Zerodha Review & Brokerage Charges

Zerodha is India’s first and largest discount broker which has been active since 2009. Here is a comprehensive review of this discount broker, as well as its products, offerings and services. Let us check Zerodha Review in detail.

Zerodha Customer Ratings & Review

Zerodha Customer Reviews & Ratings

About Zerodha

Started in 2009, Zerodha is officially recognized as India’s first and most prominent discount broker. It was founded by Nithin Kamath who had worked as a stock trader before starting his own broking house. Apart from bringing a competitive pricing model that made it the first of its kind, Zerodha is also acknowledged as a pioneer in technology for trading in India.

The broking house officially began its operations on 15th August 2010. As its name, mixing the English word ‘Zero and the Sanksrit ‘Rodha’ (Barrier), would suggest, Zerodha had the vision to break possible barriers that various traders, investors and various other aspiring money-makers face in the country’s economic scenario. In the last six years, the broking house has steadily grown with leaps and bounds, becoming one of the main players in the BSE, NSE, MCX-SX and the MCX with average daily turnovers of over Rs. 5000 crores.

Check more information on Zerodha

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As a broking house, Zerodha has consistently upheld its vision to assist retail traders and investors. It is now dedicated to provide more up-to-date and timely knowledge as well as hi-tech tools and platforms as well as constant customer support at competitive prices.

It is also perhaps the harbinger for the new spate of discount brokers in the country.

In 2015, Zerodha made another huge leap in the field of trading platform technology. This was by introducing its new in-house trading platform, called as Pi. It has also introduced extremely competitive and affordable pricing schemes for investors using its platforms. It has also developed innovative platforms for customer support. The Associate Program also enables the investors to refer more customers through their personal contacts. This has also boosted its popularity as a discount broking house in India.

Open Demat Account with Zerodha

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Zerodha Brokerage Charges and Fees

The following is brokerage structure for Zerodha.

Equity Delivery Based trades will have no brokerage charges for them. This has been the rule set out by Zeodha since December 2015. For Equity Intraday trades, the applicable rates will be 0.01% to Rs. 20 per trade, whichever will be lower. For the equity options, the same rates will apply but in this case, the brokerage will be dependent on the turnover as well. The minimum brokerage will thus be Rs. 0.01 and the maximum rate will be Rs. 20 per trade. Zerodha also offers a live Brokerage calculator that will allow traders and investors to compute the rates of brokerage applicable to their investments and transactions.

There are some other charges that will be applicable for the investors and customers of Zerodha as well. The STT is a charge that is only for the sell side in intraday and F&O transactions as well. It will be charged on both sides

for Equity trades. There will also be the normal Stamp Duty charge for all the states of India and this changes as per the state in which the transaction takes place. The transaction charge is very small and falls somewhere between 0.00325% for Deliveries, 0.0021% for Futures and 0.053% for Options.

The service tax charge for all transactions will remain the standard 14% of the total amount. There is also the SEBI charge for Rs. 20 for every crore of the transaction.

Call and trade feature from Zerodha will come in at a cost of Rs. 20 per call. The Instant Payment Getaway is applicable for over 21 banks and will be Rs. 9 per transfer. There are DP charges for delivery based equity selling- Rs. 8 per transaction.

Overall, the expenses and fees charged by Zerodha are rather transparent in the structure. Zerodha offers you a free calculator to compute the charges on all trades and transactions.

Check more information on Zerodha

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Products & Services Review Kite Mobile App Review
Brokerage Charges Review Pi Review

Zerodha Offers

Zerodha Review & Brokerage Charges

The main offer of Zerodha is the DEMAT Account that they offer. They are one of the few major discount brokers in India who are their own DP. The charge of opening the account is Rs. 100. For Futures and Options, one will not need the DEMAT Account.

Zerodha customers also get the chance to use the advanced platforms and products of the company. There is also the attractive offer of Free Equity Investments. For other trades, there was the offer of a discount of Rs. 20. Also, investors could also use the advanced platforms like KITE and Pi for their trading and investing decisions. This is a major offer by Zerodha that is being promoted right now.

Zerodha Products And Services

The broking house offers a variety of technological add-ons and products that help the investors in stock and securities trading. Among its products are tools for bracket and stoploss orders. Using this product, the investors can place stoploss orders and even cancel them at the right time. The investors can also make cover orders so that they can get higher intraday averages. There are also different calculators for the investors. The SPAN Calculator will help you to evaluate and find out the margin requirements for investments. The Brokerage Calculator will allow investors to know all contract note charges and break even points to plan trades and investments more effectively. The B and S option calculator will help investors to calculate the fair value of equity options.

Zerodha also offers several initiatives to the investors. There is Varsity, a hub for education for investors on Indian Capital Markets. Trading Q&A is a question and answer site for the markets and stock trading. It is free and fully accessible for all the investors and traders.

ZConnect is a blog for investors on investments, trading and news updates on the market and stock exchanges as well. There is additionally a 60 day challenge for the investors, through which they can get their brokerage back. There is also an online link where they can also share their earnings.

Additionally, for investors, there are also many products for market intelligence. Pulse will help investors to stay updated about the latest happenings in business and finance. The Trading Holiday calendar will also give an idea about all the trading holidays. There are also circulars and newsletters for the clients.

Zerodha Trading Platforms

There are three major trading platforms by Zerodha. The first one is known as Kite Web. This is a speedy and efficient HTML5 trading platform that allows client to carry on trading without hassles. The minimalist yet functional trading platform is also responsive on all devices and helps in trading anytime anywhere.

Kite Android is yet another platform which is a simple and responsive UI serving as a reliable backend for investments. It is available for download as an app for Android devices and can be downloaded from the Google Play Store.

Finally, there is the brand-new Zerodha Pi. This unique platform provides traders and investors with in-depth tools for trading, advanced analysis and more. there are many charts and research reports available at the disposal of the investors and traders. This is what makes this platform much sought after by the investors. These platforms further cement Zerodha’s reputation in technology in trading in the country.

Check more information on Zerodha

Demat Account Review Kite Web Review
Products & Services Review Kite Mobile App Review
Brokerage Charges Review Pi Review

Open Demat Account with Zerodha

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

Related Articles:

Zerodha Review
Zerodha Demat Account
Products & Services of Zerodha
Zerodha Brokerage Charges
Kite Web by Zerodha
Zerodha Kite App
PI from Zerodha
Zerodha Brokerage Calculator
Zerodha Franchise

List of all Discount Brokers in India –

Zerodha , 5Paisa , Upstox / RKSV , Samco , SAS Online , Wisdom Capital , Trade Smart Online , Tradejini , Beeline Broking , Compositedge , RK Global , Achiievers Equities , Bonanza Portfolio , MDirect , TradingBells , EzWealth

Important Blog Posts –

Best Stock Broker in India , Top 10 Intraday Trading Brokers in India , Top 10 Sub Broker Partner in India , Best Demat Account in India , Full Service Broker vs Discount Broker in India , 10 Best Practices of Share Market Investment , Mutual Fund vs Real Estate Investment

List of Stock Broking Franchise in India –

Angel Broking Franchise , Kotak Securities Franchise , ICICI Direct Franchise , Sharekhan Franchise , Motilal Oswal Franchise , IIFL Franchise / India Infoline Franchise , SMC Franchise , Nirmal Bang Franchise , Sushil Finance Franchise , Profitmart Franchise

14 thoughts on “Zerodha Review & Brokerage Charges

  • November 17, 2017 at 22:10
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    i want to open an account with Zerodha and its my 1st a/c but when i go for signup it shows this my mobile number has already been used.

    Reply
  • November 20, 2017 at 14:16
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    Hi, I have created Login user ID in Zerodha to open the trading account and I have send 500 rs to Zerodha, but when I proceed next step, it is showing your Aadhar number is matching to your Email and mobile number, I have tried many times and get tired as it showing the same. I have recommended to Zerodha by my brother and he told that he have not opened by online, but Zerodha’s marketing person have filled the details through phone, so please guide me. I have working in the office and I will only free after 6:30, please call me and guide for accounting opening. My mobile number 9942085030, 9976260099. I am waiting for the call back. If anyone speaks in Tamil, it is better to communicate.

    Pls contact after 6:30 p.m.

    Reply
  • August 23, 2018 at 12:02
    Permalink

    I already have a demat account with hdfc secirities, can i open another demat account with zerodha???

    Reply
    • August 25, 2018 at 16:39
      Permalink

      Dear Jikom,

      You can open as many demat accounts you want with any brand you want.
      Thanks for writing to us for any more query, let us know, we will send details.

      Reply
  • January 6, 2019 at 14:45
    Permalink

    Hi,
    I have created Login user ID in Zerodha to open the trading account & made the payments 500 rs to Zerodha’s, but when I proceed next step, it is showing your Aadhar number is matching to your Email and mobile number.

    Reply
    • January 6, 2019 at 20:29
      Permalink

      Dear Amit,

      Please call this number to resolve your issues with Zerodha – +91 80 4040 2020. You can also try get a call back option available in their Account Opening page.

      Reply
  • March 7, 2019 at 23:27
    Permalink

    Ref: Complaining about the negligence from my broker Zerodha

    I am having a demat account with the broker zerodha, my client code: RP8398. Today morning on 27/02/2019 I have placed an order to Sell Voltas Feb Future at 542 on Intraday basis and letter seeing the price decreased I modified the sell price to 540. However after hitting the mark around 538 I realized that the price of Voltas to go up and therefore I have tired cancelling the order for almost 30+ times but due to some technical problem from the broker side I was unable to cancel it. I have also called their call and trade number; they told they are also not able to close my order because of that problem. Eventfully when my order did executed and soon my intraday position came in loss. I tried to exit from the position around the price of 542.2 so many times, but it did not let me close the position. There was a message appearing on the screen “order placement is temporarily unavailable” I tried constantly and by the time the price reached as high as 558. You can imagine the emotional discouragement and predicament that I have gone through. Somehow, I managed to close that position after averaging and loss my 3000 Rs + brokerage for the trade that I did not want to be executed. If the trade had been cancelled when I first tried cancelling it, then I would have not been in loss. Hence it is a clear negligence from my broker side and I cannot afford to lose my hard earned money like this. I want you to kindly intervene in this matter and do the justice to me as I am small investor and this money is very big to me I cannot afford to lose it because of someone else’s fault. I am attaching here with this email the screen shot of the error and want a full compensation for the same, although, the emotional pain is still irreversible.

    Regards

    Reply
    • March 9, 2019 at 08:32
      Permalink

      Dear Sir,

      We will take your complaint to Zerodha’s customer care team. We are extremely sorry for your inconvenience. You can also raise your query with SEBI, they can help resolve your concern with Zerodha.

      Reply
  • March 20, 2019 at 11:27
    Permalink

    stupid system not reliable.
    high chance for loosing huge money for one reason that you cannot close the trade.
    And cannot catch the obvious big moves since the system will go down and will not allow you to trade.
    I suspect they are making counter trades on their customers and making profit.
    Which means you win they loose. If you are going to win big they are going to loose big.
    they will never allow themselves to loose big and yes their system will crash and they will allow you to get in only when they closed their positions safely.
    I’m posting this review everywhere possible.
    when you loose your money will change, but you will certainly loose your money guaranteed.
    Don’t go by people who place orders once in a while. Check with anyone who trades on daily basis actively, There will be not single person to say good about zerodha. They suck big time.

    Reply
  • March 26, 2019 at 20:55
    Permalink

    ek dum bakwas hai.
    i am trying to open my demat account in this but i am unable to do it. i asked on mobile no but no response.i have not got any response from zerodha. i asked to some other client also to help that also not responded. even not responded on mail also . i am getting tention since last one month. i have paid rs 300 also .
    i am giving such review every where as possible site . i tried on this because my one relative is trading on it but i dont like this.

    Reply
    • March 26, 2019 at 21:04
      Permalink

      Dear Sukanya,

      You can contact zerodha on this number they will guide.
      Their New Account Opening Number are – 080 4913 2020, 080 3960 2020.
      Please let us know where are you stuck in the account opening journey. You can login with your mobile no. & restart your account opening journey aswell.

      Reply
  • April 8, 2019 at 18:43
    Permalink

    I have paid amount of Rs. 300 to Zerodha but yet not able to open my account. They show me that my PAN Card no. With my Birth date not match. I told one of executive name Mr. Deepak but not any response from his site.

    Reply
    • April 9, 2019 at 08:21
      Permalink

      Dear Biayanta,

      You can connect with their customer care no. to lodge your complaint. Meanwhile, if you wish, I can connect with you some full service brokers providing flat rates.

      Let us know if you wish to connect with them.

      Reply

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