The margin trading offered by Zerodha allows the customers to trade in amounts more than they can afford. It helps them to trade many times over the funds available in their account.
Currently, Zerodha offers margin exposure only on intraday trades, and there is no margin trading facility on delivery trades.
Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.
The following documents are required to open a Zerodha demat account online:
Aadhaar Card(you can open your account offline route if you don't want to use your Aadhaar details)
To complete the e-Sign process, you will have to authenticate it with an OTP. So, make sure you have the mobile number linked to your Aadhaar (mandatorily). If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.
Cancelled cheque/Bank statement to link your bank account - If your cheque is not personalized then the bank statement you upload should have both the IFSC and MICR code printed on it. If not then your application will be rejected.
A photo or scanned copy of your signature proof will be required to be uploaded.
Income proof - It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency. You can submit any one of the below documents:
Income Tax Return Acknowledgment
6-month Bank statement
Latest salary slip
Demat holding statement, or
Networth certificate from a CA.
There are a number of charges which are charged by stockbrokers like Zerodha. These include account opening charges, account maintenance charges, brokerage charges, transaction charges, clearing charges, etc. Apart from these, there are other associated charges like taxes (GST, STT), SEBI charges etc, which are often overlooked by investors. It is important to remember that some of these charges depend upon the transaction value, while some depend upon the product and plan that you have chosen.
Learn about the different charges charged by Zerodha here.
Zerodha provides a range of mobile apps for its customers based on different services. These include:
Zerodha Kite: Online trading platform for stock and commodity trading
Zerodha Coin: For mutual funds investments
Zerodha Varsity: Stock marketing lessons
Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options on the cloud
Pulse by Zerodha: For latest market news and updates.
Zerodha is only a trading execution platform and unlike full-service brokers, it does not provide any trading tips, recommendations, advisory or research. Zerodha also does not offer services like portfolio management services (PMS), wealth management and relationship managers.
Zerodha is a leading discount broker that offers a fixed, flat-fee brokerage plan to its customers. It charges zero brokerage on equity delivery trades. The maximum brokerage charged is Rs. 20 per order across all trading segments, whereas the lowest brokerage charged is 0.03% of the trade value. Apart from paying the brokerage fee, a trader also needs to pay various other charges.
Click the link to read in detail about the different charges and Zerodha Review.
Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.
Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.
A Demat account is like a bank account, but instead of cash, it holds financial securities in an electronic form. In India, Demat accounts are maintained by two depository organisations, National Securities Depository Limited and Central Depository Services Limited. To trade (in stock, commodity or currency) or to invest (in stocks, mutual funds) with Zerodha, a customer has to open a trading account and a demat account.
The Demat account is one of the services provided by Zerodha. The Zerodha demat account also comes as part of a 2-in-1 account, which offers an integrated demat as well as trading account to the customer. Having one single, integrated account, facilitates a seamless, hasslefree transaction between the two accounts.