Zerodha is a financial services company registered with the Securities and Exchange Board of India (SEBI) and a member of the NSE,BSE, and MCX that provides brokerage services to stock market traders. Zerodha is an online discount brokerage firm that aims to reduce costs for their clients, which is critical in determining the long-term profitability of traders trading in the country’s stock markets.  Zerodha is India’s most technologically advanced stock broker. It has created a variety of trading software for its clients.

 Zerodha – Company Highlights

Zerodha Account Opening Charges

For online account opening, the Zerodha account opening fee is Rs 200. You will be charged Rs 400 if you choose to open an account offline. The annual maintenance charge for a demat account is Rs 300.

Zerodha Brokerage Charges

Zerodha operates on a fixed brokerage model, charging a flat fee of Rs 20 or 0.03% (whichever is lower) per executed order. It charges no brokerage fees for equity delivery. The maximum amount of brokerage that can be charged per order is Rs 20

Zerodha Margin Exposure

Based on the stock, the Zerodha margin for intraday trading is up to 20% of the trade value (max 5x leverage). The intraday trading margin for Zerodha F&O on the BSE, NSE, and MCX is 1.3x for equity, currency, and commodity trading. Zerodha F&O carry forward positions and equity delivery trades are not eligible for additional margin.

Zerodha Trading Software

• Web-based Trading Platform Kite 3.0

Zerodha was founded in November of 2015. Kite Web is a web-based HTML 5 lightweight and fast trading platform that can be used on mobile devices, tablets, and web browsers. Kite was created in-house by Zerodha and has received numerous updates since its initial release. Zerodha currently provides the Kite 3.0 web platform.

• Kite Android / Kite iOS (Trading App for Mobile)

An Android and iOS smartphone application. Customers can use this app to trade from their smartphones. Kite Mobile is a free app available to all Zerodha customers for trading and monitoring the Indian stock, currency, and commodity markets. Kite Mobile App is India’s most advanced trading app, with live streaming data from the BSE, NSE, and MCX.

• Zerodha Coin (Investment in Mutual Funds)

Zerodha Coin is a Zerodha Mutual Fund investment platform. People can use Coin to invest in Direct Mutual Funds. This means you could invest in mutual funds without paying a commission. Every year, it saves more than 1.5% on commissions. Mutual funds are held in a Demat account that is linked to a Zerodha trading account.

• Call & Trade

             Customers who are not online can place orders using the Call & Trade function. This will    cost an additional Rs 50 per trade. Zerodha Partner Products.

Advantages and disadvantages of Zerodha

Zerodha Advantages

• Most Popular Broker – Zerodha is India’s largest stock broker in terms of active clients and daily trading volume. The best trading platforms & tools in the industry- Kite, Console and Coin.
• Equity Delivery Trades with No Brokerage – When you buy shares using cash-and-carry (CNC), you do not pay any brokerage. There is no leverage in the delivery trade. When you buy shares, they are delivered to your demat account, and when you sell them, they are deducted from your demat account.
• India’s cheapest stock broker – They provide services with a straightforward pricing structure. Regardless of trade size, they charge 0.03% or Rs 20 per executed order, whichever is lower. The maximum brokerage paid by the customer per trade is Rs 20.Zerodha Referral Program – Refer a friend and earn 10% of brokerage share.
• Broker with Self-Clearance – Zerodha operates as a self-clearing broker. Customers are not charged any clearing fees.
• You can pay as you go. Brokerage Programmes – Zerodha offers a straightforward pay-as-you-go brokerage plan. Prepaid brokerage plans are not available.
• Zerodha GTT orders – Set long-standing stop loss and target orders for your stock investments.
•  Zerodha Kite 3 mobile – A completely redesigned mobile app for both passive investors and active day traders, with significant speed and user experience improvements.
• Online IPO Application – With a Zerodha account, you can apply for new IPOs (Initial Public Offerings).

Zerodha Disadvantages

• Does not provide stock recommendations, research reports, or stock tips
• There are no monthly unlimited trading plans.
• There are no life-time free AMC demat account plans available.
•  A Rs 50 per executed order charge for MIS/BO/CO positions that are not squared off by the customer.
•  For an additional fee of Rs 50 per executed order, call and trade is available.
• 3-in-1 trading account is not available as Zerodha doesn’t provide banking services.
• There are no BSE SME IPOs available. SME IPOs on the NSE are now available.

Zerodha Complaint

The number of complaints received by the exchanges from Zerodha customers. The Zerodha consumer complaint report aids in understanding the Zerodha service quality and dependability.

Additional information