Zerodha Securities Review: Zerodha Securities is one of the leading discount brokers in India for trading in Stock, Currency Derivative and Commodity with a large trading volume and a number of customers.
It also charges brokerage of 0.01 percent or Rs 20 per executive order. This is much lower than others, regardless of their prices and shares.
In just a short span of over three years, Zerodha has been contributing to more than 2 percent of the NSE total runover, among over ten thousand of brokers that offer services to traders and retail investors.
Just like any other online stock trading companies, Zerodha Securities provide trading services to buy and sell stocks, futures and options. The share trading platforms of Zerodha, which include trading terminal, mobile and website trading are available to customers for free.
| Website. | www.zerodha.com |
| Demat Account. | NSDL – Partnership with ILFS. |
| Trading Exchanges. | NSE, BSE, MCX-SX & MCX. |
| Broker Type. | Discount Broker. |
Key People
- Founder & CEO: Nithin Kamath
- Co-founder & CFO: Nikhil Kamath
- CTO: Dr. Kailash Nadh
- COO: Venu Madhav
- CCO: Hanan Delvi
- CQO: Seema Patil
- Chief of Education: Karthik Rangappa
- Director Strategy: Austin Prakesh
Advantage
- Amazing Trading Tools
- Exceptional support.
- lowest brokerage.
- Pay only Rs 20/Order + Rs. 0 for Equity Delivery + Free Software,
- 40 lakh+ Happy Customers. India’s Leading Discount Broker.
Zerodha Securities Account Opening Charges.
| Trading Account. | Rs. 200. |
| Demat account. | Rs. 100 for opening (One Time). |
| Commodity Account. | Rs. 200. |
| Trading Annual maintenance charges (AMC). | Rs.0. |
| Demat Account Annual Maintenance Charges (AMC) | Rs 300 per year (payable upfront) |
Highlights
- No upfront fees.
- No minimum volume.
- No special terms & conditions.
- No clauses.
- No strings attached
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Zero Brokerage on Equity Delivery Trades
Flat ₹20 or 0.03% (whichever is lower) for Intraday and F&O
Trade with the best platforms and tools
Zerodha Securities Review for Trading Brokerage.
Flat Rs.20 per executed order: Same for intraday/delivery equity, F&O, currency, & commodity on NSE, BSE, MCX-SX, MCX.
Benefits
- Get the benefit of Rs.20 per executed order or .01% (intraday equity & futures) or .1% (delivery equity), whichever is lower.
- No upfront brokerage or turnover commitments.
Additional Brokerage Charges
- Call & trade: Additional charges of Rs.50 + GST per executed order.
- RMS Auto-Squareoff: Additional charges of Rs.50 + GST per executed order.
- Physical copies of contract notes: Rs.20 / contract + Courier charges extra. Digital contract notes would be sent via e-mail.
- NRI’s: Rs.200 or 0.1% (whichever lower) per executed order.
Brokerage Structure
When it comes to brokerage structure, it is very easy to understand. Many customers who switch to this discount broker has reported 80 to 90 percent saving in brokerage they pay to full-service brokers. It is among the most innovative and technologically advanced and affordable Indian stock broker for all investors.
Zerodha Securities Trading Margins or Leverage.
| SEGMENT. | MARGINS. |
| Equity (Intraday). | Upto 20 times intraday. |
| Equity (Delivery). | 0 for Delivery. |
| Equity Futures. | Upto 7 times intraday leverage. |
| Equity Options. | Buying no leverage, Shorting upto 7 times leverage intraday. |
| Currency Futures. | 2 times intraday leverage. |
| Currency Options. | Buying no leverage, Shorting upto 2 times intraday leverage. |
| Commodity. | 2.5 times intraday leverage. |
Zerodha Securities Review for Zerodha Securities Stock Trading Platforms.
| Trading Platform or Software. | Zerodha Trader for Desktop. |
| Web-based. | U can directly log in to Zerodha website & make trading. |
| Mobile Application. | YES. |
The Trading Platforms
There are various ways a client can trade with Zerodha. These include:
- Zerodha Trader – powered by ‘Omnesys NEST Trader’, Zerodha Trader is an innovative trading platform you can download and install on your computer. It is a completely functional trading terminal that enables quick implementation of orders with monitoring in real tie. This is an easy-to-use trading terminal that is available to customers for free.
- Zerodha Mobile – this is a Smartphone application for Blackberry and Android. It allows clients to trade from their mobile phones.
- Zerodha KITE – an online-based trading platform which can be used for trading on tablets, mobile phones and even on web browsers. The use of KITE allows customers to choose the language they want with its ten languages availability. It features an innovative technical analysis charting with more than 100 charting indicators as well as unlimited date for all stocks.
- Call and Trade – clients who aren’t online can use this service for an additional cost of Rs 20 each trade
Zerodha Pi – this is Zerodha’s newest unique software that features advanced strategies, charting, Algos and backtesting. It is available for free and has ten types of chart with more than eighty indicators. The use of this software allows traders to view up to fifty thousand candles based on their system configuration and speed. It also enables them to create their own techniques, back test them and directly trade from chart.
Zerodha Technology
- Zerodha Console: One portal for portfolio & holding analysis, Complete history of your trades, Reports like P&L statements, Tax Ready P&L statement, One Click investment for IPOs, Depth Information of every corporate actions etc.
- Zerodha Coin: Best tool for mutual fund investment, Zero Commission for MF investment, In-depth information of every mutual fund scheme. Both the android * iOS mobile app version is available.
- Zerodha Kite Connect API: Zerodha provides stock market API for new start-ups interested in making of investment app or web portal.
Zerodha Securities Review for Useful Services.
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | 365 Days on Zerodha Pi |
| End of Day Chart Facility. | 10 Years on Zerodha Pi |
| 3 in 1 Account. | NO. |
| Instant Fund withdrawal. | NO. |
| Relationship Managers. | NO |
Zerodha Securities Useful Details.
| Price (Broker Type). | Rs 20 Per Order. |
| Headquarters City (Head Office). | Bangalore(Karnataka). |
| Total Branches (Presence). | 9 Branches. |
| Research & Tips. | No Research & Tips. |
| Total Experience in Broking. | 10 Years of experience. |
| Year of Incorporation. | 2010. |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | More Than 100,000. |
| NRI Account Opening Allowed Or Not. | YES, It is Allowed. |
Zerodha Securities Review for Zerodha Securities Fund Transfers Services.
| Number of bank linked to account. | 14+ |
| Mode of payment (Withdraw &Deposit). | Instant payment gateway,NEFT/RTGS & cheques. |
| Fund Payin processing time. | Instant by Payment Gateway NEFT/RTGS : 2 to 10 hours (depends on the bank), Cheques: 3 to 5 working days. |
| Fund Payout processed (Working Days). | 7 PM (Mon-Fri) & Commodity : 9 AM (Mon-Fri). |
Zerodha Securities Turnover & Other Charges.
| Equity (Cash & Delivery) Turnover charges. | NSE: 0.00325% , BSE: 0.00325% , MCX-SX: 0.002%. |
| Equity Futures Turnover charges. | NSE: 0.0021% , BSE: 0.0007% , MCX-SX: 0.0014%. |
| Equity Options Turnover charges. | NSE: 0.053% , BSE: 0.0025% , MCX-SX: 0.027% (on premium). |
| Currency Futures Turnover charges. | NSE: 0.00135% , MCX-SX: 0.0013%. |
| Currency Options Turnover charges. | NSE: 0.044% , MCX-SX: 0.037%. |
| Commodities Turnover charges. | Non-Agri: 0.0031% , Agri: 0.00175%. |
| Dial & Trade charges. | Rs. 20 per executed order. |
| DP Transaction charge. | Rs 13 per debit instruction. |
Trading In Mutual Fund.
Just recently Zerodha Securities had added new features of trading in mutual fund. This is one of the greatest elements missing with discount brokers. There is no need for you to buy or sell mutual funds if you’re an existing Zerodha client. The Mutual Fund investments made through it are free, which means that there are no hidden fees or brokerage execution costs.
Zerodha Securities Review for Support & Tools Available.
| Brokerage calculator. | YES. |
| Margin Calculator. | YES. |
| Bracket orders & Trailing stoploss. | YES. |
| Cover order. | YES. |
| User guide & remote end support. | YES. |
Reports & Confirmation.
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes (Register Email ID). |
Additional Features.
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Yes (Algo included). |
| Referral program (Affiliate). | YES. |
| Training & Education. | Education Via Trading Community. |
| Online trading community. | ZT Connect. |
Interested in opening Zerodha Trading Account Only.
- Opens in just one day.
- You can trade F&O (intraday & overnight/positional).
- You can trade Currency (intraday & overnight/positional).
Zerodha Securities Review for Customer Care Services.
Office Address
| Correspondence Office | Registered Office |
|---|---|
| 39, 24th Main, Ramaiah Gardens, JP Nagar 7th Phase, Bangalore – 560078, Karnataka India. +91 80 4040 2020 | 175/176, 2nd Floor, Bannerghatta Road, Bilekahalli, Bangalore – 560076 Karnataka India. +91 80 4913 2020. |
Contact Number
| Customer Care | Call & Trade | Support |
|---|---|---|
| New Account opening & related queries. (9:00 am – 8:00 pm) Opening a new account: +91 80 4913 2020 / 080 7117 5337 | (9:00 am – 11:55 pm). Call in for support or placing a trade. +91 80 4040 2020. | Monday to Friday 8:30 am – 5:00 pm 08047181888/1999 08071909543/9545 |
Email Id
| [email protected] | |
| Complaints Or Grievances | [email protected] |
| Media & Press Enquiries | [email protected] |
Zerodha Securities Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for Zerodha Securities.
| Summary | Ratings |
|---|---|
| Customer Experience | 4.8 / 5 |
| Trading Platform / Mobile APP | 4.9 / 5 |
| Services | 4.7 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 5 / 5 |
| Overall Rating | 4.7 / 5 |
| Star Rating | ★★★★★ |
| Review Counts | 750 |
Sebi Registration.
| Zerodha: NSE CM: INB231390627 , NSE F&O: INF231390627 , NSE CDS: INE231390627. |
| BSE CM: INB011390623, BSE F&O: INF011390623. |
| MCX-SX (CM): INB261390620 , MCX Membership Number: 46025. |
| FMC Code: MCX/TM/CORP/1945. |
| CDSL: IN-DP-CDSL- 00278209 , NSDL: IN-DP-NSDL-11496000. |
| Commodity Trading through Zerodha Commodities Pvt. Ltd. NCDEX Membership Number : 1138 , FMC Code: NCDEX/TM/CORP/1113. |
More Useful Article
Dear Friends and Fellow Investors,
I am Prakash, holding demat account with Angel Broking for 3+ years. Dealer given to me is smart in stock market and have always helped in trading in good stocks. Recently, I have started trading from their mobile trading app which is very easy to use. Would suggest all to open a demat account with Angel Broking as they have started robot based research and advisory service called ARQ.
I would give 10 out of 10 to Angel Broking for being transparent in brokerage in all other charges.
I am using it more than 3 years and i am totally satisfied with the service of zerodha discount broker.
Zerodha is a best discount brokerage. user friendly all the way
What is Zerodha Bracket Order?
Dear Surendranath
yes, Zerodha provides bracket order with so many features. For More study about bracket order pls visit . it is very use full for intraday traders.
Team,
I am interested in open an account in a stock broker. I am interested in Zerodha but I am confused. Pls, help me in this matter.
Go for zerodha.
I am using zerodha since last 2.5 years never passed any problems.
Ratings:
Brokerage – Excellent
Account Maintenance Fees – Good
Website Usability – Average
Customer Service – Average
Overall Experience – Average
zerodha discount broker have very good reputation and talking about brokerages as per my opening discount broker is more practical compared to a full-service broker. Zerodha is the first Discount Broker in India. If you are interested in only in low brokerage with best customer support and high age trading platform than zerodha is best for you.
I have been using Zeralda for the last 3 years and I have not come to a single problem yet.
What is Algo Trading and does Zerodha trading platform support Algo trading or Auto Trading?
Some times ago around 6-month zerodha plan to start algo trading (auto trading) but now they completely drop this plan. According to us manual trading is very easy and non risky as compared to algo trading. Auto Trading is operated by codes and if there is any error in it, then there may be any wrong trade access.
Is there a minimum balance in a trading account that I need maintain with Zerodha?
No need to maintain a minimum balance in the trading account of zerodha. so dont worry about it.
What are the monthly Brokerage charges per stock by Zerodha?
Currently there is no monthly brokerage plan in zerodha and Zerodha charges Rs.0 brokerage for equity delivery (If you )sell 100 from delivery
below charges will deduct from your account.
Brokerage 0
STT total 30
Total txn charge 0.97
GST 0.17
SEBI charges 0.04
Total tax and charges 31.18
Points to break even 0.31
Zerodha only charges Rs. 20 or 0.1% (whichever lower) per executed order for intraday trading.
How to open a Demat account with Zerodha?
Very simple, Please call the customer care of Zardoda and you will get the account opening form email address from Zardoha. Now you just have to download all those forms and fill it and add the necessary documents with it to send to Zardoda. Your account will be opened in the next 5 days.
Can WE open an only trading account in Zerodha?
Reply From stockamj Admin.
Yes, it is possible to open an only trading account with zerodha. If you have already open Demat account with another broker than just link this Demat account with zerodha.
If you do not interested in giving annual maintenance charges for both accounts, you can close your existing account with other broker and transfer all your existing shares to Zerodha.
What about the brokerage interest charge level?
Great Blog, Extremely informative and helpful. Keep up the Good work.
Thanks for your comment.
Impressive! Thanks for post.