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Zerodha is India’s largest discount broker with over 30 Lakh + customer base. It is the best broker in India due to the lowest brokerage online trading at just Rs. 20 per order in equity, F&O, commodity and currency, free delivery trading, and free direct mutual fund investment on Zerodha Coin.
The Bengaluru-based brokerage house offers online trading and investment in equity, futures & options, commodity, currency, IPO, mutual funds, bonds, government securities, and others. Zerodha charges Rs. 20 per order or 0.03% whichever is lower on trading across segments. The broker is a registered DP with CDSL and tie-up with IDFC First Bank offers a 3-in-1 account opening facility (Demat + Trading + Bank a/c). NRIs can also open an account in Zerodha and starts online trading in the equity delivery and equity derivative segment.
Zerodha Kite is the best online trading platform that can be accessed through any browser or Kite mobile app available on Android and iOS. It is the first broker who introduced Zerodha Coin web and app-based commission-free direct mutual fund investment platform at zero brokerage. It further offers various third-party trading tools like Smallcase (thematic investing platform), Sensibull, Streak, Stockreports+, etc. Zerodha Console is its back-office portal where all the reports like trading, P&L, fund transfer, etc. are available. Varsity by Zerodha web and mobile app is a free stock market education platform.
Further, margin trading, bracket order, cover order, GTT order, call & trade, refer & earn, etc. value-added services are available with the broker. Zerodha is also known for its excellent customer support services over the telephone, e-mail, and its support portal where users can raise tickets and the team will respond to your query within 24 hours. This is the reason for the strong complaints management ratio. It also has 120+ branches and partner offices to provide offline account opening and other services. Get Zerodha Review 2021 to know the account opening fee, brokerage, margins, trading platforms, and pros & cons.
Pioneer of Rs. 20 flat brokerage model, free delivery trading, best Kite trading platform, and the first broker to launch Coin - Free Direct MF platform.
Free delivery trading + Free Direct MF investment + Trade at Max Rs. 20 per orderSign up now
Here we are comparing Zerodha with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Online Rs 200 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 300 PA
Zerodha is the pioneer of the flat brokerage model that offers the lowest brokerage online trading at maximum of Rs. 20 per order brokerage charges across segments. Check out the segment-wise brokerage here;
|Equity Intraday (MIS)||Flat Rs. 20 per order or 0.03% whichever is lower|
|Equity Futures||Flat Rs. 20 per order or 0.03% whichever is lower|
|Equity Options||Flat Rs. 20 per order|
|Commodity futures||Flat Rs. 20 per order or 0.03% whichever is lower|
|Commodity Options||Flat Rs. 20 per order or 0.03% whichever is lower|
|Currency futures||Flat Rs. 20 per order or 0.03% whichever is lower|
|Currency options||Flat Rs. 20 per order or 0.03% whichever is lower|
|Direct Mutual Funds||Free, Zero Brokerage|
|Pros [Benefits]||Cons [Disadvantages]|
For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.
Here we are comparing Zerodha with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||2 in 1||3 in 1||2 in 1|
|Equity Delivery||Free||0.5% or 50 paisa||Flat Fee Rs 20||2.5% or Rs 20 whichever is lower||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.03% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate Zerodha Brokerage Calculator
Zerodha offers margin trading facility to customers while trading across segments Here are the margin details offered by Zerodha;
|Equity Delivery||1x or no margin on CNC|
|Equity Intraday (MIS)||Up to 20x (depends upon the stock)|
|Equity Future||Intraday - 40%(2.5x), CNC - 1x of Total margin (Span+ Exposure)|
|Equity Options||Intraday - 40%(2.5x), CNC - 1x of Total margin (Span+ Exposure)|
|Currency Future||Intraday - 40%(2.5x), CNC - 1x of Total margin (Span+ Exposure)|
|Currency Options||Intraday - 40%(2.5x), CNC - 1x of Total margin (Span+ Exposure)|
|Commodity Future||Intraday - 40%(2.5x), CNC - 1x of Span|
An equity trading account in Zerodha helps to trade in stocks, futures & options, and currency segment through Zerodha Kite Platform. A trading account holder can also access Zerodha Coin to invest in direct mutual funds. Zerodha charges Rs. 200 online account opening fee whereas trading account AMC is nil.
Zerodha through CDSL membership offers a Demat account opening facility to keep electronic delivery of stocks and mutual funds in a safe manner. Zerodha offers a Free Demat account at zero account opening fee but charges ₹300 AMC on a quarterly basis.
To trade-in MCX, you have to open Zerodha Commodity Trading Account at Rs. 100 account opening fee. Notably, you cannot only open a commodity account in Zerodha thus, equity trading + MCX + Demat account will be opened together at ₹300 charges. However, offline account opening fee is ₹400.
NRIs can open a Demat + Trading account in Zerodha by linking it with NRE or NRO savings bank account with HDFC, Axis, IndusInd, and IDFC First Bank. Zerodha NRI account facilitates equity delivery trading at ₹200 or 0.1%, whichever is lower and equity derivative trading is charged at ₹100 per order brokerage.
Zerodha offers web and mobile-based trading platforms for online trading in different segments.
Kite 3.0 is an in-house built flagship trading platform that is available in web and mobile versions. Customers can access the Kite platform through any browser or download the Kite by Zerodha mobile app on Android and iOS devices to trade at your fingertips. You can also access Kite Connect API to build your own front-end platform.
Zerodha Coin web and mobile app is a direct mutual fund investment platform. Anyone who has opened Zerodha Demat and a trading account can access the platform using any browser or install a coin mobile app to buy and sell direct schemes of 40+ fund houses. Zerodha allows free mutual fund investment at nil brokerage charges or commission.
The console is a back-office reporting tool that can be accessed through the Kite platform. All the reports i.e. trade report, P&L report, fund transfer and withdrawal request, contract notes, etc. are available over the console. One can also apply for IPO online through the Zerodha console using Kite web and mobile app.
Sentinel is a price-alert tool that allows customers to set price alerts in different segments. The tool allows customers to set a real-time price alert on 80,000+ stocks, derivatives, commodities, and currency. Whenever the alert is triggered, you will be notified on the Kite web and app.
For detail review of mobile app and download please visit Zerodha Trading Platform Review.
Here we are comparing Zerodha with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
Zerodha, India’s number one discount broker offers a range of products & services including equity, futures & options, commodity, currency, IPO, bonds, and government securities. It's flat Rs. 20 per order brokerage, zero brokerage delivery trading, best trading platform - Zerodha Kite, free Direct MF investment on Zerodha Coin, etc. are the key benefits to trade with Zerodha. If you want to trade at the lowest brokerage charges, then you must open an account with Zerodha and start online trading.
Last updated on: 2021-10-19
If you deal in equity delivery based trades, then nil fees are applicable to your trading i.e FREE Equity Delivery Trade. However, if you start trading in equity intraday, F&O, Currency and Commodities, then you have to pay 0.03% or Rs.20 – the lowest amount will be applicable. In such case, your brokerage will be maximum Rs 20.
If you’re a Zerodha account holder, then you can change registered bank account details in Zerodha account.
Steps to change bank account in Zerodha:
The discount brokerage house doesn’t facilitate users to change their primary bank account online thus, the only offline process is available wherein users have to download the Zerodha account modification form from the broker’s website, fill the form and submit it to the broker’s head office. Notably, the service is not available to free of cost and charged at Rs. 25 for the account modification.
In general, circumstances, if you have bought shares today then it will be reflected in your Zerodha Demat account after 2 days, called T+2 days. Notably, it includes only two working days, until the stock is delivered to your Demat account for 2 days, you can see the bought scrips in the t1 holdings. If you want to sell t1 shares then it is termed as BTST stands for “Buy Today Sell Tomorrow”. To sell t1 shares with Zerodha, one must place a sell order using the CNC option. It will still reflect to open position but by the end of the day, it will be automatically closed.
No, the discount broker maintains full security for clients to prevent the account not to be hacked by unauthorized persons. You can also maintain your own account security by setting a two-factor authentication or creating a strong password. Even if in rare circumstances, any Zerodha user notices unauthorized access then the client must immediately inform the broker about the same.
Yes, the discount brokers like Zerodha provides both the online as well as an offline route to open an account. The online account opening process is tech-savvy that saves time because all the information is provided online on the broker’s website. The process doesn’t take more than 15 minutes and if the client has entered the information correctly and no discrepancy found, then the account will get activated the same day.
If you’re either an existing Zerodha account user or looking to open an account with Zerodha, then it is obvious to be concern about whether the broker can go bankrupt or not and the point is completely valid because everyone wants to open an account with a trusted broker. Talking about Zerodha, as of now, there’re no signs of bankruptcy due to the following reasons;
However, as the future is unpredictable so even if in unforeseen circumstances, Zerodha goes bankrupt then still, your investment is safe. It is because your investment are held with the depository participant – CDSL. So, if in future, Zerodha goes bankrupt then you can open a new Demat account with any other broker and link it to your existing DP to access your portfolio.
If you are an existing Zerodha user or even if looking to become a part of Zerodha client base then you can contact with Zerodha differently, as follows;
As the broker also has a widespread geographical network through a number of branches, so you can also contact Zerodha offline by visiting the broker’s branch.
If a company has declared dividends and you hold shares of a particular company in your Zerodha Demat account before the dividend declaration date then you will be able to get the dividend. The dividend will be automatically credited to your primary bank account linked with Zerodha account.
Yes, the discount broker Zerodha is offering free equity delivery trade and free direct mutual funds investment on the Coin platform. Thus, if anyone is only looking to invest in either mutual funds or wants to trade-in equity delivery segment or even in both of these, then Zerodha is the best broker one must look for. However, trading in other segments i.e. equity intraday, futures & options, commodity, and currency, the Zerodha charges brokerage of Rs. 20 per order.
Zerodha DP ID is 12081600, you can easily find Zerodha DP ID after login your account on Zerodha Kite platform.
Zerodha telephone code (Z Pin) is now called support code that is actually customer identification number when raising any query on support portal or placing telephonic orders via call & trade.
Steps to find the support code;
The brother duo Nitin Kamath and Nikhil Kamath are the founder or owner of Zerodha who started the business in the year 2010. It is a discount brokerage firm that is currently, India’s largest stockbroker in terms of overall contribution to the daily trading volume.
When anyone looks to open a demat and trading account with Zerodha, then the first thing that raise everyone’s eyebrows is why Zerodha and not someone else? then its justifiable answer is provided hereunder;
Yearly maintenance charge or Annual maintenance charge is the cost that every broker charge to manage the client’s trading and demat account. Zerodha demat yearly maintenance charge is Rs. 300, while there is no AMC charged on the Zerodha trading account and commodity trading account, which means Zerodha yearly trading maintenance fee is zero.
T1, as the name itself, represents all those stocks who have been purchased but not yet credited to your Zerodha Demat account. For instance, if you’ve purchased shares yesterday, then today, it will remain as t1 holdings and will not be credited to your account. The reason behind this is the clearing & settlement process is 2 days means any stock that you’ve bought through the Zerodha trading account will be transferred or credited into your account within t+2 days.
Post SEBI’s new peak margin norms came into effect from 1st Dec 2020, if a client sells his shares in the Demat account or T1 holdings then only 80% of the sale proceeds will be credited to the client account on the same trading session and the balance 20% amount will be blocked as delivery margin and credited on the next trading day.
Yes, the new peak margin penalty is applicable on the sale of shares in the Demat account or BTST trades. Here, BTST refers to the stocks purchased today, and selling them tomorrow means the shares are not yet credited to the client Demat account.
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