Discount Broker Depository: CDSL
1.111K

India’s first discounted stockbroker with advanced in-house technology and largest active client base of 66,09,384 till August 2022.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

₹ 300

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 50
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

0.03%

Equity Futures Brokerage

0.03%

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

0.03%

Currency Options Brokerage

0.03%

Commodity Futures Brokerage

0.03%

Commodity Options Brokerage

0.03%
Margins

Equity Delivery Margin

0x

Equity Intraday Margin

3x

Equity Futures Margin

2.5x

Equity Options Margin

2.5x

Currency Futures Margin

2.5x

Currency Options Margin

2.5x

Commodity Futures Margin

2.5x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Kite Web Kite Mobile Application Coin
Pros

Advantages and Strengths of this broker.

  1. Zerodha charges a very low trading fee and does not charge anything regarding equity delivery.
  2. You can use the fee calculator on its website to know what to expect while trading through Zerodha.
  3. You do not need to maintain a minimum amount while opening an account with Zerodha.
  4. The deposit and withdrawal process is user-friendly and free of cost.
  5. You are not required to pay any platform deposit fee. You can make use of UPI to easily transfer funds to your account.
  6. It offers an updated news feed on the present scenario of financial markets, banks, funds, and stocks. 
Cons

Disadvantages of this broker that it needs to improve upon.

  1. It allows NRIs, HUF, Companies to open a demat account only through an offline process.
  2. The response from customer support can be delayed and software glitches happen at certain times.
  3. For every investment instrument, they have a different platform like Kite for shares, Coin for mutual funds, Golden Pi for bonds etc.
  4. The offline procedure is cumbersome and time consuming (even for individual accounts) due to a lesser number of physical branches.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Zerodha

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(4)

Usability

(4)

Customer Service

(3.5)

Charges Review

  • Free brokerage on equity delivery and fixed brokerage on other segments.
  • Their call & trade charges are higher than other discount brokers.
  • Only single plan on offer, but incurs more charges in the form of Pay Per Order, Auto Square Off charges (if the position is squared off by Zerodha) etc.

Customer Service Review

  • Email & call support are available but as per customer reviews the support is not provided satisfactorily (even raising a ticket doesn’t help).
  • No Relationship Manager is provided upon opening of the account.

Ease of Use Review

  • Their trading platforms are user friendly. But, they offer numerous separate platforms based on investment instruments, and that makes it complicated.
  • Order execution pace is hampered at times, especially during peak trading hours.

Account Opening Procedure Review

  • The online account opening process (for individual account) is easy & convenient as it is linked with DigiLocker.
  • The offline procedure, however, is cumbersome and time consuming (even for individual accounts).
  • NRIs interested in investing in the Indian market can open their account offline (only) with Zerodha.

Why Choose Zerodha? Know Everything about Zerodha here.

Verdict

Zerodha is a financial company in India that strives hard to make trading easier. They were the ones who initiated the concept of discount broking while also being a member of BSE, NSE, and Multi Commodity Exchange, which initiated its operations in the year 2010. Zerodha is renowned for being the first discount broker to offer zero brokerage charges on equity delivery for Demat accounts and a flat Rs 20 for every individual trade on F&O and intraday.

If you are an Investor, the broker provides you with

  • Free educational content on the Stock Market and investing.

  • Real-time market alerts for free.

  • There is no upfront fee or turnover commitment.

  • Mutual funds investments and equity delivery trades are free of cost.

  • Investment in listed firms on Indian exchanges through the BHIM UPI app.

  • GTT (Good Till Triggered) order that enables an investor to place a buy/sell order that gets executed at the desired price for the desired quantity and that too with a validity of one year.

If you are a Trader, the broker provides you with

  • An ultrafast & user-friendly trading platform with advanced charting tools.

  • Access to 20 market-depth views for building trading strategies.

  • Option to add filters to sort data for multiple trades on Zerodha.

  • A platform named Streak allows you to plan your trades without any need for coding.

  • Their partnership with Sensibulli allows you to trade simple strategies with limited losses.

Trading Tools

Zerodha offers its clients a wide range of tools to make trading feasible and approachable for them. Additionally, Zerodha also offers access to great features by forming partnerships with different firms. 

Kite Web Trading Platform

Kite is one of the most powerful web-based trading platforms available in the market. Built in-house by Zerodha, Kite offers its users an astonishingly fast and reliable trading experience. 

Some of the features of Kite are:

  • Multilingual support in 11 different regional languages,

  • Amalgamation with smart investment apps, such as Streak offered by Zerodha partners,

  • One-click withdrawal and fund transfer facility,

  • Charting services with 100 indicators, tools, and studies,

  • Data widgets to get information on order alerts, live ticks, and quotes,

  • A reliable search option to find across more than 90,000 stocks and F&O contracts,

  • User manual for better understanding of the different features and services offered.

Kite Mobile Trading Application

Kite mobile is an app developed by Zerodha for its line of users who want to trade through their phones. The app can be easily downloaded and used on Android and iOS phones.

Some of the features of Kite Mobile include:

  • Ability to create multiple marketwatch options,

  • Option of a one-tap search for all stocks across different exchanges,

  • Live market information,

  • Quick fund transfer availability,

  • Tracking of historical trading data.

Coin - Mutual Funds Investment 

The coin is a platform designed by Zerodha for making mutual funds investments. Users can use the platform to make online investments in different mutual funds.

Its features include:

  • No commission is charged for investments,

  • Mutual funds get directly transferred into your Zerodha Demat account,

  • Facilities for SIP investments are made readily available,

  • Tracking of NAV funds is possible.

Console - Dashboard for Zerodha

The console is the dashboard or back office of Zerodha that offers features such as:

  • Provision to place withdrawal requests,

  • Detailed analysis is available for your investments,

  • Availability to view your detailed portfolio,

  • Availability to download margin statements,

  • Provision to monitor the credits and debits made in your account.

Sentinel

Sentinel is a cloud-based tool that sets up price alerts related to stocks and contracts. It allows the users to set up different parameters for providing an alert for stocks, commodities, derivatives, and bonds. 

  • The tool allows the creation of simple alerts based on different parameters,

  • Creation of baskets of ETFs, stocks, bonds, etc., allows the merger of two alerts & creates a trigger for all,

  • F&O traders can make use of baskets for creating multi-leg F&O strategies.

Varsity Mobile

A free mobile application providing online and downloadable educational content for traders and investors. You can set your daily goals and gauge your knowledge by appearing for tests.

 

Charges Details
 

For Equity 

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00345% - NSE
0.00345% - BSE

0.00345% - NSE
0.00345% - BSE

0.002% - NSE

0.053% - NSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

0.1% on buy & sell 0.025% on the sell side 0.01% on sell side 0.05% on sell side (on premium)

SEBI Charges

₹ 10 per crore

₹ 10 per crore

₹ 10 per crore

₹ 10 per crore

For Commodity 

CHARGES

FUTURES

OPTIONS

Transaction Charges

Group A - 0.0026%
Group B - 0.00005%

-

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell-side, 0.01% for Non Agri

Sell-side, 0.05%

SEBI Charges

Agri - â‚¹1 per crore; Non-Agri â‚¹ 10 per crore

₹ 10 per crore

For Currency 

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.0035% - NSE
0.001% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 10 per crore

₹ 10 per crore

Zerodha Complaints & Stats

Company name:

Zerodha Broking Limited

Contact:

8047181888, 8047181999

Email:

support.zerodha.com
Zerodha Customer Reviews

Overall Rating

4.5

Based on 337 reviews

View all 337 Reviews

Rating Summary

5
65%
4
24%
3
5%
2
1%
1
3%

Review Analytics

Platform 18 votes

Charges 8 votes

Transparency 8 votes

Features 19 votes

Customer Support 19 votes

vyom gor

(5)

Posted on 26 Aug 2022

Very nice platform, user friendly and easy to use.

ishrat khan

(5)

Posted on 22 Aug 2022

Very nice

raman preet singh

(5)

Posted on 21 Aug 2022

Very Good

vigneshbabu ravikumar

(5)

Posted on 09 Aug 2022

Most trusted and most feature rich broker

mahadev mane

(5)

Posted on 15 Jul 2022

Excellent mobile apps. Love both Kite and Coin and use for my investments.

shubham

(5)

Posted on 26 Jun 2022

One of the best F&O broker

prasenjeet dutta

(5)

Posted on 22 Jun 2022

best for long term user

abhi surve

(5)

Posted on 16 Jun 2022

Best platform for Trading. Chart analysis can be done in a very good way. You will see many categories of orders that you can trade accordingly.

sandeep kundu

(5)

Posted on 14 Jun 2022

Nice

deore sujit chhabilal

(4)

Posted on 24 May 2022

Goood

aniket lodh

(5)

Posted on 23 May 2022

Very good

udayan samajpati

(5)

Posted on 15 May 2022

nice

harishankar soni

(1)

Posted on 07 May 2022

Very nice

wajid

(5)

Posted on 05 May 2022

Wonderful??? experience

arindam sahoo

(5)

Posted on 29 Apr 2022

BEST

mehar kulkarni

(5)

Posted on 26 Apr 2022

nice

harsh kumar barnwal

(4)

Posted on 24 Apr 2022

very smooth experience with all the things on kite web and app.

shashanka shekhar dash

(1)

Posted on 24 Apr 2022

Great user friendly broker

sudeep vig

(5)

Posted on 20 Apr 2022

very good service.

touhid mondal

(5)

Posted on 19 Apr 2022

Nice

navneet chaudhary

(4)

Posted on 15 Apr 2022

It is good but dislike it's UI have multiple platform for multiple products. Which should be combined to one place.

anurag dubey

(5)

Posted on 15 Apr 2022

Good

rohit rd

(5)

Posted on 15 Apr 2022

Good

amanjeet kumar verma

(5)

Posted on 12 Apr 2022

Best

mustafa sayed

(5)

Posted on 10 Apr 2022

Good