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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.

Pros

Advantages and Strengths of this broker.

  1. Zerodha is a self-clearing broker which means that they don't recover clearing charges from customers.
  2. They provide only Direct Plans on Mutual Fund investments.
  3. Bonds & G-securities can also be invested through Golden Pi.
  4. Provides free stock market lessons and financial education for everyone.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Zerodha’s call & trade charges are more as compared to other brokers.
  2. NRI Account opening can be done only through an offline process.
  3. For every investment instrument, they have a different platform like Kite for shares, Coin for mutual funds, Golden Pi for bonds etc.
  4. Response from customer support can be delayed.
  5. Due to a huge customer base, software glitches happen at certain times.
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
  • Exchange Traded Funds
  • Insurance
Sharma Stocks 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

4.9/5.0

Usability

4.9/5.0

Customer Service

4.9/5.0

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 offers zero brokerage on equity delivery. Being a pioneer discount broker, it enjoys the highest active client base. It also provides a user-friendly interface, integrated back office (Console), and  an education platform (Varsity) for beginners. Also, no installable software provided for trading. These features make it more investor-friendly.

If you are an Investor, the broker provides you with

  • Free educational content on the Stock Market and investing.

  • Free equity deliveries.

  • Real-time market alerts for free.

  • 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.

  • Extensive historical data & chart indicators for better decision making.

Trading Tools

Kite Web Trading Platform

Kite Web is a trading platform which can be used on desktop, tablets as well as on a mobile web browser. It shows market watch and extensive technical charting along with indicators. It also offers advanced order types like Brackets and Cover Order for trading at BSE, NSE and MCX.

Kite Mobile Trading Application

Kite application is available on both Android and iOS platforms. Customers can trade through their mobile phones and also track stocks and commodity markets of Indian stock exchange. It has live streaming data from BSE, NSE, and MCX.

Coin

Zerodha has a platform known as Coin in which you buy mutual funds online, completely commission-free and directly from Asset Management Companies (AMCs). You get Mutual Funds directly in your Demat Account and this makes it very user-friendly.

Console 

It is the dashboard of your Demat account that provides complete information about your holdings, and tax-ready reports necessary for filing income tax returns. Console facilitates applying for IPOs using a Zerodha account.

Varsity Mobile

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

Sentinel

Do you wish to sell a share as soon as it reaches Rs 100? Sentinel will monitor the stock for you and will send an alert even if you are away, and that too for free. You can set simple or complicated parameters to provide an alert for not only stocks but for commodities, bonds and derivatives as well.

For Equity 

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE
0.003% - BSE

0.00325% - NSE
0.003% - BSE

0.0019% - NSE

0.05% - NSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

₹ 100 per Lacs

Sell-side, ₹ 25 per Lacs

Sell-side, ₹ 10 per Lacs

Sell-side, ₹ 50 per Lacs

SEBI Charges

₹ 5 per crore

₹ 5 per crore

₹ 5 per crore

₹ 5 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 - ₹ 1 per crore; Non-Agri ₹ 5  per crore

₹ 5 per crore

For Currency 

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.00325% - NSE
0.001% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 5 per crore

₹ 5 per crore

Zerodha Complaints & Stats

Company name:

Zerodha Broking Limited

Contact:

8047181888, 8047181999

Email:

support.zerodha.com