ZERODHA Review 2023 : Brokerage, Platform, Features etc.
Zerodha is a leading discount broker in India, offering an online trading platform for stocks, derivatives, and commodities. Zerodha was found in 15th August, 2010. Do you know why company named it “ZERODHA”? They named the company with the combination of a Sanskrit word “Rodha” which means a barrier and Zero which is “0”. In that time, their disruptive pricing model changed the market to a whole new level, and that made them the biggest stock broker in India. With 1 crore+ clients placing millions of daily orders, Zerodha is contributing to a massive 15% share of all Indian retail trading volumes.
Zerodha was founded in 2010 by Nithin Kamath and his brother, Nikhil Kamath. Nithin, a former trader himself, was frustrated with the high brokerage fees he had to pay and wanted to create a platform that would be accessible and affordable for everyone. Thus, Zerodha was born.
In the early years, it faced many challenges as it tried to establish itself in a market dominated by traditional brokers. However, the company’s innovative offerings, such as the first-ever discount brokerage model and the introduction of a free mutual fund investment platform, helped it gain popularity among investors.
Over the years, it has grown and expanded its offerings. In 2019, it launched a trading platform for commodities, and in 2020, it introduced a platform for trading in international stocks. Zerodha’s focus on technology and innovation has made it one of the most popular brokers in India, with over 4 million clients as of 2021.
Products of Zerodha
- Kite Connect API
- Varsity mobile
Zerodha has also partnered with reputed firms which help clients in trading as well investing:
Kite Trading Platform
Zerodha offers its own developed trading platform called “Kite”. Kite trading platform is one of the simplest and sleek trading platform available in the market. It is user-friendly and perfect for beginners who wish to start the stock market journey. Kite is a trading platform which works fluently even when the internet speed is low as it consumes very low data in its operation.
Kite has unparalleled speed and high precision trading flagship platform. You can access to ultra-fast streaming market data and advanced charting tools. The elegant and intuitive user interface offers the ultimate trading experience, available seamlessly on both Android and iOS devices.
Zerodha Kite Trading Platform Features
Zerodha is No.1 not in the Indian Share Market not because it was the pioneer in discount brokerage in India, but it delivers its customers with great features that it provides in its trading platform. Below are the Special features of Kite that make it so unique:
Universal Instrument Search
Instantly search over 90,000 stocks and F&O contracts across multiple exchanges with their universal instrument search. Whether it’s stocks, bonds, metals, or derivatives, their tool allows you to find your favorites with zero latency.
Sleek User Interface
Zerodha Kite app features a carefully designed and sleek user interface that makes buying, selling, analyzing, and managing your portfolio just a click away. Plus, it’s intuitively designed keyboard shortcuts allow for seamless navigation.
20 market depth or level 3 data
With exclusive access to level 3 data, offering 20 market depth, you can gain deeper insights into market liquidity and develop advanced intraday trading strategies.
Kite’s charting interface is not only powerful and customizable, but it also boasts hundreds of indicators, studies, and tools. Plus, it’s extensive historical data for stocks and F&O contracts is unmatched by any other provider.
GTT – Good Till Triggered orders
Zerodha Kite’s platform lets you set single-leg triggers to enter or exit your stock holdings based on your desired price condition. Additionally, you can use our OCO feature to place target and stop-loss orders simultaneously.
Zerodha Kite’s platform allows you to effortlessly create, manage, and execute multi-stock baskets. Additionally, you can utilize real-time margins to develop F&O strategies and spread orders to maximize your profits.
Platform provides you with the ability to create powerful market alerts on the cloud for stocks, futures, and options to stay informed.
With Zerodha Kite’s Nudge system, you can be alerted to potential risks associated with your trades, such as dubious stocks, illiquid instruments, and significant corporate actions, so that you can make better-informed decisions.
Apply for IPOs using UPI
Invest in companies listing on Indian exchanges with an Initial Public Offering (IPO) by applying online through your BHIM UPI app.
Kite is more than just an app – it’s a complete ecosystem. With Kite, you can discover innovative investment apps that seamlessly integrate into your trading experience. And if that’s not enough, you can even build your own applications using Kite Connect APIs.
Zerodha Kite’s Brokerage Charges
|Equity Intraday||0.03% per trade order or Flat Rs. 20 (whichever is lower)|
|Equity Future||0.03% per trade order or Flat Rs. 20 (whichever is lower)|
|Equity Options||Flat 20 Rs. per order|
|Currency Futures||0.03% per trade order or Flat Rs. 20 (whichever is lower)|
|Currency Options||0.03% per trade order or Flat Rs. 20 (whichever is lower)|
|Commodity||0.03% per trade order or Flat Rs. 20 (whichever is lower)|
|Commodity Options||Rs 20 per trade order|
Zerodha Other Charges in Equity
|Equity Charges||Equity Delivery||Equity Intraday||F&O Futures||F&O Options|
|Brokerage||0 Brokerage||0.03% or Rs. 20/executed order whichever is lower||0.03% or Rs. 20/executed order whichever is lower||Flat Rs. 20 per executed order|
|STT/CTT||0.1% on buy & sell||0.025% on the sell side||0.0125% on the sell side|
-0.125% of the intrinsic value on options that are bought and exercised
-0.0625% on sell side (on premium)
|Transaction charges||NSE: 0.00325%|
|NSE: 0.0019%||NSE: 0.05% (on premium)|
|SEBI charges||₹10 / crore + GST||₹10 / crore + GST||₹10 / crore + GST||₹10 / crore + GST|
|GST||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)|
|Stamp charges||0.015% or ₹1500 / crore on buy side||0.003% or ₹300 / crore on buy side||0.002% or ₹200 / crore on buy side||0.003% or ₹300 / crore on buy side|
Zerodha Other charges in Currency
|Charges||Currency futures||Currency options|
|Brokerage||0.03% or ₹ 20/executed order whichever is lower||₹ 20/executed order|
|STT/CTT||No STT||No STT|
Exchange txn charge: 0.0009%
Exchange txn charge: 0.00025%
Exchange txn charge: 0.035%
Exchange txn charge: 0.001%
|GST||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)|
|SEBI charges||₹10 / crore + GST||₹10 / crore + GST|
|Stamp charges||0.0001% or ₹10 / crore on buy side||0.0001% or ₹10 / crore on buy side|
Zerodha Other Charges in Commodity
|Charges||Commodity futures||Commodity options|
|Brokerage||0.03% or Rs. 20/executed order whichever is lower||₹ 20/executed order|
|STT/CTT||0.01% on sell side (Non-Agri)||0.05% on sell side|
|Transaction charges||Group A|
Exchange txn charge: 0.0026%
Exchange txn charge:
CASTORSEED – 0.0005%
KAPAS – 0.0026%
PEPPER – 0.00005%
|Exchange txn charge: 0.05%|
|GST||18% on (brokerage + SEBI charges + transaction charges)||18% on (brokerage + SEBI charges + transaction charges)|
₹1 / crore + GST
₹10 / crore + GST
|₹10 / crore + GST|
|Stamp charges||0.002% or ₹200 / crore on buy side||0.003% or ₹300 / crore on buy side|
|Equity||4 to 10 times for Intraday|
|Equity Futures||40% of exchanged prescribed margin|
|Equity Options||40% of exchanged prescribed margin for selling. No margin on buying|
|Currency Futures||100% of exchanged prescribed margin|
|Currency Options||100% of exchanged prescribed margin|
|Commodities||50% of exchanged prescribed margin|
Do Read : ICICI Direct OFFERS 2023
Zerodha Call & Trade
When placing orders through a Zerodha dealer, customers will incur an additional charge of ₹50 per order, including auto square off orders.
Zerodha NRI Brokerage Charges
- ₹100 per order for futures and options.
- For a non-PIS account, 0.5% or ₹100 per executed order for equity (whichever is lower).
- For a PIS account, 0.5% or ₹200 per executed order for equity (whichever is lower).
- ₹500 + GST as yearly account maintenance charges (AMC) charges.
Zerodha AMC (Account maintenance charges)
|Type of Account||Annual Charges||Quarterly Charges|
|Individual, HUF, and partnership firms||₹300 + 18% GST||₹75 + 18% GST|
|NRI||₹500 + 18% GST||₹125 + 18% GST|
|Corporates, i.e. LLPs and private & public companies||₹1,000 + 18% GST||₹250 + 18% GST|
|IL&FS demat (accounts opened before 15th Sep 2015)||₹400 + 18% GST||₹100 + 18% GST|
Zerodha Account Opening Process
To open a demat account, use their fully online account opening process for faster results when utilizing Aadhar-Esign. Once you submit the application, it typically takes 24-48 hours to complete. Follow the step-by-step instructions provided to ensure a seamless experience.
- First you need to click on the Sign Up button in Zerodha Homepage and submit your mobile number.
- After the mobile number is submitted, you have to complete the OTP verification.
- To complete your application, you will need to provide your Aadhaar Number for online form authentication and later E-sign on it.
- You will also need a PAN Card for ensuring that the PAN Number and Name is entered is correct.
- You will need a scan of cancelled cheque with your name(mobile picture will work) OR your latest 6 months bank account statement to trade in Futures and Options.
- You will need to Upload a your Signature in plain whitepaper to e-sign on each of the required forms.
- That’s it, now wait for the documents to get processed and soon within 24-48 hours, the process will get complete.
Open a Zerodha Demat Account to avail special offer: click here
Zerodha Account Opening Charges
|Trading & Demat Account opening Charges||Rs 200|
|Trading AMC [Yearly]||Rs 0 (Free)|
|Demat AMC [Yearly]||Rs 300|
|Margin Money||75% Margin|
What are the special things about Zerodha that makes it ahead of all its compeitors?
Varsity, created by Karthik Rangappa, offers an extensive and comprehensive set of financial and stock market lessons that are openly accessible to everyone. With its broad range of resources, it is one of the largest online resources available for financial education.
- Kite – Trading Platform
Kite is the trading platform offered by Zerodha. It is one of the best platforms available in the market to trade. One can trade in Kite at ease with instant order placing. It offers advanced charting tools and technical indicators, making it easy for traders to analyze market trends.
- Streak – Advanced Algorithmic Trading Platform
Streak is a cloud-based platform that allows traders to create and backtest algorithmic trading strategies without the need for coding. It is designed to help traders automate their trading based on technical indicators and other market conditions. With Streak, traders can create and deploy trading strategies on various asset classes such as stocks, futures, options, and currency markets.
- Coin – 0 Commission for Investment in Mutual Funds
Zerodha Coin enables investors to purchase and sell mutual fund units with no commission or transaction charges. This service is user-friendly and hassle-free, making it an ideal option for investors looking to save on costs. Additionally, investors using Coin to invest in mutual funds won’t have to pay any account maintenance fees, making it an even more cost-effective choice.
Do Read : Kotak Securities OFFERS 2023
To sum up, Zerodha Securities is undoubtedly one of the best discount brokers in India, offering trading services in Stock, Currency Derivative, and Commodity segments. The firm introduced the concept of discount broking in India, and its innovative features continue to set it apart from the competition.
It has a strong focus on customer education, which sets it apart from other brokerage firms. The company offers various educational resources, including blogs, webinars, and a comprehensive knowledge base, to help clients improve their trading skills. Additionally, it provides affordable brokerage plans, which enable traders to save on trading costs.
Despite these strengths, the company needs to address its customer service issues promptly. Clients have reported unresponsiveness and unprofessional behavior from the customer service department. Zerodha should take immediate action to rectify these issues to deliver a seamless trading experience for its customers.
IT is a trustworthy platform and an excellent choice for beginners and experienced traders. The firm’s strengths include customer education, affordable brokerage plans, and value delivery. Nevertheless, the company needs to prioritize addressing customer service issues to provide a seamless trading experience for its clients.
Is Zerodha good for beginners?
Yes, Zerodha Securities is an excellent platform for beginners. The firm offers various resources to help novice traders improve their knowledge and skills, including educational blogs, webinars, and a comprehensive knowledge base.
It’s user-friendly platform is easy to navigate, and the company provides excellent educational support to guide new traders through the trading process. Additionally, the firm’s affordable brokerage plans enable beginners to start trading with minimal investment.
In summary, it is an ideal platform for beginners, providing all the necessary resources and support to help them learn and grow as traders.
What is the monthly fee of Zerodha?
It does not charge a monthly fee for using its trading platform. Instead, the company follows a discount brokerage model, which charges a flat fee per executed trade.
Is money safe with Zerodha?
Yes, it is a registered member of the National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and the Central Depository Services Limited (CDSL). These memberships ensure that your funds and securities are safe and secure.
Is Zerodha account free?
No, it charges a one-time account opening fee of Rs. 200. However, there is no annual maintenance fee or any other hidden charges
Can I invest 1 lakh in Zerodha?
Yes, you can invest up to Rs. 1 lakh without any restrictions.
Can I withdraw 1 crore from Zerodha account?
Yes, you can withdraw up to Rs. 1 crore per day from your Zerodha account through online funds transfer.
What is the minimum balance in Zerodha?
It does not require any minimum balance to maintain your trading account. However, if you want to trade will need to maintain sufficient funds to cover the margin requirements for your trades.
Which is better Upstox or Zerodha?
Both Upstox and Zerodha are popular discount brokers in India with similar features and services. However, the choice between the two depends on your specific requirements, such as brokerage charges, trading platforms, research tools, and customer support. It depends on you to choose whether to go for minimal layout trading platform of zerodha or advanced featured layout of upstox.
What is the minimum withdrawal from Zerodha?
There is no minimum withdrawal limit. You can withdraw any amount from your account at any time.
Can Zerodha take money from my bank account?
No, Zerodha cannot take money from your bank account without your permission. You need to authorize any fund transfer from your bank account to your trading account.
Which is the best demat account?
There are several good demat account providers in India, such as Zerodha, Upstox, ICICI Direct, HDFC Securities, and Angel Broking. The best demat account depends on your specific requirements, such as brokerage charges, trading platforms, research tools, and customer support.
How can I buy stock in Zerodha?
To buy stocks in, you need to open a demat account at zerodha and get the User ID and Password for you account. After getting all the details,
- You need to login to your trading account.
- Add funds to your trading
- Add a specific stock in your watchlist
- Click on ‘B’ Button when you hover on the stock.
- Place the order quantity in the order window.
- Click on the Buy button.
Which is best stock broker in India?
There are several good stock brokers in India, such as Zerodha, Upstox, ICICI Direct, HDFC Securities, and Angel Broking. The best stock broker depends on your specific requirements, such as brokerage charges, trading platforms, research tools, and customer support.
How to earn money on Zerodha?
You can earn money on Zerodha by trading in stocks, commodities, currencies, and other financial instruments. However, trading involves risk, and you need to have a good understanding of the markets and trading strategies to make profits.
Is withdrawal free in Zerodha?
Withdrawals from Zerodha are free of cost for equity investments. However, for commodity withdrawals, a small fee is charged by the exchange
Which bank account is required for Zerodha?
To link a bank account with Zerodha, any savings or current account with an Indian bank can be used.
What is the cost of opening Zerodha account?
The account opening process with Zerodha is 200 Rs.
How much margins/leverage does Zerodha provide?
It offers up to 5 times leverage (20% margin) for intraday trading using Margin Intraday Square Off (MIS) and Cover Order (CO) for equities. This means that with Rs. 1 lakh, traders can buy or sell stocks worth up to Rs. 5 lakhs for intraday trading. However, the list of stocks eligible for this leverage and the amount of leverage provided can change based on it’s policy.
It’s important to note that due to peak margin rules implemented by SEBI (Securities and Exchange Board of India), Zerodha does not offer any leverage for trading in equity derivatives (F&O), currencies, and commodities segments.
How do I recover my Zerodha Kite Login ID and password?
To recover your Kite user ID using these steps:
- Go to kite.zerodha.com in your web browser.
- Click on the “Forgot user ID or password?” link.
- Select “I forgot my user ID.”
- Enter your PAN (Permanent Account Number), which is a unique 10-character alphanumeric identifier assigned by the Indian Income Tax Department.
- Choose to receive the OTP (One-Time Password) via email or SMS, and enter the associated email ID or mobile number. Enter the captcha code shown on the screen and click on “Reset.”
- Check your email or SMS for the OTP and enter it on the Kite website.
- Create a new password for your account and click on “Continue.”
Once you have followed these steps and successfully recovered your Kite user ID, you should be able to log in to your account using your new password.
Zerodha Annual Maintenance Charges (AMC) ?
Zerodha Annual Maintenance Charges for Individual is 300 Rs. yearly.
How long Zerodha takes to open account?
If the KYC is verified and the submitted account opening documents are accurate, the Zerodha account will be opened within 72 hours.
Login to Zerodha Kite?
Click the Link here : Zerodha
How to do Options trading in Zerodha?
- To do options trading in zerodha, you have to first activate the Derivative trading option in Zerodha ‘Console’.
- After going to Console option, you will have an option to Activate Derivative Trading option.
- After activating derivative trading option, you need to submit, either your income statement or last 6 months bank statement to Zerodha.
- After submitting the statement, you will be able to trade in options within 24 hours.
Zerodha vs Groww (which is better)?
Both Zerodha and Groww are popular online platforms for investing in the stock market and mutual funds in India. However, determining which one is better depends on your specific needs and preferences.
Zerodha is known for its advanced trading platform and low brokerage fees. It offers a wide range of investment options, including stocks, derivatives, mutual funds, and bonds. It provides extensive research and analysis tools, along with various educational resources for investors. It also has a large customer base and is highly regarded for its transparency and customer support.
On the other hand, Groww focuses primarily on mutual fund investments. It offers a user-friendly interface, making it easy for beginners to start investing. It provides a seamless and hassle-free experience for mutual fund transactions, with no commissions or transaction charges. It also offers investment options in stocks and digital gold.
To decide which platform is better for you, consider factors such as your investment goals, preferred investment instruments, ease of use, customer support, and associated costs. It may be helpful to try out both platforms or seek recommendations from experienced investors before making a decision.