Zerodha Review – Zerodha is the biggest discount broker in India with over 50 Lacs customers and known for lower brokerage charges.
You only need to pay a fixed brokerage of Rs. 20 per trade irrespective of the trade volume.
Delivery is Free
You can save huge money on brokerage charges if you trade high volumes regularly. No brokerage charges on the stock delivery.
Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side).
Comparison of Zerodha trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling).
10,00,000 * 12 months * 0.55% = Rs. 66,000.
Comparison of Zerodha trading brokerage with Sharekhan that charges 0.10% (0.2% total on buying and selling).
10,00,000 * 12 months* 0.2% = Rs. 24,000.
Trading brokerage with Zerodha that charges Rs. 20 per trade
20 trades per month * 12 months * 20 Rs brokerage = Rs. 4,800 only.
Zerodha is a member of BSE, NSC, MCX and MCX-SX and allows you to trade in
- Stocks
- Mutual Funds
- Futures & Options
- Govt. Securities
- Sovereign Gold Bond
Pros & Cons
Pros
- Free Rs. 0 charges for stock delivery
- Fix Rs. 20 brokerage charges on intraday trades
- Advance trading platforms
Cons
- Sometimes servers get down during trading hours.
Zerodha Background – Know About the Company
Zerodha was founded on 15 August 2010 by Nithin Kamath and Nikhil Kamath. Zerodha was the first company to introduce the discount broking model in India.
You need to pay a fixed brokerage of Rs 20 per trade for intraday and no brokerage on equity delivery.
Earlier banks and full service were charging high brokerage fees on both delivery and intraday trading.
For example, you would end up paying approx Rs 50 to Rs 100 as brokerage on Rs 1 lakh trade and Rs 500 for stock delivery worth Rs 1 lakh.
Discount broking model has helped the retail to save money on the brokerage fee.
Even now, full-service brokers like angel broking and IIFL also start providing discount broking packages.
Zerodha is the biggest stockbroker in India with a customer base of more than 5 million.
More than 15% of daily retail volumes across Indian stock exchanges has been done through the Zerodha platforms.
Detailed Zerodha Charges
Zerodha Account Opening Charges
- Demat & trading account (Equity, F&O and Currency) opening charges – Rs. 200
- Demat & trading account (Equity, F&O, Currency and Commodity) opening charges – Rs. 300
- Annual maintenance charges – Rs. 300
Note – If you require trading account only for stock trading then go with the first option
Zerodha Brokerage Charges
Zerodha offers 0% brokerage on stock delivery and a flat Rs. 20 per trade on intraday.
Detailed Zerodha Brokerage Charges
| Type | Brokerage |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.03% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.03% |
| Equity Options | Rs 20 per executed order |
| Currency Futures & Options | Lower of Rs. 20 per executed order or 0.03% |
| Commodity F&O | Lower of Rs. 20 per executed order or 0.03% |
Call & trade service is available at an additional charge of Rs. 50 per order.
Zerodha brokerage calculator
Zerodha charges a lower of Rs. 20 per executed order or 0.03%. For example if you place 2 trades of volume Rs 50,000 and Rs 1,00,000 respectively.
For Rs 50,000 trade
Lower of Rs 20 or 0.03% of 50,000 = Rs 15
You would be charge Rs 15 as brokerage fee
For Rs 1,00,000 trade
Lower of Rs 20 or 0.03% of 1,00,000 = Rs 30
You would be charged Rs 20
Zerodha Margin/Leverage/ Exposure
| Segment | Margin |
| Zerodha Margin Equity Delivery | No Margin |
| Zerodha Margin Intraday Equity | Up to 15X |
| Zerodha Margin Index F&O | 4.16X |
| Zerodha Margin Stock F&O | 3.33X |
| Zerodha Margin Currency Futures | 2X |
| Zerodha Margin Currency Options | No margin |
| Zerodha Margin Commodity Futures | 2X |
Zerodha Trading Platforms
#1. Kite 3.0
Kite 3.0 is a web-based trading and investment platform which can be used for trading on mobile, tablets, desktop and laptops.
You can search across 90,000+ stocks and F&O contracts across stock exchanges like BSE, NSE and MCX.
- Sleek User Interface
- Real-Time Widgets
- Advanced Charting
- Covers all Stock Exchanges
Kite 3.0 is free to all the Zerodha customers.
#2. Kite Mobile
Kite Mobile App is one of the most advanced trading apps in India available for both Android and iOS. You can trade and monitor live streaming data from BSE, NSE and MCX with the Kite app.
The app’s USP is fast interface on light bandwidth consumption of fewer than 0.5 Kbps for a full MarketWatch.
Kite app offers extensive charting with 100 indicators and 6 chart types. You can place advanced order types like Brackets and Cover orders with ease.
You would get all the features of Kite 3.0 in the Kite app. And seamless login to other Zerodha apps like Zerodha Coin to make mutual fund and bond investment.
#3. Sentinel
Sentinel is a market price alerts tool for stocks, futures and options residing on the cloud. You would get a notification whenever the underlying hits the price (today, tomorrow, or months from now) that you have set.
You can set alert for over 80,000+ stocks, bonds, commodities, F&O contracts and currencies across exchanges on OHLC, bids and offers, in addition to the price.
You will get alerts on Kite web and via email.
Zerodha Additional Products
#1. Coin
Zerodha Coin allows you to buy mutual funds online directly from the asset management companies and completely commission-free.
You would save on both upfront and trail commissions on your investment. To invest directly, you can visit the fund house’s website or office, fill-up the form and invest in the fund.
Zerodha Coin is completely free.
#2. Coin Mobile
Coin mobile is a mobile application having all features of Zerodha Coin for investing in mutual funds.
You can log in with your Kite account and start using the app.
#3. Kite Connect API
Kite Connect is a set of simple HTTP APIs built on top of Zerodha’s exchange-approved web-based trading platform, Kite. You can build a full-fledged trading platform Kite connect API.
You would gain programmatic access to data such as profile and funds information, order history, positions, live quotes, place orders and manage portfolio at your convenience.
For startups, Kite connect API is free but for retail, the charges are Rs. 2000 per month.
#4. Console
A Console is a complete trade and reporting dashboard for Kite connect users that allows you to track and manage your own programmatic API access.
You can pause or resume, or invalidate such access, and monitor all activity at any point.
Zerodha Account Opening Process
Click here to directly visit the Zerodha account opening page
Follow the steps mentioned in the video for quick account opening
Zerodha Customer Care Number
Line 1 – 080-47192020
Line 2 – 080-71175337
FAQs
Is Zerodha trustworthy?
Yes, Zerodha is trustworth stock broker. It is registered with SEBI, CDSL and BSE, NSE, MCX stock exchanges in India.
As with other popular brokers, Zerodha works under the regulations laid by SEBI and RBI.
Is Zerodha good for beginners?
To suit beginners requirements, Zerodha charges a lower of Rs 20 or 0.03% brokerage charges.
Other discount brokers either charge a fixed fee of Rs 20 or a minimum of 0.05% brokerage fee. Therefore, Zerodha is preferred for both the beginners and advanced traders.
Is zerodha good for trading?
Zerodha’s brokerage plan, margin, and advanced trading platforms make it an ideal stock broker for trading needs.
Is there any problem with Zerodha?
Some users face service down during the trading hours with Zerodha.
Can I invest in an IPO via Zerodha?
Yes, you can apply for an IPO through the Zerodha console and UPI-enabled app as a payment option.
How to contact Zerodha customer care?
You can contact Zerodha customer support on
Mobile – 080 4718 1888 and 080 4718 1999
Support guides on – support.zerodha.com
Email – support@zerodha.com
Social media platforms – Twitter & Facebook
Does Zerodha provide Research?
Zerodha does not provide you with any tips,research, or Robo advisory services. Zerodha only provides you with the platform through which you can transact in stocks, mutual funds, bonds, and ETFs.
Is Digilocker compulsory for Zerodha?
You need to share Aadhaar information to open an online account. SEBI approved the method to open Digilocker and then share the Aadhaar with Zerodha.
Sharing Digilocker with Zerodha is completely safe and Zerodha does not store Aadhaar information.
Click this link to apply for Zerodha account
Zerodha vs Sharekhan Comparison
| Particulars | Zerodha | Sharekhan |
| Can trade-in | Stocks, Equity F&O, Currency F&O and Commodity F&O Bonds and Govt-Securities | Stocks, Equity F&O, Currency F&O and Commodity F&O |
| Brokerage Charges | Details for Zerodha Plan | Sharekhan |
| Equity delivery | Rs. 0 | 0.50% (minimum 10 paise per share) |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.03% | 0.10% (minimum 5 paise per share) |
| Futures (Equity, Currency, Commodity) | Lower of Rs. 20 per executed order or 0.03% | 0.10% |
| Equity Options | Rs. 20 per executed order | Rs. 100 per lot (2.5% on premium) |
| Options (Currency, Commodity) | Lower of Rs. 20 per executed order or 0.03% | 2.5% or a minimum of Rs. 30 per lot |
| Margin for Intraday | Up to 12.5X | Up to 50X |
| Account Opening Charges | Zerodha | Sharekhan |
| Demat & Trading Account | Charges for Demat & Trading account is clubbed – Rs.200 | Rs. 0 |
| Demat AMC Fees | Rs. 300 | Up to Rs. 1000 (Free for 1st year) for the highest scheme. |
| Commodity Account | Rs. 100 | Rs. 0 |
Zerodha vs Motilal Oswal Comparison
| Particulars | Zerodha | Motilal Oswal |
| Type | Discount broker | Full-service broker |
| Helps trade-in | Stocks, Equity F&O, Currency F&O and Commodity F&O, Bonds and Govt-Securities | Stocks, Equity F&O, Currency F&O and Commodity F&O |
| Brokerage Charges | Details for Zerodha Plan | Motilal Oswal |
| Equity delivery | Rs. 0 | Up to 0.50% depending on the plan |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.03% | Up to 0.50% on each leg depending on the plan |
| Equity Futures | Lower of Rs. 20 per executed order or 0.03% | Up to 0.050% on each leg depending on the plan |
| Currency Futures | Lower of Rs. 20 per executed order or 0.03% | Up to 0.040% on each leg or up to 20 per lot both depending on the plan |
| Commodity Futures | Lower of Rs. 20 per executed order or 0.03% | Up to 0.040% on each leg depending on the plan |
| Equity Options | Rs. 20 per executed order | Up to Rs. 100 per lot on each leg depending on the plan |
| Currency Options | Lower of Rs. 20 per executed order or 0.03% | Up to Rs. 20 per lot on each leg depending on the plan |
| Commodity Options | Lower of Rs. 20 per executed order or 0.03% | 0.030% on each leg |
| Margin for Intraday | Up to 12.5X | Up to 20X |
| Account Opening Charges | Zerodha | Motilal Oswal |
| Demat & Trading Account | Charges for Demat & Trading account is clubbed – Rs. 200 | Rs. 0 |
| Commodity Account | Rs. 100 | Rs. 0 |
| Demat AMC Fees | Rs. 300 | Up to Rs. 800 depending on the plan |
Zerodha vs Angel Broking Comparison
| Particulars | Angel Broking | Zerodha |
| Can trade-in | Stocks, Equity F&O, Currency F&O and Commodity F&O | Stocks, Equity F&O, Currency F&O,Commodity F&O Bonds and Govt-Securities |
| Brokerage Charges | Angel Broking | Zerodha Brokerage |
| Equity delivery | Rs. 0 | Rs. 0 |
| Equity Intraday, Futures, Options, Currency, Commodity | Rs. 20 per trade | Lower of Rs. 20 per executed order or 0.03% |
| Charges for Call and Trade | Rs. 20 per order | Rs. 50 per order |
| Margin for Intraday | Up to 6 times | Up to 15X |
| Account Opening Charges | Rs 699 | Rs 200 |
| Demat AMC Fees | First Year – FreeFrom Second Year onwards – Rs. 450 | Rs. 300 |
Final Thoughts – Should you open a Zerodha Account
Whereas other discount brokers in India only focused on customer acquisition through lucrative signup bonuses, Zerodha keeps working on providing better service to its customers.
You can sense this from
- Improving their trading platforms continuously
- Resolving customer complaints as quick as possible
- Keep creating customer support guide as any new issue face by the customer
- Partnership with brands like smallcase, sensibull, Streak and Golden PI for providing better investment experience
If you are serious about trading or value investment, you should definitely open an account with Zerodha.
Be cautious before opening account with Zerodha. They are not same as earlier. Charges has been increased big silently from 0.01 to 0.03 and on each trade. If you are small investors then no problems but if big trading volume then you may be in trouble.Not only this their support system services is not like before. They do not take responsibility of their reporting figures to CDSL and to Income Tax. One of my friend having account with them is in big trouble. Their reporting figures to CDSL and income tax differs by 24 Lacs and Zerodha saying that you correct it yourself. Can any one in India can do it. Over 7800 entries data and every figures need checking by you and you have no tools for that. My friend is in big trouble and wrote to CDSL and Income Tax but not getting any resolutions. Government of India only imposing complications to us and have no teeth to screw these Big giants who have earned so high from us that taking salary of 100 crores a year and Now harrassing us.
Understood a lot about the trading,I may soon open a DEMAT & TRADING account ,in a day or two and start trading ,once the whole concept is again revised.
Hi Pradeep,
Hope you are doing good.
Thank you for your detailed review on Zerodha. It really helped us. If you get a chance, can you please review FYERS as well.
Regards,
Srinivas
Looks good. Would like to open Zerodha account. Let some RM call me preferably between 9.00 am to 2 pm; or after 6.00 pm
You can start your account opening process from here. Zerodha support team will contact you after that.