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Zerodha Review | Brokerage Charges, Account Opening
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha is the well-known largest retail stock broker in India in terms of the highest active clients with more than 4 million. It was founded by Nithin Kamath and Nikhil Kamath on 15th August 2010 in Bangalore. Zerodha replaces biggies as biggest stockbroker of India. Zerodha is a combination of two words “Zero” and “Rodha” (Sanskrit word for barrier). It is a most popular broker offering you online flat free discount brokerage services to invest in equity, currency, commodity, IPO and direct mutual funds. Zerodha charges Rs.0 brokerage for equity delivery trades and direct mutual funds. The Zerodha pricing structure and in-house technology successfully stands out and this makes Zerodha a coherent and unique stock broker in India. Zerodha 3-in-1 account facilitates its customers with easy and quick fund transfer facility. Zerodha is the safest stock broker because its ratio of complaints to active clients is among the least on the exchange. It is a zero-debt company. It does not focus on offering margin funding. Zerodha never keeps the client securities in the pooled account. It does not do proprietary trading with client funds.
ZERODHA Review- India’s Largest Stock Broker
Zerodha’s only motive is to break the barriers that traders and investors usually face in terms of Brokerage, customer support, technology and Trading platforms. For services like Intraday and F&O, it charges Rs. 20 or 0.03% (whichever is low) per trade. The maximum brokerage the customer is going to pay for any transaction is just Rs. 20 for any type of order of any size, amount or segment. One more reason for Zerodha standing out is its availability on both web and mobile platform. Zerodha Brokerage rates are minimal so that the small level traders can also trade through this stock broker. Along with its excellent customer support, it also offers Zerodha referral benefits to its customers. This means that the existing customers get some benefits on referring them to Zerodha. It encourages the customers to be a part of this stock broker. This characteristic makes it easy to use and accessible to trade through Zerodha anywhere at any time. Before one chooses a stock broker one must know its strengths. So now let us have a look at the key Strengths of ZERODHA.
Key Strengths of Zerodha
• Largest stock broker with the maximum active clients, market volume and new customer acquisition.
• Rated as the safest, most reliable and trustworthy broker.
• Availability of the most advanced online trading tools.
• Charges zero brokerage for Equity delivery and mutual funds.
• The maximum brokerage charge is Rs. 20 and thus you can save 60% to 90% on brokerage in comparison to traditional brokers.
• Zero commission on direct mutual funds.
• Its services suit all the investors whether it be active, passive, beginner, active traders or Algo traders.
Zerodha Features and Trading Platforms
ZERODHA is the most technologically advanced stock broker in India. Zerodha contains many features and successfully built its own trading software and applications.
• Zerodha Kite (web and mobile trading app)
• Zerodha Coin (Mutual Fund investment platform)
• Zerodha Varsity (Investor Education Program)
• Zerodha Console (Dashboard with in-depth reports and visualization)
• Zerodha Smallcase (Thematic Investment Platform)
• Zerodha Streak (Algo and Strategy Platform)
• Zerodha Sensibull (Options Trading Platform)
• Zerodha Golden Pi (Bonds Trading Platform).
Zerodha Pros and Cons
• Zerodha charges the least brokerage fees with no hidden charges.
• Offers the latest and most advanced trading platforms to make trading easy and fluent.
• Zerodha’s Research Program is excellent.
• No advance brokerage requirement on the turnover commitment.
• Created a huge brand value as the technology innovator.
• Zerodha covers only the Indian Share Market.
• Zerodha 3-in-1 account is easy to use but it requires to have a bank account with IDFC First bank.
Frequently Asked Question
No. A customer can open only one trading account or demat account with Zerodha. You cannot open two trading accounts with same PAN number with Zerodha. Note: You can open other trading or demat account with the same name and PAN number with other brokers. But this can't be done with one broker because of SEBI regulations.
Zerodha is safe as any other stock broker in India. It is a genuine and the trusted stock broker and comes among the lowest risk broker in India. It is a debt free company and they only offer broking services. In the last 9 years, there is no single major violation has been reposted. Thus, it is the safest stock broker of India.
Yes, Zerodha offers trading in foreign exchange (currency). The customers can trade in currency derivatives at BSE and NSE exchanges simply by using the Zerodha trading account. The customer is required to enable the Currency trading segment before he/she start to trade in the Forex.
Yes. Zerodha offers trading in forex (currency). You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer needs to enable the currency trading segment before starting the trading in currency.
Yes, Zerodha provides the advance technical charts on its free Kite trading platform. The Technical charts that are offered in Kite are the best in the industry.
Yes, Zerodha favorable for long term investors. Zerodha offers the Equity delivery brokerage at free. It automatically brings down the trading costs thereby helping a lot of money in the long term. It also offers commission-free direct mutual funds that results in additional earning of 1% yearly.
In Zerodha the customer has to open a demat account along with the trading account. It does not allow linking of its trading account with a demat account from some other depository participant (DP). Note: • You can have multiple demat accounts if you want on your name with different brokers. • You can continue holding your Sharekhan demat account if you wish to do so. • You could transfer all your holdings in the Sharekhan demat account to Zerodha demat account at the time of closing the Sharekhan demat account. It is a simple process.
Zerodha do not offer home pickup service of account opening forms. The customer is required to courier the forms at Zerodha Bangalore office. The forms can also be filled online.
Zerodha is an online discount brokerage model where only online trading services are offered to the customers or traders. It uses the latest and advance technology to serve its customers and has less branches and offices. The technology helps its customers to scale and reduce the operational cost which in-term helps them to maintain huge profits despite offering low-cost trading.
LTT in Zerodha stands for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps the traders to know the demand for a particular share on that particular day.
NFO stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. The customer cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.
All the orders will get squared off before the end of the day. IOC stands for 'Immediate or cancel'. It means that the order is executed as soon as it is released and in case the order fails to execute, then it is immediately canceled.
You can place an MIS buy order in one exchange and the MIS short order in the other exchange. However, by the end of the trading day, both of these trades are required to be squared off individually on each exchange.
The SMS facility in Zerodha is optional and is charged at Rs. 1 per SMS.
Yes, some of the services provided by Zerodha are free. It offers Mutual fund investment and brokerage free equity delivery trading. The brokerage fee for Intra-day and F&O trading is ₹20 per executed order or 0.03% (whichever is lower).
Yes. Zerodha’s free Kite trading platform provides advance technical charts. The advance charts are provided by Zerodha are among the best in the Industry.
An individual need to have 3 accounts i.e. Trading, demat and a bank account. Zerodha offers trading and demat account services to its customers. Trading account is required to place buy & sell orders and the demat account is required to hold all the bought securities in electronic form. The trading and demat account of the customer are linked to their bank account.
Discount brokers are the brokers that offers only online broking services to its customers and at a very low-cost. Zerodha discount broker uses the latest computer technology to offer online trading services to millions of customers. The brokerage charge for discount brokers are usually less than the traditional full-service brokers. Zerodha is an online discount broker.
The Zerodha offers truly brokerage free equity delivery trading and mutual fund investment. It charges flat Rs. 20 or 0.03% (whichever is low) per executed order.
Zerodha charges an amount of ₹20 per executed order or .03% whichever is lower for equity, currency and commodity futures trading.
The Zerodha is a depository participant of CDSL depository. This means it works as a service agent for demat account which is held by CDSL, one of the two central depositories.
Yes, the BTST i.e. buy today- sell tomorrow facility is available in Zerodha. It allows the traders to sell shares before they deposit into your demat account on T+2 days.
Zerodha offers the service to place AMO orders. These AMO orders are placed after the market hours for the next trading day in advance. AMO (After Market Orders) allows the customers to place online buy/sell order before the stock exchanges are open for trading. The order timing for AMO order changes by the trading segment.
No, Zerodha doesn't offer any trading account on minor's name.
No, Zerodha does not provide the margin funding facility.
The Z Pin is the 4-digit telephone code. This is the customer’s personal identification number. This number is required to place orders through the call, trade desk and to raise support requests. Whenever the customer will call Zerodha customer support or call & trade desk, he/she have to authenticate themselves using the Z Pin code.
Zerodha does not provide interest on the money that is held in the trading account. It does not accept any personal Fd’s as margin for trading.
Zerodha is completely an execution platform only. It does not provide any form of advisory or tips. We believe that traders and investors should make educated and informed trades based on the research and analysis.
No, it is not compulsory to maintain a minimum balance in the Zerodha Trading account.
CNC stands for Cash and Carry. It is simply a product code and if you use them to buy and sell shares on the same day, they will still be considered as Intraday trade. NRML (Normal) is used for overnight trading for futures and options.
The Margin for Zerodha is reduced across all the segments including Intraday at BSE, NSE and MCX on 2 January, 2019. It is in line with the new margin policy introduced by SEBI. As per the policy, the brokers cannot offer ab additional margin to customers. The margins are now prescribed by the exchanges and are the same across the brokers.
If the customer wants to change the bank account that is linked with their Zerodha account. The customer needs to submit the 'Account Modification Form' with a bank proof document. The steps to change the Zerodha bank account are: 1. Visit the Zerodha website 2. Move to the 'Download & Resources' section. 3. Download the 'Account Modification Form' 4. Fill the form, sign it and get a print out. 5. Attach the bank proof documents like bank statements, cancelled cheque etc., along with the form and send it to the Zerodha Bengaluru office.
Once you apply in Zerodha for opening an account, it takes 24-48 hours to get activated. Any kind of discrepancies in the submitted forms or documents can delay the account opening process.
No, at present the investing in stocks is listed in foreign stock exchanges is not possible through Zerodha. If you are still wishing to invest in Apple, Google, Facebook, etc. then mutual funds are the easiest way.