Zerodha Review

Zerodha Demat & Trading Account Review 2020

Zerodha is one of the biggest brokers in India, as well as the biggest discount broker in India. Zerodha has over 10 Lacs active customers and generally known for its lower brokerage charges. The best point is, you have to pay no brokerage in all the equity delivery trades and just Rs 20 for intraday and f&o trades irrespective of volume.

Zerodha offers to invest and trade in Equity, Currency, Commodity, IPO, and Mutual Funds. Zerodha is one few brokers who are debt-free and do not offer margin trading, which means no pool account and no proprietary trading, makes it one of the safest stock broker in India.

Zerodha is also a SEBI (Securities and Exchange Board of India) registered broker. Founded in 2010, Zerodha is the leading stockbroker in India by volume, active customers, and growth. As of April 2020, Zerodha has more than 12 lakh, active clients. Zerodha, that contributes over 15% of daily retail trading volumes across NSE, BSE, and MCX.

Zerodha Brokerage and Other Charges

Zerodha’s brokerage charges are simple and transparent, which is very easy to understand. Zerodha is quite suitable for all types of investors including active trader and investors, and also the algo traders.

Zerodha charges Rs 0 brokerage for all the equity delivery trades and for intraday trades and F&O trades, the broker charges flat Rs 20 or 0.03% (whichever is lower) on every executed order. By moving to Zerodha you can save 80 to 100 percent on brokerage comparing to a regular broker.

Zerodha Brokerage Charges

Asset classBrokerage fee per trade
Equity deliveryFree (No charges)
Equity intraday / Equity futures / Currency futures / Currency options / Commodity futures / Commodity options0.03% of the trade value or INR 20, whichever is the lower
Equity optionsflat Rs 20

Other Charges (Non-Brokerage)

Transaction Charges0.00325% of Total Turnover
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

Zerodha Account Opening Charges

Online Trading & Demat Account Opening Charges₹200
Trading Account AMC₹0
Demat Account AMC₹300 per year

How To Open A Zerodha DEMAT and Trading Account?

By following these 7 steps you can open your Zerodha DEMAT and Trading Account.

  • Register for an account by filling your email address and phone number
  • Enter your PAN number (Permanent Account Number)
  • Pay the account opening fee
  • Link your identification details with the Online Government website (Digi Locker Facility) and the website automatically pulls the required online documents.
  • Upload your bank statements.
  • Sign your documents digitally (E-sign) and then give a Webcam IPV (In-Person verification)
  • Then, mail required documents (POA) to Zerodha

how-to-open-a-zerodha-demat-sand-trading-account

Required Document to Open Zerodha Account

  • A Photograph
  • Aadhar Card
  • Pan card
  • Bank Statements for derivative activation (Last 6 months)
  • e-Sign (Aadhar linked mobile number)

Zerodha Trading Platforms

Zerodha provides a web-based trading platform, a mobile application called Zerodha Kite, a mutual fund investment platform called coin, and a price alert tool called Zerodha Sentinel.

Web Trading Platform

Zerodha provides a fast and cleanly designed web-based platform kite. The web trading platform is simple and you can trade anything, but mutual funds. The user interface is very simple and easy to use. Searching a stock or a security is very easy, just put their name in the universal search box.

zerodha-kite-web

To log in to this web-based platform you need your six-character client code, your password, and a six-digit pin. You can place these types of orders in Zerodha.

  • Market
  • Limit
  • Stop-loss
  • Bracket
  • Cover
  • GTT
  • After Market Order (AMO)

zerodha-order-type

Other limit order includes

  • Day
  • Immediate or Cancel (IOC)

Mobile Trading App – Kite Android/IOS

Kite mobile platform is available in google play store and Apple app store. Kite is one of the best looking and simple mobile trading applications and is quite lightweight. You can trade in NSE, BSE, and MCX using the Zerodha Kite application.

kite-mobile-application

The basic functionality of the kite mobile application is nearly similar to the web-based platform and quite easy to use. The order placing and stock searching method is also the same.

Zerodha Coin

Zerodha coin is a mutual fund trading application by Zerodha, where you can buy or redeem direct mutual funds. The coin is free to download and available for both android and iOS.

Zerodha Coin

Zerodha Coin is very easy to use and is quite an impressive application that helps to track your mutual fund portfolio. The main benefit of a mutual fund is that, you will save on both upfront and trail charges on your mutual fund investment.

Console

The console is the reporting tool/dashboard of Zerodha, where you can get all the reports like profit loss statement, margin statement, fund pay-out, and others.

Zerodha Margins

SegmentMargin
Zerodha Margin Equity DeliveryNo Margin
Zerodha Margin Intraday EquityUp to 20 times
Zerodha Margin Equity Futures40% of the normal margin (NRML)
Zerodha Margin Equity OptionsNo margin
Zerodha Margin Currency Futures40% of the normal margin (NRML)
Zerodha Margin Currency OptionsNo margin
Zerodha Margin Commodity40% of the normal margin (NRML)

Investor Education Platform

Varsity

Zerodha Varsity is an educational platform that provides in-depth coverage of major investment topics. The topics are explained well and easy to learn. Overall, it is a very good initiative.

Partner Products

Zerodha also offers some third-party products that are developed by other companies using the Zerodha platform. Those are

  • Small case: Thematic investment platform
  • Streak: Algo-Trading platform
  • Sensibull: Options analysis platform
  • StockReports+: Research platform

Customer service

The customer service of Zerodha is decent and you can raise a complaint through e-mail and phone. Although, the broker lacks 24-hour chat support.

Safety

Is Zerodha safe?

Yes, Zerodha is one of the safest brokers in India and is regulated by SEBI (Securities and Exchange Board of India).

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