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Zerodha is the game-changing discount broker with the concept of Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, superfast Zerodha Kite trading platform, 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 brought a revolution in the Indian brokerage space by launching Rs. 20 flat pricing model for the first time. Started in 2010, and today, Zerodha is the most popular and leading discount brokerage firm in India with above 18% market share. It has topped the best discount brokers list with Rs. 20 flat brokerage pricing model, brokerage-free delivery trading, and zero brokerage investment in direct mutual funds. Zerodha is one of the cheapest discount brokers that charges a lower of Rs. 20 per order or 0.03% on equity intraday, equity derivatives, commodity, and currency trading segments while there is Rs. 0 brokerage fee on investment in stocks.
Not just the low-cost brokerage trading but also the technologically advanced, superfast, and excellent Kite trading platform with an easy-to-use functionality provides 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. The Kite Zerodha platform comes with a complete charting solution for traders by offering 6+ types of charts, multiple chart views, Trade from the chart, 100+ technical indicators, and 19+ drawing tools.
It is also the first broker that has launched a Free Direct Mutual Fund Platform, “Zerodha Coin” across the web and app. The Coin Platform allows customers to buy and sell thousands of direct schemes for free at zero brokerage or commission charges. It further has a console reporting dashboard and third-party trading tools like Sentinel (price alert tool), Streak Algo trading platform, and Sensibull option strategy platform.
The broker offers excellent, superior, and reliable customer service across the helpline number, customer support email, and support portal, where customers can raise tickets online to resolve their queries. Scroll down the page to get the Zerodha Review 2022 including an overview of the Zerodha Online Account Opening Process, account opening fee, Zerodha brokerage charges, Trading Platforms, and Mobile App features, and Pros and Cons.
Current offere from Zerodha for TopShareBrokers Visitors:
Zerodha is the 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 on intraday trades and offers free investment in the company’s shares at nil 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.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 10|
|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||Free|
|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 10 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 10 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order||Flat Fee Rs 10|
|Commodity||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||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||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Rs 20 per order||Flat Fee Rs 10|
Indian residents, as well as non-resident Indians (NRI), can open an account in Zerodha at Rs. 0 minimum deposit. Here are the details about the types of accounts offered by Zerodha brokerage firm;
A trading account in Zerodha facilitates users to place buy and sell orders in different segments; equity, equity futures & options, and currency. The discount broker charges no AMC on its trading account. Investment in stocks with Zerodha is Free. Customers can add or transfer funds to the Zerodha trading account using UPI, Net banking, or NEFT/RTGS/IMPS facility. Fund Transfer via UPI in Zerodha is Free but it charges Rs. 9 payment gateway charges on funds transferred via net banking.
Zerodha is a CDSL depository participant to allow users to open Zerodha Demat Account. The discount broker offers a free Demat account at Rs. 0 charges while Rs. 300 annual maintenance fee is charged on a quarterly basis. All securities like shares and mutual funds purchased will be transferred to the Zerodha Demat Account.
Zerodha is a registered MCX trading member to provides commodity derivative trading services to customers. The broker charges Rs. 100 commodity trading account activation fee to enable commodity futures & options trading segment. Zerodha charges Max Rs. 20 per executed order brokerage on MCX trading.
Once you have opened Zerodha 2-in-1 account, you will have open access to the Zerodha Coin platform to buy and sell thousands of direct mutual schemes of top AMCs for free at nil brokerage fees. Zerodha mutual fund account is Free and allows customers to start SIP and invest lumpsum money in their choice of the direct mutual fund.
NRI clients can open a PIS (Portfolio Investment Scheme) or non-PIS NRI Trading & Demat Account in Zerodha. Zerodha’s NRI account can only be opened only offline by submitting the duly filled NRI account opening along with a set of documents to the Zerodha’s head office address. A PIS account requires permission from one of its partner banks; IndusInd, HDFC, IDFC First Bank, Axis, and Yes Bank) whereas a non-PIS account does not require such permission. NRI can link a PIS account to NRE or NRO bank account but a Non-PIS account can only be linked with an NRO account.Know more about NRI Trading
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 offers Kite flagship trading platforms to clients across the web and mobile app versions. It also has a dedicated Zerodha Coin mutual fund investment platform.
Kite web by Zerodha is one of the most popular HTML 5-enabled browser-based trading platforms. The lightweight Kite web platform is compatible across all browsers and can be accessed across devices including Laptops, Tablets, Mobile, or Desktop. Zerodha Kite website offers unbeatable ease and convenience to users to trade and invest across equity, derivatives, commodity, and currency segments.
Zerodha Kite app is India’s best mobile trading app with easy-to-use functionality, a smart interface, and user-friendliness. The tech-focused Kite app is even able to work on low internet bandwidth and is the best-performing app in terms of speed. Zerodha Kite mobile App has an excellent charting package solution for traders and investors with ChartIQ and TradingView charts, 6+ chart types, Trade from the cart, more than 100 technical indicators, and 19 drawing tools. The Kite app allows customers to trade at their fingertips using their mobile device on Android and iOS systems.
The coin is Zerodha’s mutual fund investment platform available in Coin web and Coin mobile app versions. The coin is an absolutely free direct mutual fund platform at zero brokerage, commission, or subscription fee and even provides zero cost redemption facility. The platform offers direct mutual fund schemes of 40+ reputed and popular fund houses including Axis, HDFC, SBI, Mirae, Edelweiss, and Aditya Birla. You can pick your preferred scheme among thousands of schemes + open-ended direct schemes and start SIP or invest lumpsum money in one go. Investing in Direct mutual funds on Coin for free saves upto 1% commission every year.
Console is Zerodha’s central reporting dashboard that provides access to all the reports including P&L reports, portfolio insights, trade history, fund transfer history, and tax-ready reports. The Console reporting back office allows customers to apply for IPO online using UPI at zero charges. Customers can access the console reporting dashboard by using Kite login credentials.
Sentinel by Zerodha is a free price alert engine to allows clients to create an unlimited number of alerts and once it gets triggered, users will be notified instantly. Customers can create simple alerts, complex alerts, longstanding alerts, multi-leg F&O strategies, and equity SIP alerts.
Smallcase in Zerodha is a thematic investment platform to build a long-term diversified portfolio in your choice of investment idea or theme. There are 500+ readymade smallcases available or you can even create a customized smallcase portfolio selecting stocks of your choice.
Zerodha Sensibull is an options trading platform that provides various option trading strategies to traders based on their requirements. Sensibull by Zerodha platform has lots of features like option strategy research, strategy wizard, virtual trading, and custom strategy builder to allow clients to create their strategies.
Streak by Zerodha is an Algo Trading Platform that performs three functions; create your algo trading strategy, back-testing, and executing the algo strategy on real trades. The Steak algo trading platform does not require sound programming and coding knowledge.
Get comprehensive stock, market, and industry-oriented research reports on 3000+ Indian stocks. The stockreports+ ratings including industry ratings, proprietary ratings, etc. are updated regularly to provide the latest and most realistic research reports.
For detail review of mobile app and download please visit Zerodha Trading Platform Review.
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.
Open Zerodha Account now and start hassle-free online trading and investing journey with India’s best broker with the best trading platforms and the best brokerage charges. The low-cost brokerage fee, easy-to-use trading platform, and varsity free stock market education platform make Zerodha an excellent broker for beginners. Further, Zerodha is the top-recommended broker to start investing in direct mutual fund schemes at Rs. 0 investment and redemption charges.
Last updated on: 2022-05-17
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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