Zerodha Review 2023: An Honest Unbiased Review

Last Updated: November 18, 2022

In today's post, I'll share a detailed & honest Zerodha review of 2023.

Zerodha is the biggest (client-wise) discount broker in India, with over 40 lakh customers. They are known as the founder of discount brokerage.

Zerodha offers to trade in commodity, stocks, and currency derivatives. They have fixed & nominal charges of ₹20 per trade, where delivery is free.


So, let's begin with detailed Zerodha review.

Zerodha Detailed Honest Review

Zerodha Review 2023

Zerodha is a reputed discount broker in India. Zerodha offers advanced financial chart comparison tools that help the users to understand the company's financials and other information.

Zerodha platform is available to use on multiple devices, including IOS, Android and online through a Web Browser.

Zerodha Segments

Zerodha allows you to trade in:

  • Stocks
  • Futures & Options(F&O)
  • Mutual Funds
  • Government Securities
  • Sovereign Gold Bond

Zerodha Fees

  • Zerodha doesn't charge any withdrawal fees.
  • Zerodha doesn't charge a fee for inactive accounts.
  • Zerodha doesn't charge deposit fees.

Zerodha Brokerage Charges

Zerodha charges flat brokerage of ₹20 per trade, and delivery is free. Zerodha charges ₹50 for Call and Trade.



Equity Delivery


Equity Intraday

₹20 per order or 0.03% (whichever is lower)


₹20 per order or 0.03% (whichever is lower)

Currency & Commodity F&O

₹20 per order or 0.03% (whichever is lower)

Zerodha Charges / Fees


Equity Delivery

Equity Intraday

Equity F&O


0.1% on buy & sell

0.025% on the sell side

0.01% on sell side

Transaction charges

NSE: 0.00345%
BSE: 0.003%

NSE: 0.00345%
BSE: 0.003%

F: NSE: 0.002%,
O: NSE: 0.053%


18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

18% on (brokerage + transaction charges)

SEBI charges

₹5 / crore

₹5 / crore

₹5 / crore

Stamp charges

0.015% or ₹1500 / crore on buy side

0.003% or ₹300 / crore on buy side

0.002% or ₹200, 0.003% or ₹300 / crore on buy side

Go here to calculate brokerage charges on Zerodha.

Zerodha Margin / Leverage

Zerodha offers margin that vary from segment to segment.


Zerodha Margin

Zerodha Equity Delivery


Zerodha Equity Intraday

Upto 16X 

Zerodha Stock F&O


Zerodha Index F&O


Zerodha Currency & Commodity Futures


Margin Calculator

Zerodha Minimum Deposit

Zerodha does not require a minimum deposit when opening a Zerodha account. This attracts the new customers to open an account with Zerodha.

Zerodha Account Opening Charges / AMC

  • Zerodha Trading & Demat Account Opening Charges (Equity, F&O, Currency and Commodity) : ₹200 + ₹100 for commodity (One Time)
  • Zerodha Account Annual Maintenance Charges (AMC): ₹300 Per Year
  • You can check all other detailed pricing at:

Zerodha Account Opening Documents

  • PAN Card
  • Aadhar Card
  • Cancelled Cheque
  • Income Proof, i.e. FORM 16, Bank Statement, ITR Acknowledge copy, (If you wish to trade in Futures & Options)
  • A mobile number and an email.

How To Open Zerodha Account Online?

Step #1: Visit the Zerodha Account opening page.

Financex Signup

Step #2: Click on 'Sign Up Now' and enter your mobile number & email and enter your OTP to confirm both.

Zerodha Signup Process

Step #3: You need to enter your PAN and your date of birth. 

Step #4: Now you need to make payment for Account opening charges mentioned above. You may pay using UPI or Net Banking. 

Step #5: After payment is made, you have to share your digilocker with Zerodha to share the Aadhar details.

Step #6: Now you have to enter your personal details and your bank account details and then continue.

Step #6: On the next step, you will get Webcam IPV where you get a code that you have to write on a piece of paper and hold also you have to turn on your webcam and capture.

Step #7: Now upload the relevant documents as said earlier and then continue.

Step #8: Complete eSign as directed.

Step #9: That's it. You will receive an email and an SMS regarding approval of your account. 

Zerodha Pros

  • Zero Brokerage for delivery
  • Nominal & fixed brokerage
  • Free withdrawl & no deposit fees
  • Comes up with advanced chart
  • No minimum deposit required
  • Apply for IPO using Zerodha

Zerodha Cons

  • Account opening process is slow
  • No forex trading
  • Fees are being charged for other research tools

Open you account with Zerodha today.

Frequently Asked Questions (FAQs) on Zerodha

What is intraday square-off time with Zerodha?

Intraday square-off time is 3:20 PM in Zerodha.

Does Zerodha provides After Market Order (AMO)?

Yes, Zerodha provides After Market Order (AMO).

Does Zerodha provide mobile app for trading?

Yes, Zerodha provides a mobile app for IOS and Android.

Does Zerodha provides advance chart with its trading platform?

Yes, Zerodha provides an advance chart with its trading platform.

Can I trade in forex with Zerodha?

No, Zerodha doesn't offer forex trade.

Can I trade in currency with Zerodha?

Yes, you can trade in currency with Zerodha.

Can I invest in bonds with Zerodha?

Yes, You can invest in bonds with Zerodha.

Can I invest in Mutual Fund with Zerodha?

Yes, you can invest in Mutual Fund using Zerodha.

Can I invest in online IPO with Zerodha?

Yes, You can invest in IPO with Zerodha.

Can I transfer funds using UPI with Zerodha?

Yes, you can transfer funds using UPI to Zerodha.


manish sharma


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About the Author

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Manish Sharma

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