zerodha is now the most popular and leading discount brokerage company in India with a market share of over 19%. Zerodha tops the list of best discount brokers with a Rs. 20 flat brokerage pricing model, brokerage-free delivery trading, and zero brokerage investments in direct mutual funds. Zerodha is one of the cheapest discount brokers that offer a lower fee of Rs. 20 per order or 0.03% on equity intraday, equity derivatives, commodity, and currency trading segments while it offers Rs. 0 brokerage fee on investments in equities.
Not only the low-cost brokerage trading, but also the technologically advanced, super-fast, and excellent Kite trading platform with easy-to-use functionality offers Zerodha customers an ultimate unforgettable experience to Zerodha customers. Zerodha Kite platform is available in the browser-enabled website and mobile app versions for Android and iOS devices. Zerodha's Kite platform provides a complete charting solution for traders by offering 6+ types of charts, multiple chart views, trading from the chart, more than 100 technical indicators, and 19+ drawing tools.
Zerodha is also the first broker to launch a free direct investment fund platform, “Zerodha Coin” on the web and app. The Coin platform allows customers to buy and sell thousands of direct investments for free, at zero brokerage fees or commissions. It also has a console reporting dashboard and third-party trading tools such as Sentinel (price alert tool), Streak Algo trading platform, and Sensibull options strategy platform.
The broker offers excellent, superior, and reliable customer service via a helpline number, customer support email, and support portal, where clients can create tickets online to resolve their queries. Scroll down the page for Zerodha Review 2023, including an overview of the Zerodha online account opening process, account opening fee, Zerodha brokerage charges, trading platforms, mobile app features, and Pros and cons.
Current promotion offer from Zerodha for TopShareBrokers Visitors:
Brokerage and Commission Rated 4.5/5
Zerodha is a revolutionary name in the Indian brokerage space with a Rs. 20 flat brokerage plan. The discount broker has one of the lowest cost pricing models that charge Rs. 20 or 0.03%, whichever is lower, for intraday trades and offers free investments in the company's stocks at zero fees.
| Trading Account Opening Charges: | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Rs 300 PA |
Here we are comparing Zerodha with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Zerodha | 5paisa | Upstox | Fyers | Paytm Money |
| Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 3 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Equity Delivery | Free | Flat Fee Rs 20 | 2.5% or Rs 20 whichever is lower | Free | 2.5% or Rs 20 whichever is lower |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | NA |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
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For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.
Please refer unique and accurate Zerodha Brokerage Calculator
Indian residents, as well as non-resident Indians (NRI), can open an account in Zerodha at Rs. 0 minimum deposit. Here is a quick review of who can open an account with Zerodha stock broking firm.
Zerodha Account Opening process is a 100% digital, online, and paperless process that allows you to open a Demat cum Trading account instantly within a few minutes.
Note: Once the process is completed, the Zerodha customer service desk will verify all the details and documents. If everything finds appropriate then your Zerodha account will get activated within 24 hours.
Zerodha No#1 Broker in India
Trading Platforms Rated 4.5/5
Zerodha offers its clients Kite flagship trading platforms through its web and mobile app versions. It also has a dedicated Zerodha Coin investment platform for mutual funds. Take a look at the features of the Kite platform offered by Zerodha.
For detail review of mobile app and download please visit Zerodha Trading Platform Review.
Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;
Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha
Zerodha Helpdesk provides reliable and trustworthy customer services for account opening issues, account charges related issues, and customer grievances. The discount broker offers customer services across all channels including email support, customer care helpline number, and raising tickets online.
Rated 4.5/5 by 159 users
Open a Zerodha account now and start a hassle-free online trading and investing journey with India's best broker with the best trading platforms and brokerage charges. Within a short span of time, Zerodha has set a benchmark for a maximum client base that declares Zerodha a clear winner in the discount brokerage space. The low-cost brokerage fees, easy-to-use trading platform, and varsity-free stock market education platform make Zerodha a great broker for beginners. Moreover, Zerodha is the most recommended broker to invest in direct mutual funds at Rs. 0 investment and redemption charges.
Last updated on: 2023-09-13
All the equity delivery trades through Zerodha are absolutely free. Zero brokerage for any equity delivery. For all equity intraday trades, the brokerage charge is taken as 0.03% or Rs 20 whichever is lower.
The same charge rate is also applicable for Futures and Options (Both intraday and Overnight trades). Here is a list below.
You can also refer to the list of charges given by Zerodha here. They also provide a Brokerage Calculator that can be used to calculate the brokerage charge upfront.
Yes, Zerodha provides the free Mutual fund investing platform called “COIN”. You can choose any mutual fund to invest in out of thousands of Mutual funds. The best thing is they provide direct mutual funds which are always cheaper than any Regular Mutual fund.
In a regular Mutual fund, you have to pay a higher expense ratio because of the involvement of distributors. In a Direct mutual fund, there is no middle man distributor commission and orders directly go to the AMC, so a low expense ratio.
You can invest in mutual funds categories such as equity, debt, liquid, Hybrid funds, Fund of Funds, and Index funds through COIN-Zerodha.
Yes, you can add another secondary bank account to Zerodha through the online bank addition process. Through a secondary bank, you will be able to add funds but not withdraw them to the secondary bank. The withdrawal amount is always credited to your Primary bank account.
To add the bank online, follow the below-mentioned steps.
Your new bank account will be added in 48 working hours.
You can change your primary bank account as well as add a secondary bank account through Zerodha via online mode.
To change your bank follow the below steps.
The bank will be changed within 48 working hours of submitting the request.
You have to change your registered bank account offline if you fall into the below three categories.
To change the bank account in such a case you have to send the Account Modification Form along with any of the below documents.
Account Modification Form can be downloaded from this link.
Yes, you can convert all your equity MIS/intraday positions to CNC/Long term. The position will be carried forward after you place the conversion request.
You have to maintain sufficient margins for the conversion, or you can convert partially. Only buy MIS positions can be converted to CNC, fresh short-sold positions can’t be carried forward in the equity segment.
To convert MIS to CNC, open the “positions” tab, click on the “options” then click on Convert.
When you buy any shares, it takes two working days to settle at the exchange. Until the stock is settled at the exchange it shows in T1/T2 holding.
You can sell the stocks while they are on the T1 or T2 settlement day. You have to go to holdings, click on exit and then click on sell.
However, for some stocks, BTST (Buy today and Sell tomorrow) feature is not available, when they fall into the trade-to-trade category or ASM/GSM stage.
Generally, the hacking of your Zerodha account is impossible if you don’t share your login credentials with anyone else.
To login into Zerodha, you have to enter the user name- password- Pin. So it is secure if you don’t share the password and pin with any near one.
Now the exchange is making TOTP mandatory from 30th September 2022, because of the increasing fraudulent activities. With TOTP activated it becomes very secure to trade in your broker's account.
Yes, you can open Zerodha’s account online via visiting the link, zerodha.com/open-account. For an online account opening, your mobile number must be linked to your Aadhaar.
Currently, Zerodha is India’s most profitable broker. Its financials are far ahead of any of its competitors. The company is with Zero debt and never raised any outside funding till now. The company has the largest client base in India because of the trust it generated among its clients. The business model is very sound and never takes any unnecessary risks.
If for any unfortunate circumstances the company goes bankrupt, then also the shares that you would have bought are very safe at its depository “CDSL”.
You can find the details to contact Zerodha at this link. If you are an existing customer in Zerodha then you have to contact them on the below number
If you are opening a new account, then you can contact them on the below details.
Otherwise you can always raise a ticket from the Zerodha Support portal describing your issues there. They will respond to you within 24 working hours via email.
The dividends are credited to your Primary Bank account linked to Zerodha. It might take 30-45 working days from the record date for the dividends to be credited to your bank account.
If you have not received the dividend within that time period, you might have to contact the RTA of the respective company for further information. You can find the details of the RTA/Registrars in the exchange website (e.g https://www.bseindia.com/) in the “Corp Information” section.
Yes, Zerodha offers free equity investing and free investing in direct mutual funds. The brokerage charge taken for equity investments in Zerodha is Zero. However, if you do intraday trading or futures and options you have to pay brokerage which is lower compared to other brokers.
Zerodha provides India’s largest free mutual fund investment platform with zero commission.
As per Zerodha’s official website, it started its operations on 15th August 2010. They pioneered discount broking in India. They were the first to come up with a flat brokerage model in India. Now the company is India’s largest brokerage firm in terms of revenue and client base.
You can find the details like DP ID, BO ID, Demat Id, etc on your console. To do so follow the below steps.
The DP ID is the identification number given to the depository participant. Zerodha is itself a depository participant.
You can see your support code/telephone code in Kite app by visiting Profile> Manage account>View support code.
On the web, you can visit Myprofile>view(support code). While calling the Zerodha Customer support line from your registered mobile number, it will ask you to enter the support code. Once you enter the support code it will connect to one of their executives.
If you call from an unregistered mobile number, you have to enter the registered mobile number followed by the support code.
Zerodha was founded by Nitin Kamath and his younger brother Nikhil Kamath in the year of 2010. Zerodha contributes to 15% of all Indian trading volumes and largest broker in the country now.
There are many reasons why Zerodha is the best broker to open a Demat account.
Your account fund balance might show negative because of various possible reasons. Each is mentioned below.
The yearly maintenance charge (AMC) is the charge that you pay to maintain your Demat account with your broker. Zerodha deducts the AMC charges quarterly.
The AMC charge is “0” if your account is a BSDA account( Basic Service Demat Account). For the BSDA account, the condition is you need to have only one Demat account and the holding value including stocks, mutual funds, and bonds should be less than 2 lakhs.
For the Non-BSDA account, the AMC charge is as below.
| Account type | Quarterly Charges | Per year |
| Individuals, HUFs, and partnership firms | Rs75 + 18% GST | Rs300 + 18% GST |
| NRIs | Rs125 + 18% GST | Rs500 + 18% GST |
| Corporates, i.e. LLPs and private & public companies | Rs250 + 18% GST | Rs1000 + 18% GST |
You can not invest in foreign stock exchanges through Zerodha. Currently, they don’t have that feature. But you can always invest in international mutual funds through Zerodha.
When you buy any shares, it takes two working days to settle at the exchange. Until the stock is settled at the exchange it shows in T1/T2 holding.
You can sell the stocks while they are on the T1 or T2 settlement day.
However, for some stocks, BTST (Buy today and Sell tomorrow) feature is not available, when they fall into the trade-to-trade category or ASM/GSM stage.
When you sell your shares from holding, you receive 80% that day and 20% the next trading day morning. The 20% of the sold value which is blocked, gets reflected in your delivery margin section on the fund's page.
You can use that 80% sold value the same day for trading and investing purposes.
Yes, there can be a peak margin penalty in BTST trade, if the ad-hoc margin for that particular stock is increased by the exchange. BTST trade means buying something today and selling the same next day or the day after tomorrow before the settlement of shares.
Suppose the Adhoc margin is increased in the stock you purchased because of volatility or some other reasons, so the exchange will start blocking extra funds if you sell the share on BTST basis. If you don’t have sufficient margin at that time in your available funds, this might lead to a penalty. You can check the list of stocks here on the Zerodha website, which might cause a BTST penalty because of increased Ad-hoc margin.
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