Zerodha Review: An Honest Unbiased Review

Written By: Manish Sharma

Last Updated: December 27, 2023

Category : Stock Market, Investment
Zerodha Review

I’ve been exploring the world of online trading platforms recently, and one name that keeps popping up is Zerodha. I thought it was high time I took a deep dive into this platform to see what all the buzz is about. This review will be my honest, unbiased opinion of Zerodha – no paid endorsements here, just my personal findings.

Zerodha is the biggest (client-wise) discount broker in India, with over 9M+ customers. They are known as the founder of discount brokerage.

First off, let’s talk about their web trading platform. It’s clear that Zerodha has put a lot of thought into creating an interface that’s user-friendly yet packed with features. The layout isn’t cluttered, and navigating through different options feels seamless.

Next on the list is their mobile trading app. For folks who prefer to trade on-the-go, Zerodha hasn’t left you out in the cold either. Just like their web platform, the mobile app is also designed with ease-of-use at its core without compromising on functionality.

And then there’s customer service – often overlooked but oh so important when you’re dealing with something as serious as your hard-earned money! From what I’ve seen thus far and from feedback across various forums, Zerodha seems to hold its own quite well in this department too.

Last but certainly not least is safety & security – a paramount concern for any online trader. Here too, Zerodha doesn’t disappoint with top-notch measures in place to keep your investment secure.

So stick around if you’d like an insider’s view on how things work at Zerodha – because we’re just getting started!

Zerodha Detailed Honest Review

Zerodha Review 2024

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.

I’ve had my fair share of experiences with various trading platforms, and I can say without a doubt that Zerodha has made a name for itself in this competitive world. It’s India’s largest stockbroker, known for its discount broking model and technologically advanced trading platforms. Launched in 2010, it has grown exponentially due to its focus on customer-centric services and innovative offerings.

Zerodha offers a range of services from equity investments to derivatives trading. Furthermore, they’re renowned for their educational initiatives like Varsity and TradingQ&A which offer comprehensive learning resources for traders at all levels.

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

Zerodha’s Trading Platforms & Tools

When it comes to trading platforms, I believe that user-friendliness should be at the forefront. And Zerodha doesn’t disappoint here – their web trading platform Kite Web is intuitive yet powerful. It provides live market data, an extensive charting toolset with over 100 indicators, and an easy-to-use interface.

But wait till you get your hands on their mobile trading platform – Kite Mobile! With real-time notifications, one-tap order placement and a clean layout, it makes mobile trading truly effortless.

Beyond these platforms, there are specialized tools like Coin (for direct mutual fund investments), Console (a comprehensive dashboard), and Streak (for algo-trading) – each designed to enhance different aspects of your investment journey.

Zerodha Customer Service: An Honest Evaluation

Now let’s talk about something many people overlook until they need it – customer service. In my experience with them so far, they’ve been responsive via email support but phone support could use some improvement.

Despite minor hiccups in customer service response times during peak periods or market volatility days – common among most brokers – I’ve found their issue resolution to be satisfactory. They also run a comprehensive self-service portal, which answers most common queries.

Zerodha’s commitment to security is also commendable. They use 2FA (two-factor authentication) for login and transactions, ensuring enhanced safety for your investments.

In the end, Zerodha stands out as a reliable platform for both beginner traders and seasoned investors alike. There’s always room for improvement but considering what they offer at such competitive prices, it’s hard not to consider them a solid choice in the Indian trading market.

Zerodha’s Trading Platforms

Let’s dive into the heart of this Zerodha review – their trading platforms. When it comes to trading, I believe that having a reliable platform is essential, and fortunately, Zerodha doesn’t disappoint.

Exploring Zerodha’s Unique Trading Platforms

Zerodha offers two major platforms for traders: Kite Web and Kite Mobile. The web trading platform is known for its user-friendly interface and interactive charts. It’s designed with simplicity in mind, making it easy for beginners to navigate.

On the other hand, Kite Mobile is an app dedicated to those who prefer trading on-the-go. With real-time market data and advanced charting features, this mobile trading platform ensures you won’t miss out on any investment opportunity even when you’re away from your computer.

Zerodha’s Trading Software

If we go deeper into the specifics of these platforms, we’ll find some impressive features. For instance, the web trading platform allows users to customize their workspace according to preference. From adjusting chart types to choosing specific indicators – it lets you fashion your workspace just how you want it.

With Kite Mobile things get even better! This mobile application provides access not only to equity markets but also commodity markets. Its intuitive design combined with powerful features makes stock tracking as simple as checking emails on your smartphone.

Advantages of Zerodha’s Trading Platforms

What sets Zerodha apart from many other brokers are its unique advantages:

  • User Experience: Both platforms are designed keeping usability in mind – whether you’re a novice or an experienced trader.
  • Robust Security Measures: You can trade confidently knowing that both platforms employ high-end security measures ensuring safety at all times.
  • Extensive Customer Support: If there’s ever a snag in your trading journey, Zerodha’s dedicated customer service is there to help.

So there you have it – a deep dive into the world of Zerodha’s trading platforms. It might be clear by now why Zerodha has become a popular choice among traders in such short time. Whether it’s their easy-to-use interface or their real-time market data features, they’ve got everything covered for both new and seasoned traders alike.

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 on equity of ₹20 per trade, and delivery is free.

For intraday trading and derivatives (futures & options), there’s a flat fee of Rs 20 or 0.03% per executed order – whichever is lower. It’s like walking into your favorite coffee shop and no matter what lavish latte or frappe you order, you don’t pay more than a specific amount! Zerodha charges ₹50 for Call and Trade.

Class

Brokerage

Equity Delivery

FREE

Equity Intraday

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

F&O

₹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

Charges

Equity Delivery

Equity Intraday

Equity F&O

STT/CTT

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%

GST

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 side0.003% or ₹300 / crore on buy side0.002% 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.

Segment

Zerodha Margin

Zerodha Equity Delivery

NIL

Zerodha Equity Intraday

Upto 16X 

Zerodha Stock F&O

3.7X

Zerodha Index F&O

3.7X

Zerodha Currency & Commodity Futures

3.33X

Margin Calculator

Zerodha 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: https://zerodha.com/pricing

They have an account opening fee of ₹ 200 for Trading & DEMAT account and ₹ 300 if you wish to open a commodity account as well.

let’s not forget about Zerodha’s annual maintenance charge (AMC) of Rs 300 that applies after the first year.

In conclusion, while Zerodha offers a cost-effective trading solution with its low-cost structure and efficient customer service, it still has some additional charges which every investor should consider before making their choice.

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.

Zerodha Review: An Honest Unbiased Review

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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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